Post Tagged with: "investments"

Read By

Europe: VW executive says automakers returning from China

Europe: VW executive says automakers returning from China

Carmakers are coming back to Europe and increasing production on the Old Continent as China, the world’s largest single auto market, starts lowering the cost advantage as the economy weakens. The weakness seen in China would prove a great opportunity for central European countries to attract new investments even as […]

Russia: all automakers loose, none is leaving

Russia: all automakers loose, none is leaving

The country’s shrinking economy, deep currency troubles and political tensions surrounding the situation in Ukraine have led to a deep auto sales slump. And global automakers are the ones taking the hardest hit, with imports crippled by the ruble’s fall of nearly 50% to the dollar, but they also look […]

Ford in doubt about South African investments

Ford in doubt about South African investments

According to Jeff Nemeth, Ford’s regional chief in the country, the company is considering whether to further invest in its South African business as the local operations are disrupted repeatedly because of worker strikes. Overall, during recent years, the South African auto industry has been plagued by numerous production stoppages, […]

Report – Audi planning on cost reduction plan hike

Report – Audi planning on cost reduction plan hike

According to sources that have knowledge of the company’s plans, Audi wants to offset increased technology spending with a cost reduction strategy that would see savings of up to 2 billion euros ($2.5 billion) annually. Just a hair behind BMW in recent months, Audi is the world’s second-biggest premium automaker […]

Czech auto industry buoyed by foreign investments

Czech auto industry buoyed by foreign investments

Outside capital has transformed the Central European country into Europe’s fifth-largest auto producer, building close to twice as many vehicles as Italy in 2013. The country’s only champion back in the days was Skoda Auto, but the national producer has long been acquired by the Volkswagen Group, taking full control […]

Automakers to continue investments in Russia

Automakers to continue investments in Russia

Top executives seem intent on following a risky scenario – continue to invest in localized production in Russia even as the political turmoil sees relations between the country and western nations falling apart. Automakers say the best – and maybe safest – course of action is to continue to invest […]

Germany’s ZF sees more acquisitions on the line

Germany’s ZF sees more acquisitions on the line

ZF Friedrichshafen AG, fresh from announcing a $11.7 billion deal to purchase TRW Automotive Holdings Corp., forming the world’s second largest auto supplier, eyes more acquisitions in the near to mid-term future. Stefan Sommer, ZF’s chief executive officer commented that a deal of the TRW magnitude is highly unlikely, and […]