Headlines for Monday, January 7, 2013

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Volvo sees challenging year ahead after 2012 sales drop

Jan. 7, 2013 12:31 CET
Volvo said its global sales fell 6 percent last year, including double-digit drops in China and Sweden and a small rise in the United States, and warned of a tough 2013.

DOUGLAS A. BOLDUC

Win on Sunday, maybe, maybe not sell on Monday

12:01 am U.S. ET | Jan. 7, 2013
Is the theory of Win on Sunday, sell on Monday a myth? Alain Visser says yes. Volvo's sales chief is a diehard race fan, but he's also a realist when it comes to the true return on investment provided by a motor sports sponsorship.

UK races to revive supplier industry

Jan. 7, 2013 06:01 CET
The revival of car production in the UK has prompted the government to take action to rebuild the country's supplier industry.

Daimler stake eyed by China investment fund

Jan. 7, 2013 16:18 CET
China's sovereign wealth fund may buy a stake in Daimler, a China media outlet reported Monday.

NUTS & BOLTS

Ex-Audi designer Schreyer is a Kia president without the pressure

Jan. 7, 2013 06:01 CET
It has yet to be shown that star designers can be transformed into heads of big car company divisions. So when designer Peter Schreyer was named president of Kia Motors over the holidays, we wondered about the wisdom of the move.

Audi plans 2016 start in Mexico

Jan. 7, 2013 06:01 CET
Audi is firming up plans for its plant in San Jose Chiapa, Mexico. In the employee newspaper Audimobil, Mattias Rust, project manager for staff in Mexico, said construction will begin in 2014 and production will start in May 2016 with about 3,800 employees.

PSA may sell Faurecia stake to reduce debt, analyst says

Jan. 7, 2013 12:19 CET
PSA may be forced to dispose of its stake in partsmaker Faurecia to further reduce its debt, a Paris-based analyst said on Monday.

Rising Star nominations sought

Jan. 7, 2013 10:00 CET
Automotive News Europe needs your help to find the Rising Stars in the European automotive industry. We define a Rising Star as an automotive executive with a pan-European profile who has driven change, fostered innovation and made courageous decisions. The deadline for nominations is Feb. 1.

Mercedes' December sales rise on U.S. demand

Jan. 7, 2013 06:01 CET
Daimler said global sales at its Mercedes-Benz Cars unit rose 0.4 percent to 132,589 in December as strong U.S. demand offset weaker deliveries in China and western Europe. Through December, sales rose 4.5 percent to a record 1.42 million.

UK car sales rise to 4-year high in 2012

Jan. 7, 2013 12:49 CET
British new-car registrations rose 5.3 percent to 2.04 million cars in 2012, the highest level since 2008, the Society of Motor Manufacturers and Traders said today. The rise was in stark contrast to other major European markets, which all suffered major declines last year.

JLR's UK sales rise 19.7% in 2012

Jan. 7, 2013 11:42 CET
Jaguar Land Rover said UK vehicle sales rose 19.7 percent to 68,586 in 2012. Deliveries of Land Rover SUVs rose almost 25 percent to 54,480, boosted by demand for the Range Rover Evoque, while registrations of the Jaguar brand increased 2.4 percent to 14,105 vehicles, the company added.

 
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