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) have been invited to dine with President Donald Trump for breakfast, where they are expected […]
Industry
Carmakers continue Mexico production plans, despite Trump – study
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 for vehicle output of eight major manufacturers, split between the U.S.A, Canada and Mexico. Detroit’s […]
Ex-VW boss Winterkorn denies knowing about defeat devices
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 from his position as CEO, stated it was “incomprehensible why I wasn’t informed early and […]
GM investing $1b in U.S. manufacturing, relocate jobs from Mexico
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 statement, with the U.S. automotive giant adding that the latest US$1 billion investment is a […]
BMW to stick to Mexico production, despite Trump threats
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 Mexico, is slated to produce models of the ever-popular BMW 3 Series, with manufacturing set […]
Takata could face US$1 billion settlement in U.S.
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 Department after a federal investigation found its airbags were faulty, and prone to rupturing. These […]
Jaguar Land Rover sets record sales in 2016
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 saw the marque sell 16,605 units last year, a 26 per cent increase over 2015’s […]
FCA boss Marchionne hesitant on future production plans; Trump
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 been at the helm of FCA since 2009, told reporters at the Detroit show that […]