Daimler CEO Dieter Zetsche says the automaker is mulling additional capacity in Europe, while PSA Vice President Yann Vincent says PSA could benefit from expanding into emerging markets such as those in Eastern Europe.
Tofas, a joint venture between FCA and Turkish conglomerate Koc Holding, launched volume production of the new sedan in September. The car is sold as the Fiat Egea in Turkey, while FCA uses Fiat’s traditional Tipo model name for other markets.
Production of the SEAT Ateca already is under way. Skoda is manufacturing SEAT’s first CUV for the Spanish brand. A concept of the second new vehicle, Skoda’s first 7-seater SUV, will be shown in Geneva as the Skoda VisionS.
The talks reportedly have included scenarios ranging from Magna obtaining a minority stake in the VW plant, acquisition of individual departments or an outright sale to the contract assembler and automotive supplier.
“With the withdrawal of anti-government forces from key regions of Syria, Iran Khodro is now capable of restoring its sites in the war-torn country,” an executive with Iran’s leading vehicle manufacturer says.
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.