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News watch July 2012: today's auto industry news
Wed, 25 Jul 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-hour Tuesday 31 July 2012•Porsche SE recorded a first half profit of €1.15bn, in comparison with €149m for the same period in 2011. The enormous jump has come not from directly selling cars, but from the group's investments in Porsche Zwischenholding GmbH and Volkswagen AG (Porsche SE)•Reuters suggests Germany's car market is in recession, but few outside the industry would know it, thanks to a controversial sales practice that inflates official statistics and paints a flattering picture of demand.
UK car sales up 11% in May (2013)
Thu, 06 Jun 2013The Ford Fiesta (pictured) was again the best selling car in the UK The rise and rise of new car registrations in the UK continues to defy the rest of the economy, with figures up in May 2013 by 11 per cent year on year, and private sales up a massive 20.9 per cent to levels last seen in 2007. It’s the fifteenth month in succession new car registration have risen in the UK, with sales for May at 180,111 and total sales to date in 2013 hitting almost 1 million units, at 948,666. The SMMT think the big jump in private registrations is down to a number of factors, including cars bought under the scrappage scheme now being traded in for a new car, strong incentives from car makers and the promise of new cars offering lower running costs, and they’re probably right, although there are other factors in play too.
Fiat 500: Suspension tweak and 2-pot engine
Wed, 19 May 2010The Fiat 500 is to get stiffer suspension and a range of 2-pot engines It’s not hard to see why the Fiat 500 has been a runaway success. It has the cute factor going on, but on the right side of pastiche; prices are much more reasonable than its rival in the ‘small car icon revisited’ stakes – the MINI, and Fiat have done a sterling job on the marketing side. And it’s not just been the tin-top, bog-standard Fiat 500 that’s flown out of showrooms.