Beijing Automotive is planning to buy its way into the European automotive market, as the state-owned automaker targets three European manufacturers as potential takeover targets.
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As the Yen continues its march against the dollar, Japanese manufacturers are less likely to offer incentives to move metal off dealer lots; in fact average industry wide spending on incentives fell some 9.6 percent through September, down to $2,498 per vehicle.
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Yet Volvo is taking radical steps, setting a lofty goal of nobody dying in any of its cars by 2020, but says it “needs to understand the mechanisms about how people think,” in order to get there.
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The Earthquake disaster in Japan may prompt European car makers to seek suppliers closer to them, the chief of Europe’s automobile association said. Ivan Hodac, secretary general of the European Automobile Manufacturers Association, said that some car makers are still being affected by the disaster that caused several Japanese auto manufacturers to suspend operations. Hodac also...
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