There are reports saying that the automotive market is still bright and blooming despite the weakening world economy. When we analyse the growth of the industry from the west of North America to the east of China, the automotive market growth is actually uneven in different regions.
Although it has yet to reach sky-high prices like in Hong Kong, London or New York, the advertised price of a single car space in Australia has reached a record high of AUD330,000; the parking space in question is located in the basement of a high-end apartment complex, on a congested corner of Bond and George streets in Sydney’s CBD area.
India’s top automotive money maker, Tata Motors, is ready to get loose and target the fun crowd with its new Bolt hatchback. Known more as supplier of taxi’s and producer of what once was touted the cheapest car in the world, the Nano, Tata is looking to shed its jaded image to appeal to younger customers.
The world’s largest car market saw growth in vehicle sales half last year as the economy continued to be sluggish and manufacturers grappled with too much inventory and too much capacity.
For the second consecutive year, exports of new cars from South Korea have fallen slightly according to the country’s Industry Ministry. Data produced by the government indicated that exports fell about 0.9 of a percent to just over three million units for the past year, although the actual value increased by about 0.6%.
Donkervoort, a Dutch manufacturer of lightweight and hand-built sports cars, proudly introduced a special edition of the D8 GTO in honour of the feats that the machine achieved last year, including the lap record set at the Bilster Berg circuit for street-legal production cars, and top scores and fastest lap times achieved during various tests conducted by Europe’s top automotive publications.