Russia and the CIS countries are the last remaining markets where the Daewoo brand is in use for cars. The new sedan is set to arrive at dealers in August.
Elabuga will have an annual capacity of up to 105,000 units, with the possibility for expansion of up to 200,000 engines a year. Production of the Duratec engine will begin in December 2015.
Derways aims to sell 2,000 to 2,500 Luxgen vehicles this year and 10,000 next year, with the brand eventually accounting for at least 20% of production.
The Ford Otosan JV is granting intellectual-property rights to Ecotorq heavy-truck engines to be used exclusively in the Chinese auto maker’s locally produced vehicles.
After its European launch, the SX4 will be exported elsewhere in the world, making the auto maker’s Hungary plant one of the most important manufacturing bases for Suzuki’s global strategy.
Expanding transmission assembly in Romania is good news for Daimler’s 13-month-old plant in neighboring Hungary, which produces Mercedes B-Class cars and the new CLA. Sourcing from Romania shortens logistics...