Showing posts with label investment. Show all posts
Showing posts with label investment. Show all posts

15 Jan 2014

Start of production Golf 7 in Mexico

  • Mexican Secretary of Economy, Dr. Guajardo, and Volkswagen CEO, Prof. Dr. Winterkorn, inaugurate production of the new Volkswagen Golf at the Puebla plant
  • The Volkswagen Group is investing US$7 billion in new products and modern production facilities in North America in period to 2018
  • Volkswagen de México celebrates 50th anniversary


Production of the new Volkswagen Golf1 began today at the Volkswagen plant in Puebla, Mexico. The facility is to build further models from the Golf family for the North America region going forward. Dr. Ildefonso Guajardo, Mexican Secretary of Economy, Rafael Moreno-Valle, Governor of the State of Puebla, and Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, inaugurated Golf production on the occasion of the ceremony marking the 50th anniversary of Volkswagen de México. 700 guests from politics and industry attended the celebrations.

“Volkswagen de México has a proud history and a promising future. One car in particular is a symbol of that: The new Golf,” Prof Dr. Martin Winterkorn said in Puebla. “The start of Golf 7 production will give Volkswagen a big boost in the North America region. And it underscores our commitment to Mexico as an automotive location. That is further confirmed by the US$7 billion our Group will be investing in North America in the period to 2018.”


The intelligent lightweight construction of the Golf, the “World Car of the Year 2013”, is based on the technological innovations of the Modular Transverse Toolkit (MQB), and the vehicle will be exported from Mexico to the USA and Canada. The new Volkswagen Golf will hit North American roads from mid-year as it continues its global success story. Volkswagen has invested some US$700 million in new production plant and modern infrastructure for the Golf in Puebla. The first Golf sedan to be built in Mexico is a red Golf GTI2. Production of further derivatives such as the Golf station wagon for the North and South America regions will begin during the course of the year. Golf production at the Puebla plant has a capacity of 700 vehicles per working day.


CEO of Volkswagen de México, Andreas Hinrichs, underscored the major significance of the Puebla location for Volkswagen: “Our Puebla factory is today one of the Group’s highest exporters and one of its largest plants worldwide. Over 10 million vehicles have already been shipped from here to customers all over the world.”

In addition to the new Golf, the Puebla plant also builds the coupé and cabriolet versions of the Volkswagen Beetle plus the Volkswagen Jetta. In terms of technology, these models also belong to the Golf class and are to be adapted to the structure of the Modular Transverse Toolkit (MQB) in the medium term. Furthermore, Volkswagen began manufacturing modern TSI engines at the Silao engine plant in early 2013. The Audi facility in San José Chiapa will strengthen the Volkswagen Group’s production network in North America from 2016.


The vehicles manufactured in Pueba and the engines produced in Silao are built in accordance with the state-of-the art environmental standards of the Volkswagen brand’s “Think Blue. Factory.” programme. This programme aims to optimise resource efficiency at all Volkswagen plants and to continually improve the environmental compatibility of the production process. 50 years of success unite Volkswagen and Mexico. Volkswagen began exports to Mexico back in 1954. 50 years ago, on January 15, 1964, the Wolfsburg-based company founded an import, production and sales company called “Volkswagen de México S.A.” The Beetle began rolling off the assembly line at the new plant in Puebla in 1967, with production of this model only finally coming to an end in 2003. Alongside the Bulli, the Beetle motorized Mexico for decades.

In 1997, Puebla became the only plant in the Volkswagen Group to build the New Beetle, exporting the model all over the world. Production of the fourth Jetta generation commenced at the same time. Both models lent key growth momentum to export business at Volkswagen de México. From 1964 to the present day, the Volkswagen Group has already invested a total of US$8 billion in Mexico.

15 Dec 2013

USA - 2014 Toyota Highlander starts production in Indiana after $430 Million investment

  • Popular SUV responsible for $430 million investment and more than 600 jobs by 2014 end
Hoosier pride was felt deep and wide on the plant floor of Toyota Motor Manufacturing, Indiana this morning as the company celebrated the start of production of the all-new 2014 Highlander. 

 
TMMI team members and area citizens have much to celebrate, as the popular midsize SUV is responsible for $430 million additional investment and more than 600 jobs at the Princeton automotive plant.
 

“Automotive manufacturers and suppliers around Indiana are putting their expansion plans into gear, creating jobs and more opportunities in every corner of the state,” said Indiana Lieutenant Governor Sue Ellspermann. “With Toyota’s launch of production for the new Highlander right here in the Hoosier State, we are witnessing an economy driving forward. From our world-class workforce to our low cost of doing business, Indiana proves daily that it is a state that works for automotive manufacturing.”
 

The Princeton plant builds a gas version of the Highlander and will begin producing the hybrid version early next year.  Highlanders born in Indiana will find new homes with drivers in the Russian and Australian regions as TMMI expands its export reach.
 

