Headlines for Wednesday, January 30, 2013

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Ghosn sees long European slump unless region gets competitive

Jan. 30, 2013 12:45 CET
Renault CEO Carlos Ghosn said the European auto market won't recover before 2020 unless governments take action to make their economies competitive.

Ferrari to help Alfa Romeo on engines, Marchionne says

Jan. 30, 2013 20:31 CET
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.

VW plans further cuts in German Passat production

Jan. 30, 2013 21:01 CET
VW plans further temporary halts in production of the Passat in Germany in the coming weeks as a result of the weak European market.

Marchionne confirms Fiat's 2013 outlook despite Europe 'free fall'

Jan. 30, 2013 12:56 CET
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.

Opel union seeks job guarantees for Bochum closure

Jan. 30, 2013 06:01 CET
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.

Fiat, Alfa to get U.S. boost from new Chrysler product plan

Jan. 30, 2013 13:46 CET
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.

Opel says it has 20,000 orders for Adam

Jan. 30, 2013 11:00 CET
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.

Fiat Q4 profit up 29% helped by narrower Europe loss

Jan. 30, 2013 11:43 CET
Fiat reported a 29 percent gain in fourth-quarter profit, boosted by record sales of Jeep models and a narrower loss in Europe.

Fisker hires turnaround specialist

Jan. 30, 2013 06:01 CET
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.

Cutbacks at PSA and Renault meet growing resistance

Jan. 30, 2013 06:01 CET
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.

 
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