Joint Ventures

Zetsche mulls cooperation with Apple, Google, report says

8:03 am U.S. ET | Aug. 21, 2015

Daimler's CEO said "different types" of cooperation with Apple and Google are possible as carmakers realize next-generation autos cannot be built without greater input from telecoms and software experts....
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REUTERS ANALYSIS

BMW, Apple could rekindle courtship with an eye on car collaboration

3:20 pm U.S. ET | July 31, 2015

BMW and Apple may rekindle a courtship put on hold after an exploratory visit by executives of the world's top maker of electronic gadgets to the headquarters of the word's biggest seller of premium cars....
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German carmakers near $3 billion deal for Nokia's maps, report says

3:52 pm U.S. ET | July 31, 2015

A group of German luxury-car makers including BMW are close to sealing the purchase of Nokia Oyj's digital-maps business for about 2.7 billion euros ($3 billion), people familiar with the matter told Bloomberg....
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GM plans $5B vehicle family for emerging markets

12:01 am U.S. ET | July 28, 2015

GM plans to spend $5 billion over the next several years to develop a new range of technology-rich small cars, based on a common architecture, that will be built and sold under the Chevrolet name in China, Brazil, India, Mexico and other emerging markets....
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Daimler, Renault-Nissan detail plans for Mexico JV plant

1:44 pm U.S. ET | July 28, 2015

Daimler and the Renault-Nissan Alliance said today their new plant for Mercedes-Benz and Infiniti cars in Aguascalientes, Mexico, will employ some 3,600 staff and have an initial production capacity of more than 230,000 vehicles....
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Ford expects Russian market to stabilize

July 14, 2015 11:35 CET

Russia's auto market could stabilize in the second half, said the head of Ford's Russian venture, Ted Cannis, halting a slide in sales fueled by the country's economic downturn....
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Brilliance China issues profit warning as slowing economy hits BMW sales

July 13, 2015 15:47 CET

Brilliance China Automotive Holdings, which makes BMW cars in China, issued a profit warning, citing slowing sales in the world's biggest car market....
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Suzuki, VW await arbitration decision in dispute

June 26, 2015 13:27 CET

Suzuki said arbitration proceedings to end a dispute with Volkswagen over a failed partnership have concluded. Suzuki is seeking to force VW to sell back its stake in the Japanese automaker....
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NEWS ANALYSIS

Marchionne fights industry's history of failed mergers

11:32 am U.S. ET | June 5, 2015

As he presses rivals to merge with Fiat Chrysler Automobiles, Sergio Marchionne faces a fact his counterparts at General Motors and Ford know all too well: auto mergers and alliances fail at least as often as they succeed. Among the duds are DaimlerChrysler, GM's ill-fated tie-up with Fiat, and Ford's rollup of Volvo, Jaguar, Land Rover and Aston Martin....
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GM sales slump deepens in China even after price cuts

5:46 am U.S. ET | June 4, 2015

GM reported a second consecutive month of sales declines in China, its largest market, despite cutting prices on 40 models across its Buick, Chevrolet and Cadillac brands....
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Goodyear, Sumitomo to dissolve global tire alliance

12:07 pm U.S. ET | June 4, 2015

Goodyear and Sumitomo Rubber Industries have agreed to dissolve their 16-year-old global tire alliance, with Goodyear to pay SRI $271 million initially and $55 million in three years' time....
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VW says China agrees to bigger stake in JV with FAW

June 4, 2015 16:07 CET

China has given Volkswagen Group a green light to raise its stake in a joint venture with local partner FAW, the German company said. VW currently has a 40 percent stake in the venture....
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VW, SAIC sign deal to build EVs, plug-in hybrids in China

June 4, 2015 12:02 CET

Volkswagen Group says it has signed a cooperation agreement with partner SAIC Motor Corp. to ensure the production and research and development of electric and plug-in hybrid cars in China. VW said over the next four years it plans to localize more than 15 different green models in China, that will include plug-ins and EVs....
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Daimler chases Tesla in solar-powered batteries

12:24 pm U.S. ET | May 29, 2015

Daimler is chasing Tesla Motors in a push to sell batteries for storing energy generated in daylight hours from rooftop solar panels to homeowners and businesses....
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PSA, Dongfeng plan to start production in Vietnam

May 21, 2015 11:12 CET

PSA/Peugeot-Citroen and its Chinese joint venture partner Dongfeng Motor Group will open an assembly plant in Vietnam and have already begun production in Malaysia....
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PSA eyes re-entry to Iran's auto market, report says

May 8, 2015 15:17 CET

PSA/Peugeot-Citroen is in talks about a possible joint venture with Iranian carmaker Iran Khodro if sanctions against the Islamic Republic are lifted, a German magazine reported, citing Peugeot brand chief Maxime Picat....
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Dongfeng names new chairman amid merger reports

May 6, 2015 11:03 CET

Chinese automaker Dongfeng, which has a 14 percent stake in PSA, has appointed a former president of FAW Group as its new chairman amid reports the government is preparing to merge it with FAW, a joint venture partner of VW....
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Chinese automakers Dongfeng, FAW halt trading on merger reports

May 5, 2015 08:09 CET

Chinese automakers Dongfeng Motor, which has a 14 percent stake in PSA, and FAW Group, a joint venture partner of VW, today halted trading in shares of their listed subsidiaries, with Dongfeng saying it checked into reports that the two companies would merge....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How European automakers aim to keep winning in China despite market's slowdown

May 4, 2015 06:01 CET

Foreign carmakers face a tough battle in China as double-digit volume gains and fat profit margins recede and Chinese automakers make inroads into profitable segments. To combat the challenges, Volkswagen and others are focusing on low-emission models, budget vehicles and local production....
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Lotus forms joint venture to build cars, engines in China

9:34 am U.S. ET | April 17, 2015

Lotus plans to build cars and engines in China in a joint venture, DRB-Hicom, the U.K. sports car maker's Malaysian parent company, said....
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Former FAW-VW exec sentenced to life for accepting $5.3 million in bribes

5:32 am U.S. ET | April 9, 2015

A former top executive at Volkswagen's China joint venture with FAW Group, Shi Tao, was sentenced to life in prison for accepting $5.3 million in bribes. The sentence is the latest development in corruption investigations involving FAW....
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Former FAW-VW exec sentenced to life for accepting $5.3 million in bribes

April 9, 2015 11:32 CET

A former top executive at Volkswagen's China joint venture with FAW Group, Shi Tao, was sentenced to life in prison for accepting $5.3 million in bribes. The sentence is the latest development in corruption investigations involving FAW....
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Faurecia forms joint venture with China's Dongfeng

March 31, 2015 11:26 CET

Faurecia has agreed to form a joint venture with Dongfeng Motor to help increase its presence in the world's biggest car market. Faurecia is majority-owned by PSA/Peugeot-Citroen. Dongfeng has a 14 percent stake in PSA....
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China's FAW chairman faces gov't graft probe

March 17, 2015 13:18 CET

Xu Jianyi, the chairman of China's FAW Group, which makes cars with Volkswagen and Toyota, is being investigated by the Communist Party anti-graft watchdog....
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Valeo, Mobileye to work on collision avoidance, automated driving

1:09 pm U.S. ET | March 11, 2015

French supplier Valeo SA has signed an agreement to work with Mobileye, an Israeli company specializing in front-facing camera- and driver-assist systems, to produce sensor systems for collision avoidance and automated driving....
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