Coverage tagged Manufacturing.
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Saab Automobile has obtained a €25 million convertible bridge loan from Gemini Investment Fund, part of a €66 million funding package aimed at restarting production.
A €13 million order from a Chinese buyer will allow Saab to pay overdue wages and some supplier debts, but the company’s long-term future remains uncertain.
Aston Martin will reduce weekly Rapide output from 25 to 10 units, aligning production with lower-than-expected demand for the V12-powered saloon.
India’s car market is forecast to reach 11 million annual sales by 2020, putting it behind only China and the US, according to a JD Power report.
Daimler is nearing a July decision on Maybach’s future, with talks ongoing for Aston Martin to build the next-generation model at Gaydon or risk the brand’s closure.
Spyker agrees to sell a 24 percent stake to Pang Da Automobile, with immediate funding and joint ventures in China aimed at restarting Saab's stalled production.
Merck’s Onahama facility, the world’s only source of Xirallic paint pigment, has resumed production less than two months after the March 2011 earthquake halted supply to automakers.
Standard & Poor’s has revised its outlook to negative for Toyota, Honda, Nissan and three major suppliers, citing ongoing production stoppages following Japan’s 2011 earthquake and tsunami.
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.
The New Delhi-area F1 track, set to host its first Grand Prix in October 2011, has been officially named Buddh International Circuit, invoking peace and calm.
Volkswagen began full-scale vehicle production at its Kaluga facility in October 2009, marking a €570 million investment and a major step in localising its Russian operations.
Audi has built its five millionth A4, a 2.0 TFSI quattro in Misano Red, marking a milestone for the model since its 1994 debut.
The milestone Freelander 2, a 2.2-litre TD4 GS in Fuji White, highlights strong demand for Land Rover’s compact SUV as Halewood production continues to serve global markets.
Production halts continue at Honda, Toyota, Nissan and Mazda as supply chain disruptions and damage assessments deepen, with global manufacturers bracing for knock-on effects.
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.
General Motors' Opel will add a new convertible to its European line-up in 2013, continuing a tradition of open-top models and supporting its €11 billion investment plan.
Saab has started series production of its new 9-4X SUV at the Ramos Arizpe plant, with the first unit destined for media duties before heading to the Saab museum.
General Motors begins full-scale production of the Chevrolet Volt today at its Detroit-Hamtramck plant, with a live video stream marking the milestone for the extended-range hybrid.
Škoda will unveil a revised logo in 2011, reflecting its 20-year partnership with Volkswagen and shifting focus towards environmental values.
Hyundai Motor America will manufacture the majority of its US-market cars domestically, with the Sonata and other top sellers leading the shift.
BMW and PSA Peugeot Citroën have signed a memorandum of understanding to jointly develop hybrid components for future front-wheel-drive vehicles, aiming to cut costs and accelerate electrification.
Geely’s $2bn acquisition of Volvo from Ford in 2010 marked a turning point for Chinese investment in European carmakers, drawing parallels with Lenovo’s IBM takeover.
Nissan and Dongfeng have introduced Qi Chen, a new marque aimed at China's growing demand for affordable small cars, with first models planned for 2012.
Scania has commissioned Porsche Engineering to design its next-generation truck cab frames, drawing on Porsche’s expertise in styling, structural analysis and production efficiency.