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Skoda to sell more than 940,000 cars this year


Skoda Auto, a unit of Volkswagen Group reiterated its outlook for full-year deliveries to be above 2012 when the company sold 939,200 vehicles. Skoda sold 464,600 vehicles in the first half - down 6 percent compared to 2012. The biggest Czech exporter said he first half had been affected by a switch to new models as well as weak overall demand for ...
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More overcapacity articles

Analysts Predict European Auto Plants Will See Improvement in 2016-2017
Analysts predict that the overcapacity issue at European auto plants will improve in about three years. "We expect the situation to get healthier when the production volumes will have recovered, i.e. ...
Opel may build Mokka subcompact SUV in Spain
General Motors Co’s European division, Opel, plans to shift a large part of its Mokka subcompact SUV production from South Korea to Europe, in Spain, German newspaper Handelsblatt reports citing ...
Opel and Vauxhall plants to build cars for other GM brands
General Motors is set to approve making non Opel Vauxhall brand models in its European plants, including its UK plant at Ellesmere Port. GM Europe president Steve Girsky said the company ...
Report: Maserati Levante SUV to be built in Italy, not the U.S.
Chrysler will not build the Maserati SUV at its plant in Detroit as the demand for the Jeep Grand Cherokee is stronger. The Maserati Levante will be built in Italy instead, ...
Survey: Auto execs plan to increase investments in plants and distribution
More and more auto executives around the world say they are planning to increase investments in plants and distribution networks as fears of overcapacity decline. According to a survey released today ...
Russian Auto Output to Increase Risking Overcapacity
Analysts believe that Russian auto industry is close to reach the same overcapacity problem with which the rest of Europe confronts. The warning comes after Avtotor Holding formed a partnership in ...
Fiat may need to close at least two plants in Europe, analysts say
To limit losses in Europe as its market share falls, Fiat aims to transform underused plants into export hubs for more expensive vehicles from Jeep, Alfa Romeo and Maserati. Still, the ...
Plastic Omnium to stop making bumpers in Germany
French plastic processing company Plastic Omnium announced it will cut output in Germany by halting the production of auto bumpers. Plastic Omnium blames the shrinking car market in Europe and also ...
EU Industry Commissioner vows to help Europe’s car sector
EU Industry Commissioner Antonio Tajani today promised to take action to help Europe's suffering carmakers. Tajani said he will address the automotive sector's problems and restructuring in “an urgent and co-ordinated ...

latest automotive news
2015 Ford Mondeo arrives in Romania – short test drive inside
Ford Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, ...
Ricciardo pace ‘a factor’ in Vettel exit – Horner
Dec.20 (GMM/Inautonews.com) Daniel Ricciardo's surprising pace was "probably a factor" in the decision taken by Sebastian Vettel to leave ...
Ecclestone determined to change 2016 engine rules
Dec.20 (GMM/Inautonews.com) Bernie Ecclestone has confirmed reports he remains determined to shake up F1's engine rules. We reported that, at ...
De la Rosa leaves Ferrari, Vergne signs up
Dec.20 (GMM/Inautonews.com) Ferrari has confirmed speculation Pedro de la Rosa is vacating his test-driver post. It was rumoured the 43-year-old ...
2016 CT6 Cadillac gets streaming rearview technology
The streaming video rearview technology will expand the driver’s vision in the upcoming 2016 CT6, eliminating any rear seat, rear ...
US: Ally gets out of 6 years bailout
Ally Financial Inc. stated that it would finally resolve its bailout after the U.S. government will sell the last $1.25 ...
Daimler puts aside €600 million for EU antitrust investigation
The Germany-based company, Daimler, stated on Thursday it is putting aside 600 million euros to cover any potential costs that ...
Renault-Nissan and AvtoVAZ merge into Russia’s biggest auto parts buyer
AvtoVAZ and the Renault-Nissan alliance will come together in terms of purchasing activities in Russia. The merged unit will now ...
Report – Volkswagen will meet its 2017 cost-cutting goal
Volkswagen CEO, Martin Winkerton, has said according to a source that the carmaker is on the right track to reach ...
GM’s bankrupt predecessor helps customers get the $10 billion compensation
General Motors customers gained a new friend in their run for the compensation worth $10 billion. The automaker’s bankrupt predecessor ...
F1 to have new engine rules in 2016 – report
Dec.19 (GMM/Inautonews.com) F1 is now speeding towards yet another new set of engine regulations. On Thursday at a Geneva meeting ...
GM and Jaguar Land Rover stopped deliveries to Russia
In response to the slide in the rouble’s value, automakers, General Motors and Jaguar Land Rover included, decided to stop ...
Uber wants to patent its gouging prices
While critics accuse Uber of price gouging over the high fees asked in Sydney for the people who were fleeing ...
Ford closes Genk Plant in Belgium
With a production of around 14 million cars over the past 50 years, Ford shut the doors of its plant ...
Price of U.S. gas reaches under $2.50 a gallon
U.S. drivers are paying less than 2.50 dollars a gallon at the gasoline pump for the first time in more ...
Toyota will invest $126M to expand powertrain operations
Toyota announced today that it will invest $126 million in the expansion of its powertrain operations in Ann Arbor and ...
Spyker declares bankruptcy
On Tuesday, Spyker, the Dutch sportscar maker which owned Saab, was declared bankrupt when not succeeding to secure a loan ...
Mazda readies seven tuned cars for its home Tokyo Auto Salon
The Japanese automaker has prepared seven tuned models, all of them scheduled to make their official public debut during the ...