Honda is investing 267 million pounds ($424.9 million) to build new models and engines at its plant in England in an effort to rebuild its ailing European business.
Audi has chosen San José Chiapa in the central Mexican state of Puebla as the location for its first car plant in the Americas. The company will build the replacement for the Q5 there from 2016 at the rate of 150,000 cars a year.
Continental returned to Germany's benchmark DAX index after a 45-month absence in a sign of its recovery from debt woes that sparked a takeover bid from Schaeffler AG.
PSA Peugeot Citroen is facing the stark possibility of imminent industrial action concerning plans to shut its Aulnay plant near Paris with the loss of more than 3,000 jobs.
Ford of Europe has revealed the new Mondeo at a special preview event in Amsterdam. The availability of the 1.0-litre EcoBoost petrol engine is the main innovation.
Ford plans to ship Indian-built engines to Europe and other markets, as the automaker tries to boost exports to use its expanding production capacity.
News
6 Sep, 2012
New Fiesta-based Ford EcoSport SUV will arrive in the next 18 months
Mazda Sollers Manufacturing Rus, the new 50-50 assembly joint venture between the Japanese and Russian vehicle makers, has held a ceremony to mark the establishment of their accord.
News
6 Sep, 2012
Honda CR-V launched as firm invests £267 million in its Swindon plant
Ford will offer its new downsized 1.0-liter EcoBoost gasoline engine on the new Mondeo, the automaker's European flagship car.
The launch of the new CR-V today is the culmination of a GBP267m (US$424m) investment programme into new models and engines at Honda's Swindon plant in England - the single biggest investment there in over a decade.
News
6 Sep, 2012
Audi RS5 Cabriolet unveiled in Audi’s first ever live online launch
The next round in a wrongful dismissal lawsuit brought by former Mercedes-Benz USA boss Ernst Lieb against Daimler will begin Nov. 15 in a German court, a spokeswoman for Lieb's lawyer told Automotive News Europe.
Maserati's redesigned Quattroporte flagship sedan, set to debut in January at the Detroit auto show, will launch Fiat-Chrysler CEO Sergio Marchionne's ambitious plan to reinvigorate the brand's sales.
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