Toyota Ends Scion Brand After 12 Years, Models to Carry Toyota Badge
Toyota will discontinue its Scion brand in August 2016, rebranding existing models as Toyotas and ending a project that targeted younger buyers in the US market.
Coverage tagged Sales figures.
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Toyota will discontinue its Scion brand in August 2016, rebranding existing models as Toyotas and ending a project that targeted younger buyers in the US market.
Renault has confirmed plans to expand its presence in Iran, aiming to accelerate production and model launches following the lifting of international sanctions in January 2016.
Nissan reported record European sales of 715,623 vehicles in 2015, but its claim to be the continent’s leading Asian brand is disputed by Toyota’s higher figures.
Global registrations for the Toyota Corolla reached 1.34 million in 2015, outpacing rivals like the Volkswagen Golf and Ford Focus by a clear margin.
The 18 millionth Skoda, a Superb Combi in candy white, rolled off the Kvasiny line as the Czech firm invests in expanding its domestic production.
Several high-profile models struggled in 2015, with sluggish sales, poor reviews or abrupt cancellations highlighting misjudged bets by their manufacturers.
Alphabet’s CapitalG leads a $1 billion funding round for Lyft, raising its valuation to $11 billion and intensifying the US ride-hailing contest with Uber.
Manufacturers retire several well-known cars for 2016, from the Land Rover Defender to the Honda Accord Crosstour, as line-ups shift towards new models and market demands.
National Electric Vehicle Sweden has agreed to supply 250,000 electric vehicles to Panda New Energy, marking a major step in its post-Saab strategy.
Fiat Chrysler has purchased millions of greenhouse gas emissions credits from Toyota, Tesla and Honda to help meet US fuel efficiency requirements for the 2014 model year.
Honda’s premium division admits its sedans have lagged behind rivals and plans a renewed focus on improving these models, with changes expected to be visible from early 2016.
US new vehicle sales in November are projected to surpass previous records, with Black Friday promotions and strong consumer demand pushing the total towards 1.35 million units.
Fiat’s Abarth division will introduce new models next year, aiming to build on strong growth and expand its dealership network across key markets.
Jaguar Land Rover will report lower pre-tax profits for 2015 as major investment and the Tianjin port explosion hit both costs and sales, according to the company.
Volkswagen's global passenger car deliveries fell by 5.3 percent in October 2015, the first full month after the diesel emissions scandal broke, with sharp declines in key markets outside China.
Seat faces scrutiny within Volkswagen Group as the company seeks to reduce costs in the wake of the diesel emissions scandal and mounting financial pressures.
Investors await Tesla’s Q3 2015 results, but attention is focused on Model X output and the company’s ability to hit its full-year delivery goals.
US Volkswagen dealerships are offering incentives of up to $11,000 on new petrol and electric models as they struggle with unsold stock and regulatory blocks on diesel sales.
Fiat Chrysler Automobiles reported a €306 million net loss for the third quarter after booking €761 million for recall expenses in North America.
Tesla’s Model S delivered 10,600 units in Western Europe over the first nine months of 2015, overtaking the BMW 7 Series and Audi A8 in the luxury saloon segment.
The KBA has ordered Volkswagen to recall 8.5 million vehicles fitted with EA 189 diesel engines in Europe, as the company responds to the fallout from the diesel emissions scandal.
OPEC's strategy shift could push oil prices higher next year, putting pressure on US buyers of large SUVs and pickups that have thrived on cheap fuel.
Fiat is launching the Tipo compact family to take on Dacia’s value-led approach, aiming to capture buyers seeking affordable practicality in Europe.
Volkswagen saw registrations fall sharply in Japan and South Korea in September, with the diesel emissions scandal undermining its position in key Asian markets.