The truck maker is concentrating output of current Daily models at Valladolid so it can more quickly adapt its Suzzara, Italy, plant to production of the next-generation Daily starting in second-half 2014....More
“We are still studying possible expansion, but for the next 2-year period the focus is on quality and brand improvement,” Hyundai spokesman Frank Ahrens says as analysts question why the auto maker is locking in supply when demand is high....More
The agreement will integrate 10 plants in India and six in Europe with a total of 10,000 employees and enable CIE to increase its annual sales by more than one-third, from €1.6 billion to €2.2 billion....More
The rules that will be enforced as of January 2014 will require front airbags and antilock braking systems on all new cars sold in the country, features that have been standard for years on autos in most industrialized nations....More
OEMs that ignore the government’s incentive programs do so at their own risk, says an executive from the association of vehicle importers. In practice, companies that do not adhere to the program will have their IPI tax hiked 30% on imports....More
Given that car ownership indicates high social status, it is a priority to buy a vehicle even for Brazilians with modest annual incomes as low as $15,000, industry experts say, which is why 150 different models are offered in the country....More
The Henry Ford in Dearborn, MI, hosted its fifth annual Maker Faire Detroit this past weekend in highlighting the importance of grassroots innovation and problem-solving. Some 400 creators participated in this year’s event, including 100 for the first time.
“What we are finding is manufacturers are not only bringing technology in faster than we thought they would, they are also bringing different technology to fruition than what we anticipated,” says the EPA’s Michael Olechiw....More
The earnings swoon also reflected difficulties in international markets, specifically South America, where economic headwinds are affecting sales, and in Europe, where GM continues to book losses as it restructures its business....More
Popularity of this new breed of vehicles is growing rapidly worldwide, and more automakers are beginning to test the U.S. market, where buyers are expected to migrate from small hatchbacks and sedans....More
“We must recognize that fully driverless cars require a great deal more comprehensive testing and development before they can be made commercially available in the U.K. – or anywhere in the world,” says a top insurance industry official....More
The Henry Ford in Dearborn will host this weekend’s celebration of creativity in parts of the museum and adjacent parking lot. The family-friendly festival is like a traveling circus, highlighting the works of local tinkerers at each stop....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.