Western European car sales rose 4 percent in June, according to industry data collated by LMC Automotive, as a market rebound in southern Europe offset weaker demand in Germany.
Ford says Mondeo platform shared with Lincoln will boost sales
Ford says its new Mondeo will compete better in Europe’s shrinking mid-sized segment because it has a sophisticated new platform that was also designed to underpin the automaker’s U.S. luxury brand.
Shareholders reject Tata Motors executive pay proposal
By Avantika Chilkoti in Mumbai
Shareholders have rejected a pay proposal for three senior executives at Tata Motors, the struggling Indian carmaker, highlighting a trend towards greater investor activism in Asia’s third-largest economy.
UK car sales increase to a nine-year high
UK new-car sales reached a nine-year high in the first six months, rising 11 percent to 1.3 million.
China’s BAIC Motor Hires Banks for a $2 Billion I.P.O.
The Chinese carmaker BAIC Motor, partly owned by Daimler of Germany, has hired four banks for an initial public offering in Hong Kong worth up to $2 billion.
