Lamborghini Sales Down by 38 Percent in 2009
10 Mar 2010, 08:08 UTC · By: Alina Dumitrache / The global economic crisis struck hard the automotive industry causing a decline in demand, so most carmakers had troubles maintaining a decent level of sales during last year. In Europe and the Uni...
Opel/Vauxhall Gets 1.9 Billion Euro from GM
2 Mar 2010, 08:13 UTC · By: Alex Vasile / Under its viability plan, Opel/Vauxhall estimated that it needs 3.3 billion Euro. Though at first General Motors said it will only contribute with 600 million Euro, the Geneva Auto Show brings us so...
GM to Build Ecotec Engines in the US
18 Feb 2010, 16:40 UTC · By: Alex Vasile / General Motors will build greener engines, as the US car manufacturer will invest $494 million in Bay City, Defiance, Ohio, and a in plant in New York that will support two next-generation, fuel-eff...
Investment Funds Sue Porsche over $1 Billion
26 Jan 2010, 10:04 UTC · By: Daniel Patrascu / Although former Porsche executives Wendelin Wiedeking and Holger Haerter have been somewhat cleared of the market manipulation accusations, a group of investment funds decided to pursue legal action...
Ford Romania to Build Low CO2 Engine with EU Money
21 Jan 2010, 15:05 UTC · By: Alina Dumitrache / Ford Romania plans to invest 400 million euro this year in its factory based in Craiova (southern Romania), money which are loaned from the European Investment Bank (EIB). The agreement was signed t...
Dorel Juvenile to Open a New Center in Indiana
19 Jan 2010, 15:04 UTC · By: Alina Dumitrache / Dorel Juvenile Group (DJG) announced today it plans to build a Design and Development Competency Center in Columbus, Indiana, as part of its car seat product capital investment program which involve...
Audi to Invest $10.5Bn by 2012
28 Dec 2009, 14:38 UTC · By: Alex Vasile / Audi announced that its future plans include a 7.3 billion Euro ($10.5 billion) investment on plant upgrades, new products and technology research. Its purpose is expanding its number of customers, ...
Harley-Davidson Invests €700k in Romania Despite Low Sales
22 Dec 2009, 11:23 UTC · By: Alina Dumitrache / American motorcycle manufacturer Harley-Davidson has opened a new showroom in Bucharest, Romania, representing an investment of around €700,000. Its dealer network in the country is set to furt...
Confirmed: Duster to Be Built in Brazil
16 Dec 2009, 15:15 UTC · By: Alex Vasile / Renault Brazil announced that they will invest $550 million next year as it plans to launch two additional models in the country. The first model which Renault will launch in Brazil will be the th...
Apprentices Offered Permanent Positions by Rolls Royce
5 Dec 2009, 14:07 UTC · By: Alina Dumitrache / British carmaker Rolls Royce announced today it has offered nine of the company’s apprentices with permanent positions within the company. All of the apprentices completed a three-year intern...
Ford Announced $2.3 billion Investment in Brazil
23 Nov 2009, 11:23 UTC · By: Alex Vasile / Ford Motor Co is planning to invest $2.26 billion in Brazil, in order to increase production, as the demand for new cars in this country is getting higher due to very low borrowing costs, said by Ma...
VW Prepares 25.8bn EUR Three-Year Investment Plan
22 Nov 2009, 09:40 UTC · By: Alexandru Radu Chis / While others are trying to survive the current economic situation, German automaker VW announced it is preparing a huge 25.8bn euro ($38.3 bn) investment. In a time of uncertainty and chaotic financ...
VW Invests $125M to Expand in the US
13 Nov 2009, 07:53 UTC · By: Alina Dumitrache / Volkswagen moves on with its plans of further expand its business in the United States and announced that its American unit is currently investing to open several Audi and Volkswagen dealerships in ...
Quaife Invests €4M in New Flexible Manufacturing Facility
27 Oct 2009, 09:20 UTC · By: Alina Dumitrache / Specialist driveline engineering company Quaife has invested more than £3.5 million (€4 million) in a new flexible manufacturing facility, in order to get the international quality standa...
Serbia Wants More than Fiat...
22 Oct 2009, 09:33 UTC · By: Daniel Patrascu / ... and looks up to Slovakia for inspiration. The Serbian government intends to attract European money in its automotive industry, first and foremost from Italian manufacturer Fiat, who already plan...
BMW Expands South African Plant
6 Oct 2009, 09:33 UTC · By: Bogdan Popa / German carmaker BMW today announced that it will invest up to 2.2 billion rand (approximately $288 million) in the South African production plant to expand local production. BMW hopes the Rosslyn, S...
Volkswagen Invests $1Bn in Mexico
15 Jul 2009, 14:31 UTC · By: Daniel Patrascu / With its sights set on producing a new model at their Mexico plant starting next year, German manufacturer Volkswagen plans to invest no less than $1 billion to expand and retool the facility. The p...
Bosch Invests $8 Million in Michigan Facility
14 Jul 2009, 09:17 UTC · By: Alexandru Radu Chis / Good news for the people of Flat Rock, Michigan, USA, as Bosch invested $8 million in renovating the vehicle test track it has there. Bosch started a collaboration with other local companies to upgr...
Toyota to Spend $500M on Indiana Revamp
6 Jul 2009, 12:18 UTC · By: Daniel Patrascu / After dust seems to have settled on the NUMMI joint venture with GM, Toyota turned its sights on the projected retooling of its Indiana SUV assembly plant. The Japanese will spend around $500 millio...
Heuliez Nears Collapse
7 Apr 2009, 14:00 UTC · By: Daniel Patrascu / The hopes French coachbuilder Heuilez had for both its Friendly all electric vehicle and the promises made by the French government to help the company escape the crisis' grip are slowly slippi...