Peter Homola


Based in Austria, Peter covers Eastern European auto makers and markets.

Renault Looks to Grow Automotive Presence in Iran
‟Our ambition is to be the third-largest car manufacturer in Iran,” Renault executive Bernard Cambier says after the automaker signs a joint-venture production agreement with the state-owned Industrial Development & Renovation Organization.
Magna Steyr Mulls Plant in Slovenia
Talks are under way with representatives of local communities and the Economy Ministry, with a decision expected before year’s end, Slovenian daily Večer reports.
GM Launches Output of New-Gen Holden Astra in Poland
The first car to roll out is a red Holden Astra powered by a 150-hp, 1.4L turbocharged 4-cyl. that will be delivered to a customer in Australia.
Moscow Auto Show in Crisis Mode
The show comes with 7-month sales running 14.4% below the country’s already-depressed rate and well behind its best-ever full-year result of 2.9 million sales in 2012, when the economy was healthier and Western economic sanctions had not taken effect.
2016 Moscow Auto Show
The Russian auto industry is struggling, but many automakers are participating in this year's Moscow Auto Show, including AvtoVAZ (with its Lada brand), Hyundai, Ravon and Chinese manufacturers Geely, Changan, FAW and Dongfeng.
German Luxury Brands Investing in Eastern Europe 1
Daimler is particularly active in expanding its manufacturing footprint in the region. The company last month announced plans to build a second plant at its site in Kecskemet, Hungary, for the production of front- and rear-wheel-drive cars.
Skoda to Decide Next Year on Possible U.S. Entry 1
Skoda’s “Strategy 2025” plan calls for it to sell cars in 120 markets, up from 102 today.
Nissan Launches Low-Cost Datsun Brand in Middle East
The Datsun on-DO sedan and mi-DO hatchback, two models based on the Lada Granta and Kalina and manufactured by Nissan’s Russian partner AvtoVAZ, are available as the brand returns to Lebanon after 49 years.
Jaguar Land Rover Confirms Slovak Plant, Despite Brexit
In the project’s first stage, the automaker plans to install capacity for 150,000 vehicles annually and create up to 2,800 jobs.
VW to Hike Production of First-Gen Tiguan
Original plans called for output of about 2,500 first-generation Tiguans per month.
FCA Offers Voluntary Exit Package to Serbian Workers
Employees who take the buyout will get a half-year’s pay for each year of service, plus additional benefits. The automaker wants to cut 30% of its Serbian workforce.
Austrian Sports Car to Be Instant Rarity in U.S.
KTM CEO Stefan Pierer says the automaker expects to sell about 15 cars in the U.S. in 2017 and reach annual sales of 30 to 40 vehicles in the future. Last year KTM manufactured some 80 sports cars.
PSA to Hike Car Builds, Add Engine Output in Slovakia
The facility, which makes Peugeot 208 hatchbacks and Citroen C3 Picasso microvans, launches output of a third model in the second half of this year. What PSA calls a ‟B Mainstreamˮ car is the successor to the Citroen C3 now built at Poissy, France.
Magna Steyr May Build Sports Cars for BMW, Toyota
A newspaper reports Magna Steyr is expected to launch production of a BMW sports car that will succeed the Z4, in 2018, with a Toyota model to follow some months later. Plans call for combined production of at least 60,000 vehicles per year.
PSA Sheds Some Eastern European Import Distribution
In February, Emil Frey Group took over PSA’s import subsidiaries for Peugeot, Citroen and DS vehicles in Hungary, Croatia and Slovenia. The Swiss car importer and retailer added Czech Republic and Slovakia to its portfolio this month.

Mar 8, 2018

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More


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