Domestic car sales of Indonesia reduced by 13 percent in the first quarter of 2019 from the same period in 2018, according to the Association of Indonesian Automotive Manufacturers (Gaikindo). Sales from January to March was recorded at 253,863 units, a major reduction from 2018’s figure of 292,031 units. March sales reduced 11.4 percent year-on-year
General Motors’ luxury Cadillac brand is taking advantage from strong growth in China, the American automaker stated at a conference on Wednesday in New York. GM Cadillac President Steve Carlisle stated that Cadillac would broaden its network of dealers to 500 in China by 2025. The U.S. automaker will introduce a new product every 6
Volkswagen Group has hung on to its placement as the world’s top-selling car manufacturer for the fifth year in a row, although the German group was slipped by once again by the Renault-Nissan-Mitsubishi alliance in the light-duty automobiles sector. Renault SA, Nissan Motor and also Mitsubishi Motors together made 10.76 million passenger cars and light
Toyota Motor aims to increase vehicle sales in China by 8 percent to 1.6 million this year, the Japanese automaker stated on Friday. Toyota sold 1.47 million vehicles in China in 2018, increased 14.3 percent from 2017. Automaker’s forecast comes at a time when automakers in China in general are preparing for a difficult year
Volkswagen Group’s deliveries increased 0.9 percent to a record 10.83 million in 2018, the German company stated on Friday, putting it neck-and-neck with Renault-Nissan-Mitsubishi in the race to be the globe’s biggest vehicle manufacturer. Rivals Toyota Motor and Renault-Nissan-Mitsubishi have not released registration figures for the last year, but the Franco-Japanese alliance sold 10.6 million
BMW’s group sales increased 1.1 percent worldwide in 2018 to 2,490,664 vehicles, the company stated on Friday, adding that it expected a slight increase this year regardless of challenging market conditions. BMW brand sales boosted by 1.8 percent globally in 2018, to 2,125,026 vehicles, the company stated, with December sales increasing 1.3 percent. The group’s
General Motors hit 200,000 total electric vehicles sold in the United States by the end of last year, reaching a threshold that triggers a phase-out of a $7,500 federal tax credit during the next 15 months, a person knowledgeable about the matter stated Wednesday. The largest U.S. automaker reached the number in the fourth quarter
China’s factory activity contracted for the first time in more than two years in December, showing the challenges facing Beijing as it looks to end a bruising trade war with Washington and decrease the risk of a sharper economic downturn in next year. The increasing strain on factories shows a continued loss of momentum in
Holiday season deals propped up U.S. auto sales in November, limiting the scale of yearly decline at some automakers and putting total figures on course to top experts’ expectations, numbers from several top producers revealed on Monday. No.1 automaker General Motors posted an approximately 1 percent increase in sales, according to a source knowledgeable with
Toyota Motor stated on Friday it would restructure its management executive ranks, consisting hiring new people and shuffling present roles throughout the company. As part of the modifications, Chris Reynolds is going to be the chief administrative officer for North America operations and right now is the executive vice president of the North America unit.
Tesla Inc’s vehicle sales in China fell 70 percent last month from a year earlier, the country’s passenger car association informed Reuters on Tuesday, underscoring how the Sino-U.S. trade war is harming the U.S. electric automaker. An official from China Passenger Car Association stated data from the industry body revealed Tesla sold just 211 cars
Deliveries of Volkswagen’s Skoda Auto cars dropped 7.4 percent in October, mostly in European markets because of conversions to conform to the Worldwide Harmonised Light Vehicle Test (WLTP) anti-pollution regulations. Skoda recently opted to split its creative AOR duties between two agencies, Los Angeles based OPTIMIST and Germany-based thjnk. Skoda stated on Thursday that its
Ford Motor made a profit in India for the first time in ten years in the last fiscal year, indicating that a strategy conceived two years earlier by the U.S. automaker for one of the world’s most competitive car markets is beginning to show some success. Under an initiative named the Emerging Market Operating Model
Volkswagen on Tuesday stated the operating return on sales at its main VW passenger car brand would come in at the lower end of its 4 to 5 percent target range for 2018. Volkswagen mentioned the prices of preparing its passenger vehicles for tougher emissions rules, higher distribution expenses and upfront investments.
Volkswagen Group, Fiat Chrysler and Renault led a 23.4 percent European car sales reduction in September, the major regional industry body stated on Wednesday, as automakers still suffer from the introduction of stricter new emissions tests. Registrations dropped to 1.12 million cars in European Union and European Free Trade Association (EFTA) countries earlier month from