Headlines for Wednesday, January 30, 2013
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Ghosn sees long European slump unless region gets competitive
Renault CEO Carlos Ghosn said the European auto market won't recover before 2020 unless governments take action to make their economies competitive. Read More »
Ferrari to help Alfa Romeo on engines, Marchionne says
Fiat will announce within a month a technical cooperation between its Ferrari and Maserati subsidiaries on engine work aimed at rebuilding the Alfa Romeo brand, Fiat-Chrysler CEO Sergio Marchionne said Wednesday. Read More »
VW plans further cuts in German Passat production
VW plans further temporary halts in production of the Passat in Germany in the coming weeks as a result of the weak European market. Read More »
Marchionne confirms Fiat's 2013 outlook despite Europe 'free fall'
Fiat today confirmed that it expects its Fiat and Chrysler auto divisions to increase sales to a combined 4.3 million to 4.5 million vehicles this year and boost revenues to between 88 billion and 92 billion euros. Read More »
Opel union seeks job guarantees for Bochum closure
German trade union IG Metall wants GM to guarantee no Opel employee at the Bochum car plant will join the ranks of the unemployed once production ends. Read More »
Fiat, Alfa to get U.S. boost from new Chrysler product plan
The Fiat and Alfa Romeo brands will get a big boost in the United States from Chrysler Group's new long-range product plan revealed today. Read More »
Opel says it has 20,000 orders for Adam
Opel has received more than 20,000 customer orders since October for the new Adam minicar, a crucial product for the money-losing brand. Opel and GM need the Adam to be a success if it is to turn around its European business. Read More »
Fiat Q4 profit up 29% helped by narrower Europe loss
Fiat reported a 29 percent gain in fourth-quarter profit, boosted by record sales of Jeep models and a narrower loss in Europe. Read More »
Fisker hires turnaround specialist
Fisker Automotive, the plug-in hybrid maker that's seeking a partner or a buyer, hired a turnaround special to help manage day-to-day operations during negotiations. Read More »
Cutbacks at PSA and Renault meet growing resistance
Labor tensions at France's automakers took a turn for the worse as Renault workers protested over planned cuts and PSA/Peugeot-Citroen's restructuring plan hit a legal setback. Read More »
