Italians give up Ferraris, Maseratis as austerity measures biteAug. 15, 2012 06:01 CET  The 204,000 euro Ferrari 458 Italia has never been a particularly common sight, even on the autostrade of its native Italy. Today, it's becoming even rarer as austerity measures drive Ferrari owners to export their supercars by the truckload.... Read More »
Volkswagen profit growth slows on European market's slumpJuly 26, 2012 10:19 CET  Volkswagen Group reported slowing earnings growth as the impact of the sovereign debt crisis weighed on demand in its home region.... Read More »
PSA's problems grow while VW's profits soarJuly 24, 2012 08:19 CET When PSA reports earnings tomorrow, it's likely to show deepening losses as European new-car sales plunge. The decline will be magnified the following day when VW Group is expected to post record profits, the result of years of expansion outside the region and investments in Audi.... Read More »
BMW, others gain from closer ties with bloggersJune 12, 2012 07:04 CET  BMW, Mercedes and other luxury brands are boosting efforts to court bloggers to target a growing audience of would-be buyers who can't be reached through TV and newspaper ads. BMW claimed an 88 million-euro ($110 million) revenue gain for its 1-series line by wooing customers with a Web-only campaign.... Read More »
Aston Martin to introduce successor to flagship DBS carsJune 11, 2012 06:01 CET  Aston Martin is preparing to introduce a vehicle that will replace the flagship line of DBS automobiles. An announcement will be made soon and production will begin at the end of the year, said Michael van der Sande, the automaker's chief commercial officer.... Read More »
Lamborghini to add 6 dealerships in ChinaMay 29, 2012 09:24 CET  Lamborghini plans to add 6 stores in China this year for a total of 20 dealerships -- a sign of its commitment to the market despite flat sales this year. The carmaker could receive another boost in China over the next few years if it decides to build the Urus SUV concept, which it unveiled last month at the Beijing auto show.... Read More »
Ferrari, Maserati and Lamborghini suspend production after second Italian earthquakeMay 29, 2012 15:52 CET Ferrari, Maserati and Lamborghini today suspended production after an earthquake killed 10 people in northern Italy where their factories are located. The three luxury sports car makers said their factories were not damaged in the quake but they had sent workers home.... Read More »
|
