Industry

Success propelled by CX-5 and new Mazda 6

Mazda is anticipating a very good year in Europe for 2013. In fact, it is predicting its first profitable year in the last five years in Europe. It is predicting a €250 million profit for the year. The turnaround is mostly due to attractive n...

Beats General Motors and Volkswagen Group

Toyota has retaken the crown as world leader in auto sales. It sold 9.75 million cars in 2012, a 23% improvement over the previous year. These figures include its subsidiaries Hino Motors and Diahatsu Motors. That beats the 9.29 million cars sold ...

Will be restructured to build new Jeep

Fiat's union has agreed to accept temporary layoffs from two production lines at its Melfi factory to allow it to reconfigure to produce the Fiat 500X and a shared Jeep platform in 2014. Fiat estimates it will cost €1 billion ($1.34 billi...

Each will be responsible for separate vehicle that will be shared

GM and PSA Peugeot-Citroën have released more details about their vehicle co-development joint venture that they announced on December 20. In a deal quite different from most automotive joint ventures, each company will separately development...

May close Bochum factory early if deal is not reached

GM says that if it cannot make a deal with Opel's German labor union by the end of February, it will close its Bochum factory on January 1, 2015, and end Zafira production a year early. The Bochum factory was originally scheduled to close in 2...

Board set to vote on a new chairman in June

Toyota will vote on a new chairman of the board in June, and Takeshi Uchiyamada, the project leader of the Prius in the late 90s, is the leading candidate for the position. This report comes from the Nikkei, Japanese business newspaper. ...

Hoping that Chinese sales can jumpstart company

FIsker is hoping that Chinese investment and selling cars to China will save the company from death. The company sold 2,000 cars in 2012, but not a single Fisker has been built for the past six months because its battery supplier has gone bankrupt...

Claims it would allow company to break even

Renault wants to cut 7,500 jobs from its French factories by 2016 to help the company break even. Most of the cuts will come simply by not replacing retiring workers, but Renault believes that about 1,900 of the jobs will come from cuts to current...

Sales Down in every month of the year

The European Automobile Manufacturers Association (ACEA) has released its monthly report on European Union auto sales and included sales for the entire year. There is really no good news, unfortunately.  Sales have been down every mo...

Sets a sales record for the second year in a row

Volkswagen has had a second year of record sales with an 11.2% increase in sales to 9.07 million cars sold in 2012.  “The Volkswagen Group developed extremely well in difficult conditions. 2012 was the best sales year ever. This is ...