In a new report, Navigant Research estimates that nearly 84.1 million new light-duty vehicles (LDVs) will be sold globally in 2014, putting more than 1.2 billion vehicles on the world’s roads.
Monthly Archives: May 2014
PSA taps Renault’s former China chief to head DS brand in Asia
PSA/Peugeot-Citroen has hired Renault’s former China chief, Chen Guozhang, to oversee its upscale DS brand in Asia, reported China Business News, a Shanghai-based daily newspaper.
VIA acquires Prodigy engineering an EV design company
VIA Motors, a privately held plug-in electric vehicle development and manufacturing company, has acquired Prodigy Engineering, an electric vehicle design, engineering and prototyping company. Prodigy has been under contract with VIA to prototype new vehicle models for the company’s expanding portfolio.
Fiat Chrysler plans small, finance-focused staff for new London HQ
Fiat Chrysler Automobiles’ new London headquarters will have a staff of about 50 people, most of whom will have a finance background, said two people familiar with the details of the automaker’s plan to shift its tax residency to the UK.
Porsche adds second SUV
Porsche hopes its Macan compact SUV will be able to repeat the success of its Cayenne, which accounted for 84,000 of the sports car maker’s 162,000 global sales last year.
