Industry

Volkswagen overtook Toyota as the best-selling car company in the world in 2016

The Volkswagen Group has reached the world's top carmaker position in 2016 selling over 10.3 million cars around the globe. Despite the “Dieselgate” scandal the German company, which also includes its Audi, Seat, Skoda and Porsche ...

New architecture will help Toyota significantly reduce development costs

Toyota is revealing a new global platform which the brand expects will be used in 50% of its models by 2020. The new TNGA platform is expected to "greatly improve vehicle performance and product appeal" and also cut manufacturing costs a...

Partnership between the two companies will be low-profile

New details about the partnership between Mercedes-Benz and Aston Martin have been revealed by the German company's President and CEO Dieter Zetsche. The two companies have agreed that their involvment will be subtle and low key. One thing...

Chrysler is now a wholly owned subsidiary of Fiat

It took about five years, but after years of negotiations and at least one court case, Chrysler is officially a wholly owned subsidiary of Fiat. The purchase became official on January 21 when Chrysler paid $1.9 billion to the VEBA Trust and Fiat ...

Dacia Grew by 19.3% Worldwide Thanks to the Duster

European automakers have been facing hard times in the last few years, but it appears that the worst of the crisis is over. Renault is reporting its 2013 sales and says that globally its sales rose 3.1% to 2,628,208 cars and light commercial vehic...

The Peugeot family would lose its controlling stake in the company

The supervisory board of PSA Peugeot-Citroën has agreed to raise $4.1 billion (3 billion euros) by selling shares to Chinese automaker Dongfeng Motor and the French government. The move is meant to save the company from bankruptcy and strengt...

It is GM's second largest brand

Opel/Vauxhall shifted 1,063,979 cars in 2013, a 0.4% decrease in sales. However, market share grew to 5.61%, a 0.02% increase, but the first year-on-year increase in 14 years. It also became General Motors’ second largest brand and the third...

It is the fourth straight month of industry growth

The European Automobile Manufactures’ Association has released its monthly EU27 sales report and for the fourth straight month sales have increased. It is a good indicator that the worst of the recession may be over. There were 906,294 cars ...

Sales were up 4% worldwide and down only 0.4% in Europe

General Motors held its title as one of the world’s largest automakers with 9,714,652 cars sold worldwide in 2013, up 4% over 2012. It set a new sales record in China with sales up 11% to 3,160,374 cars. GM shifted 3,234,275 cars in Nort...

Its cars received 195 awards in 2013 alone

Jaguar Land Rover had its best year of sales ever with 425,006 cars sold in 2013, up 19%. It set new sales records in Russia, Brazil, Korea and Canada. Jaguar sold 76,668, up 42%, its best year since 2005. Land Rover sold 348,338 cars, up 15%. JLR...