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BRAZIL: Auto profit remittances come to a halt

12 June 2015 | Fernando Calmon

BRAZIL: Auto profit remittances come to a halt Fernando Calmon In 2006, when Brazil’s central bank (BCB) started issuing statistics on the profits remitted abroad categorised by the different s... read more


RUSSIA: Wild currency ride sees GM temporarily suspend wholesaling

18 December 2014 | Simon Warburton

RUSSIA: Wild currency ride sees GM temporarily suspend wholesaling Simon Warburton Russia's chaotic currency situation has led General Motors to temporarily suspend wholesaling of vehicles to dealers... read more


RUSSIA: Sales suspended as ruble crisis bites

18 December 2014 | Chris Wright

RUSSIA: Sales suspended as ruble crisis bites Chris Wright Car makers are pulling down the shutters at dealerships across Russia because of the currency crisis which has seen a 40% drop in the value ... 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


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


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


CHINA: GM buys back 1% stake in joint venture

18 February 2013 | Graeme Roberts

CHINA: GM buys back 1% stake in joint venture Graeme Roberts General Motors, which runs 12 joint ventures in China, said it had repurchased a 1% stake in its joint venture with SAIC Motor which it so... 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: 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


JAPAN: Toyota scraps forecast as Thai floods hit

8 November 2011 | Graeme Roberts

JAPAN: Toyota scraps forecast as Thai floods hit Graeme Roberts Toyota has followed Honda in scrapping profit forecasts after Thailand’s worst floods in almost 70 years hit efforts to recover f... 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


CHINA: GM supremo promises continued aggressive investment

15 February 2011 | just-auto.com editorial team

CHINA: GM supremo promises continued aggressive investment just-auto.com editorial team General Motors' chairman and CEO Dan Akerson met Chinese media for the first time on Tuesday and said the autom... read more


CHINA: SAIC close to GM stake decision

3 November 2010 | just-auto.com editorial team

CHINA: SAIC close to GM stake decision just-auto.com editorial team SAIC Motor Corp is close to making a decision on whether to buy a stake in its long-time partner General Motors as the latter go... read more


CHINA: Buffett may raise BYD stake

29 September 2010 | just-auto.com editorial team

CHINA: Buffett may raise BYD stake just-auto.com editorial team Contrary to earlier  speculation , billionaire US-based investor Warren Buffett has discussed the possibility of raising his 10%... 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


INDIA: Maruti shares tumble as income drops

26 July 2010 | just-auto.com editorial team

INDIA: Maruti shares tumble as income drops just-auto.com editorial team   Shares in India’s leading carmaker, Maruti Suzuki, fell the most in more than a year in Mumbai after first-qua... read more


ARGENTINA: GM to repay half loan early

2 June 2010 | just-auto.com editorial team

ARGENTINA: GM to repay half loan early just-auto.com editorial team General Motors has said it was repaying early half of a loan of US$63m from the Argentine government provided when it went into ban... read more


BRAZIL: GM announces further investment at Sao Paulo plant

2 June 2010 | just-auto.com editorial team

BRAZIL: GM announces further investment at Sao Paulo plant just-auto.com editorial team General Motors is to invest an additional US$384.62m to modernise and boost production at its Caetano do Sul pl... read more


HONG KONG: Geely shares dip after earnings fall

12 April 2010 | just-auto.com editorial team

HONG KONG: Geely shares dip after earnings fall just-auto.com editorial team Shares in Geely Automobile Holdings , the listed arm of China's largest private carmaker, fell over 5% after it posted a w... read more


BRAZIL: GM earmarks $778m for two factories

23 March 2010 | Graeme Roberts

BRAZIL: GM earmarks $778m for two factories Graeme Roberts General Motors do Brasil has said it would spend BRA$1.4bn (US$778m) on two plants in São Caetano do Sul and Mogi das Cruzes, both in... read more


CHINA: Hummer sale to Tengzhong remains uncertain

24 February 2010 | Simon Warburton

CHINA: Hummer sale to Tengzhong remains uncertain Simon Warburton Plans by Chinese engineering company Sichuan Tengzhong Heavy Industrial Machinery to acquire General Motor's Hummer unit appear to ha... read more


CHINA: SAIC, GM, to expand cooperation in Asia

4 December 2009 | just-auto.com editorial team

CHINA: SAIC, GM, to expand cooperation in Asia just-auto.com editorial team China's Shanghai Automotive Industry Corporation Group (SAIC) and General Motors Company on Friday said they would extend t... read more


CHINA: Car sales surge as analysts predict lower 2010 growth

13 October 2009 | just-auto.com editorial team

CHINA: Car sales surge as analysts predict lower 2010 growth just-auto.com editorial team Car sales in China soared almost 84% year on year last month as government incentives continued to fuel an au... read more


CHINA: Geely eyes Opel-Magna

17 September 2009 | just-auto.com editorial team

CHINA: Geely eyes Opel-Magna just-auto.com editorial team Geely Automobile Holdings has approached Magna International about a potential partnership involving Opel, a media report said. Talks betw... read more


CHINA: Opel bid stumbled on IPR issues - Beijing Auto

24 July 2009 | just-auto.com editorial team

CHINA: Opel bid stumbled on IPR issues - Beijing Auto just-auto.com editorial team China's Beijing Auto said intellectual property issues were behind its failure to reach a deal to buy General Motors... read more


CHINA: BAIC Opel bid 'faces long odds' - magazine

7 July 2009 | just-auto.com editorial team

CHINA: BAIC Opel bid 'faces long odds' - magazine just-auto.com editorial team State-owned Beijing Automotive (BAIC) faces long odds in its bid to buy Opel, as China remains wary of firms taking ov... read more


BRAZIL: GM Mercosur plans unaffected by US parent's woes

15 June 2009 | just-auto.com editorial team

BRAZIL: GM Mercosur plans unaffected by US parent's woes just-auto.com editorial team General Motors' plans for the Mercosur region will not be affected by the parent company’s bankruptcy in the US d... read more


CHINA/US: New bidder emerges for Volvo Cars

11 June 2009 | just-auto.com editorial team

CHINA/US: New bidder emerges for Volvo Cars just-auto.com editorial team Beijing Automotive Industry Holding (BAIC) has shown interest in buying Ford's Volvo car unit, according to media reports. ... read more


RUSSIA: Magna and Sberbank seek GM Russia assets

4 June 2009 | just-auto.com editorial team

RUSSIA: Magna and Sberbank seek GM Russia assets just-auto.com editorial team The Canadian-Russian consortium which is buying a controlling stake in Opel AG operations is also seeking to acquire all ... read more


RUSSIA: Government OKs regional auto purchases

28 April 2009 | just-auto.com editorial team

RUSSIA: Government OKs regional auto purchases just-auto.com editorial team Russia’s industry and trade ministry has approved a list of car manufacturers whose models are eligible for regional govern... read more


CHINA: Wagoner axe won't hurt GM China he championed

31 March 2009 | just-auto.com editorial team

CHINA: Wagoner axe won't hurt GM China he championed just-auto.com editorial team The forced removal of General Motors' CEO Rick Wagoner by the Obama administration will have no impact on the company... read more


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