Coverage tagged Manufacturing.
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Audi is negotiating to buy Ducati from Investindustrial, with a proposed deal valuing the Italian motorcycle maker at €850 million including debt.
Japanese giant Bridgestone will build a new factory in Rayong, Thailand, with a projected capacity of 85 tonnes per day by 2019 to supply tyres for construction and mining machinery.
Hero MotoCorp confirmed it is in talks with banks to raise funds for a possible bid for Ducati, as the Italian marque’s private equity owner seeks a sale.
Volkswagen aims to surpass Toyota and General Motors in worldwide vehicle sales by 2018, setting a target of 10 million annual deliveries and higher profitability.
Hyundai, together with KOICA and PLAN Korea, will establish a $700,000 technical training centre in Ghana to provide automotive repair skills for local youth.
Suzuki Motor Corporation and UK-based Intelligent Energy have established a 50-50 joint venture to manufacture fuel cell systems for next-generation vehicles.
Mercedes-Benz Türk will supply 221 Conecto articulated city buses to IETT, with deliveries scheduled by September 2012 and a five-year warranty including maintenance.
Chinese firm Youngman has submitted a fresh offer for bankrupt Saab, aiming to revive the Swedish marque but faces obstacles over technology rights and asset sales.
Chrysler has produced its one millionth 3.6-litre Pentastar V6 engine just 18 months after launch, underlining the unit’s rapid adoption across the group’s core models.
Chinese carmaker Great Wall Motor and Litex Motors will open their Bulgarian assembly plant on 21 February, aiming for 50,000 vehicles annually for Europe.
The Swedish Debt Office has repaid the European Investment Bank loan guaranteed for Saab, taking on SEK 2.2 billion in debt and shares in Saab’s parts and tools units as collateral.
Following Proton's sale to DRB-Hicom, Lotus CEO Dany Bahar is searching for financial partners to secure the British sports car maker's future.
Thai car production is forecast to rebound sharply in 2012, with the Federation of Thai Industries expecting output to hit two million vehicles after last year’s flood-induced slump.
Chinese carmakers exported 814,300 vehicles in 2011, with Chery, Great Wall and JAC driving growth by finding sales beyond traditional Middle Eastern markets.
Shanghai Volkswagen is developing a new sedan positioned between the Lavida and Passat, targeting China's mid-market saloon segment with a launch expected in late 2012.
Opel's new compact model, the Junior, will begin production in Eisenach, Germany, in late 2012, aiming to rival the Fiat 500.
Receivers plan to destroy up to 100 unsold Saab vehicles, including rare 9-5 estates and 9-4X SUVs, as the company’s assets are liquidated following bankruptcy.
Fiat is considering bringing compact saloon and hatchback models, based on the Dodge Dart and built in China with Guangzhou Automobile, to European markets from 2013.
Mercedes-Benz South Africa has pulled its December 2011 sales figures from NAAMSA reporting, following a Daimler AG directive linked to a European competition investigation.
Hyundai Motor America closed 2011 with a 20 percent sales increase, reaching 645,691 units, as the Sonata and Elantra drove growth and fleet sales remained low.
Nissan and Dongfeng have agreed to assemble Renault models in Wuhan, marking Renault’s first local production in China and a shift from its previous import-only approach.
Volvo has confirmed the recruitment of 40 ex-Saab employees and expects to hire more, as specialist engineering talent disperses following Saab’s bankruptcy.
Spyker Cars NV will adopt the name Swedish Automobile NV following the sale of its sportscar division and ongoing uncertainty over the Saab brand rights.
Chrysler will expand its Saltillo facility in Mexico to produce the Fiat Ducato van under the Ram brand for North American sale from 2013, targeting a gap in its commercial line-up.