news

Sales are down slightly in Europe but up elsewhere

BMW Group has record sales in November with 174,996 cars sold, 2.7% higher than November 2012. From January to November, BMW Group has sold 1,777,017 cars, up 6.8%. “Strong global demand for our products once again drove sales to a new a...

The company is aiming for an 8% world market share by March 2017

Renault-Nissan CEO Carlos Ghosn is coming to an end of his automotive career. He has not made it a secret that when the company’s current five-year Power 88 plan ends on March 31, 2017, he will begin looking into retiring. That plan’s ...

The Asian market has become a major growth area for Porsche

Porsche sales ticked up 9.5% in November to 14,150 cars worldwide in November, and the brand has sold 147,290 cars worldwide from January to November, up 14.2%. “Over the past few months, our attractive model range has helped us to achie...

The Canadian Government still holds 7.2%

The US Treasury Department has sold off its final shares of General Motors stock. According to Treasury Secretary Jack Lew government made back $39 billion of its $49.5 billion investment meaning that the government lost $10.5 billion on the ...

It is hoping that introduction of the Golf will boost sales

The Volkswagen Cars brand sold 522,100 cars in November, up 3.4%, and it has sold 5.4 million cars worldwide from January through November, a 3.4% increase. Outside of Asia, VW Cars’ sales have fallen in nearly every major market. "...

Venturi Grand Prix Formula E Team will be the final team in the first season

With the announcement of the Venturi Grand Prix Formula E Team, the 2014/2015 Formula E season has its complete grid of 10 teams each with two cars. The Venturi Grand Prix team has been created by actor Leonardo DiCaprio and Gildo Pallanca Pas...

It could have changed the drivers' championship in 2012 and 2008

The F1 Strategy Group and Formula One Commission decided at their meeting on Monday, December 9, that the final race of the 2014 calendar at Abu Dhabi's Yas Marina circuit will award double points. The decision is in hopes of keeping the champ...

It will be revealed at the North American International Auto Show

Lexus has released the first teaser of its next F high performance model that will debut at the North American International Auto Show on January 14. Lexus says that it will be an entirely new model debut, which hints that the new model will l...

It a redesigned body kit and titanium parts

McLaren Special Operations was founded as the McLaren organization that would help McLaren F1 owners keep up their cars and perform modifications when cars changed hands, and while that is still part of its job, it now also builds bespoke cars for...

The design comes from Toyota's Calty Design Studio in the US

Rumors about the return of the Toyota Supra have been circulating nearly since production of the original car stopped, but Toyota may finally be bringing back one of its most famous models in the guise of a concept at the North American Internatio...