Mexico set auto production record in 2011
Tweet Mexico City: Mexico set a new auto production record of 2.55 million cars and light trucks in 2011, a 13.1 percent increase compared to the previous year, an auto industry association said Wednesday. The previous record of 2.26 million units had been set in 2010. Last year's auto exports came in at 2.14 million [...]
Tweet Washington: Automobile giant Toyota Motor Corp. has said it was recalling about 550,000 vehicles worldwide, including 420,000 in the US, for a potential steering problem. In the US, the automaker was recalling 283,200 Toyota brand cars, including the 2004 and 2005 Camry, Highlander, Sienna and Solara, the 2004 Avalon and the 2006 Highlander HV. [...]
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Tweet Mexico City: Japanese automaker Honda will invest $800 million in a new plant in Mexico to manufacture fuel-efficient cars, the company has announced. American Honda Motor Company president Tetsuo Iwamura said the facility will have a capacity to produce 200,000 vehicles annually and will employ 3,200 people. The plant covers 500 hectares and is [...]
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Tweet Moscow: Russia is likely to become the biggest car market in Europe by 2014, a minister said Tuesday. It is currently Europe’s third largest car market. “The steady growth trend for Russian production and the domestic market has turned the country into Europe’s third largest car market. I am absolutely sure that we’ll become [...]
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Tweet Beijing: Jaguar Cars Ltd., a British luxury car manufacturer, would recall 1,552 cars sold in China due to steering flaws, quality control authorities said. The recall – starting June 6 – involves 1,550 XF automobiles manufactured between September 2009 and March 2010, and two XK cars produced between August 2009 and March 2010, Xinhua [...]
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Tweet Chicago: The General Motors Co. (GM) Tuesday announced its plan to build an electric motor plant near Baltimore, Maryland, the first such plant dedicated to making key components for electric vehicles in the US, Xinhua reported. The plant is scheduled to open in 2013. "We believe the future of sustainable transportation is electrically driven [...]
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Tweet New Delhi : German luxury automobile major Mercedes-Benz’s Indian subsidiary Tuesday said it would hike the prices of its car models from May 1 due to rising input costs and challenging exchange rates. "The prices of all Mercedes-Benz models will be revised upwards effective 1st May 2011 for the Indian market," said Peter Honegg, [...]
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Tweet New York : Toyota Motor Corp. said Friday that it may take it till December to restore normal production of all its models because of parts shortage caused by the March 11 earthquake and tsunami in Japan. After the automaker’s announcement, some market analysts said Toyota stands to lose heavily in the North American [...]
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Tweet Toronto/New York: Toyota is further cutting its production in North America plants because of shortage of parts caused by the March 11 disaster in Japan. The auto major also said for the first time that there could be short supply of its vehicles this summer. The shortage of small Toyota cars in North America [...]
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