ExpansionIn boost to GM and VW, China resumes incentives for foreign auto investment 12:01 am U.S. ET | May 17, 2013  A surprise policy shift in China is expected to give a boost to GM, Volkswagen Group and other foreign automakers planning to expand in the world's largest car market.... Read More »
VW, GM, others get unexpected boost in ChinaMay 17, 2013 06:01 CET  A surprise policy shift in China is expected to give a boost to VW Group, GM and other foreign automakers planning to expand in the world's largest car market.... Read More »
Audi's new Mexico SUV plant aimed at unseating BMWMay 3, 2013 06:01 CET  Audi executives plan to break ground on a $1.3 billion factory in Mexico with a capacity of some 150,000 cars a year. The plant will be instrumental in Audi's push to topple BMW as the world's No. 1-selling premium automaker.... Read More »
VW eyes China growth to ease pain in EuropeApril 30, 2013 06:01 CET  Volkswagen expects sales in China this year to outpace total sales volume in the market, which the carmaker believes will increase 6 percent to 8 percent. In Europe, the automaker remained resilient to a recession in its home region as high-end sales from its newly-intergrated Porsche unit help offset a drop in deliveries at the carmaker's core mass-market brand.... Read More »
Daimler plans 300 million euro expansion in RomaniaApril 24, 2013 15:08 CET  Daimler will invest more than 300 million euros to build a factory in Romania to assemble transmissions for its Mercedes-Benz brand after reaching full capacity at its main powertrain plant near Stuttgart.... Read More »
2013 SHANGHAI AUTO SHOW Mercedes hits reset on China after sales drive faltersApril 22, 2013 08:34 CET  Mercedes is accelerating its dealer expansion in China, streamlining sales and bringing out a number of new or revamped models in a bid to to fix past mistakes in the market that have contributed to a growing gap with premium rivals BMW and Audi.... Read More »
VW will expand China lineup 29% in sales pushApril 19, 2013 11:04 CET  Volkswagen plans to expand its lineup by 29 percent in China to offer 90 cars, SUVs, vans and heavy trucks in the country. China is a key market for VW in its drive to take the industry's global top spot in five years.... Read More »
VW, BMW, Daimler plan $25 billion hedge by building more autos abroadApril 16, 2013 08:34 CET  Volkswagen and its German peers are planning to spend more than $25 billion by 2017 to expand production outside their home region and insulate themselves from currency convulsions.... Read More »
GM to invest $332 million in 4 U.S. sitesApril 5, 2013 06:01 CET  GM said it will invest about $332 million in four U.S. manufacturing sites to produce more fuel-efficient engines and transmission systems.... Read More »
GM to invest $332 million in four sites to build fuel-efficient engines 7:36 am U.S. ET | April 4, 2013  General Motors said it will invest about $332 million in four manufacturing sites to produce more fuel-efficient engines and transmission systems.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Toyota targets growth in EuropeApril 4, 2013 06:01 CET  Since he was appointed Toyota Europe CEO in 2010 French engineer Didier Leroy led the automaker's operations in the region back to its first profit since 2007 for the fiscal year that ended March 31. Despite the European market slump, Leroy expects Toyota to increase vehicle sales and remain profitable this year, thanks to a renewed compact car lineup and an expansion of hybrid offerings.... Read More »
SUPPLIERS Faurecia wins approval to build new NA headquartersApril 3, 2013 06:01 CET  Faurecia North America Inc. has received final approval to build a three-story, 278,000-square-foot North American headquarters in suburban Detroit that will house the company's administration and a technical center for its automotive seating and exteriors units.... Read More »
COMPANY EARNINGS BMW forecasts flat 2013 profit on Europe declineMarch 19, 2013 11:34 CET  BMW forecast unchanged 2013 pretax profit as European auto sales drop and the automaker increases spending to bring out 25 new models in the next two years. Pretax profit climbed 6 percent to 7.82 billion euros ($10.1 billion) in 2012.... Read More »
