Europe's January car sales offer little hope of recoveryFeb. 14, 2013 06:01 CET LMC Automotive says it sees little hope of auto sales recovering in Europe this year after registrations in January plunged 9.5 percent. LMC predicted western Europe's full-year sales will drop 4.1 percent this year to 11.27 million, the sixth continual year of decline.... Read More »
Renault, Dacia want to expand in fast-growing market for online car salesFeb. 12, 2013 06:01 CET  The Renault and Dacia brands plan to aggressively expand their online car sales, taking advantage of a trend in vehicle retailing that is expected to grow rapidly this decade.... Read More »
Honda's Europe problems extend beyond market slump, analysts sayFeb. 11, 2013 06:01 CET  Honda is cutting jobs in the booming UK auto market because it says there are no signs that Europe's car sales slump will end soon. Analysts believe Honda's problems go beyond the slump, especially since rival Nissan continues to add workers and production at its UK factory.... Read More »
Auto execs turn away from EVs, focus r&d on downsizing, hybridsFeb. 8, 2013 06:01 CET  Optimism about electric cars is fading as manufacturers scale back investment in response to weak sales. Just 8 percent of auto executives said their companies would invest in pure battery technologies over the next five years.... Read More »
UK car sales buck Europe downturn with 11.5% rise in JanuaryFeb. 6, 2013 12:48 CET  New-car registrations in the UK rose 11.5 percent to 143,643 in January as the market continued to buck the downward trend in other key European markets.... Read More »
Rolls: Wraith will rock 12:01 am U.S. ET | Feb. 4, 2013 Rolls-Royce's Wraith coupe, which debuts at the Geneva auto show next month, apparently will break some styling ground for the English luxury brand.... Read More »
Record exports lift UK car production in 2012Jan. 17, 2013 14:32 CET  Record exports last year lifted British car production to its highest level since 2007. Britain produced a total of 1.46 million vehicles in 2012, up 9 percent on 2011, with 1.21 million of those sold abroad.... Read More »
Jaguar Land Rover sales gain 30%; China passes UK as top marketJan. 14, 2013 06:01 CET  Jaguar Land Rover's global sales rose 30 percent last year, with China surpassing the UK to become the largest market for the unit of Tata Motors.... Read More »
FINAL ASSEMBLY Former Ford exec Thursfield faces jail in divorce case 12:01 am U.S. ET | Jan. 14, 2013 Former Ford of Europe Chairman David Thursfield rose to the top of the management ranks with an abrasive manner and take-no-prisoners approach to cutting costs. Now Thursfield, 67, has been sentenced to two years in jail for hiding part of his multimillion dollar fortune from his former wife in a bruising divorce battle.... Read More »
Jaguar to add 800 new UK jobs, source saysJan. 13, 2013 15:31 CET  Jaguar Land Rover plans to create 800 new jobs at its Solihull factory in central England due to demand in China, Russia and the United States, a person familiar with the matter said on Sunday.... Read More »
Honda will cut 800 UK jobs on falling European demandJan. 11, 2013 11:35 CET  Honda plans to cut about 800 jobs at its plant in Swindon, southwest England, due to falling demand for its vehicles across Europe. It is the first time Honda has cut jobs in the UK since it began car production there in 1992.... Read More »
UK races to revive supplier industryJan. 7, 2013 06:01 CET  The revival of car production in the UK has prompted the government to take action to rebuild the country's supplier industry.... Read More »
UK car sales rise to 4-year high in 2012Jan. 7, 2013 12:49 CET British new-car registrations rose 5.3 percent to 2.04 million cars in 2012, the highest level since 2008, the Society of Motor Manufacturers and Traders said today. The rise was in stark contrast to other major European markets, which all suffered major declines last year.... Read More »
JLR's UK sales rise 19.7% in 2012Jan. 7, 2013 11:42 CET  Jaguar Land Rover said UK vehicle sales rose 19.7 percent to 68,586 in 2012. Deliveries of Land Rover SUVs rose almost 25 percent to 54,480, boosted by demand for the Range Rover Evoque, while registrations of the Jaguar brand increased 2.4 percent to 14,105 vehicles, the company added.... Read More »
Infiniti will take longer to meet European sales targetsDec. 27, 2012 06:01 CET  Infiniti has scaled down its ambitions for Europe in the wake of the region's economic slump. Nissan's luxury brand will likely take longer than 2016 to meet its goal of 100,000 annual vehicle sales in Europe, Infiniti President Johan de Nysschen said. The target stills stands but Infiniti will likely not meet the timeline that was originally set, he said.... Read More »
Jaguar kills $1 million-plus C-X75 hybrid sports car 12:01 am U.S. ET | Dec. 17, 2012  Jaguar has decided not to build the C-X75, a $1 million-plus hybrid sports car that was scheduled to go into production next year.... Read More »
FINAL ASSEMBLY In James Bond style, Italian investor rushes to Aston Martin's rescue 12:01 am U.S. ET | Dec. 10, 2012 Turns out James Bond isn't the only one who's taking a high-stakes ride with Aston Martin these days. On Friday, the Italian private equity firm Investindustrial agreed to pay $241 million for a 37.5 percent share of the carmaker in a deal with majority Kuwaiti owner Investment Dar.... Read More »
NICK GIBBS Aston Martin fans won't be cheered by deal with private equity group 12:01 am U.S. ET | Dec. 7, 2012  The news that private equity firm InvestIndustrial will buy a 37.5 percent stake in Aston Martin won't be well received by fans of the brand. They would certainly have preferred to see contender Mahindra and Mahindra or another carmaker sign the deal.... Read More »
UK overtakes France as Europe's No. 2 car marketDec. 6, 2012 15:00 CET  The UK has overtaken France to become Europe's second-biggest car market following strong November and 11-month sales.... Read More »
Mercedes, Nissan poised to gain from crisis at London taxi makerDec. 5, 2012 10:01 CET  The Mercedes-Benz Vito and Nissan NV200 could become London's taxis of choice as the maker of the city's famous black cabs fights bankruptcy.... Read More »
FINAL ASSEMBLY If Aston's for sale, who wants to buy? 12:01 am U.S. ET | Nov. 19, 2012 Aston Martin, the British luxury brand that James Bond favors, is on the selling block, according to Bloomberg. So who are the potential bidders?... Read More »
European car market shrinkage slows in OctoberNov. 16, 2012 08:16 CET  Europe's new car market shrank at a slower pace in October than in recent months, but nearly all major groups still suffered double-digit declines, as consumers showed little inclination to make big-ticket purchases in a slow economy.
... Read More »
Longtime Toyota exec named Kia Europe COONov. 16, 2012 06:01 CET  Kia Europe has named its UK head, Michael Cole, as its new chief operating officer. Cole, a longtime Toyota executive before he joined Kia, succeeds Paul Philpott as the fast-growing Korean automaker's No. 2-ranking official in Europe.... Read More »
UK company Eterniti launches luxury SUVNov. 15, 2012 09:52 CET  Eterniti Motors has opened its first showroom, in London, to coincide with the launch of its premier production model, the Artemis SUV.... Read More »
UK car sales rise for 8th consecutive month in OctoberNov. 6, 2012 12:03 CET  UK new-car sales rose 12.1 percent to 151,252 in October, in stark contrast to other major European markets that saw big drops in demand. The UK figure marked the eighth consecutive monthly rise in the market so far this year, the car manufacturing lobby SMMT said on Tuesday.... Read More »
|
