The Obama administration's decision to sell more of its stake in General Motors underscores the resurgence of a domestic auto industry that emerged from near-collapse to become a pillar of economic growth.
UK new-car sales rose 11 percent to 180,111 in May, marking the 15th consecutive month of growth for the market, the country's auto trade association said today.
Porsche's global sales rose 13 percent in May on strong demand for the Boxster and Cayman, leaving the automaker's sales boss "cautiously optimistic" about the second half despite Europe's ongoing sales slump.
Audi said global vehicle sales rose 6 percent in May to 137,200 cars with robust growth in the United States, China and the UK helping to offset falling demand in most of Europe's key markets.
Volkswagen is set to gain full strategic and financial control over truckmaker MAN, in which it has a 75% stake. VW has tabled a motion for the truckmaker's annual shareholders meeting next week to "dominate" MAN and pool both companies' cashflows.
Toyota wants to become the first automaker in the world to break through the 10m vehicle production barrier this year.
The first minicar developed by Mitsubishi Motors with Nissan input went on sale in Japan today (6 June). The DAYZ is the result of a two-year cooperation with Mitsubishi Motors and is built by Mitsubishi at its Mizushima plant. Nissan has previously sold rebadged Mitsubishi and Suzuki minicars.
Hyundai Mobis is planning to expand its network in India to counter fake components which have been coming into the market.
EDITOR WES RAYNAL: I know all the and#8220;Porscheand#8217;s are for toolsand#8221; stories. How Porsches are for jerks trying to compensate for something.
UK new car registrations grew 11% to 180,111 units in May.
News
6 Jun, 2013
BMW has upgraded its ConnectedDrive in-car Internet system
The Indonesian government announced its long awaited incentives for small cars, following the issue of a presidential decree earlier this week which was quickly put into legislation.
Porsche is stopping Cayenne SUV production at its Leipzig assembly plant because of flooding in the region.
BMW Group's Rolls-Royce has named one-time Mini body manufacturing chief Frank Ludwig director of manufacturing. He was most recently director, painted body at the BMW plant in Leipzig, Germany.
Porsche stopped production at its plant in Leipzig, Germany, after floods in the region disrupted supplies. The factory builds the Cayenne SUV and Panamera sedan.
Haldex has appointed Andreas Ekberg as its new chief financial officer. The 43-year-old manager was previously the company's senior vice president of global operations.
Automakers are fast-tracking flexible architectures to underpin multiple models across different brands and segments to catch up with VW Group's modular platform development strategy.
Ford's 1.0-liter EcoBoost gasoline engine has been named the International Engine of the Year for the second year in a row.
Daimler will largely refrain from taking a traditional summer break at its car factories with models like the revamped Mercedes E class and new CLA keeping assembly lines busy.
Automotive News Europe salutes the winners of the 2013 Rising Stars awards. Every day until June 12 one of the 18 winners will be featured. Today's Rising Star is Adrian Porter, global fleet consultant at
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