Strong August UK car sales
August UK car sales grew for the 30th consecutive month, as private and fleet consumer confidence surged, said the Society of Motor Manufacturers and...
Strong US August auto sales
US August auto sales were surprisingly strong, at (annualized rate) 17.3 million vehicles , the highest rate since January 2006’s 17.6 million. Analysts had...
Fiat Chrysler merger plan jumps shareholder hurdle
The Fiat Chrysler merger plan was blessed earlier this week because not enough shareholders tendered their stock to undermine the reorganization. In other words,...
Kia Motors Mexican investment
A Kia Motors Mexican investment worth $1 billion has been announced by the South Korean vehicle manufacturer. The company says it has signed an...
Volkswagen passenger car brand deliveries increased 4 percent in July
In July, 2014, Volkswagen passenger car brand deliveries increased by 4% to 491,600 units compared to 472,800 in July 2013, driven by strong demand...
Tata Motors profit surge
Tata Motors profit tripled to 53.98 billion rupees ($882 million) in fiscal Q1 compared to 17.26 billion rupees a year earlier, surprising analysts with...
BMW Q2 profit rose 27 percent
Strong sales in Asia helped BMW Q2 profit increase by 27% to €1.771 billion ($2.4 billion) compared to Q1 2013, the German luxury carmaker...
Toyota Q1 group sales rose by 2 percent
Japanese automaker Toyota Q1 group sales for 2015 increased by 2% to ¥6.39 trillion compared to Q1 2014, while net profit rose to ¥587...
Chrysler US sales jump 20 percent in July
Chrysler US sales increased by 20% year-on-year to 167,667 units compared to 140,102 in July last year, the company announced, adding that it was...
Tesla Q2 sales beat forecasts
Although Tesla Q2 sales beat forecasts, its earnings, revenue and profit did not. The company sold 7,579 Model S electric sedans in Q2 compared...