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German new car sales drop 11 per cent – pre-reg accounts for 33.5 per cent
Fri, 19 Oct 2012New car sales in Germany dropped by 11 per cent in September with pre-reg cars accounting for over a third of all sales. That drop of 11 per cent in Germany is despite deep discount offers – an average of 12.2 per cent in September – with even the previously invincible Mercedes and VW having to offer discounts of up to €3k, despite which VW’s sales fell by 20 per cent in Germany and Mercedes by 12 per cent. What’s perhaps most interesting about the decline in car sales in Germany is the number of pre-reg cars sold (pre reg cars are cars registered by dealers to hit sales targets and then sold at a discount of up to 25 per cent).
Saab: China’s Youngman submits new $2 billion offer
Mon, 20 Feb 2012Youngman is committed to acquiring Saab The founder of China’s Youngman - Pang Qingnian – has revealed Youngman submitted a $2 billion offer to buy Saab from the administrators on 14th February. We’ve all seemingly written-off Saab as dead and buried; a once proud marque consigned to the scrap heap of history after the debacle of GM ownership and Victor Muller’s ill-fated battle to make Saab an in dependent marque. But there’s one man who hasn’t given up hope of securing a future for Saab, and that man is the Chinese billionaire founder of Youngman, the company which has already spent significant sums trying to acquire Saab, but has so far been thwarted by GM’s golden bullet.
World premier for the Fiat Trepiuno concept at the Geneva Motor Show
Mon, 16 Feb 2004Fiat has announced that its "move into the past for a fresh look to the future" is to be seen at the Geneva Show, where it shall unveil the Trepiuno. The name is very unusual (and one can't help wondering how they will spell and pronounce it outside the borders of Italy), but the car concept is not. The new small car is actually intended to be a modern remake of the Fiat 500 (not Cinquecento) success.