Industry

Vehicle deliveries up by 6.8%

Audi has released its quarterly financial report, and while deliveries were up 6.8% to 369,494 cars from January to March, revenue and operating profit fell. Audi had total revenue of €11.734 billion in the first quarter compared to ...

Jeep Cherokee will also be built there

Chrysler has announced that it is investing $19.6 million into its Toledo, Ohio, factory to build parts for its new nine-speed automatic transmission. The new transmission will debut in the new Jeep Cherokee that will also be built at the Toledo f...

Operating Income up 135% for the fiscal year

Honda has released its financial results for the first quarter of 2013 and for the fiscal year from April 2012 to March 2013, and it is quite the financial success story. For the first quarter of the year operating income was up 21.4% to $1.4 bill...

It estimates 82,000 will be built per year

Renault has announced that production of the next generation Nissan Micra will begin at the Flins factory near Paris in 2016. Renault estimates production will be around 82,000 cars a year.  The decision comes after Renault made a deal wi...

Sales are also up 5.1%

In Volkswagen's quarterly financial report it revealed that revenue, profit and profit after tax had all fallen in the first three months of the year compared to last year. However, unit deliveries were up. It an expecting that by the end of t...

Strong first quarter sales push target increase

PSA Peugeot-Citroën has increased its sales target for China from 500,000 to 557,000 cars this year due to strong sales in China in the first quarter. PSA sales in China were up 31% to 142,000 cars in the first quarter of 2013. Last year it s...

Renault has already built two factories with more likely coming

Morocco is aiming to become the automotive hub of North Africa by adding factories from Renault to build Renault and Dacia models for the region. There are currently two Renault factories in the country - one in Casablanca and one in Tangiers, whi...

Does not meet the needs to rising number of car buyers

In 2009, Tata introduced the Nano to the Indian market and sold it as the world's cheapest new car. It started at the equivalent of $2,000 and was the most basic transportation that could still be called a car. Tata predicted the Nano would be...

Bochum union refused pay freeze and 61% layoff in 3 years

Opel's board has approved the manager's decisions to stop production at the Bochum factory in late 2014. The decision stems from the Bochum plant's labor union refusing to accept a deal that would have freezed wages and laid off 61% of...

Brand will launch in 2014 using BMW platforms

As rumored two weeks ago, BMW and Brilliance are launching a new brand in China specifically for EVs. They are calling the brand Zinoro, and it will use BMW platforms when it launches in 2014. The first cars will be shown near the end of 2013.&nbs...