expansion
Audi Investing $30.3 Billion on Expansion by 2018
Audi isn’t content with being number two in the worldwide luxury auto market and will invest $30.3 billion by 2018 to expand its product portfolio.
Fiat Product Line to Expand in US Significantly by 2016
There will be at least 10 nameplates available in North America between the Fiat and Alfa Romeo brands for North American buyers by 2016.
Subaru Aims to Save Cost by Expanding US Manufacturing
Subaru’s sole overseas vehicle assembly plant in Indiana will expand production capacity 30 percent by 2016.
Fiat-Volvo Partnership a New Possibility
A few years ago, Italian auto giant Fiat was very close to partnering up with General Motors. However, that deal went sour at the last minute and a few years after that, Fiat bought a big chunk of Chrysler in its quest to have a large slice of the American market. More recently, the company…
BMW Lays Groundwork For Expansion Plans
BMW is pushing forward in the face of what many economists are fervently discussing in the business world: the possible collapse of the euro. Such a catastrophic event is unlikely, BMW CEO Norbert Reithofer told Automotive News. He reaffirmed that strong belief in another interview saying “I don’t even want to imagine that at all, and I don’t believe…
Lotus Secures Regional Growth Fund Cash to Further Model Development
Keep an eye on Lotus over the next six years, they just won a bid for this round of the Regional Growth Fund (RGF). Lotus CEO Danny Bahar said in a press release that the money will help the company refresh its line of sports cars with best in class performance and emissions. The RGF…
Cummins Forecasts Spike in Demand for Diesel Engines
The world’s economy stinks, gas is expensive and we’re all watching our wallets closely. You might assume that would also indicate less car parts being sold, but not for diesel engine manufacturer Cummins. “Several of the economies where Cummins operates are clearly weakening,” COO Tom Linebarger told analysts last month. “We really don’t know how…
Ram Truck Brand Takes Marketing Push to Wal-Mart Stores [Video]
Chrysler’s Ram truck brand will expand its advertising into Wal-Mart stores throughout the U.S. this fall. Dodge Ram advertisements will be in thousands of Wal-Mart stores and will integrate Mossy Oak camouflage, another of Ram’s partners into the promotion. “We recognize the alignment between truck buyers, the hunting/fishing lifestyle and Wal-Mart,” said Marissa Hunter, head of Ram advertising….
