Headlines for Monday, November 12, 2012

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Fiat appoints company veteran Altavilla as Europe chief

Fiat has appointed company veteran Alfredo Altavilla as head of the automaker's money-losing European operations. Read More »

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Faurecia to cut 3,000 jobs as growth focus shifts outside Europe

Faurecia, Europe's largest maker of car interiors, plans to cut about 3,000 jobs in its home region, or 7.5 percent of the workforce, by the end of next year as it retrenches in lackluster European markets. Read More »

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GREEN CARS:

BMW pushes ahead with EVs, green technology

At a time of retrenchment in electric vehicles and alternative powertrains, BMW CEO Norbert Reithofer reaffirmed his company's commitment to new technology, particularly electric drive. Read More »

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