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Oct
21st

Daimler sees $780 million windfall from sale of Tesla stake

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Daimler AG said it will book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors.No tags for this post.
Oct
21st

PSA will add production shifts to meet demand for Citroen C4 Cactus, report says

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PSA/Peugeot-Citroen is adding extra production shifts at its Villaverde factory near Madrid to meet increasing demand for the new Citroen C4 Cactus, a report said.No tags for this post.
Oct
21st

Daimler will shift some Sprinter production to North America from Germany

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Daimler said it will build the next-generation Mercedes Sprinter van in North America, shifting some production from Germany to improve competitiveness.No tags for this post.
Oct
21st

CHINA: Car market set for 10m more units pa by 2020

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China's car market will be heading towards 30m units by 2020 according to forecasts produced by IHS Automotive.No tags for this post.
Oct
21st

GKN sees growth in 2014 helped by auto-unit performance

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UK supplier GKN said it was on track for growth in 2014 after posting third quarter profit of 160 million pounds ($258.62 million), boosted by a strong performance at its automotive unit.No tags for this post.
Oct
21st

SWEDEN: Auto companies should move faster with Iran: SIC

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Swedish automotive companies need to act faster to take opportunities of business in Iran says one association with interests in both countries.No tags for this post.
Oct
21st

MALAYSIA: Volkswagen assembly plant to export from 2015

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Volkswagen Group Malaysia plans to start exporting vehicles it produces from completely knocked down (CKD) kits to neighbouring countries, Bernama.com.my reported.No tags for this post.
Oct
21st

CHINA: Dongfeng Nissan adds fourth factory

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Dongfeng Nissan's Dalian plant, which will become the hub for the company's SUV production in China, has started production bringing the joint venture's number of assembly operations in the country to four.No tags for this post.
Oct
21st

CHINA: Cadillac to commence local SRX build in 2015

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Cadillac plans to begin manufacturing its SRX SUV in China from 2015, CarNewsChina.com reported. The model, which is currently imported, will be built at a new plant near Shanghai.No tags for this post.
Oct
21st

TURKEY: Hyundai commences production of European Elite i20

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Hyundai has started production of the European version of its redesigned Elite i20 in Turkey.No tags for this post.
Oct
21st

CHINA: Volvo to launch petrol S60L hybrid in mid-2015

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Volvo plans to launch a special long wheelbase, petrol S60L plug-in hybrid model in China in mid-2015, a local media report said.No tags for this post.
Oct
21st

INDIA: Hyundai to establish emerging markets exports base

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Hyundai plans to make India its export base for emerging markets in south east Asia, Latin America and Africa.No tags for this post.
Oct
21st

CHINA: Jaguar Land Rover opens joint venture factory with Chery

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Tata Motors luxury vehicle unit Jaguar Land Rover has opened its first full manufcaturing facility outside the UK, in China.No tags for this post.
Oct
21st

Citroen withholds new crossover from booming segment in Europe

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Citroen's new C3-XR subcompact crossover will remain a China-only vehicle after the brand ruled out European sales of the model. Citroen says the C4 Cactus is a better fit in Europe for customers seeking a small SUV-styled vehicle.No tags for this post.
Oct
21st

‘Aggressive’ EV ambitions will boost aluminum demand in China

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China's drive to build electric cars as a way to combat pollution and reduce energy dependence is likely to set up a greater-than-forecast surge in demand for aluminum, according to Novelis, the world's biggest supplier of the material to automakers.No tags for this post.
Oct
21st

US: GM recalls almost 100,000 SUVs and trucks for electrical check

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General Motors is recalling 97,540 2013-2014 Cadillac CTS, Escalade, Escalade ESV, Chevrolet Suburban, Tahoe, GMC Yukon, and Yukon XL, and 2014 Buick Enclave, Chevrolet Express, Impala, Silverado HD, Traverse, GMC Acadia, Savana, and Sierra HD vehicles in the US to check for a potential electrical problem.No tags for this post.
Oct
21st

Chinese auto market growth will slow to 5% this year, group says

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China's vehicle sales will likely rise just 5 percent in 2014 to 23 million, according to the country's main auto association, which revised its growth forecast downward for the second time this year.No tags for this post.
Oct
21st

US: Toyota recalls 247,000 more vehicles for airbag inflator issue

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Toyota Motor Sales USA, has announced a supplemental safety recall of approximately 247,000 Toyota Corolla, Matrix, Sequoia, Tundra and Lexus SC vehicles produced from 2001 to 2004 and equipped with front passenger airbag inflators supplied by Takata.No tags for this post.
Oct
21st

PSA-Dongfeng JV breaks ground for 4th China plant

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PSA's joint venture with Dongfeng began construction of its fourth Chinese assembly plant. The factory will launch production in 2016 and will build up to 360,000 vehicles a year.No tags for this post.
Oct
21st

Daimler eyes stake in motorcycle maker MV Agusta, report says

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Daimler is said to be in talks to take a stake of up to 25 percent in Italian motorcycle maker MV Agusta. Carmakers' interest in motorbike technology is growing as they introduce smaller engines aimed at meeting anti-pollution rules.No tags for this post.
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