Post Tagged with: "overcapacity"

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Skoda to sell more than 940,000 cars this year

Skoda to sell more than 940,000 cars this year

Skoda Auto, a unit of Volkswagen Group reiterated its outlook for full-year deliveries to be above 2012 when the company sold 939,200 vehicles. Skoda sold 464,600 vehicles in the first half – down 6 percent compared to 2012. The biggest Czech exporter said he first half had been affected by a […]

Opel may build Mokka subcompact SUV in Spain

Opel may build Mokka subcompact SUV in Spain

General Motors Co’s European division, Opel, plans to shift a large part of its Mokka subcompact SUV production from South Korea to Europe, in Spain, German newspaper Handelsblatt reports citing some insiders from General Motors. According to the same source, Opel may decide next week if they will assembly the […]

Russian Auto Output to Increase Risking Overcapacity

Russian Auto Output to Increase Risking Overcapacity

Analysts believe that Russian auto industry is close to reach the same overcapacity problem with which the rest of Europe confronts. The warning comes after Avtotor Holding formed a partnership in November with supplier Magna International, being the latest company to announce a major investment in Russia’s auto production. The […]

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Plastic Omnium to stop making bumpers in Germany

Plastic Omnium to stop making bumpers in Germany

French plastic processing company Plastic Omnium announced it will cut output in Germany by halting the production of auto bumpers. Plastic Omnium blames the shrinking car market in Europe and also automakers’ own strategic decisions that have led to excess production capacity in Western Europe. For this reason, the company […]

EU Industry Commissioner vows to help Europe’s car sector

EU Industry Commissioner vows to help Europe’s car sector

EU Industry Commissioner Antonio Tajani today promised to take action to help Europe’s suffering carmakers. Tajani said he will address the automotive sector’s problems and restructuring in “an urgent and co-ordinated way”. The commissioner said he will gather industry leaders, representatives of the workers and top politicians to address issues […]

Business re-think helps Toyota through

Business re-think helps Toyota through

Toyota is riding out the economic downturn in Europe by reforming the way it does business. This has included the decision to concentrate production of all its Auris C segment models in the UK, rather than splitting assembly with its factory in Turkey. Didier Leroy, head of Toyota Motor Europe, […]

Ford Prepared to Make More Cuts in Europe

Ford Prepared to Make More Cuts in Europe

Ford announces it will close the Southampton van factory and a stamping facility in Dagenham next year, cutting 1,400 jobs. The announcement comes a day after Ford said it will close the Genk plant, in Belgium in late 2014. The total number of job cuts would be 6,200, and a […]