Industry

Qatar still owns 17% of Volkswagen Group

The Porsche-Piech family have regained majority control over Volkswagen Group after buying back 10% of Porsche Automobil Holding SE from Qatar. The acquisition means that the family owns 50.7% of VW shares "All of Porsche SE's common ...

Jaguar alone was up a massive 36%

Jaguar Land Rover had its best May sales ever, and Jaguar is doing especially well. Jaguar Land Rover sold 32,477 cars in May, a 12% improvement. Jaguar sold 6,174 cars, up 36%, and Land Rover sold 26,303 cars, up 8%. For the year from January...

The cars will be made from semi-knocked down kits

Opel has made a deal to produce the Corsa in semi-knocked down kits in Belarus starting in 2014. The cars will be sold in Russia, Belarus and Kazakhstan. British-Belarusian company UNISON will be responsible for the production and handle the ...

It is still struggling in Europe, but Asia has become a major market

Volkswagen Group performed well in May with 816,500 cars sold, up 6.9%. From January to May of this year, it has delivered 3.87 million cars, up 5.9% from the same period last year. Western Europe remains the most uncertain market “Devel...

The factory has a 125,000 vehicle per year capacity

Audi has begun production of the A3 Sedan at its new factory in Györ, Hungary. The factory is Audi's completely new factory in Hungary in 20 years cost €900 million and includes a press shop, body shop, paint shop and assembly line. ...

The biggest harm would come to European luxury makers

China is strengthening threats of instituting higher tariffs on imported cars, specifically those with more than 2.0-liters of displacement. The move could harm European auto makers importing cars into China at the same time as China has been resp...

It has sold 2.41 million cars so far this year

Volkswagen Passenger Cars sold 503,100 cars in May, a 5.5% increase, and it has sold 2.41 million cars from January to May, up 5.3%. Volkswagen Cars delivered 1.07 million cars in the Asian region for the period from January to May, up 17.6%. ...

The judge said GM had the right to block Saab's sale

A US judge has thrown out Spyker's $3 billion lawsuit against General Motors that alleged that GM attempted to bankrupt Saab by blocking its sale to Chinese companies. The judge ruled that GM had the right to block the sale because it would ha...

Qashqai is the brand's most popular car

Nissan has announced its European sales for May, and it sold 51,168 cars in Europe for May and has sold 271,557 cars from January through May.  "May has given Nissan another solid performance across Europe which matched our expectati...

It is the highest since 2002 when 16.5 million cars were made

New forecasts from LMC Automotive and IHS Automotive predict that the US auto industry will have its highest production since 2002 in 2013. Total production is expected to his 16 million vehicles. It is a 500,000-vehicle improvement from last...