General Motors is increasing production cuts at one of its Korean plants because of slow Chevrolet sales in Europe. GM's Korean unit produces most of the Chevrolets sold in Europe and more than 40 percent of those sold globally.
Continental's rubber and plastics division, Contitech, is targeting further acquisitions in overseas markets to boost sales. Contitech aims to expand operations through organic growth, but also through targeted purchases, division chief Heinz-Gerhard Wente said.
Skeptics think Fiat CEO Sergio Marchionne's aim to triple Alfa Romeo's global sales to more than 300,000 units by 2016 is too ambitious. But Alfa's European boss, Louis-Carl Vignon, is convinced Alfa has enough fresh products to meet -- and possibly exceed -- Marchionne's target.
Fiat's loss-making European operations will be further weakened by the region's drawn-out auto slump, CEO Sergio Marchionne warned, adding that the carmaker may need to raise capital after it completes a planned buyout of Chrysler.
The UK has a healthy automotive industry because Margaret Thatcher bailed out British Leyland, once the country's biggest car company, and allowed Japanese automakers to establish their first European factories in the country, a leading academic said.
When Hollywood star Danny Glover recently wrapped up shooting his latest movie in Charlotte, North Carolina, he hopped on a plane and flew to Mississippi to be a nuisance to Nissan Motor Co. Glover has decided to devote his spare time to organizing Nissan's U.S.