More in Globalization

  • Newswire

    Russia to Protect Foreign Automakers From Ruble Fluctuation  

    Industry sources tell a Russian newspaper the government will act to reduce the risk of ruble fluctuations to foreign automakers that have localized production in the country....More
  • Newswire

    UPDATE 2-Fiat Chrysler shares extend losses after CEO's consolidation call  

    (Adds details, Ford comments, analysts, updates shares) By Agnieszka Flak MILAN, April 30 (Reuters) - Milan-listed shares in Fiat Chrysler Automobiles (FCA) fell to a 10-week low on Thursday, a day after its chief executive called for large-scale industry consolidation. Sergio Marchionne on Wednesday renewed his plea for shrinking the number of players in the global auto sector to sustain the heavy capital investments needed to meet demands for cleaner, safer vehicles....More
  • Newswire

    Volvo, Chinese Parent Geely to Develop Small Car  

    Volvo President and CEO Hakan Samuelsson says the automaker will build a small car based on a common platform and engine technology co-developed with Geely at its Belgian factory....More
  • Newswire

    REFILE-PSA Peugeot Citroen CEO open to expand mini-car collaboration beyond Toyota  

    (Fixes spelling of CEO's name in second paragraph) By Norihiko Shirouzu SHANGHAI April 23 (Reuters) - French automaker PSA Peugeot Citroen is open to bringing in more partners to its existing collaboration with Toyota Motor Corp to share the cost of designing and manufacturing mini-cars, according to its chief executive....More
  • Newswire

    Peugeot, IBM Expanding Connected-Car Partnership  

    The automaker and the computer-services provider are extending by seven years their year-old agreement to develop connected-car services more advanced than current navigation and infotainment technology....More
  • Newswire

    Indian Automaker Preparing to Bid for Pininfarina  

    Sources say Mahindra & Mahindra intends to submit a formal bid for the Italian car-design studio in time for an April 29 shareholder meeting....More
  • Newswire

    Supplier Continental Steps Up China Investment  

    CEO Elmar Degenhart says the German supplier plans to invest about €1 billion in China to 2019, the same amount it invested from 2010-2014....More
  • Newswire

    Audi Positioned to Meet China Demand, Execs Say  

    The Volkswagen-owned brand's China president, Dietmar Voggenreiter, says the country's growing middle class is finding models such as its A4 and Q5 appealing and affordable....More
  • 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

    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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