Joint Ventures

Magna forms JVs to make electric cars in China

8:23 am U.S. ET | June 18, 2018
Canadian auto parts supplier Magna said it would set up two joint ventures with Beijing Electric Vehicle to build cars in China.

Ford says fuel cell venture with Daimler will close

3:56 pm U.S. ET | June 13, 2018
Ford and Daimler are winding down a joint venture to develop fuel cell technology, Ford says, as the companies plan to take their fuel cell technology development in-house.

Daimler, BYD to recapitalize China EV partnership

June 5, 2018 16:14 CET
Daimler and its China partner BYD will each invest 400 million yuan ($62.5 million) to help speed a turnaround at their unprofitable EV joint venture.

VW will open 3 new China plants on SUV, EV demand

May 28, 2018 14:39 CET
VW will open three new factories in China with local partner FAW as it steps up efforts to maintain leadership in the world's biggest auto market.

VW Group's China sales rose 12% in April on Audi, Skoda demand

May 22, 2018 12:22 CET
Volkswagen Group's China sales rose nearly 12 percent in April, led by demand at the Audi and Skoda brands.

Talks for Mini's China output are 'going well,' BMW CEO says

May 11, 2018 14:33 CET
BMW's talks with Great Wall over building electric Minis in China are "going well," BMW CEO Harald Krueger said. But it could be autumn before a decision is reached, Krueger said.

Automakers see perks with JVs even as China opens market

May 2, 2018 11:56 CET
China's decision to loosen restrictions on foreign automotive investment may do little to change the joint venture landscape, as foreign manufacturers have invested billions in domestic partnerships and can't easily pull up roots, international executives said last week at the Beijing auto show.

VW's China JVs plan $18 billion in tech spending

April 24, 2018 14:32 CET
VW Group's China JVs will bolster spending in the next five years to a total of $18 billion as the automaker seeks an edge in producing self-driving vehicles and EVs in the market.

YANG JIAN

Why it won't be easy for global automakers to part with Chinese partners

12:01 am U.S. ET | April 23, 2018
The Chinese government will phase out restrictions on foreign ownership of joint ventures with domestic automakers. But a complete separation will be hard for nearly all global brands that manufacture in China.

VW, BMW, Daimler could gain from China removing ownership caps

April 17, 2018 15:51 CET
VW, BMW and Daimler welcomed China's decision to allow foreign automakers to own more than 50 percent of local ventures but said the move will not affect their existing partnerships.

For GM, VW and their Chinese partners, breaking up may be hard

7:04 pm U.S. ET | April 17, 2018
Some marriages are just too hard to break up. The many joint ventures between multinational automakers and their Chinese betrothed might be just that.

China to scrap foreign ownership caps on automakers by 2022

6:56 am U.S. ET | April 17, 2018
The move is a major policy shift that will open the market wider to automakers such as Nissan and Tesla. It comes amid a trade standoff between Washington and Beijing, and signals the end of a 1994 rule in the biggest auto market that limits foreign automakers to a 50 percent share of any local venture.

Ford, India's Mahindra to develop SUVs, electric vehicle

11:29 am U.S. ET | March 22, 2018
Ford and India's Mahindra & Mahindra said they have signed an agreement to develop midsize and compact SUVs and an electric vehicle.

REBUILDING TIES

Ford aims to rebuild trust with China partners as sales slip

4:00 pm U.S. ET | March 19, 2018
After 20-odd years of "marriage" in China, Ford is preparing a product blitz and campaign to localize management to maintain and build trust with partners Changan Auto and Jiangling Motors Group. The goal: Reverse a sales slump and boost employee morale.

Shanghai government says Tesla talks on track despite Musk outburst

6:52 am U.S. ET | March 13, 2018
Talks between Telsa and Shanghai authorities over building a manufacturing plant remain on track, the city government said, easing concerns of a breakdown in negotiations after the EV maker's CEO criticized Chinese trade rules last week.

BMW will seek China production site for Mini EVs

Feb. 23, 2018 12:20 CET
BMW said it plans to choose a production site in China for Mini electric cars after signing a letter of intent on a joint venture with Great Wall Motor.

