![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
CARMAKERS NEWS * WORLDWIDE
* Brazil - July auto output climbs on recovering exports
Sao Paulo,SP,Brazil -The WSJ (USA), by Paulo Winterstein -August 6, 2013: -- Brazilian vehicle production climbed in July, thanks to a strong recovery in exports and improving domestic demand for heavy trucks and buses, auto maker association Anfavea said Tuesday... Brazilian auto output in July climbed 3.7% from the year-ago month, bringing the increase in output this year to 15.8%, Anfavea said. Compared with June, vehicle output slipped 2.7%, mainly as a result of a drop in production of light trucks. Production of heavy trucks surged 44%, while bus output climbed 20% on the year... Exports jumped 30% in value from July 2012, to $1.5 billion. That also represents an increase of 6.6% from June... In terms of volume, passenger car exports surged 90% on the year, and bus exports advanced 45%... Sales of heavy trucks jumped 39%, due mainly to a weak base of comparison in 2012, when the government toughened emissions standards, causing truck sales to plummet. Fiat SpA maintained its market leadership in passenger car sales, with 53,068 cars sold in July. General Motors Co. assumed second place, with 52,426 cars sold, while Volkswagen AG slipped to third place, with 45,540 cars sold. Ford Motor Co. once again was fourth in terms of car sales, with 23,859 units sold...
* India - Tata Motors net misses estimates after Jaguar sales growth slows
Mumbai,Maharashtra,India -Bloomberg News/The Detroit News, by Siddharth Philip -August 7, 2013: -- Tata Motors Ltd., India’s biggest automaker, posted profit that missed analyst estimates as sales at its Jaguar Land Rover Ltd. unit slowed and costs climbed... First-quarter net income fell to 17.3 billion rupees ($283 million) from 22.4 billion rupees in the year earlier period, the Mumbai-based company said. That missed the 22.2 billion-rupee median of 39 analysts’ estimates, compiled by Bloomberg. Profit at the Jaguar Land Rover luxury unit was 304 million pounds ($464 million)... Retail sales at the luxury unit, which Tata Motors bought from Ford Motor Co. in 2008, rose 10 percent in the three months ended June, slower than the 17 percent pace in the previous quarter. Deliveries of cars and commercial vehicles at the local business fell 19 percent, as customers in India held off purchases on expensive loans and slowing economic growth...
* China - BMW-Brilliance denied environmental permit for Tiexi Plant expansion project
.jpg)
(Photo: Plan for BMW’s Tiexi Plant in Shenyang) Shanghai,SH,China -China Auto Web -July 30, 2013: -- BMW-Brilliance hit roadblock as the Chinese government denied environmental clearance for its project to double production capacity at the Tiexi plant. In a public notice issued on July 26, the Ministry of Environmental Protection (MEP) said the project lacked effective measures to deal with unwanted byproducts... MEP cited three reasons for turning down BMW-Brilliance’s application... A PR official at BMW-Brilliance said that the decision from MEP was not final and the joint venture would re-submit the application to include more supporting materials... The rejection by MEP was pronounced on the third phase... For treating waste-water and exhausts, phase three largely depends on facilities previously proposed or constructed...
Labels: carmakers news worldwide
posted by Unknown @ 11:14 AM
0 Comments:
Post a Comment
<< Home