Renault Hikes First-Quarter Revenue 25%

April 27, 2017 at 12:52 PM

Renault SA’s increased its revenue 25% to €13.1 billion ($14.3 billion) in the first quarter as worldwide unit sales climbed 16% to 873,700 units.

UPDATE: CR Lowers Rating on Tesla EVs

April 26, 2017 at 9:55 AM

Consumer Reports magazine has temporarily lowered its rating for Tesla Inc.’s Model S and Model X electric cars because of the carmaker’s delay in restoring automatic emergency braking as a standard feature.

European Truck Sales Rose 10% in March

April 26, 2017 at 8:00 AM

Registrations of new commercial trucks in Europe totaled 275,100 units last month compared with 249,400 vehicles in March 2016, according to ACEA.

China Aims for 25% Growth in Vehicle Sales by 2025

April 25, 2017 at 9:51 AM

China’s Ministry of Industry and Information Technology predicts annual vehicle sales in the country will grow to 35 million cars, trucks and buses by 2025 from 28 million units in 2016.

FCA Dealers in Italy Say Factory Sent Them Cars They Didn’t Order

April 21, 2017 at 9:24 AM

Fiat Chrysler Automobile NV dealers in Italy claim the company invoiced them for 6,000 vehicles they didn’t order, Automotive News Europe reports.

Venezuela Car Market Shrank Below 300 Units in March

April 21, 2017 at 12:12 AM

Monthly vehicle sales in Venezuela, which peaked at 52,700 units in mid-2007, plummeted to fewer than 300 cars, trucks and buses last month, says industry group Camara Automotriz de Venezuela.

Hyundai Targets 1 Million Sales in India by 2021

April 20, 2017 at 1:06 PM

Hyundai Motor Corp. say it will invest 50 billion rupees ($774 million) to boost annual sales by its operations in India to 1 million units by 2021.

March Car Sales in Europe Jump 11%

April 19, 2017 at 8:37 AM

Deliveries of cars and crossover vehicles across Europe rose to 1.94 million units last month from 1.75 million in March 2016, says trade group ACEA.

Shanghai’s Cheapest Car License Plate Bid: $13,000!

April 19, 2017 at 12:29 AM

This month Shanghai’s monthly license plate bidding system distributed 12,200 plates to private car owners at an average price of 89,900 yuan ($13,000), the Shanghai Daily reports.

BMW Predicts 10% Sales Growth in China

April 19, 2017 at 12:25 AM

BMW AG expects its group sales in China this year will expand 10%—the same as the country’s passenger car market and about twice the pace of the global car market overall.

Cadillac Says Luxury Models Will Outpace China’s Car Market

April 18, 2017 at 2:29 PM

General Motors Co.’s Cadillac unit expects China’s demand for luxury cars will continue to outshine the country’s overall automotive market this year, Bloomberg News reports.

UPDATE: Harley-Davidson Offers Rebates to Dealers

April 17, 2017 at 3:45 PM

Harley-Davidson Inc. is offering its dealers rebates, an unusual move for the iconic motorcycle maker, to help clear out stocks of unsold 2016-model bikes.