car manufacturing

Spanish economy 27th June 2023

Car production in Spain up 20% in first five months of 2023 and passes one-million-vehicle mark

Intermoney| According to data published by Anfac, vehicle production in Spain continues on its clear path of recovery and in the first five months of the year increased by 19.9% to reach 1.08 million cars. In May, growth was up 35.9%, with 249,906 vehicles produced. Of the vehicles manufactured up to May, 90.8% were exported to other countries (up 3.7pp vs. 2022 levels), while in May the percentage of vehicles…

World economy 23rd March 2022

The Playbook For Chinese Carmakers To Mitigate Waning Domestic Demand And Higher Costs

Alicia García Herrero (Natixis) | After three years of sluggish performance, China’s car sales finally reverted to positive growth in 2021. The auto industry is essential for the Chinese economy as it forms 28% of retail sales and 7% of industrial revenue. Without a recovery in car sales, it is hard to imagine a solid rebound in consumption. In this note, we analyze the demand for passenger cars in China…

Spanish economy 8th May 2015

Volkswagen to make biggest industrial investment in Spain (€4.2bn)

The Corner | May 8, 2015 | German automaker Volkswagen announced its intentions to invest €4.2 billion in its Martorell and Navarra plants in Spain between 2015 and 2019. The amount almost equals what all car manufacturers have invested in the past three years. The VW group employs 22,000 people in Spain through its 12 brands.

Companies 13th August 2012

Kia Motors increased European sales by 22.8pc in July

The crisis is not treating equally everyone within the manufacturing car sector. Take Kia Motors Corporation. The South-Korean giant recently announced that its global sales figures, including export sales, domestic sales and sales from overseas plants, have jumped on the upward trend. In passenger cars, recreational vehicles and commercial vehicles for July 2012, the company recorded a total of 226,818 units sold. It represents a year-on-year increase of an enviable…