Despite slowdowns in China, Russia and Asia, Volkswagen surpassed Toyota in global auto sales by delivery in the first half of 2015, Automotive News Europe is reporting.
Volkswagen sold 5.04 million cars in the first six months of 2015, compared to 5.02 million for Toyota, according to the report. Sales were down 1.5 percent and 0.5 percent for Toyota and VW respectively.
GM was the third-largest automaker with 4.86 million vehicles.
General Motors will invest $5 billion to build a global line of cars with Shanghai-based SAIC Motors that will be sold in Brazil, China and other emerging markets, the automaker announced Tuesday.
The cars won’t be sold in the United States, according to the statement.
The global vehicles will go on sale starting in 2019 and the automaker expects the line to eventually produce roughly 2 million cars annually.
More and more automakers are looking at exotic locales to produce their wares (us Canadians can consider Mexico exotic thanks to its ice-free beaches) as they expand their brands and explore in-roads to untapped markets.
For Jeep, that means investing in a shared money-printing press with an unlikely partner: Tata, the parent company of Land Rover. FCA will put $280 million USD into joint venture Fiat India Automobiles Private Limited which, since 2007, has solely produced Fiat models.
Once upon a time, Volkswagen lived up to its name by providing a low-cost car for the people. Now, the automaker has plans to do so once more.
It’s not often a car company, or any group of people for the matter, will admit mistakes – particularly billion dollar mistakes. That’s why the launch of the all-new Tata GenX Nano is refreshing. Based on former CEO Ratan Tata’s dream of moving Indians who transport their entire families on scooters and motorcycles into safer – albeit, basic – four wheeled automobiles, the very fact the original 2009 Nano was the least expensive car on sale anywhere in the world proved to be an albatross around the Nano’s tiny neck. Even Indians aspiring to the middle class of a developing country, it turns out, aspire to be seen in something other than the cheapest car in the world. They’d rather buy a used Maruti Suzuki Alto 800, the hatchback that more or less defines India’s entry level car segment. In recognition of that reality, the new GenX Nano will now be positioned as an entry level hatchback to more directly compete with the Alto 800, Hyundai Eon and the newly announced Renault Kwid. Read More >
Fiat, in conjunction with Tofaş R&D, revealed its new compact three-box Aegea sedan project at the Istanbul Motor Show. The new sedan, which will get a different name when it goes to production, is the first of three new models to be introduced for the EMEA region, replacing the Linea sedan and Bravo hatchback.
As the Datsun brand stumbles in India, Renault-Nissan unveiled the Kwid Wednesday to take on the challenge of beating the best-selling Maruti Suzuki Alto.
Hitting showrooms Tuesday, Tata Motors announced its latest variant of the Nano city car: the GenX Nano.
Hyundai is planning on building a factory in Mexico, but only after annual domestic sales in the country rise to appropriate levels.
Aiming to build confidence among Chinese consumers, Tesla CEO Elon Musk has pledged his company will begin local production in China within three years.
Demand from the Middle East and Asia has helped fuel a new record in U.S. auto exports for the third consecutive year.
Chinese Internet overlord Baidu is buying a major stake into everyone’s favorite transportation network company, Uber.
Today, 50 units from Nairobi-based manufacturer Mobius are set to be delivered to customers, marking the first step for the company as it aims to prove Kenya — and the continent of Africa — can produce just as well as it supplies raw materials.
Chinese automotive sales are still growing, but at the lowest rate in the past 19 months as demand cools.
Last year, Renault-Nissan resurrected Datsun, positioning the brand for emerging markets — like India, Russia and Indonesia — with a portfolio of models that would attract new, young consumers whose wallets were a bit thin.
It’s not quite working out thus far.
Recent Comments