NEW YORK, March 27 (Reuters) – Political friction between
China and Japan delayed by one year Nissan Motor Co’s plan
to get 10 percent market share in China, Renault-Nissan
Chief Executive Carlos Ghosn told Reuters Insider on the
sidelines of the New York auto show on Wednesday.
Ghosn said he is now giving his Nissan team until 2017 to
hit its goal, instead of 2016. Nissan accounts for between 6.5
percent and 7 percent market share in China, the world’s largest
auto market, and is the leading Japanese automaker there. In the
quarter that ended in June 2012, before tensions arose between
the two nations, Nissan said its share in China was 7.6 percent.
NEW YORK (Reuters) – The head of General Motors Co’s (GM.N: Quote, Profile, Research, Stock Buzz) Cadillac brand expects its sales in China, the world’s biggest luxury car market, to grow by two-thirds this year and triple there by 2016.
“We now expect Cadillac sales to triple over the next three years,” Bob Ferguson, vice president in charge of the Cadillac brand, said at a company event on Tuesday ahead of the New York auto show.
NEW YORK, March 26 (Reuters) – General Motors Co is
turning to a redesigned, longer CTS mid-sized sedan to make its
Cadillac luxury brand more competitive against German rivals.
The new “right-sized” CTS will debut this fall as a 2014
model, joining the smaller ATS and larger XTS sedans that the
U.S. automaker introduced last year as part of a push to make
Cadillac relevant far beyond its home market. It showed the
redesigned CTS on Tuesday evening at an event ahead of the New
York auto show.
NEW YORK, March 26 (Reuters) – U.S. industry sales in March
have been strong, with the annual sales rate tracking at a pace
that would top 15 million for the fifth consecutive month, a
senior U.S. executive for Toyota Motor Corp said on
Bob Carter, Toyota’s senior vice president for U.S. auto
operations, said the Japanese automaker is “very optimistic”
about the economy in 2013 – citing a jobs recovery, rising
consumer confidence and an improving housing market.
DETROIT (Reuters) – The United Auto Workers has won the backing of the head of an influential German union in its effort to represent the hourly workers at Volkswagen AG’s (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) Chattanooga, Tennessee, assembly plant.
“In Chattanooga, you need union representation” to negotiate working conditions, IG Metall President Berthold Huber said in a letter distributed in early March to the plant’s 2,350 hourly employees. A copy of the letter was obtained by Reuters.