as informed in Hitachi Automotive Systems already supplies parts not only to Honda but also Toyota, Ford, Volkswagen, Renault and Nissan.
Hitachi Automotive Systems and Honda Motor (TKO: 7267, NYSE: HMC) have agreed to create a joint venture specializing in electric vehicles, with the investment of some $45 million.
Hitachi Automotive Systems, Hitachi’s (TKO: 6501) auto parts subsidiary created in 2009, will control 51% of the operation, with the remaining 49% to be held by Honda, according to Reuters.
But rather than pushing Japanese automakers apart, these forces have encouraged rivals to work together on R&D as they seek synergies from overlapping supply chains.
Through a majority stake in Maruti Suzuki India (NSE: MARUTI), Suzuki currently supplies one of every two passenger cars sold in India, exploiting a supply chain over 35 years in the making, per Reuters.
Automotive Industry Mobilizes after Trump Threats
Mexico: automotive Industry Mobilizes after Trump Threats Mexico: automotive Industry Mobilizes after Trump Threats Mexico: automotive Industry Mobilizes after Trump ThreatsMexico: automotive Industry Mobilizes after Trump Threats03 de febrero de 2017, 10:46Mexico, Feb 3 (Prensa Latina) Giant Motors Latin America (UGML) will produce Chinese cars in Mexico, despite the threats facing today the Mexican automotive sector by US President Donald Trump.
The plant will have an assembly capacity of 40 thousand vehicles per year aiming to reach 10 thousand units annually by 2021.
According to the monthly report by the Mexican Association of Automotive Industry (AMIA) and Mexican Association of Automotive Distributors (AMDA), during the first month of this year, 123 thousand 260 new units were sold, three thousand 567 more compared to The same month of 2016.
In the comparison that makes the report between sales from December 2016 and January last, there is however a drop of 36.7 percent.
At the same time, from today the country will free of taxes imports of electric cars, taxes, according to decision announced by the Secretariat of Economy (SE).
Budget 2017-18: Impact On The Indian Automotive Industry
After all the primary impact of demonetisation on the auto industry was really seen on rural sales.
The auto industry is disappointed that its long-standing demand for incentive-based fleet modernization has no mention in the budget.
But it is the farm-friendly policies like that the Finance Minister has announced that will really benefit the auto sector.
This is a boost for core sectors such as rural, agriculture, steel, manufacturing etc…, and will convert into increase in consumption in rural India.”
YS Guleria, Senior VP- Sales & Marketing, HMSI said, “With almost 50% of two-wheeler demand coming from rural and semi-urban India, Budget 2016 should have a positive impact for the industry going forward.”
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collected by :Catlin Logan