
The first engine scheduled for production in the new $750 million Jaguar Land Rover engine plant in Wolverhampton, England, next year is a four-cylinder diesel.

The first engine scheduled for production in the new $750 million Jaguar Land Rover engine plant in Wolverhampton, England, next year is a four-cylinder diesel.

“A financial crisis could develop in about three years,” said Jochen Siebert, managing director of consultancy JSC Automotive Consulting in Shanghai. China could soon become a major trouble spot for automakers and their suppliers.

While much of the European car industry is struggling, Spanish assembly plants are raising production, winning new models and creating jobs despite years of recession.

PSA/Peugeot-Citroen may close an assembly line at its Mulhouse plant in eastern France unless production picks up to more profitable levels.

Daimler, BYD to introduce a production-ready Denza EV at Shanghai auto show
Daimler AG and partner BYD Auto say they plan to introduce the production version of their Denza electric car at the Beijing auto show next April. The car will go on sale next summer, according to Daimler.