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Uruguay’s President refuses $1 million offer for his old VW Beetle


There is one set of wheels that the Middle East's ultra-rich won’t get their hands on – the humble but beloved Volkswagen Beetle of Uruguayan President José Mujica. It looks like the very rich people, usually rarely having problems on getting the car of their choice – even if it’s a bespoke Rolls-Royce or a completely made from scratch Ferrari supercar ...
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Russia: VW stops local production again on weak demand
The Volkswagen Group – the second largest automaker in the world – has announced it would cease car output in Russia again because Western sanctions and the weak local economy ...
Hyundai’s key Sonata model fails to impress US market
The South Korean automaker hoped the recently refreshed Sonata sedan would be an asset in reversing dwindling US sales, a market that follows closely in importance the world’s largest auto ...
China: auto forecast revised again for 2014
Following the slowing growth registered in recent months, the world’s largest auto market is on pace to miss a prediction for the year, as the pace of delivery increases has ...
US: Winnebago sales rise, but shares fall
Winnebago Industries Inc, the world famous US motorhome producer saw its quarterly profit jump 22% because of rising demand for the company’s products. Motorhome deliveries for the three-month period jumped 25%, ...
Low demand for open top cars brings losses to roof suppliers
Do you fancy a convertible car for the rosy spring days or hot summer nights? Well, unfortunately, chances are in a few years your options would be seriously limited. That’s because ...
US: fuel prices could hit record low this year
Auto sales have been boosted this year by rising consumer confidence, which in its part has been partially triggered by the steady decline of fuel prices across the nation. Now, some ...
Russia: Opel to slowdown car output
The country’s economic troubles and political tensions, coupled with sanctions imposed by the Western nations have weighed down on consumer confidence and the auto market has been severely hit. Following other ...
Russia: PwC mulls an 8 to 12% sales slowdown
According to new estimates from PricewaterhouseCoopers, the Russian new-car market is expected to slump severely in 2014, with a fall seen at 8 to 12%. PwC has moved to downgrade its ...
US: study sees grim near future for auto sales
A research coming from AlixPartners, a global business advisory firm, forecasts the current positive trend on the US new car sales market is not going to last. The sales, after probably ...

latest automotive news
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Nov.23 (GMM/Inautonews.com) Fernando Alonso has lashed back at Marco Mattiacci for questioning his commitment and motivation. Since confirming that Sebastian ...
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Nov.22 (GMM/Inautonews.com) Niki Lauda has admitted it is possible Sunday's championship showdown will end with a crash. Mercedes duo Lewis ...
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Nov.22 (GMM/Inautonews.com) Giedo van der Garde was denied access to the Abu Dhabi paddock, the Swiss newspaper Blick reports. The ...
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Nov.22 (GMM/Inautonews.com) Romain Grosjean says he is retaining the backing of the French oil company Total. While the Frenchman is ...