Industry

It will eventually build Renault and Datsun models

Renault-Nissan believes that Africa is an emerging market in the earliest stages and is building a factory in Algeria now. It has also just announced plans to upgrade its factory in Lagos, Nigeria, to build the Nissan Patrol. It is scheduled to st...

It will send 40,000 Edge and Explorer models there

China is such a booming business for Ford that it plans to increase shipments of the Edge and Explorer to China by 40,000 vehicles a year. The first shipments of the American and Canadian built cars are starting in the next few weeks. Ford has...

Its goal is to sell 2 million cars a year by 2020

Audi has set the goal of becoming the world leader in luxury cars and selling two million cars a year by 2020. It is on track to sell around 1.5 million cars this is year. According to Audi CEO Rupert Stadler, it is investing €11 billion in n...

It will build engines for Chinese-produced models

Mercedes-Benz has opened its first engine factory outside of Germany in Beijing, China. The factory will be operated with Beijing Automotive Group, Mercedes’ joint venture partner in China. The factory will be able to built 250,000 four- and...

It will build vehicles from knockdown kits at first

Insider sources in the Brazilian government have sold Reuters that Jaguar Land Rover will built a $436.9 million factory in Brazil’s state of Rio de Janeiro, and it could be finished as soon as 2015. The official announcement is tentatively ...

Three of them will come in 2014

Audi will add 11 new models through 2020 by investing €22 billion from 2014 through 2018 in expanding global production, creating new models, and developing new technology. It is the largest investment in the company’s history. It is al...

It will return to 2007 sales levels

The US auto industry is predicted to reach 16 million sales or more in 2014, a return to levels last seen in 2006 and 2007. According to the Automotive News Data Center, US auto sales will reach 15.6 million units in 2013, which means that it woul...

Tesla has been growing gradually and plans to grow in Europe and China

Tesla has built itself up from a boutique sports car maker to an automaker garnering accolades all over the world and rapidly growing sales. Rumors are spreading that General Motors may be eyeing Tesla for a possible buyout. Analyst Yra Harris...

Sales rise will be in single digits

December marked the first signs that auto sales in France, Italy and Spain may be starting to rebound. French sales rose 9%; Spain rose 18%, and Italy rose 1%. While sales in Northern Europe had already begun to rebound, Southern Europe had lagged...

It will build engines for the March and Versa

Nissan is adding a new $60 million engine plant to its Brazilian factory campus in 2014 that will be able to build 200,000 engines a year and employ 200 people. The factory will be built in a converted building at Nissan’s Vehicle Plant ...