Headlines for Tuesday, February 21, 2012

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GM, PSA discuss alliance; Production tie-up in focus

General Motors and PSA are in talks about a possible alliance, PSA CEO Philippe Varin told the French government, following earlier news reports about the discussions. The talks are focused on sharing vehicles and parts. Read More »

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China's Great Wall opens first EU car plant

Chinese automaker Great Wall Motor has opened its first European factory as part of its strategy to lift sales in the region. The plant in Bulgaria will assemble 50,000 units a year. Read More »

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Continental plans first dividend in 4 years as profit gains

German supplier Continental plans to pay its first dividend in four years after posting a gain in 2011 profit. The company said the payout of 1.50 euros, will amount in total to about 300 million euros or 24 percent of net income. Read More »

Fiat's Turkish unit reports quarterly profit rise on property sale

Fiat's Turkish unit Tofas said profit in the fourth quarter climbed 9.6 percent, beating estimates, after gains from a property sale. Read More »

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India's Mahindra in talks to set up assembly line in Russia

Indian automaker Mahindra & Mahindra is in talks with South Korea's Ssangyong distributor in Russia to set up an assembly line. Read More »

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China curbing overcapacity helps GM set goal for doubling deliveries

China is clamping down on overcapacity in the world's biggest automobile market, benefiting companies with entrenched production and sales, such as General Motors, while hurting newcomers to the market. GM plans to double sales in the country to 5 million units by 2015. Read More »

Geely Auto signs car assembly deal with Egypt's GB Auto

China's Geely Automobile has signed a deal for GB Auto to assemble Geely cars in Egypt and distribute them in North Africa. Read More »

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Tata will double annual investments in Jaguar Land Rover

Tata Motors will double investments in its Jaguar Land Rover brands to $2.4 billion a year, even as the Indian automaker warned that it will be a challenge to sustain high margins at its key profit generator. Read More »

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Volvo plans JV to build cars in China

Volvo Cars will form a carmaking venture with majority shareholder Zhejiang Geely Holding Group, as part of plans to expand in the world's largest vehicle market. Volvo will also introduce a new China-only brand. Read More »

