New car sales in Germany, France, Italy and Spain fell by between around 3% and 20% year on year according to media reports citing local industry association data.
Auto lenders aren't quite throwing "caution to the winds," even though they made bigger loans, at lower interest rates, and approved customers with lower average credit scores in the second quarter of 2012, according to Experian Automotive.
Saab Automobile Parts insists BMW has "no case" following the German automaker's issue of a lawsuit to the Swedish components supplier.
Total new vehicle sales is South Africa in August rose 9.4% year-on-year to 56,253 cars in August, with rental companies leading demand.
China's policy of requiring all foreign automakers to form local joint ventures is "like opium" for Chinese firms and is failing to foster world-class Chinese companies, a former minister was quoted as saying.
Nissan Motor's China joint venture with Dongfeng Automobile sold 95,200 vehicles in China in August, up 0.6% year on year, the Japanese automaker said.
U.S. auto sales -- led by Honda, the Volkswagen Group and Toyota -- jumped 20 percent last month to 1.28 million for the strongest monthly pace in three years.
News
4 Sep, 2012
Justine Greening replaced by Patrick McLoughlin in David Cameron’s cabinet
Daimler's new plant in Kecskemet, central Hungary, is to introduce a second shift from mid-September, the managing director of Mercedes-Benz Manufacturing Hungary, Frank Klein, told news agency MTI.
News
4 Sep, 2012
Limited-edition Smart ForTwo Iceshine gets blue paint and extra equipment
With production line delays costing automotive manufacturers up to EUR1m an hour, emergency logistics is becoming an important part of the supply chain as vehicle manufacturers and their suppliers strive to keep the lines running. We catch up with Brad Brennan, managing director of emergency logistics specialist Evolution Time Critical, to find out how emergency logistics is increasingly being integrated with supply chain strategy.
News
4 Sep, 2012
New Saab models to arrive by 2014 but won’t wear the brand’s Griffin badge
News
4 Sep, 2012
Road-legal Formula Ford does supercar-beating lap of Nürburgring track
Volkswagen said production in Slovakia soared in the first half of the year, almost outstripping output for the whole of 2011 following rising demand for its Up minicar model and strong output of SUVs.
The South Korean labor union of Hyundai narrowly voted in favor of a wage deal, averting more strikes and production losses at the automaker that has led to its first monthly sales drop in over three years.