After the announcement last month that BMW was increasing U.S. production while cutting jobs in Germany, the CFO of the German automaker, Michael Ganal, told WirtschaftsWoche magazine that the automaker intends to make other significant changes as the dollar continues to depreciate against the euro. As of today, the volume of cars produced in BMW's Spartanburg plant contributes to about 22 percent of the company's overall sales. However, these vehicles only account for about 10 percent of the ma
Toyota Australia is looking to expand its hybrid line-up in Australia, which currently just encompasses the Prius and two Lexus hybrids, with a locally manufactured Camry petrol-electric hybrid. Discussions are under way with the Japanese head office to get the go-ahead to start producing hybrid Camrys based on the next-generation update which is scheduled for delivery during 2011. This is the first time an Australian manufacturer has announced a possible date for the local production of a hybri
India's Tata Motors and Italian auto giant Fiat have agreed to form a joint venture to create and establish a new auto plant in Ranjangaon, India. Tata Motors is India's largest automobile company and is its leader in commercial vehicles and second in passenger vehicles.