The government’s stimulus package is associated with discounts on the industrial-product tax that are based on auto makers’ purchases of domestically made components....More
The auto maker estimates it will take CMI administrators several days to stabilize the business and resume production, and it will be 24 hours after that before parts are available, which should be next Wednesday....More
Saab Automobile Parts signs an agreement allowing it the use of the bankrupt auto maker’s press and body-shop for the manufacture and assembly of body parts and components....More
CMI Industrial’s landlord has locked the plant in suburban Melbourne due to unpaid rent, and the company reportedly is rumored to be on the verge of bankruptcy....More
To prepare the 3.1 million-sq.-ft. facility for the next-generation CUV, the auto maker has invested $600 million to replace nearly all the aging equipment used to build the former body-on-frame Explorer SUV....More
The Korean automotive group currently is supplied with semiconductors from Infineon Technologies, which has facilities in Germany, Japan, Singapore and the U.S....More
The European Union is protesting Brazil’s hike in taxation of foreign-made components and Argentina’s requirement that auto-parts importers file a sworn declaration, including production information, to the country’s customs authority....More
Trevor Mann helped launch the Sunderland plant in 1985 as a team leader, prior to the start of Bluebird production. He was named a Commander of the Order of the British Empire in January....More
The auto maker says it has negotiated a A$275 million co-investment package with the Australian and South Australian governments that covers a 10-year vehicle-development and manufacturing program....More
Supporters of the anti-counterfeiting measure say it would protect auto makers’ intellectual-property rights, but critics contend the treaty violates legally protected freedom-of-speech principles....More
Levies on all classifications of cars are being increased, most notably on completely built-up luxury imports, which had been taxed at a cumulative 112% and now carry a 140% duty....More
With the supply chain returning to normal after last fall’s devastating floods, vehicle builds could reach 2 million units this year, followed in 2013 by up to 2.6 million – the industry’s current capacity....More
Navigation-system maker TomTom is offering downloads of celebrity voices (including some of these) to guide you on your route. Who would you like to have tell you where to go?
Auto companies sold 6.56 million vehicles worldwide in April, a 3.4% increase over same-month year-ago, raising total deliveries for the first four months of 2012 to 27.2 million units.
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