GAC FCA Joint Venture Establishes Automotive Sales Company to Support China Growth Strategy
Jul 17, 2015
Today, GAC Fiat Chrysler Automobiles Co., Ltd. (GFC), the existing joint venture company of Fiat Chrysler Automobiles N.V. (FCA) and Guangzhou Automobile Group Co., Ltd. (GAC), announced its intention to form a new wholly owned sales company, GAC Fiat Chrysler Automobiles Sales Co., Ltd. ... Continue reading
June 2015 Fiat Chrysler Automobiles Sales in Europe
Jul 16, 2015
FCA outperformed the European industry average once again in June with a 17.7% year-over-year increase in passenger car sales. The Group was leader in the European A segment for the 30th consecutive month, with the Fiat 500 and Fiat Panda accounting for a combined 27.7% share. The Fiat 500L ranked first in the Small MP ... Continue reading
Magna Enters Into Agreement to Acquire Getrag
Jul 16, 2015
Magna International Inc. (TSX: MG, NYSE: MGA) today announced that it has signed an agreement to acquire the Getrag Group of Companies ("Getrag"), one of the world's largest suppliers of automotive transmissions. Getrag has an 80-year history in transmissions and is a technology leader, offering a range of transmission ... Continue reading
Honda HR-V Arrives in Europe After Huge Success in Japan and the USA
Jul 15, 2015
Since going on sale in Japan in late 2013 as the Vezel, the new Honda SUV’s unique blend of style, space and versatility has catapulted it towards the top of the sales charts. In Europe it will be sold as the HR-V when it arrives in September. ... Continue reading
Online Shopping Growth Define Ford Transit's Business Impact in its 50th Year
Jul 15, 2015
A half century after Ford introduced the iconic Transit, commercial vans still make a significant and growing economic contribution, according to a new study. The Centre for Economics and Business Research report shows that van-dependent businesses contributed a total of £415 billion to the major economies of France, ... Continue reading
FCA US and the UAW Open Bargaining
Jul 15, 2015
FCA US and the UAW officially opened negotiations today on a new collective bargaining agreement for its 39,000 represented hourly employees with a ceremonial handshake at the UAW-Chrysler National Training Center in Detroit. ... Continue reading
New-Car Affordability Rises 9 Percent as Incomes Outpace Prices
Jul 15, 2015
Requisite Press, LLC reported today a June 2015 Auto Buyer's Affordability Index (ABAI) of 57.4, indicating that a prudent, median-income household can afford 57.4 percent of the new-car average price. The index is up nearly 9 percent from June 2014 (52.7) and has increased every month so far this year. However, in lig ... Continue reading
Scania: Record High Market Share in Europe
Jul 14, 2015
Scania AB (STO:SCVA) (STO:SCVB) âThe feedback from our customers shows that we have really met the high expectations placed on our Euro 6 engine range and that demand in our major European markets is goodâ Scaniaâs market share in Europe reached a record high 17.2 percent during the first half of 2015. T ... Continue reading
FCA US Second-Quarter 2015 Financial Results Analyst Call and Webcast
Jul 14, 2015
FCA US LLC will host a webcast and conference call to review and discuss second-quarter 2015 financial results on Aug. 5, 2015, at 11:30 a.m. ET/ 4:30 p.m. UK/ 5:30 p.m. CET. The call will include a presentation followed by a brief question-and-answer session. ... Continue reading
Details of Ford Motor Company's July 28 Briefing on 2015 Second Quarter Results
Jul 14, 2015
Ford Motor Company will release its 2015 second quarter financial results at 7 a.m. EDT Tuesday, July 28. The following briefings will be conducted after the announcement:At 9 a.m. EDT, Mark Fields, Ford president and chief executive officer, and Bob Shanks, Ford executive vice president and chief financial o ... Continue reading
PSA Peugeot Citroen's Worldwide Sales Up 0.4% to 1,547,000 units
Jul 13, 2015
Worldwide sales up 0.4% to 1,547,000 units[1] Sales advance in Europe, China, India-Pacific and Middle East & Africa now the Group's third largest growth market Assertive brand positioning: Worldwide success for the Peugeot 308, the brand's bestselling model Citroën C4 Cactus gets seal of approval with 90,000 units ... Continue reading
Jul 13, 2015
Identifix develops proprietary data-driven digital systems and applications that help automotive repair professionals to diagnose and repair vehicles efficiently, accurately and profitably. The acquisition will enable Solera to strengthen its SMR business in the U.S. and introduce the Identifix platform to the global a ... Continue reading
Remy Signs Definitive Agreement To Be Acquired By BorgWarner
Jul 13, 2015
Combination enables new and innovative ways to approach engine and drivetrain efficiency Remy International, Inc. today announced it has signed a definitive agreement to be acquired by BorgWarner Inc. , a product leader in highly engineered components and systems for powertrains around the world. Commenting on the tran ... Continue reading
Jul 12, 2015
* We saw the all-new 2016 BMW 7-series in-person along with a small group of BMW-invited auto writers. The global introduction of the new BMW flagship will be at the Frankfurt Auto Show in September and the car goes on sale in the U.S. this coming October 24. New body structure is composed of carbon fiber, aluminum and ... Continue reading
Jeep on Track for Record 2015 in the UK
Jul 10, 2015
Jeep's momentum continues in the UK at a record pace as figures revealed today (9 July) show new car registrations rose by 161 per cent in June 2015, when compared with the same period last year. The legendary 4x4 brand registered 918 new cars last month, compared with 352 in June 2014, giving Jeep a 0.4 per cent marke ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
