Global Expansion

A VULNERABLE GIANT

Volkswagen's soaring growth under Piech masks troubles

12:01 am U.S. ET | July 14, 2014
During his two-decade reign, Volkswagen Group Chairman Ferdinand Piech has created an automotive giant with broad geographic reach. But industry analysts say the No. 3 global automaker may be too vast and fractured to stay cohesive after Piech's departure....
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Porsche will increase work force 24% in global expansion

July 1, 2014 15:43 CET
Porsche will increase its headcount by about 5,000 to underpin its global growth ambitions. The new jobs will be created in model development, production, sales and servicing, Porsche said....
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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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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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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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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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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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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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