Euro Auto Trends


US: July sales seen up 11.6%, 16.6m SAAR

Posted in Market Trends,New & Coming Models by jonas on the July 25th, 2014

New vehicle sales in the US in July are expected to increase 11.6% year on year to 1.46m units, resulting in an estimated 16.6m seasonally adjusted annual rate (SAAR), according to Kelley Blue Book (KBB).

PRODUCT PEEP: Kia K900 knocks on big brands’ door

Posted in Market Trends,New & Coming Models by frank on the July 24th, 2014

Prior to moving to the UK, I had almost zero exposure to the Kia brand which, 20 years ago, was mostly recycled Mazdas.

SOUTH AFRICA: Strike still on as peace clause provides stumbling block

Posted in Current Models,Market Trends by frank on the July 24th, 2014

South Africa’s Department of Labour says all parties in the country’s protracted metalworking strike have accepted wage proposals, but divisions still remain concerning future bargaining methods.

UK: Unipart Automotive in administration as 1,224 jobs under threat

Posted in Market Trends by frank on the July 24th, 2014

UK labour body, Unite, says it is asking for a rapid meeting with authorities handling Unipart Automotive, following the component supplier’s placing into administration today (24 July).

US: Recalls dampen GM Q2 financials; Europe loss widens

Posted in Current Models,New & Coming Models by frank on the July 24th, 2014

General Motors’ European operations are moving slowly in right direction towards a target of hitting profit by mid-decade reporting a second quarter EBIT-adjusted loss of US$300m, which included US$200m for restructuring costs.

INDIA: BMW launches ActiveHybrid 7 for INR13.5m

Posted in Market Trends,New & Coming Models by frank on the July 24th, 2014

BMW has launched its ActiveHybrid 7 sedan in India for INR13.5m (US$224,952), reported Press Trust of India.

INDIA: Honda to make India manual transmission export hub

Posted in Current Models,New & Coming Models by jonas on the July 24th, 2014

Honda plans to make India its export hub for manual transmissions.

US: Brembo to spend US$100m on Michigan cast iron foundry

Posted in Current Models,New & Coming Models by frank on the July 24th, 2014

Brembo plans to construct a cast iron foundry near its Homer brake and caliper manufacturing plant in Michigan, reported Tire Business.com.

UK: H1 engine output off 0.9%

Posted in Current Models,Market Trends,New & Coming Models by jonas on the July 24th, 2014

UK engine output slipped 0.9% to 1.3m units in the first half of 2014, the Society of Motor Manufacturers and Traders said.

CHINA: ZF Friedrichshafen expands Asia-Pacific headquarters

Posted in Current Models,Market Trends,New & Coming Models by jonas on the July 24th, 2014

ZF is considerably expanding its headquarters for China and Asia-Pacific in Shanghai: the space for offices, laboratories, and test benches will almost be quadrupled from 11,000 sq m to 54,000 sq m.

US: Ford Europe finally makes a pre-tax buck

Posted in Market Trends by frank on the July 24th, 2014

Ford has boosted second quarter pre-tax operating profit US$44m to $2.6bn and net income $78m to $1.3bn as wholesale volume and company revenue slipped 1%. And it’s finally back in pre-tax profit in Europe for the first quarter in three years.

SOUTH KOREA: Hyundai Motor Q2 results hit by stronger won

Posted in Market Trends,New & Coming Models by jonas on the July 24th, 2014

Hyundai Motor has reported a 6.9% decline to net income in the second quarter, its bottom line dragged down by the stronger won.

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