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DS’ standalone brand off to a slow start


Citroen’s premium line-up of DS models had dwindling sales during the first six months of the year, even as it moved to become a separate brand since June 1. The upscale line-up of models was hit by aging products and by stiffer competition as rivals – like the Mini brand – presented refreshed models. Through last month, worldwide sales of the ...
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Lancia Delta and Voyager to be axed – report
Lancia is planning to axe the Delta this year and the Voyager in 2015 as a plan to reduce the brand to a single model, the Ypsilon, and a single ...
Executive says Russian car sales to drop 20% this year
The new chief executive of AvtoVAZ, Bo Andersson, forecasts for 2014 a serious drop in overall sales on the Russian market, which could slump, according to his prediction by as ...
April car sales see 8% drop in Russia
While many of the big economies in Western Europe have finally started to show a rejuvenation of car sales, after an almost six years slump, the big performer from two ...
Tesla first quarter results miss expectations
Tesla Motors, the Californian automaker that produces only one electric car – the Model S – managed to post better than forecast first-quarter operating profit but disappointed with second quarter ...
Recall triggers big shares fall, big charge in Q1 for GM
Things are not looking well for General Motors, which has been widely panned for the recall over a defective ignition switch. With probes coming from NHTSA and the Congress and ...
Brazil faces overcapacity problems
While many major automakers rushed to join the emerging market Brazilian euphoria, adding facilities in the country, the local auto industry is now actually close to a growth stop. Brazil is ...
Europe: Russia new car sales drop slows in February
According to the Moscow-based Association of European Businesses (AEB), new car sales in Russia – a market once poised to overtake Germany as Europe’s biggest – fell just 2% in ...
China: Geely stock close to 18 months low
Geely Automobile, the Chinese automaker that is now the parent of the Swedish carmaker Volvo, announced its sales went down 32% to 21,415 vehicles in February. The news took the investors ...
Maruti Suzuki shares drop on investor concern
In a rather rare case of shareholder activism in India, investors in Maruti Suzuki Ltd protested the plans laid out by the Japanese parent, sending on a downward spiral the ...

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