Manufacturing

Shanghai GM to spend $16 billion to boost China product portfolio, market share

6:19 pm U.S. ET | April 19, 2015

Shanghai GM, a joint venture between General Motors and China's SAIC, plans to spend $16 billion over the next five years developing new vehicles and to lift its Chinese market share.... Read More »

VW board members came close to demanding Piech's resignation, paper says

April 18, 2015 22:33 CET

Senior members of Volkswagen's supervisory board were prepared to demand Chairman Ferdinand Piech's resignation had he not agreed to a statement backing CEO Martin Winterkorn, a German newspaper reported. Piech had initially resisted pressure from other board members to back Winterkorn during an emergency meeting.... Read More »

BMW to recall 91,800 Mini Coopers over airbag flaw

10:34 am U.S. ET | April 18, 2015

BMW of North America will recall about 91,800 Mini Coopers in the U.S. to fix a flaw with the front passenger seat mat that may prevent the passenger airbag from deploying.... Read More »

Lotus plans to build cars in China

April 17, 2015 16:24 CET

Lotus plans to build cars and engines in China in a joint venture, DRB-Hicom, the UK sports car maker's Malaysian parent company, said. The venture will involve an investment of $1.6 billion over 15 years.... Read More »

Ford to spend $2.5 billion on new Mexico engine, transmission operations

1:08 pm U.S. ET | April 17, 2015

Ford, confirming reports from earlier this week, will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs. The company will build a new engine line within its engine plant in the northern state of Chihuahua. The company will also build a transmission plant in the central state of Guanajuato.... Read More »

Oman will use Italian expertise to help build auto industry

April 17, 2015 06:01 CET

The Oman government has bought into an Italian supplier as part of its goal to develop car production in the oil-rich Middle Eastern state. The state-owned Oman Investment Fund last month bought a 40 percent stake in Italian thermoplastic parts supplier Sigit.... Read More »

Volvo narrows choices for U.S. plant to S. Carolina, 2nd state, report says

11:57 am U.S. ET | April 17, 2015

Volvo Cars is weighing a site in South Carolina against another southern state as it prepares to invest $500 million in its first US plant, people with knowledge of the matter told Reuters today.... Read More »

Lotus forms joint venture to build cars, engines in China

9:34 am U.S. ET | April 17, 2015

Lotus plans to build cars and engines in China in a joint venture, DRB-Hicom, the U.K. sports car maker's Malaysian parent company, said.... Read More »

Ford eyes 'high volume' use of carbon fiber

9:24 am U.S. ET | April 17, 2015

Ford today said it has signed a deal with a carbon-fiber manufacturer to jointly explore “high-volume” automotive uses for the lightweight material. The agreement with DowAksa, a joint venture of Dow and a Turkish company, builds on an arrangement that Ford announced in January as it unveiled the GT supercar.... Read More »

Nissan to expand U.S. recalls tied to Takata airbag flaw

7:24 am U.S. ET | April 17, 2015

Nissan plans to expand a regional recall of cars in the United States with potentially defective Takata airbags after a woman said she was injured last month by shrapnel from the device in her 2006 Sentra sedan.... Read More »

Mahindra nears deal to buy Pininfarina, sources say

April 16, 2015 14:10 CET

Mahindra & Mahindra, India's largest maker of SUVs, is in the final stages of negotiations to buy Italian design and engineering firm Pininfarina, according to people familiar with the matter, who said a deal could be reached as early as next week.... Read More »

Aluminum F-150 improves crash-test rating from all-steel predecessor

9:48 am U.S. ET | April 16, 2015

The aluminum-bodied Ford F-150 has earned a better government crash-test rating than its all-steel predecessor, countering any concerns that the lighter material would result in a weaker truck and eliminating one of the Chevrolet Silverado's advantages.... Read More »

