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Showing 20 results out of 10000

US: Ford Credit axing 2,000 jobs

Two thousand jobs are to go as Ford Motor Credit Company (FMCC) consolidates and centralises most of its originations and servicing operations in the United States to reduce costs and improve process efficiencies.

PARIS SHOW: Ford of Europe is okay - Fleming

Ford of Europe will not need to adjust its business in response to corporation’s renewed North American restructuring, FoE President and CEO John Fleming insisted at the Paris Auto Show. “The best thing we can do is focus on our commitment to a third year of profit and continue to deliver good products. We have already done restructuring and we don’t expect to do any more. All our plants are at 100-percent capacity or above,” he told just-auto.

US: Autos downturn costs 700 Timken jobs

Declines in North American automotive production are expected to negatively impact the Timken Company’s overall third-quarter and full-year 2006 results, which otherwise continue to benefit from the strength of global industrial markets, the supplier said on Friday.

BRIEFING: China automotive market review 2006

As sales growth continues in China, the boom-and-bust upward curve of recent years has steadied, and in the first half of 2006, China's light vehicle sales, including imports, grew 27% to 3.6m units. This means that China is on course to overtake Japan in 2006 to become the second-largest market in terms of world vehicle sales. This month’s briefing looks at China’s vehicle sales growth, export plans, and the need to supply a growing domestic market. Plus, the “design piracy” issue that continues to vex foreign automakers operating in China, and a proposed new Chinese government rule that could force foreign automakers to share their designs with their Chinese automaker partners. Also included are brief overviews of foreign manufacturer movements in China, from General Motors to Mitsubishi and Chinese independents.

JAPAN: Mazda Europe opens two more 'factory shops'

Mazda Motor Europe commenced operation on Monday (2 October) of two new national sales companies (NSCs) in the Czech Republic and Slovak Republic, with official transfer of distribution from Mazda's long-standing distributor, Auto Palace Praha, taking place on Sunday.

ITALY: Fiat raises Ferrari stake

Fiat on Friday (29 September) exercised its call option to buy back from Mediobanca and the other members of the consortium 2.3m Ferrari shares, or 28.63% of the share capital, thereby raising to 85% its interest in Ferrari.

PARIS SHOW: TomTom and Johnson Controls collaborate

Portable navigation system maker TomTom, whose products are critically acclaimed in Europe, and automotive interior specialist Johnson Controls have announced a joint development relationship to integrate the former’s devices into vehicle electronic systems.

JAPAN: Toyota standardises economy meter

Toyota Motor Corporation has said that, beginning this month, new Japanese-market vehicle models with automatic transmissions will be equipped with the ‘Eco Drive Indicator’, a feature intended to encourage environmentally considerate driving.

EXCLUSIVE: UK: Official positions vary on US Honda CR-V sourcing

Spokesmen for Honda manufacturing units in the United States and England seem to be singing from different song sheets when it comes to whether or not some of the redesigned CR-V small SUVs now being launched in the US will come from the automaker's British plant in Swindon, Wiltshire.

ANALYSIS: Powertrain options on the Nissan Qashqai – can Renault/Nissan make CVTs popular in Europe?

The full range of Nissan and Renault engines has been utilised in the Nissan Qashqai crossover, which also shares its underlying platform (the C Platform) with several other Renault and Nissan vehicles. There is also a Jatco produced CVT available with the 2.0-litre petrol engine and that makes the Qashqai the first Renault to get it. Is it a shrewd move, in Europe, where CVTs have had limited success, asks CSM Worldwide analyst Chris Guile?

US: Two Nissan models moving 'back' to Japan

In an unusual move, Nissan Motor plans to shift some of its manufacturing operations ‘back’ to Japan from North America as part of its efforts to improve profitability, the Nihon Keizai (Nikkei) business daily reported yesterday (1 October).

GERMANY: GME wants to keep Astra in Germany

General Motors would like to continue manufacturing the Opel Astra in Germany beyond 2010, Focus magazine reported on Sunday, citing GM's European chief, according to a news agency report.

SPAIN: Sales fall for a fourth month

New car registrations in Spain dropped 7.2% year-on-year in September to 95,421 units, national carmakers association ANFAC reportedly said, the fourth successive month of falls.