Expansion

Daimler labor chief queries pace of U.S. expansion

Feb. 25, 2015 10:54 CET
Daimler's plans to expand production in the United States should be recalibrated if the euro remains weak against the dollar, the automaker's top labor chief, Michael Brecht, said....
Read More »

 

Porsche dealers eager to upgrade

12:01 am U.S. ET | Feb. 23, 2015
About 150 of the 189 U.S. Porsche dealerships are renovating or expanding as the brand's sales have soared. Porsche Cars North America wants additional showroom and service space from dealers to accommodate the growing number of nameplates in its lineup and the additional vehicles on the road....
Read More »

 

Is Acura too American to compete globally?

12:01 am U.S. ET | Feb. 21, 2015
"Acura is an American brand," said Honda's outgoing r&d chief. But if Acura doesn't evolve into a global brand, he says, the marque's business model is going to "get tough."...
Read More »

 

The numbers tell the story: Toyota's back

12:01 am U.S. ET | Feb. 16, 2015
Some questioned whether Toyota could re-create its glory days after the one-two punch of unintended acceleration and earthquake/tsunami in the early part of this decade. Of course, it has....
Read More »

 

Daimler targets at least 10% sales growth in China this year

Feb. 10, 2015 13:27 CET
Daimler will boost local production of Mercedes vehicles in China and continue its dealer network expansion as it targets sales growth of at least 10 percent this year, the company's China chief, Hubertus Troska, said....
Read More »

 

Global sales will hit 88.6 million in 2015, pushed by U.S. and China, IHS predicts

6:33 am U.S. ET | Feb. 2, 2015
Global automotive sales for 2015 could hit 88.6 million vehicles, a 2.4 percent increase from 2014 that would continue a five-year growth streak, IHS Automotive said today....
Read More »

 

Renault will increase dealer rebates in China

Jan. 30, 2015 11:32 CET
Renault will give its China dealers more rebates and moderate sales targets as demand cools. Sales growth of passenger vehicles in China will probably slow to 8 percent this year from 10 percent in 2014, according to an industry association....
Read More »

 

Bollore eyes Los Angeles in car-sharing expansion

Jan. 29, 2015 11:45 CET
Vincent Bollore is targeting Los Angeles and Singapore as the next markets for his electric-car sharing service after its debuts later this year in London and Indianapolis.The French car-sharing service currently has about 70,000 subscribers in Paris....
Read More »

 

Toyota may lose global sales lead to VW without new China strategy

Jan. 22, 2015 11:11 CET
Toyota remained the best-selling automaker worldwide in 2014 ahead of VW and GM, but the company may lose the sales crown this year as it falls behind in China, where rivals are expanding fast....
Read More »

 

Subaru puts China production effort on hold as car demand wanes

10:42 am U.S. ET | Jan. 19, 2015
Fuji Heavy Industries, the only Japanese automaker without Chinese government approval to start a joint venture, put efforts to build cars on hold in the country, where demand growth is slowing....
Read More »

 

Aston Martin hires former Porsche exec as China boss

Jan. 13, 2015 15:45 CET
Aston Martin has hired former Porsche and BMW executive Michael Mingshan Peng as its new China boss as the UK sports-car maker seeks to boost sales in the country....
Read More »

 

Ferrari spinoff sets up Fiat Chrysler for another deal

Jan. 6, 2015 11:51 CET
Sergio Marchionne may not be finished with deals just yet. After completing the merger of Fiat and Chrysler and announcing a spinoff of Ferrari, the CEO said the industry is still fragmented and ripe for further consolidation....
Read More »

 

Toyota to invest $126M to expand powertrain operations, consolidate vehicle development in Mich.

11:10 am U.S. ET | Dec. 18, 2014
Toyota said today that it will invest $126 million to expand its powertrain operations in Ann Arbor, Mich., and consolidate vehicle development operations at a new facility in nearby York Township, Mich....
Read More »

 

Supplier Brose to invest $97.6M in Detroit area expansion, add 388 jobs

8:21 am U.S. ET | Dec. 17, 2014
Brose North America plans to invest $97.6 million to expand at three locations around Detroit, generating 388 new jobs....
Read More »

 

Bentley raises car sales target to 20,000, report says

Dec. 15, 2014 10:12 CET
Bentley is targeting 20,000 annual deliveries by 2020, double its 2013 sales, boosted by new models such as its first SUV, a report said....
Read More »

 

Chrysler poised to invest $266M to expand 8-speed transmission production

11:35 am U.S. ET | Dec. 9, 2014
Chrysler Group plans to invest $266 million into its massive Kokomo Transmission complex in Indiana to expand production of its eight-speed rear-wheel-drive transmission. On Monday night, elected officials in Kokomo unanimously approved a request by Chrysler for a 10-year tax abatement for the project, local media reported....
Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Faurecia expects to gain from megasupplier trend

Dec. 9, 2014 06:01 CET
Faurecia CEO Yann Delabriere expects the trend toward consolidation of the Tier 1 supplier base will continue, supported by two major industry drivers: globalization and technology....
Read More »

 

Fiat Chrysler launches $2.5 billion bond, share offer

Dec. 5, 2014 10:45 CET
Fiat Chrysler says it has launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan....
Read More »

 

VW will give more power to brands, regions

Dec. 4, 2014 09:21 CET
VW Group will give more power to brand managers and regional bosses, its labor leader said, as the company looks to address poor performance in markets such as the U.S. and Brazil....
Read More »

 

BMW, Audi lead shift from mass-market to luxury car output in Mexico

Nov. 25, 2014 11:40 CET
Mexico's relationship with German car production began nearly 50 years ago with output of VW's mass-market Beetle. Now it's becoming a place where luxury BMW, Audi and Mercedes cars roll out of billion-dollar factories....
Read More »

 

VW will invest 86 billion euros chasing Toyota

Nov. 21, 2014 12:57 CET
Volkswagen will invest 85.6 billion euros ($106 billion) over the next five years on new vehicles, technology and factories as it tries to pass Toyota and become the world's largest automaker....
Read More »

 

Gestamp expects China to be its No. 3 market by 2015

Nov. 21, 2014 06:01 CET
Gestamp, a Spanish supplier of metal auto parts, predicts that by 2015 China will become its third-largest market worldwide, after Germany and Spain....
Read More »

 

Renault gets boost from ratings agency

Nov. 12, 2014 11:47 CET
Renault's debt was raised to investment grade by Fitch Ratings, which said the carmaker's Dacia brand and its expanding sales outside Europe are improving profitability. The agency also increased Renault's credit rating by one level....
Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Lotus boss will add dealers, cut costs to return struggling brand to profit

Nov. 6, 2014 06:01 CET
New Lotus CEO Jean-Marc Gales has launched a cost-cutting plan at the money-losing automaker that will include axing over a quarter of employees. The former No. 2 at PSA says his next task is to add more dealers....
Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Volvo CEO predicts positive 2015 in Europe, U.S.

Nov. 4, 2014 06:30 CET
Volvo CEO Hakan Samuelsson has helped turn around the Swedish automaker, which is now growing at a faster rate than BMW, Audi and Mercedes in Europe and China. The chief executive shared Volvo's future plans with Automotive News Europe....
Read More »

 

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
News by Brand