Tag: Manufacturing

Nissan production, sales and exports for January 2018

YOKOHAMA, Japan (Feb. 27, 2018) – Nissan Motor Co., Ltd. today announced production, sales and export figures for January 2018. 1. Production Nissan’s global production in January surpassed year-earlier results, the first increase in four months, setting a record for the month of January. Production in Japan declined from a year earlier. Production outside Japan… Continue reading Nissan production, sales and exports for January 2018

Mazda Production and Sales Results for January 2018 (Flash Report)

2018/02/27 Production and Sales Mazda Motor Corporation’s production and sales results for January 2018 are summarized below. Note 1: Overseas production figures indicate Mazda-branded units coming off the production line (excluding CKD units). However, non-Mazda-branded passenger vehicles produced at the Mexico plant are included.Note 2: Global production figures are the sum of domestic and overseas… Continue reading Mazda Production and Sales Results for January 2018 (Flash Report)

Subaru Corporation Announces Production, Japan Sales and Export Resultsfor January 2018 (Flash Report)

January 2018 Units 2018 vs 2017 Domestic production *1 44,693 -11.4% First y/y decrease in 2 months Overseas production *2 29,292 -9.4% 2nd consecutive month of y/y decrease Global production total 73,985 -10.7% 3rd consecutive month of y/y decrease Passenger vehicles 9,384 -26.2% 3rd consecutive month of y/y decrease Mini vehicles 2,734 -1.0% 7th consecutive… Continue reading Subaru Corporation Announces Production, Japan Sales and Export Resultsfor January 2018 (Flash Report)

Tesla’s Model 3 Production Deadline Hangs on Shipping Equipment from Germany

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Tesla's Model 3 Production Deadline Hangs on Shipping Equipment from Germany

13 Feb 2018, 13:00 UTC · by Vlad Mitrache
/ Home / News / Industry

4 photosThe Tesla Model 3 has had a rough start in life by any standards, and the fact all eyes were on it sure didn't make it any easier for anyone involved in the process.
Elon Musk admitted to suffering from a case of depression during the time his company was struggling to get out of what it had called “production hell,” but that was to be expected considering he neglected sleep to work side by side with the rest of the team.
The official stance now is that Tesla is out of the woods despite failing to meet its production deadlines after pushing them back several times. Right now it's gunning for 2,500 units a week by the end of the first quarter (that would be March 31) and double that by the end of the second quarter.
In the meantime, the company has just come off the worst quarter in its history regarding losses, which has forced the decision of postponing the launch of the base Model 3, the one with the 200-mile range and $35,000 entry price, until the end of the year. The slower than anticipated production is already hampering Tesla's income, so rolling out a vehicle with a much lower profit margin wouldn't be a wise choice.
Now, though, we hear the 2,500 units for the end of March target might be in danger as well. The Gigafactory plant in Reno where the battery cells and modules for the Model 3 are being built is missing a key component of its lineup if the goal is to be met.
The automated system for module production is currently sitting at its German subsidiary Grohmann Automation, some 5,350 miles and an ocean away from where it should be. The good news is everything is working, the bad news is it needs to be taken apart, transported, and put back together, all under the pressure of the end of Q1 deadline.
Here it is in Elon Musk's words, during his conference call with financial analysts: “That's got to be disassembled, brought over to the Gigafactory, and re-assembled and then brought into operation at the Gigafactory. It's not a question of whether it works or not. It's just a question of disassembly, transport, and reassembly,”

It looks like Tesla is playing it dangerously close once again, and it will be interesting to see the impact on its shares value if the deadlines aren't met for the umpteenth time. Because, as far as we know, there aren't any rocket launches planned just before March 31, right?

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Gestamp recorded revenues of €8,202m in 2017

2.26.2018 Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has recorded revenues of €8,202m in 2017, according to its full year results. Revenues have increased by 8.6% over the previous year, more than six times the growth of production volumes in Gestamp’s footprint… Continue reading Gestamp recorded revenues of €8,202m in 2017

Aston Martin boss: record profits show financial turnaround is complete

Aston Martin posted a profit of £87 million in 2017 – £250 million more than the £163 million loss the brand achieved in 2016. This was driven by a 58% upswing in global sales compared with 2016, with 5117 cars finding homes across the year. £876 million in revenue was raised – 48% up on 2016.… Continue reading Aston Martin boss: record profits show financial turnaround is complete

Aston Martin gears up for IPO with first pre-tax profit since 2010

LONDON (Reuters) – Aston Martin delivered its first annual pre-tax profit since 2010 on Monday after last year’s sales reached a nine-year high, while the luxury British carmaker also confirmed it is considering a stock market flotation. Pre-tax profit reached 87 million pounds ($122 million) last year at fictional spy James Bond’s car brand of… Continue reading Aston Martin gears up for IPO with first pre-tax profit since 2010

BMW X4 F26 Production To Stop In March, X4 G02 Incoming

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BMW X4 F26 Production To Stop In March, X4 G02 Incoming

13 Feb 2018, 7:24 UTC · by Mircea Panait
/ Home / News / Car Profile

Following the premiere of the G01 X3, BMW will be refreshing the Sports Activity Coupe equivalent of the compact luxury crossover. G02 is the codename for the second-generation X4, and considering that production of the F26 X4 is ending in March, we’ll soon get to meet the newcomer.
12 photosAlthough not confirmed by BMW, a report from Bimmertoday quotes insider sources that are adamant the F26 story will come to its conclusion next month. The timing is fitting considering that the Spartanburg plant in South Carolina has to upgrade the production line as soon as possible, more so if you bear in mind the G02 will debut for the 2019 model year.
Spied uncamouflaged in M40d xDrive flavor in August 2017 (pictured), then spied some more with various degrees of camouflage, the all-new X4 will be topped by the M. In a similar fashion to the X3 M, the coupe-ified sibling will use the BMW S58 inline-6 engine, sending an estimated 460 horsepower and 600 Nm of to all four wheels through an eight-speed auto.
Customers who don’t want the full-on M treatment can settle for the M40i or M40d, with these babies packing 360 and 320 horsepower, respectively. The torquiest of the lot, of course, is the M40d, which is currently available with anything from 620 to 760 Nm (457 and 561 pound-feet).
Underpinned by the CLAR platform, the G02 will be lighter than the preceding model by up to 55 kilograms (121 pounds). The underpinnings are also crucial to the technological suite of the X4, which will include the latest version of iDrive infotainment (with the 12.5-inch touchscreen), gesture control from the 7 Series and 5 Series, as well as steering and Lane Change Assistant. M Sport suspension system with Dynamic Damper Control, M Sport brakes, and variable sport steering will also be offered.
On that note, could the G02 X4 make its public debut at next month’s Geneva Motor Show?

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Carmaker PSA, Malaysia’s Naza sign deal to produce PSA cars for Asia

PSA’s Chief Executive Carlos Tavares had said last month that it was hard to decide upon the group’s strategy for Vauxhall given lack of clarity over Britain’s plans to leave the European Union. PARIS: French carmaker PSA and Malaysian company Naza Corp have signed a deal to jointly produce PSA-branded cars for Malaysia and other… Continue reading Carmaker PSA, Malaysia’s Naza sign deal to produce PSA cars for Asia