Fiat Chrysler Automobiles (FCA) rejected it had chosen to pull the plug on the Chrysler brand in Japan, following local media report it was planning to stop offering the U.S. cars in the nation as early as next year after years of bad sales. “Although FCA Japan has already revealed its objective to concentrate its
Fiat Chrysler Automobile NV’s premium Maserati brand expects to see sales in China increase as much as 47 percent this year, the company’s CEO stated. Reid Bigland informed that China sales of the high-end Italian brand would be 17,000 to 18,000 automobiles, from 12,250 in 2016. He was talking with press reporters at Shanghai Motor
Fiat Chrysler’s Alfa Romeo brand has sold more cars in the first two months of this year in the United States compared to entire 2016. To be exact, Alfa recorded 551 combined deliveries from January and February of 2017 compared with 527 deliveries in the entire 2016. The brand new Alfa Romeo Giulia sport-luxury sedan
Increasing amount of electric vehicles in the United States has led a few researchers to analyze the relationship of the country with such vehicles. Here’s an infographic provided by TopSpeed.
China’s Geely Automobile Holding, whose unlisted parent controls Volvo, on Wednesday stated net profit more than doubled in last year, the most significant increase in 8 years as sales of its next-generation of automobiles overtook expectations. The Hangzhou-based automaker stated in a stock market filing that net profit for 2016 increased 126 percent to 5.1
British luxury automaker Aston Martin reported a sharp increase in losses on Friday, failing to make a profit for the 6th year running, however stated the launch of the DB11, its first brand-new model since restructuring, caused sales to rise at the end of 2016. The automaker stated the 27 percent boost in pre-tax losses
China anticipates over 800,000 green energy automobile will be sold in the nation this year, a boost of at least 58 percent from last year, state media reported on Thursday, in spite of the central government easing up on policy supports. China has strongly promoted plug-in electrical cars, including spending billions of dollars in subsidies,
President of Russia, Vladimir Putin met Volkswagen Chief Executive Matthias Mueller in Moscow on Wednesday and stated he was ready to help the German automaker establish its business in Russia at a time of moving sales and weak demand. Putin stated he comprehended the difficulties the automaker dealt with Russia where the nation’s once-rising auto
On Monday, Suzuki Motor, one of the leading manufacturer in automobile industry has reported that in spite of the expected operating profit value in the third quarter of the year, they yielded higher profit which has the possibility of leading to better margin, whereas the sales volume is strongly maintained in the biggest market, India.
Group 1 Automotive on Thursday reported a profit that beat Wall Street expectations regardless of lower new-vehicle sales as it cut customer discounts dealers manage to help it raise profit per vehicle, stated Earl Hesterberg, CEO of the company. Shares of Group 1, the third-largest auto dealership group in the U.S., had given back earlier
Car enthusiasts, journalists and financial experts pay a great deal of focus on unit-car stats, however investors shouldn’t– just look at Volkswagen’s rise to the top of the official league table of producers. Toyota Motor, which surpassed General Motors in the International Organization of Motor Vehicle Manufacturers’ ranking in 2008 for the first time, revealed
The sales of vehicles alternative to fuel based are increasing in Europe. The sales volume of battery-powered, fuel-cell, and rechargeable hybrid care is increased by 206,000 at the end of 2016 in Europe. Among all these, the plug-in hybrid technology was popular because of its sales volume being 113,000 registered vehicles which is 17.2 %
The revival in the auto industry happened after two years of instability in the sector. The demand for vehicles has been on an increase since last year and has kept the growth steady to this year in India. According to reports the increase in sales has been stated from all sectors. The momentum of sales
Nissan Motor has taken a draw back from gasoline hybrids having its Note e-Power model, which is expected by automaker to act as a gateway for drivers who will later switch to all-electric cars. This move will also reduce Nissan’s costs. Nissan’s Leaf, all-electric car launched in 2010 and is the world’s top-selling electric vehicle
The French carmaker Renault is planning to have a drive in a compact SUV, a premium small car which has its place above Kwid, in India. This is to boost the sales volume through the highly localized models. Renault has ended the market share with around 4.5% in 2016 while selling 110,000 cars. The three