Annual production capacity at Vsevolozhsk is 160,000 units, but Ford built just 30,000 cars there in 2014, laying off 700 employees as a consequence. Output for full-year 2015 is estimated at only 15,000 units....More
Combined with strong sales of the just-released Chevrolet Impala that is imported from parent General Motors’ Hamtramck, MI, plant in the U.S., GM Korea CEO Sergio Rocha is confident of capturing 10% of the Korean market this year....More
The combination of total LV inventory 3% above year-ago, and stocks of the strongest growing segment group increasing month-to-month, points to a fifth straight 17 million-plus SAAR in September....More
The automaker will suspend operations near the Chinese port of Tianjin through Sunday instead of Wednesday as originally planned, due to safety concerns following last week's deadly warehouse explosion....More
Toyota says it will halt operations through Wednesday at its plant in Tianjin, where more than 100 people died in a series of explosions last week. Volkswagen, Renault and Mitsubishi cars were damaged in the blasts and BMW diverted shipments of automobiles from Tianjin to Shanghai....More
Despite the current difficulties, negotiations are expected to continue. Legal action by the dealers likely would result in the termination of service contracts by GM, potentially exposing bigger retailers with large customer bases to further losses....More
Designed and engineered in Wolfsburg with input from U.S. staff, the Atlas evolved from VW’s 2013 CrossBlue concept and is starting to roll off the line in Chattanooga, TN. The automaker invested $900 million at the plant for the Atlas launch.