Headlines for Wednesday, December 12, 2012
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European car sales seen flat in 2013, says Italy's ANFIA
European new-car sales in 2013 will remain more or less at 2012 levels, the chief of the Italian carmakers' association ANFIA said. Read More »
Renault-Nissan finalizes Russian auto deal
Renault-Nissan finalized a long-awaited deal to expand in the Russian market, investing $742 million in a joint venture which will control Lada-maker AvtoVAZ. Read More »
PSA will eliminate additional 1,500 jobs as Europe sales drop
PSA plans to shed an additional 1,500 jobs by 2014, deepening its workforce reduction as car sales in Europe plunge to levels not seen in nearly two decades. The cuts, which come on top of 8,000 announced in July, will be made by not replacing people who leave. Read More »
Daimler names new board member for China to boost sales
Daimler said that Hubertus Troska, a top executive in its Mercedes-Benz trucks unit, will take over a newly-created portfolio for China to boost the car maker's flagging business in the world's largest auto market. Read More »
Turkish car production rises 3.9% in November
Turkish vehicle output rose 3.9 percent in November, bringing total 11-month production to 985,395 units, a 9.2 percent decline year-on-year, the Automotive Manufacturers Association (OSD) said in a statement. Read More »
BMW to collaborate with Boeing on carbon fiber
BMW and U.S. aircraft maker Boeing plan to pool information on carbon fiber including research on carbon fiber recycling and know-how covering manufacturing. Read More »
Maserati boss takes aim at German rivals
Maserati’s boss says the carmaker’s new Quattroporte flagship has “nothing to envy” when compared with German premium rivals such as the Mercedes-Benz S class or BMW 7 series. "We are now a true and strong alternative to everything out there," Maserati CEO Harald Wester said Read More »
The end is near for the French flagship sedan
France will no longer have a domestically produced flagship when output of the Citroen C6 ends later this month. The C6's demise marks the end of an era in France that reached its pinnacle in the 1950s. That was when the first Citroen DS sedan arrived. Read More »
