The latest forecasts from JD Power suggest that the sluggish outlook for the European economy is creating risks on the downside that could drag vehicle output in Europe down by almost 10% in 2011. JD Power’s base case forecast is for a more modest 1% decline.
Audi is to invest almost EUR900m in its Hungarian operations during the next three years, as it expands its production plant in Gyor.
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Opel/Vauxhall has confirmed that it will build an all-new small car below the Corsa, at its Eisenach plant in the east German state of Thuringia from 2013.
The latest forecasts from JD Power suggest that the sluggish outlook for the European economy is creating risks on the downside that could drag vehicle output in Europe down by almost 10% in 2011.
Potential overseas investors could be involved in General Motors’ initial public offering (IPO) as it looks to exit from the US Department of the Treasury’s US$50bn bailout.
Hyundai says it has achieved its best ever European market share figure of 3.2% in August, according to official industry data (ACEA).
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By GlobalDataABB and General Motors have signed a non-exclusive memorandum of understanding to cooperate on a research and development project to investigate uses for electric vehicle batteries once their useful life is over
Further details have emerged surrounding Iran Khodro’s (IKCO) new US$15m plant in Mazandaran province, as well as its site in Senegal.
Authorities in Sweden are to ask an enforcement agency to consider its claim Saab still owes SEK83m (US$12m) in salary cover paid during the automaker’s transition from General Motors to Spyker.
Figures released by the SMMT show that car output in Britain continued to grow in August.
