Industry

Volkswagen falls 30 places compared to last year

Ten automakers made the ranking of Boston Consulting Group's 2012 list of 50 Most Innovative Companies, and Hyundai led the rankings. Perhaps most surprisingly Volkswagen fell 30 places from 15th in 2010 to 45th in 2012, and it was the lowest ...

Nissan-Renault's success bringing competition

Success often breeds competition. Renault-Nissan's  Dacia had its sales increase 4.8% to 359,822 units and that was despite that the European auto market fell 8.6% for the year. Nissan will launch a rebirth of the Datsun brand later ...

January sales up 21.6% and new Pickup planned for Chicago

Toyota is expecting to have a very good year in the United States in 2013. Sales are up, and it has new cars planned.  Toyota says that January sales jumped 21.6% to 157,725 cars. Of those, 141,514 cars were Toyotas, which represented a 2...

Sales down in Europe and China

Renault-Nissan Alliance sales hit a record 8,101,310 vehicles in 2012, a 1% increase over 2011. It was the fourth consecutive year of increased sales. Most of the growth came from North America, but sales fell in Europe and China.  Renaul...

Saves company from shutting down

Geely will purchase Manganese Bronze Holding, makers of London Taxi Company TX4 black cabs, for £11.04 million (€12.8 million or $17.3 million). The company already owned 20% of the company.  Under the purchase, Geely...

First foreign automaker to buy into China

Daimler has bought a 12% stake in Chinese automaker Beijing Automotive Group (BAIC), which makes it the first foreign automaker to buy a stake in a Chinese automaker. The deal will also give Daimler two seats on BAIC's Board of Directors. Beca...

Sales will begin in select markets in 2014

Nissan revealed the logo for the new Datsun brand today and announced that the first cars would go on sale in India, Indonesia and Russia in 2014. The cars will be revealed in mid-2013. Datsun's strategy and creative operations will be run...

Chrysler vehicles refreshed over next two years

Chrysler had a very good year in 2012, according to its annual financial announcement. Sales were up 21% in the US, and its brands now control 11.2% of the US vehicle market. Its operating profit was up 47% to $2.9 billion (€2.1 billion). Rea...

Most sales coming from Germany

The Opel Adam is proving very popular from preorders and has had over 20,000 orders with most of those coming from Germany.  The Adam's major selling point is its accessories. The car is based on the Corsa platform but offers 61,000 e...

Strongest fourth quarter in over a decade

Ford had its best fourth quarter of sales in over a decade in 2012, but it was not enough to offset a year with lower profits and revenue. Ford suffered major losses in Europe and losses in other markets as well. However, vehicle sales were actual...