Auto News 5

Porsche delivered 18,699 new cars worldwide last month, an increase of 18% year on year. Year to date sales rose 27% to a record 191,784 units in the first 10 months of the year. The full year 2014 tally was 189,849.

Skoda sales dipped 2.7% year on year to 88,500 vehicles worldwide. Though deliveries were slightly down on the previous year in western Europe, Russia and eastern Europe, individial models such as the Fabia (+44.1%) and the Superb (+22.8%) saw volume rises.

News 10 Nov, 2015

German car maker poised to go into production with a new dynamic & efficient hydrogen-powered car

Porsche SE, Volkswagen Group's majority shareholder, said nine-month net profit plunged by more than half on costs associated with VW's diesel emissions scandal.

News 10 Nov, 2015

Fiat's upcoming commercial pick-up truck, called the Fullback, is based on the Mitsubshi L200

New car sales in Australia were strong again last month, with volume up 3.4% year on year to 94,321 new passenger cars, SUVs and commercial vehicles.

A year on year increase of 5% last month took New Zealand sales to a record October tally of 12,684 units. Year to date sales rose 5.5% to 112,217 new vehicles.

The board of directors of Scania has appointed Henrik Henriksson as the new president and CEO of Scania. He will take up his position on 1 January 2016 and succeeds Per Hallberg. Henriksson will from the same date become a member of the Volkswagen Truck & Bus Management Board (Truck Board).

Effective 1 December, Olaf Kastner will take over as head of the BMW Group's China sales region from Karsten Engel, who will be returning to Germany. Kastner was previously head of the BMW Brilliance Automotive joint venture, which produces and markets vehicles in China for the BMW Group and its Chinese partner, Brilliance China Auto. Anton Heiss will assume the president and CEO of BMW Brilliance Automotive. Heiss currently manages the joint venture's production sites in Shenyang and will continue this role for the time being in addition to his new position.

New vehicle sales in the Philippines rose by 28% to a new monthly high of 28,667 units in October, from 22,278 units in the same month of last year, according to data released jointly by the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and Truck Manufacturers Association (TMA). The associations' data does not include sales of some key importers, including Hyundai, Chevrolet and Subaru, which together typically account for around 15% of the total market.

PSA Peugeot Citroën says that an additional half-shift at its Sochaux plant will create 300 new temporary positions.

Porsche Cars Canada has broken ground on the site that will host a new Toronto dealership and the future corporate headquarters for the brand in Canada. The site on the northeast corner of highways 401 and 404 will provide high visibility on a transport corridor where approximately 600,000 vehicles pass daily.

Vietnam's new vehicle market continued to expand rapidly in October, with deliveries to dealers rising by 44% to 19,181 units from 13,324 units a year earlier according to data released by the Vietnam Automotive Manufacturers Association.

The UK commercial vehicle market remained steady in October, with a 2.9% decline in registrations to 33,999 units. This reflected a return to business as usual following exceptional demand in the same month last year that was driven by impending regulatory changes. Figures for the year to date show overall growth of 16.7% compared with 2014, with a total of 355,301 vehicles registered.

France is close to reducing its stake in Renault back to 15 percent and wants the governance structure in its alliance with Nissan to remain unchanged, Economy Minister Emmanuel Macron said.

Aston Martin plans to reach a decision before Christmas on the location of a new factory that will manufacture its new crossover.

Panasonic says it will begin manufacturing a new diesel exhaust filter for the Chinese market in anticipation of tougher emissions rules in the world's largest vehicle market.

Volkswagen's credit rating has been downgraded by Fitch Ratings to BBB+, from A. Fitch has also given the car maker a negative outlook. The downgrade comes as VW Group struggles under the weight of its diesel emissions crisis and its associated costs.

Volkswagen Group says that its CEO Matthias Müller and the Chairman of the Group Works Council Bernd Osterloh, have agreed on the "further procedure for investment and capacity planning".

Volkswagen has been given 10 days by European regulators to supply details of CO2 emissions irregularities in 800,000 cars sold in Europe, the Wall Street Journal reported.