Daimler’s profit up 29% on 2010

German car manufacturer Daimler, owner of Mercedes-Benz, have posted record profits for 2011 up 29% on 2010, to 6bn Euros (£5bn). The rise in profit has been largely down to strong sales in all major markets, including China, with vehicle sales climbing 11% to 2.11 million, pushing revenue up 9% to 106bn [...]

[ More ] February 14th, 2012 | No Comments | Posted in Motor Trade Blogs |

Another year, another recall.

Mini announced this week that more than 230,000 Cooper S and John Cooper Works models are to be recalled due to a fire risk caused by the electric water pump. The issue was picked up by Minis internal quality controls who believe the affected models were built between March 2006 and January 2001. An official [...]

[ More ] January 20th, 2012 | No Comments | Posted in Motor Trade Blogs |

China now biggest market for VW

Volkswagen has reported sales growth of 18% in China and Hong Kong in 2011. The group said a total of 2.26 million vehicles were sold in the region last year. China is now the largest single market for the VW brand as well as the Audi and Lamborghini brands within the VW group. Audi themselves [...]

[ More ] January 13th, 2012 | No Comments | Posted in Motor Trade Blogs |

India’s New Micro Car

Indian manufacturer Bajaj Auto has unveiled their first four wheel drive car that is expected to rival the Tata Nano as the world’s cheapest car. The tiny RE60 is powered by a 200cc petrol engine with a claimed top speed of 70kph and will cover 35km per litre of fuel and emit just 60 grams [...]

[ More ] January 9th, 2012 | No Comments | Posted in Motor Trade Blogs |

Daimler reports 8% rise in sales

German manufacturer, Daimler has reported an 8% rise in sales, reporting a total of 1,260,912 Mercedes Benz vehicles sold last year. The company had record sales in China, Russia and India as well as recording 13% growth in the US. Sales in China increased by a whopping 31% and now account for [...]

[ More ] January 9th, 2012 | No Comments | Posted in Motor Trade Blogs |

Williams without Patrick Head is like Man Utd without Fergie

Williams have announced that Patrick Head will not be with the team during their 2012 campaign. The team are restructuring and Patrick, who was expected to stay on in 2012 at board level, has retired from the F1 team.

[ More ] January 6th, 2012 | No Comments | Posted in Motor Trade Blogs |

China to raise import duty on US built cars

China has announced that it is to impose extra duties on cars imported from the US. The move will affect General Motors, Chrysler, BMW and some others. Beijing has indicated that its own domestic car industry is being damaged by subsidised US exports. The actual tariff will range from 2% to 22% [...]

[ More ] January 5th, 2012 | No Comments | Posted in Motor Trade Blogs |

Nissan’s Sunderland plant breaks the UK manufacturing record!

The Sunderland plant, responsible for producing the Nissan Qashqai and Note, produced 480,485 vehicles last year, up 14% from 2010, largely down to the success of the Qashqai model [...]

[ More ] January 4th, 2012 | No Comments | Posted in Motor Trade Blogs |