Daimler and Nissan have agreed to a joint-venture that will see front-drive Infiniti and Mercedes models built at a Nissan plant in Aguascalientes, Mexico.
A brief memo from General Motors Canada confirmed that the Oshawa consolidated line, scheduled to close in 2014, will stay open until 2016. GM is citing strong market demand for the Chevrolet Equinox and the outgoing, Chevrolet Impala (sold as a fleet-only model) as a reason for the decision, but cautioned that ” All scheduling adjustments are subject to market demand”.
Under the terms of the bailout, GM must keep 16 percent of its production in Canada until it has repaid its loan obligations to the Canadian government, or until December 31, 2016. After that date, the future of Oshawa is uncertain.
After years of rumors and speculations of the will they/won’t they variety, a brand-new Saab 9-3 has – finally! – managed to roll down the assembly line! Don’t be fooled by the fact that this new Saab looks just like the 2009 models the company was building when it was spun off from GM’s bankruptcy, however. This car features all-new components designed by Saab engineers and manufactured in Trollhättan, Sweden.
Honda is making a big bet on CVT transmissions, with a $470 million assembly plant that will crank out as many as 750,000 CVTs and employ 1,500 people.
A weakening yen and a rebounding economy have occurred just in time for Honda. The auto maker is opening its first new Japanese plant in 49 years, bucking a trend by Japanese auto makers of opening new plants in every locale but Japan.
Earlier this year, Subaru was denied approval for a new factory by the Chinese government. The rationale behind the move was that Fuji Heavy, parent company of Subaru, and Toyota, were already too cozy, and that a Subaru factory would give Toyota one too many joint ventures in China. And then the boycott happened.
Anemic demand is causing Volvo to shut down their main Swedish factory for one week, starting October 29th.
More bad news from PSA – production of the brand-new Peugeot 208 subcompact will be cut by one third, as PSA grapples with an imploding market for small cars in Europe.
It’s been a long time coming, but PSA has finally done it; the parent company of Peugeot and Citroen is cutting 8,000 jobs and closing an assembly plant outside Paris, as the carmaker tries to cope with a sagging market and excess capacity.