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.
Exports have been mentioned before as a way to help improve Opel’s precarious near-term fortunes, and now one of Germany’s state-level Prime Ministers is throwing his support behind the export plan.
With a rising yen and forecasted sales of 200,000 units, Toyota is looking to kick Prius production into high gear on North American shores.
With a meeting for Volkswagen’s supervisory board looming on Wednesday, a decision regarding Audi’s newest North American factory will likely be made. Two choices are available, but the key word seems to be North America.
Hyundai’s sister company Kia might want to use some of those hypnotic powers to get badly needed parts. Kia’s U.S. plant in Georgia has been shut down, following a fire at parts supplier Daehan Solution. The West Point, GA, factory makes the Optima sedan, the Sorento SUV, and Hyundai’s Santa Fe SUV. (Read More…)
Volvo has had a big news day today, with reports of a major celebrity endorsement for China, a new design department head in Sweden and a possible plant for North America.
While Honda and Mazda are just getting their respective footholds in Mexico (the two automakers are opening up respective assembly plants in Mexico), Nissan has had a long presence south of the border, building cars at its Augascalientes, Mexico plant for decades.
I didn’t drive the Bugatti Veyron, but here you are reading my review. So how exactly did an automotive journalist with zero manufacturer connections, and no income (at the time) aside from menial paychecks as a drum instructor get the nerve to write a Veyron review?
“SOLD…to the gentleman by the staircase!” bellowed the auctioneer, before everyone applauded the winner of the night’s ultimate charity prize: a trip to Bugatti central for a factory tour and a full day of seat time in the Veyron. As I stood next my brother, who was still in shock from being that high bidder, I knew he’d once again give TTAC a taste of the high performance combined with the brilliantly decadent. But, over a year later, the good Dr. Mehta is still busy beating cancer into remission. And we’re running out of time before the Veyron slips into the history books.
Luckily, he was kind enough to being me along.