Expansion

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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Supplier Toyoda Gosei to expand N.A. headquarters

1:32 pm U.S. ET | June 10, 2014
Toyota-affiliated supplier Toyoda Gosei plans to expand its North American headquarters in suburban Detroit, investing about $8 million and adding about 50 jobs....
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Seat brand will build SUV at Skoda factory, CEO says

June 6, 2014 10:48 CET
Seat's SUV will be built at a plant run by sister brand Skoda, the Spanish unit's CEO, Jurgen Stackmann, said....
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Renault starts assembly of Fluence in Malaysia

May 25, 2014 06:01 CET
Renault is stepping up efforts to grow market share in Southeast Asia by starting local assembly of the Fluence compact sedan in Malaysia....
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BMW may build Minis in Mexico, report says

May 15, 2014 12:12 CET
BMW Group may build Minis alongside BMW 3-series and 1-series cars at a new plant in Mexico, a German newspaper reported....
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BMW sees 2014 as year of growth opportunities for auto industry

May 15, 2014 11:42 CET
BMW Group expects global demand for cars to rise this year, underpinning its goal to sell a record number of vehicles in 2014....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Premium SUVs poised for sales surge after disappointing 2013

May 14, 2014 06:01 CET
European sales of premium SUVs are expected to surge as the market heads toward 1 million units by 2020, analysts predict. The sector has expanded as key players such as BMW, Audi and Mercedes-Benz have all launched smaller models....
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Fiat Chrysler will be OK if it misses lofty targets, Marchionne says

May 14, 2014 10:31 CET
Fiat Chrysler CEO Sergio Marchionne said the company will be much stronger than it is today at the end of his plan to sell 7 million cars by 2018, even if it misses the targets he set last week....
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VW CEO Winterkorn pledges growth in U.S., Brazil

May 13, 2014 12:24 CET
Volkswagen CEO Martin Winterkorn said the automaker will redouble efforts to boost flagging sales in the United States as well as grow in Brazil as VW chases Toyota's global sales lead....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Stadler confident Audi will keep lead over Mercedes despite product trough

May 12, 2014 06:01 CET
Audi CEO Rupert Stadler is confident that his automaker will remain the world's second-largest premium brand after BMW this year despite a product trough and a big challenge from fast-growing Mercedes....
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Car parts boom brings hope to Bulgaria

May 10, 2014 06:01 CET
Bulgaria, the EU's poorest member, is capitalizing on factors including its location, its low taxes and reduced labor costs to attract auto suppliers....
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Fiat targets doubling profit by 2018 on upscale models

May 7, 2014 06:01 CET
Fiat Chrysler plans to transform Alfa Romeo, Maserati and Jeep into global brands and more than double profit in the next five years. CEO Sergio Marchionne's goals also include boosting yearly deliveries for the group to 7 million in 2018....
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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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FIAT CHRYSLER 5-YEAR PLAN

Fiat focuses on profit in Europe

May 6, 2014 17:05 CET
Fiat aims to boost sales in its Europe, Africa and Middle East region by 27 percent to 1.5 million vehicles in 2018, but sees little growth for its core Fiat brand as it focuses on a return to profit....
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FIAT CHRYSLER 5-YEAR PLAN

Fiat Chrysler will 'write a completely new book,' Marchionne says

May 6, 2014 08:13 CET
Fiat Chrysler CEO Sergio Marchionne today said the company will move forward as a single global automaker....
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Conti can afford another big acquisition, CFO says

May 6, 2014 12:49 CET
Partsmaker Continental would be able to fund another multi-billion-euro acquisition in the next 18 months to spur growth, its finance chief said today....
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BMW Group Q1 profit rises 3% on SUVs

May 6, 2014 10:42 CET
BMW Group reported a 3 percent rise in first-quarter profit as increasing demand for its SUVs helped offset spending on expansion. Revenue gained 4 percent to 18.2 billion euros....
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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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Fiat reaches deal to start making Jeeps in China in 2015

April 19, 2014 18:29 CET
Fiat plans to begin making Jeeps in China, the brand's second-largest market, by late 2015 after reaching an agreement with local partner Guangzhou Automobile. Fiat will produce three new Jeep vehicles in the southern city of Guangzhou....
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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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Eberspaecher to launch $122 million expansion, create 545 jobs in Michigan

4:12 pm U.S. ET | April 9, 2014
Automotive exhaust and HVAC supplier Eberspaecher North America is investing $122 million to expand operations in Michigan. The five-year expansion plan, beginning in late 2014, is expected to create 545 new jobs to accommodate its growth, the German auto supplier said in an announcement today....
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Daimler expands Romania transmission plant to meet car demand

April 4, 2014 16:18 CET
Daimler is expanding its transmission plant in Sebes, Romania, as the manufacturer ramps up component supply to meet rising demand for Mercedes-Benz cars....
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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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Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, Ray and Rik Fregia are seeing sales boom after million-dollar overhauls at their three stores. Mon., September 15
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