Sunday 13 July 2014

European car sales sink to 20-year low in H1

European car sales slumped to their lowest six-months total in 20 years in the first half of 2013, with a 6.3 percent drop in June suggesting no let up for an industry battered by overcapacity and weak demand. European automakers


Japan auto output slumps; Toyota to lose crown

Toyota Motor Co is set to lose its crown as the world's largest automaker after Japan's earthquake and nuclear disaster slashed local output by almost two-thirds in March.    Japan's auto sector has been hit hard by the dis


Top automakers to unveil new models at show

Mercedes, Volkswagen and Nissan will unveil their new models for the first time in the Middle East at an upcoming automobile show in Sharjah. The 10th edition of International Automobile Show (IAS) will run from October 14 to 18 at Expo Ce


Automakers beat forecasts, stay cautious

Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit. Toyota Motor Corp, the world&#


Rough ride ahead, warn automakers

Top automakers including General Motors Corp (GM) warned of tough times as the Paris Auto Show opened on Thursday amid concerns that slowing demand could force production cuts and job losses. The event opened under a cloud as makers strugg


Automakers scramble to offer fuel efficiency

Chrysler has outlined plans to launch a new car-based SUV modeled after the Jeep Cherokee, as other major automakers took the spotlight at an industry conference to pitch their own hurried responses to the surging demand for more fuel-efficient ca

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