Expansion

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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Bollore eyes Los Angeles in car-sharing expansion

Jan. 29, 2015 11:45 CET

Vincent Bollore is targeting Los Angeles and Singapore as the next markets for his electric-car sharing service after its debuts later this year in London and Indianapolis.The French car-sharing service currently has about 70,000 subscribers in Paris....
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Toyota may lose global sales lead to VW without new China strategy

Jan. 22, 2015 11:11 CET

Toyota remained the best-selling automaker worldwide in 2014 ahead of VW and GM, but the company may lose the sales crown this year as it falls behind in China, where rivals are expanding fast....
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Subaru puts China production effort on hold as car demand wanes

10:42 am U.S. ET | Jan. 19, 2015

Fuji Heavy Industries, the only Japanese automaker without Chinese government approval to start a joint venture, put efforts to build cars on hold in the country, where demand growth is slowing....
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Aston Martin hires former Porsche exec as China boss

Jan. 13, 2015 15:45 CET

Aston Martin has hired former Porsche and BMW executive Michael Mingshan Peng as its new China boss as the UK sports-car maker seeks to boost sales in the country....
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Ferrari spinoff sets up Fiat Chrysler for another deal

Jan. 6, 2015 11:51 CET

Sergio Marchionne may not be finished with deals just yet. After completing the merger of Fiat and Chrysler and announcing a spinoff of Ferrari, the CEO said the industry is still fragmented and ripe for further consolidation....
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Toyota to invest $126M to expand powertrain operations, consolidate vehicle development in Mich.

11:10 am U.S. ET | Dec. 18, 2014

Toyota said today that it will invest $126 million to expand its powertrain operations in Ann Arbor, Mich., and consolidate vehicle development operations at a new facility in nearby York Township, Mich....
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Supplier Brose to invest $97.6M in Detroit area expansion, add 388 jobs

8:21 am U.S. ET | Dec. 17, 2014

Brose North America plans to invest $97.6 million to expand at three locations around Detroit, generating 388 new jobs....
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Bentley raises car sales target to 20,000, report says

Dec. 15, 2014 10:12 CET

Bentley is targeting 20,000 annual deliveries by 2020, double its 2013 sales, boosted by new models such as its first SUV, a report said....
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Chrysler poised to invest $266M to expand 8-speed transmission production

11:35 am U.S. ET | Dec. 9, 2014

Chrysler Group plans to invest $266 million into its massive Kokomo Transmission complex in Indiana to expand production of its eight-speed rear-wheel-drive transmission. On Monday night, elected officials in Kokomo unanimously approved a request by Chrysler for a 10-year tax abatement for the project, local media reported....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Faurecia expects to gain from megasupplier trend

Dec. 9, 2014 06:01 CET

Faurecia CEO Yann Delabriere expects the trend toward consolidation of the Tier 1 supplier base will continue, supported by two major industry drivers: globalization and technology....
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Fiat Chrysler launches $2.5 billion bond, share offer

Dec. 5, 2014 10:45 CET

Fiat Chrysler says it has launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan....
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VW will give more power to brands, regions

Dec. 4, 2014 09:21 CET

VW Group will give more power to brand managers and regional bosses, its labor leader said, as the company looks to address poor performance in markets such as the U.S. and Brazil....
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BMW, Audi lead shift from mass-market to luxury car output in Mexico

Nov. 25, 2014 11:40 CET

Mexico's relationship with German car production began nearly 50 years ago with output of VW's mass-market Beetle. Now it's becoming a place where luxury BMW, Audi and Mercedes cars roll out of billion-dollar factories....
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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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Gestamp expects China to be its No. 3 market by 2015

Nov. 21, 2014 06:01 CET

Gestamp, a Spanish supplier of metal auto parts, predicts that by 2015 China will become its third-largest market worldwide, after Germany and Spain....
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Renault gets boost from ratings agency

Nov. 12, 2014 11:47 CET

Renault's debt was raised to investment grade by Fitch Ratings, which said the carmaker's Dacia brand and its expanding sales outside Europe are improving profitability. The agency also increased Renault's credit rating by one level....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Lotus boss will add dealers, cut costs to return struggling brand to profit

Nov. 6, 2014 06:01 CET

New Lotus CEO Jean-Marc Gales has launched a cost-cutting plan at the money-losing automaker that will include axing over a quarter of employees. The former No. 2 at PSA says his next task is to add more dealers....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Volvo CEO predicts positive 2015 in Europe, U.S.

Nov. 4, 2014 06:30 CET

Volvo CEO Hakan Samuelsson has helped turn around the Swedish automaker, which is now growing at a faster rate than BMW, Audi and Mercedes in Europe and China. The chief executive shared Volvo's future plans with Automotive News Europe....
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CHRISTIAAN HETZNER

BLOG: Dissecting Daimler's motorcycle deal

12:53 pm U.S. ET | Oct. 31, 2014

Daimler's purchase of a stake in motorbike brand MV Agusta is nothing like Audi's purchase of Ducati....
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Detroit Manufacturing Systems to hire 200 workers to support new F-150

3:25 pm U.S. ET | Oct. 30, 2014

Detroit Manufacturing Systems LLC plans to hire 200 assembly workers by January 2015 to support production growth of the Ford F-150 truck....
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Porsche's pain helps create in-demand consultancy

Oct. 25, 2014 06:01 CET

Porsche's experience of recovering from the brink of insolvency two decades ago to become a profit engine for VW Group has helped it with the development of a consultancy business that has a growing list of high-profile clients....
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Ford will invest 240 million euros in UK on cleaner diesels

Oct. 20, 2014 11:31 CET

Ford will invest a further 240 million euros (190 million pounds) in its factory in Dagenham, southern England, as part of a new diesel engine program. Ford will start producing low-carbon 2.0-liter diesels at the factory late next year....
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Automotive News
Special Video Report
Nissan's Munoz: 'You Grow or You Go'

Nissan's Munoz: 'You Grow or You Go'

Nissan North America Chairman Jose Munoz has a tough goal to meet: Raise the combined U.S. market share of the Nissan and Infiniti brands from 8.4 percent last year to 10 percent by March of 2017.
» Watch the Video
     
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