Headlines for Friday, January 11, 2013

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Daimler's Smart factory: A very German and French operation

12:01 am U.S. ET | Jan. 11, 2013
A visit to Smart's car production plant in Hambach, France, offers a first-hand look at how the Daimler subsidiary gets two different cultures to work together.

VW brand sets 2012 sales record; set for 'difficult' 2013

Jan. 11, 2013 10:16 CET
Volkswagen brand sales surged in December to push its full-year worldwide volume up 13 percent to a record 5.74 million vehicles, the company said on Friday. VW brand sales jumped 31 percent during the final month of 2012 to 517,900 vehicles.

Daimler eyes stake in unit of China's BAIC

Jan. 11, 2013 14:01 CET
Daimler may invest in the passenger-car unit of its Chinese partner, BAIC Group, in a bid to overcome its weakness the world's largest car market, three people close to the plans said.

Skoda sets new high for vehicle sales in 2012

Jan. 11, 2013 12:01 CET
Skoda raised unit sales by 7 percent last year to a record 939,200 cars, Volkswagen's Czech unit said on Friday.

Honda will cut 800 UK jobs on falling European demand

Jan. 11, 2013 11:35 CET
Honda plans to cut about 800 jobs at its plant in Swindon, southwest England, due to falling demand for its vehicles across Europe. It is the first time Honda has cut jobs in the UK since it began car production there in 1992.

Audi names former Lancia boss to head Italy operations

Jan. 11, 2013 12:11 CET
Audi has named former Lancia boss Fabrizio Longo to run its Italian operations. Longo was a mentor to current Audi sales boss Luca De Meo when they both worked at Lancia parent Fiat.

PSA near $7 billion loan deal for car-lending arm, sources say

Jan. 11, 2013 13:19 CET
PSA will sign about 5.3 billion euros ($7 billion) in loans for its struggling bank unit in the next week after lenders offered more than originally sought, according to two people with knowledge of the matter.

China auto sales may top 20 million in 2013

Jan. 11, 2013 12:34 CET
Vehicle sales in China, including those of cars and buses, may accelerate this year and surpass 20 million units for the first time, the state-backed China Association of Automobile Manufacturers said in a statement in Beijing today.

Korea's Halla to buy Visteon's auto climate businesses in China, India

Jan. 11, 2013 06:01 CET
South Korea's Halla Climate Control has decided to buy Visteon's automotive climate units, almost four months after the American auto-parts supplier announced the plan for combining the businesses to make them more competitive.

YANG JIAN

Wary Chinese motorists ignore EVs

12:01 am U.S. ET | Jan. 11, 2013
With a generous array of incentives, China's government expected to turn the country into the world's biggest market for electrified vehicles.

Fiat, PSA forecast to be biggest losers as Europe crisis worsens in 2013

Jan. 11, 2013 06:01 CET
With Europe's new car sales set to fall this year to levels not seen since the 1990s, pressure will increase on automakers' revenues and operating margins. Fiat and PSA/Peugeot-Citroen may be the biggest losers in 2013, according to industry observers.

 
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