Welsh Automotive Forum | Press Release

PRESS RELEASES

The latest press releases form the Welsh Automotive Forum can be found below. If you have any articles to publish, please contact rroberts@waf.ws.

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Nanjing UK gets new head for production start
Fri, 9 May 2008 08:23:00 EST

He Xiao Qing is the new chairman of Nanjing Automobile Corp.'s UK business.

Nissan to outsource sales setup in India
Fri, 9 May 2008 01:10:00 EST

Japan's Nissan Motor said today it had appointed Hover Automotive India Private to develop its sales network in India, with the aim of establishing 55 dealers by 2012 to sell more than 100,000 vehicles that year.

Continental sees 'good chance' for Volt win
Fri, 9 May 2008 00:01:00 EST

Continental, in the hunt to supply advanced battery packs for the upcoming all-electric Chevrolet Volt, sees a "good chance" of winning that high-profile contract from General Motors, the company's CEO said on Thursday.

Hundreds of BMW staff take buyouts
Thu, 8 May 2008 07:21:00 EST

BMW, the world's largest premium carmaker, said several hundred permanent staff had agreed to redundancy packages as it seeks to cut thousands of jobs to improve profitability.

Lexus tops J.D. Power ranking in UK
Thu, 8 May 2008 09:55:00 EST

Lexus is the UK's leader in customer satisfaction, according to consultancy J.D. Power.

Daimler will open office in Iraq this year
Thu, 8 May 2008 06:09:00 EST

Daimler will open an office in Baghdad by the end of the year. Ursula Mertzig-Stein, a Daimler spokeswoman, said the company sees strong potential in the country for its truck division.

Fiat sets up central sourcing center in India
Thu, 8 May 2008 03:35:00 EST

Fiat is setting up a group purchasing office in India, the Italian carmaker said today, as part of its strategy to cut costs by buying more components from low-cost centers such as India and China.

Daimler CFO: No hostile takeover
Thu, 8 May 2008 02:49:00 EST

Daimler does not need a white knight to protect itself from any hostile takeovers, CFO Bodo Uebber said in a prerelease of his interview with Die Welt newspaper. "Daimler does not need a shareholder who will protect us," he said.

Toyota to post record operating profit today
Thu, 8 May 2008 02:38:00 EST

Japan's Toyota Motor, which is set to replace General Motors as the world's number one automaker this year, is expected to report today a record operating profit for the fiscal year ended March 31, lifted by brisk sales to emerging markets.

John Elkann to be named president of Ifil
Wed, 7 May 2008 09:01:00 EST

John Elkann, the grandson of legendary Fiat boss Giovanni Agnelli, will become president next Tuesday of Ifil Investments, the Agnelli family's holding company, current Ifil president Gianluigi Gabetti told the Corriere della Sera and La...