Cars
It appears that Volkswagen Group is opening assembly plants in China on a yearly basis. The automaker has announced it will build two new vehicle plants in the cities of Qinqdao and Tianjin, for which it will allocate €2 billion ($2.72 billion) together with its joint venture partner FAW. Read more »
- Gm To Build Next-gen Cruze In Mexico As Well
General Motors will build the next-generation Chevrolet Cruze in Mexico, the company announced on Monday. The automaker will invest $350 million to build the Cruze at the Coahuila facility, as part of a $5 billion investment in its Mexican plants announced...
- Hyundai Will Build Two More Plants In China
Hyundai has announced plans to build two more plants in China with local partner BAIC Motor in order to meet demand in its largest global market. Located in Cangzhou, Hebei province and Chongqing city, the new production facilities will be operated by...
- Vw Starts To Feel The Crisis: Q1 Profit Down Almost 50 Percent
Although deliveries and market share are on the rise for the first quarter of 2013, Volkswagen Group posted a profit before tax of €2.7 billion ($3.53 billion), down from €4.2 billion ($5.5 billion) in the same period last year. Profit after...
- First Fiat Viaggio Sedan Rolls Off The Production Line In China
The Fiat Group and its Chinese partner Guangzhou Auto (GAC) celebrated the completion of their new joint-venture factory in Changsha and the rollout of the first series production Viaggio sedan on Thursday. The new plant covers an area of 730,000 square...
- Nissan To Invest Up To Us$2 Billion To Build Its Third Plant In Mexico In 2013
Japanese carmaker Nissan said on Wednesday it plans to invest up to US$2.0 billion (€1.5 billion) for an all-new manufacturing plant in Aguascalientes, Mexico, that will be operational by late 2013. The new facility, which will complement Nissan’s...
Cars
VW and FAW to Invest €2 Billion in Two New Assembly Plants in China
It appears that Volkswagen Group is opening assembly plants in China on a yearly basis. The automaker has announced it will build two new vehicle plants in the cities of Qinqdao and Tianjin, for which it will allocate €2 billion ($2.72 billion) together with its joint venture partner FAW. Read more »
- Gm To Build Next-gen Cruze In Mexico As Well
General Motors will build the next-generation Chevrolet Cruze in Mexico, the company announced on Monday. The automaker will invest $350 million to build the Cruze at the Coahuila facility, as part of a $5 billion investment in its Mexican plants announced...
- Hyundai Will Build Two More Plants In China
Hyundai has announced plans to build two more plants in China with local partner BAIC Motor in order to meet demand in its largest global market. Located in Cangzhou, Hebei province and Chongqing city, the new production facilities will be operated by...
- Vw Starts To Feel The Crisis: Q1 Profit Down Almost 50 Percent
Although deliveries and market share are on the rise for the first quarter of 2013, Volkswagen Group posted a profit before tax of €2.7 billion ($3.53 billion), down from €4.2 billion ($5.5 billion) in the same period last year. Profit after...
- First Fiat Viaggio Sedan Rolls Off The Production Line In China
The Fiat Group and its Chinese partner Guangzhou Auto (GAC) celebrated the completion of their new joint-venture factory in Changsha and the rollout of the first series production Viaggio sedan on Thursday. The new plant covers an area of 730,000 square...
- Nissan To Invest Up To Us$2 Billion To Build Its Third Plant In Mexico In 2013
Japanese carmaker Nissan said on Wednesday it plans to invest up to US$2.0 billion (€1.5 billion) for an all-new manufacturing plant in Aguascalientes, Mexico, that will be operational by late 2013. The new facility, which will complement Nissan’s...