Plants, jobs, sales figures, regulation and the executives behind them. The business of building cars.
Page 9 of 10
The China Association of Automobile Manufacturers has called on city governments to relax motorcycle bans, arguing that easing restrictions could cut congestion and boost the market.
Cooper Tire & Rubber Company has agreed to purchase the Krusevac tyre plant in Serbia, investing up to €50 million over three years to strengthen its European manufacturing base.
Russia’s AvtoVAZ will assemble seven different models across Lada, Renault and Nissan brands at the IzhAvto plant in Izhevsk, with production ramping up from 2012 through to 2020.
Europe’s largest carmakers, through ACEA, have called on EU leaders to address the Eurozone debt crisis, warning that ongoing instability threatens both the industry and the wider economy.
The Tuscaloosa plant will add a third shift from August 2012 to meet demand for SUVs and prepare for upcoming C-Class production.
A German Mercedes-Benz executive was detained in Tuscaloosa under Alabama's new immigration law, prompting state lawmakers to consider changes amid concerns from business leaders.
Japanese manufacturer confirms new investment in Derbyshire plant to build next-generation C-segment hatchbacks, with 1,500 jobs added and further supply chain funding.
Tesla will add at least 400 jobs in 2012 as it prepares to launch Model S production at the former NUMMI plant in Fremont, California.
Russia’s AvtoVAZ will partner with Asia Auto to build a $500 million assembly plant in East Kazakhstan, aiming for 120,000 cars a year and a 70% localisation rate by 2015.
Volkswagen chief Martin Winterkorn has cautioned that 2012 will be a more difficult year for the company, citing weak demand in debt-hit European countries.
Saab’s last hope for survival in October 2011, a €70m bridge loan from Chinese firm Youngman, looked set to collapse after reports of a Beijing veto.
Continental Tire will invest $500 million in a new Sumter, South Carolina facility, aiming for 1,600 jobs and up to 8 million tyres produced annually by 2021.
Fiat expects to take its holding in Chrysler from 53.5% to 58.5% by the end of 2011, pending achievement of performance targets set in the original restructuring deal.
Nissan CEO Carlos Ghosn warns prolonged yen strength could force Japanese carmakers to rethink domestic production, with Infiniti models set for overseas manufacturing.
Fiat is seeking to buy Canada’s remaining stake in Chrysler after the automaker repaid government loans, but Ottawa is not yet ready to sell.
Daimler has confirmed plans to reduce its holding in EADS, the parent of Airbus, as the German car group looks to refocus on its core automotive business.
Dieter Zetsche's compensation reached €8.7 million in 2010 after Daimler posted a strong recovery, with the management board's total pay more than doubling from the previous year.
China’s finance ministry confirms the 10% sales tax will return for cars with engines 1.6 litres or smaller, ending the stimulus that helped drive record growth.
Hyundai Motor America will manufacture the majority of its US-market cars domestically, with the Sonata and other top sellers leading the shift.
The Russian carmaker posted a net profit of 1 billion rubles in the second quarter of 2010, reversing a long period of heavy losses and production decline.
Harley-Davidson’s Chinese sales doubled in 2009, making China the company’s fastest-growing market and prompting plans for four more dealerships and new models tailored to local demand.
The £210m Sunderland facility will supply lithium-ion batteries for Nissan and Renault EVs from 2012, creating 200 jobs at the plant and 600 more in the UK supply chain.
Skoda Auto will cut daily Octavia production from 574 to 441 units from March, responding to weaker sales after Germany ended its car-scrapping scheme.
General Motors will eliminate around 8,300 jobs at Opel across Europe, including nearly 4,000 in Germany and over 2,300 with the closure of Antwerp, as part of a plan to restore profitability.