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UK car sales reach six-year high
Tue, 07 Jan 2014Ford New car sales have reached their highest level since 2007, says the Society for Motor Manufacturers and Traders (SMMT). Figures for 2013 show an increase in registrations of 10.8% compared with the previous year, to 2,264,737 - most of which was driven by growth in the private car market. Ford dominated the best-seller list, with the Fiesta and Focus winning 200,000 sales between them The UK market’s performance easily outstripped that of the European Union as a whole, with an increase of 9.9% for the 11 months to November compared with a drop of 2.7% for the EU region.
Jaguar-Land Rover officially sold (2008)
Mon, 02 Jun 2008By Ben Pulman Motor Industry 02 June 2008 15:37 Jaguar and Land Rover are now officially Indian-owned. The sale of the two iconic British brands was completed today, and ownership has now passed from Ford to Tata in exchange for $2.3bn in cash (£1.17bn). The sale means Jag/LR is debt-free, with none of the money used to fund the purchase being offset against the pair’s worth.
News watch March 2012: today's auto industry news
Fri, 30 Mar 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 Friday 30 March 2012• Fiat is suffering from its decision to suspend new product innovation during the recession, argues ANE. It is losing ground on account of delays to its Punto range, which won't be replaced until 2014, and the ageing Bravo, which was launched in 2007 and has no successor in sight (Automotive News Europe)• Mercedes plans to build the new four-door coupe spun off the A- and B-class architecture at its new Hungarian factory (Automotive News Europe)• Opel denies rumours it may sell the Eisenach factory in east Germany where it builds the Corsa supermini (Automotive News Europe)• Mercedes is cutting the time it takes to build a car from 43 hours in 2008 to nearer 30 hours by 2015, according to production boss Wolfgang Bernhard.