y/y increase) and Changan Automobile (with a 2.9% y/y increase) increased sales in the first half of 2020 compared to the first half of 2019. FAW, which announced its “Hongqi Brand Strategy” in 2018, from its “official car” image rolled out a new brand image targeting young-generation white collar workers with the introduction of Hongqi brand sedans and SUVs one after another since then. In the first half of 2020, sales doubled y/y to 70,...

Market & Tech Reports  Updated at: 2020/08/07

Ford's Corporate Transformation (Part 2): Restructuring and Vehicle Portfolio Closing or selling six plants in Europe, reorganizing products lineup, launching new models in China Summary Ford's performance by region: North American earnings are enabling overall corporate profitability, while all other regions are operating in the red Ford's concept of reducing its white collar workforce and transforming its organizational structure Europe: Redes...

Market & Tech Reports  Updated at: 2019/09/20

anization policies by region The North American business has high profitability and is growing. In 2019, the OEM began reorganizing its overseas operations. North America ・Aimed to recover its EBIT ratio to 10% (in 2015 its EBIT ratio was 10.2%). ・Began drastic reorganizations of its white-collar employees to reduce costs and increase organizational efficiency. ・Releasing numerous new trucks and utility vehicles from 2019 to 2020. Eu...

Market & Tech Reports  Updated at: 2019/09/17

e end of January 2014 to cut production volume, reduce costs, and tighten control over inventory and working capital. He also started a plan to reduce a large number of workers. According to the media report in October 2014, AvtoVAZ's whole workforce was reduced by 13,000 (of which 10,000 are white-collar workers) to 53,000 by the end of 2014. The company plans to further reduce personnel to 30,000 by 2020. Joint venture plant in Kazakhstan  I...

Market & Tech Reports  Updated at: 2015/05/11

drop the Chevrolet brand in Europe by the end of 2015. The move is expected to reduce GM's Korean production by 15-20%, as the country supplies most of the Chevrolet vehicles sold in Europe. Thus, in the first quarter of 2014, GM Korea started a voluntary retirement program open to its 6,000 white-collar workers including those in the research and engineering departments. The automaker does not plan to cut production jobs. A target for the job r...

Market & Tech Reports  Updated at: 2014/05/15

ding to MarkLines research). The magnets, to be made from magnetic powder material supplied from Japan, will be used to make motors mainly in onboard or small power tools. Details such as the completion time or production capacity have not been disclosed. Advanex to increase production of insert collars at the Shanghai Plant Advanex added one unit of equipment to produce automotive insert collars at the Shanghai precision spring plant, Adva...

Market & Tech Reports  Updated at: 2012/07/24

ants in FY2011. Changchun FAWER-IHI Turbo Co., Ltd., a joint venture with FAW, produces the turbocharger for VW and Audi. IHI will increase the annual production capabilities of the joint venture from the current 350 thousand to 1.0 million units in FY2012. Advanex to increase production of insert collars at the Dalian Plant  Advanex added one unit of equipment to produce automotive insert collars at the Dalian precision spring plant, Advanex ...

Market & Tech Reports  Updated at: 2012/07/02

cruise control, GPS car navigation system, and in-vehicle refrigerator. The model meets China's crash safety standards "2012 C-NCAP". Alsvin V5  The Alsvin V5 is a sporty sedan that is one size larger than the Alsvin V3. The model targets users including self-employed individuals and young white collar workers. 4415 /1710/1475 with a wheelbase of 2515mm. The fuel economy (announced by Changan Automobile) is about 6.0L/100km. The Beijing plant ...

Market & Tech Reports  Updated at: 2012/06/28