Expansion

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

Daimler mulls production of Mercedes cars in Russia

April 1, 2014 15:51 CET
Daimler is examining whether to build Mercedes-Benz cars in Russia as it seeks to expand its global production base and overtake German rivals BMW and Audi to become the world's top-selling premium automaker.... Read More »

 

Volvo plans to boost development spending in expansion push

March 21, 2014 16:33 CET
Volvo plans to boost research and development spending this year as the carmaker prepares to roll out the new XC90 SUV in a reset of the brand.... Read More »

 

VW keeps to Russia growth plan as Europe weighs sanctions

March 20, 2014 16:52 CET
Volkswagen CEO Martin Winterkorn says the carmaker will stick with ambitious expansion plans in Russia even as European leaders consider sanctions over the country's seizure of Crimea.... Read More »

 

BMW targets significant profit gain lifted by new models

March 19, 2014 12:43 CET
BMW Group forecasts ''significant'' gains in 2014 profit as new models like the 4-series Gran Coupe and i8 plug-in hybrid sports car propel record deliveries.... Read More »

 

Porsche predicts stable 2014 earnings

March 14, 2014 13:04 CET
Porsche predicts stable earnings in 2014 as the sports car maker invests in U.S. and Chinese operations with a focus on adding distribution outlets in emerging markets.... Read More »

 

PSA to boost Peugeot 308 output on high demand

March 14, 2014 14:27 CET
PSA will increase production of the Peugeot 308 hatchback after receiving 60,000 orders for the new model since its launch in October.... Read More »

 

VW Group targets 10 million sales this year

March 13, 2014 11:50 CET
VW Group may sell more than 10 million vehicles in 2014, four years earlier than planned, as the automaker expands its lineup in a bid to overtake Toyota as No. 1.... Read More »

 

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.... Read More »

 

VW rethinks Skoda and Seat strategy in mass-market struggle

March 6, 2014 10:51 CET
Volkswagen Group is striking out in a new direction to boost the image and appeal of its Skoda and Seat brands, moving Skoda more upmarket while refocusing Seat on Europe after a failed China export strategy.... Read More »

 

VW budget car plan stalls as automaker struggles to meet cost targets

March 4, 2014 21:15 CET
Volkswagen's plan to build a budget car for emerging markets has stalled because the automaker is struggling to meet cost targets for the vehicle.... Read More »

 

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.... Read More »

 

2014 GENEVA AUTO SHOW

McLaren will add pricier sibling to $240,000 12C supercar

Feb. 20, 2014 10:50 CET
McLaren will introduce a fourth supercar, the 650s, as the company seeks to increase pressure on rivals Ferrari and Lamborghini and triple sales in the next few years.... Read More »

 

BMW, SGL to boost carbon-fiber output on i-subbrand success

Feb. 17, 2014 10:58 CET
BMW is building a second production hall at a carbon-fiber factory jointly run with SGL Carbon to respond to growing demand for its i-subbrand models.... Read More »

 

Public retailers scout for U.S. stores

12:01 am U.S. ET | Feb. 17, 2014
Public retailers Group 1 Automotive Inc. and Asbury Automotive Group see opportunities to buy more U.S. dealerships this year and are wasting no time getting started. Group 1 acquired Ford and Hyundai stores in Escondido, Calif., on Jan. 21. The stores are expected to generate $135 million in annual revenues. In early February, Asbury said it bought a Land Rover store in Greenville, S.C., that is expected to add $20 million in annual revenues.... Read More »

 

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.... Read More »

 

Daimler is open to further Renault-Nissan cooperation; projects with Tesla

Jan. 31, 2014 10:23 CET
Daimler is open to broadening its cooperation with partners Renault and Nissan to include other car segments and to new projects with Tesla, CEO Dieter Zetsche said.... Read More »

 

A new look for Lexus dealerships

12:01 am U.S. ET | Jan. 27, 2014
Lexus dealerships have had the same general showroom design since the franchise's 1989 launch.... Read More »

 

Marchionne insists Jeep can hit 1 million sales in 2014

5:14 pm U.S. ET | Jan. 17, 2014
Now that Fiat has almost closed its deal to buy the portion of Chrysler it does not already own, one of the main items on the to-do list of CEO Sergio Marchionne is expanding the global reach of the Jeep brand. And Marchionne, the CEO of both Fiat and Chrysler, wasted little time this week in making a prediction that some analysts regard as bold: Jeep will achieve its goal this year of selling 1 million SUVs around the world.... Read More »

 

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

Jan. 14, 2014 17:55 CET
General Motors announced global sales results that show a narrowing lead over Volkswagen in 2013 as deliveries in China failed to outpace its ambitious German rival.... Read More »

 

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