According to automotive analysts ASM-Holding, employment in the Russian auto industry has declined 10.5% since May 2014, from 205,134 to 183,534 workers, and a new wave of layoffs may take place by the end of the year....More
The Association of European Businesses Automotive Industry Committee says year-to-date deliveries are down 33.0% at 1,192,723 units, and committee Chairman Joerg Schreiber says a poll of members indicates a full-year slide of 37%....More
The Association of European Businesses Automobile Manufacturers Committee says the result was an improvement on July’s 27.5% tumble and left the year-to-date total down 33.5% at 1,051,851 units....More
While first-half sales fell 36% from like-2014, July’s 27.5% decline reflected “mostly the low-base effect of a poor market showing in the corresponding period last year,” industry spokesman George Schreiber says....More
While deliveries last month fell 29.7% to leave the Russian market’s first-half result down 36.4% from prior-year, an industry group predicts full-year sales will finish 36% behind the 2014 total....More
Industry spokesman Joerg Schreiber notes “ general customer activity is undergoing a mild reactivation, thanks to a gradual reduction in bank interest rates and new-car prices supported by a more robust ruble exchange rate.”...More
Marchionne says the elimination of Opel reduces by about 15% the possible synergies FCA and GM could achieve, but he still thinks a deal would be worth pursuing, even though he spotted one big negative the day of the sale’s announcement....More
With the upper luxury Phaeton now out of production, the new Arteon will take over at the head of Volkswagen's car lineup in most markets except China, where the recently introduced Audi A6-based Phideon will sit above it.
WardsAuto editors are evaluating about 30 vehicles as part of the 2017 Wards 10 Best Interiors competition. Today's gallery focuses on the '17 Maserati Levante, a car-based luxury SUV with a sticker price of $90,000.