The Asian automotive industry last year built twice as many passenger cars as Europe, three times more than North America, and almost six times more than South America. Plants in China, Japan, India, Indonesia, Malaysia, South Korea, Thailand, Taiwan, and Iran accounted for most of the 33.3 million cars built in the wider Asian region. Australia (Toyota, Ford, Holden) last … [Read more...] about Asian carmakers build more than half world’s production
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Peugeot family loses control of company after NZ$6 billion bailout
The Peugeot family has for the first time in 118 years reportedly lost full control of French carmaker PSA Peugeot Citroen. The family’s share has been cut from 25.5 per cent to 14 per cent, the result of a $NZ6 billion rescue package for the company put together by the French government and Chinese carmaker Dongfeng Motor. Dongfeng, a PSA partner in China, and the French … [Read more...] about Peugeot family loses control of company after NZ$6 billion bailout
Highlander banks on track record and growth of SUV sector
Former Toyota NZ chief Bob Field once said that an automotive franchise brand is worth the value that customers place on four basic things - products, services, value for money, pricing - and the contribution that brand makes to society. "One could expect that brand reputation should correlate with sales results but only Toyota delivers that expectation," said Field. "One … [Read more...] about Highlander banks on track record and growth of SUV sector
Toyota the most valuable car brand, but Ferrari most powerful
Apple might be the world’s most valuable brand and Toyota the most valuable automotive brand, but Ferrari is the most powerful, says the Brand Finance Global 500 list. The 2014 list of the strongest 500 brands in the world has high-tech companies Apple, Samsung and Google as the three most valuable but rates Ferrari as the world’s power player. London-based … [Read more...] about Toyota the most valuable car brand, but Ferrari most powerful
Wagons roll – new VW Golf boosts cargo space
Volkswagen brings its new-generation Golf wagon to the New Zealand market this week with two levels of trim and three Euro5 engines. The entry-level Comfortline is available with either a boosted 1.4-litre petrol unit or 1.6-litre diesel. The better equipped Highline gets a more potent version of the 1.4-litre engine. All three engines are mated to seven-speed, … [Read more...] about Wagons roll – new VW Golf boosts cargo space