In 2006, when Brazil's central bank (BCB) started issuing statistics on the profits remitted abroad categorised by the different sectors in which foreign companies operated, automakers and auto parts manufacturers were always highlighted.
Hyundai and its affiliate Kia are reducing production after sales fell at the two Korean carmakers.
Tata Motors and Fiat plan to spend INR30bn (US$468m) on an Indian assembly line for SUVs.
Hyundai has raised the production target of its Czech Republic unit by 10% to 330,000 vehicles for 2015.
Honda said it would restate its financial results for the last business year, to account for $363 million in additional costs to pay for an expanded recall of cars equipped with Takata airbag parts.
VW Group's steering committee will meet today to discuss the development of a new structure for the automaker, but won't talk about personnel issues including the selection of a new chairman to replace Ferdinand Piech, two sources familiar with the...
VW Group's steering committee will meet today to discuss the development of a new structure for the automaker, but won't talk about personnel issues including the selection of a new chairman to replace Ferdinand Piech, two sources familiar with the...
Faurecia plans to shut down its seat frame plant in Nompatelize, France, at the end of 2015.
Vietnam's new vehicle market continued to grow strongly in May, with sales jumping by over 40% to 16,946 units from 12,071 units a year earlier, according to the Vietnam Automotive Manufacturers Association.
Isuzu Motors might continue with its contract manufacturing agreement with Hindustan Motors (HM) even after its Sri City plant in Andhra Pradesh, India starts operations in April 2016.
Thailand's luxury car market is expected to expand by 10-12% to around 20,000 units in 2015, according to Mercedes-Benz (Thailand)'s president Michael Grewe.
Mercedes is boosting local output in India by adding production of the GLA at its factory in Pune.
Bosch and Daimler have started a joint pilot project, car2go, to allow vehicles to drive themselves to a free parking space and return afterwards.
Pricing for the 2015 Alfa Romeo 4C Spider will start at $65,495, with U.S. sales of the hand-built convertible expected to begin in August, Fiat Chrysler Automobiles said today.
Pricing for the 2015 Alfa Romeo 4C Spider will start at $65,495, with U.S. sales of the hand-built convertible expected to begin in August, Fiat Chrysler Automobiles said today.
BMW Group continued its recent sales roll in May with deliveries up 5.9% year on year to 188,287, a record for that month.
Sumitomo Chemical says it will more than double its production capacity for lithium-ion secondary battery separators which are marketed under the Perviotm brand name.
Opinion
12 Jun, 2015
The growth of driverless cars doesn't mean the end of the motor industry, says columnist Mike Rutherford
Visteon has unveiled Sachin Lawande as president and CEO, effective June 29, succeeding Timothy Leuliette.
BMW brand's global sales rose 4 percent in May helped by strong demand in the U.S. and a continued recovery in Europe, the automaker said. The gains helped BMW brand overcome a 5.
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