Toyota-Mazda venture offers opportunities

12:01 am U.S. ET | Feb. 19, 2018
Toyota and Mazda's planned north Alabama auto plant will operate as a separate entity, making its own supply chain decisions.

Daimler wins China approval for stake in BAIC's EV subsidiary

Feb. 13, 2018 10:28 CET
Daimler has won the Chinese government's approval to acquire a minority stake in the EV subsidiary of its joint-venture partner BAIC.

Aston Martin seeks EV partner in China

Feb. 2, 2018 11:02 CET
Aston Martin is seeking a joint-venture partner in China to help it develop EV technology and allow it to break into the world's biggest market for EVs, CEO Andy Palmer said.

Auto supplier Auria opens N.A. headquarters near Detroit

3:53 pm U.S. ET | Jan. 3, 2018
Auria Solutions opened its North American headquarters near Detroit this week. The automotive acoustic and textile startup was created by a joint venture between Shanghai Shenda and IAC.

PSA and Nidec plan joint venture for electric motors

Dec. 4, 2017 10:41 CET
PSA envisages production capacity of 900,000 electric motors annually by 2022 from its joint venture with Nidec. The partners will produce motors for EVs, plug-in hybrids and mild hybrids.

Yanfeng JV to lay off 345 at Detroit area plant

9:10 am U.S. ET | Nov. 28, 2017
Auto supplier joint venture Yanfeng US Automotive Interiors plans to lay off 345 employees at its Highland Park plant near Detroit, according to a notice filed with the state of Michigan.

VW, China's JAC may form light commercial vehicles JV

Nov. 27, 2017 14:57 CET
VW and China's JAC are considering setting up a joint venture for light commercial vehicles, expanding their cooperation beyond electric cars.

BMW is selling its stake in SGL carbon fiber joint venture

Nov. 24, 2017 15:48 CET
BMW is selling its 49 percent stake in its joint venture with carbon fiber specialist SGL. BMW is limiting its use of the material and turning to cheaper alternatives such as aluminum to help keep profit margins high.

Renault will tap Pakistan market to boost growth

Nov. 21, 2017 15:50 CET
Renault has signed an agreement to assemble and sell passenger vehicles in the fast-growing Pakistan market by 2019, as the automaker seeks to expand its presence in developing countries.

 
Automotive News Europe supplement 

Turn the pages of the 2018 Automotive News Europe Rising Stars program on your computer

 
Stadler's words return to haunt him

Christiaan Hetzner
9:23 am U.S. ET | June 18 2018

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Audi CEO Rupert Stadler could not have been more prophetic when he said last month: "The diesel cris ...
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70 years later, appreciating the genius of Ferry Porsche

Richard Johnson
12:01 am U.S. ET | June 15 2018

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We all know Ferdinand Porsche. But history has forgotten that it was his boy, Ferry, who created the ...
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Why VW should share its skateboard and change the world

Larry P. Vellequette
3:34 pm U.S. ET | June 13 2018

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Volkswagen Group CEO Herbert Diess has plenty on his plate, but he should consider these three words ...
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Land Rover sets course for Defender to come home

Richard Truett
11:42 am U.S. ET | June 12 2018

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Authenticity is crucially important for the next Defender. Building the iconic off-roader in its spi ...
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Volvo's Polestar commits to guiding light feature

Douglas A. Bolduc
12:01 am U.S. ET | June 9 2018

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Polestar CEO Thomas Ingenlath says that the Volvo-controlled brand will extend a unique design featu ...
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The Elkann style: Sustainability … at Ferrari speed

Andrea Malan
12:01 am U.S. ET | June 8 2018

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Lapo Elkann, scion of the Agnelli family and still part owner of Fiat Chrysler and Ferrari, showed a ...
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Why BMW's new 3 series needs to up its game

Christiaan Hetzner
12:01 am U.S. ET | June 6 2018

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The BMW 3 series is still the benchmark against which all midsize sedans are measured, but the outgo ...
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Why Chinese cars, crossovers should worry Europe's brands

