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Automotive Industry
Volkswagen North America $7 billion investment plan
Volkswagen North America has announced a $7 billion investment plan over the next five years, as well as a new seven-seater SUV (sports utility vehicle) launch in the region in 2016. While recovering strongly worldwide after the Great…
2013 was a Jaguar Land Rover record year
UK based Jaguar Land Rover Automotive PLC said 2013 was a record year, with delivery of 425,000 new vehicles, an increase of 19% over the previous year. According to the company, 2013’s success was mainly due to “the introduction of a…
Volkswagen luxury brands record sales
The Volkswagen luxury brands reported record sales for 2013, with Bentley posting 19% growth compared to 2012, Audi 8.3% and Porsche 15%. According to Volkswagen, demand for luxury cars has been increasing steadily in emerging markets such…
Rolls-Royce had record year
Rolls-Royce sold 3,630 cars in 2013, the company’s fourth consecutive record and an increase of 1.5% over 2012 (3,575), the carmaker announced. Rolls-Royce, which is owned by BMW, says it plans to take on 100 more employees at its plant…
UK new car sales 2013 best in 6 years
UK new car sales for 2013 were the best since 2007, according to the Society of Motor Manufacturers and Traders (SMMT). Mike Hawes, SMMT Chief Executive, said: “With its best year since a pre-recession 2007, the UK new car market has helped…
Ford unveils solar powered car – the Ford C-MAX Solar Energi Concept
Ford has teamed up with the Georgia Institute of Technology and SunPower to develop a hybrid car which powers itself using solar energy - eliminating the need to plug into the electric grid for fuel. According to Ford, the Ford C-MAX Solar…
FIAT to buy rest of Chrysler
Italian car company FIAT, which already owns a majority stake in the American automobile maker Chrysler, says it plans to buy the remaining 41%. FIAT shares surged 15% after the news was released. According to FIAT, the transaction will be…
Ford is now the best selling car brand in America
Ford was North America's best selling car brand in 2013. The company announced that it managed to sell over 2.4 million vehicles in the North American market for 2013, with Ford overtaking its competitor Toyota as the best selling brand in…
Audi launches a $30.4 billion five year investment project
Audi has just launched a $30.4 billion five year investment project. The company stated that the investment will be used for the development of new car models, technologies, and to expand its worldwide production network. Over fifty percent…
What are the biggest automobile companies?
This information article provides details on what are considered to be the biggest automobile companies in the world. The first ranking in this article lists automobile companies by yearly revenue and the second ranking lists them by…