Articles

  • Germany: MAN SE proposes new board member

    MAN SE’s supervisory board will propose that Ulf Berkenhagen be elected as a new member at the next annual general meeting, scheduled for 1 April. Berkenhagen is a member of Audi’s board of management, where he has been responsible for Purchasing since 2006. The OEM is looking to fill the…

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    US: GM to announce engine investment

    General Motors is expected to announce new engine investment plans across three US facilities later today, 18 February. Announcement events will be held at the company’s Tonawanda plant in New York, the Bay City plant in Michigan, and the Defiance foundry in Ohio. So far, the OEM has only revealed…

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    Sweden: Volvo proposes Schweitzer as chairman

    AB Volvo’s Election Committee will propose at the annual general meeting on 14 April that Louis Schweitzer be elected as the new chairman. The members of the Election Committee represent owners holding 50% of the total number of voting rights in the company. Schweitzer took over as chairman in January…

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    US: S&P upgrades American Axle

    Standard & Poor’s has made a one-notch upgrade to the rating of American Axle, to B-, taking it out of highly speculative territory. The ratings agency cites the supplier’s recently-announced improved Q4 2009 operating results and liquidity. The view is now stable. In early February 2010, American Axle announced Q4…

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  • China: Chery plans Yuan 20bn outlay to boost capacity

    Chinese vehicle manufacturer Chery Automobile plans to invest Yuan 20bn (US$2.93bn) to increase its domestic production capacity. For this project, Chery is looking at Ordos, Inner Mongolia Autonomous Region, in northern China. According to a report carried by Global Times, the OEM has confirmed that it is indeed holding talks…

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  • UK: EV residual values seen impossible to forecast

    Vehicle valuation specialist CAP has announced that it believes uncertainty over the performance of electric vehicles (EVs) means reliable future residual value forecasting is currently impossible. CAP, which is part of Emap Ltd, believes that one of the major issues is that battery replacement costs threaten to render commercial electric…

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  • US: Renault becomes GENIVI alliance core member

    The San Ramon, California-headquartered GENIVI alliance, an auto industry association driving the development and adoption of an open in-vehicle infotainment (IVI) reference platform, has announced that Renault has joined as a core member. In addition, the alliance announced that Cisco Systems, Marvell International, NXP Semiconductor, Renesas Technology Corporation, Samsung Electronics and

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  • Indonesia: Domestic car sales on the rise in January

    New car sales in Indonesia increased by 67% year-on-year, reaching 52,831 units in January 2010, compared with the figures reported in the corresponding month a year ago. Sales were also up by 10% compared with 47,948 cars sold in December 2009. According to the Indonesian Automotive Industry Association (Gaikindo), last…

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    US: Toyota Corolla steering under investigation

    In what could develop into the next safety recall at Toyota, the OEM and US officials are now investigating complaints with regard to the Toyota Corolla’s steering system. According to Shinichi Sasaki, Toyota executive in charge of quality control, the OEM is currently reviewing less than 100 complaints about the…

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    Germany: Daimler extends contracts of Zetsche & Weber

    At its meeting on 17 February, the supervisory board of Daimler AG has extended the contracts of Dieter Zetsche and Thomas Weber until 31 December 2013. Zetsche is the chairman of the board of management of Daimler AG, and head of Mercedes-Benz Cars. He has been a member of the…

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    Japan: Toyota sets forth quality reform plan

    Toyota has outlined the steps it plans to take to address the rising quality concerns following its recent recall debacle. Details of the plan were presented at a press conference today (17 February) in Tokyo. A new chief quality officer will be appointed for each principal geographical region. These officers,…

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  • US: NIST opens hydrogen test facility

    The National Institute of Standards and Technology (NIST) Boulder Labs recently opened a hydrogen test facility. The new unit, the largest of its kind in the US, will evaluate how component parts a hydrogen distribution system (such as pipes, valves, fittings and pumps) will react to the gas, which can

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  • India: Tyre shortage impacts Tata Motors’ CV output

    A shortage of key components, such as truck/bus radial tyres, has forced Tata Motors to cut output of its commercial vehicles by 5-10%. “There is no one specific supplier that is leading to this shortfall. Most of the industry has been affected for the last one to two months with…

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