Yamanouchi: Mazda's Mexico Factory Key To Global Strategy
Mazda Chairman Takashi Yamanouchi opened his company’s sole North American factory in Salamanca, Mexico, proclaiming the new factory the key to a global strategy “upon which the very future of [the] company hinges.”
Corker: Labor Board Should Not Silence Lawmakers
Former Chattanooga, Tenn. mayor and current United States Senator Bob Corker urged the National Labor Relations Board not to silence him or fellow lawmakers opposed to unionization as the NLRB considers an appeal by the United Auto Workers over the results of the three-day election recently held at Volkswagen’s plant in Chattanooga.
Tesla Unveils $5 Billion Gigafactory
After months of speculation, Tesla drew back the curtain on their most ambitious project to date, the Gigafactory.
Hyundai To Challenge BMW, Mercedes With Genesis Sedan In Europe
Set to be introduced to the European premium market at the Geneva Auto Show next week, the Hyundai Genesis will be aimed at establishing a foothold for the automaker in the market against BMW and Mercedes upon arrival in showrooms in June, particularly in Southern Europe, Slovakia and the Czech Republic.
Opel Adam Entering Chinese Market As A Buick
When the Opel Adam enters the Chinese auto market in 2015, it will do so with a Buick badge as General Motors’ first high-end city car.
Analysts: Peak Car To Arrive By 2020s
After a century of motoring, and with several factors rapidly changing the landscape, analysts are forecasting the peak of global automotive growth to come sometime in the 2020s.
Sonata Quality Issues Drag Down Hyundai, R&D President Returns
Just as J.D. Power ranks Hyundai fifth from dead last over quality issues regarding the 2011 Sonata, the automaker’s research and development president, Kwon Moon-sik, returns to the fold three months after quitting over a number of quality issues within the product line.
VW Chattanooga Workers File Against UAW Recount
Five workers at Volkswagen’s Chattanooga, Tenn. plant have filed a petition with the National Labor Relations Board against the United Auto Workers’ challenge to invalidate the outcome from this month’s three-day election, which saw the union fail to win the right to represent the plant’s workers in a close fight.
Panasonic, Partners Plan To Invest $1 Billion In Tesla Gigafactory
In the wake of Tesla shares hitting an all-time high of $259.20 after Morgan Stanley raised its target price to $320/share, battery maker Panasonic is gathering a few partners to go all in on a $1 billion investment in the automaker’s Gigafactory battery production plant.
VW Labor Leaders Fight To Establish U.S. Works Council
While the United Auto Workers take their battle to bring their brand of organization to Volkswagen’s plant in Chattanooga, Tenn. before the National Labor Relations Board, VW’s labor leaders are regrouping in their fight to establish a works council in the U.S. plant.
BASF Investing In EV Battery Market Despite Industry Setbacks
Though some electric vehicles have seen their share of woes, from fires in individual cars to bankruptcies filed by manufacturers, German chemical maker BASF is going in for the long game by investing in the EV battery market.
Only Select Fiat Dealers Will Get Alfa Romeo Franchises
Fiat Chrysler Automobiles is set to bring Alfa Romeo back into the United States market after a two-decade absence with the 4C, but only the best-performing Fiat dealerships will be selected to sell the first new Alfas when the lighweight $60,000 sports car rolls off the dock in June.
Ford Unveils 2015 Focus, 1-Liter 3-Pot Manual-Only For U.S.
Ahead of its world debut at the Mobile World Congress in Barcelona, Spain prior to making the rounds at the Geneva and New York auto shows next month, Ford has unveiled its redesigned 2015 Focus.
Renewable Energy To Power Tesla Gigafactory
Sometime this week, Tesla CEO Elon Musk will announce everything there is to know about the EV automaker’s Gigafactory, from location and price tag, to its heavy reliance on renewable energy sources.
UAW Files Rejection Of Chattanooga Election Results
The United Auto Workers union has filed an appeal this day with the National Labor Relations Board over the results of the three-day organization election at Volkwagen AG’s Chattanooga, Tenn. plant held last week, citing outside intimidation from anti-union groups and individuals.
China To Relax Restrictions On Foreign Joint Venture Ownerships
China’s Ministry of Industry and Information Technology, in line with President Xi Jinping’s desire for opening the domestic economy to private and foreign investors, plans to relax restrictions on foreign ownership of joint ventures with local automakers in the face of those warning such a move would be the beginning of the end of the Chinese local auto industry.
