Industry

They are worried about currency fluctuations with the Euro

Volkswagen, Mercedes and BMW are committing around $25 billion to expand out of Europe over the next four years to avoid currency fluctuations with the Euro.  BMW will build the X4 at its factory in South Carolina and already builds the X...

Revival of the affordable European sports car niche

Renault says that is keeping an eye on whether the Alfa Romeo 4C is a success to gauge possible sales for its upcoming Alpine in 2016. If they are successes, then Renault predicts that it could be the rebirth of the affordable European sports cars...

Cadillac sales up by 50% last year

The Cadillac ATS has barely been on sale a year, and it is already partially responsible for Cadillac sales increasing 49%. Even better, the new buyers are younger than the senior buyers Cadillac had cultivated in recent years, which helps secure ...

CEO says robust production system has led to success

BMW's CEO Norbert Reithofer says that the company's continuing success in Europe is to due its robust and adaptable production system that allows it to react quickly to market changes.  "Instead of making forecasts that don&#...

Moving cars upmarket has been a success

Yesterday we reported on Renault Chief Operating Officer Carlos Tavares counter intuitive plan to reduce production and increase prices to save the company. It appears that Peugeot Managing Director Maxime Picat is following the same line of thoug...

The UK is still the largest buyer of its models

Jaguar Land Rover had an extremely good quarter and March sales, and Land Rover had its strongest first quarter sales in its history.  The company sold 53,772, up 16%, combined cars in March and 115,504 cars, up 17%, for the first quarte...

Rolls-Royce and Mini sales down for the year so far

BMW Group has set a record for sales in March, but for the year so far things are not quite as positive. BMW Group sold 191,169 cars in March, 3% better than last year. Sales for the first three months are up 5.3% to 448,200 cars. However, Mini an...

Actually plans to increase vehicle cost

Renault's Chief Operating Officer Carlos Tavares has an audacious plan to increase profitability at Renault. He disclosed plans to reduce production and increase prices to save the company in an interview with Automotive News Europe. Last year...

General Motors Europe and Ford Lose Money on Their Cars

A study by the CAR Center at Duisburg-Essen University shows that Porsche was the most profitable automaker in the world in 2012 with an average of a €17,056 ($22,160) for each car sold before taxes or interest. "Porsche's p...

Sales especially strong in the UK

Ford plans to increase production of its Kuga compact crossover by 10% to around 100,000 units this year. It says that the Kuga has had growing demand, especially in the UK.  The Kuga has proven popular because of its high-end technology ...