Industry

It is the first step to him becoming the next CEO

Well that certainly did not take long. After rumors began that former Renault-Nissan Chief Operating Officer Carlos Tavares would take over as CEO at PSA Peugeot-Citroën, PSA took the first step today by announcing that Tavares would become t...

It was a specially painted Evoque that will be auctioned for charity

Jaguar Land Rover has completed one million vehicles at its Halewood factory on November 25. It has been running since 2001. The milestone car was a Fuji White Range Rover Evoque Dynamic with a Firenze Red roof and mirrors. It was donated to the C...

It will also hire 313 full time employees, research and staff training

The British Government has given Lotus a £10.44 million grant ($16.857 million) on November 25, 2013, from the Regional Growth Fund. Lotus says that that the money will be used for research and development of future products, staff training ...

Tavares is the former Chief Operating Officer at Renault-Nissan

Former Renault-Nissan Chief Operating Officer Carlos Tavares was once rumored to be the next CEO of Renault-Nissan when CEO Carlos Ghosn leaves the company in a few years, but Tavares left Renault-Nissan in August 2013. Now, he is rumored to take ...

It is the first time that a foreign automaker has bought a stake in a Chinese automaker

Daimler has completed its 12% purchase of Chinese joint venture partner Beijing Automotive Group (BAIC). It is the first time that a foreign automaker has bought a stake in a domestic Chinese automaker. The company wants to make a long-term financ...

Sales for the year still down 3.1%

For the first time in 2013, EU auto sales have increased in two consecutive months according to the European Auto Manufacturers’ Association (ACEA). October sales increased 4.7% over the previous October with 1,004,935 cars sold. Combined wi...

The company continues to do very well in Asia

Volkswagen Group has sold 7.85 million cars from January to October, a 4.7% increase from the previous year. It sold 818,900 cars in October, a 3.8% increase. It is expecting to sell 9.5 million vehicles for the full year. "Following a go...

It shows what new product can do for a brand

Maserati is showing what bringing new products to a company can do. It opened its new Grugliasco factory near Turin on January 30, and it has already built 10,000 cars there. The Grugliasco factory builds the Quattroporte and Ghibli, while the...

European and American sales are down for the year

Volkswagen Cars sales increased 2% in October to 511,400 cars worldwide and is up 3.4% for the year from January to October to 4.88 million cars. However, those numbers belie the fact that China is the only major market where VW is seeing growth. ...

It will start by building the Sentra and expand from there

Nissan has completed the first phase of construction of its $2 billion new factory in Aguascalientes, Mexico. It is Nissan’s third factory in Mexico and will be able to build 170,000 vehicles a year in its first phase. "The investme...