The Indian government will continue with the current excise tax cut beyond December.
TRW will become a separate business division within ZF after the two struck a deal under which ZF will acquire all outstanding shares in TRW.
Car makers in Argentina have enough dollars to meet production and sales targets, the government said following reports that General Motors had suspended exports from neighbouring Brazil due to a hard currency shortage.
The Renault-Nissan Alliance reportedly is planning to retrench on electric vehicle battery making, consolidating next generation output, currently in the US and UK, in Japan and outsourcing production to LG Chem which could even take over one or both of the plants outside Japan.
Renault’s Le Mans plant will start making chassis parts for the next generation Nissan Micra from late 2016.
Bosch is to take over completely electric power steering specialist ZF Lenksysteme (ZFLS) which until now has been operated as a 50-50 joint venture by the two rival tier one suppliers.
New vehicle sales in the Philippines rose by 39.5% to around 19,120 units in August, from 13,704 units in the same month of last year, according to the Chamber of Automotive Manufacturers of the Philippines (CAMPI).
Maruti Suzuki India (MSI) plans to launch a light commercial vehicles (LCV) project on a limited scale.
Ford plans to release four new cars in India in the next 18 to 20 months.
Honda Cars India will build a manufacturing plant in Gujarat, India, its third in the country, though plans are only at an early stage.
Opel’s Mokka small SUV (also sold as a Vauxhall in UK) is now assembled at General Motors’ assembly plant in Zaragoza, Spain.
Ferrari booked a record half year trading profit up 5.2% to EUR185m on revenues of EUR1,348.6m (+14.5%).