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.
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.
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.
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