Articles

  • UK: Nissan brings back 3rd shift at Sunderland

    Nissan plans to introduce a temporary third production shift at its Sunderland plant in the UK, thanks to strong demand for its Qashqai model. The plant operated on two shifts over the course of last year, but demand is now outpacing supply. An updated version of the Qashqai is scheduled

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  • Korea/China: Autoliv acquires Delphi operations

    Autoliv has announced it has agreed to acquire substantially all of Delphi’s Occupant Protection Systems (OPS) operations in Korea and China, operations that are expected to generate approximately US$250m of annualised sales in 2010. The transaction includes intellectual property, physical assets and a workforce of approximately 600 associates in Korea…

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    US: Ford reports pre-tax profit of US$454m in 2009.

    Ford has reported Q4 2009 net income of US$868m, a US$6.8bn improvement from the same period of 2008. Pre-tax operating profits of US$1.75bn, excluding special items, represented a US$5.48bn advance from Q4 2008. The latest quarter’s results took full year net income to US$2.7bn, a US$17.5bn increase from a year ago, and

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  • China: Tax based on vehicular emissions on the horizon

    Zhang Yanyou, deputy head of the Beijing Development and Reform Commission (BDRC), has said that the government may tax vehicles based on the level of emissions in the future. “The central government is researching the subject of environmental tax reform of vehicles, including a measure to tax vehicles owners according…

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  • South Korea: Hyundai Mobis lifts margins in 2009

    Hyundai Mobis has reported Q4 2009 revenue of Won 3.18tr (US$2.74bn), a rise of just under 31% from the Won 2.43tr recorded in the same period of 2008. Operating profit in Q4 amounted to Won 350bn, a margin of 11%, up 4.8% from Won 334bn in Q4 2008 (13.7%), while

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  • Articles

    France: Plastic Omnium raises 2009 earnings forecast

    Plastic Omnium has announced that its consolidated revenue rose 16.8% in Q4 2009 to €716.3m (€613.4m in Q4 2008), an increase that helped limit the fall in full-year 2009 revenue to 8.8%. The 2009 revenue result was €2,458.6m, down from €2,696.5m in 2008. At the end of September 2009, revenue

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  • Bahrain: BYD appoints Fakhro Motors as sole distributor

    Chinese vehicle manufacturer BYD Auto has entered into an agreement with Bahrain-based Fakhro Motors, a division of Abdulla Yousif Fakhro & Sons (AYFS), to distribute BYD-branded cars in Bahrain. The agreement was signed at BYD’s headquarters in Shenzhen, China. The brand’s official launch in Bahrain is expected to take place…

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  • US: Project Get Ready gains additional support

    Underwriters Laboratories (UL) has announced it has recently signed a memorandum of understanding with the Rocky Mountain Institute (RMI) to support Project Get Ready, an initiative to aid US cities preparing for widespread adoption and use of electric vehicles (EVs) in their communities. As a technical advisor, UL, which is…

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  • US: Remy extends electric motor contract with Allison

    Remy International has announced that it has reached a long-term agreement with Allison Transmission to continue supplying Remy electric motors for the GM-Allison Hybrid EP40 and EP50 systems. The GM-Allison systems are two-mode parallel hybrids for buses. Currently, the GM-Allison Hybrid Drive systems with Remy electric motor technology are operating

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  • Articles

    South Korea: Hyundai Motor ends 2009 on strong note

    Hyundai Motor Company has reported financial results for the quarter and full year ended 31 December 2009 showing a strong uptick in Q4 earnings at the operating and net levels and overall improvements for the full year. The company recorded Q4 2009 revenues of Won 9.65tr, a rise of 9.3%…

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  • France: Renault launches business eco2 range

    Renault has introduced a range of eco2 models for its business customers in France. All vehicles in the eco-friendly line-up boast CO2 emissions of less than 140g/km or are powered by biofuel. All are produced in an ISO 14001 certified plant and are 95% recoverable at end-of-life with at least

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    Italy: Fiat plans fortnight production halt

    Fiat plans to halt production across its Italian plants for two weeks, from 22 February to 7 March, reports Agence France-Presse. A company spokeswoman explained that the move is due to a drop in orders. Around 30,000 workers will go on temporary layoff. Associated Press reports that the decision has…

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    France: Renault launches own television channel

    Renault is launching its own 24-hour television station to showcase the brand, its products and latest news. Renault TV officially debuts today, 28 January, in France on channel 349 on Canalsat and in the UK on Sky Guide 883. The new station is geared at entertaining, informing and inspiring, according

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