Monthly Archives: January 2015

Volvo may expand export markets for China-built cars beyond U.S.

Volvo may expand export markets for China-built cars beyond U.S.

Volvo Car Group, which will start shipping Chinese-produced midsize sedans for sale in the United States later this year, may add additional export markets in the Asia-Pacific region and elsewhere, CEO Hakan Samuelsson said.

Toyota Mirai FCV, 1,400 units already ordered

Toyota Mirai FCV, 1,400 units already ordered

The Nikkei reports that Toyota will further boost its production capacity for the Mirai fuel cell vehicle to 3,000 units by 2017, based on demand in Japan and the company’s plans to introduce Mirai into other markets. In December 2014, the Nikkei reported that Toyota would invest some $165 million to triple capacity; the new report envisions a quadrupling of the original plan.

AEB says, Russia car sales to drop 24%

AEB says, Russia car sales to drop 24%

Russian car sales are likely to drop by 24 percent this year after falling 10 percent in 2014 as the country heads for recession, an automakers lobby group forecast.

VW crosses 10 million sales mark

Volkswagen Group delivered more than 10 million vehicles for the first time in 2014, reaching the annual-sales milestone four years earlier than originally targeted on the back of strong growth in China.

Deliveries, including Porsche and Audi cars and MAN and Scania heavy trucks, rose 4 percent to 10.14 million vehicles last year, the manufacturer said in a statement.

Marchionne sees Fiat Chrysler breaking even in Europe this year

Fiat Chrysler Automobiles is turning the corner in Europe and may break even in the region at an operating level ahead of schedule as a focus on premium vehicles for export is starting to pay off.

“In 2015, we could break even at the operating level (in Europe),” CEO Sergio Marchionne said at the Detroit auto show in comments later confirmed by a spokesman.