More in Globalization

  • 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
  • Newswire

    Faurecia, Dongfeng Form Chinese Car-Parts Production JV  

    French parts-maker Faurecia says it intends to sell components to Dongfeng and the Chinese automaker's automaking partners Peugeot, Nissan, Honda and Kia....More
  • Newswire

    Rupiah Down, Japan's Interest in Indonesia Production Up  

    With the weakening rupiah depressing imports, Japanese automakers instead are investing in local production in what has become Southeast Asia's biggest car market....More
  • Newswire

    Chinese Media Exposé Prompts JLR Recall of Land Rover SUVs  

    The recall of 36,451 Evoque SUVs from the 2014 and 2015 model years follows a request by a Chinese government watchdog agency and local media reports the luxury automaker used defective gearboxes....More
  • Newswire

    Renault Expanding Argentina Production  

    The French automaker will invest $100 million in its Santa Isabel plant to begin assembling Logan and Sandero models next year for sale in Europe under the entry-level Dacia brand....More
  • Newswire

    Kia Plans Expansion Into Mexican Market  

    The Korean automaker will begin selling Forte, Sorento and Sportage models in Mexico this summer ahead of next year's opening of its first assembly plant in the country....More
  • Newswire

    Affluent Koreans Aspire to Luxury Cars Niche Above German Brands  

    German brands such as Mercedes and BMW are too commonplace for wealthy, younger Koreans turning to even higher-end marques including Bentleys and Maseratis....More
  • Newswire

    BMW: Car Not Among Fruits of Discussions With Apple  

    The German automaker, denying a published report it is discussing developing or building a car with Apple, says the U.S. tech giant is just one of the companies with which it holds regular talks on topics such as connected vehicles....More
  • Newswire

    Continental Would Partner With Apple on Possible Car, CEO Says  

    Continental chief executive Elmar Degenhart says the German automotive supplier "would be interested" in collaborating with Apple should the U.S. tech juggernaut decide to build a vehicle....More
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