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Report estimates Romanian auto industry losses

24 April 2020 | Graeme Roberts

Report estimates Romanian auto industry losses Graeme Roberts Up to 2% on average of all employees in the national economies in Southeast Europe (SEE) could be affected by the crisis induced by the c... read more


MALAYSIA: BMW assembler Sime Darby delays automotive IPO

6 May 2015 | Staff reporter

MALAYSIA: BMW assembler Sime Darby delays automotive IPO Staff reporter Malaysian diversified conglomerate Sime Darby has cancelled an initial public offering (IPO) for its automotive business which ... read more


RUSSIA: Ford to take control of Sollers JV

10 April 2015 | Graeme Roberts

RUSSIA: Ford to take control of Sollers JV Graeme Roberts Ford is to take a controlling interest in its Russian vehicle making joint venture with Sollers through the acquisition of preferred shares t... read more


US: Venezuela woes cost Ford $800m pretax in Q4 2014

23 January 2015 | Graeme Roberts

US: Venezuela woes cost Ford $800m pretax in Q4 2014 Graeme Roberts Ford is to take an US$800m pre-tax hit in results for the fourth quarter of 2014 due to the currency woes in Venezuela. The char... read more


INDIA: JLR props up its Tata parent

30 May 2014 | Chris Wright

INDIA: JLR props up its Tata parent Chris Wright Who would have thought six years ago, when Tata Motors bought the ailing Jaguar and Land Rover brands from Ford, that the British carmaker would be pr... read more


BRAZIL: Fiat profit down 81% in 2013

15 May 2014 | Graeme Roberts

BRAZIL: Fiat profit down 81% in 2013 Graeme Roberts Only two automakers – Fiat and Renault – are organised in Brazil as PLC companies and therefore obligated by law to issue financial res... read more


VENEZUELA: Foreign currency woes halt Ford assembly

6 May 2014 | Graeme Roberts

VENEZUELA: Foreign currency woes halt Ford assembly Graeme Roberts Owing to inadequate foreign currency required to import parts, Ford has stopped assembly operations in Venezuela, plant workers told... read more


RUSSIA: Sollers majority holding moved home

10 April 2014 | Graeme Roberts

RUSSIA: Sollers majority holding moved home Graeme Roberts The majority shareholder in Russian car maker - and Ford partner - Sollers reportedly has moved his holding back to Russia, becoming the fir... read more


THAILAND: Parts maker PCS to launch IPO

15 November 2013 | Staff reporter

THAILAND: Parts maker PCS to launch IPO Staff reporter Thai automotive parts manufacturer PCS Machine Group Holding Plc announced plans to raise THB6.1bn in an initial public offering (IPO) to fund e... read more


RUSSIA: Ford partner Sollers back in black

14 November 2013 | Graeme Roberts

RUSSIA: Ford partner Sollers back in black Graeme Roberts Sollers - a Ford JV partner in Russia posted a RUB637.3m net profit in January–September against a RUB1.07bn net loss in the same perio... read more


MALAYSIA: New Magneti Marelli plant comes on line

24 October 2013 | Chris Wright

MALAYSIA: New Magneti Marelli plant comes on line Chris Wright Magneti Marelli has begun operations at a new plant in Batu Kawan, Penang, to boost production for ASEAN countries and Japan. Chief e... read more


RUSSIA: Sollers acquires 13.2% of UAZ for RUB850.3m

13 September 2013 | Graeme Roberts

RUSSIA: Sollers acquires 13.2% of UAZ for RUB850.3m Graeme Roberts Russian car producer and Ford JV partner Sollers has acquired a 13.2% stake in its subsidiary UAZ from the government for RUB850.307... read more


CHINA: Jiangling posts 11% gain in net profit

19 July 2013 | Tony Lewis

CHINA: Jiangling posts 11% gain in net profit Tony Lewis Jiangling Motors, the light truck and SUV maker in which Ford has a 30% holding, posted net profits for the first half of the year of CNY937m ... read more


CHINA: Ford raises stake in Jiangling Motors

18 April 2013 | Graeme Roberts

CHINA: Ford raises stake in Jiangling Motors Graeme Roberts Ford has raised its stake in Jiangling Motors to 31.5% and is looking to increase it to as much as 32% over the next year, both c... read more


CHINA: Geely in pole position for Fisker stake

19 February 2013 | Chris Wright

CHINA: Geely in pole position for Fisker stake Chris Wright Geely could secure a majority stake in electric car maker Fisker Automotive, sources have told China Daily . Fisker is looking for a st... read more


CHINA: Chery relies on government subsidy for profit - report

19 November 2012 | Graeme Roberts

CHINA: Chery relies on government subsidy for profit - report Graeme Roberts Chery Automobile, once China's largest home-grown automaker and Tata Motors' JLR's partner in the country , is relying on... read more


INDIA: Labour strife hits Maruti Suzuki profits

30 October 2012 | Graeme Roberts

INDIA: Labour strife hits Maruti Suzuki profits Graeme Roberts Maruti Suzuki has reported a 5.4% fall in second fiscal quarterly profit, its fifth straight such dip, after it was hit by production ... read more


CHINA: Ford/Jiangling JV targets heavy truck sales with acquisition

8 August 2012 | Graeme Roberts

CHINA: Ford/Jiangling JV targets heavy truck sales with acquisition Graeme Roberts Ford’s light commercial vehicle joint venture in China will expand into heavy trucks through a major acquisiti... read more


