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Luxury Automakers Plan to Assemble Vehicles in India to Avoid Import Tax

Saturday, May 18th, 2013 : Luxury automakers try to boost sales in India by assembling the vehicles in this country. As automakers have to pay a 100% import tax to bring luxury vehicles to India, they have decided to manufacture the cars here. Over the past year luxury auto sales in ...
Luxury Auto Market Growth in China Down 8.34% in the First Quarter

Saturday, May 18th, 2013 : During the first quarter, premium-car market in China has dropped to 8.34%, representing a decline of 80% compared with the same period last year. The government’s struggle to fight corruption and the slowing economy were the main factors for which luxury car market growth in China ...
Thieves Stole an Audi RS4 Quattro Avant from Bury St Edmunds Audi Dealership

Saturday, May 18th, 2013 : High-tech thieves managed to steal a grey Audi RS4 Quattro Avant estate two days ago, even if the car was fitted with state-of-the-art anti-theft system. The thieves cut a whole in the fence of the Bury St Edmunds Audi’s dealership and succeeded in overcoming state-of-the-art anti-theft ...
Tata Delays Plans of Building Plant in Thailand

Saturday, May 18th, 2013 : As Tata tries to deal with a drop in demand it has decided to postpone the development of the new facility in Thailand. Tata announced it will enter the passenger car market in Thailand during the third quarter, when it will introduce the Nano budget vehicle. ...
Audi Surpassed BMW in India Luxury Auto Sales

Saturday, May 18th, 2013 : Audi managed to surpass BMW and become the largest seller of luxury vehicles in India. Over the past years the luxury auto market in India has continuously increased and more and more automakers have been turning their attention to this region. Audi managed to take the ...
GM Stock Surpasses 2010 IPO Price

Friday, May 17th, 2013 : Today, May 17th, GM’s shares surpassed the offering price from the 2010 IPO, which means that the US Treasury will be able to pare its losses. Today GM’s shares rose to $33.21 compared with $33.00 during the November 2010 IPO, the first time the stock has ...
PSA Workers at Aulnay Plant End Four-Month Strike

Friday, May 17th, 2013 : Peugeot’s workers at the Aulnay plant accepted to end the 4-month strike held for the plant’s closure. The workers will end the strike and return to work beginning next week, according to Jean-Pierre Mercier, who represents the CGT union. PSA Peugeot Citroen will not apply disciplinary ...
Jaguar Plans to Upgrade Its Dealerships in the US

Friday, May 17th, 2013 : Jaguar plans to refurbish its dealerships in the US as it prepares for a wave of new products. The automaker with begin with 50 older dealerships, which should be refurbished by the end of this year, Jaguar said it wants the dealerships interiors to reflect the ...
VW April Sales Up 7%

Friday, May 17th, 2013 : VW reported sales up 7% to 784,600 vehicles in April, after a drop of 0.2% in March. "Nevertheless, the market environment remains difficult, and is very challenging in some world regions. The economic crisis in Europe in particular is having an increasing impact on the automobile ...
Volvo April Truck Sales Down 2%

Friday, May 17th, 2013 : Volvo sales dropped 2% to 16,572 vehicles in April, compared with the same month last year. Sales in Europe dropped 7% to 6,334 vehicles, from 6,777 units in April 2012, North America was down 10% to 4,237 vehicles from 4,712 units, South America increased 54% to ...