The good news is car sales are up, especially in Asia.
Genesis will be in North America, China, South Korea, and the Middle East, but a lack of powertrains will hold up the European launch.
According to Automotive News, automakers are expected to manufacture 16 million light vehicles in North America in 2013. That's up 500,000 units from last year and marks the largest number since 2002. The prediction comes courtesy of LMC Automotive and IHS Automotive, which point to the improving US economy as a bellwether for total production. LMC Automotive says North America will produce 16 million vehicles while IHS has a slightly more optimistic forecast of 16.1 million units. A total of se
Wards Auto began tracking North American light-vehicle production capacity utilization in 2005, and last year produced the highest amount on record: 97.8 percent of available production was utilized, an improvement of 9.3 percent versus the year before. The number represents straight-time capacity plus things like the addition of a third shift or a third crew and worker overtime due to less vacations. Production with straight-time capacity utilizing two shifts still came out to 97.1 percent in 2
Aystery still shrouds the presence of Tata Motors in the US auto market. The Tata eMO concept car received a lot of attention and praise a year ago at the 2012 Detroit Auto Show as an "electric mobility study." Oh, and because it sported a $20,000 price tag and roomy interior. On the gasoline side of the ledger, the redesigned Tata Nano may or may not be available in the US within three years for under $10,000. But where does the eMO stand?
Automotive News reports Toyota saw a sizable jump in third-quarter North American sales and has adjusted its global forecast accordingly. All told, the Japanese automaker sold 598,000 units in North America during the last quarter, marking an increase of 45 percent over the same time period last year. As a result, operating profit in the region also increased to $807.1 million, though Toyota also credits much of that figure to additional output. The company stepped up North American production b
Volvo is hoping to expand production into North America, and according to BusinessWeek, the Swedish automaker is currently on the search for a partnership here in the States. Ideally, this partnership would be with another manufacturer that Volvo would agree to share small car development costs with.
Honda recently released its financial report for the the manufacturer's motorcycle division. Not surprisingly, two-wheel-friendly Asia accounted for a lofty 79 percent of the company's total sales in 2011. The entirety of North America, meanwhile, soaked up just 1.6 percent of the brand's total volume last year. What's more, Honda fully intends to expand its operations in the blooming Indian market. Until last year, Honda worked with Hero MotorCorp to sell its bikes in India. With the two entiti
During the automaker's Quality Forum, reporters were told that Nissan had reduced "nonconforming deliveries," a euphemism for bad batches of parts from vendors, by 85 percent from 2007 to 2011. Yet problems remain, according to a report in Automotive News, with suppliers in North America – both the U.S. and Mexico – who account for 70 percent of Nissan's global nonconforming deliveries.
A new study by the Japanese Automobile Manufacturers Association has found 70 percent of Japanese vehicles sold in the U.S. were built on a North American assembly line.
Saab has filed for bankruptcy in Sweden, which is likely to be a death knell for the storied automaker. But just because headquarters has filed doesn't mean that Saab North America will follow suit.
Honda has experienced a very challenging 2011. The devastating earthquake and tsunami in Japan and the flooding in Thailand have conspired to badly damage Honda's ability to build vehicles here in North America. That should change soon, though, as Automotive News reports that North American Honda plants will be running at full steam by the beginning of December.
In North America's green race, Honda LEEDs the pack. Honda now leads all automakers with 11 certified "green buildings" in North America.
General Motors has announced its planned production for next year: 2.8 million vehicles. That's a 45% increase over its production this year – 1.9 million cars and trucks – and according to some analysts, it's completely unwarranted. GM says it arrived at that number based on "real simple math." Analysts quoted in the Detroit Free Press today appear believe that GM was guided more by hope and a quest for market share.
Marti Eulberg, CEO of Maserati North America, has left her position to "pursue other opportunities," the company announced today. Eulberg, a veteran of Ford and Jaguar, held the CEO position for less than a year after taking the position just last June.
Canada's Environment Minister Jim Prentice believes that there should be a single fuel efficiency standard for all countries in North America. He says, "At this point in the United States, it would appear as though they are headed toward a 35 mile a gallon standard by 2020 and that would start to come into effect in the 2011 model year. We've essentially been prepared to go in that same direction."
Peugeot is a long way off from its ambitious target of selling 4 million units annually by the end of the decade. This year its sales projects put it at 2 million, but chief executive Jean-Philippe Collin has a plan in place to reach the targets set out by parent company PSA.