Global Expansion

Former Chrysler exec, longtime philanthropist Sharf dead at 92

3:50 pm U.S. ET | Sept. 3, 2013
A former master mechanic at Chrysler who ultimately led the automaker's international business development efforts in the 1980s died Aug. 31 in suburban Detroit. Steve Sharf, 92, retired from Chrysler as its executive vice president of its international business development group in 1986.... Read More »

 

GM's first-half global sales rise 4% on U.S., China demand

July 16, 2013 15:12 CET
General Motors global sales rose almost 4 percent in the first six months of the year as strong demand in the United States and China outweighed sliding sales in Europe.... Read More »

 

GM's first-half global sales rise 4% on U.S., China demand

9:12 am U.S. ET | July 16, 2013
General Motors global sales rose almost 4 percent in the first six months of the year as strong demand in the United States and China outweighed sliding sales in Europe, the company said today.... Read More »

 

New Chevrolet executives' mission: Fast results in Europe

July 5, 2013 06:01 CET
Chevrolet's inability to establish a foothold in Europe is the only real blemish on an otherwise sharp, decade-long global expansion for GM's largest brand. GM CEO Dan Akerson is making key strategic moves to change that.... Read More »

 

NEWS ANALYSIS: AKERSON'S PLAY

New Chevy executives' mission: Fast results in Europe

12:01 am U.S. ET | July 1, 2013
Chevy's inability to establish a foothold in Europe is the only real blemish on an otherwise sharp, decadelong global expansion for GM's largest brand. Figuring out the path forward for Chevy Europe is Job 1 for Alan Batey, the first global chief of Chevrolet in its 102-year history. He is a Briton who has worked in Switzerland, the Middle East, Australia and elsewhere.... Read More »

 

Jaguar Land Rover aims for 1 million sales

12:01 am U.S. ET | June 24, 2013
Jaguar Land Rover is targeting global sales of 750,000 units by the end of the decade, with an eventual target of 1 million units, a top executive said last week.... Read More »

 

Spain's CIE and India's Mahindra agree on deal to create major supplier

June 15, 2013 17:56 CET
Spain's CIE Automotive will buy a majority stake in the combined auto component unit of India's Mahindra Group to create a new company that will become one of the top 25 global suppliers, with annual sales of $3 billion and operations from North America to Asia.... Read More »

 

Volvo's global creative account is up for review

12:01 am U.S. ET | June 10, 2013
Volvo, which is controlled by China's Zhejiang Geely Holding Group Co., said it is seeking a global agency that can "focus and strengthen the brand communication worldwide." The incumbent creative shop, Arnold Worldwide, has been invited to defend the business.... Read More »

 

Ford small SUVs going global in bet that growth continues

9:54 pm U.S. ET | May 29, 2013
Ford, which helped spur the SUV boom of the 1990s, is rolling out smaller SUVs to more markets worldwide, betting that growth of recent years will continue.... Read More »

 

STAR POWER

Not satisfied with OnStar's steady profits, GM wants to create a global 4G powerhouse

12:01 am U.S. ET | May 27, 2013
General Motors' OnStar telematics unit has quietly become a profit margin superstar. Analysts peg OnStar's revenues at about $1.5 billion annually, with a margin of 30 to 35 percent. That's about five times the 6.2 percent margin from GM's first-quarter adjusted earnings before interest and taxes in North America. The question for GM now is: Can OnStar be more?... Read More »

 

Acura eyes emerging markets

12:01 am U.S. ET | May 27, 2013
Honda's Acura Division has mostly been a North American entity during its 28 years of existence, but Honda plans to take its upscale brand onto the global stage. Honda has announced plans to introduce Acura in Russia and the Ukraine in 2014 and move into Brazil and the Middle East in 2015. There is now a fledgling Acura sales operation in China that Honda aims to expand.... Read More »

 

In 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 China

May 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 »

 

2013 SHANGHAI AUTO SHOW

Mercedes hits reset on China after sales drive falters

April 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 »

 

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