Industry

Fiat Buys Remaining Chrysler Shares for $4.35 Billion

Fiat Buys Remaining Chrysler Shares for $4.35 Billion

The deal is expected to be finalized by January 20

Fiat is celebrating a very happy new year with its announcement that it has signed a memorandum of understanding to buy the remaining shares of Chrysler from the United Auto Workers’ VEBA healthcare pension. In exchange for the shares Fiat w...
02.01.2014 | 4703 views | 0 comments
Volkswagen Group Has Increased Its Workforce by 76% Since 2007

Volkswagen Group Has Increased Its Workforce by 76% Since 2007

It is hoping to add more young apprentices in the future

At the end of the year, Volkswagen Group is celebrating that it has created 248,000 jobs, a 76% increase, since 2007, including 123,000 direct jobs with Volkswagen Group and 125,000 jobs with suppliers. The group employs 573,000 people worldwide, ...
30.12.2013 | 5927 views | 0 comments
Mercedes Will Sell Cars Online in 2014 and Relaunch Smart Brand

Mercedes Will Sell Cars Online in 2014 and Relaunch Smart Brand

It is hoping for a fourth year of growing sales

After a third consecutive year of record sales, Mercedes-Benz is prepping for 2014 with plans to introduce new vehicles and revolutionize the way cars are sold in Europe. Mercedes says that it will begin selling some of its cars online directl...
30.12.2013 | 1451 views | 0 comments
Volkswagen Regains Title as Largest Automaker in China

Volkswagen Regains Title as Largest Automaker in China

General Motors falls to second place

Volkswagen Group will beat General Motors in sales in China for the first time in nine years, and it will make it China’s largest automaker. Both of them have sold over 3 million cars in China in 2013, but Volkswagen’s sales are about ...
27.12.2013 | 6199 views | 0 comments
Daimler Given 5% of Aston Martin to Supply Engines

Daimler Given 5% of Aston Martin to Supply Engines

It will also supply electrical equipment

Aston Martin has signed a deal where it will give a 5% stake to Daimler in return for Daimler supplying engines, electric components and electronic parts to Aston Martin. All of the parts will be sourced from AMG. The deal says that AMG and As...
19.12.2013 | 754 views | 0 comments
Fiat Launching Car Sharing Service in Milan

Fiat Launching Car Sharing Service in Milan

It will use the 500 and 500L

Fiat is launching a fleet of red 500 and 500L models as part of its new Enjoy car sharing service that will launch first in Milan in a few days. It will be operated by Fiat and the Eni oil company. The service will offer 300 Fiat 500 cars when...
18.12.2013 | 5238 views | 0 comments
Aston Martin Launching Its First Official Dealer in Mexico in 2014

Aston Martin Launching Its First Official Dealer in Mexico in 2014

It will be located in Mexico City

Aston Martin will add its first dedicated showroom in Mexico City in 2014 to mark its official entry into the market. The dealer will cover 4,500 square feet (418 square meters) and be able to hold six cars at a time, plus a customer reception...
18.12.2013 | 6102 views | 0 comments
Audi Reaches 2015 Sales Goal Two Years Ahead of Schedule

Audi Reaches 2015 Sales Goal Two Years Ahead of Schedule

It delivered its 1.5 millionth car this year at a ceremony in Ingolstadt

Not to be outdone by Mercedes reaching its own production record for the third consecutive year, Audi has announced that it sold its 1.5 millionth car this year, 10,000 more than Mercedes. It also means that Audi has met its 2015 sales goal two ye...
17.12.2013 | 659 views | 0 comments
Mercedes Sets Production Record for the Third Consecutive Year

Mercedes Sets Production Record for the Third Consecutive Year

It built around 1.49 million cars this year

Mercedes-Benz Cars has reached a new production record for a calendar year with 1.49 million vehicles built in 2013, and there are still a few weeks of production left. It is the third consecutive year that Mercedes has set a new production record...
17.12.2013 | 808 views | 0 comments
Renault Forms Chinese Joint Venture Partnership with Dongfeng

Renault Forms Chinese Joint Venture Partnership with Dongfeng

The first locally produced vehicles will come in 2016

Renault has signed a €870 million joint venture partnership with Chinese automaker Dongfeng. The deal will including building a new factory in Wuhan, China, with an initial capacity of 150,000 vehicles a year, and the first vehicles are due t...
16.12.2013 | 7434 views | 0 comments
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