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China: BMW CEO forecasts lower margins with higher sales


The chief of the German company’s China business foresees earnings from profit margins could take a hit because the luxury automaker is increasingly localizing production in the world’s largest auto market. While margins would continue to dip from the move to increase local production output, the leader of the China unit, Karsten Engel, thinks that increased localization would allow BMW to ...
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China: VW ascension expected to slow down to 10% in 2014
Volkswagen AG counts on China to remain its primary worldwide market, but due to a conservative strategy that imposed more limitations on the local capacity growth, sales in the country ...
Is China approaching its automotive peak?
While automotive executives are pushing for increased spending, output and better positioning in China – the world’s largest auto market – analysts warn that the country’s decade long car sales ...
China: October sales climb just 2.8%
The Chinese auto industry, the world’s largest market, has shown its first signs of weakness, with sales in October further slowing down to a 2.8% positive result. The country’s auto business ...
Land Rover sales slowdown makes for smaller Tata Motors profit
Tata Motors, India’s largest carmaker and the parent company of British automaker Jaguar Land Rover saw its quarterly profit missing analyst estimates. The Mumbai-based company reported that because its Jaguar Land ...
UK: Sales going up in October, but growth could slow down
Last month’s new-car registrations in the United Kingdom were buoyed by the availability of cheap credit, with the total for the first ten months exceeding the 2 million units milestone. Recently ...
US auto sales should continue their growth in October
Just a few hours from now we’ll know if analysts, executives and industry observers were right – with a Reuters poll putting the US auto industry on a moderate ascension ...
Renault boosts third-quarter revenue through rising prices
The French automaker has said that its third-quarter revenue was up 6.7%, buoyed by price increases that managed to compensate weaknesses in certain regions. Renault’s quarter revenue was up on the ...
FCA’s growth plans clouded by Latin American outlook
The recently merged Fiat Chrysler Automobiles is aiming to increase sales in the Latin American region by 44% over the next five years – part of a very ambitious strategy ...
China: auto sales growth slowing to 7% in 2014
The chief of a Chinese auto industry body has predicted that the world’s largest auto market – China – could face a slowing sales increase this year because of an ...

latest automotive news
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Nov.22 (GMM/Inautonews.com) F1's three angry teams seemed slightly less angry on Saturday after a meeting with Donald Mackenzie. The usually paddock-shy ...
Marlboro chief to replace Ferrari boss Mattiacci
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No Force India seat for GP2 champion Palmer
Nov.22 (GMM/Inautonews.com) Force India has played down Jolyon Palmer's hopes of moving into formula one next year. With Sergio Perez ...
Caterham may use 2014 engine next year
Nov.22 (GMM/Inautonews.com) Caterham may have to use a 2014 engine if it is to make it onto next year's ...
Red Bull wants louder, cheaper V6 power for F1
Nov.22 (GMM/Inautonews.com) Red Bull has proposed a new engine formula for the sport. Struggling with Renault power all season, the ...
Big chance of showdown crash in Abu Dhabi – Lauda
Nov.22 (GMM/Inautonews.com) Niki Lauda has admitted it is possible Sunday's championship showdown will end with a crash. Mercedes duo Lewis ...
Van der Garde denied pass for Abu Dhabi – report
Nov.22 (GMM/Inautonews.com) Giedo van der Garde was denied access to the Abu Dhabi paddock, the Swiss newspaper Blick reports. The ...
F1 civil war rages on in Abu Dhabi
Nov.22 (GMM/Inautonews.com) The civil war in formula one continues to rage. Earlier, the governing FIA summoned Bob Fernley (Force India), ...
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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 ...
Sainz deserves Toro Rosso seat – da Costa
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Alonso’s Ferrari failure ‘hard to grasp’ – Trulli
Nov.22 (GMM/Inautonews.com) Jarno Trulli has admitted he is surprised his old F1 teammate Fernando Alonso did not make his ...
McLaren runs Red Bull front wing ‘copy’
Nov.22 (GMM/Inautonews.com) McLaren's new front wing bears a striking resemblance to the one fitted to the 2014 Red Bull. In ...
Vettel one of 60 new signings at Ferrari – report
Nov.21 (GMM/Inautonews.com) Sebastian Vettel may be joining Ferrari at just the right moment. The fleeing Fernando Alonso revealed in Abu ...
Hyundai i10 Sound Edition gets priced
Hyundai has announced the official starting price of the new i10 Sound Edition, across the Old Continent. The Hyundai i10 has ...
Confirmed – Audi Q8
A new SUV will be soon put into development by Audi and this will be known as the Q8. Rumors on ...
Renault Twingo RS caught naked
The new generation of the Renault Twingo RS has been caught naked by our spy photographers. The newest batch of spy ...
Meet the Kia Sorento X-Men
The South Korean based automaker Kia has recently unveiled a new promotional vehicle, in the shape of the Sorento, which ...
Mercedes-AMG GLC63 spied
The brand new Mercedes-Benz GLC has been caught on camera once again, while it was being tested out, in its ...