Industry

They are hoping to increase sales outside of Europe to offset the sales drop

Peugeot and Citroën have released their financial results for the first half of 2013, and both of them are doing poorly in Europe but are having sales growth in China. Peugeot is doing especially poorly with sales down 15.4%. Even Citroë...

The new cars are due in 2016

Caterham and Renault are expanding their joint venture that will create a new Alpine sports car in 2014. Caterham owner Tony Fernandes says that it and Renault have agreed to develop new SUV and subcompact as Caterham and Renault Alpine models by ...

It now controls 68.49% of Chrysler shares

Fiat has exercised its options to buy 3.3% more of Chrysler and now owns 68.49% of the company's stock. Fiat's goal is to eventually own all of the American auto company. It purchased the stock from VEBA, the trust that runs the medical be...

Renault-Nissan will use the Russian factories to build its cars.

Renault-Nissan Alliance CEO Carlos Ghosn has been elected chairman of Alliance-owned Russian automaker AvtoVAZ. Renault-Nissan bought a controlling stake in AvtoVAZ last year and will increase ownership to 74.5% by mid-2014. It first purchased 25%...

It has identified three automakers for possible purchase

Beijing Automotive Group says that it is evaluating three European automakers for a possible takeover with the help of investment banks. It has not named the companies beyond saying that they are three medium-sized European automakers with good br...

With super credits, actual CO2 limit is around 97.5g/km of CO2

The European Union has reached a compromise on CO2 emissions for 2020, and now it must be ratified by the member states. The compromise sets an automotive emissions average of 95g/km of CO2 for 2020 but allows automakers to earn more CO2 supercred...

Ford is aiming to have a 6% Chinese marketshare by 2015

Ford CEO Alan Mullay believes that China will eventually become an international automotive export hub, once automakers have met local demand. "I think it's just a matter of time. Over time, all of our facilities are positioned so we ...

Automakers are either closing factories or moving production

The analysts at IHS Automotive are predicting that European auto factories will run at under capacity for at least the next three years. To cope, automakers will have to either close factories or move more production to Europe to take up the unuse...

Jaguar is developing an entry-level luxury sedan

Jaguar Land Rover has set a goal of selling 1 million cars annually, but it knows that it may take a decade to get there. Its shorter-term goal is to sell 750,000 cars a year by 2020. In 2012, Jaguar Land Rover sold 357,773 cars worldwide. It has ...

Just over one million cars were sold in the month

After one month of hope that things might be improving with sales increasing in April, this month's report from the European Automotive Manufacturers' Association shows that the European auto industry fell even further in May with sales of...