Spanish car industry turning a corner
MADRID | The Corner | Things are looking up for Spanish car manufacturers, and with exports expected to remain strong,2015 looks like being another good year.
CAR INDUSTRY
The driving forces of Elon Musk
BEIJING | By W. Jiapeng, H. Haoyi, Z.Shiyun and G. McCubbing via Caixin | The second time around to China has offered much more promise than the first some two years ago, Elon Musk, founder and CEO of Tesla Motors Inc, said in an interview with Caixin. In three or four years, Musk plans to have cars produced in China, which will mean setting up a joint venture with a local partner, influencing the car industry to move faster in the direction of electric cars.
Mexico: When The Car Industry Is An All-In
MEXICO CITY | By David Brunat | It’s crystal clear: the automotive industry is going to drive the Mexican economy soon, says the country’s Automotive Industry Association AMIA, who predicts that in 5 years they will be producing 4 million units -and replace Japan as the second-largest exporter of cars to the United States.
Spain new car sales rise 15.1% in November year on year
MADRID | By Reuters | Spain new car sales jumped 15.1 pct in November from a year earlier, car manufacturers’ association Anfac said on Monday, the third straight month of rising sales which have been boosted by subsidies.
Widespread investor skepticism over GM-PSA’s deal
NEW YORK | General Motors and PSA Peugeot Citroën’s strategic pact announced Wednesday is meant to help both automakers squeeze $2 billion a year at their struggling European operations. The Detroit giant will acquire a 7% stake in French automaker PSA as part of a broad alliance that will include sharing vehicle architectures and pool the purchase of components. They will also cooperate in such areas as logistics and transportation to…