10 Updates

Volkswagen Details Investment Plans

Source: Wall Street Journal, Nov 23 2012, 8:46am CST

By Christoph Rauwald Volkswagen AG will increase investments in new vehicles, plants and technology to €50.2 billion ($64.55 billion) over the next three years, despite the market slowdown, to fuel its ambitious global expansion plans and try to dethron ...

Continue reading on: Wall Street Journal

 
 
Update
10

5 hours ago

EU car sales slide to 20-year low

Source: The Telegraph  |   Jun 18 2013, 1:25pm CDT

Carlos Da Silva from IHS Global Insight said the one glimmer of hope is that the rate of fall is slowing, but any recovery next year will be “muted”. The slump has done most damage to mass-market producers such as Fiat, Renault and Genera ...

Continue reading on: The Telegraph  More like this

 
Update
9

29 weeks ago


Quote:
"The investment planning…represents a clear commitment to securing jobs and employment at Volkswagen, particularly in light of the difficult conditions seen in the automotive industry"


Source: Wall Street Journal

 

Latest Car News

 
Update
8

6 hours ago

Slide Continues for European Auto Makers

Source: Wall Street Journal  |   Jun 18 2013, 12:48pm CDT

By Gilles Castonguay New car registrations in the European Union tumbled 5.9% in May over a year earlier to 1.04 million vehicles, the lowest for the month in 20 years. France's PSA Peugeot Citroën SA suffered the biggest percentage decline among the reg ...

Continue reading on: Wall Street Journal  More like this

 
Update
7

7 hours ago

European Auto Sales Fall in May, GM Sees Sharp Decline In Sales While Ford Gains Market Share

Source: Benzinga.com  |   Jun 18 2013, 12:13pm CDT

Auto sales across the European Union declined in May from a year ago as the economic slump across the region continues to weigh on expenditures. Notably, sales from General Motors (NYSE: GM) declined sharply while the market sh ...

Continue reading on: Benzinga.com  More like this

 
Update
6

7 hours ago

Plummeting European auto sales reflect struggling economy

Source: Vancouver Sun  |   Jun 18 2013, 11:39am CDT

MILAN, Italy — European car sales had their worst May in 20 years as the region’s recession drags on, the European automakers’ association said Tuesday. Passenger car demand for May dropped by 5.9 per cent on the same month ...

Continue reading on: Vancouver Sun  More like this

 
Update
5

8 hours ago

Auto sales in Europe down another 5.9%

Source: Detroit News Online  |   Jun 18 2013, 11:13am CDT

After a one-month respite, European auto sales resumed their slide in May, dropping another 5.9 percent. Sales in the 27-member European Union region have declined in 19 of the past 20 months and last months total of 1.04 million sales was the lowest Ma ...

Continue reading on: Detroit News Online  More like this

 
Update
4

8 hours ago

Autos sales in Europe plunge to lowest level in two decades

Source: Los Angeles Times  |   Jun 18 2013, 10:38am CDT

Sales of new passenger cars declined 5.9% in the European Union compared with the same month a year earlier to just 1 million vehicles, according to the European Automobile Manufacturers’ Assn. That was the lowest since May 1993 when new a ...

Continue reading on: Los Angeles Times  More like this

 
Update
3

9 hours ago

EU car sales hit 20-year low for May

Source: BBC News  |   Jun 18 2013, 9:40am CDT

18 June 2013 Last updated at 10:40 ET Peugeot Citreon saw sales fall over 15% in May New car sales across Europe fell to their lowest level in two decades for May as the deepening recession hurt demand. Registrations dropped 5.9% to 1.04 ...

Continue reading on: BBC News  More like this

 
Update
2

10 hours ago

Tesla Motors vs. Car Dealers

Source: Value Walk  |   Jun 18 2013, 9:18am CDT

Tesla Motors Inc (NASDAQ:TSLA) is looking forward to selling the $70,000 Tesla electric luxury vehicles straight to consumers without involving the franchised automobile dealers. Elon Musk wants to remove the dealers fr ...

Continue reading on: Value Walk  More like this

 
Update
1

10 hours ago

ANALYSIS: 'Flat is the new up' for Western Europe

Source: Just-Auto.com  |   Jun 18 2013, 8:46am CDT

As the latest monthly car sales numbers appear to confirm a bleak prognosis for Western Europe's car market, a new study suggests that flat market conditions will persist for some time to come. Dave Leggett reviews the underlying issue ...

Continue reading on: Just-Auto.com  More like this

 
 

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