Industry

Porsche is reportedly cutting its production and investment forecasts for 2013 to anticipate 5%-10% lower sales than expected. Sales for 2013 are expected to be roughly the same as projected 2012 sales. This also means the delay of some expected i...

A territory dispute between China and Japan has caused violent protests against Japanese businesses and Japanese expatriates. Honda, Mazda, Nissan, Canon and Panasonic have all stopped production and advised Japanese employees to stay indoors. The...

The European Automobile Manufacturers Association (ACEA) reported today that vehicle sales in the EU countries continue their downwards trend. The tendency is aggravating with new passenger car registrations down by 7.8 per cent in July and a furt...

Ferrari announced record sales and revenues for the first six months of the year 2012. Revenues figured at 1,208 million euro (+11.9 per cent), while a total of 3,664 homologated road cars were delivered to dealerships, an increase of 7.4 per cent...

The gap between Audi and in terms of global premium auto sales fell to just 2,110 vehicles in August. It makes BMW's seven-year position as global premium car leader quite uncertain. In the eight months of the year, Audi has sold 961,000...

The French government has finally released its report on whether the factory closing and job cuts at PSA Peugeot-Citroen are necessary. And the government's verdict is that the losses are a necessity for the company to survive. The governm...

NYSE Euronext scientific board has decided to remove PSA Peugeot-Citroën from the CAC 40 stock index on September 24 citing the stock's poor performance. It is currently at a 26-year low and the share price at the end of the business day ...

German automakers are facing a looming age problem. Its workers are growing older, and there are not enough qualified workers to replace them. BMW has been trying to find a solution, and it has discovered that the best way to deal with the older w...

Opel might not be owned by General Motors much longer, but it is trying to branch out and survive.  Opel will build its first showrooms in Australia with the following model range: Corsa, Astra and Insignia. It will have 17 total dea...

Honda is making a £267 million investment to its Swindon, UK, factory to build the new Civic, CR-V, and the 1.6-liter diesel engine. It is the largest investment that Honda has made in the UK in over 10 years. The investment will double...