Automotive News

Audi plans to reduce costs by US$ 12 billion in the next five years
Audi plans to cut costs by US$ 12 billion (10 billion euros) by 2022 to fund its shift to electric cars as it seeks to move on after the emissions scandal, Reuters reported citing unnamed sources close to the carmaker. According to the news agency, Audi plans to bring five new all-electric models t...
Global automotive mergers and acquisitions up 14% in first half of 2017
Global automotive mergers and acquisitions (M&A) activity increased 14.3% in value during the first half of 2017 to US$ 24.4 billion, according to a report by PricewaterhouseCoopers (PwC).  The professional services network headquartered in London said operations volume went up 7.4% to 276 dea...
There’s no plans to build next-gen Ford Fiesta in Mexico, company official says
According to Romanian auto news site 0-100.ro, the seventh generation of the Ford Fiesta will be manufactured exclusively at a facility in Koln, Germany, to be launched only in Europe, the Middle East, and Africa. This decision opens a big question to what’s going to happen at the Ford plant in Cu...
BMW has covered 600 of the 1,500 jobs the SLP plant will keep
The automotive assembler BMW has assigned 600 work positions from a total of 1,500 jobs expected by 2019,when the production of the S-3 vehicle shall start, with assembly operations at the Logistik industrial complex in the second section in Villa de Reyes, informed the Secretary of Labor and Social...
Midori Auto Leather investing US$28 in SLP
Japanese firm Midori Auto Leather exerted a US$ 28 million investment to set the first stone of its third plant in San Luis Potosi, thus generating 1,100 jobs during its initial stage with a goal to reach 2,000 associates.  The Japanese company is currently using 60% of its raw material from local ...