Industry

Sergio Marchionne has been beating the drum for months for a coordinated EU-wide reaction to the crisis in the  European automotive industry that would include governments.  "I am concerned that if we don't find a collective...

Fiat CEO Sergio Marchionne will make a major announcement on October 30 about the future of Fiat and Chrysler that will include forecasts about the company's sales in 2013 and 2014.  "We will be updating our forecasts for '13...

The territorial dispute between China and Japan over a small group of uninhabited islands in the East China Sea has boiled over into the automotive industry and has caused Japanese auto sales to plummet in China in the last few months.  T...

Audi worldwide sales increased by 13.6% to 136,600 cars for September. It is also the first time that Audi has sold more than 1 million cars in the first nine months of the year. It has sold 1,097,500 cars this year, up 12.8% over last year.&...

Honda, Toyota, Nissan and Hyundai have signed a memorandum of understanding in Copenhagen to introduce hydrogen fuel cell vehicles in the region between 2014 and 2017. All three manufactures have fuel cell vehicles in the pipeline or in the case o...

Daimler's largest single investor Aabar is selling off a third of its holdings in the company. Aabar is Abu Dhabi's sovereign wealth fund. It purchased about 9% of Daimler in March 2009 to make it the company's largest single inve...

Toyota continues to recover from the tsunami in Japan and floods in Thailand that crippled the company through most of 2011. It sales are up significantly, and it just moved up one spot to 10th in Interbrand's 2012 Best Global Brands Repo...

During an employee meeting in Wolfsburg, Volkswagen AG Chairman Dr. Martin Winterkorn acknowledged challenges in the market, but said that the company is on track to meet its 2018 sales goals.  “We’ve got what it takes to keep...

Mercedes-Benz is cutting production at its Sindelfingen factory, but it has a fairly good reason. The Sindelfingen  factory produces the S-Class, E-Class and C-Class, and Mercedes is very close to introducing a new S-Class. This...

Korean automakers Hyundai and Kia had been doing quite well despite the Euro crisis in Europe. It had been growing in the region while larger automakers shrank around it. Hyundai's situation is beginning to look less rosey though. The company ...