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Peugeot looking to BRICS countries for recovery


PSA Peugeot Citroen is looking to Brazil, China and Russia for salvation, as its heavy exposure to France, Italy and Spain has brought its finances in a disastrous state. Deeply affected by the crisis in Europe, Peugeot wants to significantly reduce its dependency on European markets. PSA Peugeot Citroen CEO Philippe Varin said he wants at least half of the carmaker's ...
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Renault-Nissan Alliance posts record 2012 sales
The Renault-Nissan Alliance sold a record 8,101,310 vehicles in 2012, accounting for 1 in 10 new cars sold worldwide. The Alliance's calendar-year sales increased about 1 percent from 2011, with strong ...
BMW, Mercedes-Benz and Audi to launch hatchbacks in India
After a bad reception in China, German luxury automakers plan to introduce their hatchback models to India. Audi, BMW and Mercedes-Benz will introduce their small cars in India starting this year, ...
GAC Motors to Focus on the Overseas Emerging Markets
Guangzhou Automobile will focus more on overseas growth, according to a senior company executive. GAC Motor Group Vice President Xiangdong Huang said that the company aims at focusing on exports, part ...
Tata Group plans investments of more than $8.2 billion by 2015
Indian conglomerate Tata Group plans to invest more than 450 billion rupees ($8.2 billion) over the next two years, according to the company's new chairman. Cyrus Mistry, Tata's new boss, wrote ...
Ford Fiesta Sedan being offered in Asia
The North American based automaker Ford is currently offering a sedan version of the Fiesta on sale throughout Asia. The new generation of the Ford Fiesta has been around for quite ...
Renault considering new plant in Venezuela
Renault is considering the possibility of building a plant in Venezuela to increase its production capacity outside struggling Europe. Renault already has three plants in Latin America, in Argentina, Brazil and ...
Renault forecasts global car market will exceed 100 million units by 2020
Renault expects the global auto market to grow by almost 30 percent by 2020, despite Europe's current stagnation, COO Carlos Tavares said. Renault's chief operating officer told journalists he expected the ...
Mazda considering a new model smaller than the Mazda2
Mazda is considering the development of a Mazda1 model that would slot in its range below the Mazda2 and would increase sales in markets around the world. The project is now ...
Mercedes-Benz SUVs available as SKD kits for the first time
Daimler has announced that it will start the final assembly of the SUV model series for the new Mercedes-Benz M- and GL-Class in India, Thailand and Indonesia. It will be the ...

latest automotive news
Luxury Automakers Plan to Assemble Vehicles in India to Avoid Import Tax
Luxury automakers try to boost sales in India by assembling the vehicles in this country. As automakers have to pay a ...
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During the first quarter, premium-car market in China has dropped to 8.34%, representing a decline of 80% compared with the ...
Thieves Stole an Audi RS4 Quattro Avant from Bury St Edmunds Audi Dealership
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Audi Surpassed BMW in India Luxury Auto Sales
Audi managed to surpass BMW and become the largest seller of luxury vehicles in India. Over the past years the luxury ...
GM Stock Surpasses 2010 IPO Price
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PSA Workers at Aulnay Plant End Four-Month Strike
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VW April Sales Up 7%
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Tesla Plans to Repay Energy Department Loan
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Fiat Does Not Plan to Move Headquarters to the US
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