German carmaker Mercedes-Benz is set to invest ZAR3bn ($302m) in South African operations to increase local output to 100,000 units annually. Currently producing 60,000 units on an annual basis, the company plans to add new technology and ...
Tags: Mercedes-Benz, Car Production
German automaker Daimler will build a new production plant in Iracemápolis, Sao Paulo, Brazil, to manufacture Mercedes-Benz cars for the local market. The company has signed a framework contract with Brazilian President Dilma ...
Tags: Daimler, Mercedes-Benz
French carmaker Renault has commenced the construction of a new vehicle production plant in the south-west of Oran, Algeria. Slated to open in November 2014, the plant will produce the company's New Symbol cars for the local market. This ...
Tags: Renault, Car Production Plant
German automaker Audi is set to invest EUR150m to commence the production of cars in S?o José dos Pinhais, Brazil by 2015. This new investment will see the production of the new Audi Q3 and the new A3 Sedan in the country. The new ...
The average profitability of the global automotive supplier industry remains stable at an astonishingly high level: 6.5% EBIT margin for 2012 and for 2013. The most profitable sectors for suppliers are chassis, powertrain and tires, whereas ...
Tags: economy, Transportation
According to the data form the Japan's auto industry association, the auto production is 910114 vehicles in July 2013 in Japan, down 1.5% year on year, has 11 consecutive months less than previous production. From the different ...
Tags: Auto, car, vehicle, Transportation
IAL Consultants published its new report, Overviewof the European Sealants Market. Taking into account the 15 countries of Western Europe and eight countries of Eastern Europe, the total demand for sealants is estimated at approximately ...
Tags: Sealants Market, Construction
In July this year, South Korea's total car output decreased by 16.1 percent compared to June this year and was down 6.1 percent year on year, totaling 334,139 units, according to a report released by the Korean Ministry of Knowledge Economy ...
Tags: Car Output
German carmaker Daimler is set to establish a car manufacturing plant in Brazil to produce C-Class model cars in its Mercedes-Benz brand by 2015. As the taxes on foreign vehicles are increasing in Brazil, the auto firm finds it hard to ...
Tags: Daimler, Car Production Plant
Japanese automobile production in June this year totaled 808,557 units, decreasing by 84,588 units or 9.5 percent compared to the same month of the previous year. Japan's auto output indicated a year-on-year decline for the 10th consecutive ...
Tags: Automobile Output, Mineral
The Federal Chamber of Automotive Industries (FCAI) says sales of new vehicles will plummet at least 10 per cent if the federal government continues with its planned fringe benefits tax (FBT) changes. FCAI CEO Tony Weber said its analysis ...
Tags: Tax Changes, Fringe
In the first half of the current year, South Korea's car production fell by 4.3 percent year on year to 2,279,790 units, according to a report released by the Korean Ministry of Knowledge Economy (MOTIE). The report says that the fall on ...
Tags: Car Output, Mineral
SAIC-GM-Wuling (SGMW), a joint venture (JV) between General Motors (GM), SAIC Motor and Liuzhou Wuling Motors, has started construction of its new manufacturing plant in Chongqing, China, with an investment of RMB6.6bn ($1.1bn). With a ...
Tags: General Motors, SAIC Motor
It is learned that some Japanese blast furnace mills are thinking of skipping hot rolled coils (HRC) shipment in July. Their strategy is to put turbulence in contract prices for Korea in order by deferring shipment by one month, to rebuild ...
According to Japanese media reports, Japan's Toyota motor corp. announced on May 30, 2013, the general situation of the domestic production in April 2013, Including Toyota, DAIHATSU industry (hereinafter referred to as DAIHATSU) and HINO ...
Tags: Toyota, Transportation, car, auto