Volvo said to win China approval to begin local car productionMarch 19, 2013 07:04 CET  Volvo is said to have won the approval of China's main industry planner to begin making vehicles in the country. The automaker, which is owned by China's Geely, has set itself the target of boosting local sales to 200,000 by 2020 from 41,989 last year.... Read More »
VW profit lead over Toyota under threat as demand wobbles 12:01 am U.S. ET | March 18, 2013  VW CEO Martin Winterkorn achieved the company's goal of surpassing rivals GM and Toyota in profit in 2012 but this year's race will be tighter as Toyota bounces back.... Read More »
VW profit lead over Toyota under threat as demand wobblesMarch 18, 2013 06:01 CET  VW CEO Martin Winterkorn achieved the company's goal of surpassing rivals GM and Toyota in profit in 2012 but this year's race will be tighter as Toyota bounces back.... Read More »
Porsche hopes to match last year's 2.4 billion euro profit in 2013March 15, 2013 11:34 CET  Porsche is aiming to match last year's profit in 2013, the company said on Friday. In 2012 Porsche posted an operating profit of 2.44 billion euros ($3.17 billion). Porsche said net debt dropped to 1.87 billion euros at the end of December from 2.58 billion at the end of 2011.... Read More »
Zetsche defends his strategy, job with CLA unveilingMarch 4, 2013 12:29 CET  Embattled Daimler boss Dieter Zetsche will this week defend his strategy -- and his job -- by unveiling a new Mercedes model which is part of a compact vehicle lineup, seen as key to the premium carmaker's turnaround.... Read More »
Volvo promotes China manufacturing head Danielson to regional chiefMarch 1, 2013 12:21 CET  Volvo has promoted China manufacturing boss Lars Danielson to its top job in the key market, where the automaker plans a major sales push this decade.... Read More »
Mazda bets on CX-5 to lead growth in EuropeFeb. 28, 2013 06:01 CET  Mazda plans to grow in Europe as it bets on the success of the CX-5 compact crossover and the new Mazda6 mid-sized sedan and wagon to help it defy a stagnant market where most other volume brands are being hit by declining sales. Mazda Europe CEO Jeff Guyton told Automotive News Europe how he plans to lead the Japanese automaker's growth in the region.... Read More »
Geely to invest 116 million euros in cab makerFeb. 26, 2013 10:34 CET  Zhejiang Geely will invest 100 million pounds (115.8 million euros) in London black cab maker Manganese Bronze in the next five years as part of plans to make the company profitable.... Read More »
GM South Korean unit to spend $7.3 billion to expand 7:29 am U.S. ET | Feb. 22, 2013  GM's South Korean unit plans to invest 8 trillion won ($7.3 billion) over five years to expand in a country where it made four of every 10 Chevrolets sold worldwide last year.... Read More »
M&A outlook for global auto industry weakens, survey says 10:31 am U.S. ET | Feb. 3, 2013 Due to a lack of confidence in the global business environment, the percentage of automotive companies planning to pursue acquisitions within a year fell to 19 percent, according to an Ernst & Young survey.... Read More »
VW mulls new growth goal as it nears 2018 targetJan. 31, 2013 18:10 CET  Volkswagen's top managers are drawing up new expansion goals stretching as far as nine years ahead as steady volume gains have already propelled the automaker within reach of its current sales target for 2018.... Read More »
GM to invest $200 million at its powertrain headquarters 2:41 pm U.S. ET | Jan. 30, 2013  GM is investing $200 million in its global powertrain center in suburban Detroit, part of a plan to consolidate work done elsewhere and accelerate development of new engine technologies.... Read More »
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 Ford's Hinrichs: 'We've learned lessons from the last few years'Ford's new Americas boss Joe Hinrichs says the hobbled launch of the Lincoln MKZ has been his biggest... Mon., May 13» Watch the Video |
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