Wards Auto - Honda’s U.S. market share rose 7 percentage points to 9.8% through October, closing in on its high of 10.6% in 2010 and helping put distance between it and Asian rivals that are thought to have benefited from the auto maker’s decline.
Automotive Logistics Magazine – Toyota has announced it is planning to spend $1.35 billion over the next five years to boost production in Indonesia and will more than double capacity by 2014 with the introduction of a second plant in Karawang next year. It is also planning to boost its dealer outlets across the country […]
Automotive Logistics Magazine -Â Toyota has recently completed a trial project for vehicle throughput at the Turkish Autoport terminal near Koecaeli, with operator Arkas Group. The trial involved 1,500 imported vehicles and 475 exports, and is the biggest vehicle handling project terminal has handled since it opened in June 2008.
Automotive Logistics Magazine – Daimler’s Mercedes-Benz division has started production of its M-Class SUV in India following the delivery of semi-knockdown (SKD) kits from the US that began this autumn. It is first time the carmaker has assembled M-Class in the country and it now joins C-Class, E-Class and S-Class luxury sedans production there. Around […]
Having languished for decades in a crowded field of mass-market nameplates, Mazda will reposition itself as a more premium brand, Mazda Motor Corp. CEO Takashi Yamanouchi said. “The question is: In the global market, what is the significance of a player with a mere 2 percent?” Yamanouchi told Automotive News last week
The weak European market is slowing Kia’s growth plans in the region. A target of 3 percent market share, originally set for 2013 and then delayed to 2015, has been postponed to 2016 or 2017. Nevertheless, Kia expects European sales to rise 13 percent
Honda aims at selling 850,000 vehicles in Japan in the year ending March 2013, an increase of 16% from the previous target. In October, Honda reduced its full-year target to 4.12 million vehicles and cut its profit target by a fifth after sales in China were hardly hit in September and October the violent anti-Japan […]
From The Detroit News: The $240 million investment in southeastern Michigan that Chrysler Group LLC announced Thursday — a move that will create 1,250 jobs — goes beyond what CEO Sergio Marchionne committed to in negotiations with the United Auto Workers, according to union leaders.
Automotive Logistics Magazine – Although Toyota has roared back to the top of the global sales chart, driven by recovery in North America and Asia, a European market in its fifth consecutive year of decline has left the manufacturer’s volume in the region close to 40% lower than its 2007 peak. While Toyota Motor Europe […]
