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....More
A $900 million expansion, raising cumulative investment at the facility to nearly $6 billion, will boost capacity once again to 350,000 units in 2015. And with it will be the addition of the new X4 reportedly due out in early 2014....More
For the third consecutive year in 2012, BMW’s Spartanburg plant led the U.S. auto industry in exports. The year’s total rose to $7.4 billion as an estimated 211,000 X3, X5, and X6 CUVs were shipped to 130 countries.
Domestic sales fell after the national consumption tax was increased April 1, but the decline was offset by brisk demand in North America and the effects of the weaker yen against the dollar, among other pluses....More
Dennis Williams does not seem convinced complete wage parity will occur, as he talks about “bridging” the gap between the two levels and stresses that the automakers must continue to be successful....More