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Jul
10th

June 2012 Auto Sales

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June 2012 Auto Sales
June 2012 Auto Sales - Automobile Magazine
After taking a bit of a breather in May, consumers resumed their love affair with new cars in June.

After taking a bit of a breather in May, consumers resumed their love affair with new cars in June. Shrugging off macro economic worries -- mostly having to do with the Euro -- buyers, low and behold, seemed more focused on matters closer to home, like the need to replace their aging set of wheels. Helping to nudge them in that direction were low interest rates, plentiful deals, and moderating gasoline prices.


Photo Gallery: June 2012 Auto Sales - Automobile Magazine

Photo Gallery: June 2012 Auto Sales - Automobile Magazine


Jul
10th

Former dealer Martin Swig, thought to be auto mall inventor, dies at age 78

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Former auto dealer and vintage car enthusiast Martin Swig -- thought to be the inventor of the modern auto mall -- died July 3 of a stroke at age 78 in his Sausalito, Calif., home.
Jul
10th

Supplier CTS reports new business worth a possible $25 million

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Supplier CTS said its automotive unit picked up three new production programs that could generate total revenue of $25 million. Two are for its electronic throttle control accelerator pedal modules, and one is for its pedal position sensors.
Jul
10th

INDONESIA: Mazda wants sales to triple by 2015

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Mazda considers southeast Asia the world's new engine of growth and will almost triple sales in Indonesia by 2015.
Jul
10th

HONG KONG: Johnson Electric launches door lock gear motors

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Johnson Electric has announced a door lock motor product line for the automotive industry.
Jul
10th

GERMANY: VW global sales up 10.2% in first half

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The Volkswagen Passenger Cars brand delivered 2.79m cars in the first half of this year, up 10.2% year on year. June sales rose 13.7% to 498,600.
Jul
10th

Vintage touring cars to race at Silverstone Classic

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More than 40 classic touring cars from the 1970s to the 1990s will contest the Fujifilm Classic Touring Car Trophy double-header races at the Silverstone Classic in England, July 20-22.
Jul
10th

2012 Toyota Prius V: Review notes: The Papa Bear of the Prius family

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EDITOR WES RAYNAL: Ugh. That sums up my impression of my first drive in the 2012 Toyota Prius V. It's bigger in nearly all dimensions to be quite a bit roomier than the regular Prius, and the materials inside are an improvement.
Jul
10th

Protean Electric gets $84M infusion to open first in-wheel motor plant

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Protean Electric Inc., a suburban Detroit maker of in-wheel electric motors, said today that it has received an $84 million investment to open its first plant and begin producing the motors in China even though it has no customers.
Jul
10th

INDIA: Tata Motors to purchase parts from China

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Tata Motors is turning to China to buy parts unavailable in India as it seeks to offer vehicles with automatic transmission at home, chairman Ratan Tata has said.
Jul
10th

SWEDEN: New Saab to stand on own two feet as first recruitment wave announced

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Swedish, Chinese and Japanese engineers are to be recruited for Saab from this autumn in an initial wave of staffing by the automaker's new owners, who insist no government funding has been requested.
Jul
10th

GM, Ally exit plan needed for U.S. Treasury, says government watchdog

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Market conditions have slowed the Treasury's progress in selling stakes in General Motors and Ally Financial, its one-time consumer financing arm, but the Obama administration should develop a solid plan for doing so, a government watchdog told a...
Jul
10th

Hyundai sued over Elantra fuel economy ad claims

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Hyundai Motor has been sued for allegedly misleading consumers sensitive to high gas prices that its popular 2011 and 2012 Elantra model is more fuel efficient than it actually is.
Jul
10th

Supplier reveals nose of 2014 Corvette

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Canadian tooling supplier Omega Tool Corp. thought it was just showing off its capabilities in a promotional video. Unfortunately for Omega and the
Jul
10th

Dodge Dart TV spot to debut Tuesday during MLB All-Star Game

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Chrysler Group's first TV commercial for the
Jul
10th

INDONESIA: Sales jump 45% in June

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New vehicle sales in Indonesia rose 44.9% year on year to a monthly high of 101,639 units in June, according to wholesale data released by the Indonesian automotive association (Gaikindo).
Jul
10th

INDIA: Honda won’t launch new Civic

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Though it was once the country's largest-selling 'premium sedan', the Civic is the latest victim of Honda's troubled car operations in India and the carmaker has canned the launch of the latest generation.
Jul
10th

Russia fills gap for General Motors as China sales slow

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China is no longer the eye-popping growth story for General Motors, but robust sales in Russia and other emerging markets quickly filled the gap during the first half of this year, a senior company executive told Reuters.
Jul
10th

SWEDEN: New Saab owners expect to make final payment "this summer"

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Saab's new owners expect to ink the closing deal of its takeover once a final payment has been made to the bankruptcy receivers in Gothenburg "during the summer."
Jul
10th

RUSSIA: Avtotor, Magna, plan auto ‘cluster’ – report

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Russian automaker Avtotor reportedly is joining with Magna to establish a manufacturing complex that includes a cluster of plants that will make cars and components in the Kaliningrad region, the centre of Russian vehicle production.
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