Audi will recall 850,000 A4 models worldwide due to airbag problems, with about half of the vehicles affected in the luxury carmaker’s two biggest markets of China and Germany.
Daily Archives: October 23, 2014
JLR’s first China factory caps carmaker’s resurgence
By Tom Mitchell and Andy Sharman
The opening of Jaguar Land Rover’s first China factory caps a five-year resurgence under Indian ownership that has made the Coventry-based company a byword for British manufacturing excellence and export prowess.
PSA will add production shifts to meet demand for Citroen C4 Cactus
PSA/Peugeot-Citroen is adding extra production shifts at its Villaverde factory near Madrid to meet increasing demand for the new Citroen C4 Cactus, a report said.
Italy’s Sogefi reports nine-month net loss of €5.8 million
Italian supplier Sogefi reported a net loss for the first nine months of the year, hit by weakness in South America and costs for restructuring in Europe, and said CEO Guglielmo Fiocchi would leave the company.
Hyundai shares Slump on Quarterly Profit Outlook
By Rose Kim
Hyundai, South Korea’s largest automaker, slumped to the lowest in more than three years on concerns that its third-quarter profit may miss analyst estimates and the company may increase spending.
