Hyundai Motor Co and affiliate Kia Motors Corp aim to lift global vehicle sales by 2.5 percent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years, reported Reuters. Hyundai-Kia, together the global No.5 automaker, have seen their sales growth slow since ... Read More »
LOS ANGELES – The good times will keeping rolling for the auto industry next year, with higher sales and continued low gasoline prices, the National Automobile Dealers Association’s chief economist predicts, reported Detroit Free Press. Sales of new vehicles, already on pace to top 16 million for the first time since the mid-2000s, will increase ... Read More »
The initial public offering of luxury carmaker Ferrari is expected to happen between the second and the third quarter of 2015, the chief executive of parent Fiat Chrysler Automobiles (FCA) said on Tuesday, reported Reuters. FCA CEO Sergio Marchionne said last month he would spin off Ferrari from the group, sell a 10 percent stake ... Read More »
BMW expects sales to rise further next year as new models boost demand, the German carmaker’s finance chief told a newspaper on Saturday, without giving a detailed forecast, reported Reuters. “Of course we expect further growth in 2015 as we will see the full effect from new models coming to the market on production and ... Read More »
SCOTTSDALE, Ariz. – The National Automobile Dealers Association’s board of directors has elected Bill Fox as chairman for 2015. Fox, who represents New York’s franchised new-car dealers on the NADA board of directors, will assume the position of chairman and CEO at the 2015 NADA Convention & Expo next January. “It is a true honor ... Read More »
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