Sevel Sur is considered one of the industry’s most profitable JVs, but the Fiat-PSA Peugeot Citroen collaboration faces stepped-up competition from automakers including Opel, Mercedes, Renault and Volkswagen....More
The government likely will approve details of investment plans by the 10 automakers signed up for the second phase of the eco-car scheme sometime this year. The 10 projects are set to produce 1.58 million eco-cars....More
The aim is to create a green grid at the automaker’s Burnaston plant, showing how a working industrial site successfully can support biodiversity and secure a green legacy without compromising the cost or efficiency of its core business....More
Mercedes-Benz launched its first and only U.S. vehicle assembly plant in 1995. Officially known as Mercedes-Benz U.S. International, MBUSI has solely produced SUVs and CUVs for North America and export markets until production of the C-Class luxury sedan began in June.
After losing more than €7.3 billion in the last two years of a prolonged European slump, Peugeot has pledged to slash model lineups and costs in pursuit of a 2% operating margin for 2018, rising to 5% by 2023....More
The country is enjoying an export surge, largely attributable to higher manufacturing volumes and the shift toward building higher-quality models that’s doubled the average wholesale value of a car from £10,200 to £20,640 over the past decade....More
The U.S. carmaker said on Tuesday management and workers had agreed to scrap costly night shifts, increase flexibility on working hours and reassign work from suppliers to Ford, delivering total savings it estimated at $400 million between 2017 and 2021....More