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In yet another negative milestone for the bailouts that supposedly saved the U.S. auto industry already a hard-to-handle claim given that Chrysler, one of the two beneficiaries, is now 100% owned by an Italian company Volkswagen has surpassed General
Germany's Volkswagen overtook US rival General Motors to become the world's second-biggest car maker after Japanese giant Toyota, last year sales figures showed on Friday. The German group said that it sold a total of 9.73 million vehicles in 2013.
Donefeng Motor saw a 15 percent increase in car sales in 2013, and the company has set its sales target at 3.8 million vehicles for 2014. It sold 3.5 million vehicles in 2013, making the company the second-biggest player in the automobile industry.
Toyota Motor, the world's largest automaker, forecast slowing car sales growth in the United States as the auto industry there enters a 'levelling-off' period. Toyota estimates it will sell 2.3 million vehicles in the US this year, Jim Lentz, its
Annual auto sales in Mexico rose to the highest level since 2007 as car financing expanded and the economy grew for the fourth straight year. Buyers in Mexico pushed purchases up 7.7 percent last year to 1.06 million vehicles, a trade group
Taipei, Jan. 9 (CNA) Heavy traffic is expected on Taiwan's freeways during the six-day Lunar New Year holiday, peaking on Feb. 3 with an estimated 3 million vehicles, the National Freeway Bureau said Thursday...On Lunar New Year's Eve, the number of
South Korean auto makers Hyundai Motor Co and Kia Motors Corp are bracing for their most sluggish growth in annual sales since 2003 as the weakening of the yen fuels exports from Japanese rivals. Hyundai and its affiliate Kia, together ranked fifth
Toyota Motor Corp. will probably become the first automaker in the world to build 10 million vehicles in a single year, its global data through November indicate. Toyota's global production increased 0.9 percent from the same period last year to 9,
Black Friday deals and the long Thanksgiving weekend lured buyers into U.S. automobile showrooms, and analysts say the surge should boost November sales above a strong month last year. Analysts estimate that last month's car and truck sales rose from
China's auto sales surged 20.3 per cent year-on-year in October, helped by a long holiday, an industry group said Monday. The China Association of Automobile Manufacturers said sales reached 1.93 million vehicles in October, which includes a week-