Valeo Aims to Double Sales in China
5/2/2013France's Valeo SA, which generated revenue of €10 billion ($13.1 billion) in China last year, has targeted sales of €20 billion ($26.2 billion) there by 2015, Automotive News China reports.
Changan Forms Parts Venture with Faurecia
5/1/2013French supplier Faurecia SA has agreed to establish a joint venture with Changan Automobile Group to produce automotive interior components in China.
Faurecia Forms Parts Venture with China’s Changan
5/1/2013Faurecia SA has agreed to establish a joint venture with Changan Automobile Group to produce automotive interior components in China.
Nine Workers Injured in Magna Plant Explosion
5/1/2013An explosion at a Magna International Inc. auto parts factory in Newmarket, Ont., injured nine employees, including six who were hospitalized, according to local authorities.
American Manufacturing Growth Slows
5/1/2013U.S. factory activity expanded in April at the slowest pace this year, according to the Tempe, Ariz.-based Institute for Supply Management.
Auto Sales in America Rise 9%
5/1/2013Carmakers sold 1.29 million cars and light trucks in the U.S. last month compared with 1.18 million units in April 2012, according to Autodata Corp.
Car Sales Climb 9% in U.S.
5/1/2013Automakers sold 1.29 million cars and light trucks in the U.S. last month compared with 1.18 million units in April 2012, according to Autodata Corp.
U.S. Auto Sales Climb 9%
5/1/2013Carmakers sold 1.29 million cars and light trucks in the U.S. last month compared with 1.18 million units in April 2012, according to Autodata Corp.
EV Maker Coda Files for Bankruptcy
5/1/2013Coda Holdings Inc., the parent of electric vehicle startup Coda Automotive Inc., has filed for Chapter 11 protection from creditors.
Sirius Radio Plans Telematics Push
5/1/2013Sirius XM Radio Inc. plans to expand its satellite-delivered radio service with such telematics offerings as stolen car tracking, roadside assistance and local weather reports.