It comes as no surprise that, with rising fuel costs, companies are continuing their efforts to
Russian component manufacturer Avtokomponent expects to allocate RUB900m to build facilities producing components for AvtoVAZ vehicles in Tolyatti by 2013, the company told RIA Novosti.
It wasn't until recently that Russians understood that
Nikolai Sobolev , the CFO of Russian automaker Sollers, has increased his stake in the company to 0.29% from 0.14%, according to a statement from Sollers.
Special edition Maserati-inspired Abarth 500 announced for European showrooms
Hyundai Motor has announced it will increase its annual production capacity at its Turkey plant, Hyundai Assan Otomotiv Sanayi (HAOS), to 200,000 units from the current 100,000 units.
Volkswagen's Audi division is considering a management reshuffle as it eyes expansion in China, Latin America and the United States, the unit's head told a German magazine.
Toyota will import over 90% of the cars it sells in Korea from regions other than Japan because it wants to take advantages of Korea's free trade agreements.
The British government is talking to a number of key suppliers about opening new UK plants to boost the local content of cars produced in the country.
North-Rhein Westphalia's Prime Minister, Hannelore Kraft, says she will fly to Detroit for urgent talks with General Motors if such a visit can persuade the US automaker to retain its plants at Bochum.
Fiat has set a target of 80-100 independent dealers spread across 35 Indian cities in the next 12-18 months as it looks to double its market share in the next two to three years, having ended a showroom-sharing deal with Tata Motors.
Swedish auto supplier Haldex has appointed Bo Annvik, a former senior executive at Volvo Cars, as its president and CEO.
The Japan Automobile Manufacturers Association is continuing to lobby for the government to get rid of automobile taxes, new chairman Akio Toyoda told his first news conference.
Unlike staff at the English Vauxhall plant in Ellesmere Port, whose recent win of the next generation Astra guarantees work until the early 2020s, workers at GM's Bochum plant in Germany were on Monday (21 May) told no decision had been made on their plant's future beyond 2014. The plant builds the Zafira and Zafira Tourer.
The future of Opel's factory in Bochum, Germany, remains uncertain after CEO Karl-Friedrich Stracke gave no guarantees that the plant will escape closure under restructuring plans to be unveiled June 28 for GM's European division.
The future of Opel's factory in Bochum, Germany, remains uncertain after CEO Karl-Friedrich Stracke gave no guarantees that the plant will escape closure under restructuring to end losses at General Motors Co.'s European division.
Zhejiang Jonway Automobile has launched the Wuxing, a cut-price rival for the country's best selling vehicle, the Wuling Sunshine.