Following PSA’s exit from Iran last year, Renault is the latest French car maker to leave the Middle Eastern country, thanks to American derived sanctions.
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Spurred by increased sales in China, Kia’s second quarter profits were up 7.7% from last year, to 1.18 trillion won ($1.06 billion), exceeding analysts expectations slightly. Revenue was up 4.4% to 13.1 trillion won ($1.168 billion).
After a French court lifted that country’s ban on Mercedes-Benz cars equipped with R134a air conditioning refrigerant, saying that the French ministry for the environment must reevaluate their decision to block those cars, Daimler said that it was “very confident’ that the French government will abide by that court ruling. R134a has been banned for use in new model cars by the EU since the start of 2013.
As part of an announced technical partnership between AMG, the performance subsidiary of Mercedes-Benz and Britain’s Aston Martin, Daimler will buy up to a 5% interest in the luxury performance car maker. The agreement will give AM “significant access” to the technical resources of both AMG and its parent. Aston Martin will use those resources to develop V8 engines and have access to Mercedes Benz’s electronic architecture and components. Read More >
Well, folks, I’m sure you’ve heard the news: Nissan is cancelling the Altima Coupe. This, I believe, will affect many of us. You, for instance, might read my opening line and think: I MUST GET ONE BEFORE IT’S TOO LATE. If that’s the case, I strongly suggest visiting a Nissan dealer before supplies dry up, likely sometime in early 2015.
General Motors said that costs associated with the launch of their redesigned pickup trucks and weaker results in Asia (except for China) lowered net income for the second fiscal quarter of 2013 by 19% from last year, to $1.2 billion.
Buoyed by stronger U.S. sales driven in part by cheaper prices allowed by the weaker yen, Nissan reported a quarterly profit of ¥82.02 ($818.9 million), beating estimates by about $50 million, up ~$100 million from last year’s quarter (In Nissan’s fiscal year, the second quarter).
The used baby-shit green AMC Gremlin arrived in the Stork’s driveway about the time their long lived 1967 Chrysler Newport made its last tip out of the driveway and into its final resting place in the forested acreage behind the house. The oil shock had meant a lot of changes, but Wayne had been willing to deal with the high prices so long as it hadn’t meant purchasing a new car, but by the time the old Chrysler finally gave up the ghost it was a given that the next vehicle he purchased would be smaller and more fuel efficient. Compared to the Chrysler, the Gremlin was smaller and more fuel efficient, but compared to my family’s Opel Kadett it was an anachronistic piece of junk. It’s a wonder it lasted an entire year before it broke down. Read More >
These are said to be some of the first production photos of the BMW i3 electric vehicle. In the USA, the i3 will start at $42,275. Pricing for the optional range extender hasn’t been announced, but in Europe, the option is expected to retail for an additional 4,000 euro.
Nearly 9 years ago, a small car from an obscure, nearly-defunct Romanian brand was launched with little fanfare. The Dacia Logan was – and still is – a basic vehicle designed to be sold for very little money and provide honest, basic transportation for emerging markets. Few would have predicted that in nearly a decade of sales, it would spawn Renault’s top-selling nameplate while bringing in profit margins that were once reserved for premium marques.
Chrysler CEO Sergio Marchionne may not be fond of changing up his outfits, but he certainly has no problem mixing up product plans. The latest news out of Auburn Hills suggests that Chrysler will be extending the lifespan of some key products for up to another 5 years.
One of the things that makes Murilee Martin’s Junkyard Find series so engaging is not just his fine writing and photography, it’s the elegiac nature of the subjects and their settings. As with any elegy it’s hard to come away without a sense of sadness, at what was and is no longer and at what could have been and never was. I was uploading some images for a post that I was writing and I noticed that Murilee was working on another Nash Metropolitan Junkyard Find. The “little Nash Rambler” is such a cheerful, happy looking car, one that never fails to bring a smile to faces of both their drivers and those who see those drivers motoring around in their Metropolitans, that they look particularly forlorn sitting waiting to get recycled into scrap steel. I thought that some of you might enjoy seeing some Metropolitans that are treasured, not trashed. Read More >
Once the merger he plans for Fiat and Chrysler goes through, Sergio Marchionne says that Fiat-Chrysler could be registered as a corporation in the Netherlands, not Italy or the United States. Marchionne wants to have the combined company’s primary stock listing on the New York Stock Exchange and rules for corporate governance in the Netherlands are similar to those in the States.
Despite planning to sell 486,000 units in America this year, Volkswagen has trimmed its sales targets to 440,000 units, after shedding market share in the first half of 2013.
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