Peugeot Targets Growth Beyond Europe With 301 Sedan Launch
The Peugeot 301, a compact sedan developed for emerging markets, marks the French brand’s push to reduce its reliance on struggling Western European sales.
Coverage tagged Sales figures.
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The Peugeot 301, a compact sedan developed for emerging markets, marks the French brand’s push to reduce its reliance on struggling Western European sales.
October 2012 saw new car registrations in Western Europe slip 4.9% year-on-year, with France and Italy particularly affected, while the UK bucked the trend with double-digit growth.
Tesla posted a third-quarter loss of $110.8 million while doubling Model S production, with the company missing its original 2012 output target despite surging demand.
Toyota is weighing a major redesign of the Prius for its next generation, aiming to move beyond the familiar wedge shape in a bid to boost global sales.
Sergio Marchionne’s restructuring plan will see Lancia dropped, with Fiat, Alfa Romeo, Maserati and Jeep each set for new strategic roles in the group.
Mercedes-Benz do Brasil has secured contracts to supply over 1,700 Atego trucks to the Ministry of Defence and 400 Sprinter ambulances to the Ministry of Health, with deliveries underway and completion expected by 2013.
Industry forecasts point to US new vehicle sales reaching at least 15 million units in 2013, driven by pent-up demand, credit availability and a wave of new models.
Volkswagen will ship 200,000 Europe-built vehicles to China in 2013 and invest €3.4 billion in Brazilian operations as European demand falls.
Nissan will repay Chinese customers whose cars were destroyed during anti-Japan protests, covering both vehicle losses and medical costs for those injured.
Mercedes-Benz will scale back S-Class output at Sindelfingen, moving to a single shift and reassigning workers, after European sales of the flagship saloon fell sharply in 2012.
New car registrations across Europe fell 10.8% in September 2012, with only the UK market showing growth as most major brands reported double-digit declines.
The facelifted 2013 Acura ZDX arrives with updated styling and more standard equipment, but Acura has confirmed the slow-selling crossover will be dropped within months.
Interbrand’s 2012 Best Global Brands report puts Toyota 10th overall and ahead of all other carmakers, with Mercedes-Benz and BMW following closely behind.
Honda maintained steady sales through 2012’s global downturn by focusing on fuel-efficient models, strong brand loyalty and a reputation for reliability, even as rivals struggled.
Mazda faces a European backlog of 15,000 CX-5 crossovers and is stretching global capacity to 200,000 units to keep up with orders.
Volkswagen Group’s luxury marques, now including Porsche, contributed 54 percent of group earnings in the first half of 2012, overtaking the volume brands for the first time.
Citroën CEO Frédéric Banzet says the brand’s World Rally Championship team must reduce its spending amid declining European sales and uncertain series promotion.
The 2013 Mercedes-Benz B-Class B180, featuring a 1.6-litre turbo petrol engine and seven-speed dual clutch, enters the Indian market as a premium family MPV.
A sharp increase in Spain’s value-added tax in September 2012 sent new car sales tumbling, as buyers faced higher prices and continued economic uncertainty.
Rolls-Royce Motor Cars has opened a new dealership in Osaka and expanded its retail space in Tokyo and Yokohama, responding to growing demand in Japan.
Strong appetite for ultra-luxury cars in Asia is set to push Rolls-Royce to a second consecutive annual sales record, even as European markets remain weak.
Consultants forecast Western European new car sales will not return to pre-crisis levels before 2020, with demand still well below the 2007 peak.
Consumer Reports ranked the Chrysler 300 above its direct competitors from Ford and General Motors, citing improvements in handling, comfort and fuel economy after the 2011 redesign.
With US government still holding a major stake, GM’s share price and losses in Europe have renewed debate over its stability just three years after its historic bankruptcy.