China to Build 23.8% of the World’s Automobiles in 2013
6 Jan 2013, 13:19 UTC · By: Andrei Nedelea / The Chinese automotive industry is on a bit of a tour-de-force, at the moment, and with a projected growth of around 10% in 2013, they don’t show any signs of stopping any time soon. Now, a...
Ford F-Series Tops US Sales Charts for 2012
4 Jan 2013, 09:54 UTC · By: Andrei Nedelea / Pickup trucks are still very popular in the US, even though the real need for one should have been slowly diminishing since the late 1960s, as more people moved into the city. However, Americans sti...
Fiat Achieves Best-Ever Sales Year in Brazil in 2012
4 Jan 2013, 08:41 UTC · By: Andrei Nedelea / Fiat’s success in Brazil and Argentina is well-documented and very obvious. They have many specific models, which just work in both of the aforementioned countries, as well as the smaller surr...
Fisker Sues Insurance Company Over the 338 Drowned Karmas
3 Jan 2013, 12:57 UTC · By: Andrei Nedelea / Following the loss of 338 Karmas, which were reportedly in transit through the New Jersey port on the day when Superstorm Sandy struck, the US automaker lost the equivalent of $100 million. However,...
Italian Car Sales Fall 19.9% in 2012 Reaching 30-Year Low
3 Jan 2013, 12:39 UTC · By: Andrei Nedelea / All of Europe’s automotive sector is clearly in big trouble, as the continent’s major automaking nations have reported significant sales and registrations decreases in 2012, compared to ...
New Car Sales in Spain Down 13.2% in 2012
3 Jan 2013, 11:04 UTC · By: Andrei Nedelea / France is not the only developed European country struggling with slow sales of new cars, as Spain is in a very similar situation. The Spaniards have reported a drop of 13.2%, which is only 0.7% bet...
France New Car Sales Drop 13.9% in 2012
3 Jan 2013, 10:43 UTC · By: Andrei Nedelea / The downward trend of the European economy can finally be quantified accurately, as 2012 is now over, by studying the fluctuation (or in this case sheer drop) of new car sales in the Old Continent&r...
Tata Group Plans to Invest Over $8.2 Billion by 2015
3 Jan 2013, 10:04 UTC · By: Andrei Nedelea / The Tata Group, from India, has just announced that they plan on investing the equivalent of $8.2 billion at the current exchange rate, by 2015, according to the company’s new chairman, Cyrus ...
Wanxiang Hopes to Dispel Political Tensions Following A123 Acquisition
28 Dec 2012, 13:03 UTC · By: Andrei Nedelea / The first thing that came to mind, for most Americans, when hearing about the Wanxiang takeover of battery manufacturer A123 Systems, were the many government contracts the company was involved in, ...
Ford to Invest $773 Million in Southeast Michigan Plants
27 Dec 2012, 09:00 UTC · By: Andrei Nedelea / While Ford’s European operation is really shaky, and production is being cut, along with a large percentage of their workforce on the Old Continent, the US side of the business is doing great....
Surprised? Suzuki to Import 2,500 Vehicles to Meet Increased US Demand
21 Dec 2012, 17:16 UTC · By: Andrei Nedelea / Despite filing for bankruptcy in the US last month, Suzuki’s Stateside car sales went up by 22%, in November, when they sold 2,224 units. December will make no exception, as big incentives, ex...
GM to Buy Back $5.5-Billion in Shares from US Treasury
19 Dec 2012, 14:41 UTC · By: Andrei Nedelea / General Motors has just revealed that it will be buying back some 200 million shares from the US Treasury Department. The shares themselves are GM’s very own, and will be bought back at $27.50...
UK - Insurance for Female Drivers May Rise by 24%
19 Dec 2012, 08:47 UTC · By: Andrei Nedelea / Sources suggest that insurance premiums for female drivers in the UK may rise by as much as 24%, as of December 21. Why December 21? Well, it is the day when the EU Gender Directive becomes active. ...
Fiat Committed to Buying Remaining 41.5% of Chrysler
17 Dec 2012, 10:21 UTC · By: Andrei Nedelea / After seeing that Chrysler is actually profitable, and so much so that it is dragging Fiat along for the ride, Sergio Marchionne is now convinced that buying the remaining 41.5% of the Chrysler Grou...
Volvo Receives $1.2-Billion Loan from China Development Bank
14 Dec 2012, 10:27 UTC · By: Andrei Nedelea / Volvo Car Corp. still has its own debts to pay, despite having been bought by Chinese automaker Geely, so they have asked for, and received, a loan of €922-million or $1.2-billion, in order to ...
UK Vehicle Production Output Goes Up in November
14 Dec 2012, 10:07 UTC · By: Andrei Nedelea / The Society of Motor Manufacturers and Traders (SMMT) has announced that the total vehicle production output, in the UK, has gone up by 4.9% in November, while engine production went down by a small...
November Car Sales Go Up 11.52% in China
13 Dec 2012, 12:02 UTC · By: Andrei Nedelea / While many parts of the world are still in a state of recession, car sales in China are going well, and have done so for many months. November makes no exception, as an impressive 1.79 million units...
Renault Sells Remaining 6.5% Stake in Volvo Trucks for €1.48-Billion
13 Dec 2012, 10:58 UTC · By: Andrei Nedelea / Renault has just announced that it has sold off its remaining shares in Volvo Trucks, in order to better fund their international and domestic investments, as well as reducing their debt, which stoo...
Wanxiang Acquisition Makes A123 Lose $116-Million US Grant
12 Dec 2012, 09:55 UTC · By: Andrei Nedelea / The acquisition of bankrupt US battery manufacturer A123 Systems Inc. by Chinese company Wanxiang is not all good news. Apparently, they will be losing a huge amount of money, according to official ...
Fisker Looking for Mainstream Automaker to Share Technology With
11 Dec 2012, 09:26 UTC · By: Andrei Nedelea / Fisker is currently not building any cars, due to a shortage of battery packs, caused by the bankruptcy and the sale of their sole supplier, A123 Systems, which was taken over by Wanxiang, from Chin...