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Victorian auto-parts supplier APV Automotive Components has gone into receivership, standing down 126 workers without pay in another black day for the local car industry. The Coburg-based APV (Australian Performance Vehicles) who make OEM...
Despite agreeing to deliver $310 million to Holden and Australian automotive component manufacturers over the next decade, the government admits hundreds – potentially thousands – of jobs will be lost from the industry in the coming years.
A new $35 million government program will help Australia's automotive component manufacturers expand their operations and win new business over the coming four years. The Automotive New Markets Initiative will be jointly funded by the federal...
The Australian automotive industry continued its strong start to the year in February with new vehicle sales up more than five per cent compared with the same period in 2011.
Last week we reported General Motors and Peugeot-Citroen PSA were in discussions over a potential partnership deal. There's now a report indicating that GM is considering purchasing seven per cent of PSA.
Mazda is seeking to raise more than 160 billion yen ($1.87 billion) as is fights to emerge from financial hardship and secure its future as a strong and competitive global automotive manufacturer.
General Motors reported a profit of US$7.6 billion ($7.1 billion) in its first full year as a public company, representing an increase of 62 per cent over its financial performance in 2010. Revenue increased 11 per cent to US$150.
The head of production at Volkswagen Group says the automotive giant will have 100 vehicle production plants around the world by 2018 and is targeting an annual capacity of 10 million vehicles.
The boss of Holden says the company’s proposed pay raise deal for more than 3000 manufacturing and engineering employees is a step towards ensuring the viability of its local manufacturing operations into the future.
The boss of Holden says its Chevrolet Caprice police car export program to the US is “very much alive”, although he admits it is likely to miss sales targets by a considerable margin for the foreseeable future.