Chinese carmaker Qoros expects to sell more than 10 percent of its cars in Europe.
Daily Archives: June 6, 2014
Tavares says, PSA will defend its position as Europe’s No. 2 carmaker
PSA/Peugeot-Citroen will defend its position as Europe’s No. 2 carmaker after Volkswagen Group, CEO Carlos Tavares said at the Automotive News Europe conference.
Auto Leases: Sweet Deals or Honey Traps?
In the US one in every four new cars goes off the dealer lot in a lease, not a conventional purchase.
“That is abruptly up from 11% of new vehicles as recently as 2009,” said Jesse Toprak, chief analyst at Cars.com.
UK New car registrations reach 10 year high in May
The UK car industry is enjoying its strongest period of growth for a decade, according to the Society of Motor Manufacturers and Traders (SMMT). New car registrations increased 7.7 per cent in May to 194,032 units – the most in May since 2004.
Chrysler recalls 10,700 SUVs for cruise control defect
Chrysler said it was recalling about 10,700 sport utility vehicles to fix a defect that leads to unintended acceleration in cruise-control mode.
