VW is understood to be close to a deal to rejoin the Iranian automotive industry. Iran’s ambassador to Berlin Ali Majedi said the company had been looking at the Iranian market for a year and, having studied the capabilities of two car makers, are now choosing which will be their partner. Although Ali didn’t name [...]

Although the Italian passenger car market continued to flourish in March, demand in Spain dipped for the first time in 30 months according to IHS Automotive. Providers of global market, industry and technical expertise, IHS revealed the Italian passenger car market grew by 17.4% year-on-year (y/y) during March, with the Spanish market retracting by 0.7% [...]

Trivest Partners has announced the sale of Take 5 Oil Change to Driven Bands. New Orleans-based Take 5 is the fastest growing quick lube chain in the US, focused exclusively on oil changes and ancillary services, including windshield wiper and air filter replacements. Trivest acquired it in November 2011 and under its ownership Take 5 [...]

India has announced a bold vision to replace every single traditional petrol car on its roads with an electric vehicle by 2030. Only six per cent of India’s 1.2 billion population own a car at the moment, but that figure is expected to mushroom in the coming years as the company’s economy grows. However, India [...]

Three manufacturers have had to recall electric cars in the last few weeks, with Volkswagen, Nissan and Renault all admitting problems with their models. VW has just recalled 5,561 e-Golf cars in the US following complaints of the vehicle stalling unexpectedly. The manufacturer said that the car’s management system could ‘inadvertently classify a brief internal [...]