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.
Placed side-by-side, the new and old systems present a stunning visual. Despite a small increase in the displacement of the gasoline engine from 1.4L to 1.5L the overall package is reduced markedly in volume and has shed about 130 lbs....More
Industry Minister Ian Macfarlane says the program aims to identify new investment opportunities for Australian industry as it transitions from its traditional base to new, higher value-added and globally linked manufacturing....More
The operation has a lot on its plate, with five new manufacturing plants – and possibly a sixth – in the works, an aggressive new-model launch plan and a bullish short-term sales target for the Cadillac brand. And this with the market slowing overall....More