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New car sales accelerate again
Wed, 07 May 2014NEW CAR SALES could be back to pre-recession levels by the end of this year after a good start to 2014. Latest figures from the Society of Motor Manufacturers and Traders (SMMT) show there were 176,820 new vehicles registered in April - an 8.2% rise on the same month last year. Last month's figure took the total for the year so far to 864,942 - a 12.5% increase on the first four months of 2013.
Ford completes $14 million overhaul at its German design studio
Thu, 05 Jul 2012Ford has opened a $14.5 million expansion of its design studios at Merkenich-Cologne in Germany. Global design work for Ford's subcompact and compact vehicles, including the Fiesta and the Focus, is done at the center, which is close to the automaker's Cologne factory where the Fiesta is built. The expansion is the largest since the studios were constructed in 1968 and increases the size by about 32,300 square feet to about 172,000 square feet.
Volvo discontinues S40 and V50 for 2012
Wed, 15 Jun 2011Volvo will discontinue the S40 sedan and the V50 wagon for the 2012 model year in the United States. The second-generation S40 came out in 2004, and the V50 debuted in 2005. According to Volvo spokesman Dan Johnston, S40 sales were down 29 percent by the end of last year and V50 sales were down more than 50 percent.