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Russia: auto decline to lead into dealership mergers


According to the founder of Rolf, one of Russia’s major dealerships, the fast declining situation on the car market might force many of the country’s dealerships to merge or “die”. Russian consumers have been postponing since last year major purchases – such as cars – because of an economic downturn caused by the weakening local currency and the recent political troubles ...
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Report – Japan’s Panasonic mulls stake in European auto parts maker Ficosa
Panasonic Corp, best known as the battery provider and investor partner for California-based electric carmaker Tesla, is reportedly mulling acquiring a stake in Spanish auto parts producer Ficosa International SA. According ...
Germany’s ZF sees more acquisitions on the line
ZF Friedrichshafen AG, fresh from announcing a $11.7 billion deal to purchase TRW Automotive Holdings Corp., forming the world’s second largest auto supplier, eyes more acquisitions in the near to ...
EU Chamber urges China to open after-market car service
The European Union Chamber of Commerce's China arm urged the country’s government to allow more competition for the vehicle after-market service as current regulations are the reason for the monopoly ...
Chengdu Motor Show: 2015 Buick Envision revealed
After the China-only crossover was shown in leaked images numerous times and even General Motors released almost every imaginable detail about it, the model officially made its public debut during ...
Russian government to revive car scrappage scheme
In an all out effort to rescue an automotive industry that has been skydiving lately, the Russian government will pledge 10 billion rubles (207 million euros) to reintroduce an incentive ...
Japanese makers question Philippines expansion strategies
The automakers from Japan that have local production facilities in Philippines are growing dissatisfied with the government’s reluctance to restart a sliding auto manufacturing industry. The top Japanese automakers are now ...
China: Japanese auto-parts suppliers hit by record fine
After scrutiny from Chinese regulators impacted several carmakers, with two of them – Audi and Mercedes – facing fines of their own, the authorities have found a dozen Japanese parts ...
US: Detroit watch making team has automotive roots
Just think of Tag Heuer or Rolex and you’ll instantly know why the watch making industry has been associated many times with its automotive counterpart. Now, a newly created watch ...
French car sales fall behind in July
Renault and Peugeot lose in sales as this July the French car purchases drop 4.3% due to a decrease in demand. The statement was made by the industry body of ...

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