Japanese brands face slow recovery in Chinese car market
Mazda, Nissan, Toyota and Honda all posted double-digit sales declines in China for the first quarter of 2013, trailing rivals as they work to regain lost ground.
Coverage tagged Manufacturing.
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Mazda, Nissan, Toyota and Honda all posted double-digit sales declines in China for the first quarter of 2013, trailing rivals as they work to regain lost ground.
GM Korea’s chief executive has urged the South Korean government to intervene on currency policy, warning that the strong won is hurting automotive exports as rivals in Japan and China benefit from weaker currencies.
Opel will move production of the next-generation Mokka from South Korea to a European facility, aiming to strengthen its crossover's appeal in its core markets.
Bentley’s board is set to decide imminently whether to put its first luxury SUV into production, with CEO Wolfgang Schreiber signalling a strong business case for the model.
Volkswagen and the United Auto Workers are discussing a German-style works council for the Chattanooga factory, with a formal plan expected by mid-2013.
French carmaker PSA Peugeot Citroën will begin assembling four models in Kazakhstan from June 2013, partnering with Agromash Holding and targeting up to 10,000 units annually.
General Motors will use spare capacity at Opel and Vauxhall factories, including Ellesmere Port, to produce vehicles for other GM brands such as Chevrolet.
The British marque will build just 375 examples of its 903hp hybrid P1, with the production run and pricing revealed ahead of the car’s Geneva debut.
Chinese carmaker Geely will invest $151.7 million in Manganese Bronze Holdings, aiming to restore profitability and expand the iconic London taxi brand overseas.
Growing sales for compact SUVs in Europe have prompted Toyota to consider local production of the RAV4, aiming to boost regional content and supply.
Porsche plans to increase its workforce by 3,000 by 2018 as part of its drive to reach 200,000 annual sales, with new roles focused on its core German sites.
Volvo Car Corporation will lay off around 1,000 consultants and white-collar workers in 2013, mostly in Sweden, as part of a cost-cutting drive following weak European sales.
Ferrari has been named the world’s most powerful brand in the 2013 Global 500 survey, surpassing much larger carmakers and global corporations.
Proton is preparing a turnaround plan targeting a fivefold production increase and a major push into international markets, with Australia and Southeast Asia in its sights.
Dacia has produced its 400,000th Duster SUV at the Mioveni factory in Romania, less than three years after the model’s launch, with most output destined for Western Europe.
Both Mazda and Fuji Heavy Industries raised their annual profit targets for the 2012 fiscal year, citing the yen’s sharp depreciation as a key driver for export gains.
General Motors will idle all three of its US full-size pickup plants for 10 weeks to manage a spike in unsold inventory ahead of launching redesigned Chevrolet Silverado and GMC Sierra models.
Volkswagen is preparing a fresh growth strategy for 2022 after global sales surged towards its 10 million vehicle target, originally set for 2018.
Renault has delivered 670 Duster SUVs to the Military Police in Brazil, equipping the force with updated patrol vehicles tailored for operational needs in Paraná.
Tata Motors has dismissed speculation about a $1 billion investment in Romania, clarifying it has no current plans to establish manufacturing operations there.
Alumina Limited's 2013 results show a strong shift towards value-add products, with segment profits and revenues expected to climb by another 10% in the year.
Audi will build the new A3 sedan for Europe at its expanded Gyor facility, separating it from the Ingolstadt-built hatchbacks and Sportback models.
Fiat-Chrysler aims to expand its North American range to 16 Fiat and Alfa Romeo models by 2016, including new entries from both brands and the Alfa 4C sports car.
Dacia’s budget SUV has drawn more than 2,000 orders for its entry-level model and exceeded expectations for its 4x4 variant, pushing UK waiting times to five months.