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Chevrolet expanding into South Korea
Thu, 29 Apr 2010Chevrolet, the most famous and best-selling General Motors brand, will expand into South Korea in 2011, the automaker said on Wednesday. Enthusiasts in South Korea are in for a treat: At the Busan International Motor Show where the announcement was made, Chevy showed a Camaro, which will be one of the products offered. Last year, Chevy accounted for 44 percent of GM's global sales and saw a sales increase of 21 percent over the previous year.
Chrysler 200C EV unveiled at Detroit auto show 2009
Mon, 12 Jan 2009By James Foxall Motor Shows 12 January 2009 13:07 With the years of elaborate stage sets and money-burning stunts such as driving cars through plate glass windows consigned firmly to the history books, Chrysler’s 2009 Detroit Motor Show stand was a sober place to be. While Ford and General Motors executives chose largely to ignore the financial crisis and government bail outs by pretending they hadn’t happened, Chrysler president Jim Press started his presentation by cracking jokes about it. He then outlined how the company – in an aggressive restructuring programme before the credit crisis – was responding.
Aston Martin sales UP in 2013 – new platform being developed
Tue, 29 Apr 2014Aston Martin sales and revenue up in 2013 Aston Martin has revealed its results for 2013 – its centenary year – which show the coolest car brand on the planet managed to increase sales by 11 per cent – to around 4,200 cars – and revenue to £519 million, an increase of 13 per cent over 2012. Aston Martin’s earnings before EBITDA (that’s earnings before interest, taxes, depreciation, and amortization) were up a strong 22 per cent to £84.8 million, demonstrating strong operating profitability, although actual earnings were marginal. But Aston Martin are bullish about the performance, and equally bullish about the future.