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US: scorching summer sees hot auto sales in July

US: scorching summer sees hot auto sales in July

New vehicle deliveries are forecasted to remain strong in July as the overall US auto industry is heading towards its best year in a decade even as uncertainty grows because the country’s economic growth is now slowing. According to forecasts from Kelley Blue Book and J.D. Power, deliveries of new […]

Audi outs China boss as demand drop lifts off

Audi outs China boss as demand drop lifts off

Volkswagen Ag, the second largest automaker in the world and the biggest in Europe, counts on its Audi AG luxury division for a hefty portion of its profit, which means when things go south there the entire group is potentially in peril. Audi announced it would move to replace its […]