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.
Expanding transmission assembly in Romania is good news for Daimler’s 13-month-old plant in neighboring Hungary, which produces Mercedes B-Class cars and the new CLA. Sourcing from Romania shortens logistics distance....More
Given its recent history, it’s almost unimaginable that Mazda finds itself on track to report a ¥45 billion profit for the fiscal year ended March 31 and, if analysts are correct, set to double earnings for fiscal 2013 and possibly triple them in 2014....More
Fiat could use a quick infusion of cash to complete its takeover of Chrysler, observers have noted. However, CEO Sergio Marchionne may be more interested in selling parts arm Magneti Marelli than Alfa....More
The Spin faces a tough challenge as Chevrolet looks to carve out a place in the country’s B-size MPV sector, but the brand has been pitching into new segments over the last couple of years with success....More