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Jul
11th

INDIA: Toyota seeks to make its presence felt in EMs

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Toyota may be the world's number one carmaker but it is still working on making its presence felt in India and other emerging markets.
Jul
11th

IRAN: IKCO swivels component sights to local as PSA shipments start to dry up

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Iranian components division, SAPCO (Supplying Automotive Part Co) says it is dramatically increasing the localisation of content to build IKCO's new Peugeot 405-based pick-up truck next year as supply from the French automaker starts to dry up.
Jul
11th

GERMANY: Porsche H1 sales up 14%

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Porsche sales in the first half rose 14% to 69,171 vehicles after June volume was up almost 19% to 12,699.
Jul
11th

Renault’s global sales fall 3.3% in first half, hit by Europe slump

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Renault said its global vehicle sales fell 3.3 percent in the first half, dragged down by a worsening slump in the European market.
Jul
11th

Daimler profit warning looms; PSA’s woes don’t make sense, analyst says

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Daimler is 'moments away from a profit warning' and things should not be as bad as they are at PSA.
Jul
11th

Raw materials prices drop amid Europe and China slowdowns

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For automotive suppliers, the economic slowdown in Europe and China has a silver lining: Raw materials prices have declined sharply.
Jul
11th

PSA, Fiat put Sevelnord exit terms to works council

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PSA/Peugeot-Citroen and Fiat said on Wednesday they had presented the terms of a Fiat exit from their shared commercial van plant in northern France to employee representatives.
Jul
11th

INDIA: Mahindra abandons US plans for now

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After a troubled attempt, Mahindra & Mahindra has now put its plans to develop a vehicle for the US on hold, attributing the move to regulatory changes and market conditions.
Jul
11th

Luxury sedans put to the test at Autoweek/ZF Fantasy Camp

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This year marked the third-annual Autoweek/ZF Fantasy Camp, a golden opportunity for you, our ultrapassionate readers, to become one of and#8220;usand#8221; for a day. Twenty readers drive 10 cars on track, evaluate them and write about them.
Jul
11th

INDIA: BMW Chennai builds 25,000 cars

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The BMW plant in Chennai has built its 25,000th car.
Jul
11th

EU regulators to probe aid for Porsche Macan project

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EU competition regulators will examine whether a 522 million euro ($640 million) project to build the Porsche Macan SUV gives the German carmaker an unfair advantage, in breach of EU state aid rules.
Jul
11th

VW will start building the new Golf in August

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Volkswagen will begin production of the new Golf at its German factories in Wolfsburg and Zwickau in early August.
Jul
11th

RESEARCH ANALYSIS: 3M eyes growth in adhesives for BIW bonding

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Adhesives specialists at 3M believe there is a growing market for the use of adhesives for bonding in automotive body structures, citing several advantages over conventional spot-welding.
Jul
11th

VIETNAM: Sales fall 24% in June

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New vehicle sales in Vietnam fell by 24% to 5,858 units in June, compared with 7,696 units a year earlier, according to data released by the Vietnam Automotive Manufacturers Association.
Jul
11th

JAPAN: Mitsubishi sells Dutch plant for EUR1, JPY28bn loss

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Mitsubishi Motors Corporation (MMC) on Wednesday (11 July) said it had agreed to sell its Born plant in the Netherlands to a Dutch group for one euro and would book a JPY28bn loss on the deal this fiscal year.
Jul
11th

Dutch bus maker readies deal to buy Mitsubishi plant to build Minis for BMW

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Dutch bus manufacturer VDL Group said it will discuss with BMW and Mitsubishi its plans to take over Mitsubishi's NedCar factory in the Netherlands to build cars there for BMW's Mini brand.
Jul
11th

BRAZIL: Vehicle production still slow despite sales rise

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Despite rising sales in the country, vehicle production in Brazil slipped 2.6% in June compared to the same month a year ago.
Jul
11th

SLOVAKIA: Kia sets new records at Zilina

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Kia's European plant at Zilina, Slovakia, set a new car production record during the first six months of 2012, building 149,000 vehicles - a 10% year on year increase.
Jul
11th

COLOMBIA: Economy’s deceleration slows car sales growth to just 2% YTD

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The Eurozone crisis plus a tax reform bill and the beginning of the domestic presidential campaign were the main reasons Colombian GDP grew 4.3% instead of the forecast 4.7% in the first quarter of 2012. The stock market, construction and car sales are all showing signs of slowing.
Jul
11th

BRAZIL: After record June, 2012 sales look flat

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The new IPI (excise tax) break, discounting by automakers and flexible bank financing combined to make last month the best June ever for auto sales here in Brazil.
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