Expansion

Germany's Brose expects China sales to rise 50% by 2020

May 1, 2015 06:01 CET

German supplier Brose Group expects its annual sales in China will grow by 50 percent by 2020, as the company undergoes a period of expansion in the country....
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Aluminum castings supplier Sakthi plans $31.9 million expansion in Detroit

1:09 pm U.S. ET | April 30, 2015

Aluminum castings supplier Sakthi Automotive Group USA is planning a $31.9 million expansion of its plant in Detroit....
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GM to spend $5.4 billion on U.S. plant upgrades over 3 years

10:30 am U.S. ET | April 30, 2015

GM will invest $5.4 billion in upgrades to its U.S. manufacturing plants over the next three years, creating 650 new jobs. GM detailed only $783 million of the spending, including $520 million for new tooling and equipment at its Delta Township assembly plant in Lansing, Mich....
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Supplier ThyssenKrupp plans to invest $869 million in N.A. by 2020

11:39 am U.S. ET | April 24, 2015

German industrial group ThyssenKrupp plans to invest more than 800 million euros ($869 million) in North America by 2020 to take advantage of increased auto production....
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TRW plans to open 3 more plants in China

10:08 am U.S. ET | April 21, 2015

TRW Automotive, the safety components supplier being acquired by Germany’s ZF Friedrichshafen, said it plans to open three plants in China this year and next....
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Volkswagen mulls budget SUVs, minivans for China

April 19, 2015 11:13 CET

Volkswagen is exploring the possibility of developing budget SUVs and minivans in China to keep up with shifts in the market, its China chief executive, Jochem Heizmann, said. VW is considering a product family of low-cost models, he said....
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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....
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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....
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PSA's Slovakia unit to boost output with new model

March 31, 2015 15:29 CET

PSA expects to raise annual capacity at its factory in Trnava, Slovakia, to more than 300,000 by 2017 with the production of a new Citroen model....
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Big year shapes up for Jeep's global expansion

12:01 am U.S. ET | March 30, 2015

With the first Italian-made Jeep, the Renegade subcompact SUV, rolling into U.S. dealerships this month, brand head Mike Manley says global expansion will continue this year, with new plants in Brazil and China....
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Tata plans to raise $1.2 billion to help fund Jaguar Land Rover expansion

March 25, 2015 17:52 CET

Tata Motors plans to raise as much as $1.2 billion in a rights offer to help fund investments at its Tata and Jaguar Land Rover brands. Jaguar Land Rover plans to add more than 40 new products and to increase manufacturing capacity in the UK, in China, Brazil and other markets....
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Why a Japanese supplier is upping its game

12:01 am U.S. ET | March 22, 2015

Aisin Seiki, the world's fifth biggest auto supplier, is doubling the size of its global design division as it expands into new products and targets new customers....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Spain's Gestamp surged when main rivals slumped

March 18, 2015 06:01 CET

Spanish supplier Gestamp will continue along the growth path it started down when the auto industry was hit by the last financial crisis when it went on an expansion spree that boosted its operations in markets as far apart as Germany and China....
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Porsche nears decision on 7th model line

March 13, 2015 11:53 CET

Porsche is finalizing plans to add a new model to meet rising demand for sporty luxury vehicles. The candidates for Porsche's seventh model family include an EV to compete with Tesla, a shooting brake version of the Panamera or a sports car between the 911 and 918 Spyder....
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Audi sees lower profitability as it invests to boost sales

March 10, 2015 12:31 CET

Audi is targeting another year of record car sales in 2015, but said profitability could slip further amid spending on technology, foreign expansion and plans to increase its model range to 60 vehicles by 2020....
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Lower oil prices to boost global auto sales 1.5%, forecast says

9:53 am U.S. ET | March 5, 2015

Falling oil prices will boost global auto sales 1.5 percent through 2019, with the biggest windfalls coming in North America, IHS Automotive said in a new forecast....
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Ghosn guns for global top 3

12:01 am U.S. ET | March 2, 2015

Renault-Nissan CEO Carlos Ghosn remains confident that by 2018 his alliance will rank as one of the world's three largest automakers. He sees the alliance rising from its current No. 4 ranking, even though last year it encountered big troubles in Russia and finished about 1.4 million vehicle sales behind No. 3 General Motors....
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Nissan’s bullish U.S. forecast calls for overtaking Honda

12:01 am U.S. ET | March 2, 2015

Nearly two years ago, Carlos Ghosn bemoaned Nissan Motor Corp.'s lackluster performance in North America as his biggest "disappointment." Now, the CEO's fix-it man, Jose Munoz says the U.S. is a "powerhouse" again and the comeback is gaining speed....
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Daimler labor chief queries pace of U.S. expansion

Feb. 25, 2015 10:54 CET

Daimler's plans to expand production in the United States should be recalibrated if the euro remains weak against the dollar, the automaker's top labor chief, Michael Brecht, said....
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Porsche dealers eager to upgrade

12:01 am U.S. ET | Feb. 23, 2015

About 150 of the 189 U.S. Porsche dealerships are renovating or expanding as the brand's sales have soared. Porsche Cars North America wants additional showroom and service space from dealers to accommodate the growing number of nameplates in its lineup and the additional vehicles on the road....
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Is Acura too American to compete globally?

12:01 am U.S. ET | Feb. 21, 2015

"Acura is an American brand," said Honda's outgoing r&d chief. But if Acura doesn't evolve into a global brand, he says, the marque's business model is going to "get tough."...
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The numbers tell the story: Toyota's back

12:01 am U.S. ET | Feb. 16, 2015

Some questioned whether Toyota could re-create its glory days after the one-two punch of unintended acceleration and earthquake/tsunami in the early part of this decade. Of course, it has....
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Daimler targets at least 10% sales growth in China this year

Feb. 10, 2015 13:27 CET

Daimler will boost local production of Mercedes vehicles in China and continue its dealer network expansion as it targets sales growth of at least 10 percent this year, the company's China chief, Hubertus Troska, said....
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Global sales will hit 88.6 million in 2015, pushed by U.S. and China, IHS predicts

6:33 am U.S. ET | Feb. 2, 2015

Global automotive sales for 2015 could hit 88.6 million vehicles, a 2.4 percent increase from 2014 that would continue a five-year growth streak, IHS Automotive said today....
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Renault will increase dealer rebates in China

Jan. 30, 2015 11:32 CET

Renault will give its China dealers more rebates and moderate sales targets as demand cools. Sales growth of passenger vehicles in China will probably slow to 8 percent this year from 10 percent in 2014, according to an industry association....
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