Post Tagged with: "joint venture"

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Brilliance China’s profit warning impacts BMW shares

Brilliance China’s profit warning impacts BMW shares

Brilliance China Automotive Holdings Ltd, the Chinese partner of BMW AG, delivered a profit warning on Monday, which immediately impacted the shares of the world’s largest premium automaker, BMW AG. The joint venture partner of the German automaker said there is concern from the slowdown in deliveries across the largest […]

Russia: Ford assumes control of Sollers joint venture

Russia: Ford assumes control of Sollers joint venture

The second largest US automaker recently announced it would assume control over its Russian joint venture with local car producer Sollers and would further invest into the firm as it increases the provided financial support. Russia has been going through an auto market meltdown brought by the dire economical situation […]

China: Ford joint venture buys $1.1 billion plant

China: Ford joint venture buys $1.1 billion plant

The second largest US automaker, Ford Motor Co, via its Chinese joint venture with Chongqing Changan Automobile Co have announced their decision to buyout and update a production facility northeast China. According to a company spokesperson, the agreement has been valued at 6.6 billion yuan ($1.1 billion) and the newly […]

Europe: PSA increases production in Slovakia, joint venture with Mitsubishi to cease production in Russia again

Europe: PSA increases production in Slovakia, joint venture with Mitsubishi to cease production in Russia again

PSA Peugeot Citroen’s Slovak business unit is now mulling an increased yearly production that could soar past the 300,000 units mark by 2017 after the company has decided to introduce there a new production model. The French company, the second largest automaker in Europe, has already registered a record production […]

Russia: GM and Ford take opposite routes

Russia: GM and Ford take opposite routes

With the country’s economic crisis seeing as persistent throughout at least this year, the first and second US automaker have different strategies on weathering the effects. Ford and GM are known for their troubled European operations, both accounting Russia as a big part of the regional demand. But now all […]

China: FCA pushes for deeper local joint venture

China: FCA pushes for deeper local joint venture

Fiat Chrysler Automobiles NV, the seventh-largest automaker in the world has been working hard to push its brands in China, the world’s biggest auto market. Now, the carmaker and local automaker Guangzhou Automobile Industry Group announced they are looking into expanding their partnership and Chinese alliance. The companies have now […]