Top News:
- Toyota Europe’s new sales boss faces challenge to hold off surging Nissan – Automotive News: Toyota’s new European sales and marketing boss, Matt Harrison, faces the challenge of defeating Japanese rival Nissan’s goal of becoming Europe’s…
- CHINA: Hyundai starts on fifth plant – Just-auto: Hyundai Motor has broken ground for its fifth Chinese manufacturing plant – in the Liangjiang New Area of Chongqing.
- RUSSIA: AvtoVAZ lauds Decree 166 – Just-auto: AvtoVAZ is urging the Russian government to stick with its Decree 166 programme mandating local content in vehicles as the automobile market continues to struggle under intense economic pressure.
- Renault Kwid Spied Testing Again; Launch, Price and Other Details You Need to Know – Ibtimes: Renault’s small car Kwid will be making its much-awaited entry into the Indian market during the festive season this year. The car, which is currently…
- Hyundai Motor to release more SUVs in China to regain momentum – Reuters: South Korea’s Hyundai Motor Co on Tuesday said it began construction on its fifth plant in Chongqing, China, to regain lost momentum in the largest auto market with a new compact car and higher production of sport utility vehicles.
- Russia’s Avtovaz resumes production after supply disruption – Reuters: Russian automaker Avtovaz resumed production at its car assembly lines on Tuesday after experiencing problems with the supply of auto parts, the company said.
- Tech race will strain automakers, report says – Automotive News: Automakers face enormous pressure on profit margins as technology and connectivity demands grow and car sales slow in markets such as the U.S. and China, according to a report by consultancy AlixPartners.
- Mercedes takes aim at BMW with GLE Coupe – Automotive News: Mercedes-Benz is expanding its crossover family with a new niche vehicle to lure the nontraditional SUV buyer: the GLE Coupe, aimed at the BMW X6.
- FCA will use TRW to replace 4M Takata inflators – Detroit News: Now linked to eight deaths and more than 100 injuries, they can explode and throw shrapnel at drivers and passengers
- Forecasters say global vehicle sales growth will downshift – Reuters: China’s auto market, the world’s largest, will grow at a 5.2 percent rate … six years that most consumers keep a new vehicle, Wakefield told Reuters.
- Global push fuels Jeep sales records – Detroit News: Plants from Detroit and Toledo to Brazil and Italy benefit from expansion of quintessential American brand
- soon. The study also looks at global earnings and makes some predictions about future trends ranging from battery cars to car-sharing, notes TheDetroitBureau.com.
- Howes: Techno leadership race pits automakers, visions – Detroit News: John Hoffecker: “Everyone … is taking a different view because there’s no understanding of where the answer may lay.”
- Nissan says paid CEO Ghosn $8.4 million last year – Reuters: Nissan Motor Co , Japan’s second-biggest automaker, said on Tuesday it paid Chief Executive Carlos Ghosn 1.035 billion yen ($8.39 million) last business year, up 4 percent from the previous year.