After a post-recession earnings plunge, Toyota was able to lower its break-even point markedly, and it reorganized in ways meant to bolster the competitiveness of its products and improve overall quality....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 executive also shares news about GM’s progress rehabilitating its European operations, including the strategy for a depressed Russian market, and the automaker’s ambitions for the Cadillac brand...More
Supermodel Claudia Schiffer joins Opel management to unveil new Corsa, Adam S and a pair of diesel engines at the 2014 Paris auto show (See related story: Opel Marketing Chief Puts Brand in Beautiful Company).
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
Australia’s Industry Minister says that in light of plans by local automakers GM Holden, Ford and Toyota planning to cease manufacturing in Australia by the end of 2017, the government finds it appropriate to terminate the assistance program....More
“With very few jobs on the local landscape, we run the very big risk of a significant ‘brain drain’ as these (engineers) are forced to go overseas for work,” union official Sharelle Herrington says....More