Industry

The De Tomaso's bankruptcy has just gotten a lot more interesting. The company's chairman Gian Mario Rossignolo and two other employees have been arrested by Italian tax police on Thursday for misuse of €7.5 million ($9.2 mi...

Renault knows that it needs help in Europe. Its sales in Europe have fallen 14.9% in the first six months of the year. That is why it has tapped Stefan Müller, the current member of the executive board of the German ADAC motoring club and lob...

PSA Peugeot-Citroën says that it will have to close its factory in Aulnay-sous-Bois near Paris in 2014 indicating that that the French government's plan to save the factory have failed. It will also reduce production at its Rennes, F...

De Tomaso has filed for bankruptcy yet again, and this time it appears the company is truly dead. If your first thought was, 'Wait, De Tomaso still makes cars?' you are not alone. The company was liquidated in 2004 and purchased by busines...

It would appear that European auto sales might be rebounding. June was strong for several companies even beyond the Volkswagen Group that has stayed strong throughout the European market crisis. Nissan and Audi all had higher sales for June, and C...

The French government plans to work on solutions to save the domestic auto market. Specifically, it wants to keep a PSA Peugeot-Citroën factory near Paris open. The plan to reform the French auto industry is being spearheaded by Fren...

Chrysler CEO Sergio Marchionne predicts that Chrysler could exceed $3 billion in profit in 2012. He also announced that Fiat has completed its purchase of 3.3% more of Chrysler for a total stake of 61.8%.  "Chrysler sold 1.23 million...

United States only Volvo market better than last year

  Volvo sales had a major dip over last year for November and things are much better for the year so far. Volvo's November sales were down 6.5% worldwide 35,864 cars. For the year from January to November its sales are down 6% to 383,...

Sales up 38.7% in November and 17.6% for year

Porsche has already beat its 118,868 sales last year in November of this year with a month of sales to go. Through November of this year, Porsche has sold 128,978 cars worldwide, up 17.6%. In November alone, Porsche sold 12,928 cars worl...

Annual Sales up 32%

Jaguar Land Rover sales have reached 324,184 cars, up 32%, for the year through November and up 14% to 29,893 for November alone.  Sales in November were up in nearly every major market except for North America where sales slipped 7%. Sal...