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Survey: Auto execs plan to increase investments in plants and distribution


More and more auto executives around the world say they are planning to increase investments in plants and distribution networks as fears of overcapacity decline. According to a survey released today by financial advisory company KPMG, auto execs are becoming more optimistic about the market despite economic worries in Europe and the slowing down of growth in China. 64 percent of automotive ...
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More automotive executives articles

Mulally has not told Ford when he will step down
Ford CEO Alan Mulally said he has not told the board when he will step down, although various press reports say he could retire as early as next year. Aged 67, ...
GM appoints Bob Socia as president of its Chinese operations
General Motors has appointed global purchasing chief Bob Socia as president of GM China, where he will replace the retiring Kevin Wale. Wale has been GM China's president since 2005 and ...
Former Chrysler CEO Tom LaSorda appointed Fisker vice chairman
Former Chrysler CEO Tom LaSorda will join Fisker Automotive as vice chairman, the California-based company announced. The carmaker's CEO and founder Henrik Fisker said LaSorda will have a day-to-day executive advisory ...
Auto execs’ optimism for economic recovery is declining, survey says
Optimism for an economic recovery in 2012 in the auto industry is decreasing as executives plan to reduce capital spending and hiring next year because of the uncertainty in Europe. The ...

latest automotive news
Luxury Automakers Plan to Assemble Vehicles in India to Avoid Import Tax
Luxury automakers try to boost sales in India by assembling the vehicles in this country. As automakers have to pay a ...
Luxury Auto Market Growth in China Down 8.34% in the First Quarter
During the first quarter, premium-car market in China has dropped to 8.34%, representing a decline of 80% compared with the ...
Thieves Stole an Audi RS4 Quattro Avant from Bury St Edmunds Audi Dealership
High-tech thieves managed to steal a grey Audi RS4 Quattro Avant estate two days ago, even if the car was ...
Tata Delays Plans of Building Plant in Thailand
As Tata tries to deal with a drop in demand it has decided to postpone the development of the new ...
Audi Surpassed BMW in India Luxury Auto Sales
Audi managed to surpass BMW and become the largest seller of luxury vehicles in India. Over the past years the luxury ...
GM Stock Surpasses 2010 IPO Price
Today, May 17th, GM’s shares surpassed the offering price from the 2010 IPO, which means that the US Treasury will ...
PSA Workers at Aulnay Plant End Four-Month Strike
Peugeot’s workers at the Aulnay plant accepted to end the 4-month strike held for the plant’s closure. The workers will end ...
Jaguar Plans to Upgrade Its Dealerships in the US
Jaguar plans to refurbish its dealerships in the US as it prepares for a wave of new products. The automaker with ...
VW April Sales Up 7%
VW reported sales up 7% to 784,600 vehicles in April, after a drop of 0.2% in March. "Nevertheless, the market environment ...
Volvo April Truck Sales Down 2%
Volvo sales dropped 2% to 16,572 vehicles in April, compared with the same month last year. Sales in Europe dropped 7% ...
Tesla Plans to Repay Energy Department Loan
Tesla plans to raise $1.08 billion to build cash reserves and repay the loan offered by the Energy Department. CEO Elon ...
Michelin Comes With New Agreement for Its French Plants
Michelin plans to implement new rules at its facilities in France, aimed at adjusting capacity and avoiding lay offs, as ...
George Michael Involved in Car Crash in England
Thursday night, May 16th, George Michael was injured in a car crash which took place on the M1 motorway at ...
Sale of the Nurburgring Race Track Began This Week
The bidding for the Nurburgring race track started this week, and the final price is expected to reach about £100 ...
Fiat Does Not Plan to Move Headquarters to the US
Fiat CEO Sergio Marchionne said that the company does not plan to move its headquarters to the US. "This issue, treated ...
Ferrari joins Lotus in tyre tweak criticism
May 17 (GMM/Inautonews.com) Ferrari has joined Lotus in criticising Pirelli's mid-season tyre tweak. Following early-season criticism, culminating in the furore ...
Ram Plans to Boost Heavy-Duty Pickup Sales and Dealerships in the US
Chrysler’s Ram director Bob Hegbloom said that the automaker will boost commercial van and heavy-duty pickup sales to government fleets ...
[VIDEO] Renault Twizy F1 Concept beats two Megane RS in drag race
The brand new Renault Twizy F1 Concept has managed to beat two Megane RS hot hatches in a quarter mile ...