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Alfa Romeo's new architecture will be code-named Giorgio, people working on the project told me. ...
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When most people in Germany think about the ADAC Yellow Angel they don't think about the powerful auto club's sullied car award, they think about the time a real-life Yellow.. ...
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Growth of 2% forecast for Europe car market
Europe's car market will probably expand 2 percent this year as demand recovers, ACEA said. ...
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European December car sales jump 13%, boosted by discounting
European new-car sales surged 13 percent in December, boosted by price cuts. Full-year sales fell by ...
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W. European 2013 sales beat forecast
Western Europe's 12 percent rise in new-car sales in December caused the region's overall 2013 volum ...
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Car-sales rise in southern Europe fails to halt regional decline in 2013
A rise in December new-car sales in France, Italy and Spain points to a pick-up in demand in souther ...
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Better Nov. car sales herald European growth in 2014, forecaster says
Western European car sales may improve by nearly 3 percent next year after November showed modest growth, LMC Automotive forecasts. ...
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European car sales rise as VW, Renault make Nov. gains
European new-car sales rose a third consecutive month in November, the longest period of gains in fo ...
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2013 Guide to Automotive Partnerships
Our comprehensive annual guide to global automotive partnerships offers a complete list of each auto ...
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Italy slump continues as November car sales fall 5%
New-car sales in Italy fell 5 percent in November continuing a slump in deliveries in Europe's fourt ...
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German car sales set to grow in 2014, VDA says
Car sales in Germany will recover next year even though November registrations showed a 2 percent de ...
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Spanish car sales rise 15% in November on subsidies
Spanish new-car sales jumped 15 percent in November from a year earlier as government subsidies continued to lift deliveries. ...
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Schaeffler appoints Knorr-Bremse exec Deller as CEO
Schaeffler has appointed auto-parts industry veteran Klaus Deller as its new CEO as the German suppl ...
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Renault names former PSA exec Wertans as global sales boss
Renault named Nicolas Wertans, PSA's former international sales chief, as its new global sales boss. ...
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Vauxhall chief Aldred to head Buick-GMC
GM has appointed Vauxhall boss Duncan Aldred as U.S. vice president of sales at the Buick and GMC br ...
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Honda Europe promotes veteran exec Ross to sales chief
Honda Europe has promoted veteran executive Philip Ross to senior vice president for sales as the ca ...
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VW brings back Barnes as U.S. sales chief
Volkswagen of America has rehired former COO and sales chief Mark Barnes as vice president of sales as it plots the next step toward its goal of nearly doubling deliveries in. ...
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Kia Europe names former VW exec Martins as marketing chief
Kia's European marketing chief, Benny Oeyen, is being replaced by former Volkswagen executive Artur ...
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Former PSA executive is new CLEPA president
Former PSA executive Arnaud de David-Beauregard is the new president of European supplier group CLEPA. ...
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Nissan names VW exec Willcox as new Europe head
Nissan has appointed new regional bosses for Europe and the Africa-Middle East-India regions, tappin ...
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Audi's top designer Egger will move to Italdesign on Feb. 1
Audi confirmed that its chief designer, Wolfgang Egger, will move to Italdesign Giugiaro, where he w ...
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BMW promotes two European execs to key U.S. roles
BMW appointed two European executives to key roles in the United States as the company reshuffles it ...
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Seat goes large with Leon ST
Seat is hoping to win new customers to its compact Leon range with the arrival of the Sports Tourer, ...
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Ford tweaks India-built EcoSport for Europe
Ford has tweaked the EcoSport subcompact SUV for European markets as it hopes the model will help it ...
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Range Rover diesel-hybrid saves fuel on and off road
Land Rover says the Range Rover SDV6 Hybrid offers the performance of a model powered by a V-8 diese ...
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Peugeot says new 308 outshines VW Golf
With the new 308 hatchback, Peugeot thinks it has a worthy rival to the Volkswagen Golf, Europe's be ...
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S3 will be flagship sedan in Audi's compact range
Audi's range of A3 sedans gets a flagship with the arrival of the 300-hp S3 sporty variant, which de ...
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Hyundai aims higher with new i10
Hyundai has positioned the new i10 higher than the outgoing model by making it bigger, more attracti ...
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BMW has high hopes for i3
BMW is bullish on the market potential for the i3 EV, the first model from its i subbrand. ...
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SX4 S-Cross is crucial for Suzuki's European revival
Suzuki expects the SX4 S-Cross, the company's first compact crossover, to help the automaker turn ar ...
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Skoda Rapid Spaceback aimed at low-cost rivals
Skoda is challenging value brands such as Hyundai and Kia in Europe's key compact hatchback segment ...
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Alfa 4C delivers on promise to offer affordable supercar
Alfa Romeo's 4C coupe delivers on the brand's promise to offer a true supercar at a reasonable price ...
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Honeywell turbo reduces CO2 in new Renault Clio
Honeywell’s turbocharger in the new Renault Clio helps the car’s new 90-hp 1.5-liter dCi ...
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Magna contributes to new Mercedes CLA's aerodynamics
Magna International played key roles in the Mercedes-Benz CLA's interior and exterior. ...
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Delphi helps keep the new Range Rover safe
Delphi helps keep occupants safe in the new Range Rover with systems such as it electronically scann ...
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Faurecia, Plastic Omnium cut weight, emissions in new Citroen C4 Picasso
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Honeywell, Hirschvogel help cut CO2 in new VW Golf
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ThyssenKrupp helps trim weight in new Skoda Octavia
ThyssenKrupp cut 20 percent from the weight of the crankshaft in the new Skoda Octavia’s revis ...
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