Highlander export business allows for better utilization of the Indiana plant, and helps capitalize on the improving North American and global auto market.  In addition to the new jobs created at the Indiana plant, this project increases opportunities and jobs for Toyota’s North American supply base.
 

2014 new Highlander features
  • All-new exterior with three-row seating for up to eight,
  • Increased cargo capacity,
  • Three power train choices: a fuel-efficient four-cylinder engine, a powerful V-6 with a new six-speed transmission, and a V-6-powered Hybrid Synergy Drive,
  • Entune Audio with Bluetooth phone and streaming music and touch-screen display,
  • Integrated backup camera,
  • STAR Safety System, includes Enhanced Vehicle Stability Control, Traction Control, Anti-Lock Brake System, Electronic Brake-Force Distribution, Brake assist and Smart Stop Technology,
  • Adjustable height power rear liftgate and flip-up rear hatch window, and
  • Eight-way power driver seat.
 
“The all-new Highlander is a dynamic, stylish SUV and its quality craftsmanship and the fact that it will be exported to the Russian and Australian markets is a testament to the hard work and dedication of our team members.” Bafunno said.  “This really is a milestone for our entire team,”
 
Sheila Showalter, Quality Assurance team leader, couldn’t agree more. “When I started here 16 years ago, I was one of 1,300 team members in the West Plant and we were only building the Tundra.  It is exciting to be a part of something this big.”
 
Representing a $4.2 billion investment, TMMI currently employs about 4,500.  By the end of 2014, Toyota will directly employ 4,700 team members.  The Princeton plant also produces the Sequoia full-size SUV and Sienna minivan.  

18 Nov 2013

Welcome new MINI to plant Oxford


The new MINI has made its worldwide debut today (18 November) at MINI’s UK production plant in Oxford and features all-new vehicle architecture , an evolutionary design and a range of new fuel-efficient engines to give owners even more fun behind the wheel. A £750 million investment across three of BMW Group’s UK manufacturing facilities marks the launch of the new car with a new 1,000-robot body shop at Plant Oxford, the debut of new technologies at the steel body pressings operation in Swindon, and new machining and assembly facilities to produce a new generation of three and four-cylinder engines at the Hams Hall engine plant near Birmingham.
Prime Minister David Cameron said: "I was lucky enough to get an early preview of the new Mini - a classic British icon - during a visit to the factory in Oxford last month. This £750 million investment is great news for both the local and wider economy, along with the 5,500 workers whose jobs are safeguarded by this launch.  

"Car manufacturing is a vital engine for growth. Production is back up to pre-recession levels and a car rolls off the line every 20 seconds in the UK. But we're not complacent. Our industrial strategy is a key part of the Government's economic plan and we’re helping to drive the car industry further and faster with over £4bn of investment."
Harald Krueger, BMW Group’s board member for production, said: “In our Oxford plant’s centenary year, we are continuing the MINI brand success story and today starting production of the third model generation. Our total investment of £750 million in our British production locations of Oxford, Swindon and Hams Hall between 2012 and 2015 underscores the importance of the MINI production triangle within our global production network. The UK is the heart of MINI production – thanks to the experience, competence and strong commitment of all our employees.”

The investment means additional job security for the 5,500 associates currently working in the UK MINI production network. Besides a new state-of-the-art body shop, the Oxford plant also benefits from upgrades to its paint shop, its final assembly area and from a series of initiatives reducing the operation’s carbon footprint and improving its waste management processes.  The introduction of the new MINI has also seen a significant investment in the most extensive workforce training programme undertaken at the plant.
Even though there’s instant recognition – something which comes from having such a globally identifiable design – the new MINI is completely new from the ground up in an effort to optimise its styling, function and performance. With its market launch in Spring 2014, the new car offers an enhanced standard specification, an extensive range of options to allow customers to adapt the car to their individual style, higher comfort levels, comprehensive safety technology including pedestrian protection and more innovative networking technology. Longer and wider than its predecessor, the new model provides more interior space for both the driver and passengers. Extensively revised suspension technology, reduced weight and increased rigidity have intensified the typical MINI go-kart feeling.  

Commenting on the new model, Peter Schwarzenbauer, BMW Group’s board member for MINI, BMW Motorrad, Rolls-Royce, Aftersales BMW Group said: “MINI is an inspiration for trend-setters and creative spirits the world over. And with our latest generation of MINI, we want to excite once again. To ensure the new generation of MINI is as successful as its predecessors, we have made just subtle modifications to its design. But beneath the outer skin is a brand-new car with state-of-the-art technologies seen for the first time at a small car”.

1 Sept 2013

Ford Fusion continues great sales in the US, where the hell is the European version ?


  • With 1,400 new jobs and a $555 million investment, Flat Rock Assembly Plant begins Ford Fusion production
  • Production added to improve tight availability of Ford Fusion; U.S. Fusion sales up 13 percent this year
  • Ford will hire almost 6,500 workers in the U.S. this year to support new products, growth and investment; company has added more than three-quarters of the 12,000 hourly jobs it committed to add in the U.S. by 2015

Supported by 1,400 new employees, the new Ford Fusion will roll off the line at Flat Rock Assembly Plant today, marking the first time the popular car has been built in the United States.

