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MOTORING NEWS | AUTOMOTIVE NEWSThe latest motoring and automotive press releases from PRWeb:- MochaHost.com Partners with SmarterTools Inc. 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March 11th, 2010 07:23 AM RESEARCH ANALYSIS: China's recession-defying automotive market With the world's economies in turmoil, China's star continues to rise. Indeed, China has remained the only one of the world's major economies that continued to show growth through the global recession of 2008-09. In this extract from a just-auto research report looking at the Chinese auto industry and its prospects, Mark Bursa considers the causes of continued - and seemingly inexorable - market growth. March 11th, 2010 06:13 AM US: Soave quits VW to head up Fiat launch Laura Soave will lead the reintroduction of Fiat in North America, reporting to Chrysler Group CEO Sergio Marchionne. March 11th, 2010 06:07 AM BRAZIL: Peugeot readies small pickup for launch Peugeot Brazil has developed this attractive new pickup truck - targeted at the popular 'pseudo offroader' recreational vehicle segment. March 11th, 2010 05:30 AM INDIA: Raw materials, emission control costs, could hit automakers A rise in raw material prices, coupled with costs associated with new emission regulations, could force Indian automakers to increase prices further, which may hit volumes according to a local media report. March 11th, 2010 10:44 AM RUSSIA: Nissan to produce Murano at St Pete plant Nissan plans to start producing the Nissan Murano SUV at its St Petersburg plant in early 2011, Fujio Hosaka, head of the firm's Russian manufacturing subsidiary, has said. March 11th, 2010 09:38 AM RUSSIA: AvtoVAZ targets 1.2m cars a year AvtoVAZ, 25% owned by Renault, plans to triple production to around 1.2m cars a year by 2020, Reuters reported, citing unnamed sources close to the company. March 11th, 2010 08:09 AM CZECH REPUBLIC: Skoda plans extra shifts for popular models - union Volkswagen's Czech unit Skoda Auto plans additional shifts building three models in the second quarter, making up for some production lost in February due to low demand, the carmaker's union said on Thursday. March 11th, 2010 08:03 AM JAPAN: Mitsubishi Motors unlikely to increase China JV stake - report Mitsubishi Motors, already lagging other foreign automakers in China, is unlikely to accept an opportunity to increase its stake in one of its two main joint ventures in the country because it wants to preserve cash, a source told the Wall Street Journal. March 11th, 2010 07:42 AM COLOMBIA: FTA with EC will zero tariffs by 2018 After three years and nine rounds of negotiation, Colombia has finally signed a free trade agreement (FTA) with Europe that includes the automotive segment. March 11th, 2010 07:07 AM FRANCE: Valeo 'no plans' to close plants in Europe While Valeo could sell some assets it currently has no plans to close plants in Europe, according to the firm's chief executive, speaking to a French daily newspaper. March 11th, 2010 06:55 AM BRAZIL: Justice fines Fiat over alleged Stilo hub problem Brazil's justice ministry has fined the local Fiat unit BRL3m (US$1.5m) for failing to recall thousands of Stilo cars built after 2004 despite an alleged rear-wheel hub problem. March 11th, 2010 09:58 AM RUSSIA: Sberbank opens credit line for Rolf Russia's Sberbank has concluded an agreement to open a five year USD340m credit line for Russian car distributor Rolf. March 11th, 2010 09:58 AM US: Nissan hopes new van will lure pickup buyers Nissan has shown off its first production commercial van for North America due on sale late this year. March 10th, 2010 01:00 PM BELGIUM: Unions silent on GM Antwerp rescue plan Belgian unions involved with a potential rescue package for Opel's Antwerp plant are remaining tight-lipped concerning exactly what they are proposing to save the site, which is threatened with imminent closure. March 10th, 2010 07:24 AM FRANCE: Valeo plans to double sales by 2020 French parts supplier Valeo plans to focus on emissions technology and expanding in emerging markets as it aims to double global sales by 2020. March 10th, 2010 05:30 AM UK: Fiat to use Multiair to clean up diesels Fiat Group is planning to use its variable hydraulic valve control system on diesel engines to help it meet Euro6 emissions legislation. March 10th, 2010 04:14 AM GERMANY: Daimler aims for BRIC target with Tata sale Daimler is to use its divestment in Tata Motors to fund a drive into BRIC countries as well as develop green initiative March 10th, 2010 10:55 AM UK: SMMT sets out Budget case The UK government has today announced that its annual 'Budget' statement setting out public finance spending plans will be on March 24. The SMMT has duly set out what the UK's auto industry would like to see in it. March 10th, 2010 07:31 AM US: BYD eyes California sales HQ and assembly plant Chinese carmaker BYD is considering setting up an assembly plant and North American sales headquarters in California. March 10th, 2010 07:06 AM Contact |