Industry

Jaguar Land Rover is another luxury automaker boasting record sales for 2013. The British automaker reported sales of 425,006 units for the period, an increase of 19 percent on its 2012 sales level. The bulk of those sales were made by the Land Rover brand, but Jaguar had seen impressive growth...

The head of Audi quattro Franciscus van Meel has reportedly been replaced after less than two years on the job, despite the performance division expanding its range and generating profits during his tenure. The 46-year-old exec is said to have been moved to a new tech center in Beijing, China at...

Chrysler is now a wholly-owned subsidiary of Fiat.

Bentley, like many of its rivals, posted record sales results for 2013. The British marque managed to sell 10,120 units during the past year, which was up 19 percent on the 8,510 it sold in 2012 and finally enough to eclipse the previous record of 10,014 units sold in 2008, just prior to the...

General Motors has confirmed it sold 9,714,652 vehicles in 2013, a rise of 4 percent on the 9.29 million it sold the previous year. That puts it about equal with the Volkswagen Group, although the German auto giant hasn’t revealed an exact figure for its own sales, stating only that it sold...

The BMW Group solidified its position as the world’s number one luxury automaker in terms of sales, with its sales in 2013 growing to 1,963,798 units, up 6.4 percent from the 1,845,186 units sold in 2012. That’s a new record for the group, which comprises the BMW, MINI and Rolls-Royce...

Last year wasn’t a sales record for Lamborghini, but the Italian manufacturer of some very tasty supercars did come close. It registered 2,121 sales in 2013 despite one of its two models, the Gallardo, bowing out of the market. Lamborghini’s sales record remains the 2,406 units it sold...

The Volkswagen Group, comprised of more than a dozen brands including Audi, Bentley, Lamborghini and Porsche, achieved more than 9.7 million vehicle sales in 2013, a new record for the German auto giant and perhaps the amount that finally sees it reach its goal of being the world’s number one...

The planned sale of Fisker to Hong Kong's Hybrid Technology for a sum of $25 million has been rejected by a U.S. bankruptcy judge due to interest from Chinese firm Wanxiang, something Fisker’s management team was hoping to avoid. Judge Kevin Gross instead allowed for rival parties to bid on...

The previous year has turned out to be one of record sales for many of the major luxury automotive brands. We can now add another to the growing pile, with Porsche also confirming that 2013 was its best year of sales on record, with 162,145 of its cars being snapped up during the past year. This...

Audi managed to sell close to 1,575,500 vehicles in 2013, setting a new record for the brand and achieving a 1.5 million unit sales milestone two years ahead of schedule. Audi’s sales success was on the back of strong demand for its latest A3 compact family and its SUV and crossover range...

It’s been another bumper year for British brand Rolls-Royce, with the automaker confirming today it sold a record 3,630 vehicles in 2013, surpassing the previous record of 3,538 sales set in 2012. This is the fourth consecutive year of record sales for Rolls-Royce, and with the introduction...

Mercedes-Benz has ended 2013 with the sales crown for luxury autos in the U.S., with 312,534 units walking out the door over the past 12 months. This represents a 14 percent increase from the 274,134 units sold in 2012 and is a new record for the brand. When you add sales from Smart (9,264) and the...

Bankrupt automaker Fisker Automotive is urging courts to approve the sale of its assets to a Hong Kong company currently bidding on it, in the hope that it can prevent Chinese auto parts maker Wanxiang from intervening and buying up the assets before the sale can take place. According to Reuters...

Mercedes-Benz had a very good run in 2013, with the German auto giant manufacturing a record 1.49 million vehicles over the course of the past 12 months. No figure for the amount of sales has been released, though Mercedes says it will be higher than 1.4 million units, which makes it also a new...

Fiat is ringing in the new year by agreeing to buy the remaining 41.46 percent stake in Chrysler that it doesn't own from the United Auto Workers VEBA Trust, in a deal valued at approximately $4.35 billion. So far only a Memorandum of Understanding has been signed and the deal is still subject to...

The progress of Tesla Motors, electric car startup co-founded by PayPal billionaire Elon Musk, has been eye-opening for many in 2013. While the company hasn't been immune to the pressures of building a new car, and accident-related fires caused the firm's lofty stock price to dip towards the end of...

Audi will spend 22 billion euros (approximately $30.35 billion) over the next five years on new models, technology and expansion of its global production facilities to help reach its stated goal of 2 million annual sales by 2020. Buoyed by the success of selling 1.5 million vehicles this year, a...

Michigan has joined California, Nevada and Florida in allowing self-driving vehicle research to take place on the state's highways. It now means companies like Nissan, Ford and Google, among others, are able to test their autonomous vehicles on public roads, furthering research into self-driving...

In July of this year, Aston Martin and Mercedes-Benz tuner AMG signed a Letter of Intent to form a wide-ranging technical partnership aimed at providing the historic British sports car brand with access to some of AMG’s latest technology in return for some shares and other assets. Today, the...