Volkswagen plans to boost its ailing Spanish unit by by expanding its model range and growing outside its domestic market in a move chief executive officer James Muir described as "the last attempt for Seat as a brand".
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Seat, Volkswagen AG's most unprofitable unit, aims to stem losses within five years and halt a flight of customers to rivals by expanding its model range and growing outside its Spanish home market.
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Ford is to build its first hybrid models for Europe at its Valencia plant with investment of up to US$36m partly funded by the Spanish government. The factory will also build the seven-seat C-Max minivan for North America, the automaker confirmed on Monday.
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Johnson Controls Inc., which makes automotive seats and interiors, will buy a 5 percent stake in Tachi-S Co., a Japanese automotive seating company. Johnson Controls will become the Tokyo companyand#8217;s largest single shareholder.
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Daimler Vans USA is expanding its Sprinter model line with the addition of a passenger van that seats up to 16 people. The van is designed for hotel shuttle service, paratransit and other applications.
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VW’s handsome coupe gains extra kit and another seat
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First spy shots of Vauxhall's all-new seven seater family car
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First spy shots of Vauxhall's all-new seven seater family car
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A four-seat Smart car developed jointly by the Daimler-Renault-Nissan alliance is likely to be sold in the United States, said Daimler CEO Dieter Zetsche.
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Magna International Inc. is teaming up with Hollingsworth Logistics Group LLC to create a joint venture to supply seats to Volkswagen AG’s new auto assembly plant in Chattanooga, Tennessee. Full story…