Toyota set to lose top spot to VW

BMW agree to subsidize dealer losses.

The world’s largest automaker, Toyota Motor Corp, managed to fend off the Volkswagen Group in 2014 and retain its crown, but things are looking bleak for the Japanese giant in China and the upstart from Wolfsburg may become the undisputed world heavyweight champ as early as this year.

What’s in store for the auto industry?

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.

Aussie parking costs big bikkies

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.