Industry

Fiat Will Invest €9 Billion in Italian Auto Manufacturing

Fiat Will Invest €9 Billion in Italian Auto Manufacturing

The main focus will be new Fiat brand models

Fiat Group has announced that it will invest €9 billion ($12.3 billion) in Europe over the next three years to reopen closed factories and build new models. The main focus of the investment will be the Fiat brand, which will get new varia...
09.12.2013 | 2329 views | 0 comments
Audi Exceeds 2012 Sales with One Month Left in Year

Audi Exceeds 2012 Sales with One Month Left in Year

Sales for the year are already up 7.4% for the year

Audi exceeded last year’s total sales in November and will have a record year of sales in 2013. Audi sold 132,050 cars in November, up 6.8% from the previous year. Its top three markets were China with 17.9% growth, the UK with 13.6% growth ...
09.12.2013 | 967 views | 0 comments
Jaguar Land Rover Officially Announces Brazilian Factory

Jaguar Land Rover Officially Announces Brazilian Factory

It will be complete in 2016 and be able to build 24,000 cars

Jaguar Land Rover has officially announced its plans to build a £240m ($392 million or €287 million) factory in Itatiaia, Rio de Janeiro, Brazil. When finished, it will have an initial production capacity of 24,000 vehicles and employ 4...
06.12.2013 | 6097 views | 0 comments
Renault and Dongfeng form $1.3 billion Chinese Joint Venture

Renault and Dongfeng form $1.3 billion Chinese Joint Venture

It will start building cars in China by 2014

Chinese automaker Dongfeng is strengthening its ties to France by forming a $1.3 billion joint venture with Renault. Each side will contribute half of the investment costs. Dongfeng is already partners with PSA Peugeot-Citroën and may buy a s...
05.12.2013 | 6550 views | 0 comments
Chevrolet Will No Longer Offer Mainstream Cars in Europe by 2016

Chevrolet Will No Longer Offer Mainstream Cars in Europe by 2016

Instead, the brand will be for niche vehicles like the Corvette

General Motors has decided to cut back the Chevrolet brand in Europe significantly, and it will no longer offer mainstream cars. Instead, it will become a niche brand in Europe that sells cars like the Corvette. It is also making a major inves...
05.12.2013 | 5877 views | 0 comments
China Becomes Volvo's Largest World Market in November

China Becomes Volvo's Largest World Market in November

Sales in the US continue to fall

Volvo is continuing major Chinese growth with sales now making it the company’s largest single market. For November, Volvo sales rose 5.8% worldwide to 37,945 cars. For the first 11 months of the year, sales are nearly flat with 0.4% growth ...
05.12.2013 | 609 views | 0 comments
Mercedes Sales Boosted by 10.9% in November and 10.7% for the Year

Mercedes Sales Boosted by 10.9% in November and 10.7% for the Year

The compact chassis is selling very well

Mercedes-Benz sold 133,441 cars in November, up 10.9%, and has sold 1,322,500 cars worldwide since the beginning of the year, up 10.7%. The two strongest regions were China with 26.1% growth and the United States, Canada and Mexico region up 13.2%...
05.12.2013 | 627 views | 0 comments
Nissan Sets Sales and Production Records in October

Nissan Sets Sales and Production Records in October

China is a rapidly growing market for the company

Nissan is having a record year and just reported several production and sales records for the month of October. In terms of production, Nissan has an all-time record for October with 465,494 cars built worldwide, an increase of 13.3%. Japanese...
03.12.2013 | 848 views | 0 comments
Euro Automakers Pushing for US/EU Free Trade Deal

Euro Automakers Pushing for US/EU Free Trade Deal

It would allow cars to be built in the US and sold in the EU

Volkswagen is backing a proposed free trade deal between the United States and European Union that could be advantageous to automakers on both sides of the pond. “We would be very happy if the US puts in place some trade agreements that ...
03.12.2013 | 780 views | 0 comments
Sergio Marchionne Prepping 4th Relaunch Plan for Alfa Romeo

Sergio Marchionne Prepping 4th Relaunch Plan for Alfa Romeo

A new, modular platform is being developed for the brand

Fiat CEO Sergio Marchionne will not let Alfa Romeo die. He has unveiled the fourth relaunch plan for Alfa Romeo since he took over Fiat in June 2004. He plans to unveil the full plan in the first quarter of 2014. "We continue to work in a...
02.12.2013 | 4832 views | 0 comments
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