Automotive News

GM to lay off 2,000 workers as it reduces small-car production
General Motors Co. will permanently lay off around 2,000 hourly workers in January at two car plants to cut bloated inventory as sales of small cars continue to slow. The automaker also would invest more than US$ 900 million at three plants for future products. The company plans to cut the third ...
German automakers uneasy after Trump elected 
Volkswagen's chief executive and German auto industry association VDA have expressed concerns the election of Donald Trump as United States president could have negative impacts for their companies, a media report said. "It is to be feared that the United States under a new president, just like C...
KIA reaches new incentive agreement with Nuevo Leon authorities
Even though the KIA facility in Pesqueria, Nuevo Leon is up and running, the Government of the State of Nuevo Leon and the Korean company had several negotiation meetings to reach a new incentive agreement. Governor Jaime Rodriguez Calderon said a new deal was recently signed and it goes along with...
Here's how auto sales went over the NAFTA region during October
Auto sales in the U.S. market fell 5.8 percent in October, marking the first time since the beginning of the Great Recession that sales of new cars and trucks in the United States declined for three consecutive months. The estimated drop in October was primarily blamed on two fewer selling days l...
Mexican auto exports rose 4% in October; domestic sales increased 14.6%
Mexican auto industry produced 328,490 units and exported 255,115 light vehicles in October. That's a 0.5% increase for the first figure and 4% for the second compared to the same month a year earlier, the country's automotive association AMIA said on a brief. From January through October 2016 au...

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