Headlines for Wednesday, March 21, 2012

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Volkswagen plans low-cost car brand, report says

March 21, 2012 20:25 CET
Volkswagen is planning a low-cost car brand for emerging markets, Ulrich Hackenberg, VW's head of research and development, told a German magazine. The car will sell for about 5,000 euros, Hackenberg said.

Nissan bets on Datsun for sales push

March 21, 2012 13:24 CET
Nissan is counting on its Datsun brand to attract a vast pool of first-time car buyers in emerging markets. Nissan is reviving the Datsun nameplate for entry-level cars in Russia, India and Indonesia.

Chinese automakers use UK as testing ground in Europe

March 21, 2012 06:01 CET
Geely Automobile and Great Wall Motor will launch inexpensive cars in the UK this year because the companies believe they can benefit from growing demand for low-cost models during tough economic times.

Jaguar Land Rover seals Chinese JV with Chery

March 21, 2012 12:46 CET
Jaguar Land Rover has finalized a joint venture agreement with Chery Automobile to manufacture and sell vehicles in China. The alliance will produce vehicles and engines for Jaguar Land Rover and a joint-venture brand. The partners also will establish an r&d facility.

U.S. dealer giant Penske expands into Italy

March 21, 2012 15:00 CET
U.S. dealer giant Penske Automotive will expand into Italy via a joint venture with Bologna-based BMW-Mini dealer Andrea Mantellini and his family. The partners will buy and operate dealerships in northern Italy, the companies said in a release on Wednesday.

Continental won't change outlook in wake of China comments

March 21, 2012 11:34 CET
Continental said it has factored slowing Chinese growth in auto sales into earnings projections and won't be revising the outlook in the wake of comments from a Chinese official on Tuesday.

Skoda is on track to boost annual production to 1.5 million

March 21, 2012 11:16 CET
Skoda said it was well on its way to meeting its goal of producing at least 1.5 million cars a year by 2018, helped by new models and rising demand in India, China and Russia.

VW can't overturn Suzuki's GTi trademark, EU court says

March 21, 2012 13:34 CET
Volkswagen Group can't overturn a trademark for SWIFT GTi granted to Suzuki Motor by the European Union's Office for Harmonisation in the Internal Market, the EU's General Court said.

2012 BEIJING AUTO SHOW

Renault, PSA to debut flagship sedans for China

March 21, 2012 06:01 CET
Hit by slowing sales in their home markets, French automakers Renault and PSA are hoping for a boost from China. Both companies will use next month's Beijing auto show to debut flagship sedans for the world's No. 1 auto market.

 
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Europe recovery continues in March
European car sales increased 11 percent in March, the strongest growth in a year, as the region's im ...
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Western European sales recovery accelerated in March
Western European new-car sales rose nearly 11 percent in March, helped by an increasing willingness ...
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Russian new-car sales fall 43% as economy slides
Russian new-car sales fell 43 percent last month as a weak currency, falling oil prices and Western ...
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UK sales rise 6% in best March this century
British new-car registrations rose by 6 percent in March to 492,774 vehicles, a record for the month ...
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Germany's 9% sales rise a positive sign of Europe's continued rebound
New-car sales in Germany increased 9 percent last month, the VDA industry association said. ...
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France, Italy, Spain sales growth in March encourages European recovery hopes
New-car registrations rose in France, Italy and Spain last month, adding to signs that the European ...
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European February car sales rise as economy bolsters demand
European car-sales rose by 7 percent in February as signs of a strengthening economic expansion in t ...
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Russian car sales fall 38% in February
Russia's new-car sales fell 38 percent to 128,298 vehicle in February as consumers continued to avoi ...
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German car sales rise as Europe rebound continues
New-car sales in Germany rose 3 percent in January, adding to signs that the European rebound is con ...
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Spanish car sales jump 28% for 17th month of growth
New-car sales in Spain rose 28 percent in January, the 17th consecutive month of growth. ...
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Hella says its finance chief will leave
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Fiat Chrysler promotes Gilles to global design boss
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Hyundai names sales veteran Schmid as No. 2 in Europe
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Jaguar Land Rover names new global engineering chief
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Volvo appoints Europe boss as part of global reorganization
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Renault reinforces quality oversight
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Cadillac Europe will be run by former BMW executive
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