Germany’s Volkswagen AG says it started off the year with brisk car sales, as deliveries outside Europe — particularly in China — helped more than offset declines in its home market. Europe’s largest automaker said Tuesday overall January sales were up 17.4 percent to 491,900 from 419,100 in January 2012.
The UAW, trying a third time to organize Nissan Motor Co.’s U.S. workers, accused Japan’s second-largest automaker of threatening to shut its Canton, Miss., factory before it allows the union in.
Stuttgart prosecutors have extended a probe into market manipulation during Porsche’s failed bid to take over Volkswagen to all members of Porsche SE’s supervisory board, including chairman Wolfgang Porsche and his cousin, Ferdinand Piech.
Nissan Motor Co. reported a 35-percent drop in third-quarter profit after sales tumbled in China and new models trailed competitors in the United States. Net income fell to 54.1 billion yen ($581 million) in the three months ended Dec. 31, from 82.7 billion yen a year earlier, the company said in a statement today.
Forster holds degrees in Economics from Bonn University, and in Aviation and Space Technology from Munich University of Technology and joined McKinsey after graduating in 1982, before moving on to BMW in 1986.
Ford, GM and Chrysler posted double-digit sales increases in January, signaling the industry may be starting 2013 on a stronger note than expected. Other automakers will release January sales results later today, with Toyota and Honda expected to post substantial gains. Ford said its U.S. sales rose 22 percent last month, with car volume advancing […]
Auto advertisers were back in force in the 2013 Super Bowl with commercials that were funny and touching — with a few that just fell flat. Social media promotions ahead of the game played a bigger role than ever this year as automakers sought to maximize the bang for their Super Bowl buck. Some of […]
In nearly 24 years of existence, the Infiniti luxury brand has been less than a stellar performer. Parent Nissan had a volume-rules mentality when it came to Infiniti sales, says Nissan Executive Vice President Andy Palmer, and little attention was paid to developing the type of products that have made the German brands so desirable.
Exports accounted for only a few hundred of the more than 14,000 Corvettes Chevrolet sold in 2012. But, says John B. Fitzpatrick, marketing manager-performance cars, “We have much higher expectations for the 2014 Stingray.†He predicts a boost in Corvette exports to Europe, Asia (especially China) and the Middle East. Exports to Europe collapsed earlier […]
