French supplier Faurecia raised its 2014 earnings forecast after first-half profit jumped 21 percent on strong demand in Asia and higher market share in its home region.
Monthly Archives: July 2014
VW suffers production woes adjusting to MQB platform
Volkswagen’s move to add extra German production shifts for the Golf hatchback, which the company has attributed to strong demand, is also due to problems adjusting to its new MQB platform, company sources told Reuters.
AvtoVAZ CEO Andersson aims to restore pride to Lada
Bo Andersson, a former top purchasing manager at General Motors, is the first non-Russian CEO of AvtoVAZ, which is now controlled by Renault-Nissan. Andersson, a Swedish national, is tasked with turning around AvtoVAZ’s struggling Lada unit, whose sales have been hit hard by competition from Western brands. He spoke with Automobilwoche.
GKN confident as auto-unit growth offsets currency hit
British engineering company GKN said it was confident regarding the rest of 2014 after first-half profit at its car parts supply division helped offset a strong currency hit.
Mercedes-Benz unveils Vito with both front and rear-wheel drive options
Mercedes-Benz has unveiled the new Vito range, including the Vito panel van, the Vito Crew and the Vito Tourer family with three different lengths (4895mm, 5140mm, 5730mm), making it up to 140mm longer than its predecessor.