PSA-Dongfeng Deal Backed By EU, Skepticism Remains
The PSA Peugeot Citroen-Dongfeng-French government deal agreed upon by the three parties earlier this week received initial backing from the European Union, though skepticism remains as to whether the deal will bring stability to the ailing French automaker.
Toyota Australia Engine Plant Moving To Thailand After 2017
Sources close to Toyota say the engine plant in Altona, Australia will likely be relocated to Siam Toyota Manufacturing in Thailand once the automaker ceases Australian manufacturing operations in 2017.
Tavares-Led Peugeot Gains 5.27 Billion Euro Makeover
Former Renault executive and incoming PSA Peugeot Citroen CEO Carlos Tavares aims to use the 3 billion euro investment made in the three-way pact between the automaker, the French government and Dongfeng as part of a 5.27 billion euro makeover of the automaker’s line of vehicles over the long-term.
PSA-Donfeng Deal Injects New Capital, Extended Life Into Peugeot
The 3 billion euro ($4.1 billion USD) three-way deal between PSA Peugeot Citroen, Dongfeng and the French government, signed this week, is set to inject new capital and a much needed life extension for Peugeot, though at the expense of the Peugeot family ceding control after two centuries.
PSA-Dongfeng Deal Approved, Chairman Urged To Scrap Deal
The founding family behind PSA Peugeot Citroen has approved the 3 billion euro ($4.1 billion USD) deal between the French government and Chinese automaker Dongfeng just an industry analyst penned an open letter for PSA chairman Thierry Peugeot to reconsider before it becomes too late to turn back.
Birthwhistle: Mazda's SkyActiv Program Influences RWD Design In FWD Vehicles
As other manufacturers downsize their offerings to meet ever-increasing fuel economy milestones, Mazda’s SkyActiv program utilizes engine geometry to hit those marks, resulting in the automaker’s current offerings looking rear-wheel drive while feeling front-wheel drive.
UAW VW Road Map Guiding March To Mercedes-Benz
Following the same road map that led to the ongoing organization efforts at Volkswagen’s plant in Chattanooga, Tenn., the United Auto Workers have allied with German union IG Metall and Daimler’s works council on their march toward Mercedes-Benz’s MBUSI plant in Vance, Ala.
Farley: Ford's Global Growth Driven By Crossovers
Though the F-150 rules over Truck Mountain and North America with an aluminium fist, Ford marketing boss Jim Farley told reporters in a meeting that crossovers are driving his employer’s sales growth all over the globe.
Marichonne Still Seeking Location For New Minivans
Fiat Chrysler Automobiles NV boss Sergio Marichonne, in talks with federal and provincial governments in Canada for loans to help prepare their factories in Windsor and Brampton, Ontario for new vehicle production, may come to a decision about moving forward with plans for where new minivans will be built by the end of March 2014.
PSA Peugeot Citroen, Dongfeng, France Reach Outline Deal
PSA Peugeot Citroen, Dongfeng and the French government have reached an outline deal to raise $5.5 billion in capital through a planned share sale in a last-ditch effort by PSA to remain alive after General Motors walked out of a similar deal over the Iranian market last year.
Moody's Cuts Fiat's Rating Down Due To Earnings Worries, Outlook
Citing weak results in 2013 and guidance challenges for 2014, investment ratings agency Moody’s has cut Fiat’s rating from B3a to B1, four notches below investment grade.
Hyundai Ready To Add Capacity After Two-Year Break
After a two-year break in expansion mandated by Hyundai Motor Company Chairman Chung Mong-koo in order to avoid quality issues experienced by Toyota during their aggressive growing spurt in the 2000s, Hyundai and Kia are both looking through feasibilities studies to determine where to invest in expanding their manufacturing footprint.
Tennessee Lawmakers Threatening To Kill Subsidies If UAW Wins VW Plant
Should the United Auto Workers win the upcoming election to represent workers at Volkswagen’s Chatanooga, Tenn. plant, the automaker may find itself shunned by state lawmakers as far as further subsidies are concerned.
Toyota Shuttering Australian Factory By 2017, Local Industry Dead
Toyota announced Monday that as of 2017, the automaker will no longer manufacture any of their vehicles in Australia, driving in the final nail to the coffin containing the nation’s local automotive industry following similar announcements by Holden and Ford.
PSA Board Holding To Dongfeng, French Government Stock-Sale Plan
With PSA Peugeot Citroen’s supervisory board’s blessing, CEO Philippe Varin is continuing talks with partner Dongfeng regarding the stock sale to both the Chinese automaker and the French government.
