Renault opens China factory amid slowing market

Feb. 1, 2016 10:57 CET

Renault launched its new factory in China, saying it still sees plenty of growth in the market where new-car demand is slowing after years of double-digit growth....
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PSA will invest $435 million to upgrade plant in Iran

Jan. 28, 2016 10:53 CET

PSA/Peugeot-Citroen and its long-time Iranian partner will invest $435 million upgrading their auto plant near Tehran to produce 100,000 vehicles a year. The revamped factory will make the Peugeot 208 hatchback, 301 sedan and 2008 crossover....
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Fiat finds $1 billion in savings from unlocking Chrysler's cash

Jan. 27, 2016 10:58 CET

Fiat Chrysler CEO Sergio Marchionne has found a way to cut borrowing costs at the company by gaining full access to Chrysler's cash stockpile of about $13 billion, two years after Fiat merged with the U.S. carmaker....
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Audi considers move into Iran

1:15 pm U.S. ET | Jan. 18, 2016

Audi is gauging its first-ever entry into the Iranian auto market where the German firm sees "growing potential" for luxury cars after world powers lifted international sanctions....
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GM and Ford will be tested by slowing global auto demand

5:41 am U.S. ET | Jan. 14, 2016

A looming slowdown in global auto demand will test General Motors and Ford as they try to funnel more cash to shareholders while still investing adequately in new vehicles and technology....
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Ferrari's new independence increases pressure to grow

Jan. 14, 2016 11:48 CET

Ferrari once capped annual production at about 7,000 cars in an effort to maintain the brand's exclusivity. The automaker now says it may lift output beyond its current target of 9,000 in 2019, as it faces the pressures of going it alone without former parent Fiat Chrysler....
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Plastic Omnium ramps up North American expansion

1:32 pm U.S. ET | Jan. 11, 2016

Plastic Omnium is a company in a hurry. While analysts are debating whether the U.S. car market has topped out, the French supplier has made a $650 million bet that the party isn’t over yet....
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McLaren will add 250 new jobs as product expansion pays off

Jan. 8, 2016 06:01 CET

UK supercar maker McLaren Automotive will add 250 jobs and a second shift as demand for its supercars grows. The company expects to sell 3,000 cars this year, up from 1,653 last year, helped by strong orders for its entry-level Sport Series cars....
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Toyota tops global car sales in Nov., outsells VW for 5th straight month

7:48 am U.S. ET | Dec. 25, 2015

Toyota sold more cars than Volkswagen AG for the fifth consecutive month in November, putting the Japanese firm on track to remain the world's top-selling automaker in 2015 as sales at the German maker suffer following a diesel emissions scandal....
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Mercedes steps up dealer expansion in smaller Indian towns

Dec. 12, 2015 16:00 CET

Mercedes is stepping up expansion of its car dealer network in smaller Indian towns to tap growing wealth and aspirations for global luxury brands....
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Aston Martin narrows options for new plant location to 4 sites, report says

Dec. 9, 2015 12:04 CET

Aston Martin will decide in the next few weeks where it will open a new plant to build the DBX crossover. The company will choose from four sites in the UK, the U.S. and the Middle East, Reuters reported....
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How Volvo made itself more interesting to suppliers

Dec. 9, 2015 06:01 CET

Volvo's production expansion in China and planned U.S. factory has made the automaker more interesting to suppliers, purchasing and manufacturing head Lars Wrebo told Automotive News Europe....
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Jaguar Land Rover mulls buying UK race track for new headquarters, reports say

Dec. 3, 2015 10:17 CET

Jaguar Land Rover is considering a bid to buy the British race track Silverstone to use as its new headquarters, newspapers reported....
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Continental invests 250 million euros to expand China tire plant

Nov. 25, 2015 11:28 CET

Continental has started expanding its tire plant in China with an investment of 1.7 billion yuan (250 million euros) in a bid to boost annual output by 40 percent at the factory by 2017....
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Tesla in talks with Germany over possible battery factory

Nov. 17, 2015 16:17 CET

Tesla is in discussions with the German government about building a battery factory in the country. Tesla has said that Germany is a key market for its household battery-storage systems....
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Subaru chief seeks to limit sales growth

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

Subaru sales keep growing. But global head Yasuyuki Yoshinaga says there is such a thing as too big. He wants to keep sales in the 1 million unit-plus range to preserve the brand's niche appeal....
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Tesla ends $100 flat fee service promise

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

Tesla once pledged door-to-door “Ranger” service for covered repairs for $100. The company is now charging some customers much more than that, triggering owner complaints....
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VW sticks to $24 billion China spending plan amid cost cuts

Oct. 30, 2015 12:02 CET

Volkswagen will protect its $24 billion expansion plan in China from cost cuts, emphasizing the importance of its No. 1 market in helping to stem the fallout of the diesel-emissions scandal....
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Breaking through? Ford wants profit surge

12:01 am U.S. ET | Oct. 26, 2015

After the overhaul of some of its most important vehicles cut into Ford's earnings for the past year and a half, this week's third-quarter financial report represents CEO Mark Fields' first chance to deliver the "breakthrough" results he's been promising....
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Mercedes names new chief of China r&d center

Oct. 2, 2015 12:10 CET

Mercedes named Hans Georg Engel to run its r&d center in Beijing where he will oversee the expansion of the unit, which is planned to almost double in size by the end of the year from when it opened in 2014....
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Borgward seeks investors for revival after 54 years

Sept. 17, 2015 15:56 CET

Borgward is seeking investors as it aims to boost its lineup to five models and reach global annual sales of 500,000 in the medium term. The automaker unveiled its first vehicle for 54 years, the BX7 SUV, at the Frankfurt auto show....
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Jaguar Land Rover plans new plant in Slovakia

Aug. 11, 2015 10:39 CET

Jaguar Land Rover has signed a letter of intent to build a new car plant in Nitra, western Slovakia. JLR will carry out a feasibility study for the factory, which is expected to open in 2018 and reach an annual output of up to 300,000 vehicles by 2025....
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German suppliers chase opportunities in China

11:00 am U.S. ET | Aug. 5, 2015

Companies in China with Western participation such as SAIC Motor Corp. and China FAW Group Corp. are still the engines of growth there. But domestic Chinese companies such as Chery Automobile Co. and Geely have been carried along in their wake and are strongly advancing on them. That could give German suppliers a new foothold in China....
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Aston Martin looks at more than 10 sites for new factory

July 28, 2015 06:01 CET

Aston Martin is reviewing more than 10 sites in Europe, the U.S. and other global locations for a new factory to build its first crossover....
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Faurecia explores sale of bumpers unit, report says

July 21, 2015 10:26 CET

Faurecia is exploring a sale of its bumpers business, sources said, as the supplier seeks to free up resources to fund expansion in China. The unit may fetch as much as $450 million, the sources said...
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