Volkswagen is closing in on Toyota as the global leader in vehicle sales, with a rapid expansion drive in China – the world’s biggest auto market – while Toyota curbs growth to focus on shoring up quality.
Daily Archives: July 31, 2014
GM sued over deaths, injuries linked to ignition switch
By Jessica Dye
General Motors was hit Tuesday with a lawsuit brought on behalf of more than 650 people allegedly injured or killed in accidents involving cars that have been recalled this year for faulty ignition switches.
Italy considering incentives to boost ‘fragile’ car market
The Italian government is considering offering tax incentives to encourage new car purchases by both private and public sector owners, Transport Minister Maurizio Lupi said.
CEO Carlos Tavares returns PSA’s car division to profit
PSA/Peugeot-Citroen reported a surprise surge in first-half cash flow and the first auto-division profit in three years, as its turnaround plan began to show results.
Ford’s Profit Explosion
By Briton Ryle
As of Monday, you could place your order with a Ford dealer for a brand new 2015 F-150. The F-150 is the best-selling truck in history, and it has been the best-selling line of vehicles for 32 straight years. Ford sold 763,402 of them in 2013.
