Industry

Partnership and diversification is the answer

Peugeot sales dropped 19.6% in 2012, and Fiat and Opel have not announced their financial results for 2012 yet but are expected to be similarly down. The problem is European auto sales are not forecasted to rebound until 2015, and it could be even...

Full deliveries will begin in February

SRT has delivered its first new Viper on January 10 at the factory in Detroit. Chrysler Chairman Sergio Marchionne and SRT President Ralph Gilles presented the car to Scott Thomas who won the auction for the car at the Barrett-Jackson Or...

All brands post sales increases

BMW Group has posted its best year of sales ever in 2012 with 1,845,186 BMW, Mini and Rolls-Royce cars sold, which is 10.6% better than in 2011.  “2012 was a very successful year for us. The BMW Group achieved its best ever sal...

French newspaper says sales is possibility

Opel disputes a report in the French newspaper Le Monde indicating that PSA Peugeot-Citroën may buy GM's European subsidiary. This is not the first time that these rumors have happened. Before PSA took a government bailout l...

China Becoming a major market for Peugeot

No surprise here, but Peugeot did not have a good year. Its sales were down 19.6% to 1.7 million cars in 2012. There were some bright spots in its sales. Chinese sales were up 24% over last year. Peugeot sales in all of Europe fell 12.6% in 20...

News comes from China State-Owned Media

China's state-owned newspaper, People's Daily, is reporting that the government-owned China Investment Corp. is considering buying between 4% and 10% of Daimler.  "In general, we always welcome any new investors as a bal...

Toyota and Audi working on autonomous cars in the state

Since May, when Google became the first organization in history to license an autonomous car for the road, Nevada has become a hot bed for developing autonomous vehicles. Nevada became the first state to open its vehicle registration to allow for ...

North America Posts Strong Gains for 2012

Mercedes-Benz Cars beat last year's record sales year with even better sales this year. It posted gains in all of its major markets: Western Europe, North America and Asia. It is also looking forward to 2013 with new cars. It sold 1,423,8...

Overall sales down but slowly introducing completely new line of cars

Volvo had a very odd year in 2012. Its overall sales fell 6.1%, but the US, its largest market, grew by 1.2%. It blames the downturn both on the weakening of the European market and partially its own poor planning for phasing out the C30, S40 and ...

China forecasted to build 19.6 million cars

The industrial power of the world is rapidly moving toward China. The Financial Times is predicting that China will produce more cars than Europe, including Russia and Turkey, for the first time ever in 2013.  China is predicted to build ...