Industry

GM Building Next Gen DS5 and 508 in Germany

GM Building Next Gen DS5 and 508 in Germany

It appears that General Motors plans to kill two birds with one stone by building future Peugeot-Citroën vehicles at its Rüsselsheim Opel factory. According to the Frankfurter Allgemeine Zeitung, GM has prepared a report that says it wil...
28.08.2012 | 6893 views | 0 comments
Ousted Lotus CEO Bahar Suing Company for £6.7 Million

Ousted Lotus CEO Bahar Suing Company for £6.7 Million

Former Lotus CEO Dany Bahar has filed a £6.7 million ($10 million) claim against Lotus's parent company DRB-HICOM for wrongful dismissal. DRB-HICOM announced the suit yesterday in a stock exchange filing, and Bahar filed the suit on...
28.08.2012 | 968 views | 0 comments
EU Auto Industry not Forecasted to Recover Until 2020

EU Auto Industry not Forecasted to Recover Until 2020

Business consultants AlixPartners have released a forecast of the European Automotive industry called the Global Automotive Outlook that predicts that things will not get better until 2020. The report cites high unemployment and the euro cris...
27.08.2012 | 747 views | 0 comments
Opel Cutting Production Through the End of the Year

Opel Cutting Production Through the End of the Year

Opel is cutting production at its Rüsselsheim and Kaiserslautern factories. This includes 50% of the 13,800 Rüsselsheim employees from both manufacturing and administration. Opel and the IG Metall union signed the agreement. The emp...
27.08.2012 | 741 views | 0 comments
Chinese Buyers Preferring Foreign Brands Over Domestics

Chinese Buyers Preferring Foreign Brands Over Domestics

It appears that one of China's main strategies for boosting its domestic auto industry is failing at least for now. Domestic market share for Chinese auto brands has dropped 25% in the past two years. China currently has 171 domestic auto bran...
24.08.2012 | 1126 views | 0 comments
Nissan Considering Adding Datsun to Africa

Nissan Considering Adding Datsun to Africa

The Nissan-Renault Alliance sees emerging markets as its future. It bought AvtoVAZ earlier this year and will use it and Dacia to expand into Russia. Renault is also working on a large factory in Tangier, Morocco, and considering a second in ...
23.08.2012 | 5450 views | 0 comments
The New VW Golf Is Heading For The Million

The New VW Golf Is Heading For The Million

If we can believe the market researchers at IHS, the new Volkswagen Golf is going to be an absolute bestseller, just as its predecessors. The new model debuts in September at the Paris Motor Show and reaches the markets in November. In a forec...
23.08.2012 | 7003 views | 0 comments
Melkus Dies a Second Death - Company Bankrupt

Melkus Dies a Second Death - Company Bankrupt

The history of auto racing behind the Iron Curtain during the Cold War is mostly unknown in the West, but it certainly happened. The best-known builder of racecars during the area is the German company Melkus. It built a two seat, gullwing raceca...
22.08.2012 | 3478 views | 0 comments
Italian Government Wants Assurances from Fiat Not to Close Factories

Italian Government Wants Assurances from Fiat Not to Close Factories

The Italian government is investigating Fiat's plans to possibly close a plant in Italy. They are investigating the company's intentions to ensure that the closure is necessary, if Fiat goes through with it. At the moment, Fiat is denying ...
21.08.2012 | 4430 views | 0 comments
Rest of World Making Up for Dipping European Auto Sales

Rest of World Making Up for Dipping European Auto Sales

Most of the world outside of Western Europe is experiencing sales growth, and in some regions that growth in in the double digits. It is enough to make up for the dropping sales in Western Europe for automakers that sell internationally, but it is...
20.08.2012 | 878 views | 0 comments

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