Magna to sell interiors unit to Grupo Antolin for $525 million

9:17 am U.S. ET | April 16, 2015

Canadian auto supplier Magna has agreed to sell its interiors operations to Grupo Antolin, a Spanish supplier with global operations, in a deal valued at about $525 million, Magna said today in a statement.... Read More »

Chinese conglomerate completes acquisition of Prestolite Electric

1:11 pm U.S. ET | April 16, 2015

Chinese conglomerate Zhongshan Broad-Ocean Motor has completed its acquisition of Michigan-based supplier Prestolite Electric LLC.... Read More »

Volkswagen extends Routan ignition-switch recalls

12:55 pm U.S. ET | April 16, 2015

Volkswagen is recalling 20,676 Routan minivans with potentially faulty ignition switches. It is an extension of recalls for ignition-switch defects that replaced only detent plungers, instead of the full ignition switch.... Read More »

Grupo Antolin to buy Magna unit for $525 million

April 16, 2015 15:17 CET

Spain's Grupo Antolin has reached an agreement to purchase Magna International's interiors unit for about $525 million, creating what Antolin estimates will be the world's third-largest player in the consolidating sector.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BorgWarner CEO welcomes electrification of the powertrain

April 16, 2015 06:15 CET

BorgWarner sees the electrification of the powertrain as a positive for the supplier despite its heavy reliance on sales of parts that EVs don't need, such as turbochargers and glow plugs, James Verrier, the company's CEO, explained to Automotive News Europe.... Read More »

Faurecia sales boosted by European car demand, weaker euro

April 15, 2015 18:46 CET

Faurecia said its first-quarter sales rose 14 percent, helped by currency tailwinds and a recovery in European vehicle demand.... Read More »

Q&A

New Black Book exec looks to help dealers close loans, leases faster

11:15 am U.S. ET | April 15, 2015

Barrett Teague, Black Book's new vice president of lender solutions, says dealership F&I managers are never far from his mind. In part that's because he's been an F&I manager himself. Teague, 43, joined Black Book on April 6. His new role is to work with lenders, but how lenders use Black Book data also has a direct effect on dealerships, he says.... Read More »

Toyota investments in Mexico, China to usher in new cost-efficiency strategy

9:00 am U.S. ET | April 15, 2015

Opening its purse after a three-year expansion freeze, Toyota announced plans today to spend nearly $1.5 billion on a new factory in Mexico and a new line in China to support sales growth in key markets and underpin a global overhaul in the way it builds vehicles.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Crossovers to boost awd suppliers for rest of the decade

April 15, 2015 06:15 CET

Booming demand for SUVs and crossovers in Europe and China will keep benefiting suppliers of all-wheel-drive technology such as GKN Driveline, BorgWarner and JTEKT for the rest of the decade.... Read More »

Hyundai may add Mexico plant as local auto sales increase

2:56 pm U.S. ET | April 14, 2015

Hyundai may build a factory in Mexico once the company's domestic auto sales rise, joining affiliate Kia Motors in Latin America's top vehicle-producing market, a top Mexican executive said Tuesday. A Hyundai spokesman, however, disputed the executive's comments.... Read More »

Toyota to announce details on Mexico factory; Corolla production will move from Canada to new plant, report says

6:19 am U.S. ET | April 14, 2015

Toyota will move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, a report said.... Read More »

RICHARD TRUETT

BLOG: Self-driving building blocks already in place

11:00 am U.S. ET | April 14, 2015

It will largely be the work of software writers that determines the safety, performance and comfort of autonomous cars. Engineers have already built and incorporated into today's cars much of the mechanical hardware needed for self-driving vehicles.... Read More »

Ford to unveil $2.5 billion Mexico investment on Friday, report says

12:58 pm U.S. ET | April 14, 2015

Ford plans to announce on Friday an investment of about $2.5 billion in Mexico, industry sources told Reuters. Ford will invest $1.3 billion to expand its plant in northern Chihuahua state, where it will build two new diesel engines. Another $1.2 billion is destined for a transmission plant in central Guanajuato state, the sources said.... Read More »

 
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