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Industry

PSA Peugeot-Citroen interested in acquiring Opel from GM

Feb 17, 2017

French company PSA Groupe, which consists of Peugeot and Citroen, seems to be on something of an acquisition spree at the moment. Rumours abound the company may procure Opel from General Motors in coming days...

Volvo sets new global sales record in 2016, profits up 66 per cent

Feb 13, 2017

Volvo has reported its annual sales figures for 2016, setting a new record globally in terms of units shifted and profits made. The Chinese-owned Swedish company sold 534,332 vehicles around the world during 2016, up...

Australian vehicle sales for January 2017 – Mazda3 leads into New Year

Feb 03, 2017

Australian VFACTS figures for new vehicle registrations have been released, covering January 2017. And in the first month of the year most brands saw some big drops in sales compared with December, understandably. Starting with...

Toyota Australia to close production facility on October 3

Jan 31, 2017

Yes, it’s all drawing closer and closer, with Toyota Australia now confirming it will close its Aussie manufacturing facilities, in Altona, on October 3, 2017. It opened back in 1963. Toyota has a vehicle production...

President Trump invites GM, Ford, FCA bosses for talks on industry future

Jan 24, 2017

U.S. President Donald Trump is set to host chief executives of Detroit’s three big manufacturers for talks on Tuesday, according to the White House. Chief executives from General Motors, Ford and Fiat Chrysler Automobiles (FCA)...

Carmakers continue Mexico production plans, despite Trump – study

Jan 23, 2017

Manufacturers will continue to invest in Mexican production, despite public threats from US president Donald Trump, according to a recent study. The study in question was formulated by LMC Automotive, who released its forecast model...

Ex-VW boss Winterkorn denies knowing about defeat devices

Jan 20, 2017

Volkswagen’s ex-CEO, Prof. Dr. Martin Winterkorn, has told German lawmakers he was unaware of the existence of any defeat devices fitted to 11 million VW vehicles before late August, 2015. Winterkorn, who has since resigned...

GM investing $1b in U.S. manufacturing, relocate jobs from Mexico

Jan 18, 2017

General Motors has announced an additional $1 billion investment into its U.S. manufacturing, relocating jobs from Mexico to the States, and not the other way around. The announcement was made overnight by GM in a...

BMW to stick to Mexico production, despite Trump threats

Jan 18, 2017

BMW has announced it will stick to its original plans to invest in a production facility in Mexico, despite recent threats from the U.S. president-elect Donald Trump. The facility, planned for San Luis Potosi in...

Takata could face US$1 billion settlement in U.S.

Jan 14, 2017

Notorious airbag manufacturer Takata is expected to plead guilty in a U.S. settlement valued at around $1 billion, according to reports. Takata Corp. is expected to settle the case pushed forward by the U.S. Justice...

Jaguar Land Rover sets record sales in 2016

Jan 13, 2017

Jaguar Land Rover is bringing in the New Year in style after setting records in sales in Australia, tripling its figures since 2010. JLR Australia broke the record, riding on a surge in sales that...

FCA boss Marchionne hesitant on future production plans; Trump

Jan 12, 2017

Fiat Chrysler’s CEO has expressed concerns of a Trump administration in regard to the company’s future investments in Mexico that could ultimately be harmed by the president’s controversial policies. Sergio Marchionne, the man who has...

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