Volkswagen’s Czech unit Skoda expects to return to sales growth this year thanks to a build-up of orders and signs of recovery in many of its markets, the carmaker said on Monday after posting a 25.5 percent drop in 2013 profit.
Skoda is counting on the launch of new models to propel it towards a goal of selling 1.5 million cars annually by 2018 and has said it is set to hit 1 million for the first time in 2014.
Even though there has not been a real revolutionary breakthrough in the way our cars are powered, except electric cars, the modern day combustion engine features high tech technological innovations that over hundred years ago were hard to imagine.
Toyota said Monday it has shut down production at its two auto-assembly plants in India, locking out 6,400 workers amid testy wage negotiations and allegations of threats against management.
Renault and alliance partner Nissan detailed plans to combine key operations under a new team of managers to pursue greater economies of scale.
Japanese executives from Nissan will take core new engineering and manufacturing leadership roles under the plans while Renault executives will head purchasing and human resources for the alliance.
BMW will recall an unspecified number of vehicles proactively in China after months of consumer complaints over a potentially defective engine control component.
BMW said in a statement that was released on Friday via the Sina Weibo microblog that it had started a “full investigation” into a potential bolt problem with VANOS — a device used in BMW engines that controls air intake and exhaust valves.
