Headlines for Friday, December 14, 2012
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Europe car sales fall to 19-year low
European car sales fell 10 percent to 965,918 units in November, bringing registrations this year to a 19-year low, as austerity-hit buyers stayed out of showrooms. Read More »
VW Group global sales rise 11.7% in November
VW Group said its global vehicle sales rose 11.7 percent in November as strong demand in the United States and China helped offset a weak European market. Read More »
Fiat rebuts report that it will raise funds for Chrysler buy
Fiat rebutted a report that it was set to raise money to finance its purchase of a further stake in Chrysler, saying it had no need for extra funds. Read More »
Volvo gets $1.2 billion loan from China Development Bank
Volvo has negotiated a $1.2 billion loan from the China Development Bank to repay existing debt and hopes for more to help finance the investment it needs to double vehicle sales. Read More »
Mercedes sees record U.S. sales; concedes luxury race with BMW
Mercedes expects to lose its lead in the U.S. luxury market to German rival BMW, which is expected to be aggressive in its incentive strategy this month. Read More »
Dacia Sandero caters to Europe's thirst for low-cost hatchbacks
The Dacia Sandero hatchback is expected to quickly become the best-selling model for Renault's budget brand, overtaking the Duster small SUV. Read More »
