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Volvo Car Group managed to break-even in 2012 after making a full-year operating income of 18 million Swedish crowns (£1.78 million).
Total revenue for the period was 124.5 billion Swedish crowns, which marked a slump on the year prior as the manufacturer was affected by economic uncertainty in Europe.
In the second half of the year the firm focused its efforts on re-balancing its cost base and organising investments in the long term.
"We are in t...
Toyota is looking ahead to the future as it continues to invest new meaning into its cars, which can have a transformative effect on the industry in general.
Teaming up with the architectural and design firm Massuad, the Japanese automobile manufacturer has developed a new concept known as ME.WE.
Toyota explained that the idea is to produce what it calls an "anti-crisis" vehicle. What this means is that it's a car that responds to modern-day challenges, be it human, economic or environmental.
The Czech manufacturer is hoping to demonstrate the versatility of its range of vehicles with the Rapid Sport, which represents a more "dynamic and emotive" iteration of the company sedan Rapid, according to Skoda chairman of the board Winfried Vahland.
Painted in the metallic colours of Corrida Red and Steel Gray and boasting 19-inch alloy wheels and impress...
BMW 3 Series buyers in the UK are to get a record level of choice, with a huge array of styles and trim packages available on the vehicles, as well as an option for four-wheel drive for the first time.
There is set to be five body styles, or six if the X3 SUV is included, with the Gran Turismo the latest one to arrive on British shores. This model has a stretched wheelbase to combine the look of a coupe with the functionality of a hatchback.
Already available are the saloon and t...
Car technology has transformed exponentially in recent years and Volkswagen is seeking to add its own contribution to the ever-changing landscape of interior gadgetry.
For its iconic Beetle, the German car manufacturer has installed Apple's now classic iPhone will form part of the interior of its Cabriolet model. It has achieved this through a specially developed app dubbed "Volkswagen Car Net The Beetle".
In addition to this, it has included a docking station, maki...
Volkswagen is to unveil a new SUV concept entitled the CrossBlue Coupe at next week's Shanghai Auto Show.
The five-seat vehicle's dimensions give it a low profile yet wide appearance that gives ita muscular and sport aesthetic.
Its drivetrain boasts a plug-in hybrid system with a V6 turbocharged direct injection fuel engine, as well as two electric motors at the front and the rear, which can together produce 415 PS.
The CrossBlue Coupe go zero to 62mph in a mere 5.9 second...
The Mazda6 has quickly become one of the more popular choices for fleet decision makers due to its style coupled with impressive efficiency.
With this in mind, it's perhaps not too surprising then that Fleet News gave the Mazda6 2.2 D 150 Sport Nav a very positive review indeed, highlighting the real perks of driving such a car.
The Mazda boasts impressive CO2 emission levels of 108g/km, but the news provider is quick to point out that "you don’t have to sacrifice performance".
It has 2...
The major driving force behind this good news is that the Prius has quickly become one of the world’s best-selling cars in this sector with a large number sold all around the world.
However, it features on forecourts with as many as 20 different hybrids, including the first Toyota plug-in hybrid, with...