With the lifting of sanctions against Iran in exchange for curtailing its nuclear program, Chinese automakers will face more competition as other foreign companies step up production in the country, increase imports, or both.
JLR is expected to create up to 4,000 direct jobs at its Slovak plant. But its location within 100 miles of Volkswagen, PSA and Kia facilities has raised concerns the luxury automaker may have trouble finding enough qualified workers.
The contract assembler’s current portfolio at Graz includes the Mercedes-Benz G-Class, Mini Countryman and Paceman and Peugeot RCZ. But of the four models, only G-Class production will continue after 2016.
During the official opening of the $100 million government-run assembly plant in Al Iskandria in March, guests could see a small exhibit of cars, including a Chevrolet Malibu, with a legend that suggested plans for local assembly.
Between its Renault and Dacia brands, Renault Group was the largest player in Algeria in 2013 with 111,378 deliveries and 26.2% market share. The French automaker also is the first company to manufacture cars in the country.
Renault and Fiat are seeking more details about managing production, MosAvtoZil’s level of investment and the transfer price, or how much the French and Italian automakers would pay to buy back vehicles made by the Russian JV.
Last year, Hyundai was the first automaker in the world to sell a vehicle powered by a hydrogen fuel cell. Hyundai Vice Chairman Woong-chul Yang makes it clear the automaker plans to be a trailblazer in hybrids as well as fuel cells....More
New-car sales in China are expected to grow at least 5% this year. But margins on those sales, already small, have vanished for many dealers. Retailers now are looking to look to areas such as finance and insurance and used-car sales for profits....More