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.
Improving purchasing procedures and the quality of parts sourced from Russian-owned suppliers, as well as increasing parts localization, are among the main tasks of the alliance’s partnership with AvtoVAZ.
“We believe that we do have technologies that can technically meet the targets but we must be able to commercially produce these vehicles and sell them to customers who want to keep returning to them,” says FCA’s Chris Cowland....More
The increased activity comes on the heels of GM’s decision last year to increase overall capital spending 20%, an outlay hike in new-product spending that puts it on par with other leading global OEMs....More
Favorable exchange rates, growing new-vehicle demand worldwide and some astute management moves play a role in the positive near-term outlook. Weaknesses? There are some, says CLSA’s Chris Richter....More
Ford’s current level of localization in Russia is estimated at 40%, and the automaker says it intends to raise that share to 83%-85% by 2019. That is significantly higher than the 60% target stipulated in an agreement with the government....More
Sergio Marchionne declines to reveal potential partners or whether he is in discussions with other OEMs, but says financial analysts must play role in promoting the need for industry consolidation....More
The in-vehicle experience continues to evolve rapidly, with both automakers and suppliers ramping up the rate of innovation. Here are a few thoughts on how we can bring a human touch to these connected features....More