Euro Auto Trends


SOUTH AFRICA: Confrontations as NEASA members enforce lock-out

Posted in New & Coming Models by frank on the July 31st, 2014

South African employer body, NEASA, says it will have a clearer picture tomorrow (1 August), of how many its 3,000 members are complying with a request to lock out metalworkers formerly on strike in the dispute that saw many car plants idled.

JAPAN: Mitsubishi operating income up 93.1%

Posted in Current Models,New & Coming Models by frank on the July 31st, 2014

Mitsubishi Motor Corporation’s net sales for the first quarter of the fiscal year ending 31 March 2015 were up 25.5% year on year to JPY513.79bn (US$5.018bn) compared with JPY409.43bn.

JAPAN: Denso Q1 operating income down 16.7%

Posted in New & Coming Models by jonas on the July 31st, 2014

Denso’s consolidated net sales for the fiscal first quarter ended 30 June 2014 rose 3.2% year on year to JPY1.03 trillion (US$10.2bn). Operating income was down 16.7% to JPY85.05bn.

INTERVIEW: Audi’s ‘Mr RHD’ retires

Posted in Current Models,Market Trends by frank on the July 31st, 2014

David Ingrams, who retired from Audi UK’s press office today (31 July) played a key role in helping the German automaker’s engineers achieve “uncompromised” right hand drive configurations and also oversaw a collection of about 50 classic carss, many of which he helped to launch when new. The man who praised Audi for taking the long-term view has himself served 36 years with the automaker and the connection may not yet be completely severed.

VENEZUELA: Chinese automakers expanding in Venezuela

Posted in Current Models,New & Coming Models by frank on the July 31st, 2014

China’s Chery Automobile has signed an agreement to export 13,000 cars to Venezuela this year.

SOUTH AFRICA: Tyre-brandishing pictures ‘unhelpful’: MEIBC

Posted in Current Models by jonas on the July 31st, 2014

South Africa’s engineering bargaining council (MEIBC), says pictures of striking employees carrying tyres were ‘not very helpful’ as the country starts to recover from the near five-week walkout.

JAPAN: Nissan expects Takata to refund all recall costs

Posted in Current Models,Market Trends by frank on the July 31st, 2014

Nissan Motor said its Japanese supplier of airbag systems, Takata Corporation, is expected to meet all the costs relating to its massive car recall last month.

GERMANY: Daimler announces Singelfingen spend

Posted in New & Coming Models by jonas on the July 31st, 2014

Daimler is to spend EUR1.5bn (US$2bn) to modernise the Mercedes-Benz Sindelfingen plant by 2020 and has also reached a multi-year agreement with the works council on cost reductions worth several million euros.

US: Goodyear posts second quarter revenue down 4% to US$4.7bn

Posted in Current Models,Market Trends by jonas on the July 31st, 2014

Goodyear is reporting second quarter revenue down 4% to US$4.7bn, although tyre unit volumes rose 3% to 40.6m.

GERMANY: ZF said to be in TRW acquisition talks

Posted in Current Models,Market Trends,New & Coming Models by jonas on the July 31st, 2014

ZF Friedrichshafen is said to be in advanced talks to acquire TRW Automotive Holdings in a deal estimated at nearly US$12bn.

July 2014 management briefing: ASEAN sales fall 11% in H1

Posted in Market Trends by jonas on the July 30th, 2014

New vehicle sales in the ASEAN region’s six main markets continued to decline in the second quarter, by 6.7% to 811,461 units, according to data compiled by Tony Pugliese from various industry sources.

SOUTH AFRICA: NEASA fights back against NUMSA fury

Posted in New & Coming Models by jonas on the July 30th, 2014

South African employer body, NEASA, says the trade union leading the country’s recent huge metalworking strike should concentrate on the issues, rather than resorting to ‘personal battles.’

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