Luca Ciferri
12:01 am U.S. ET | June 2 2018

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Chinese cars are now on par with products from Europe’s brands in terms of design, handling, p ...
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VW Group's new CEO Diess may have too much power

Christiaan Hetzner
12:01 am U.S. ET | May 24 2018

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Former BMW executive Herbert Diess now heads both VW Group and its core VW brand, which may be conce ...
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BMW envisions its iNext as an SUV

Christiaan Hetzner
12:01 am U.S. ET | May 23 2018

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BMW looks likely to follow Audi's e-tron and Mercedes's EQC with its own battery-powered full-size S ...
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China in control as industry enters new era
China has been the world's biggest auto market since 2009, when it eclipsed the U.S. ...
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European sales flat in May on fewer sales days
European sales rose a marginal 0.6 percent in May due in part to fewer working days. ...
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Jeep is biggest winner as Spain sales rise 7%
New-car registrations in Spain increased 7 percent in May with healthy demand from private and compa ...
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German market down 6% but VW bucks trend with new SUV
VW brand was among the few brands that gained new volume as German vehicle sales fell nearly 6 perce ...
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UK sales rise 3% in May on private demand
UK registrations increased 3.4 percent in May as growing demand from individual consumers offset a d ...
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Italy sales decline 3% on political uncertainty, diesel slump
Sales of new cars in Italy declined 2.8 percent in May, with political uncertainty after recent elec ...
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French May sales flat despite strong gains by Jeep, Hyundai, Skoda
French new-car registrations rose 0.2 percent in May, with Jeep, Hyundai, Skoda, DS and Dacia record ...
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VW Group's China sales rose 12% in April on Audi, Skoda demand
Volkswagen Group's China sales rose nearly 12 percent in April, led by demand at the Audi and Skoda ...
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VW, Toyota, Dacia rise as Europe sales rise 10% in April
VW, Toyota and Dacia all saw their European sales rise sharply in April, outpacing a market that gre ...
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Russian sales rise 18% as buyers try to beat price hikes
New-car sales in Russia rose 18 percent in April, as consumers hastened purchases anticipating that ...
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Europe's small SUV sales projected to 'grow like crazy'
European sales of small SUVs are poised to surge beyond the segment's typically strong growth, as ne ...
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Premium automakers add drivetrains, body styles to stabilize midsize sales
Europe's premium automakers are diversifying drivetrain and body style choices in the core midsize s ...
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Europe's automakers invest in sedans despite SUV surge
Automakers in Europe are continuing to invest in sedans even though the body style has been losing c ...
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Hyundai, Seat add body styles to spice up key sector
Automakers such as Hyundai, Ford, Kia and Seat are experimenting with new compact-car body styles in ...
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Audi, BMW forecast to give key SUV sector a lift with new flagships
A two-year slump in the demand for premium large SUVs in Europe is expected to end in 2019 as BMW an ...
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Tesla Model S outsells German luxury flagships in Europe
Germany's premium brands are under pressure to accelerate their plans for electric cars after Tesla' ...
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Europe's luxury compact car segment forecast to decline for second year
Aging models such as the BMW 1 series and Audi A3 as well as the continued rise of SUV alternatives ...
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Europe's EV sales expected to top 200,000 this year
Sales of full-electric cars are set to surge to 200,000 this year, helped by the arrival of the new ...
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VW, Peugeot, Seat propel compact SUV sector toward new record
Strong demand for new entries from VW, Peugeot and Seat helped to increase European sales in the com ...
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Premium midsize SUVs overtake sedans, wagons in key European segment
Last year for the first time premium SUV models such as the Volvo XC60, Audi Q5 and BMW X3 were more ...
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Apple poaches senior self-driving engineer from Waymo
Apple hired a senior self-driving car engineer from Alphabet's Waymo unit in a sign that the iPhone ...
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GM names first female finance chief
General Motors CFO Chuck Stevens is retiring and will be succeeded by Dhivya Suryadevara, a 39-year- ...
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Former GM chief Henderson named interim CEO of seating supplier Adient
