Articles

  • China: Geely to invest Yuan 2bn to expand Lanzhou plant

    Geely Automobile Holdings plans to invest Yuan 2bn (US$292.96m) to increase production capacity at its plant in Lanzhou, in China’s Gansu Province. This investment will be made over the next three years. China Daily, citing company officials, says the expanded plan is expected to generate revenue of around Yuan 10bn.…

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    France: Renault to test EVs in Reunion

    Renault and several partners are preparing to launch a trial of electric vehicles on the island La Réunion, one of France’s overseas departments. The company and EDF, GBH (Groupe Bernard Hayot), Total Réunion, GE Money and the GERRI agency recently signed a letter of intent in a ceremony attended by

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    US: Chrysler names new advisor to the CEO

    Robert G Liberatore has accepted the role of interim advisor to Chrysler Group chief executive Sergio Marchionne, as which he will advise the company on external affairs issues. He retired from the US OEM in 2007, at which time he was serving as group vice president of Global External Affairs

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  • Thailand: Combined sales in 2009 down 10.8%

    New vehicle sales in Thailand dropped by 10.8% year-on-year to 548,871 units in 2009. At the end of the first half of the year, however, things looked much bleaker, when the year-on-year rate of decline was -28%. Data released by Toyota Motor Thailand, which compiles monthly sales data for the…

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    Japan: Scrappage scheme opens to US cars

    Following opposition from US companies and officials, the Japanese government has agreed to amend the rules of its scrappage incentive scheme to include a greater number of imports, reports Dow Jones. The scheme, like many others, offers discounts (¥250,000/ US$2,745) if an individual trades in an older car when purchasing

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  • Malaysia: Vehicle sales down 2% in 2009

    Data compiled by the Malaysian Automotive Association (MAA) reveals that the total industry volume (TIV) of new vehicles in the country fell by 2% in 2009 to 536,905 units, compared with 548,115 vehicles registered in 2008. MAA president Aishah Ahmad attributes this drop to the impact of the global economic…

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  • India: Fitch predicts 10-12% growth in 2010

    Global rating firm Fitch has predicted a growth rate in sales of 10-12% for the Indian automotive industry in 2010. However, increased competition is likely to pressurise OEMs’ margins, the firm says. “The number of new players, as well as the higher number of new product launches from existing players,…

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  • South Africa: Nissan Diesel plans African expansion

    Volvo Group subsidiary Nissan Diesel will back its South African unit, Nissan Diesel SA, to expand its operations in Africa. The company plans to increase its presence in Africa by entering a number of markets on the continent. Local newspaper Business Day, citing the new chief executive officer of Nissan…

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  • US: Suppliers/OEMs win shareholder awards

    In the annual PricewaterhouseCoopers/Automotive News Global Automotive Shareholder Value Awards, Dana Holding and Hyundai Mobis have secured top slots in the global automotive suppliers category. Dana Holding won the one-year performance award, with a return of 1,365% while Hyundai Mobis won the three-year award, with a return of 63.5%. In…

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  • UK: Peugeot to launch HDi 112 in 308 CC

    Peugeot has announced that its 308 CC will be the first model in the Peugeot UK range to offer a new 1.6-litre HDi FAP 112bhp (84kW) diesel engine. The new diesel meets Euro 5 emission standards and boasts improved fuel consumption (53.3mpg combined) and lower CO2 emissions (138g/km) compared to

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  • US: Telematics poised for growth in truck sector

    At a panel discussion on trucking technology at the Heavy Duty Dialogue ’10 event in Las Vegas, a number of analysts have agreed that while the past decade served mainly as an R&D period for advanced truck technologies, the next ten years should prove to be a period when telematic

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  • Germany: Schaeffler to adopt new corporate structure

    The Schaeffler Group is poised to reorganise its German manufacturing business in a step toward allowing outsiders to invest in the company. According to a Bloomberg report, a new corporate structure for the Schaeffler KG auto- and aerospace-component and machinery unit takes effect on 1 February 2010 when the division

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  • India: Renault-Nissan JV confirms volume build in May

    The Renault Nissan Automobile India joint venture has completed its first production trial, manufacturing more than 30 units of its compact car, and has confirmed the start of volume production in May 2010. “The result of the first production trial is good. We will start rolling out the cars in…

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