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Supplier Consolidation Foreseen in ‘10 PDF Print E-mail
Monday, 16 November 2009
The auto supplier industry will see a wave of consolidations next year as federal bailouts for automakers and a recent uptick in sales provided only a temporary reprieve and simply postponed the inevitable, several executives told Reuters this week.
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Chrysler Purchasing Makeover PDF Print E-mail
Monday, 16 November 2009
Daniel Knott, Chrysler’s new purchasing chief, has set forth an aggressive plan for reducing purchasing costs through synergies with Fiat as the U.S. company unveiled their 5-year plan last week in Auburn Hills, Mich.
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VW-Porsche: World's Largest Automaker PDF Print E-mail
Monday, 16 November 2009
Volkswagen-Porsche have overtaken Toyota to become the world's largest car manufacturer as the German group benefits from state-backed stimulus packages around the globe.
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China Wants 10% World Auto, Parts Sales by ‘20 PDF Print E-mail
Monday, 16 November 2009
Total vehicle sales reached 1.23m units in October, up 72% from a year earlier and Rao Da, secretary-general of China Passenger Car Association says he expects full-year automobile sales to touch 13.5m with a year-on-year growth rate of 44%.
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Car Sales Up in Spain, France, Italy, UK PDF Print E-mail
Monday, 09 November 2009
New-car sales in Spain, France, Italy and UK rose sharply in October, helped by government subsidies for car buyers.
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Japan: H1 Production at 34-Year Low PDF Print E-mail
Monday, 09 November 2009
Japanese production of cars, trucks and buses from April to September plunged 33% year on year to 3.85 million units, a 34 year low, an industry body said Thursday.
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GM Shifts Opel Into Reverse PDF Print E-mail
Monday, 09 November 2009
General Motors have decided to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Magna International Inc. of Canada.
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Toyota Sunny on Surprising Q2 profit PDF Print E-mail
Monday, 09 November 2009
Toyota reported a surprise quarterly profit and slashed its annual loss forecast by more than half as sales and cost cutting beat its forecasts, putting it on track to follow Japanese rivals into the black next year.
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Russia’s AvtoVAZ on brink of bankruptcy PDF Print E-mail
Sunday, 18 October 2009
Russia's AvtoVAZ, the maker of Lada cars, is on the brink of bankruptcy, Sergei Stepashin, the head of State Audit Chamber told Reuters on Wednesday.
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Man Trucks to Partner with Sinotruck PDF Print E-mail
Sunday, 18 October 2009
Man, the world’s third-largest heavy truck manufacturer, has received clearance from Chinese authorities to form a partnership with Sinotruk, China’s market leader for such vehicles.
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China’s September Car Sales Rise 84% and VW beats 2008 record PDF Print E-mail
Sunday, 18 October 2009
China’s monthly passenger-car sales passed 1 million units for the first time, signaling that the government may ease stimulus measures in the world’s largest auto market so far this year.
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