The supplier has a Puebla plant already supplying dry clutches for DCTs to Ford. The new facility will manufacture torque converters for North America. “It’s a good problem that we have to increase capacity,” an executive says....More
The outlay includes $600 million for facility upgrades, including a new paint shop, at the automaker’s Flint, MI, assembly plant, and $121 million to build a logistics center at its Detroit-Hamtramck site....More
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
Lexus’ new coupe, the RC, arrives with an angry double-trapezoid face, taut sheet metal, excellent chassis dynamics, bold colors and an excellent 467-hp V-8 that loves track day. This car is not a real-estate agent’s safe choice....More