News
31 Aug, 2012
Mazda CEO says the tie-up could be the start of healthy relationship
The European Investment Bank will continue disbursing a 500 million euro ($625 million) loan to Fiat for a new plant in Serbia, that builds the 500L minicar, even though the government there has slowed down investment pledged for the factory.
Japan's Unipres Corporation is scheduled to open a new chassis and body parts plant in Indonesia in September.
Japan's Denso Corporation plans to build a new USD200m manufacturing facility in Indonesia to supply the country's fast-expanding automotive industry.
Dick Elsy, ex-CEO of UK-based technology company Torotrak, is to head up a new UK government initiative called the 'High Value Manufacturing Catapult'.
Andy Brizio, 1970 winner of
Recently redundant Saab workers who moved to Volvo's plant in Gothenburg are facing the sack for the second time in just a matter of months, following union claims the Swedish automaker will axe 300 jobs.
Ford and Toyota are each claiming to produce the best-selling car in the world in the first half.
Ford claims that its Focus model is the world's best-selling car this year, outselling every other model in the first seven months of the year.
A US trade association of steel producers is hailing its contribution of Advanced High-Strength Steels (AHSS) to help automakers achieve critical mass reduction to meet aggressive new US fuel economy standards for 2025.
Ford and Toyota are each claiming to produce the best-selling car in the world in the first half. The definitions are the key. The Focus was the world's top-selling "single-car nameplate," Ford said.
GM is planning on investing US$1bn in its Russian operations over the next five years.
Volkswagen Group CEO Martin Winterkorn said he's not planning additional purchases as Europe's largest carmaker focuses on integrating Porsche, Ducati motorbikes and heavy-truck maker MAN.
Volkswagen Group CEO Martin Winterkorn said he's not planning additional purchases as Europe's largest carmaker focuses on integrating Porsche, Ducati motorbikes and heavy-truck maker MAN.
In his speech accepting the Republican vice presidential nomination this week, Representative Paul D. Ryan of Wisconsin attacked President Barack Obama over the closing of a General Motors factory in Ryan's hometown.
Videos
31 Aug, 2012
The convertible Citroen DS3 Cabriolet shows off its folding canvas roof
PSA/Peugeot-Citroen will invest more than 750 million euros ($937 million) in its Sevelnord plant in northern France to build vans for its brands and Toyota..
Car shoppers have long known that they can often buy at lower prices at the end of the month as dealers slash prices to meet sales quotas. Their chances for such deals have been especially strong as 2012 wears on.
German supplier Mahle is more than doubling the size of its randd center in the Chinese city of Shanghai. The expanded center is due to open in November.
German supplier Continental has signed an agreement with the Chinese city of Wuhu to build a 33 million euro (262 million yuan) plant to produce infotainment components.