Audi, BMW and Mercedes have reached a stand-off with Nokia in their joint bid to buy the Finnish company's maps business HERE, while rival offers appear to be unravelling, sources familiar with the process said.
European automakers' association ACEA has issued a forecast for EU new car sales growth of 5%.
European car association ACEA revised upward its forecast for 2015 sales in the EU to more than 13 million vehicles, or 5 percent growth, from a previous estimate of 2 percent. Demand remains below the 2007 peak of almost 16 million cars, ACEA added.
European car association ACEA revised upward its forecast for 2015 sales in the EU to more than 13 million vehicles, or 5 percent growth, from a previous estimate of 2 percent. Demand remains below the 2007 peak of almost 16 million cars, ACEA added.
Russia's Association of European Businesses (AEB) says a fall of 30% in new car and LCV sales for June is "less dramatic" than previous months, but is still forecasting a year-end figure down 36% to 1.55m.
Nissan has warned that large falls on Chinese stock markets could negatively impact consumer confidence in the country.
The 12 percent YoY rise in the June German passenger cars market has seen some notable changes to the usual pecking order. Opel muscled past both Ford and BMW to take fourth position behind Volkswagen, Mercedes-Benz and third-placed Audi.
The 12 percent YoY rise in the June German passenger cars market has seen some notable changes to the usual pecking order. Opel muscled past both Ford and BMW to take fourth position behind Volkswagen, Mercedes-Benz and third-placed Audi.
Nissan Motor will start producing the Rogue crossover (X-Trail in some markets) from spring 2016 at its production subsidiary in Kyushu, Japan, for export to North America.
Continental and the Serbian Economy Ministry have inked an MoU to start a EUR17m (US$18.8m) plant in Subotica employing 500 staff.
BMW brand's global sales rose 5 percent in June as robust demand in Europe and the U.S. helped offset a second-straight month of decline in China. Six-month sales at BMW brand grew 5.1 percent.
Federal-Mogul Powertrain says it has bought TRW's ownership shares in two engine components joint ventures, completing its acquisition of TRW's Engine Components business.
Remember the Chrysler Grand Voyager, Citroen C8, Kia Sedona and Toyota Previa? All large people-carriers/MPVs/minivans, launched as the answer to a family's prayers but now extinct in Europe, probably never to be replaced. They are not alone.
Remember the Chrysler Grand Voyager, Citroen C8, Kia Sedona and Toyota Previa? All large people-carriers/MPVs/minivans, launched as the answer to a family's prayers but now extinct in Europe, probably never to be replaced. They are not alone.
Toyota's Turkish unit saw first-half exports slump by 30 percent as the weaker ruble hit Russia's car market, but the unit's CEO hopes to pare losses via additional domestic sales and by boosting exports to Europe.
Honda added 4.5 million more vehicles to recalls involving Takata airbags. Honda said 1.63 million of the vehicles are in Japan but is still compiling data for other markets. North America is not included in this latest recall, Honda said.
Small SUV sales in Europe's five largest car markets are forecast to nearly double to 931,000 units by 2018, led by fast-rising demand in France, the UK and Italy, according to IHS Automotive, which also sees the segment growing more than 70 percent...
Grupo Antolin's planned purchase of most of Magna's interiors operations and JCI's possible sale of its seating business are just the beginning of the upheaval in the automotive interiors world.
The SMMT has voiced 'considerable concern' over vehicle tax changes announced by the government in its Budget statement.
Wholesale prices of used vehicles in June were up slightly after four consecutive months of decline, the Manheim Used Vehicle Value Index released today shows.
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