Industry

Already Planning Brazilian Factory

German magazine Der Spiegel is reporting that Daimler is investigating whether it should build a factory in Brazil where it could move next-generation C-Class production that would supply the Americas. The decision stems from the rising taxes...

Sales in China are growing rapidly

Volvo is finally breaking into the Chinese market. For July, sales there were up 61.6% to 4,640 cars, compared to this year where Volvo is up 37.5% in China. Worldwide, Volvo sales were up 14% to 33,650 cars. From January to July, Volvo sales are ...

Tim Lee will become head of GM China

General Motors has hired former Volvo CEO Stefan Jacoby as the head of International Operations. His job will be to lead GM's business in Africa, Asia, Europe and the Middle East. Tim Lee, the former head of GM International Operations, will b...

Germany up 2%, and France and Spain were also up

July might be the first sign that the European car industry is rebounding. Sales in Germany increased by 2% in July, and Opel and Mercedes-Benz had sales increase. French sales increased by 1%; it is the first time that the market has posted any g...

Vehicle deliveries are up 6% for the quarter and year

BMW Group is doing quite well according to its second quarter and first half financial report. Sales were up 6% for the year, and net profit was up 9% for the quarter. "The BMW Group achieved a strong second quarter performance despite th...

It covers 41.5% of the remaining shares

Delaware Judge Donald Parsons has ruled that Fiat cannot set a price of $139.7 million for each 54,000 shares of Chrysler, but he also did not agree with the United Auto Workers' valuation of the stock. The ruling means that Fiat and the U...

The European market continues to fall, and it is hurting the company.

Volkswagen Group has increasing sales but falling profits through the first half of this year. Its operating profit was €5.8 billion, down from €6.5 billion in the first half of 2012. However, unit sales hit 4.8 million cars, up 5.4...

Both companies have increased net income for the quarter

Fiat Group and Chrysler had a strong second quarter with increases in unit sales, revenue and net income.  Fiat Group as a whole sold 1,155,000 cars worldwide in the second quarter of 2013, 53,000 more cars than in Q2 2012. It had net rev...

There is still another half of the year to go

General Motors has retaken the title as the world's largest automaker through the second quarter of 2013, and Toyota has slipped to second place. It is the first time in six quarters that Toyota has lost its top position, and it is mostly attr...

All but one European automaker on the list had falling sales.

Volkswagen had the highest sales in Europe in the first half of the year with over 50% higher sales than its nearest competitor. However of the ten brands on the list, only one has had growing sales in the first half of the year. Jato Dynamics...