RUSSIA: Sollers to inject RUB750m into car JV with Mazda

7 August 2012 | Graeme Roberts

RUSSIA: Sollers to inject RUB750m into car JV with Mazda Graeme Roberts Russian car manufacturer (and Ford joint venture partner) Sollers plans to inject RUB750m (US$23.7m) into the charter capital o... read more


RUSSIA: Sollers CFO increases stake

21 May 2012 | Dave Leggett

RUSSIA: Sollers CFO increases stake Dave Leggett Nikolai Sobolev , the CFO of Russian automaker Sollers, has increased his stake in the company to 0.29% from 0.14%, according to a statement from Soll... read more


RUSSIA: UAZ swings to net profit in first quarter

16 May 2012 | Graeme Roberts

RUSSIA: UAZ swings to net profit in first quarter Graeme Roberts Russian automaker Ulyanovsk Automobile Plant (UAZ), controlled by Ford's local partner Sollers, posted a net profit of RUB70.8m (US$2.... read more


RUSSIA: City official says St Pete plants not profitable yet

25 April 2012 | Graeme Roberts

RUSSIA: City official says St Pete plants not profitable yet Graeme Roberts Car makers located in St Petersburg - dubbed the Detroit of Russia by some industry observers - continue to operate at a lo... read more


CHINA: Ford van partner Jiangling boosts 2011 profit 9.3%

20 March 2012 | Graeme Roberts

CHINA: Ford van partner Jiangling boosts 2011 profit 9.3% Graeme Roberts Net profit at Chinese minivan maker Jiangling Motors increased 9.31% year on year in 2011 to CNY1.871bn. According to the X... read more


INDIA: Ford, PSA, get Gujarat factory tax breaks

24 February 2012 | Graeme Roberts

INDIA: Ford, PSA, get Gujarat factory tax breaks Graeme Roberts The Gujarat government has given tax relief to Ford and Peugeot which are building or planning new car and engine factories in the stat... read more


INDIA: JBM Cadmium acquires Tesco Go engineering services

4 January 2012 | Satnam Singh

INDIA: JBM Cadmium acquires Tesco Go engineering services Satnam Singh JBM Cadmium, part of JBM Group, has acquired Tesco Go, which provides product development engineering services to the auto, rail... read more


SOUTH AFRICA: IDC loan could pave way for further cooperation: Ramsay Engineering

17 August 2011 | Simon Warburton

SOUTH AFRICA: IDC loan could pave way for further cooperation: Ramsay Engineering Simon Warburton Ramsay Engineering says it could look to work further with South Africa's Industrial Development Corp... read more


INDIA: Costs reduce Motherson Sumi Q1 profit

29 July 2011 | Graeme Roberts

INDIA: Costs reduce Motherson Sumi Q1 profit Graeme Roberts Motherson Sumi Systems has posted a lower than expected 10% rise in quarterly profit due to higher costs. The world's largest maker of r... read more


INDIA: Motherson Sumi takes control of Peguform

14 July 2011 | just-auto.com editorial team

INDIA: Motherson Sumi takes control of Peguform just-auto.com editorial team Indian automotive components firm Motherson Sumi Systems has acquired an 80% stake in Germany-based plastics component mak... read more


CHINA: BAIC unit close to Inalfa completion

27 June 2011 | just-auto.com editorial team

CHINA: BAIC unit close to Inalfa completion just-auto.com editorial team Beijing Hainachuan Automotive Parts, a subsidiary of BAIC Group, has said its acquisition of Inalfa Roof Systems will be compl... read more


TURKEY: Ford Otosan profits beat estimates

22 February 2011 | just-auto.com editorial team

TURKEY: Ford Otosan profits beat estimates just-auto.com editorial team Ford Otosan booked a 57% rise in net profit to TKL195.7m (US$123.6m) in the fourth quarter, comfortably beating forecasts thank... read more


BRAZIL: New automaker players eye government incentives

24 January 2011 | Fernando Calmon

BRAZIL: New automaker players eye government incentives Fernando Calmon Approval of incentives by Brazil's federal government, in conjunction with the north east regional Pernambuco government, res... read more


CHINA: Ford may increase stake in Jiangling

17 December 2010 | just-auto.com editorial team

CHINA: Ford may increase stake in Jiangling just-auto.com editorial team Ford is planning to raise its 30% stake in Jiangling Motors, according to Reuters, citing a source with direct knowledge of th... read more


GERMANY/TURKEY: Ford spending $630m on Kocaeli Transit plant

11 October 2010 | Graeme Roberts

GERMANY/TURKEY: Ford spending $630m on Kocaeli Transit plant Graeme Roberts Ford Otosan – the Turkish joint venture owned by Ford and local company Koç Holding – will invest 950m... read more


HONG KONG: Geely beats H1 forecasts

25 August 2010 | just-auto.com editorial team

HONG KONG: Geely beats H1 forecasts just-auto.com editorial team China's Geely Automobile Holdings, whose parent bought Ford's Volvo unit this month, has warned of tougher competition and slower s... read more


SOUTH AFRICA: Union claims strike costing industry R12m per day

17 August 2010 | Simon Warburton

SOUTH AFRICA: Union claims strike costing industry R12m per day Simon Warburton A South African union leading the country's widespread automotive strike claims the industry is losing up to R12.5m (US... read more


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