In a spiky turnaround of its global strategy General Motors plans to mostly withdraw its Chevrolet brand from Europe.
The decision followed as GM had repeatedly said it hoped to break even in Europe by mid-decade. It was not absolutely clear whether the decision to discontinue selling most Chevrolet vehicles in Europe would affect that goal.
Swedish car maker Saab, which went bankrupt two years ago in 2011, has recommenced production under its new ownership. Saab began manufacturing cars in 1949 and was owned by GM from 1990 to 2010. Then it was sold to Victor Muller, owner of Dutch supercar manufacturer Spyker. Muller's plan had been to boost production and relaunch models, but he had to put in great effort to secure finance from the European Investment Bank.
The fate of the much-loved carmaker Holden now rests on the Productivity Commission's inquiry into the shrinking Australian car industry and the response of the government to that inquiry.
Maruti Suzuki India (MSI), the country’s largest carmaker on Wednesday mentioned that it will recall 1,492 units of its Swift, Ertiga, Dzire and A-Star models which were produced in October this year to correct a possible problem with the steering column.
Tata Motors, the fourth-largest passenger vehicle maker of India is planning to launch a new hatchback and a sub-4 metre sedan powered by an all-new 1.2 litre turbocharged petrol engine in 2014.
Porsche’s newest mass-market attack vehicle, Macan, was launched in Los Angeles Auto Show today. It’s a five-seat SUV A to competitor to the Range Rover Evoque, Audi Q5, BMW X3 and Merc’s GLK.
Contesting with the Range Rover Evoque for wealthy suburban moms, the compact model will possibly become Porsche’s best seller by 2015 as SUVs sum up for a majority of the brand’s sales.
The Italian super-luxury car manufacturer Automobili Lamborghini, on Monday launched its exclusive branded merchandize range in India.
Pavan Shetty , Lamborghini India Operations head said,"Looking at the growing interest for the Lamborghini brand in India, we are proud to introduce Collezione Automobili Lamborghini."