VW rides on strong China sales, luxury cars
Source: Shanghai Daily VOLKSWAGEN, Europe’s biggest auto group, posted on Thursday a robust quarterly net profit, thanks to growth in China and higher profits at its luxury car divisions Audi and...
View ArticleMaserati celebrates 10 years in China, adds more dealerships in first and...
Source: Red Luxury To celebrate its 10 year anniversary in China and 100th anniversary as a company, Maserati has planned a China-Italy Centennial Rally and expansion of its dealership network in...
View ArticleChina’s auto sales decelerate but buying of SUVs rises 30pc
Source: Shanghai Daily China’s auto sales growth decelerated further in August to 8.5 percent while sales of SUVs surged by nearly a third. Drivers in the world’s biggest auto market by vehicle sales...
View ArticleChina fines Volkswagen affiliate USD40m for price-fixing
Source: The Malaysian Insider An affiliate of German carmaker Volkswagen has been fined more than USD40.5 million for price-fixing in China, authorities said Thursday, the latest company to be...
View ArticleWarren Buffett buys new-car retail chain
Source: The Wall Street Journal Online Warren Buffet wants to sell your car. The billionaire investor on Thursday agreed to buy America's fifth-largest auto retailer and use it to launch a...
View ArticleTesla in Alibaba tie-up to test mainland market
Source: scmp.com Carmaker Tesla became the third major company in recent weeks to set up an online-only business in China by announcing Tuesday it is partnering solely with Alibaba for its first...
View ArticleTire shops thrive in India’s smaller cities, rural areas
Source: Retail in Asia Shops selling commercial vehicle and passenger car tires in smaller cities and villages are expected to thrive, buoyed by a younger population, rising purchasing power and...
View ArticleLamborghini’s sales in China in decline
Source: Red Luxury The ultra-luxury automobile market in China is expanding at a rapid pace. This trend, in turn, is greatly increasing the importance of the market in manufacturers’ marketing...
View ArticleSnapdeal, Hero MotoCorp tie up to sell two-wheelers online
Source: The Hindu Business Line E-commerce major Snapdeal and the world’s largest two-wheeler manufacturer Hero MotoCorp are tying up to sell the latter’s products online. View full story
View ArticleIndia’s Junglee.com introduces pre-owned vehicles category
Source: RetailTech Innovation India's product search and comparison site Junglee.com has introduced a new category for pre-owned vehicles in its e-commerce site.The new pre-owned Vehicles Store...
View ArticleAfter terrible year, Thailand's auto sector is expecting 2015 recovery
Source: Chinapost.com.tw The Thai auto industry may have suffered a terrible year, with domestic sales plummeting by almost 40 percent during the first 10 months, but many believe the worst has...
View ArticleLuxury carmakers clock best-ever India sales in 2014
Source: The Hindu Business Line Riding on high demand that outstripped supply, luxury car manufacturers Audi and Mercedes-Benz have ended 2014 with best-ever sales in their history in India. German...
View ArticleMotor-vehicle industry drives retail spending in New Zealand
Source: Retail In Asia Retail spending in New Zealand in the December 2014 was driven by the motor-vehicle industry, with retail sales rising 3.4 percent.“The motor-vehicle industry drove this...
View ArticleSuzuki settles dispute with Volkswagen
Source: The Japan Times Suzuki Motor Corp. said it has reached a settlement with Germany’s Volkswagen AG following the dissolution of their capital and business tie-up.Suzuki said Wednesday it will...
View ArticleHonda (Thailand) optimistic about export growth
Source: The Bangkok Post Honda Automobile (Thailand) remains bullish on vehicle and parts shipment this year despite the economic slowdown in China.According to chief operating officer Pitak...
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