The European Investment Bank said on Monday it has approved Swedish Automobile NV's request to sell part of carmaker Saab's property unit to a consortium of Swedish real estate investors.
The European Investment Bank said on Monday it has approved Swedish Automobile NV's request to sell part of carmaker Saab's property unit to a consortium of Swedish real estate investors.
Veteran Land Rover executive Steve Haywood has been appointed managing director of Bowler, a British manufacturer of specialist all-terrain vehicles.
South Korea's five domestic car makers posted a 16.7% gain in overseas sales in June. Combined with their domestic sales, the five sold a total of 683,703 cars, up 14.6% from 596,630 cars sold a year before.
Daimler chief executive Dieter Zetsche would welcome additional investors from China.
Volvo is on track to sell more than 400,000 cars this year, according to the Swedish business daily Dagens Industri.
New car registrations in Germany last month rose 10% from a year earlier and the importers' association VDIK predicted further growth in the second half of the year.
Volkswagen said on Monday (4 July, 2011) it now holds a majority of the heavy truck maker MAN. It was was obliged by German law to make a public offer for MAN shares after its holding rose above 30%.
IKCO (Iran Khodro) has produced over 171,462 cars since the beginning of the current Iranian calendar year on 21 March.
Toyota's European production returned to normal levels in June and the automaker could regain the 40,000 units it lost following the earthquake and tsunami that devastated Japan March 11, Toyota Europe Vice President of Purchasing Mark Adams said.
Toyota Boshoku Corporation and Aisin Seiki have recently begun manufacturing automobile seat frames and seat covers in Poland.
GAZ Group says it is looking to harness the domestic supply base in Russia as it aims to harness government automotive support.
SPX Service Solutions, a developer and maker of automotive diagnostic systems, has a deal to provide its electric vehicle chargers and installation services to a 'premier European manufacturer,' the company's top executive said.
New car registrations in Germany rose 10 percent in June in year-on-year figures, the German auto importers association VDIK said. Overall in the first half of 2011, 10.5 percent more cars were registered than a year earlier, it added.
Next generation Mercedes is caught completely uncovered for the first time, featuring sharp design, more cabin space and efficient new engines
Swedish Automobile (SWAN) and Saab today (4 July) announced the signing of final agreements with Pang Da and Zhejiang Youngman to convert the non-binding MOU relating to equity investment into binding agreements, subject to regulatory and other third party approvals.
Specialist sports car maker Lotus should know in about three months whether a second attempt to raise cash from the UK government has succeeded.
Mercedes has revealed full details of its high-tech new B-Class, with eco, 4WD and hybrid models all on the horizon
VW, Europe's largest truckmaker, secured a majority in MAN SE after more shareholders than expected accepted a takeover bid. VW will own 55.9 percent of the MAN's voting rights after the deal closes.
Nissan plans to introduce a compact, entry-level Infiniti model below the G series to compete against such cars as the Audi A3 and
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