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U.S. auto sales continue to plunge in February
Tue, 03 Mar 2009February sales for each of the top six U.S. automakers plunged more than 37 percent in February--the worst month since December 1981. "We are in an automotive depression amid 'The Great Recession,' " Standard and Poor's analyst Efraim Levy said in a report.
SAIC launches first Roewe-MG Cup Automotive Design Awards China
Mon, 08 Apr 2013The first SAIC Roewe-MG Cup Automotive Design Awards China have been launched, with the slogan "Design Drives Dreams." SAIC is calling for aspiring designers to demonstrate their talents by designing a future sedan, SUV or MPV for Roewe in 2020. With Roewe's position as a high-end marque, SAIC has highlighted that elegance and innovation as key considerations for entrants. The new design competition was officially announced by executive director of SAIC Technical Center Zhang Cheng at the carmaker's Shanghai-based Design Center.
Kia, Chrysler, VW set pace as December sales advance 9 percent
Wed, 04 Jan 2012Kia, Chrysler and Volkswagen posted some of the strongest sales gains for December as the industry closed out 2011 on a high note. Automotive News estimates December volume was up 9 percent to 1.24 million from a year earlier--in line with analysts' forecasts. Total industry sales were projected at 12.78 million for the year, up from 2010's total of 11.6 million and the 27-year low of 10.4 million in 2009.