Gumpert supercar maker ceases operations after failed rescue
German supercar firm Gumpert has officially closed after a failed investment left the company unable to recover from insolvency, ending nearly a decade of Apollo production.
Coverage tagged Manufacturing.
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German supercar firm Gumpert has officially closed after a failed investment left the company unable to recover from insolvency, ending nearly a decade of Apollo production.
Elon Musk says Tesla is planning factories in Europe and Asia to support future mass-market electric car production as Model S demand outpaces current capacity.
Volkswagen is preparing to invest in a new assembly facility in Indonesia, with plans potentially tied to the country’s green car incentives and eco-friendly vehicle production.
A consortium led by Hamburg lawyer Ingo Voigt has tabled a $25 million bid to acquire the insolvent US plug-in car maker Fisker, aiming to restart Karma production in America.
More than 2,150 workers walked out at BMW’s Rosslyn plant near Pretoria, stopping 3 Series output and disrupting export schedules to key global markets.
Dacia’s Mioveni plant has produced its 100,000th 0.9-litre TCe turbocharged engine, less than a year after the unit’s introduction in the brand’s core models.
France’s finance ministry is seeking external financial advice as PSA Peugeot Citroën explores potential alliances and faces ongoing financial pressure in 2013.
Chrysler has begun building the all-new 2014 Jeep Cherokee at its Toledo, Ohio plant, with US dealer deliveries scheduled for August and full volumes expected in September.
Alfa Romeo has released a detailed look at the assembly process for the 4C, highlighting its carbon fibre construction and mid-engined layout ahead of first deliveries in September 2013.
US-based Miles Electric Vehicles, known for its low-speed electric fleet vehicles, filed for Chapter 11 bankruptcy protection on 11 June 2013 after struggling with liabilities far exceeding its assets.
Opel is weighing a move to assemble the Mokka subcompact SUV at its Figueruelas plant in Zaragoza, Spain, as European demand outpaces expectations.
Nissan is finalising its own version of the Dacia Duster, with the rebadged SUV expected to launch as the Terrano and enter production in the coming years.
Jeep is poised to beat Land Rover to market with the first 9-speed automatic transmission in a light SUV, as the Cherokee is due by late 2013.
Volkswagen and Chinese partner FAW are preparing to launch a new entry-level automotive brand aimed at China's budget segment, with the first model expected within three years.
Fisker Automotive told US lawmakers it may seek bankruptcy protection after failing to secure new investment, halting production and cutting most of its workforce.
GM plans to triple Cadillac sales in China by 2015 by expanding into tier-two and tier-three cities, increasing local production, and adding new dealerships.
Nissan, Honda and other Japanese manufacturers are shifting more sourcing to Chinese suppliers to lower costs and compete with domestic rivals in China’s booming entry-level car market.
Ongoing industrial action at Hyundai’s South Korean plants has led to a production shortfall of 41,000 vehicles and losses exceeding $730 million.
After weeks of industrial action and threatened production moves, Dacia and its Mioveni plant workforce have agreed a pay deal including a 6% salary increase and a higher bonus.
Hyundai Motor and Kia Motors have surpassed 50 million vehicles sold worldwide, with the milestone reached as shipments of Avante, i30 and Tucson ix models left for the US in early 2013.
General Motors and Opel leaders will meet Chancellor Angela Merkel in Berlin on 11 April, as the future of the Bochum plant and jobs at the German subsidiary remain in question.
The six-mile facility in Florida, previously used by Ford and Harley-Davidson, will support Chrysler’s year-round vehicle testing after four years of inactivity.
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.