Fritz Henderson, who steered GM through its 2009 bankruptcy, has been named interim CEO of seating s ...
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Rolls-Royce design chief Taylor leaves automaker
Rolls-Royce design director Giles Taylor has left the automaker to "pursue alternative business inte ...
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Rolls-Royce design chief Taylor leaves automaker
Rolls-Royce design director Giles Taylor has left the automaker to "pursue alternative business inte ...
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Lotus CEO Gales steps down, replaced by top Geely executive
Jean-Marc Gales has stepped down as Lotus Cars CEO and will be replaced by Feng Qing Feng, chief tec ...
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Daimler's Winkler to step down as Smart CEO
The CEO of Daimler's Smart business, Annette Winkler, is stepping down after eight years as head of ...
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Kia Motors America names Michael Cole as COO
Kia Motors America has handed the COO reins to Michael Cole, who had the same position for its Europ ...
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Porsche Canada gets new marketing director with digital focus
Porsche Canada has tapped Colas Henckes to be its new marketing director. ...
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Tesla hires Snapchat exec to head engineering
Tesla hired Snapchat maker Snap's vice president of monetization engineering, Stuart Bowers, as head of engineering to work on its Autopilot software and other projects. ...
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BMW 8 series will offer 320-hp diesel in Europe
BMW is reintroducing the 8 series with a diesel engine, which the automaker said is unprecedented in ...
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Kia shakes up Ceed family
Kia is shaking up its Ceed compact car family in response to the rising popularity of SUVs and cross ...
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Ford gives new Focus multiple personalities
Ford says it has has injected more emotion and personality into the new Focus compact in a bid to ra ...
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BMW X5 gains space, off-road package
BMW's new X5 SUV is getting a major styling makeover and will be larger than its predecessor with ex ...
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Audi Q8 debuts with plans for autonomous parking system
Audi's Q8 flagship SUV will offer a feature called garage pilot that will allow the driver to be out ...
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VW takes Touareg upscale with high-tech features
VW has packed its new Touareg with the latest high-tech equipment available, including thermal imagi ...
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VW takes Touareg upscale with high-tech features
VW has packed its new Touareg with the latest high-tech equipment available, including thermal imagi ...
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Hyundai Nexo leads eco charge
Hyundai sees Europe as a key market for its Nexo fuel cell car because the region has more advanced ...
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Hyundai makes Santa Fe more family-friendly
Hyundai hopes more advanced safety and comfort features, better styling and a more refined interior ...
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BMW aims sporty X2 at young buyers
BMW's is aiming its all-new X2 at young and young-at-heart customers.The X2 is a sporty variant of t ...
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Suppliers to the new Seat Ateca
Assembly of the all-new Seat Ateca began in April 2016 at parent Volkswagen Group's plant in Kvasiny ...
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Suppliers to the new Porsche 718 Cayman
Assembly of the third-generation Porsche Cayman began in July 2016 at parent Volkswagen Group’ ...
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Suppliers to the new Nissan Micra
Assembly of the fifth-generation Nissan Micra began in December 2016 at alliance partner RenaultR ...
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Suppliers to the new Hyundai i30
Assembly of the third-generation Hyundai i30 began in December 2016 at Hyundai's plant in Nosovice, ...
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Suppliers to the new Opel/Vauxhall Insignia
Assembly of the third-generation Ope/Vauxhall Insignia began in March 2016 at the automaker's plant ...
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Suppliers to the new Ford GT
Assembly of the second-generation Ford GT began in October 2016 at Ford's plant in Markham, Canada. ...
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Suppliers to the new Audi A5
Assembly of the second-generation Audi A5 began in June 2016 at the Volkswagen Group subsidiary's pl ...
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Suppliers to the new Honda Civic
Assembly of the 10th-generation Honda Civic began in July 2016 in at Honda's plant in Swindon, Engla ...
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Suppliers to the new Ford Fiesta
Assembly of the seventh-generation Ford Fiesta began in May 2017 in at Ford's plant in Cologne, Germ ...
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Suppliers to the new Citroen C3
Assembly of the third-generation Citroen C3 began in September 2016 in at PSA's plant in Trnava, Slo ...
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