Headlines for Tuesday, November 20, 2012

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Nissan's top executive in Europe sticks to tough target

Nov. 20, 2012 06:01 CET
Nissan aims to pass Toyota as the top-selling Asian brand in Europe by 2016. Colin Dodge, who heads Nissan's European operations, is sticking to this goal despite the region's economic slump.

Saab mulls speeding up relaunch plan

Nov. 20, 2012 10:46 CET
National Electric Vehicle Sweden, the new owner of Saab, may speed up the brand's relaunch by offering a gasoline-powered 9-3 in 2013 rather than re-starting the brand in 2014 with an EV, a company spokesman said on Tuesday.

Italy's Magneti Marelli plans 2nd exhaust systems plant in China

Nov. 20, 2012 11:34 CET
Italian supplier Magneti Marelli plans to build its second exhaust systems plant in China. The new facility, to be built in Hefei in east China's Anhui province, will be a joint venture between Magneti Marelli, Hefei-based Chinese automaker Jianghuai Automobile Co.

Fiat tumbles on concern it needs more cash to merge with Chrysler

Nov. 20, 2012 11:49 CET
Fiat shares have tumbled because investors fear the Italian carmaker will need to raise fresh cash to finance CEO Sergio Marchionne's plans to combine with Chrysler Group LLC. Increasing its stake in Chrysler would help Fiat access the cash flow of the U.S.

UK's GKN builds precision parts plant in China

Nov. 20, 2012 11:24 CET
GKN Powder Metallurgy, a unit of UK-based supplier GKN PLC, is building a plant in Yizheng in east China's Jiangsu province to produce small parts for engines, transmissions and chassis.

Automakers boost advertising in Europe as sales slump deepens

Nov. 20, 2012 06:01 CET
Automakers are boosting advertising in Europe as they seek to get the attention of consumers amid the worst sales slump to grip the region in nearly two decades.

 
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Western European sales rebound slowed in May
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W. Europe car sales rise nearly 7% on new models, discounts
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German car sales rise 6% in sign of Europe rebound
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Italy sales rose by 25% in April boosted by big discounts
Italy's new-car registrations rose 24.7 percent in April to 148,807, boosted by heavy discounting by ...
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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
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Russian new-car sales fall 43% as economy slides
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UK sales rise 6% in best March this century
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Jaguar Land Rover will make China chief its Europe boss, source says
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JLR said to move China head to lead European unit
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Toyota Europe's new sales boss must hold off surging Nissan
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Hyundai to hire Donckerwolke to succeed Schreyer, report says
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Bentley's new design chief is ex-Audi styling boss Sielaff
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Nissan names Toyota Europe veteran as sales chief
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Ford appoints UK boss Ovenden as new Russia chief
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