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News watch October 2012: today's industry news
Wed, 31 Oct 2012Welcome 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-hou Wednesday 31 October 2012• It's emerged GM's European 2012 earnings are down nearly half a billion dollars in Europe, where it now expects to lose $1.5bn to $1.8bn before interest and taxes for the full year (DetNews)• Ford has posted a third-quarter net profit of $1.63bn (£101bn) - almost matching its eventual profit total for the entire year 2011. Despite painful losses in Europe (Ford expects to lose $1bn in Europe alone this year) a resurgent North American market has buoyed Fords sales even higher than previous forecasts (Automotive News Europe)• Fiat CEO Sergio Marchionne has weighed in against Republican presedential nominee Mitt Romney, who argued that a move towards Chinese production would harm American jobs.
SAIC Roewe
Mon, 16 Oct 2006By Ben Whitworth Motor Industry 16 October 2006 09:40 Rover lives on! This is Shanghai Automotive Industry Corporation’s Roewe 750E - the Rover 75-based saloon - caught here undisguised weeks ahead of its official unveiling at next month’s Beijing motor show. Under a shroud of secrecy the Roewe underwent an official naming ceremony last Friday in Shanghai.
The $5K Datsun Go is a go in India
Wed, 19 Mar 2014Sales of Datsun cars officially restarted Wednesday after the brand's 30-year dormancy, with the first cars being delivered in India. Datsun of India announced pricing of the new Go hatchback, which is aimed at developing countries: Buyers in India will be able to purchase the Go for 312,270 rupees, which works out to about $5,091. The front-wheel-drive Go is powered by a 1.2-liter three-cylinder engine mated to a five-speed manual transmission.