Industry

The deal is expected to be finalized by January 20

Fiat is celebrating a very happy new year with its announcement that it has signed a memorandum of understanding to buy the remaining shares of Chrysler from the United Auto Workers’ VEBA healthcare pension. In exchange for the shares Fiat w...

It is hoping to add more young apprentices in the future

At the end of the year, Volkswagen Group is celebrating that it has created 248,000 jobs, a 76% increase, since 2007, including 123,000 direct jobs with Volkswagen Group and 125,000 jobs with suppliers. The group employs 573,000 people worldwide, ...

It is hoping for a fourth year of growing sales

After a third consecutive year of record sales, Mercedes-Benz is prepping for 2014 with plans to introduce new vehicles and revolutionize the way cars are sold in Europe. Mercedes says that it will begin selling some of its cars online directl...

General Motors falls to second place

Volkswagen Group will beat General Motors in sales in China for the first time in nine years, and it will make it China’s largest automaker. Both of them have sold over 3 million cars in China in 2013, but Volkswagen’s sales are about ...

It will also supply electrical equipment

Aston Martin has signed a deal where it will give a 5% stake to Daimler in return for Daimler supplying engines, electric components and electronic parts to Aston Martin. All of the parts will be sourced from AMG. The deal says that AMG and As...

It will use the 500 and 500L

Fiat is launching a fleet of red 500 and 500L models as part of its new Enjoy car sharing service that will launch first in Milan in a few days. It will be operated by Fiat and the Eni oil company. The service will offer 300 Fiat 500 cars when...

It will be located in Mexico City

Aston Martin will add its first dedicated showroom in Mexico City in 2014 to mark its official entry into the market. The dealer will cover 4,500 square feet (418 square meters) and be able to hold six cars at a time, plus a customer reception...

It delivered its 1.5 millionth car this year at a ceremony in Ingolstadt

Not to be outdone by Mercedes reaching its own production record for the third consecutive year, Audi has announced that it sold its 1.5 millionth car this year, 10,000 more than Mercedes. It also means that Audi has met its 2015 sales goal two ye...

It built around 1.49 million cars this year

Mercedes-Benz Cars has reached a new production record for a calendar year with 1.49 million vehicles built in 2013, and there are still a few weeks of production left. It is the third consecutive year that Mercedes has set a new production record...

The first locally produced vehicles will come in 2016

Renault has signed a €870 million joint venture partnership with Chinese automaker Dongfeng. The deal will including building a new factory in Wuhan, China, with an initial capacity of 150,000 vehicles a year, and the first vehicles are due t...