Global Expansion

VW will invest 86 billion euros chasing Toyota

Nov. 21, 2014 12:57 CET
Volkswagen will invest 85.6 billion euros ($106 billion) over the next five years on new vehicles, technology and factories as it tries to pass Toyota and become the world's largest automaker....
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GM's Q3 global vehicle sales up 2% on strong China, U.S. demand

10:43 am U.S. ET | Oct. 15, 2014
General Motors' global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States....
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Honeywell revs up global turbocharger projections

12:08 pm U.S. ET | Sept. 30, 2014
The global use of turbochargers to amplify engine power, already on the rise in recent years, is expected increase even more than earlier projections -- to 49 million sales annually by 2019, supplier Honeywell said in its annual forecast....
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GM and Isuzu to jointly develop midsize pickup for global markets

7:11 am U.S. ET | Sept. 26, 2014
GM and Isuzu Motors agreed to jointly develop a midsize pickup truck for sale in several markets around the world, but not for the United States and Canada....
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HANS GREIMEL

Why climate change could stall growth in emerging markets

12:01 am U.S. ET | Sept. 26, 2014
Auto executives have long salivated over the huge future sales possible in emerging markets. But a new economic forecast says surging greenhouse gases, spurred partly by auto emissions, will throw cold water on that once-anticipated development boom....
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HANS GREIMEL

Why climate change could stall growth in emerging markets

6:51 am U.S. ET | Sept. 25, 2014
Auto executives have long salivated over the huge future sales possible in emerging markets as their teeming, upwardly mobile masses migrate from motorbikes to cars. So imagine the irony behind a new economic forecast that says surging greenhouse gases, spurred partly by auto emissions, will throw cold water on that once-anticipated development boom....
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Nissan taps BMW's Krueger to head Infiniti

9:30 pm U.S. ET | Sept. 9, 2014
Nissan has poached BMW veteran Roland Krueger to head its leaderless Infiniti luxury unit, lending a touch of German flair to a brand struggling to break out of the second tier. Krueger, 48, steps into a brand twice stung by recent defections, first by brand President Johan de Nysschen's departure in July, then by the exit of its chairman, Andy Palmer, last week....
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Aisin's North American growth drives more investment, new HQ

10:51 am U.S. ET | Aug. 19, 2014
Aisin opened a new North American headquarters in suburban Detroit in July as part of the foreign subsidiary's ongoing growth stateside....
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2014 MANAGEMENT BRIEFING SEMINARS

The global market beckons, but where?

4:09 pm U.S. ET | Aug. 6, 2014
The auto industry will have to side-step social unrest and political obstacles to take advantage of a coming decade of overseas growth opportunity, says GM’s chief economist....
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Southeast Asia: Next boom market?

11:00 am U.S. ET | Aug. 6, 2014
Auto industry executives are still upbeat about China, but their enthusiasm for the other BRIC countries has waned. New markets are in demand -- and are being discovered -- such as Southeast Asia....
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Ford looks to build factories in fast-growing African markets

6:34 am U.S. ET | Aug. 5, 2014
Ford plans to expand its manufacturing plants in Africa, where the automaker is introducing models such as the Mustang and forecasts industrywide sales will grow 40 percent by 2020....
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Penske adds Spain to its overseas roster

12:01 am U.S. ET | Aug. 4, 2014
Fresh off the heels of a joint venture in Barcelona, Spain, Penske Automotive Group Inc. will continue to expand with acquisitions in the United States and elsewhere. "We want to expand globally where we have human capital and people to build these businesses," Chairman Roger Penske told Automotive News....
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Toyoda Gosei aims to be 'real global supplier'

12:01 am U.S. ET | Aug. 4, 2014
Toyoda Gosei Co., the Toyota Motor Corp.-affiliated Japanese auto parts supplier, boasts all the hallmarks of a global industrial giant. But to President Tadashi Arashima, it's just a small Japanese player. He wants to change that....
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A VULNERABLE GIANT

Volkswagen's soaring growth under Piech masks troubles

12:01 am U.S. ET | July 14, 2014
During his two-decade reign, Volkswagen Group Chairman Ferdinand Piech has created an automotive giant with broad geographic reach. But industry analysts say the No. 3 global automaker may be too vast and fractured to stay cohesive after Piech's departure....
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Porsche will increase work force 24% in global expansion

July 1, 2014 15:43 CET
Porsche will increase its headcount by about 5,000 to underpin its global growth ambitions. The new jobs will be created in model development, production, sales and servicing, Porsche said....
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Hitachi Automotive plans its overseas expansion

12:01 am U.S. ET | June 16, 2014
Hitachi Automotive Systems Ltd. aims to leverage its expertise in electronics to win more overseas customers. Its overseas push is part of a trend of Japanese suppliers' seeking growth abroad as vehicle sales stagnate at home....
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Fiat Chrysler projects major boost in U.S. market share

4:56 pm U.S. ET | May 6, 2014
Fiat Chrysler Automobiles projected that it will have roughly the same 2018 market share in the United States as Ford had last year and that its global sales would grow more than twice as fast as the rest of the industry....
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Bosch sees up to 5% sales growth in 2014 amid strategy shift

April 30, 2014 12:40 CET
Bosch expects sales growth of between 3 percent and 5 percent this year, even as the supplier shifts its focus toward Asian markets and developing Internet-connected sensors....
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DAVE GUILFORD

Autos' enthusiasm for emerging markets hits brakes

2:11 pm U.S. ET | April 15, 2014
Global automakers have jostled to position themselves for growth, particularly in the much-touted BRIC markets -- Brazil, Russia, India and China. But that growth formula has been looking a little less solid lately. Tension with Russia over the annexation of Crimea, with the prospect of stiffer trade sanctions, has rattled automakers' confidence....
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Economists: Global GDP growth on the rise, but BRICs disappoint

11:14 am U.S. ET | April 15, 2014
The global economy will do “fairly well” in the coming years, with the United States economy leading the way, while Europe “has turned a corner,” a leading economist said....
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Beijing Auto looking to acquire a brand in Europe or U.S

April 3, 2014 08:21 CET
Beijing Automotive said it wants to buy a "mid- to high-end brand" in Europe or the United States to boost its global presence and it already has candidates in mind....
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VW seeks to open car plant in Thailand, sources say

April 2, 2014 10:08 CET
VW Group has applied to set up its first car plant in Thailand to help narrow the gap with Toyota in Southeast Asia, people familiar with the matter said. VW sees a "strong market opportunity" in the region CFO Hans Dieter Poetsch said last week....
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Audi says cost of foreign growth, new models to burden EBIT margin

March 11, 2014 11:41 CET
Audi is bracing for another drop in operating profit this year as the cost of foreign expansion, new models and technologies keep burdening results....
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Autoliv preps new China airbag plant to supply Great Wall

Feb. 25, 2014 10:34 CET
Autoliv will start building an airbag plant in the second half of this year in the north China city of Baoding, where Great Wall Motor Co. is headquartered. The plant will make airbags mainly for Great Wall's Haval SUVs....
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KEITH CRAIN

This is not a simple business anymore

12:01 am U.S. ET | Feb. 3, 2014
It hasn't been easy over the past decade or so to figure out what's a domestic vehicle and what's an import. And it's not getting any easier as more companies become multinationals. It probably doesn't matter anymore....
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