Headlines for Friday, February 24, 2012
Use the form on the right to select a specific day >>
3 reasons why Volvo will suffer for its foreign status in China
Despite Volvo Car Corp.'s Chinese ownership, the central government views the automaker as a foreign entity, Volvo Chairman Li Shufu admitted last week. That's very bad news for Li and for Volvo, which was acquired 19 months ago by Zhejiang Geely Holding Group Co. Li also is Geely's chairman. Read More »
Land Rover unveils concept for convertible Evoque
Land Rover will unveil a Range Rover Evoque convertible concept at next month's Geneva auto show. The company says the model could become a production reality if public reaction is positive. Read More »
Fiat to ship Serbian-built 500L through Montenegro port
Fiat will export more than 90 percent of its Serbian car production through the port of Bar in Montenegro. The automaker plans to begin serial production of the 500L in Serbia in the second quarter. Read More »
Bertone to unveil concept inspired by Lancia Stratos Zero
Stile Bertone will unveil a concept for a high performance coupe at next month's Geneva auto show to mark the Italian design house's centenary. Read More »
Fiat may shut two Italy plants without U.S. exports
Fiat may have to close two plants in Italy if plans to export to the U.S. market don't materialize, CEO Sergio Marchionne said. Fiat must take advantage of a revived U.S. car market since the outlook for the European business is bleak., he said. Read More »
VW's record year ends in disappointment after fourth-quarter profit slips
Volkswagen Group posted an unexpected decline in fourth-quarter operating profit, even as it said full-year results for 2011 were a record. Quarterly operating profit slid 0.9 percent to 2.29 billion euros ($3.05 billion). Read More »
Magna quarterly profit rises on strong sales growth in N. America
Magna International posted a big jump in quarterly earnings as vehicle production soared in North America. Magna said fourth-quarter profit rose to $312 million, compared with earnings of $224 million in the year-before quarter. Read More »
Ford opens plant in China, increasing capacity by a third
Ford opened its third passenger-car factory in China on Friday, increasing the automaker's manufacturing capacity in the country by a third to more than 600,000 vehicles annually. Read More »
