Coverage tagged Manufacturing.
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Khazanah Nasional has agreed to sell its 32.7% stake in Proton Holdings to DRB-Hicom for $410 million, handing control of Malaysia’s national carmaker to the private conglomerate.
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.
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.
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.
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.
India's largest SUV maker is preparing to approach Saab’s administrators, as several international parties show interest in the bankrupt Swedish brand.
Renault and Nissan are nearing a deal to secure majority control of Russia’s AvtoVAZ, with negotiations expected to conclude by March 2012.
Dodge Caliber production has ceased as Chrysler prepares to launch the Dart, marking the end of a troubled chapter in its compact car line-up.
Chinese manufacturer Youngman has secured rights to Saab’s Phoenix platform and is considering new vehicle production, potentially in Sweden, following Saab’s bankruptcy.
The first all-electric Ford Focus rolls off the line at Michigan Assembly Plant, targeting over 100 MPGe and taking aim at rivals like the Nissan Leaf.
Chrysler will revive its Detroit Viper plant and launch the 2013 Viper as the first model under the newly independent SRT performance brand.
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.
The Tuscaloosa plant will add a third shift from August 2012 to meet demand for SUVs and prepare for upcoming C-Class production.
Dacia’s new Lodgy MPV will start below €10,000, with production underway at Renault’s new Tanger plant in Morocco targeting value-conscious European families.
Chinese authorities are expected to approve the Subaru-Chery joint venture after Fuji Heavy Industries agreed to key branding and sales conditions.
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.
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.
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.