Canada’s auto industry driving towards increased profits
Production expected to grow by 2.5%; weaker loonie will increase profits to $2.3 billion this year.
Johnson Controls considering exit from automotive business
Car components division accounted for 50% of the company’s $42.83 billion in revenue last year.
Carbon fibre to go mainstream in auto production by 2025
Technology development will drive economic viability, but the window of opportunity is a small one.
Wanxiang says it would build next-gen Fisker EV in Delaware
That’s music to the ears of Delaware politicians, who announced with great fanfare in 2009 that Fisker would revive vehicle production.
Nissan looks to no frills China brand to drive revival
The Japanese automaker hopes its Venucia brand will build its share of China’s crowded auto market from 6% to 10%.
Cars made in Mexico may look identical, but safety depends on their final destination
Cars destined for Latin American markets are often produced without antilock braking systems, electronic stability control, or more than two air bags.
Judge approves initial motions in Fisker Automotive bankruptcy
A bankruptcy hearing for the troubled electric car-maker has been fast-tracked, scheduled for Jan. 3.
Hyundai to put hydrogen vehicle on the market by 2014
Korean automaker will make the first mass-produced fuel-cell vehicle sold in the North America.
Volvo plots return to the US market next year
The Swedish automaker is in the midst of an $11 billion turnaround plan that it hopes will double worldwide sales to 800,000 by 2020.
What’s left in the auto manufacturing tank?
Record sales are boosting production, but investments in Mexico and the US will wreak havoc on Canada’s sector.
Car production, business equipment boosts US industrial output
Factory output in the US rises by 0.7% in June as companies invest in vehicles and machinery.