Headlines for Thursday, December 13, 2012

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Audi will decide on Brazil assembly line in 2013

Dec. 13, 2012 16:16 CET
Audi will decide next year whether to start producing vehicles in Brazil again, following rival BMW's plans for a new plant and word that Japanese brands Acura and Infiniti are on the way.

Q&A WITH GM CEO DAN AKERSON

Akerson bullish on PSA alliance, Opel's new models

Dec. 13, 2012 06:01 CET
General Motors CEO Dan Akerson is steadily putting his stamp on the automaker. He is forging a cost-saving alliance with PSA/Peugeot-Citroen and is bullish about Opel's entry into new segments with the debuts of the Adam minicar and Mokka subcompact SUV.

Ex-VW boss Pischetsrieder to chair Munich Re insurance group

Dec. 13, 2012 14:06 CET
Former VW chief Bernd Pischetsrieder will be the new supervisory board chairman of Munich Re.

DOUGLAS A. BOLDUC

If it's not core, it's out the door

12:01 am U.S. ET | Dec. 13, 2012
The simple rhyme above seems to be the mantra at European automakers lately. Renault, PSA and Daimler have shed substantial stakes in non-core assets.

Jaguar drops plan to build C-X75 supercar

Dec. 13, 2012 15:11 CET
Jaguar said it will not build the hybrid C-X75 supercar, citing global economic pressures. The British luxury brand announced in May last year it would build 250 units of the two-seat car that would sell at prices up to 900,000 pounds ($1.5 million).

PSA declines to comment on report of Algeria investment

Dec. 13, 2012 11:11 CET
PSA has declined to comment on a French news report that says the Algerian government plans to discuss an investment in the automaker with French officials during a visit by President Francois Hollande to the country next week.

Marchionne to outline plans to build Jeeps, Fiat SUVs in Italy, report says

Dec. 13, 2012 08:34 CET
Fiat CEO Sergio Marchionne will soon give details of his plans for the production of Jeeps and Fiat SUVs at the automaker's factory in Melfi, Italy, sources said.

JLR sales rise 14% in Nov. as China offsets weak N. America

Dec. 13, 2012 07:19 CET
Jaguar Land Rover global sales rose a record 14 percent in November as China demand surged, helping to offset a decline in North American deliveries.

Porsche shores up profitability dominance with labor accord

Dec. 13, 2012 13:49 CET
Porsche will shore up its industry-leading profit margins by cutting the number of labor hours required to produce a vehicle.

VW negotiates with Chrysler on minivan future as output pauses

Dec. 13, 2012 09:19 CET
Volkswagen is negotiating with Chrysler about future production of its Routan minivan in Windsor, Canada, as output of the model stops for at least five months.

Renault will sell Volvo Trucks stake to boost investment in carmaking

Dec. 13, 2012 09:49 CET
Renault will sell its remaining 6.5 percent stake in truckmaker Volvo as it seeks to cut debt and boost investment in carmaking. The sale will raise $1.92 billion and ends Renault's 11-year run as the Swedish truckmaker's largest shareholder.

Lamborghini will mark 50th anniversary with new model

Dec. 13, 2012 06:01 CET
Lamborghini is laying big plans for its 50th birthday celebration next year, including a new car. Lamborghini CEO Stephan Winkelmann said the automaker will unveil "a special car that will celebrate" the anniversary -- a one-off design.

 
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