Peugeot Citroen, Europe's second-biggest carmaker after VW, is recalling some cars made with Toyota in Europe. "For Peugeot 107s and Citroen C1s, we are going to carry out an identical campaign as Toyota," a spokesman said. Both models are made at the Czech plant which also makes the Toyota Aygo. The plant is a joint venture with Toyota and … [Read more...]
Now it’s Honda’s turn for a recall
January 29, 2010 By Leave a Comment
Honda has announced the recall of 646,000 cars globally to fix a switch defect that could cause a fire. Three cases of fires due to the defect have so far been reported - two in the US and one in South Africa. The recall includes Jazz models, also known as Fit in some countries, built in Japan, China, Brazil, Thailand, Malaysia and India, … [Read more...]
Ford post an annual profit for the first time in 4 years.
January 29, 2010 By Leave a Comment
Ford Motor Co made $2.7bn (£1.7bn) in 2009, compared with a loss of almost $15bn in 2008, and said it expects to be profitable in 2010 as well. For the final three months of 2009, the company made $868m, which is a dramatic improvement on the $6bn loss it made a year earlier. Ford revealed its return to profitability was in part due to cutting … [Read more...]
More bad news for Toyota as recalls extended
January 28, 2010 By Leave a Comment
Toyota has announced it plans to recall a further 1.1 million cars in the US a day after saying it was suspending sales of 8 popular US models. Last week, the world's largest carmaker recalled 2.3 million cars in the US with faulty pedals and has now recalled almost 8 million cars in the US in the past four months. In November last year it … [Read more...]
Toyota suspends sales of 8 models in the US
January 27, 2010 By Leave a Comment
Beleaguered Japanese manufacturer Toyota is to suspend sales of 8 of its most popular models in the US after faulty accelerator pedals forced it to recall 2.3 million cars last week over. The sales suspension includes the 2007-2010 Camry and Tundra; the 2009-2010 RAV4, Corolla and Matrix; the 2005-2010 Avalon; the 2010 Highlander; and the … [Read more...]
GM confirm sale of Saab to Spyker
January 26, 2010 By Leave a Comment
Saab is to be sold to Dutch luxury carmaker Spyker, General Motors has confirmed after earlier this month, saying it would start to shut down the firm while still looking for a buyer and rejecting an earlier offer from Spyker for Saab back in December. Saab lost 3bn kronor (£255m; $412m) in 2008, and last made a profit since 2001. … [Read more...]
MG to be manufactured in the UK once more
January 26, 2010 By Leave a Comment
The MG is to be made in Britain once more after SAIC Motor Corporation, the Chinese firm which owns the marque, unveiled a drive into the European car market. China's largest car manufacturer said it would commence selling the British-made car towards the end of 2010 as it seeks to capitalise on improving European sales. This will see … [Read more...]
Global dealer group Inchcape look to India
January 25, 2010 By Leave a Comment
A long line of car dealers including the USA’s largest car retailer AutoNation and UK-based multinational Inchcape are trying to get a foot hold in India, a market second only to China in the speed of its growth. Confirming the development, Sandeep Singh, deputy MD of Toyota Kirloskar Motor, said many international car dealership groups have … [Read more...]
GM and VW in the best position to dominate the fastest growing car markets
January 25, 2010 By Leave a Comment
According to a study by the Boston Consulting Group, General Motors and Volkswagen are the best positioned car manufacturers in the largest and fastest-growing emerging markets at a time when auto sales in those countries could grow more than 40 percent by 2014. There were an estimated 19 million car sales on a combined basis in China, Brazil, … [Read more...]
GM could sell Saab to Spyker this week
January 25, 2010 By 1 Comment
According to press reports General Motors could be signing a deal to sell Saab to Dutch luxury sports car maker Spyker Cars early this week. Bloomberg News revealed Spyker has offered GM a combination of cash and preferred shares in a new Saab worth $500 million and that GM is satisfied with the offer in principle. According to Bloomberg, Spyker … [Read more...]
UK car production down 30.9 percent in 2009
January 22, 2010 By Leave a Comment
UK car production fell 30.9% in 2009 from the previous year following the collapse in the global car market, meaning just under a million cars were made in the UK last year, figures from the SMMT have shown. The fall in production came despite a strong December, which saw production rebound by more than 58% when compared with December 2008. … [Read more...]
Toyota recall 2.3 million cars in the US
January 22, 2010 By Leave a Comment
A problem with sticking accelerator pedals have forced Toyota into recalling 2.3 million cars in the US and it is the latest in a string of recalls the firm has had to announce. Company spokesman Brian Lyons said the move was due to the vehicles' pedal mechanism becoming worn and, in some cases, getting stuck. The models affected by the latest … [Read more...]
GM confirm closure of Opel Antwerp
January 22, 2010 By Leave a Comment
General Motors has confirmed it will close its Antwerp, Belgium plant at its European arm Opel, cutting 2,300 jobs in the process. "It is the tough reality of the current business environment," Opel president Nick Reilly said. "We have to take a plant out and unfortunately it is Antwerp," he went on. GM said it needs to cut Opel's capacity … [Read more...]
Pictures sell motor cars. Fact
January 21, 2010 By Leave a Comment
A simple statement of fact; quality of service and marketing will only improve if car dealers are to remain solvent in theses trying times. We here at Motor Trade Insider agree wholeheartedly with the sentiment and would probably take it a stage further. For instance when we look at the internet as a marketing tool, car dealer websites have … [Read more...]
Record drop in CO2 output thanks to scrappage scheme
January 21, 2010 By 1 Comment
The average - CO2 output in the UK has fallen a record 8.9g/km to 149.8 g/km. The output of vehicles manufactured by Toyota (127.9 g/km) and Fiat (129.7 g/km) now falls below the EU target of 130 g/km of CO2, which has been set for 2012, while Mini is in third place with 131.7 g/km and Hyundai now has the fourth-lowest average CO2 figure (down by … [Read more...]
New boss pledges new products for Vauxhall / Opel
January 20, 2010 By Leave a Comment
New Vauxhall/Opel CEO Nick Reilly has revealed in a letter to the company's 48,000 employees that he intends for the company to become a global player with a new marketing message and the gaps in its product and line-up filled. Reilly urged staff to adopt a "winner" mentality as he tries to turn around the money-losing European division of GM, … [Read more...]
Peugeot / Citroen and Mitsubishi in line to do a Renault / Nissan
January 19, 2010 By Leave a Comment
PSA Peugeot Citroen and Mitsubishi could be about to perform a large stock swap. The two car manufacturers already have established ties that include such projects as the Mitsubishi iMiEV electric car (which Peugeot calls the iOn) and the Mitsubishi Outlander SUV (which Peugeot sells as the 4007 and Citroen as the C-Crosser). But now the … [Read more...]
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