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New car sales hit ten year high – Toyota Yaris breaks in to top 10

The Toyota Yaris accounted for over 20% of hybrid sales in March 2014 We’ve got used to new car sales (well, new car registrations) hitting new highs month after month, but March 2014 managed to top even the recent levels with the highest monthly registrations in a decade. March is normally the year’s highest new car month with the ‘year’ plate change coming in, with almost 20 per cent of cars registered in that month alone (it used to be August when  there was just one plate change a year) and 2014 saw a jump of nearly 18 per cent over 2013, and the highest total since March 2014. Still sitting atop the list is the Ford Fiesta (25,753) with more than 50 per cent more sales than the second place Ford Focus (16,860), with the usual suspects taking up the rest of the top ten (full top ten sales for March 2014 below).

GM to build new pickups in Missouri, 2 midsize models in Tennessee

General Motors plans to build its next-generation mid-sized pickup in Missouri and will reopen its former Saturn assembly plant in Tennessee to build two new mid-sized vehicles, according to details released Tuesday of its tentative pact with the UAW. GM has been tight-lipped about whether it planned U.S. production of the next iteration of the Chevrolet Colorado and GMC Canyon, its small pickups.

Volkswagen hits back, weighs making a bid for Porsche

Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.