Daily Archives: August 7, 2014

UK New car sales continue to soar

UK Ford Focus - UK New car sales continue to soar

New car sales in the UK show no sign of abating, with registrations rising for the 29th consecutive month.

Volvo Car Group July retail sales up 8.3 per cent

Volvo S60 R-Design - Volvo Car Group July retail sales

Volvo Cars’ global sales up 8.3 per cent, strong growth in China and Europe

  • Global sales of 36,438 cars, up 8.3 per cent versus July last year
  • China sales up 47,8 per cent
  • Volvo Cars’ thirteenth consecutive month of growth
  • Year-to-date sales of 265,451 cars, an increase of 9.3 per cent versus 2013

Tesla: $316 per share Here We Come

By Ben Levisohn

So many analysts base their bullish outlooks for Tesla on its long-term potential that it’s refreshing to see one that’s looking out only to 2016.

Toyota profit up nearly 5 percent on sales growth

A visitor walks around a Toyota showroom in Tokyo, Tuesday, Aug. 5, 2014. Toyota Motor Corp. reported a better-than-expected rise in quarterly profit as vehicle sales grew in North America and Europe, offsetting a drop in Japan. (AP Photo/Shizuo Kambayashi)

By YURI KAGEYAMA

Toyota reported a 5 percent jump in quarterly profit Tuesday, outpacing expectations as vehicle sales grew in North America and Europe, offsetting a drop in Japan.

China to punish Audi, Chrysler for ‘monopoly’ acts

An Audi sits outside a car dealership in Shanghai on August 6, 2014

By Bill Savadove

China stepped up pressure on foreign carmakers in the world’s biggest auto market Wednesday, pledging to punish German luxury brand Audi and Chrysler of the United States for “monopoly behaviour”.