Russia's Association of European Businesses (AEB), says July sales of new cars and light commercial vehicles dropped 22.9%, noting the overall trend is "worrisome."
News
11 Aug, 2014
Track-ready 650S has stripped-out cabin, trick chassis tech and more downforce but sadly isn’t legal for street use
Prestolite E-Propulsion Systems (PEPS), a 50/50 joint-venture between Prestolite Electric Beijing and TM4, has secured what it refers to as "a multi-million dollar order" from Foton, one of China's largest bus manufacturers, for more than 200 SUMO HD electric powertrains.
Ford sales in China jumped 25% in July to 90,775 taking year so for sales to 640,031, and increase of 33% on last year.
Strong sales and an increased first quarter profit at Jaguar Land Rover have once again boosted the figures of Indian owner Tata Motors.
Car sales in Western Europe grew by 5% in July according to data released by LMC Automotive. The most recent month's result indicates that the recovery remains on track. The Seasonally Adjusted Annualised Rate (SAAR) of sales stood at 12.2m units a year, similar to the previous month.
The appointment of a non-GM person reflects the way the US giant is moving as is the way it has dealt with the recall crisis in the US.
News
12 Aug, 2014
Lighter, more spacious platform set for new Volvo SUV
Chancellor Angela Merkel's government is looking for ways to encourage electric bikes to replace trucks for local freight shipments in Germany. BMW and Daimler's subsidiary, Smart, already offer e-bikes.
Fiat plans to launch its Maserati brand in India, The Economic Times said citing a source.
Car sales in India grew for the third successive month in July, raising hopes of gradual recovery for the industry following elections earlier this year.
PKC Group says second quarter revenue declined 12.3% to EUR206.2m (US$276m).
China Automotive Systems (CAAS), a power steering components and systems supplier in China, has announced that it has entered into a Stock Exchange Agreement to acquire the remaining 20.0% minority interest in Jingzhou Henglong Automotive Parts Co., Ltd. ("Jingzhou Henglong"), and the remaining 19.0% minority interest in Shashi Jiulong Power Steering Gear Co., Ltd. ("Shashi Jiulong"), from Jiulong Machinery Electricity Manufacturing Co., Ltd. ("Jiulong Machinery Electricity").
Magna has posted second quarter net income up 22% to US$510m with sales of US$9.46bn, an increase of 6% compared to last year.
New vehicle sales in China increased by 6.7% to 1.62 million units in July, from strong year-earlier volumes of 15.2 million units, according to the China Association of Automobile Manufacturers (CAAM).
News
11 Aug, 2014
Range Rover with chassis number 001 estimated to sell for £140,000 when sold at auction
News
12 Aug, 2014
The Alfa Romeo Montreal makes our list of readers’ 10 Most Wanted Cars. Here’s how it could look…
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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