In boost to GM and VW, China resumes incentives for foreign auto investment 12:01 am U.S. ET | May 17, 2013  A surprise policy shift in China is expected to give a boost to GM, Volkswagen Group and other foreign automakers planning to expand in the world's largest car market.... Read More »
VW, GM, others get unexpected boost in ChinaMay 17, 2013 06:01 CET  A surprise policy shift in China is expected to give a boost to VW Group, GM and other foreign automakers planning to expand in the world's largest car market.... Read More »
2013 SHANGHAI AUTO SHOW Mercedes hits reset on China after sales drive faltersApril 22, 2013 08:34 CET  Mercedes is accelerating its dealer expansion in China, streamlining sales and bringing out a number of new or revamped models in a bid to to fix past mistakes in the market that have contributed to a growing gap with premium rivals BMW and Audi.... Read More »
SUPPLIERS Faurecia wins approval to build new NA headquartersApril 3, 2013 06:01 CET  Faurecia North America Inc. has received final approval to build a three-story, 278,000-square-foot North American headquarters in suburban Detroit that will house the company's administration and a technical center for its automotive seating and exteriors units.... Read More »
GM South Korean unit to spend $7.3 billion to expand 7:29 am U.S. ET | Feb. 22, 2013  GM's South Korean unit plans to invest 8 trillion won ($7.3 billion) over five years to expand in a country where it made four of every 10 Chevrolets sold worldwide last year.... Read More »
M&A outlook for global auto industry weakens, survey says 10:31 am U.S. ET | Feb. 3, 2013 Due to a lack of confidence in the global business environment, the percentage of automotive companies planning to pursue acquisitions within a year fell to 19 percent, according to an Ernst & Young survey.... Read More »
GM to invest $200 million at its powertrain headquarters 2:41 pm U.S. ET | Jan. 30, 2013  GM is investing $200 million in its global powertrain center in suburban Detroit, part of a plan to consolidate work done elsewhere and accelerate development of new engine technologies.... Read More »
Auto execs discount overcapacity, eye new global investments 12:01 am U.S. ET | Jan. 9, 2013  A growing number of global auto executives say they are planning to increase investments in factories and distribution networks as their fears of widespread overcapacity wanes. A survey released today by the financial advisory firm KPMG LLP finds that auto executives are becoming more bullish about the market despite economic worries in Europe and a perceived slowdown in growth in China.... Read More »
Jeep posts global sales record 12:23 pm U.S. ET | Jan. 9, 2013  Global sales of Jeep-branded vehicles reached a record 701,626 units in 2012, despite the elimination of one nameplate. The global sales figure topped the brand's previous record of 675,494, set in 1999, and was a 19 percent gain over 2011.... Read More »
Audi plans to spend $17 billion on expansion in pursuit of BMWDec. 27, 2012 16:40 CET  Audi plans to spend 13 billion euros ($17 billion) through 2016 to develop new cars and expand production capacity as it pursues BMW's lead.... Read More »
Audi plans to spend $17 billion on expansion in pursuit of BMW 10:40 am U.S. ET | Dec. 27, 2012  Audi plans to spend 13 billion euros ($17 billion) through 2016 to develop new cars and expand production capacity as it pursues BMW's lead.... Read More »
Rolls-Royce expands global dealerships to target wealthy outside Europe 12:01 am U.S. ET | Dec. 1, 2012  Rolls-Royce aims to increase its global dealerships to 120 from 105 within five years to target millionaires in markets like Chile, Thailand and Vietnam, who are unfazed by Europe's debt crisis.... Read More »
Rolls-Royce expands global dealerships to target wealthy outside EuropeNov. 27, 2012 06:01 CET  Rolls-Royce aims to grow its global dealerships to 120 from 105 within five years in a bid to target millionaires in markets like Chile, Thailand and Vietnam, who are unfazed by Europe's debt crisis.... Read More »
|
