Automobile industry
Nissan Motor Co., Japan's second-largest automaker, has made a significant U-turn in its approach to hybrid vehicles, introducing its Green Program 2010 medium-term environmental technology strategy. The new plan aims to tap into the growing demand for environmentally friendly vehicles, particularly in the U.S. market, where competitors
Automobile industry
Yorozu Corp. is gearing up to meet the growing demand from Japanese automakers in China, including Honda Motor Co., Toyota Motor Corp., and Nissan Motor Co. The company will invest 4.4 billion yen (US$38.1 million) to increase production capacity of suspension parts in China, with the goal
Automobile industry
The 2006 Beijing International Automotive Exhibition came to a close on December 4, showcasing 10 global debuts by leading auto manufacturers, highlighting China's growing importance in the global auto market. The exhibition, considered a global A-class by eight major players, including Daimler-Chrysler, BMW, and Volkswagen, demonstrated China'
Automobile industry
Honda has maintained its position as the leading passenger vehicle nameplate in South Africa, according to the latest study by JD Power and Associates. The study examined over 228 individual problem symptoms across nine categories, including vehicle exterior, features, and audio systems. The South African plants of BMW and Toyota
Automobile industry
The U.S. auto market, which has been growing steadily over the past few years, is now showing signs of slowing down, posing a new risk to the turnaround plans of Detroit's beleaguered Big Three auto makers. As the U.S. economy and housing industry slow down, particularly
Automobile industry
German carmaker Volkswagen's Shanghai joint venture, Shanghai Volkswagen Automotive, has been named the most influential foreign-invested business in China in the second annual survey by mainland publishing group Southern Weekend. The company's success is a rare exception, as many foreign carmakers have struggled to turn a
Automobile industry
The Beijing auto show is set to open on November 18, attracting global auto giants to display their new products. The show features 1,500 companies from 20 countries and regions, showcasing 572 passenger cars, including 10 global premiere models. DaimlerChrysler, BMW, Volkswagen, Toyota Motor Corp., Ford Motor Co., and
Automobile industry
President George W. Bush will meet with top executives from General Motors, Ford, and Chrysler today to discuss the challenges facing the auto industry. Industry leaders plan to stress that they are not seeking a federal bailout but want support on health care and trade issues that affect large manufacturers.
Automobile industry
US auto executives are meeting with President George W. Bush on Tuesday to discuss pressing concerns about healthcare and trade issues. The Big Three automakers - General Motors, Ford, and DaimlerChrysler's Chrysler Group - are expected to present their case to Bush, who will express his support for
Automobile industry
In a flurry of activity at two leading European motor groups, Bernd Pischetsrieder has been unexpectedly replaced as chief executive of German car maker Volkswagen, while Christian Streiff has been named the new head of French rival PSA Peugeot Citroen. The surprise announcements came hours apart, with Pischetsrieder, 58, set
Automobile industry
General Motors, in collaboration with its local partner Shanghai Automotive Industry Corporation, plans to launch hybrid cars in China from 2008. This move follows Toyota and Volkswagen's announcements of similar plans for the Chinese market. Industry analysts expect China to play a significant role in the development of
Automobile industry
Dura Automotive Systems, a leading supplier of pedal systems and other automotive components, has filed for Chapter 11 protection from creditors. The company received court approval of all its "first day motions," allowing it to continue operating in the ordinary course of business during the reorganization process. Dura&