Auto Sales In Turkey Fall 8 Percent In January
Vehicle sales in Turkey fell 8 percent in January to 32,670 vehicles from the previous high of 35,523 units in January 2013 according to national industry group Otomotiv Distribütörleri Derneği and Automotive News.
Europe's Role In Honda's R&D Gains Greater Influence
With the debut of the European developed and British-built Honda Civic Tourer in the middle of this month, a new era of greater influence from the contintent over the automaker’s R&D unit has begun.
Delphi Doubles Net Income In Q4 2013
In a statement made by Delphi Automotive this week, the supplier announced that they had more than doubled their net income in Q4 2013 to $298 million in comparison to $136 million in Q4 2012.
Audi Invests In Synthetic Gasoline From Sugar
Audi’s bio-fuel initiative is expanding into France through an investment by the automaker to Global Bioenergies, whose bio-isooctane could be the replacement for petroleum gasoline when the time comes to make the switch.
Nissan Outsold By Honda In Home, U.S. Markets
Though Nissan remains Japan’s second-biggest automaker with a wide gap ahead of Honda, the latter continues to outsell the former in the United States and at home, much to Nissan’s dismay
Renault Resumes Supply Shipments To Iranian Production Lines
After a six-month self-imposed hiatus, Renault has begun shipping “a very low volume” of parts overland to Iran for vehicle assembly.
Toyota Supplier Expects Chinese Sales To Double By 2018
Tsubakimoto Chain Co., a Toyota supplier, expects sales of their auto parts to factories in China to double within the next four years as automakers seek to diversify their supply chains.
One-Time Tax Gain Nets Chrysler $1.6 Billion In Q4 2013
The American half of the newly dubbed Fiat Chrysler Automobiles reported a net income of $1.6 billion in Q4 2013, the majority of which came from a one-time tax gain of $962 million.
European Auto Market Begins Climb Out Of Six-Year Descent
After six consecutive years of falling auto sales, the European automotive industry group ACEA predicts a 2 percent increase for 2014 as demand slowly works its way out of the wilderness, according to a report by Automotive News.
Geely, Volvo Planning Global Subcompact Platform
In an effort to sell their wares to Western markets, Geely and their subsidiary Volvo have teamed up to build a subcompact global car aimed at offerings from Ford, Honda et al.
Renault Eyeing Return To Iran When Sanctions Lift
For the past few months, sanctions against Iran for their nuclear ambitions have sidelined PSA and Renault from the Persian market. Behind the scenes, General Motors outmaneuvered PSA despite their one-time alliance allowing them to muscle their way into aan emerging market via loophole abuse and an unknown quantity of Camaros. With GM out of the way, however, PSA would now be free to regain their footing once sanctions were lifted.
PSA won’t be alone in the upcoming battle, of course, as their compatriots at Renault have plans to return to Iran to reclaim what was lost, and then some.
Toyota Remains No. 1, Outsells GM and Volkswagen in 2013
For the second consecutive year, Toyota is the No.1 automaker in the world, followed by General Motors and Volkswagen.
Honda, Nissan, Toyota Set Production Record Against Weakening Yen
As the yen weakened against the dollar for a second consecutive year, Honda, Nissan and Toyota all set production records in their North American plants in 2013, according to Automotive News.
Dr. Z Expects a Decade of Disappointment For Fuel Cell Technology
At a round-table discussion with reporters during last week’s Detroit Auto Show, Daimler CEO Dieter Zetsche proclaimed that any consumer wanting to be green with fuel cells had better be prepared for a decade of disappointment with the technology.
UAW Hopes For Swift Southern Unionization Victory 'Overly Optimistic'
Outgoing United Auto Workers president Bob King admitted that his timetable for a swift unionization of one of the auto plants in the Southeastern United States was overly optimistic.
BYD Coming to America in 2015
Backed by Warren Buffet and his investment company Berkshire Hathaway, Inc.,Automotive News is reporting that Chinese automaker BYD plans to deliver four models to the United States in late 2015.
Hyundai, Kia See Weakest Annual Sales Growth in a Decade
2014 may only be a day old, but it’s already shaping up to be a rough year for Hyundai and Kia as they prepare to increase global sales by just 4 percent this year, the lowest and bleakest forecast for the Korean duo since 2003.
Browning Out, Horn In As Head of VW of America
Volkswagen of America CEO and President Jonathan Browning has stepped down from his post, with Michael Horn set to assume the role once held by Browning beginning New Year’s Day 2014.
