Industry

it is on track to meet its sales goal

Audi sales hit 131,300 cars in July, a 9.8% improvement over the previous July. From January to July, Audi has sold 911,800 cars, a 6.9% over the same period last year.  The big winners for Audi were its SUV range and double-digit growth ...

The Mexican factory will have 3,800 workers when it opens

Audi has hired its first 64 apprentices for its new factory in San José Chiapa, Mexico. The workers will be trained for mechanic and mechatronic work for the next three years. For now, Audi's apprentices are being trained at th...

It has already built over 700,000 cars in the first six months of the year

Mercedes-Benz has built over 700,000 cars in the first half of 2012, which puts it on track to beat last year's record production of 1.34 million cars. From January to June, Mercedes-Benz Cars and Vans has sold 694,433 cars, a 6.4% increa...

The decision hinges on a free trade agreement between Mexico and Europe

BMW is considering following the lead of several automakers and opening a factory in Mexico, but it makes it clear that it will not make a final decision until it sees whether Mexico will enter into the free trade agreement that the United States ...

It wants to sell 300,000 cars a year there by 2015

Mercedes-Benz is giving its Chinese model line a massive revamp with 20 new or refreshed models over the next two years in order to increase sales by a third to 300,000 cars annually by 2015. The investment will cost Mercedes around €2 billio...

The factory currently builds the Alfa Romeo MiTo

Fiat is meeting with its labor union to negotiate whether reduced hours at the Mirafiori factory in Turin will have reduced hours for another 12 months starting from the end of September. Fiat CEO Marchionne said in February that it may invest...

The Ghibli and Quattroporte are major successes.

Maserati's new Ghibli and Quattroporte are spurring sales better than they have been in years. From January to July, Maserati sold 17,000 cars, three times as many as it sold in the same period last year.  Maserati has been on a losin...

Sales down 5% in August

European Auto Sales fell to 686,957 vehicles in August, down 5%, from 722,458 in August 2012. Sales from January to August were also down 5% to 8.14 million cars, which is the lowest level since 1990. The fall in sales came as a surprise after...

The sale would finance growth outside of Europe

Rumors are emerging that the Peugeot family is considering to sell a portion of the company to its Chinese joint venture partner Dongfeng Motor. The Peugeot family controls 25.5% of PSA Peugeot-Citroën and selling a stake in the company would...

Double-digit growth is the norm this year

The Japanese luxury car market is booming thanks to Prime Minister Shinzo Abe bringing the country out of a 15-year deflation. Case in point, Ferrari predicts that Japanese sales will be up 30% by year’s end. Abe’s government has l...