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News Overview : July 25, 2007

Continental to buy Siemens VDO for $15.66 billion

As Reuters reports, Continental AG will buy Siemens' automotive unit VDO for $15.66 billion (11.4 billion euros), German industrial conglomerate Siemens said in a statement today. Siemens also said it would buy U.S. medical-diagnostics company Dade Behring for around $7 billion.

2008 Jeep Liberty launched within flexible manufacturing environment at Toledo North Assembly Plant

Chrysler Group announced the production launch of the all-new 2008 Jeep® Liberty at Toledo North Assembly Plant (TNAP) in Toledo, Ohio.

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Kia will present a sports coupe concept car at the Frankfurt Auto Show

Kia Motors Corporation has confirmed that its all-new sports coupe concept car will make its World Premiere at this year’s Frankfurt International Motor Show.

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Dramatically redesigned Cadillac 2008 CTS will launch in late August

The dramatically designed new 2008 Cadillac CTS will launch in late-August with a higher level of technology, luxury and performance.

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American Honda will bring an ultra-premium Civic MUGEN Si Sedan in mid-October

The Civic MUGEN Si Sedan is equipped with a high-performance suspension, forged aluminum wheels and a sport-tuned exhaust system.

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BMW designers win international “Design Team of the Year” award

The exhibition dedicated to this year's winners of the red dot award hosted by the red dot design museum, was extended until 5 August, 2007.

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Mazda gets the sports crossover SUV CX-7 in Europe on the road

Mazda is about to shake up the European SUV segment with the Mazda CX-7; a crossover vehicle that combines high- performance power, a sporty design, SUV functionality and comfort in a single, fun to drive car.

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Rolls-Royce celebrates delivery of first customer Phantom Drophead Coupés

The first customer have today left the company’s head office and manufacturing plant at Goodwood.

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Nissan revealed highly innovative small van concept NV200

Called NV200 and due to be given its worldwide debut at the Tokyo Motor Show in October, the concept turns conventional light commercial design inside out.

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Audi A3 now equipped with new 1.4 TFSI engine

A new, ultra-modern four-cylinder TFSI engine with a displacement of 1.4 litres and turbocharger can now be ordered for the Audi A3 and A3 Sportback. The 1.4 TFSI engine delivers 92 kW (125 bhp) at 5,000 rpm.

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Business News

Chery and ArvinMeritor set up chassis systems joint venture

Chinese auto maker Chery Automobile Ltd said recently it will set up a joint venture at Anhui Wuhu with auto-parts supplier ArvinMeritor Inc. to build chassis systems.

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General Motors invests $500 million to strengthen South American footprint

Rick Wagoner announced that the company will invest $500 million in its operations in Argentina and Brazil.

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Toyota gambling on China for sales reign

General Motors Corp has been narrowing its sales gap with Toyota Motor Corp, where in the second quarter Toyota Motor Corp outsold General Motors by only a mere 40,000 units.

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Manufacturing News

Earthquake forced Honda to suspend production in two main plants

Because of the recent earthquake in Niigata Prefecture Honda’s production was suspended on July 24, 25 and 26.

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Mercedes-Benz Alabama plant in Tuscaloosa celebrates ten years of production

Mercedes-Benz U.S. International, Inc. (MBUSI) yesterday celebrated the ten year production anniversary of the Mercedes-Benz M-Class.

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Ford Focus will be build at Campbellfield plant in Australia starting 2011

Ford Australia will add a new model line to its Campbellfield manufacturing assembly plant and create approximately 300 new jobs when it begins manufacturing the Ford Focus in Australia in 2011.

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