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Toyota to shed 50 percent of retooling cost thanks to efficiency strategy


The largest Japanese company and the world’s biggest automaker announced recently it plans to shed half of the associated expenses when investing into retooling of its plants for upcoming models. The cost cuts are associated to the recently announced refresh of overall strategy for developing and producing automobiles, and compare to the spending the company registered before the 2008 economic recession. ...
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Report – Germany’s VW to offload Russian personnel at Russian plant
Sources that have knowledge of the company’s plans have told Bloomberg the German automaker, the largest in European and the second-biggest in the world, will cut both production and implement ...
Report: Toyota close to approval of Mexican factory
Three sources that have knowledge of the company’s strategy have reported that Toyota Motor, the world’s largest automaker, is close to summing up its plans for a new passenger car ...
Daimler to invest billions in crucial upgrade of German factory
Daimler AG, the parent company of Mercedes-Benz, the third largest premium brand in the world, has announced it would spend billions of euros in the near future to refresh a ...
Russia: Nissan ceases production for more than two weeks
The second largest Japanese automaker, Nissan Motor, announced it would stop production output at its factory in ST. Petersburg for a period of 16 days, between March 16 and March ...
Volkswagen to invest $1 billion to expand Mexico factory for Tiguan production
German automaker Volkswagen AG, the largest in Europe and the second-biggest carmaker in the world, has recently announced it plans to spend around one billion dollars to prepare its vehicle ...
Jaguar Land Rover chief says US plant to be decided within three years
According to CEO Ralf Speth, if British luxury automaker Jaguar Land Rover is to keep expanding in the next years it would definitely need to establish an assembly facility in ...
Report – VW close to introduce $1 billion investment in Mexico
According to a source that has knowledge of the carmaker’s strategy, Volkswagen AG – the largest automaker in Europe and the second biggest in the world – will give a ...
Toyota’s Mirai starts production on anniversary of unintended acceleration crisis
The largest automaker in the world, Japan’s Toyota, chose an unlikely date to mark the official production start of the automobile they like to believe it marks “a turning point ...
Volkswagen AG receives government approval for new factory in Thailand
Germany’s Volkswagen AG, the largest automaker in Europe and the second-biggest in the world, has recently received the approval from Thai authorities to construct a new assembly facility in the ...

latest automotive news
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