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Nov
8th

VIEWPOINT: Valmet’s Karmann move underlines advance of retractable hard-tops

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Valmet Automotive is estimating it should receive regulatory approval for its acquisition of convertible roof specialist Karmann by year-end. We consider what it says about the convertible roof systems sector Full story...
Nov
8th

Range Rover’s MINI rival

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Sensational baby brother to Evoque targets Countryman, rugged looks, strong efficiency as brand grows further
Full story...
Nov
8th

UK: Spending review dents new car sales: RMI

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A rise in UK Value Added Tax (VAT) from 17.5% to 20% on 1 January next year may temporarily lift the domestic market, but could be offset by tough budgetary action from the coalition government says an insularity lobby group Full story...
Nov
8th

Siemens close to signing electric-car charging contract in China

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Siemens AG, Europe's largest engineering company, said it is close to signing a contract to supply a Chinese city with electric-vehicle charging infrastructure. Full story...
Nov
8th

Chrysler posts $239 million Q3 operating profit, raises forecast

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Chrysler Group posted an operating profit of $239 million in the third quarter and raised its outlook for the balance of the year in anticipation of stronger sales and improved operating performance. Full story...
Nov
8th

Chrysler posts $239 million Q3 operating profit, raises forecast

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Chrysler Group posted an operating profit of $239 million in the third quarter and raised its outlook for the balance of the year in anticipation of stronger sales and improved operating performance. Full story...
Nov
8th

Samsung SDI, Bosch win EV battery deal from Chrysler

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A joint venture of South Korea's Samsung SDI and Germany's Robert Bosch has won a contract to supply lithium-ion batteries for Chrysler's upcoming electric vehicle, the Fiat 500EV, Samsung said on Monday. Full story...
Nov
8th

CHINA: China BAK Battery says Chery has launched lithium-ion Ruilin M1 EV

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Global manufacturer of lithium-based battery cells China BAK Battery, has announced Chery Automobile, one of its major electric vehicle customers, has launched its first lithium-ion solution EV, Ruilin M1, powered by China BAK's lithium-ion phosphate batteries. Full story...
Nov
8th

UK: Aston Martin appoints new CFO

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Aston Martin has announced the appointment of Hanno Kirner to its newly-created position of Chief Financial Officer, based at the company's global headquarters in Gaydon, UK. Full story...
Nov
8th

UK: Retail Motor Industry Federation sees major October van sales rise

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October figures from the UK Retail Motor Industry Federation (RMI) show a healthy growth with year-to-date van sales growth of 18.8% Full story...
Nov
8th

US: Coda Holdings looks for new CEO

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Lithium-ion advanced battery systems and all-electric vehicles developer Coda Holdings, has announced the resignation by mutual consent of Kevin Czinger as CEO Full story...
Nov
8th

SPAIN: EC grants financial assistance to redundant autoworkers

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Spain has been granted approval by the European Commission for EUR382,200 (US$532,000) in assistance from the European Globalisation Adjustment Fund (EGF). Full story...
Nov
8th

Big rises in China, U.S. boost Audi sales in October

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Audi grew new car sales by 5.8 percent in October as demand from China and the United States continued to rise. Audi said sales in China were up 18.2 percent, while sales in the U.S. grew 10.5 percent. Full story...
Nov
8th

Geely steps up integration of Volvo

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Geely Automobile has set up a committee to facilitate communications with Volvo in one of its first concrete steps at integration since Geely's parent bought the Swedish carmaker from Ford earlier this year. Full story...
Nov
8th

Lobbyists see start of auto-friendly GOP era

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The new Republican majority in the House will investigate, slow and try to block Obama administration initiatives that it considers detrimental to the auto industry, lobbyists predicted. Full story...
Nov
8th

Chinese new-car prices likely to fall by 20%, VW exec says

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China's new-car prices are likely to fall 20% by 2020, said former VW China CEO Winfried Vahland. He said intense competition, low disposable income, and relatively low costs of production are the most important factors behind the drop. Full story...
Nov
8th

Groups find gold in old used cars

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Instead of sending that 1997 Ford Aspire trade-in to auction, large dealership groups are seeking to retail such older cars for more profit. AutoNation, Lithia, Asbury, Sonic and Penske are among retailers trying to boost sales of old used vehicles. Full story...
Nov
8th

The wacky world of Brad Benson

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In radio ads that began last fall, Brad Benson -- then Hyundai's second-best-selling U.S. dealer -- pledged to remain celibate until his store in rural New Jersey regained the top spot. Benson, 54 and married, can breathe a little easier now. Full story...
Nov
8th

VW seeks 10,000 electric-car sales in China from 2014

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Volkswagen plans to build and sell 10,000 electric cars in China from 2014 to 2018. VW will produce an electric model at local ventures with SAIC Motor Corp. and FAW Group Corp. Full story...
Nov
8th

Mercedes: Nothing ‘stupid’ planned to top Lexus in luxury race

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Mercedes-Benz won't be 'stupid' in adding sales incentives to its cars as the company pushes to become the top-selling luxury brand in the U.S., an executive said. Toyota Motor Corp.' Full story...
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