Auto News 5

Volvo Cars has announced it is seeking to raise EUR500m from a bond issue, its first entry into the global corporate bond markets in its 89 year history. The Geely-owned company is starting a roadshow for potential investors this week.

Higher prices for vehicles in South Africa caused by the weak rand, along with higher interest rates, are continuing to dent the country's vehicle market. On the upside, the soft currency means export prospects appear bright.

Automobile Dacia booked record turnover of over EUR 4.3bn last year, up 1.76% year on year, as net profit rose 20% to almost EUR100m.

Dana says it is to open a new axle manufacturing facility in Toledo, Ohio, with the site previously home to Willys-Overland Motors, which developed the original Jeep and located less than three miles from FCA's US Assembly Complex. 

Volkswagen AG is closing in on a fix for 3.0-liter diesel-powered vehicles in the U.S. that would resolve part of its emissions-cheating scandal and reduce the risk of an expensive buyback program, people familiar with the matter said.

Kobe Steel announced it would manufacture and sell aluminium extrusions for the automotive sector in the US. The new business will operate through a company called Kobelco Aluminium Products and Extrusions (KPEX) in Bowling Green, Kentucky.

Tata Motors' Jaguar Land Rover has reported record April retail sales.

General Motors and its joint ventures delivered 277,979 vehicles in China in April, an increase of 7.5% from the same month last year.

Fiat Chrysler Autos' Windsor Assembly plant (WAP) in Ontario, Canada, has built over 10m of the 4.3m Chrysler minivans sold to date. The plant is now building the sixth generation family hauler, the Chrysler Pacifica. Of the US$2.6bn spent to develop the model, $744m (over CDN$1bn) was allocated to the Windsor plant to add "modest footprint additions to complement the company's product quality initiatives, such as the addition of a component, or metro-logy, centre and complete technical vehicle validation (CTVV), as well as upgrade equipment and processes".

Volkswagen investor Qatar will nominate former IT minister Hessa Al-Jaber to represent the emirate on VW's supervisory board, Reuters reported, allowing the carmaker to fulfil legal quotas for women ahead of a key shareholder meeting.

Volkswagen investor Qatar will nominate former IT minister Hessa Al-Jaber to represent the emirate on VW's supervisory board, allowing the carmaker to fulfil legal quotas for women ahead of a key shareholder meeting.

Support from shareholders may be crucial to Mitsubishi Motors' weathering a scandal that could result in the company having to compensate customers, Japan's government and minicar partner Nissan Motor Co.

Renault's sales in India more than doubled last month on demand for its locally built Kwid small crossover. Overall, deliveries of passenger vehicles and vans, climbed 11 percent.

News 10 May, 2016

Audi marks motorsport success with R8 V10 Selection 24h special edition. Only 24 to be built.

News 11 May, 2016

We exclusively reveal regional variations in the chances of a speeding ticket U-turn

News 10 May, 2016

Only 500 examples of the DS 3 Givenchy Le MakeUp will be produced, featuring a bespoke makeup kit

FAW-Volkswagen Automotive Company announced it would build a fifth vehicle factory, in the port city of Tianjin, as it looks to increase its exposure to growing demand in the world's largest vehicle market.