Opel Rejects Claims of GM-Peugeot Alliance Breakdown
Opel has dismissed reports that its alliance with PSA Peugeot Citroën is faltering, stating that joint projects in logistics, purchasing and product development remain on track.
Coverage tagged Manufacturing.
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Opel has dismissed reports that its alliance with PSA Peugeot Citroën is faltering, stating that joint projects in logistics, purchasing and product development remain on track.
The French group’s new Qingdao facility will double its automotive glass output in China, supplying window films and backsheets for the region’s growing vehicle market.
Tesla posted a third-quarter loss of $110.8 million while doubling Model S production, with the company missing its original 2012 output target despite surging demand.
Nissan will invest $358 million in a second assembly plant near Bangkok, aiming to double Thai production to 150,000 vehicles a year by 2014.
Sergio Marchionne’s restructuring plan will see Lancia dropped, with Fiat, Alfa Romeo, Maserati and Jeep each set for new strategic roles in the group.
Mercedes-Benz do Brasil has secured contracts to supply over 1,700 Atego trucks to the Ministry of Defence and 400 Sprinter ambulances to the Ministry of Health, with deliveries underway and completion expected by 2013.
Dacia’s Mioveni plant will build the right-hand drive Sandero for the UK, increasing output by 30,000 units and targeting early 2013 sales at a sub-£6,000 price.
Volvo will cut line speed and reduce agency staff at its Ghent plant in Belgium from 2013, responding to lower European demand for its core models.
General Motors will spend $450 million upgrading its Rosario Automotive Complex between 2013 and 2015 to build a new global Chevrolet model for domestic and export markets.
European regulators have not received a formal notification from France regarding state guarantees for PSA Peugeot Citroën’s €7bn refinancing plan.
Volkswagen is investing tens of millions of euro in its Bratislava factory to prepare for hybrid SUV production, including models for Porsche, Audi and VW.
Volkswagen will ship 200,000 Europe-built vehicles to China in 2013 and invest €3.4 billion in Brazilian operations as European demand falls.
Fiat is in talks with Guangzhou Automobile Group to manufacture the entire Jeep portfolio in China, aiming to boost sales in the world’s largest car market.
Fiat is preparing to build two small SUVs, one Fiat, one Jeep, at its Melfi facility from 2014, aiming to boost exports and keep Italian plants active amid falling European sales.
Production at Chrysler’s Brampton and Toluca plants faces overtime cuts in April 2011 as Japanese earthquake disrupts electronic component supply.
Mercedes-Benz will scale back S-Class output at Sindelfingen, moving to a single shift and reassigning workers, after European sales of the flagship saloon fell sharply in 2012.
German union IG Metall aims to finalise a labour agreement with Opel by 26 October 2012, as the carmaker faces wage hikes and looming plant closure deadlines.
Fiat will keep its Pomigliano d’Arco plant idle for over two weeks from late October, citing weak European demand for the Panda and continued pressure on Italian jobs.
Audi will pause output at its Neckarsulm plant for the first week of October 2012, citing falling demand across Europe, but says annual targets remain unchanged.
Mazda faces a European backlog of 15,000 CX-5 crossovers and is stretching global capacity to 200,000 units to keep up with orders.
The German supplier will expand its South Korean operations with a $178.7 million investment through 2013, adding 300 jobs and focusing on new automotive technologies.
China’s National Development and Reform Commission says the country needs more highways, subways and sewage plants, as approvals for new projects accelerate in response to slowing growth.
A tunnel under construction on a major expressway in southeast China collapsed late Sunday, leaving sixteen workers missing as rescue efforts continued into Monday.
JLR has suspended its planned Brazilian manufacturing site following a court decision that ended regional tax breaks for foreign automakers, undermining the business case for local production.