Ford Australia insists tomorrow’s visit from Industry Minister Ian Macfarlane will not impact its decision to cease local production within three years. Macfarlane revealed his desire to convince Ford to change its mind on its ...
Tags: Ford, Macfarlane
When machine-tool maker Kasuga Co. of Japan decided to open its first overseas workshop around one year ago, it chose Taiwan over China on the advice of Jackson Wong, a Hong Kong citizen operating for more than 10 years as machine trader ...
Tags: Machine Tool
FAW Group has reportedly signed a Memorandum of Understanding to construct a vehicle plant in Rason, a port city in North Korea's far north east, close to the Chinese and Russian borders. North Korea's car industry is famously almost ...
Tags: Transportation, Auto Parts, Car
Prime Minister Kevin Rudd has pledged half a billion dollars for Australia's automotive manufacturing industry in an attempt to give investment certainty to local car makers and shore up their future beyond 2020. Under the 'New Car Plan ...
Tags: Auto, Transportation
Porsche’s former chief financial officer has been convicted of credit fraud by a German court in a criminal case relating to a failed 2009 bid by the sports car maker to buy Volkswagen. Bloomberg reports Holger Haerter was convicted ...
Tags: Porsche, Fraud, Volkswagen Bid
The former boss of Ford’s global operations says the death of the Australian automotive manufacturing industry appears “inevitable”. Ex-Ford Motor Company CEO and now BHP Billiton chairman Jac Nasser says a combination ...
Tags: Automotive Industry, Ford CEO
The wife of Volkswagen AG chairman Ferdinand Piech is set to join the supervisory board of the Volkswagen Group-owned Audi, almost a year after being elected to the board of Volkswagen AG. An Audi spokesperson confirmed the the likely ...
Tags: Auto Parts, Transportation, Audi
The future of Australian manufacturing potentially hangs in the balance of power, with the federal opposition still non-committal to long-term support for local car making. The Coalition has confirmed that if elected to power following ...
There was a lot of cool stuff on display at CES.In fact,there was a lot of stuff,period.Trying to find a single standout isn't easy,especially when it is near-impossible to even see everything at the massive event.But there were a number of ...
Tags: CES 2013, car tech, in Vegas, radio-controlled flying drone Parrot
There was a lot of cool stuff on display at CES.In fact,there was a lot of stuff,period.Trying to find a single standout isn't easy,especially when it is near-impossible to even see everything at the massive event.But there were a number of ...
Tags: CES, car tech, automotive realm, Vegas
The boss of Toyota Australia has pledged his company's commitment to the local automotive industry at the unveiling of the Japanese car maker's new petrol and hybrid engine plant in Melbourne. Toyota Australia president and CEO Max Yasuda ...
Tags: Toyota, local automotive industry, petrol and hybrid engine
Taipei, Oct. 16, 2012 (CENS)--The escalating tension between mainland China and Japan is prompting some mainland Chinese manufacturers to embrace for Taiwan's machine-tool makers as alternative to Japanese suppliers, likely helping push up ...
Tags: escalating tension, mainland Chinese, Taiwan, machine tools
We recently looked at some of the best deals on car leases, focused on outgoing models about to be redesigned, and found you could still beat the advertised offers by just taking out a traditional loan and/or buying the car outright. Now, ...
Tags: deals, car leases, redesigned, car deals, benefits of buying
General Motors has announced a plan to buy back 200 million shares of its stock currently held by the US government,purchased as part of a US$49.5 billion government bailout undertaken in the wake of the 2007-2008 global financial crisis. ...
Tags: GM, buy back US government bailout stock, Dan Akerson, stock buyback
The South Korean unit of French carmaker Renault, Renault Samsung motors is planning to cut its workforce by 15% under a voluntary retirement programme in a bid to reduce expenses. As per the plan, nearly 800 of its 5,500 employees will ...
Tags: Renault Samsung, domestic sales, vehicles, Samsung Group