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Federal-Mogul Eyes More Acquisitions PDF Print E-mail
Monday, 07 December 2009
Federal-Mogul's President has told just-auto he foresees acquisition opportunities for his company in the next twelve months amid further supplier sector restructuring.
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China Export Strategy For 20% Growth PDF Print E-mail
Monday, 07 December 2009
The Chinese government has outlined its auto export strategy for maintaining steady growth in the auto export industry. It is expected to achieve an annual 10 percent growth from 2009 to 2010 and a 20 percent growth in 2015
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Fritz Henderson Resigns as GM CEO PDF Print E-mail
Monday, 07 December 2009
Fritz Henderson, CEO of General Motors since March, resigned last week.
GM Chairman Edward Whitacre will succeed Henderson as a stopgap while a search for a new president
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Third Hyundai Plant in China PDF Print E-mail
Monday, 07 December 2009
Hyundai plan to build a third plant in China to meet demand in the world's largest automobile market, Xinhua News reported today. The US$800m project will be built in Beijing, where the Korean company have a Chinese venture
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Opel Production Up 77% On Strength of Astra PDF Print E-mail
Monday, 30 November 2009
The big European production winner in October was Opel/Vauxhall. Led by a strong increase in Astra output, Opel/Vauxhall's production rose 77 percent to 87,246 units,
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VW to triple South China sales by 2018 PDF Print E-mail
Monday, 30 November 2009
Volkswagen plans to more than triple its sales in south China by 2018 as a main driver for its strategy to double sales to 2 million units in the country by that time, its China chief said on Sunday.
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Hyundai, Kia 2010 Sales Up 16% PDF Print E-mail
Monday, 30 November 2009
Hundai and affiliate Kia have set their combined 2010 sales target at 5.39 million vehicles, up 16% from the estimated sales this year, Maeil Business Newspaper reported.
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Europe: Light vehicle production forecast to grow 3% in 2010 PDF Print E-mail
Monday, 30 November 2009
Analysts at JD Power say that after a year that has seen unprecedented destocking by manufacturers, the outlook for European light vehicle production is forecast to turn positive
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PSA Workforce Must Shrink: Varin PDF Print E-mail
Monday, 23 November 2009
PSA Peugeot Citroën’s chairman Philippe Varin says the automaker must axe 6,000 jobs in France—10% of their local workforce—between now and 2012 in order to boost productivity by 20%.
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3Q Results Analysis PDF Print E-mail
Monday, 23 November 2009
Suppliers continue to see large falls in sales from the previous year, but certain suppliers start to reap the benefits of restructuring.
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ACEA: Passenger Car Sales Up 11% PDF Print E-mail
Monday, 23 November 2009
European passenger car sales rose 11% in October, with a marked contrast between Western European markets, which grew strongly, and Eastern European markets which tumbled, industry association ACEA said on Monday.
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