Expansion

Denso plans to expand U.S. headquarters, operations

12:20 pm U.S. ET | Jan. 14, 2014
Denso International America said it is expanding its North American headquarters in suburban Detroit. The supplier purchased a 81,000-square-foot building next to its current campus in Southfield, Mich.... Read More »

 

GM’s 2013 global sales rise 4.5% for narrow lead over VW

11:55 am U.S. ET | Jan. 14, 2014
General Motors announced global sales results that show a narrowing lead over Volkswagen AG in 2013 as deliveries in China failed to outpace its ambitious German rival.... Read More »

 

Jaguar Land Rover posts 19% gain in global sales

3:48 pm U.S. ET | Jan. 12, 2014
Jaguar Land Rover notched its best full year global sales performance in 2013, selling 425,006 units, a 19 percent gain over 2012, the company said Sunday.... Read More »

 

Global auto sales forecast rosy, with reservations, for 2014

3:19 pm U.S. ET | Jan. 12, 2014
Automakers are upbeat about global auto sales this year despite fears of a slowdown in the United States, which generates big profits and where sales have surged 50 percent since the recession.... Read More »

 

COMING MONDAY

Tesla faces toughest challenge yet to meet expansion goals

12:01 am U.S. ET | Jan. 11, 2014
Tesla Motors, on a roll this past year with its highly praised Model S electric vehicle, faces its hardest challenge is yet to come: achieving CEO Elon Musk's bold goal of increasing the company's estimated 2013 volume of 20,000 units to 250,000 in the United States -- and to 500,000 globally -- by the end of the decade.... Read More »

 

Hyundai-Kia forecast slowest sales growth in 8 years

10:02 pm U.S. ET | Jan. 1, 2014
Hyundai Motor and affiliate Kia Motors forecast their weakest sales growth in eight years as competition intensifies and the stronger won hampers exports.... Read More »

 

Audi will increase spending on new models, plants to catch BMW, report says

Dec. 18, 2013 15:56 CET
Audi will increase spending on new models, plants and technology in coming years as the carmaker steps up efforts to catch BMW, sources said.... Read More »

 

Plastic Omnium opens China technical center

Dec. 13, 2013 09:39 CET
French supplier Plastic Omnium opened a technology center for its exterior parts division this month near Shanghai to support business growth in China.... Read More »

 

Ford plans to add thousands of jobs, 3 plants and 23 vehicles

3:00 pm U.S. ET | Dec. 12, 2013
A confident Ford Motor said today that it plans to add 5,000 jobs in the United States in 2014, open two plants in Asia Pacific and one in South America, and launch 23 vehicles globally.... Read More »

 

BMW said to mull first engine plant in U.S. or Mexico

Dec. 11, 2013 12:04 CET
BMW is said to mull building engines in the United States or Mexico for the first time and expanding vehicle production in the region to capitalize on growing demand.... Read More »

 

Lexus predicts record global sales

Nov. 29, 2013 06:01 CET
Despite its poor performance in Europe, Lexus will set a global sales record of more than 520,000 units this year. Mark Templin, executive VP of Lexus International, said that worldwide sales would "finish on the north side of 520,000," edging Lexus' high of 518,300 units in 2007.... Read More »

 

Lexus expects record global sales

12:01 am U.S. ET | Nov. 25, 2013
Lexus will set a global sales record of more than 520,000 units this year, a top executive said. Mark Templin, executive vice president of Lexus International, said last week that worldwide sales would "finish on the north side of 520,000," edging Lexus' high of 518,300 units in 2007.... Read More »

 

Daimler takes 12% stake in BAIC Motor

Nov. 19, 2013 10:56 CET
Daimler today completed its purchase of a 12 percent stake in BAIC Motor. Daimler will pay 625 million euros ($845 million) for its share in the Chinese automaker.... Read More »

 

Mitsubishi counts on SUVs, EVs for sales rebound

Nov. 6, 2013 07:29 CET
Mitsubishi will focus on SUVs, EVs and emerging markets under a new business plan that aims to boost global sales by 29 percent. In its European markets, Mitsubishi aims to lift vehicle sales by a third to 160,000.... Read More »

 

Strong U.S. sales boost Honda profits

12:01 am U.S. ET | Nov. 4, 2013
Honda Motor Co.'s second-quarter net income rose 46 percent, bolstered by strong U.S. sales.... Read More »

 

VW's rise to global No. 1 remains elusive as U.S. sales disappoint

Oct. 31, 2013 06:34 CET
Two years after VW began its latest push to become a major contender in the U.S. car market, local automakers are hitting back hard, hampering VW's bid to be the world's best-selling carmaker.... Read More »

 

Continental to concentrate more on growth opportunities outside Europe

Oct. 23, 2013 15:40 CET
Continental is banking on growth outside Europe to help offset continued weakness in the region and is investing in adding tire production capacity in fast-growing markets.... Read More »

 

Global carmakers need to look beyond 'BRICs' for growth, study says

12:28 pm U.S. ET | Oct. 22, 2013
Global automakers must look beyond China, India, Russia and Brazil to other clusters of emerging countries if they want to get their share of growth worldwide, a consulting firm said today.... Read More »

 

Global carmakers need to look beyond BRICs for growth, study says

Oct. 22, 2013 18:28 CET
Global automakers must look beyond China, India, Russia and Brazil to other clusters of emerging countries if they want to get their share of growth worldwide, a consulting firm said.... Read More »

 

German, Japanese carmakers drive Mexican auto-industry expansion

Oct. 21, 2013 13:36 CET
The Mexican auto industry is about to go on a $10 billion factory-building spree, spearheaded by German and Japanese automakers.... Read More »

 

Daimler will increase Mercedes output in South Africa despite labor unrest

Oct. 17, 2013 12:15 CET
Daimler will invest in South Africa to boost output of the Mercedes C class, despite recent auto industry strikes that cost carmakers an estimated $2 billion.... Read More »

 

BMW considers boosting EV production on strong early demand for i3

Oct. 15, 2013 06:01 CET
BMW is considering a production increase for the i3 electric car after early demand for the model exceeded the automaker's expectations.... Read More »

 

BMW mulls boosting EV production on strong early demand for i3

12:01 am U.S. ET | Oct. 15, 2013
BMW is considering a production increase for the i3 electric car after early demand for the model exceeded the automaker's expectations.... Read More »

 

Porsche aims to enter 15 new countries by 2020

Oct. 14, 2013 06:01 CET
Porsche is looking to enter 15 new countries by the end of the decade, mainly in Africa, as it seeks to boost growth in developing markets.... Read More »

 

Renault expands Morocco plant to meet strong Dacia demand in Europe

Oct. 9, 2013 11:54 CET
Renault is expanding Dacia production at its plant in Tangier, Morocco, to help meet strong demand in Europe for the Sandero, the carmaker's top-selling model in the region.... Read More »

 

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