Industry

It is the first time ever that it has achieved that milestone

Volkswagen Group sold over 6 million cars in the first eight months of the year for the first time ever. Deliveries were 6.17 million cars for the period from January to August, up 4.5% since the same period last time. For August, Volkswagen Group...

The company believes that net income will be up for the year

Mitsubishi Motors is hoping to raise $2 billion by offering new shares of the company on the Japanese stock exchange in the first quarter of 2014. Mitsubishi is hoping to reorganize the company after Mitsubishi Financial, Mitsubishi Heavy Indu...

It is still awaiting a reply

The group of German investors that are attempting to buy Fisker from the US Department of Energy have submitted a bid and is waiting to hear back on the results. "I am proud to tell you that we just sent our detailed offer including a sig...

It may increase the company's cost for Fiat to buy it.

Chrysler says that it plans to file an initial public stock offering this week in the United States. The IPO may raise the company’s price and make it more expensive for Fiat to buy the remaining stock in the company. Over 90% of Chrysle...

Hybrid 911 is a generation away

Porsche has been growing gradually since the introduction of the Cayenne several years ago, but it seems that the purchase by Volkswagen has sped up growth even further, especially in Chinese sales. In addition to working on a new four-cylinder bo...

The design will be a new interpretation of the Kodo design language

Mazda has been quite successful with is CX-5 crossover, and it is planning to expand, according to company president Takashi Yamanouchi, with two new crossovers by 2016. One will be a full-size SUV and the other will be a more compact crossover. ...

They may co-develop another platform together

Renault-Nissan and Daimler have been collaborating since 2010, but an announcement at the Frankfurt Motor Show from Renault-Nissan CEO Carlos Ghosn indicates that it is advancing in a major, global way. “While our initial collaboration f...

Worlwide sales for the first eight months are also at record levels

BMW Group is on track to have its best sales year ever and set sales records in August and in the first eight months of the year. It sold 139,648 cars in August, a 14.8% increase over August 2012, and has sold 1,246,528 cars from January through A...

Sales for the year through August up 16%

Jaguar Land Rover had record sales in August of 27,852 cars, up 28% from the previous August. Jaguar sales were 5,405 cars for August, up 92%, and Land Rover sales were 22,447 cars in August, up 18%. Regionally for August, sales in Asia were u...

Sales for the year are up 3.1%

Volkswagen Cars sales fell 1.0% in August to 466,300 cars, but from January to August sales are up 3.1% to 3.84 million cars. “The Volkswagen Passenger Cars brand is not immune to the effects of the ongoing very challenging situation on ...