Christopher Macgowan, chief executive of the Society of Motor Manufacturers and Traders, said yesterday that Britain's wait-andsee approach to the single currency meant it was almost impossible for any car maker
to export to the eurozone at a profit.
Yeah, it would have created havoc in the UK car market, and led to some very unhappy customers, but within two weeks, every other car maker
would have followed suit.
By comparison, feel-good car maker
Saturn had the best results, with six arbitration cases and 28,998 cars sold: one case for every 4,833 cars.
Although a layoff of 400 temporary workers announced on Monday will still go ahead, Barcelona-based car maker
SEAT, which is part of the Volkswagen group and the workers' representatives have reached an agreement to implement a cost cutting plan while ensuring jobs and salaries.
The country's largest car maker
also exported cars in completely knocked down (CKD) form including 5,010 units last month mainly to Malaysian PT Indomobil Suzuki International, the country's second largest car maker
, exported 8,371 units of Suzuki APV model in the first four months of this year.
BMW, the world's largest premium car maker
, said it sold 42 per cent more cars in mainland China in 2007, as the country's growing ranks of nouveau riche snapped up the latest models.
They claim yesterday's deadline has left Indian car maker
Tata Motors in the frame with four private equity groups.
The country's third biggest car maker
saw its revenues fall 1.
In the latest Sewells Dealer Attitude Survey, the Japanese luxury car maker
came out top in 12 of the 15 categories and was second in the other three.
German luxury car maker
Audi is now selling more of its flagship A8 limos in China than it does in any European country outside Germany.
The race to gain control of luxury car maker
Rolls Royce stepped up a gear yesterday.
The luxury car maker
is targeting the former communist state for a lucrative sales drive as the Merseyside-made model rapidly becomes a much sought after marque among affluent Russians.