Tag: Industry

GM Sells Off Russian Assembly Operation That Builds Chevrolet Niva

General Motors has been slowly, but steadily reducing its global operations, with the latest move coming after the American company agreed to sell its 50-percent stake in the GM-AvtoVAZ Russian joint venture which builds the Chevrolet Niva SUV. GM’s share in the company will be bought by its joint venture partner, the Renault-owned AvtoVAZ Group. […]

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GM And Isuzu Building Diesel Engine Components Plant In Ohio For HD Pickups

General Motors and Isuzu have announced they will build an all-new diesel engine components plant in Brookville, Ohio. The two carmakers will invest $175 million through their DMAX joint venture (60 percent owned by GM and 40 percent by Isuzu Diesel Services of America) to build a new 251,000 sq-ft (23,319 sq-m) facility. The new […]

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Mercedes Has Built 500,000 Current-Generation S-Class Sedans, One In Three Went To China

The Mercedes-Benz Sindelfingen plant in Germany has built the 500,000th current-generation S-Class sedan since its introduction in 2013. This brings all-time S-Class production number to around four million since the market launch of the 220 model in 1951. That’s quite a remarkable achievement since we’re talking about the brand’s flagship model that starts at $94,240 […]

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BMW Will Make Future Electric MINIs With Great Wall In China

BMW and Great Wall announced the launch of their new joint venture in China called Spotlight Automotive, which will establish a new factory dedicated in producing future electric Mini models. The new factory will be located near Zhangjiagang, China and have an annual capacity of 160,000 vehicles. As reported back in July, the new facility […]

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Global Car Sales Tipped To Fall By 3.1 Million Units This Year Mostly Due To Chinese Slowdown

Global new car sales are tipped to experience their steepest year-over-year decline since the financial crisis of 2008. According to the Fitch Ratings economics team, as reported by CNBC, global car sales are tipped to fall by about 3.1 million in 2019, citing data from the International Organisation of Motor Vehicle Manufacturers. It is believed […]

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