Welsh Automotive Forum | Press Release

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PRESS RELEASES

The latest press releases form the Welsh Automotive Forum can be found below. If you have any articles to publish, please contact robin.roberts@welshautomotiveforum.co.uk.

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Union idea for saving Opel's Belgian plant is ambitious, unrealistic
Wed, 10 Mar 2010 00:01:00 EST

All my sympathy goes to workers who are trying to save their jobs and prevent Opel from closing a plant in Antwerp, Belgium.

Peugeot appoints new CEO; sales team faces shake-up
Wed, 10 Mar 2010 09:56:00 EST

Peugeot has appointed a new CEO and announced a shake-up of its sales organization.

Russia car sales drop 32% in February
Wed, 10 Mar 2010 00:01:00 EST

Car sales in Russia fell 32 percent in February on a year ago, a slightly less severe drop than the 37 percent slide seen in January, data from the Association of European Businesses showed on Tuesday.

Car-output rise helps give France a boost
Wed, 10 Mar 2010 04:46:00 EST

Robust growth in the output of transport equipment and a rise in car production contributed to a sharper-than-expected rise in French industrial production in January, data on Wednesday showed, in an encouraging sign for first-quarter growth.

Inchcape profit tops hopes; UK dealer group still cautious on recovery
Wed, 10 Mar 2010 02:31:00 EST

Multinational car dealer Inchcape posted a smaller-than-expected decline in 2009 profit, helped by cost cutting and market share gains, but said it did not see a recovery in its markets until late this year.

Toyota to cut steel price for suppliers
Wed, 10 Mar 2010 00:01:00 EST

Toyota Motor Corp. has told its suppliers that it will lower the price of the steel products it sells them by as much as 9 percent starting April 1, four sources with direct knowledge of the talks said on Tuesday.

Valeo's 'determined' CEO unveils revamp plan
Wed, 10 Mar 2010 00:01:00 EST

As Jacques Aschenbroich launches his revamp of car parts supplier Valeo, observers say he will need all the diplomatic skills and determination honed in his climb up France's corporate ladder to make the plan a reality.

Valeo seeks to double sales by 2020; China to play key role
Wed, 10 Mar 2010 04:01:00 EST

French car parts supplier Valeo set new sales and profitability targets as part of a strategic plan to focus on emissions cuts and boost its presence in China and other emerging markets. Valeo said it wants to achieve sales of 10 billion euros ($13.

Is it too late for Ford to keep Volvo?
Wed, 10 Mar 2010 00:01:00 EST

When looking over the Volvo S60 sedan and#8211; my favorite new product at this month's Geneva auto show and#8211; I started wondering whether it was too late for Ford to reverse its decision to sell the Swedish brand?

China's Geely secures cash to buy Volvo, report says
Wed, 10 Mar 2010 02:46:00 EST

The parent of China's Geely Automobile Holdings has secured financing to buy Ford's Volvo brand for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.