By Sarah-Jayne Harrison and Tim Pollard
Motor Industry
07 January 2011 09:59
Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour
Friday 7 January 2010
• New car sales in Great Britain rose 1.8% in 2010 off the back of strong fleet demand, but the SMMT warns that registrations are likely to fall 5% this year (BBC News)
• Skoda sold 762,600 vehicles worldwide in 2010, a 12% rise year on year. The company plans to double sales by 2018 (Skoda)
• PSA Peugeot Citroen sold 3.6 million vehicles in 2010, a jump of 13% on 2009, according to CEO Philippe Varin (Automotive News Europe)
• The Renault espionage case that emerged yesterday includes senior ranking executives, it has emerged. One of the three execs suspended for allegedly leaking details of Renault's electric car strategy is Michel Balthazard, vice president for advance engineering and a member of the management committee, Bloomberg News claims (Automotive News)
Thursday 6 January 2010
• Renault has suspended three executives for alleged leaking of details of its electric car plans to rivals. A four-month investigation tracked down the three suspects, but Renault has refused to name their identities (Financial Times)
• Saab sales in the last quarter of 2010 were double that a year before, says the Swedish company. It sold 11,448 cars in the last three months, up 129% on 2009 (BBC News)
• However, in the whole of 2010 it sold 31,696 Saabs - some way adrift of the 45,000 it had aimed for. Bosses blamed the time taken to rebuild the supply chain after it went bankrupt
• GM has bought a stake in a start-up which makes a cordless recharging facility. The car makers plans to offer the system in its cars, which lets you top up your phone or MP3 player without plugging it in (Automotive News)
• Most global car execs do not see 'reasonably priced electric cars' being available within five years, a new survey by KPMG reveals (BBC News)
Wednesday 5 January 2010
• Ferrari sales in China leapt 50% in 2010. They sold 300 cars (Ferrari)
• Germany's new car registrations grew in December 2010, rising to 230,000 - 7% up on the previous year. Total new car sales for 2010 stood at 2.92 million (Automotive News)
• GM sales in China increased 29% last year, selling 2.35 million vehicles (Automotive News)
• Seat is swallowing the VAT increase on certain model ranges. Sporty models have up to 20% off, while other models qualify for a 10% discount (www.seat.co.uk)
• London's daily Congestion Charge rises from £8 to £10 from today (Transport for London)
• It's the end of another Detroit brand, as the last Mercury sedan rolls off the production line today (Automotive News)
• Ford sales are up in the US, putting Ford ahead of Toyota for the first time since 2006 (Financial Times)
Tuesday 4 January 2011
• VW chief executive Martin Winterkorn's contract has been extended for a further five years, as he seeks to complete the merger with Porsche (Financial Times)
• Hyundai and Kia expect to boost global vehicle sales by 10% due to rising demand of new models in China. Hyundai sales gained 16% last year and Kia jumped 40% (Automotive News)
• Fiat may extend ownership of Chrysler from 20% to 50%, according to the latest reports in the US (Automotive News)
• Toyota has agreed to pay m settling legal claims after last year's recall crisis (Automotive News)
• Tata's Nano went on sale nationwide in India yesterday, lengthier warranties and easier financing helping boost sluggish sales. It had previously only been sold in certain provinces (Automotive News)
• Turkish car sales have risen to a record 750,000, up from 557,126 in 2009 (Automotive News)
• 80% of the Subaru range will dodge the UK's 2.5% rise in VAT (Subaru)
• The Porsche 918 Spyder is tipped to reappear as a coupe at the Detroit 2011 show (Automotive News)
• BAIC, the Chinese car maker, is looking to buy Pininfarina (Autoblog)
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