Industry official Joerg Schreiber says there are indications the rate of decline peaked in the second quarter, and “a gradual improvement to the point of stabilization in the coming months” can be expected....More
“We are still studying possible expansion, but for the next 2-year period the focus is on quality and brand improvement,” Hyundai spokesman Frank Ahrens says as analysts question why the auto maker is locking in supply when demand is high....More
The Kia Sportage CUV accounted for nearly 48% of output, while the cee’d with its three body styles – 5- and 3-door hatchbacks plus wagon – represented more than 42%. The Venga multipurpose vehicle made up the remaining 10%....More
An industry group says the U.K. new-car market is one of the few in the euro zone growing, as consumers return to showrooms enticed by new finance deals and a desire to switch to more fuel-efficient models....More
The pricing gains are good news for auto makers, but for many consumers it is leading to downsizing. Loan terms are getting longer and higher prices are putting younger, first-time buyers in jeopardy....More
Kia’s boxy Soul surprised the auto maker and industry-watchers alike with 31,621 deliveries in 2009, its first year in the U.S., outselling the Scion xB, Honda Element and Nissan Cube. By 2011, the car surpassed the 100,000-unit mark....More
Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available...
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