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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Aston Martin Claims It’s Not Actively Pursuing New Investors
Aston Martin says it is not actively pursuing new investors while opening its new factory at Saint Athan, Wales late last week. Shortly after it emerged that Canadian billionaire and owner of the Racing Point Formula One team, Lawrence Stroll, was reportedly behind a consortium looking to buy a stake in the British automaker, Aston […]
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United Auto Workers Elect Rory Gamble As New President
Rory Gamble has been named as the new president of the United Auto Workers (UAW) union, The Detroit Free Press reports. Following the recent resignation of Gary Jones, Gamble had been the acting president of the UAW. On Thursday, he was picked as the permanent replacement by the UAW International Executive Board on a unanimous […]
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GM And LG Chem Investing $2.3 Billion In New Ohio Battery Cell Plant
Following the sale of the Lordstown vehicle assembly facility in Ohio, GM plans to build a battery cell assembly plant with LG Chem in the same area. The two companies today announced plans to mass-produce battery cells for future battery-electric vehicles. To that end, GM and LG Chem will form an equally owned joint venture […]
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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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Nissan’s New Boss Doesn’t Want Closer Ties With Renault At The Moment
Nissan’s new CEO Makoto Uchida laid out his strategy to bring the Japanese car maker back to form, but also retain its independence within the Renault alliance. “The alliance is critical to reach our goals,” Uchida said. “We need to look at what worked within the alliance, and what didn’t, and decide how to go […]
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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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Mercedes-Benz Parents To Cut At Least 10,000 Jobs Over The Next Three Years
Daimler, the parent company of Mercedes, announced a series of cost-cutting measures that includes axing at least 10,000 jobs by 2022 in a bid to free capital for the shift towards electric cars. The German car maker said that it’s aiming to cut staff costs by around $1.54 billion (1.4 billion euros) worldwide, following an […]
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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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