automotive business
Aston Martin Aiming To Maximize Resources
In addition, unlike other luxury car makers, the Gaydon concern simply cannot produce any ‘cost no object’ flagship models, purely as prestige exercises.
BMW Targets 25% Sales Growth by 2020, 2 Million Vehicles Annually
German auto giant BMW wants to become a bigger giant, as it looks to expand its annual production volume from 1.5-million vehicles/year to 2-million vehicles by 2020. Herbert Diess, BMW’s board member in charge of purchasing said in a recent interview that this expansion will come by the way of reducing purchasing costs, while keeping…
German State Aid to BMW and Volkswagen Under Investigation
In the case of Volkswagen, a grant of some EUR 83.7 million aimed at that company’s manufacturing facility in Zwickau, is under scrutiny.
General Motors Rejoins World’s 20 Largest Corporations List
However, despite the news, there are those that say GM still has a long way to go to regain its former prominence. As for other automakers, the General’s cross-town rival, Ford Motor Company was ranked number 25 on the list, down two places from last year.
Aston Martin Considers IPO, Plans Major Push in Chinese Market
Although the company’s chief commercial officer Michael Van Der Sande said that Aston “came very late to the party in China,” the firm is making up for lost ground.
Saab Sells 582 Cars to Chinese Buyer to Cover Payroll, Bankruptcy Still Looms
According to an official release by Saab Automobiles, Russian businessman Vladimir Antonov is still very much interested in pour money into the ailing automaker, but was awaiting clearance from the Swedish National Debt Office.
GM Confirms Commitment to Opel, No Plans to Sell Says CEO Akerson
Nevertheless, speculation, particularly in the German media continues, with reports that GM is ‘reviewing options’ for its European unit, with possibly Volkswagen AG and Bejing Automotive Industry Holding Co being named as potential buyers.
Toyota Predicts 31 Percent Drop In Profits Due To Japan Quake
Nevertheless, Toyota is trying to be optimistic about the future. In Tokyo today, the company’s Chief Financial Officer, Satoshi Ozawa, said “Toyota will do it’s best to recover from the delays in delivery.”
Auto Sales in China Set to Slow this Year
However, the Chinese government has said that it will shortly announce new measures designed to curtail car congestion, including a decision by Beijing to significantly reduce the number of vehicle registrations it will issue.
China’s BAIC in Bid to Buy Pininfarina
BAIC currently owns the tooling, intellectual property and powertrain technology from the current Saab 9-3, which it purchased from General Motors and is already working on several new cars based on this platform, a new Pininfarina styled 9-3 could be one of them.
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