Articles

  • US: Toyota names regional CFO

    Toyota Motor Sales, USA has appointed Katsuyuki Kusakawa as its new chief financial officer. Kusakawa, currently senior vice president and treasurer, joined Japanese-based parent Toyota Motor Corporation in 1980. In his new role he will remain based in Torrance, California. In addition, Barbra Cooper, currently group vice president and chief…

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    Germany: Weak H1 dampens 2009 Mercedes sales

    Sales at Mercedes-Benz Cars rose 9.6% year-on-year in December to 107,600 units, thanks to a 12.4% jump in Mercedes-Benz sales to 97,700 units. smart sales in December fell 12% to 9,900 units. Despite the overall rise in December, total 2009 sales at Mercedes-Benz Cars remained down 10.1% at 1,129,300 units.…

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    US: GM confirms Cadillac Converj production

    General Motors’ chairman Bob Lutz has confirmed that the OEM intends to build a version of the Cadillac Converj extended range hybrid sometime in 2013 or later, reports Reuters, citing comments from Lutz made at an event organized by the Society of Automotive Analysts in Detroit. Last November, the Detroit

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  • US: Panasonic to supply battery cells for Tesla

    Tesla has chosen Panasonic to supply it with nickel-based lithium-ion battery cells for battery packs used in its electric vehicles and the two companies will collaborate to build more affordable and efficient lithium nickel batteries. “Being selected by Tesla to provide cells for their current and next- generation EV battery…

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    Sweden: AlixPartners to oversee Saab wind down

    Following a recent flurry of bids for its Saab business, General Motors has announced that it has selected AlixPartners to supervise Saab’s wind down. GM notes that the use of a wind down supervisor is common in Sweden, and it has requested approval of its selection from the Swedish authorities.…

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  • Germany: A-Class E-Cell production starts in October

    Daimler has confirmed that it will begin production of an electric version of the Mercedes-Benz A-Class in October 2010. Production of the electric A-Class, to be badged A-Class E-Cell, will be limited to 500 units, which will be available for lease to selected customers for four years or 60,000km. The

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  • US: Mahindra eyes Navistar plant for pick-up assembly

    Pawan Goenka, the president of Mahindra & Mahindra’s automotive division, has confirmed that the company is considering assembling pick-ups at a Navistar plant in the US. The Wall Street Journal, citing comments by Goenka in an interview with Dow Jones, reports that a final decision on the matter is expected

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  • Turkey: Vehicle production down 24% in 2009

    Despite an increase in production in November and December 2009 of 30% and approximately 70% respectively, Turkey’s Automotive Industry Association (OSD) has reported that full-year vehicle production in Turkey fell by 24% year-on-year to 869,953 units. The majority of vehicles built in Turkey are exported, and the end of year…

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  • Articles

    Sweden: Genii Capital confirms Saab bid

    Luxembourg-based investment firm Genii Capital has confirmed that it has submitted a bid to acquire GM’s Saab operations in collaboration with Formula One boss Bernie Ecclestone. In a statement, the company explains that its diverse investments and knowledge of the automotive industry will allow it to “add value to the

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  • India: Maruti Suzuki Eeco unveiled at Auto Expo

    Suzuki’s Indian subsidiary Maruti Suzuki India has unveiled its new offering in the C segment, the Eeco minivan, designed specifically for the domestic market. The Eeco replaces the OEM’s older minivan, the Versa, and retains the Versa’s general shape and dimensions. The five-door Eeco offers seven- and five-seater options, and…

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  • India: OEMs report strong sales in December

    Low automotive sales in December 2008, when the industry was significantly affected by the economic slowdown, boosted OEMs’ sales growth rates last month. The leader in the passenger car segment, Maruti Suzuki, accounted for total sales of 84,804 units (+50.6%), up from 56,293 units a year earlier. The bulk of…

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  • India: Eicher reports rise in December sales

    VE Commercial Vehicles (VECV), the 50:50 joint venture between Eicher Motors and Volvo Trucks in India, has reported sales of 2,665 Eicher branded trucks and buses in December 2009, compared with 748 units a year ago. This was comprised of 2,378 domestic sales, up 374% year-on-year, and a 17% rise

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  • US: Polaris enters LSV market with electric model

    Polaris Defense has entered the low-speed vehicle market with the introduction of its electric Low Speed Vehicle (LSV), the Polaris EV LSV, targeted at military on- and off-road use. The vehicle is based on the Polaris Ranger EV platform and is the company’s first off-road electric vehicle. The vehicle is…

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