India, Third Largest Automotive Market by 2020, Study Says
15 Jun 2011, 08:59 UTC · By: Alina Dumitrache / Currently ranked as sixth largest automotive market in the world, India seems to be on the right track to climb some further three spots in the coming years. In fact, the country is expected to reac...
Volkswagen Plans Market Revival in the U.S.
6 Apr 2011, 08:13 UTC · By: Cosmin Voicu / In recent years, the U.S. automotive market is in a free fall due to the lack of car sales. The situation is so bad mostly because the vast majority of dealerships countrywide could no longer remain...
Skoda Posts Succesful Q1 Results
30 Apr 2010, 10:39 UTC · By: Andrei Tutu / Skoda, the Czech brand in the Volkswagen Group’s portfolio, has registered a successful first quarter, as the company has seen its deliveries increase by 25 percent (year to year) to 178,900 u...
Michelin Profit Down 71% in 2009
12 Feb 2010, 13:28 UTC · By: Andrei Tutu / Michelin, the world’s second largest tiremaker, announced that its profit decreased by 71 percent in 2009 as a result of falling sales and increasing reorganization costs. The company&rsquo...
Nissan Preparing Renault Entry on the Chinese Market
11 Feb 2010, 11:22 UTC · By: Andrei Tutu / Nissan is smoothing the path for Renault’s entry on the Chinese market, as Dow Jones reports, citing Renault-Nissan CEO Carlos Ghosn. "When the decision will be taken by us to go to Ch...
Russian Automotive Market Contracted by 50 % in 2009
8 Feb 2010, 15:07 UTC · By: Andrei Tutu / Russia’s automotive market has contracted by almost 50 percent in 2009, only managing to total 1.36 million units, as the Jato Dynamics market analysis company informs us. The Russian autom...
Chinese Automotive Market Registers Massive Growth in January
8 Feb 2010, 07:24 UTC · By: Andrei Tutu / The Chinese automotive market registered a massive growth in January 2010, with sales rising 84 percent compared to January 2009, as China Passenger Car Association via Xinhua reports. 1,218,722 ...
China Is the World's Biggest Car Producing Country
3 Feb 2010, 08:51 UTC · By: Andrei Tutu / China is now the world’s largest car manufacturer, based on the 2009 figures, surpassing the U.S. and Japan, as China Business News reports. Last year, China’s domestic car production...
Panasonic India to Step into the Auto Sector
20 Jan 2010, 14:54 UTC · By: Andrei Tutu / The well known Japanese electronics producer Panasonic’s Indian arm, Panasonic India revealed its intentions to enter the country’s automotive market by 2012. The company said that it...
GM India Increases Production and Sets Target for Exports
15 Jan 2010, 11:59 UTC · By: Andrei Tutu / General Motors India is planning to increase its annual production figure to 200,000 units by 2013 and want to export a part of it to the European and Asia Pacific markets, as The Financial Express ...
Renault Group’s 2009 Financial Results
14 Jan 2010, 10:04 UTC · By: Andrei Tutu / The Renault Group has released its 2009 global sales results today. The company now has an overall (passenger cars & light commercial vehicles) market share of 3.7%, representing a slight 0.1 pe...
Taiwan Carmaker Yulon Eager to Cut Spendings by 30% in 2010
22 Dec 2009, 14:40 UTC · By: Andrei Tutu / Taiwan’s largest automotive producer, Yulon Group, has recently decided to reduce its expenses by 20% to 30% in 2010. The decision comes in the context of an economic forecast stating that th...
China Becomes World’s No. 1 Auto Market, U.S. surpassed
11 Dec 2009, 10:36 UTC · By: Andrei Tutu / China is now the biggest automotive market on the globe, leaving U.S. in second place for the first time in history, according to the Associated Press. So far this year, automotive sales in China...