Power steering specialist China Automotive Systems' (CAAS) subsidiary Great Genesis Holdings is forming a joint venture (JV) with Beijing Automobile Industrial Holdings subsidiary, Beijing Hainachuan Auto Parts. The JV, Beijing Hailong Automotive System, will design, develop and manufacture hydraulic and electric power steering systems and parts for Beijing Auto.
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A top automotive analyst has said she was not surprised General Motors had opted to retain Ed Whiteacre in the combined roles of chairman and CEO, although more middle managerial changes were expected.
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TORONTO, - Toyota and Ford top the list of leading automotive manufacturers that Canadian consumers see as being best positioned to offer vehicles with advanced fuel technologies, such as hybrid and bio-fuel powered vehicles.
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TORONTO, - Toyota and Ford top the list of leading automotive manufacturers that Canadian consumers see as being best positioned to offer vehicles with advanced fuel technologies, such as hybrid and bio-fuel powered vehicles.
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TORONTO, - Toyota and Ford top the list of leading automotive manufacturers that Canadian consumers see as being best positioned to offer vehicles with advanced fuel technologies, such as hybrid and bio-fuel powered vehicles.
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Fiat's automotive division achieved revenues of EUR26.3billion in 2009, 2.4% below 2008's level, on a total of 2,150,700 cars and light commercial vehicles delivered. Fiat also warned that the removal of incentives in Europe could hit it particularly hard.
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With the automotive world gone "crossover" mad, the Dodge Nitro is becoming one of those endangered species -- an honest-to-goodness 4WD SUV.
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To be completely frank, I was excited to come to Georgia to see the shiny new Kia plant that is manufacturing the 2011 Sorento-- Georgia itself was incidental. The tour of KMMG was awesome-- yellow robotic arms working in a poetic rhythm with errant sparks flying into the cluster of automotive journalists who gazed on with childlike wonder (well at least this journalist felt like a 7 year old on a class field-trip!). It was truly a sight to behold. But there was something else going on in that factory, and honestly, I know I will not and cannot do it justice with my words.
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Japan's scrappage scheme has given its domestic market a massive boost - particularly with its extension to September this year - but the automotive sector must brace itself for a fall once the incentive ends.
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Power steering components and systems supplier China Automotive Systems (CAAS) on Friday announced it had begun shipments to its first global OEM customer, Chrysler Group.
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The Malaysian Automotive Association (MAA) expects Malaysia's vehicle market to grow 2.4% to 550,000 units in 2010 due to an improved economic outlook.
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European trade policy should ensure Asian automotive competitors did not enjoy overwhelming advantages with the European Commission (EC) providing industry support, said German Automotive Industry Association (VDA) president Matthias Wissmann.
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The chief executive of Indonesia's top automotive distributor, Astra International, died on Wednesday, a company official said.
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Consumer durables giant Panasonic has said it is targeting new business in India's automotive sector.
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Don Newton, Group Technical Director for Axeon, has been appointed to the UK Automotive Technology Council. The council will comprise industry experts and will feed into the Automotive Council chaired by Lord Mandelson and Richard Parry-Jones.
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US retail dealer group Sonic Automotive on Tuesday said it had arranged new syndicated credit facilities with various financial institutions which mature in August 2012. It also agreed new floorplan arrangements with several manufacturer-affiliated finance companies for floorplan financing of both new and used vehicles. These new deals replace the current facility scheduled to mature next month.
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New American carmaker Fisker Automotive has secured access
to an additional $115.3 million in private equity funding to develop plug-in hybrid
cars.
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