Headlines for Wednesday, November 14, 2012

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Tata denies report on alliance talks with PSA

Nov. 14, 2012 13:14 CET
Tata denied a report on Wednesday that it is in talks to set up an alliance with PSA. "That is absolutely incorrect," Tata spokesman Debasis Ray told Reuters.

FROM THE CURRENT ANE PRINT ISSUE

Are Korean automakers winning the right way in Europe?

Nov. 14, 2012 06:01 CET
While struggling European carmakers reduce production and consider plant closures, Hyundai and affiliate Kia are reporting record sales. The Korean brands attribute buoyant sales to their lean organizations and modestly priced, desirable new cars. Others disagree.

Delphi completes acquisition of French connectors unit

Nov. 14, 2012 06:01 CET
Delphi Automotive has completed the $982 million acquisition of FCI Group's Motorized Vehicles Division, which supplies connectors.

Lamborghini CEO says ultraluxury car demand won't grow in 2013

Nov. 14, 2012 06:01 CET
Lamborghini CEO Stephan Winkelmann said global demand for ultraluxury sports cars will probably not increase next year as the European debt crisis drags on and China's economy slows.

Stadler says Audi to hit 2012 global sales goal despite Europe's slump

Nov. 14, 2012 06:01 CET
Audi, the world's second-largest maker of luxury cars, said it's on track to reach a goal of selling a record 1.4 million vehicles in 2012 and expects the momentum to continue into next year.

Visteon opens design center in India

Nov. 14, 2012 06:01 CET
Visteon has opened a design center in Pune, India. The facility, part of a Visteon engineering center, will house experts in human-machine interface, plus engineers, program managers and market researchers.

 
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