Industry

Official shutdown will be in 2016

Ford has announced that it will no longer build cars in Australia in 2016. It began produced Model Ts there in 1925. The company cites high production costs and falling sales as the reason for the pull out. The official end is scheduled for Octobe...

Seat is the ninth largest brand in Mexico

Seat will introduce the Leon to Mexico in June. Mexico is a market of growing importance for Seat. It is the brand's sixth highest sales market, and it has the ninth highest sales of any brand in Mexico. It has grown 60% in the last two years ...

The company is seeking better taxes in other countries

Italy's Industry Minister Flavio Zanonato will meet with Sergio Marchionne next week to ensure that Fiat Industrial will not be moving production outside the country. The company is considering moving its headquarters to the UK because of...

Alleged fraud occurred between 2010 and 2011

Three former Saab executives, CEO Jan-Aake Jonsson, Chief Financial Officer Karl-Gustav Lindstroem and general counsel Kristina Geers have been arrested by Swedish police for alleged tax fraud as part of their role with Saab between...

It sells six models in China

Peugeot and its Chinese joint venture partner Dongfeng sold 45,303 cars in April, a 37% increase over the previous April. Sales for the first four months of the year are up 32% to 187,978 cars for Peugeot-Dongfeng in China. The sales have beat the...

Imported brands have increased their sales by 40%

The South Korean auto market is changing rapidly with imported auto sales increasing from 28% to 41% of the market in the past two years. The sales surge is caused by lower tariffs on imported cars that often make foreign luxury brands cheaper tha...

Premium-priced cars mean higher profit margins

Audi has a plan to increase sales that will make driving enthusiasts in much of the world very happy. Its plan is to focus on performance-oriented models in the near future, especially in North America. Even if the cars, like the A3 sedan, are...

First time ever European-built Toyota cars have been exported to North America

Toyota will begin exporting French-built Yaris cars to North America for the first times in the brand's history. The Yaris models in North America had previously been built in Japan. The move to European accomplishes two things. First, it ...

Euro-wide sales tick up 1.7% in April

The European Automobile Manufacturers Association (ACEA) reports that auto sales in the European Union increased by 1.7% in April compared to April 2012. It is the first time in 19 months that there has been any increase in European auto sales. Th...

Will be able to build 300,000 cars when complete

Volkswagen has broken ground on a new factory in Changsha, China, in the south-central portion of the country that will be able to build 300,000 cars a year when it is finished. It will be operated with joint venture partner Shanghai. "We...