Industry Developments

Swedish bearing and seals producer SKF Group has been selected as the new supplier of wheel bearings units for Fiat's operations in Brazil. The supply contract is likely to cover... 2008-11-13

While other carmakers withdraw from the uncertainty of vehicle financing in the US, Mitsubishi Motors has regained control of its finance subsidiary after three years. In 2005 Mitsubishi... 2008-11-10

According to the Brazilian Automotive Manufacturers' Association (Anfavea), vehicle registrations in the Brazil fell to 239,200 units in October this year, down by 11% year-on-year... 2008-11-10

Japan's Toyota has reviewed its forecasts for North America and its global business, after registering a loss in North America for the first half of the current financial year. Toyota... 2008-11-07

German automotive parts supplier Schaeffler Group has inaugurated a new manufacturing plant in Mexico, as a part of the group's broader strategy to strengthen its market position... 2008-11-07

US auto manufacturer Chrysler LLC has unveiled its new Dodge Trazo version, which it claims will be the cheapest car in South America. The new Dodge is a result of the joint partnership... 2008-11-03

Chinese automotive manufacturer Shanghai Automotive Industry Corp. has re-launched a new MG salon in the Chilean market, branded as MG550. It is the first new product to be launched... 2008-10-30

The Automotive Parts Manufacturers Association Canada (APMAC) has written to federal Finance Minister Jim Flaherty requesting similar financing to that offered to the US auto industry.... 2008-10-29

Automobile manufacturers such as General Motors (GM) and Peugeot have confirmed that the carmakers will maintain their investments in Brazil. The optimistic outlook comes in response... 2008-10-29

Two letters to employees underline the gravity of the situation faced by the US automotive industry, as both General Motors (GM) and Chrysler plan further cuts of salaried staff.... 2008-10-27