Globalization

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  • Newswire

    Lotus' Parent Company Expanding Into China  

    Malaysian conglomerate DRB-HICOM's automotive subsidiaries Proton and Lotus will form a joint venture with Chinese automaker Goldstar to build, sell and provide after-sales service for Lotus cars in the country....More
  • Newswire

    Magna Selling Bulk of Interiors Business to Spanish Firm  

    Spain's Grupo Antolin is spending $525 million to purchase 36 manufacturing plants with 12,000 employees in Europe, North America and Asia from the Canadian parts maker....More
  • Newswire

    Newspaper Reports Toyota Moving Corolla Production to Mexico  

    The Globe and Mail newspaper in Toronto reports the world's biggest automaker will move Corolla production from two Ontario plants to a factory in Mexico to take advantage of lower costs....More
  • Newswire

    Toyota to Build $1 Billion Mexico Plant, Sources Say  

    The Japanese automaker's second plant in Mexico will create 2,400 jobs and have annual capacity of 200,000 cars, initially Corolla compacts, when it comes on line in 2019....More
  • Newswire

    Ford to gain control of Russia JV and provide finance  

    MOSCOW, April 10 (Reuters) - U.S. auto maker Ford Motor Co will take control of its Russian venture with Sollers and provide it with additional financial support, the Russian firm said on Friday. Ford is taking control in exchange for preferred shares in the Ford-Sollers venture, while its economic interest in the venture remains unchanged at 50 percent, Sollers said. The companies agreed the changes to the venture's shareholder structure on March 31, Sollers said, without providing any financial details of the transaction....More
  • Apr 8, 2015
    blog

    Volvo’s Decision to Build U.S. Plant a Head-Scratcher 1

    Volvo CEO Hakan Samuelsson says the company can’t become a true global automaker without an industrial presence in the U.S....More
  • Newswire

    Mercedes, Nissan Building on Pickup Partnership  

    The partnership now includes a Mercedes-Benz 1-ton pickup similar in some respects to the all-new Nissan NP300 truck....More
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