VW Group plans to cut costs at its namesake brand by 5 billion euros ($6.8 billion) by 2017 as it seeks to lift sagging profitability after efficiency gains have failed to keep pace with rising labor costs.
VW plans to cut costs at its namesake brand by 5 billion euros ($6.8 billion) by 2017 as it seeks to lift sagging profitability after efficiency gains have failed to keep pace with rising labor costs.
Volkswagen plans to spend INR15bn (US$249m) in India over the next 5-6 years, to expand capacity at its Chakhan plant in Pune, according to local reports.
Industrias, Mexico's biggest maker of specialized steel used in car engines, is missing out on a surge in automobile production as competitors' increased output has lowered prices.
First Automotive Works (FAW) has opened its ZAR600m (US$56m) assembly plant in Zone 2 of the Coega Development's Industrial Development Zone in South Africa.
BMW and Daimler have entered into an agreement to develop wireless charging systems for their electric cars.
Subaru plans to expand its hybrid vehicle range and develop an electric car.
News
15 Jul, 2014
Toyota's plug-in hybrid Prius sets a new Nurburgring lap record for the most fuel efficient lap, managing 698mpg
Is ZF Friedrichshafen's mooted takeover of TRW Automotive a ploy to smooth the peaks and troughs of any future recession?
News
15 Jul, 2014
A prototype for the Mercedes ML Coupe, the brand’s answer to the BMW X6, has been spied testing in the USA
Prime Minister Dmitry Medvedev has ordered a ban on Russian state and municipal purchases of foreign-manufactured cars to support local producers.
Opel has started a major construction project at its Rüsselsheim headquarters, allocating EUR210m (US$285.89m) to construct a complex of buildings - the tallest seven stories high - on the south-west sector of the International Technical Development Centre (ITDC) premises.
Honda has started Acura TLX production at its Marysville plant in Ohio ahead of first US sales in August. The model replaces the TL and TSX and now over 90% of Acura vehicles sold in America are produced there.
South Africa's steel and engineering employers group withdrew a "final" wage offer made to the striking NUMSA union. The strike has affected production at Ford, Toyota and GM.
China's State Council executive meeting has decided that three types of 'new energy vehicles' (NEVs) - electric vehicles, plug-in hybrids and fuel-cell powered cars - will be exempt from vehicle purchase tax from 1 September 2014 to the end of 2017.
Porsche plans to consolidate production of its Boxster and Cayman sports cars at its main plant in Zuffenhausen, near Stuttgart.
GM in the US has recalled 28,789 model year 2004-2011 Saab 9-3 convertible vehicles manufactured 30 July 2003 to 15 February 2011.
Hyundai in the US has recalled 2,138 model year 2015 Sonata vehicles manufactured between 2 May and 23 May this year because a poor connection within the vehicle's wiring harness may result in a reduction of steering assist from the vehicle's motor driven power steering system or the inability to move the vehicle's shifter from the Park position.
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