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Fiat may need to close at least two plants in Europe, analysts say


To limit losses in Europe as its market share falls, Fiat aims to transform underused plants into export hubs for more expensive vehicles from Jeep, Alfa Romeo and Maserati. Still, the carmaker's plan faces obstacles including labor costs that are 14 percent higher than in the U.S. and the strenght of the euro, which is not good for exports. According to ...
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Volvo gets $1.2 billion loan from China Development Bank
Volvo Car Corporation will receive a €922 million ($1.2 billion) loan from China Development Bank to repay its debt, the Swedish carmaker announced on Thursday. The Chinese-owned carmaker hopes for more ...
Report: Fiat to start investment in Italy even if PM Mario Monti resigns
Fiat CEO Sergio Marchionne may start a new investment plan for Italy as soon as next week in the southern town of Melfi, three people familiar with the matter told ...
Volkswagen shortens investment plan due to economic uncertainty in Europe
Volkswagen Group will invest 50.2 billion euros ($62.3 billion) in its automotive division within the next three years in order to accelerate growth. The company's three-year investment strategy from 2013 to ...
VW Expected to Increase Its Investment Target
Analysts expect VW to raise its planned investment by 12% to 70 billion euro until 2017. Today VW's 20-member supervisory board will decide on the automaker’s spending targets for 2013-2017, including ...
BMW Will Invest 200 Million Euro in Brazil
BMW announced it will invest 200 million euro in its Brazilian plant, to increase sales in the fast-growing luxury auto market. The plant will be situated in Santa Catarina and will ...
Slow Demand Makes Pirelli Trim Full-Year Target
Due to a general slowdown in demand, Pirelli has cut its investment plan and full-year sales target. After the company reported first quarter profit higher than expectations, it now declared that ...

latest automotive news
India slams F1 race demise rumours
Jun.19 (GMM/Inautonews.com) The promoter of the Indian grand prix on Wednesday slammed rumours the race may fall off the ...
Lauda didn’t know about secret tyre test – report
Jun.19 (GMM/Inautonews.com) Niki Lauda only knew about Mercedes' secret tyre test at Barcelona in May once "the wheels were ...
GM Breaks Ground of New Cadillac Plant in China
Today, June 19th, GM broke ground to a new Cadillac plant in China, targeting luxury buyers in the region. Although luxury ...
Jaguar Land Rover Sets Goal of 1M Sales by the End of Decade
Jaguar Land Rover plans to reach global sales of 750,000 units and even 1 million units until the end of ...
Lotus’ new co-owners won’t ‘sit idly’ – report
Jun.19 (GMM/Inautonews.com) Lotus' new team co-owner has lurched into formula one with bravado, claiming the Enstone based team will ...
PSA Peugeot Citroen Might Build Vehicles in Belarus
Dmitry Klevzhits, Director of the National Agency of Investment and Privatization (NAIP) of Belarus, said that PSA Peugeot Citroen might ...
Dacia Launches the Lodgy Minivan in Denmark
Dacia has introduced the Lodgy minivan in Denmark, the latest market in western Europe for the brand. Earlier this year Dacia ...
Ford Plans to Double Engine Production in the Chinese Market
Ford plans to double engine production in the Chinese market, according to CEO Alan Mulally. Ford will manufacture 750,000 engines annually ...
GM Will Not Make Further Investments in Peugeot
GM recently announced it does not plan to make further investments in its struggling partner PSA Peugeot Citroen. "We don't have ...
Recall roundup: Tesla Model S
Tesla has recently announced a recall for a number of Model S sedans, because of a potential problem with a ...
[VIDEO] Aston Martin Vanquish Volante gets first video presentation
The British based automaker Aston Martin has recently released the first video presentation with the brand new Vanquish Volante. After it ...
Spied: RHD Ford Focus facelift
The facelift version of the Ford Focus has been recently spotted testing, in right-hand drive, on a mountain road, with ...
India: Lamborghini Gallardo India Limited Edition launched
Lamborghini has recently announced the official launch of the Gallardo LP550-2 India Limited Edition in the country with the same ...
Spied: Citroen C4 Grand Picasso replacement
The French based automaker Citroen has recently tested the replacement for the C4 Grand Picasso and the model has been ...
2014 BMW M6 Gran Coupe gets priced in the U.S.
BMW has recently announced the official starting price of the 2014 M6 Gran Coupe in the United States, where the ...
Chrysler recalls 2.7 million Jeeps
The North American based automotive giant, Chrysler Group LLC, has recently announced a recall for 2.7 million Jeep vehicles, because ...
2014 Toyota Yaris gets priced in the U.S.
Toyota has recently announced the official starting price of the 2014 Yaris in the United States, where the model will ...
Recall roundup: Jeep vehicles in Australia
The North American based automaker Jeep has recently announced a recall for some Jeep models in Australia, because of some ...