Opel CEO Warns 2016 Profit Target at Risk Amid Market Headwinds
Karl-Thomas Neumann has cautioned senior management that Opel and Vauxhall may miss their 2016 profit goal, citing pressure from weak European and Russian sales.
Coverage tagged Manufacturing.
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Karl-Thomas Neumann has cautioned senior management that Opel and Vauxhall may miss their 2016 profit goal, citing pressure from weak European and Russian sales.
Ford has closed its Genk assembly plant in Belgium, ending 50 years of production and affecting thousands of workers and suppliers in the region.
Fiat Group Automobiles SpA has officially changed its name to FCA Italy SpA, mirroring Chrysler's earlier rebranding to FCA US as part of Fiat Chrysler Automobiles' global restructuring.
Maserati will bring its first SUV, the Levante, to market by the end of next year, with production set for Turin and a range of V6 and V8 engines planned.
Manufacturers have flooded showrooms with variants and niches, but the sheer volume of choice is now under scrutiny as costs rise and buyers hesitate.
China’s government is finalising a draft policy to let new carmakers develop and sell electric vehicles, aiming to boost competition and accelerate clean transport adoption.
Opel will auction off hundreds of pieces of equipment from its Bochum plant ahead of the factory’s closure, including presses, robots and even a fire station.
A new joint venture in Oldbury aims to recycle up to 99% of scrapped vehicles, using gasification technology to exceed EU targets and reduce landfill waste.
Falling demand for open top cars in Europe and North America has forced major roof system suppliers like Webasto and Valmet to close or scale back production facilities.
Ford will add 850 new jobs across three Dearborn, Michigan, plants to support production of the aluminium-bodied 2015 F-150, with most roles at the assembly plant.
Chevrolet’s smallest model reaches the one million sales mark, with strong demand in the US, Mexico, South Korea and beyond since its 1998 debut.
Citroën has revealed the production-ready C3 XR, a compact crossover developed for China, with sales set to begin in December 2014 and a 1.6-litre turbo engine on offer.
Ford’s aluminium-bodied F-150 and Jaguar’s XE push carmakers further from traditional steel, prompting steelmakers to accelerate high-strength steel development and defend market share.
Fiat will introduce a new midsize pickup derived from the next-generation Mitsubishi L200, following a partnership between the two companies announced in 2014.
Jeep’s smallest SUV, the Renegade, receives its full European specification ahead of a Q4 2014 showroom debut, with Italian production and a broad engine line-up.
Toyota and Mitsubishi have pressed the Philippine government to finalise an automotive industry policy, warning that continued delays could see production and jobs shift to neighbouring countries.
Audi’s Győr plant has started building the 2015 TT, with the new model set to reach European showrooms later in the year and production running at full capacity.
Peugeot, Fiat, Ford and GM have flagged falling demand and political risk in Russia and Latin America, even as Europe’s recovery shows signs of stabilising.
The long-wheelbase Cadillac ATS-L, designed exclusively for the Chinese market, debuts in its first official image with stretched dimensions and local production.
British car manufacturing grew 3.5% in the first half of 2014, with new model introductions and export demand driving output to 790,000 units.
Industry leaders warn that wider adoption of aluminium in mainstream vehicles could push prices up to $2,500 per tonne, driven by Ford’s move with the F-150.
Tesla is assessing locations in five US states for a massive battery factory, with Nevada, Arizona, New Mexico, Texas and California all under consideration.
China’s government is reviewing rules that could allow non-traditional companies to manufacture electric vehicles, in a move aimed at boosting its new energy car sector.
Ford’s switch to aluminium for the F-150 has triggered a rush among global aluminium suppliers to secure a place in the rapidly expanding automotive market.