The move expands Fusion availability by more than 30 percent – up to 350,000 units annually – as the midsize sedan is setting sales records for Ford.

“With its bold design and great fuel economy, Fusion has exceeded all of our expectations, with demand outstripping supply,” said Joe Hinrichs, Ford president of The Americas. “Fusion in Flat Rock is a win for all of our stakeholders – including customers, employees and dealers. At the same time, Ford is continuing its massive investment in America by creating another 1,400 jobs.”

The 1,400 new employees Ford hired to support added production at Flat Rock Assembly Plant puts the company more than 75 percent of the way toward its goal of creating 12,000 hourly jobs in the United States by 2015. In 2013 alone, Ford is hiring nearly 6,500 new hourly and salaried employees in the U.S. to support products, growth and investment.

Strong Fusion sales
Fusion sales – up 13 percent in the U.S. this year – remain very strong. Through July, Ford sold more than 181,000 Fusions, 21,000 more than were sold in the same period last year. Fusion vehicles are selling in fewer than 20 days in such key markets as San Francisco, Los Angeles and Miami, compared with the industry average of approximately 60 days. The high-end Fusion Titanium is turning even faster in these markets – fewer than 15 days on dealer lots.

Demand for Fusion is growing as the sedan continues to win over buyers from other automakers, particularly Asian manufacturers, with a competitive conquest rate of 50 percent.

Fusion has earned accolades from customers and influential publications, winning seven major awards in its first nine months of production.

Featuring a sleek silhouette and fresh face, the new Fusion is the latest in a series of vehicles from Ford – following the 2011 Fiesta subcompact and 2012 Focus small car – developed to serve customers who want leading fuel efficiency, smart technologies and game-changing design.

Fusion is the first sedan to offer gasoline, hybrid and plug-in hybrid powertrains, underscoring Ford’s commitment to give customers the power of choice. Fusion Hybrid is EPA-certified with a best-in-class 47 mpg city, 47 mpg highway and 47 mpg combined fuel economy rating.

Customers can choose from Fusion’s widest-ever portfolio of fuel-efficient powertrains, including EcoBoost® gasoline-powered, hybrid and plug-in hybrid, automatic and manual transmission offerings and Auto Start-Stop technology.

With seven must-have technologies – including a Lane-Keeping System, adaptive cruise control, active park assist and MyFord Touch® – Fusion demonstrates Ford’s commitment to deliver features customers truly want and value in their vehicles.

Flat Rock transformation
“We are thrilled to have added production of Fusion at Flat Rock Assembly Plant – not just for our dedicated workforce here, but for the entire metro Detroit community and the associated jobs it will create,” said UAW Vice President Jimmy Settles. “Together with the domestic automakers and through the collective bargaining process, we are able to bring jobs to the U.S. that were previously located offshore. Fusion production in Flat Rock is a key part of that.”

To prepare Flat Rock’s newest hires to build Fusion, a simulated factory has been introduced to provide hands-on training in a real-world environment. The simulated factory allows workers to master the tasks they may be performing on the line. It also is expected to help reduce employee attrition and improve overall manufacturing and safety.

As part of a $555 million investment, Flat Rock Assembly Plant has added a state-of-the-art, fully flexible body shop to allow multiple models to be produced on the same assembly line, supporting Ford’s flexible manufacturing efforts.

“We have completely transformed Flat Rock Assembly Plant to help prepare for Fusion production. These upgrades have allowed us to ensure we are building the highest-quality cars,” said Tim Young, plant manager, Flat Rock Assembly Plant.

Ford also has upgraded the plant’s paint shop with installation of its three-wet paint process. It is more environmentally friendly and takes less time than conventional paint processes, without compromising vehicle paint quality or durability.

Other technologies incorporated at Flat Rock include laser brazing, a form of welding that will be used on Fusion to attach the roof of the car to the body with a high-quality, aesthetically pleasing seam. In 2014, dirt detection technology will be introduced at Flat Rock to ensure optimal paint and surface quality, leading to smoother, shinier cars.

Flat Rock Assembly Plant also produces the iconic Ford Mustang, now in its 50th year. The plant recently celebrated the 1 millionth Mustang built at the facility. With the addition of Fusion production, Flat Rock Assembly Plant will have approximately 3,000 employees working two shifts at full line speed.

The Flat Rock factory has been producing vehicles since 1987, when it opened as Mazda Motor Manufacturing USA and built the Mazda MX-6. Ford purchased a 50 percent share in the facility in 1992, and it was renamed AutoAlliance International. During the years, the plant has produced the Mazda 626, Mazda6, Mercury Cougar and Ford Probe.

Fusion also is produced at Hermosillo Assembly Plant in Mexico. Chongqing Assembly Plant 1 in China also builds the car, which is known as the Ford Mondeo in other markets globally.