Headlines for Wednesday, April 18, 2012
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China's BAIC will unveil potential flagship to challenge BMW, Audi and Mercedes
Chinese automaker BAIC will unveil the C80K concept at the Beijing auto show. The sedan hints at a potential competitor to the long-wheel-base versions of the Audi A6, BMW 5 series and Mercedes Benz E class, which dominate the luxury-car segment in China. Read More »
Audi mulls producing a high-performance Q3
Audi will unveil the RS Q3, a high-performance concept vehicle based on its Q3 compact SUV, at the upcoming Beijing auto show. The automaker said public reaction will determine whether it builds the concept, which would be the first time it has applied its RS performance badge to an SUV. Read More »
Audi banks on Mexico assembly plant to relieve N.A. supply constraints
Volkswagen Group has settled on Mexico to build a new North American factory for its premium Audi brand. The factory will initially have capacity for 150,000 Q5 SUVs a year, Audi CEO Rupert Stadler said at a briefing on Thursday in Hamburg. Read More »
VW Group board approves Audi's purchase of Ducati
Audi's purchase of Italian motorcycle maker Ducati Motor Holding was approved by the Volkswagen Group and Audi boards on Wednesday. Read More »
VW will add a seventh factory in China, sources say
Volkswagen will agree terms to build another factory in China during Chinese Premier Wen Jiabao's visit to Germany on April 23, as Europe's largest carmaker expands operations in the world's biggest auto market, two officials said. Read More »
PSA, Toyota in factory-sharing talks, Sarkozy says
Toyota may replace Fiat as a partner at a joint Fiat-PSA/Peugeot-Citroen factory in northern France, President Nicolas Sarkozy said. Read More »
Jaguar Land Rover IPO seen as jackpot as valuation soars
With Tata Motors planning $12 billion in capital spending and product development for its luxury Jaguar Land Rover brands over five years and a proposed partnership with China's Chery in the pipeline, conditions could be right for an initial share sale of the British brands. Read More »
