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Jun 21, 2012

AUTOMAKERS NEWS * WORLDWIDE

* Japan - Toyota to cut capacity in Japan again
(Photo from AFP: Toyota Motor will cut its production capacity in Japan by more than 10 per cent from current levels to about 3.1 million units by 2014, continuing to reduce its domestic output, the Nikkei said on Wednesday) Tokyo,Japan -Reuters/Straits Times -Jun 20, 2012: -- Toyota Motor will cut its production capacity in Japan by more than 10 per cent from current levels to about 3.1 million units by 2014, continuing to reduce its domestic output... The automaker will not lay off workers as part of the cuts and is keen to ensure that its domestic suppliers and partners remain profitable, the newspaper said... The company wants to maintain domestic production at about 3 million vehicles per year, down by about 500,000 units from current levels, even if a strong yen hurts export profitability, the business daily said... Toyota has already cut capacity by 100,000 units at its subsidiary's factory in Shizuoka Prefecture in Japan and its overall domestic capacity is expected to fall to about 3.6 million units this year... The company's capacity was about 3.9 million vehicles in Japan before the global financial crisis hit, the Nikkei said...


* Japan - Toyota eyes new auto plant in China's Tianjin

Nagoya,Shizuoka,Japan -The Indian Express -Jun 19 2012: -- Toyota Motor Corporation is considering to build a new plant in China's Tianjin, to catch up with rivals from US, Europe and South Korea in the world's largest auto market, company officials said today... While the envisioned plant will likely increase the annual production capacity of the leading Japanese automaker in China to 1 million vehicles, the construction of a new plant is subject to permission from the Chinese government... Worried about overcapacity, the Chinese government has recently been reluctant to approve new auto plant construction by foreign automakers, with Japan's Fuji Heavy Industries Ltd. having forgone building a plant... Toyota already operates factories in Tianjin, Changchun, Chengdu and Guangzhou in partnership with two Chinese companies -- China FAW Group Corporation and Guangzhou Automobile Industry Group Company...


* South Korea - Samsung wants Renault not to use its name 

Seoul,SK -Asia News Network/The Korea Herald, by Cho Ji-hyun and Lee Ji-yoon –Jun 20, 2012: -- Samsung Group wants to remove its brand name from Renault Samsung Motors with a related contract between the two pending until 2020, group officials said... "We want to take our brand -Samsung- out of Renault Samsung since we don't have anything to do with the car sales," a Samsung executive recently told The Korea Herald... Samsung Card, a financial unit of the group, is still the No. 2 stakeholder of Renault Samsung, holding a 19.9 percent stake in the carmaker which holds the fourth position in Korea in automobile market share. The card firm got its stake when the group sold its auto manufacturing unit to Renault in 2000...  In 2010, Samsung and Renault renewed their brand contract to use the name "Samsung" for another 10 years...


* China - Geely debuts new self-developed transmission technology

Shanghai,SH,China -Gasgoo -June 19, 2012: -- "Within this year, six-speed automatic transmission will be standard for Geely vehicles," the Geely Deputy General Manager, Zhang Hongyan, said to the Chongqing Economic Times...  Mr. Zhang made the statement at the event marking the release of the Gleagle GX7 and GC7 in Sichuan and Chongqing... The independently developed automatic transmission (pictured) will not only drive the GX7 and GC7, but will also be available on the Emgrand EC7, Emgrand EC8, Englon CS7 and other future models. The transmission does not only represent an important step for Geely, but Chinese own brand manufacturers as a whole... Six-speed automatic transmissions are very rare among own brands... Lack of independently developed automatic transmissions has been a major thorn in the side of domestic manufacturers...


* China - Nissan to build new plant in Dalian 

Beijin,China -Just-Auto, by Chris Wright -14 June 2012: -- Nissan is to spend over CNY5bn (US$785m) on a new plant at Dalian, a city in northeastern China, as part of a strategy to gain ground on rivals such as General Motors... The carmaker is spending CNY30bn (US$4.7bn) in China by the end of 2015. The Dalian factory, jointly owned with local partner Dongfeng Motor, will have an initial capacity of 25,000 cars when it begins production in 2014, sources told the Reuters news agency. Capacity will be up to 120,000 by 2015 and 240,000 by 2017... It will assemble more upscale SUVs, sedans and MPVs, the sources said...

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