UB 28.4 billion. The court refused to arrest the property of Volkswagen in Nizhny Novgorod. On May 19, the Volkswagen Group completed the sale of its shares in Volkswagen Group Rus LLC and its local subsidiaries (Volkswagen Components and Services LLC, Scania Leasing LLC, Scania Finance LLC, Scania Insurance LLC) to Art-Finance LLC, owned by Russian dealer Avilon. Upon registration of the transaction, ownership of the shares in Volkswagen Group R...

OEM Plants  Updated at: 2025/05/29

sedan. The plant will start production of the QQ by the end of 2015. In 2015, the plant plans to produce 25,000 units. Chery and labor union reached an agreement to end the one-month strike on May 6. Chery offered BRL 1,850 as minimum wage up from BRL 1,199. Both sides have agreed on family health insurance and reduction of weekly work hours to 42 hours down from 44 hours. The workers at Chery's plant in Jacarei started an indefinite strike on F...

OEM Plants  Updated at: 2025/05/24

of the 2008 SUV at Kuala Lumpur International Motor Show (KLIMS) 2013. The 2008 will launch in January 2014 and the price is expected to be MYR 118,000. Naza Kia Malaysia has announced the official pricing for the all-new Picanto on October 31. The 1.2L automatic transmission is available OTR with insurance at MYR 59,888 while the 1.2L manual transmission is priced at MYR 54,888 in Peninsular Malaysia. Naza Kia aims to sell 15,000 vehicles in 20...

OEM Plants  Updated at: 2025/05/23

rket development, commercial mode innovation and international business services. Specifically, the companies will seek cooperation in the fields of new energy, intelligentization, connectivity and lightweight vehicles. They plan to form partnerships in such fields as logistics, automotive finance, insurance services, aftermarket services and industrial investment. Additionally, the companies will strengthen their research and cooperation on such...

OEM Plants  Updated at: 2025/05/23

a crossover "Outback." The model is equipped with 2.5 and 3.6-liter horizontally opposed engines. Its production will start in Japan and the U.S. simultaneously. The 2014 Subaru Forester became the first vehicle to ace every aspect of the challenging small overlap front crash test conducted by the Insurance Institute for Highway Safety (IIHS). The Forester, the only one of 13 small SUVs to earn an overall rating of good in the test, and the 2013...

OEM Plants  Updated at: 2025/05/23

ge and performance of its all-electric 2024 ID.4 SUV, built in Chattanooga, Tennessee, and looks forward to the North American arrival of its 2025 ID. Buzz in the fourth quarter. On June 4, Volkswagen of America announced that the 2024 Volkswagen ID.4 electric SUV was named a TOP SAFETY PICK by the Insurance Institute for Highway Safety (IIHS), joining the 2024 VW Atlas and Atlas Cross Sport, also built at the Chattanooga Assembly Plant. On Septe...

OEM Plants  Updated at: 2025/05/21

h S tronic and all-wheel-drive system called “quattro.” At a curb weight of 1,344 kg as a result of omissions of some equipment and with technologies introduced from the company’s Le Man R18 racing cars, the car can sprint from 0 to 100 km/h in 3.7 seconds. Audi announced on March 28 that the Insurance Institute for Highway Safety (IIHS) rated the Audi A3 Sedan as Top Safety Pick+. Audi announced the A3 1.4 TFSI ultra on May 30, extending i...

OEM Plants  Updated at: 2025/05/20

y, it will generate enough solar energy to cut carbon emissions at the facility by 2,400 metric tons per year. GM Korea will increase the output to 6,500 megawatt-hors from 3,700 megawatt by 2014. IIHS announced on January 22 that only 1 minicar out of 11 tested achieves an acceptable rating in the Insurance Institute for Highway Safety's small overlap front crash test. The Chevrolet Spark's acceptable rating in the test, along with good ratings ...

OEM Plants  Updated at: 2025/05/20

tart on their own. The recall affects some 2010 - 2013 Legacy and Outback cars, 2012 - 2013 Impreza sedans, and 2013 XV Crosstrek crossover vehicles. Five Subaru models, including Impreza, Legacy, Outback, Forester and Tribeca, were rated among the safest 2012 models in crash tests conducted by the Insurance Institute for Highway Safety. Subaru of Indiana Automotive Inc. (SIA) held a ceremony on March 16 to mark the 25th anniversary. SIA launched...

OEM Plants  Updated at: 2025/05/20

ne engine (107 hp/150 Nm) mated to either a 5-speed MT or CVT. Equipping the new engine and an ECO Drive Assist system that regulates fuel efficiency results in fuel economy of 5.6 L / 100 km for the MT and 6.1 L / 100 km for the CVT. There are 4 grades, and prices on the Malay Peninsula (including insurance fees and tax) start from MYR 46,350. Proton is targeting the younger generation with a goal for monthly sales of 3,000 - 4,000 units. Perusa...