Double Safety Standards Abound in Latin America, Global Markets
Should you find yourself renting a Chevrolet Spark in Acapulco in the near future, beware: it won’t have the same safety features — as in none at all — as the Spark exported to your local dealership. In fact, unless a car or truck screwed together in Mexico is bound for the United States or Europe, only the bare minimum, if any, in safety features will be available to customers in Latin America shopping for base models.
Ford Expects SUVs, Crossovers to Drive Global Success
Is the future of motoring in the global marketplace in the good hands of the Golf, Forte and Fiesta? Not if you’re Ford’s vice president of Global Marketing, Jim Farley. In his mind, it’ll be a page from the 1991 Explorer’s successful playbook that will help his employer gain market and mind share the world over.
Tokyo Motor Show: Are The Japanese Really Back?
Three of the world’s most important auto shows began last week. Since my invitations to the various press events must have been lost in the mail I, like virtually everyone else in the world, followed them over the internet. I’m OK with that, really. I hate fighting the crowds and by the time a show closes high resolution photos of the most important cars are always all over the world-wide-web, anyhow. With the photos are the journalists’ impressions. Some are good and some are bad, but they all make me think. For example, there’s this article from the Top Gear website on the Tokyo motor show that asserts, on the strength of the cars at this year’s show, “Japan is back.” Hold on – Really?
Section 1201 and Automotive DRM: The Future is Locked
This is the Renault Zoe. It’s like most EVs on the road, with its limited range, limited power, and limited usability.
Unlike the other EVs, however, the Zoe comes with DRM attached to its battery pack. In short: If you value your ability to drive the Zoe at all, then you will submit to a rental contract with the pack’s manufacturer. Should you fail to pay the rent or your lease term expires, Renault can and will turn your Zoe into an expensive, useless paperweight by preventing the pack’s ability to be recharged, consequences be damned.
Skyline Sedan to Wear Infiniti Badge, Not Much Else
While Nissan plans to resurrect Datsun to battle Toyota’s scions in North America, the automaker is bringing Infiniti back home to Japan by delicately mounting its badge just so upon the grill of what will be the Skyline sedan. Just the badge, though.
Ford to Fight for the Heart of Middle East, Africa
From the Blade Runner future in Dubai to the shores of Tripoli, Ford aims to launch an aggressive campaign in the Middle East and Africa markets through the creation of a fifth business unit that will consolidate the Blue Oval’s operations in the two regions.
Iran's Imported Chevrolet Camaros Raise Questions About GM's Dealings With PSA And The Iranian Regime
An obscure story in the Azerbaijani press this past summer may be the tip of a much larger iceberg involving General Motors, PSA Peugeot Citroen and the Western World’s current bete noir: the Iranian regime currently embroiled at the heart of a controversial nuclear program, which is subject to economic sanctions by the United States government, including those that specifically target Iran’s automotive industry.
Citing reports from Iran’s Mehr news agency, an Azerbaijani news outlet reported that an unspecified number of brand new Chevrolet Camaro RS 2LT convertibles were imported by a division of Iranian conglomerate Iran Khodro. According to the report, the Camaros were sent from Miami to Paris, and then from Paris to Tehran via a Qatar Airways plane. The report also states that US Customs and Border Patrol documents list the final destination as the Aras Free Trade and Industrial Zone.
Toyota Teams With BMW to Deliver Ultimate Hybrid Supercar
When Toyota teamed with General Motors, they gave us the Vibe/Matrix twins. With Subaru, a trio of rear-driven sports cars with boxer power up front. So, what will Toyota deliver in its partnership with BMW? How about the ultimate hybrid supercar based off the bones of the Lexus LFA, for starters.
BMW Focused On I Subbrand Over Short-Term Monetary Gains
In lieu of short-term monetary gains over their competitors at Mercedes-Benz and Volkswagen (via Audi), BMW is spending its earnings on building up their i sub-brand through the city-focused i3 and the plug-in hybrid supercar i8.
Toyota Still No. 1 In Global Sales
Toyota remains the number one auto maker by volume, but the gap between it and its main rivals is closing quickly.
Kia K900 To Debut at LA Auto Show
Over a month ago, we brought you news on the upcoming arrival of Kia’s rear-driven K900 sometime in early 2014. If you can’t wait to see the car in the flesh, however, the car will make its debut in November during the Los Angeles Auto Show.
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