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Stellantis targets ‘transformative’ US growth after record 2022 results
Stellantis chief executive Carlos Tavares is targeting a “transformative journey” towards electrification in the US after revealing record 2022 financial results for the car manufacturing giant.
Mercedes CEO ‘excited’ by agency model despite two-tier car retail sector concerns
Mercedes-Benz UK chief executive Gary Savage has said he finds the roll-out of the brand’s direct-to-consumer agency model car retail strategy “hugely exciting” – despite agents' two-tier car retail sector concerns.
New car market still ‘fragile’ despite 14.7% January growth, says SMMT
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said the economic outlook, cost-of-living crisis and anxiety over new technology mean the new car market remains ‘fragile’, despite 14.7% January growth.
Peugeot 208 ends VW Golf’s 15-year run as Europe's best-selling car in ‘troubled’ 2022
Peugeot’s 208 hatchback ended the Volkswagen Golf’s 15-year reign as Europe’s best-selling car as the region’s troubled automotive sector suffered a third consecutive year of declining sales in 2022.
Growth drive comes after Livingstone Motor Group MBO and refranchising
MD Andrew Iveson talks about his decision to go from employee to co-owner at Subaru, isuzu and SsangYong car dealer Livingstone Motor Group and the resilience and innovation he and his team displayed as Mitsubishi quit the UK.
UK automotive ‘adrift of pre-pandemic performance’ after 2% 2022 registrations dip
The UK automotive sector remains “adrift of its pre-pandemic performance” after an acceleration in December new car registrations failed to arrest a full-year decline – ending 2022 down 2% at 1.61 million units.