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  • Newswire

    REFILE-UPDATE 2-VW extends China JV by 25 years to tighten market grip  

    (Changes second reference to Li Keqiang in penultimate paragraph to Li from Keqiang to use family name) * VW-FAW joint venture extended until 2041 - VW * Enhancing Chinese JVs "a must" for VW - analyst * VW also seeking possible increase in FAW Group stake * VW 9-month group sales in China up 15 pct to 2.72 mln cars By Andreas Cremer and Jan Schwartz...More
  • Newswire

    UPDATE 2-Daimler, Renault-Nissan extend manufacturing alliance  

    * Alliance struck in 2010 has ballooned * The carmakers share engines and factories * Cost savings in excess of 2 billion euros (Adds additional comments from Renault, Daimler CEO's) By Edward Taylor and Gilles Guillaume PARIS, Oct 3 (Reuters) - Daimler and Renault-Nissan are extending a manufacturing alliance, the two carmakers said on Friday, adding that there were no limits to how the cooperation could evolve....More
  • Newswire

    Daimler Says China to Keep Leading Near-Term Growth  

    Daimler's head of Mercedes car sales, Ola Kaellenius, says China will remain the automaker's "most important growth market over the next five years."...More
  • Newswire

    French Automaker PSA Open to Partnerships, CEO Says  

    Chief Executive Carlos Tavares says the automaker will consider potential partnerships, but only after it completes what he estimates will be two to three more years of restructuring....More
  • Newswire

    Panasonic Buying 49% Stake in Spanish Auto Parts Maker  

    The Japanese electronics giant says its "capital and business alliance" with Ficosa International will allow the companies to jointy develop high-tech automotive mirrors designed to enhance safety....More
  • Newswire

    BMW Extending Automated Driving Research to China  

    The German automaker, which has extensively tested vehicles capable of highly automated driving in Germany, says it will team with local Internet provider Baidu to expand the research effort into China....More
  • Newswire

    Sources Say Panasonic May Invest in Auto-Parts Maker Ficosa  

    The Japanese electronics and consumer-goods giant reportedly may purchase a near-50% stake in the Spanish company, which specializes in driver-assistance systems....More
  • Newswire

    Auto Parts Maker Magna Opening Two New India Plants  

    The Canadian parts maker and contract manufacturer says one plant will produce seating systems for a leading automaker, and the other will build vehicle body and chassis for several customers....More
  • Newswire

    Nissan to Build, Sell Infiniti Luxury Models in China  

    Nissan has formed a 50-50 joint venture with Dongfeng Motor to build two Infiniti models at its existing plant in China starting in November....More
  • Newswire

    Hyundai Reportedly Plans Additional Plant in China  

    The Korean automaker's Chinese joint venture plans to build a factory in Hebei province ahead of the previously announced Chongqing facility, sources familiar with the issue say....More
  • Newswire

    Ford India Launching 4 New Car Models By Early 2016  

    The automaker's sales in India rose 9.5% in the fiscal year that ended March 31, but acknowledges it will fall short of its goal of launching eight new models in India by the end of 2015....More
  • Newswire

    Mitsubishi May Develop Indonesia Auto Plant  

    Mitsubishi Motors, of which trading house Mitsubishi Corp. owns a 10.1% share, said earlier it might build a new plant in Indonesia, which is courting investment by foreign manufacturers....More
  • Newswire

    GM's China JV Recalls Cadillacs Over Brake Issue  

    Shanghai General Motors is recalling 38,328 Cadillac sedans sold in China to correct potential problems with the brake-control software....More
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