OEM Plants  Updated at: 2025/05/19

l-saving Engine Stop-Start (ESS) technology as standard equipment on certain models of the 2015 Jeep Cherokee mid-size SUV and all-new 2015 Chrysler 200 mid-size sedan. Availability of stop-start in the Chrysler 200 with 2.4L is scheduled for fourth quarter. Chrysler announced on August 12 that the Insurance Institute for Highway Safety (IIHS) named the all-new 2015 Chrysler 200 mid-size sedan a 2014 Top Safety Pick Plus. The 200 earned good rati...

OEM Plants  Updated at: 2025/05/16

in April. With a long list of new standard and available features, the Fit is an unparalleled value with an MSRP starting at $15,5251, representing an increase of only $100 over the model it replaces. Honda announced on August 21 that the 2015 Fit has received a 2014 Top Safety Pick rating from the Insurance Institute for Highway Safety (IIHS). To match the 2014 Top Safety Pick rating, the company also announced that the early-production 2015 Hon...

OEM Plants  Updated at: 2025/05/12

ses BRL 25,000, in addition to an adjustment to salary. During a briefing held by the SMC, it was commented that the strike fund was opened for workers, who will receive up to BRL 1,000, given that Renault reduced salaries. The union also demands the creation of 300 new jobs, improvements in health insurance and the implementation of positions and salaries in the logistics sector. On June 4, it was announced that the strike at the Renault plant i...

OEM Plants  Updated at: 2025/05/09

olkswagen Polo Sedan on November 1. Assembled at Pekan plant by DRB-Hicom, the car replaces the previously imported version from India. The Polo Sedan has 40% local content (by value), and it has 15 suppliers providing parts. The locally assembled Polo Sedan goes for MYR 85,888, on-the-road without insurance, which is MYR 14,000 lower than the CBU version that went on sale in April 2012, priced at MYR 99,888. Suzuki Malaysia Automobile (SMA) anno...

OEM Plants  Updated at: 2025/05/02

h of the Virtus sedan, the Anchieta plant in São Bernardo do Campo has returned to three-shift operation. The return of production to three shifts has been carried out gradually, following the launch of the new Polo. In August, the plant resumed five-days-per-week operations, ending the employment insurance plan that many furloughed employees operated under. VW had invested BRL 2.6 billion for the development, production infrastructure and marke...

OEM Plants  Updated at: 2025/05/01

two debuts in one with the all-new Cummins 5.0L V8 Turbo Diesel engine being shown for the first time too. The Cummins 5.0L V8 Turbo Diesel in the upcoming 2016 Nissan TITAN XD features a unique Cummins M2 Two-Stage Turbocharger and is configured to work well at both low and high engine speeds. The Insurance Institute for Highway Safety (IIHS) announced on May 12 the results of recent test of seven SUV models. The Nissan Murano earns a good ratin...

OEM Plants  Updated at: 2025/04/28

gy vehicles in China, while developing sales operations overseas. Chery will also join hands with Putian Ocean Oil New Energy power Co. (tentative name) to build attached facilities including battery stations and develop quick-switchable batteries. In addition, Chery has tied up with Huatai fortune insurance Co.(tentative name) on the insurance for new energy vehicles while concluding a memorandum of understanding to construct an EV center in Tia...

OEM Plants  Updated at: 2025/04/14

derations with its own funds. According to the announcement, FAW Car will initially transfer all of its assets and liabilities to FAW Bestune Car Co., Ltd. (FAW Bestune). The transferred assets and liabilities will not include the shares of First Automobile Finance Co., Ltd. and Sanguard Automobile Insurance Co., Ltd. as well as a part of reserved assets owned by FAW Car. After the transfer, FAW Car will exchange a 100% share in FAW Bestune for t...

OEM Plants  Updated at: 2025/04/09

derations with its own funds. According to the announcement, FAW Car will initially transfer all of its assets and liabilities to FAW Bestune Car Co., Ltd. (FAW Bestune). The transferred assets and liabilities will not include the shares of First Automobile Finance Co., Ltd. and Sanguard Automobile Insurance Co., Ltd. as well as a part of reserved assets owned by FAW Car. After the transfer, FAW Car will exchange a 100% share in FAW Bestune for t...

OEM Plants  Updated at: 2025/04/09

smart car platforms; and the Connect+ Open Plan based on FAW Jiefang’s Internet Connected Vehicles. For ecology business cooperation, the plan includes over 50 enterprises such as Bosch, Continental, and JD.com. FAW Jiefang formed partnership with Manbang Group to collaborate in digital financial insurance and autonomous driving operation, based on car-good matching and customized vehicles. FAW Jiefang also delivered this plan’s first batch o...

OEM Plants  Updated at: 2025/04/09