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Former Continental CEO Karl-Thomas Neumann might be the happiest guy in the automotive industry right now. Europe's largest automaker has created a high-level position specifically designed to capitalize on his expertise in the electrification of vehicles. This move has the potential to make Germany a leader in electric cars for years to come.
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VW completed its long search for a top sales executive.
Nov. 20 18:46 CET
• VW appoints Stadler as board member; Klingler to head sales
• VW to open new car plant at Karmann site
• Volkswagen to invest 19.9B euros in 2010 to 2012
• VW board approves details on Porsche tie-up
Fiat cannot keep all Italy plants open, Marchionne says
Fiat S.p.A. may have to close factories in Italy, given sharp falls in auto sales which have changed the sector dramatically, CEO Sergio Marchionne said today. Nov. 20 20:00 CET
UK scrappage bonus fails to help local car production
The UK's scrappage incentive doesn't appear to be helping the country's domestic car producers as many buyers are using the bonus to buy foreign-made models. While British new-car sales rose 31. Nov. 20 11:01 CET
GM will present Opel restructuring plan in December, Reilly says
GM will present a new viability plan for Opel in December as it aims to reduce capacity across Europe, GM Europe boss Nick Reilly said on Thursday. ...
• EU to host talks with GM, ministers over Opel’s future
VW to export Polo to UK from South Africa
VW will export right-hand drive models of its new Polo to the UK, Ireland and other global markets from its South African plant. VW plans to almost double South African c ...
China's Geely says it will keep Volvo production in Europe
Geely has told unions that it will keep Volvo production in Europe if it buys the Swedish carmaker. Union leaders at the Ford Motor Co. ...
Former Fiat exec will revive iconic De Tomaso sports car brand
Italian businessman Gian Mario Rossignolo plans to revive the De Tomaso sportscar brand. The former Fiat executive aims to build 8,000 De Tomaso cars a year in a former P ...
Volkswagen seeks to steer clear of job cuts
VW raised hopes that the 90,000 workers in its high-wage western German plants could extend their job guarantees a further three years until 2014. VW wants to be able to ...
Ricardo sees lower H1 trading; strong H2 orders
Ricardo said it still anticipates lower H1 trading, but expected a strong order book to help it return to normal levels in H2. Ricardo expects increased orders in the new ...
BMW will be partner for 2012 London Olympics
BMW became the latest Tier One partner for the London Olympics on Wednesday, joining an impressive list of major companies already signed up by the 2012 organizing commit ...
Search underway for Ratan Tata's successor
India's Tata conglomerate is looking for a successor to Ratan Tata, the 71-year-old chairman of the sprawling salt-to-automaker group. Local and foreign candidates are be ...
Toyota's 15-month slump ends; October global sales up 5%
Toyota Motor Corp.'s global vehicle sales rose 5 percent in October to about 640,000 units, marking the first year-on-year increase in 15 months, the world's biggest auto ...
GREEN CARS
Norwegian EV maker Think to open plant in U.S.
Norwegian electric car maker Think Global is preparing to launch its vehicles in the United States and has picked a site in Indiana for its U.S. manufacturing facility, a ...
Conti plans 1B euro share issue due in January
Continental is poised to issue new shares worth about 1 billion euros ($1.5 billion) in January to reduce debt taken on for acquisitions. ...
Hyundai Motor to sell stake in Hyundai Mobis
Hyundai Motor Co. is planning to sell its stake in partsmaking affiliate Hyundai Mobis, worth 231 billion won ($200 million), to comply with anti-trust rules, the carmake ...
Dealer group D'Ieteren ups full-year profit forecast
Belgium's largest car distributor, D'Ieteren, raised its full-year profit forecast on Wednesday after the decline of auto sales eased in the third quarter and windshield ...
Fiat Doblo to help Chrysler battle Ford in U.S.
Chrysler's new Ram brand will sell a version of the new Fiat Doblo compact van in the U.S. The Fiat-sourced Ram van will go up against Ford's Transit Connect, which Ford ...
VW set to OK Porsche contracts, sources say
VW's supervisory board is set to approve on Thursday contracts drafted for a merger with indebted Porsche Automobile Holding SE and the partial acquisition of Porsche's ...
Autoliv buys Delphi assets; boosts lead in airbags
Autoliv Inc. said on Tuesday it would buy the North American airbag, seat belt and steering wheel assets of U.S. parts supplier Delphi for an undisclosed sum. The deal st ...
• Autoliv CEO says Q4 production holding up
Renault will build Fluence mid-sized electric car in Turkey
Renault 's plant in Turkey will produce the Fluence mid-sized electric car starting in the first half of 2011. Renault promises that the electric version of the Fluence will have the same starting price as variants with combustion engines because of Bursa's affordable labor and its proximity to key...
Nov. 15 18:00 CET
• Renault to build electric cars in France and Spain
Claiming that Nissan will be rewarded for blazing a trail into mass production of electric vehicles, CEO Carlos Ghosn kicked off a year-long marketing blitz for his five-passenger Leaf. He said the hatchback would cost only 1% to 2% more than competing non-electric cars.
Nov. 15 06:01 CET
Ghosn sees electrics, entry-level cars in future
CEO Carlos Ghosn has put Nissan Motor Co. back on track to return to an operating profit in the fiscal year that ends March 31, following a big loss in 2008. Now his focus is the future. Nissan will start selling its Leaf electric vehicle in 2010, with plans to market it worldwide in 2012. The... 11:45 pm U.S. ET | Nov. 15
Hyundai's charge ahead pressures Japanese automakers
Hyundai-Kia's share gains have overwhelmed rivals this year, and the climbing yen and South Korea's export-friendly trade pacts are giving Japanese automakers even more worries. Nov. 15 06:01 CET
New curves, good value drive Hyundai's China sales
China is falling in love with Hyundai Motor Co. The South Korean company has gone for a non-factor to the maker of the top-selling foreign car brand in the country in just seven years. Hyundai has found a comfortable niche in between domestic brands known for their cheap prices and foreign brands... Nov. 15 06:01 CET
Mazda's independent, but Ford ties are strong
Takashi Yamanouchi took over as CEO of Mazda Motor Corp. a year ago this month and was immediately confronted by some of the biggest challenges in Mazda's history. U.S. sales plunged. Ford Motor Co. slashed its 33 percent stake in the Japanese company to 13 percent, relinquishing its controlling... 11:45 pm U.S. ET | Nov. 15
Mercedes U.S. CEO expects year-end sales rise
Mercedes-Benz expects year-on-year U.S. sales growth in the next few months and the potential to increase its U.S. market share next year, U.S. CEO Ernst Lieb said. Mercedes, which has seen its U.S. sales fall 20 percent so far this year, posted a 21.3 percent rise in U.S. sales in October, its... Nov. 15 18:00 CET
Faurecia, with Emcon buy, will be top exhaust supplier
Faurecia plans to acquire Emcon Technologies to create the world's largest exhaust systems supplier, with $7.7 billion in annual revenue. Faurecia plans to combine Emcon, which reported 2008 revenue of about $3.55 billion, with Faurecia Exhaust Systems. The new company will be called Faurecia... 11:45 pm U.S. ET | Nov. 15
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