Mazda Motor Corp. will produce a subcompact vehicle for Toyota Motor Corp. at its new Mexican assembly plant starting in 2015, as the carmakers seek ways to boost North American output. From Automotive News
Mazda Motor Corp. will produce a subcompact vehicle for Toyota Motor Corp. at its new Mexican assembly plant starting in 2015, as the carmakers seek ways to boost North American output. From Automotive News
American Suzuki Motor Corp., rocked by a plunge in volume while the industry has climbed back from recession, is ending U.S. auto sales after nearly 30 years and filed for Chapter 11 bankruptcy protection.  – By Automotive News
General Motors Co. said Monday it had more than doubled its current line of credit to $11 billion — a key step toward returning to investment-grade status. From The Detroit News:
Ford announced a restructuring of its European operations last week that will see the closure of its Genk assembly facility in Belgium as well as two facilities in the UK: the Ford assembly plant in Southampton and its stamping and tooling operations in Dagenham.
Hyundai and Kia overstated the gas mileage on most of their models from the past three years in an embarrassing blunder that could bring sanctions from the U.S. government and millions of dollars in payments to car owners.
General Motors posted $1.48 billion in net profits during the third quarter despite wider losses in Europe, where GM now vows to break even by the middle of this decade.
DETROIT — Ford Motor Co. appointed Mark Fields, president of the Americas unit, as COO, putting him in line to succeed Alan Mulally when he retires no sooner than the end of 2014.
The South Korean based automaker Hyundai has recently announced its plans to put the Veloster RE:MIX Concept into production starting from next month. – From InAutoNews
GM’s challenge with global product platforms includes building vehicles that meet individual market requirements and maximizing common content, while also paying close attention to the needs of each market.