VW to unveil concept crossover intended to boost US sales, Source Monday, 08 December, 2014

BERLIN: Volkswagen will present a sport-utility concept vehicle in the United States next month, intended to increase its range in the lucrative crossover segment and boost sales in the world's second-biggest car market, company sources said. A five-seat variant of the seven-passenger SUV the German carmaker aims to build at its U.S. plant in Tennessee in 2016 will be unveiled at the Detroit auto show on Jan. 12-13, two sources said on Monday on condition ...


Russian car sales level off in November after steep fall, Source Monday, 08 December, 2014

MOSCOW: Car sales in Russia practically stabilised in November after going into free fall in summer and autumn because of the crisis in Ukraine, industry figures published Monday said. November saw sales of 229,439 cars, just 1.1 percent less than in November 2013. By contrast, in the summer months, car sales fell 20 to 30 percent year on year, and they were still down 10 percent year on year in October, the Association of European Businesses said in a re ...


Turkish Nov autos output 113,093 vehicles,, Source Monday, 08 December, 2014

ISTANBUL: Turkish automotive production was unchanged year-on-year at 113,093 vehicles in November, the Automotive Industry Association (OSD) said on Monday. In the first 11 months of the year, automotive output rose 1 percent to 1.05 million vehicles, the OSD said in a statement.


Spain's new car registrations surge 26pc in October, Source Tuesday, 04 November, 2014

MADRID  - New car registrations surged for a sixth straight month in Spain in October, jumping 26.1 percent over the same month in 2013, but with total sales still well below pre-crisis levels. Last month saw sales of 76,073 new cars, according to the automotive federation ANFAC. In September sales jumped by 26.2 percent against September 2013, thanks mainly to the government's "cash-for-clunkers" incentive programme, although the Spanish ...


Taking the road ahead on ebikes, Source Sunday, 26 October, 2014

KARACHI: It was almost like as if he was selling the ebike to me on the spot. After being flooded with the benefits of E bike, which the company labels as the first electric motor bike in Pakistan, it was a rather subtle no before we proceeded with the interview. What started as a MBA project survey in Karachi’s Institute of Business Administration (IBA) became Athar Ahmed Khan’s business plan – bringing electric motorcycles to Paki ...


European car sales accelerate 6.4pc in September: trade body, Source Friday, 17 October, 2014

PARIS: New car sales in Europe accelerated by 6.4 percent in September, with data released on Friday showing the thirteenth month running of increases as a recovery in the market spreads across the continent. The European Automobile Manufacturers Association said "substantial growth prevailed in all major markets" in the EU in September with nearly 1.24 million new cars sold. Spain led the pack, with sales jumping by 26.2 percent, thanks main ...


Volkswagen to recall more than 500,000 cars in China: report, Source Friday, 17 October, 2014

BEIJING: Volkswagen's Chinese joint venture will recall more than 500,000 cars in China due to a defect in the rear axles, state media said Friday. The German automaker, which has been in China since the 1980s, will recall a total of 581,090 cars, the official Xinhua news agency said, citing a statement from China's General Administration of Quality Supervision, Inspection and Quarantine. "The administration said it launched an investigation into ...


Rolls-Royce cuts forecasts on Russian sanctions, Source Friday, 17 October, 2014

LONDON: Rolls-Royce, the British maker of engines, announced on Friday that it was slashing its earnings forecasts partly as result of Western trade sanctions against Russia, causing a share price collapse. Rolls said underlying profit in 2015 would be flat at best compared with 2014 but could come in three percent lower. The company had previously expected earnings to grow next year. "In the last few months economic conditions have deteriorated a ...


Volvo Cars to add jobs, boost production in Sweden, Source Thursday, 16 October, 2014

STOCKHOLM: Chinese-owned Volvo Car Group said on Thursday it would add 1,300 jobs and boost production at a plant in Sweden in the first quarter to meet rising demand for its new cars. Gothenburg-based Volvo has already seen deliveries rise nearly 10 percent in the first nine months of the year and expects to sell about 470,000 cars for the whole year, representing a 10 percent increase over 2013 and an all-time sales record for the company. "The all ...


Production of automobiles goes up in July, Source Thursday, 09 October, 2014

ISLAMABAD: The production of various automobiles witnessed considerable increase during the first month of current fiscal year (July 2014) compared to the production of the same month of last year. According to the data of Pakistan Bureau of Statistics (PBS), the production of trucks witnessed increase of 30.12 percent in July 2014 compared to the output of July 2013. As many as 216 trucks were manufactured in July 2014 compared to the production of 166 t ...

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