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Automotive Industry
GM Q2 profits down 80 percent
Costs related to millions of vehicle recalls have driven GM Q2 profits down by 80% to $200 million compared to $1.2…
BMW recall involving 1.6 million 3 series cars
A BMW recall involving 1.6 million 3 Series vehicles based on concerns over airbag safety has been announced by the…
Renault half year sales rose 4.7 percent
Renault half year sales increased by 4.7%. Strong performances of the Clio, Duster phase 2, Sandero and Captur…
GM June sales 1% up on last year
GM June sales were 1% higher than in June 2013, marking its best June in seven years. Retail sales rose by 1% and…
Mercedes record sales reported
Mercedes record sales were reported for the first six months of 2014, with more than 783,520 deliveries of new…
Giant BMW Mexican investment announced
A giant BMW Mexican investment worth about $1 billion was announced by the German luxury car manufacturer…
GM recalled 8.4 million more cars
GM recalled 8.4 million more cars manufactured between 1997 and 2014 mainly because of ignition switch faults. The…
New GM lawsuit may exceed 10 billion
A new GM lawsuit, which could exceed $10 billion, says millions of customers who bought cars and trucks lost a…
Toyota passenger airbag defect, 650,000 more cars recalled
Toyota has recalled 650,000 more cars because of a passenger airbag defect. The world’s largest carmaker has so far…
UK soaring car sales, May 2014
UK soaring car sales registered their 27th successive month of growth in May, breaking the last 26-month stretch of…