Headlines for Thursday, January 31, 2013

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VW mulls new growth goal as it nears 2018 target

Volkswagen's top managers are drawing up new expansion goals stretching as far as nine years ahead as steady volume gains have already propelled the automaker within reach of its current sales target for 2018. Read More »

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Opel names Neumann as new CEO

Opel named Karl-Thomas Neumann as its new CEO. Neumann, 51, a former head of Volkswagen China and the supplier Continental, will take up the post on March 1. Read More »

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Porsche, hedge funds agree VW case can be heard in Germany

Porsche SE and several hedge funds seeking damages from the company agreed that New York was the wrong place to pursue compensation, and left the door open to bringing a case in German courts. Read More »

Daimler near deal to take stake in China partner, report says

Daimler will sign a deal in Germany on Friday to take a 10 percent to 20 percent stake in Beijing Automotive Group's car unit, China's National Business Daily newspaper said on Thursday. Read More »

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PSA unions bicker over job cuts at crisis-hit automaker

PSA/Peugeot-Citroen labor leaders squared off against one another over a plan to eliminate 17 percent of the automaker's French workforce, with three of the five main unions urging immediate action to stem losses. Read More »

BMW will sell Husqvarna motorcycle brand to KTM owner

BMW agreed to sell its struggling Husqvarna off-road motorcycle unit to focus its two-wheeler efforts on its namesake brand. Read More »

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VW German workers want a pay hike of up to 6.5%

Workers at Volkswagen's German factories may seek as much as 6.5 percent more pay this year, demanding a share of the company's record sales, VW's top labor representative said. Read More »

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Honda trims full-year profit forecast

Honda cut its full-year profit forecast as lower sales in China and Europe overshadowed the benefits from the weaker yen. Net income will likely be 370 billion yen ($4.1 billion) in the 12 months ending March 31, compared with its previous estimate for 375 billion yen. Read More »

Autoliv says weak European car market will dent first-quarter sales

Autoliv said its sales in the first quarter of 2013 were likely to fall 4 percent due to weak European car markets. Read More »

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PAUL MCVEIGH:

New Opel CEO Neumann may have a mission impossible

Opel's new CEO, Karl-Thomas Neumann, is an auto industry veteran but he hasn't remained in a top job long enough to judge whether he can turnaround around GM's European operations. Read More »

Goodyear will close French plant on Europe troubles

Goodyear will close its main French plant and cut its work force in the country by 39 percent amid labor disputes and plunging auto demand in Europe. Read More »

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Fiat renames Maserati plant after company patriarch

Fiat has renamed its Maserati plant after company patriarch Giovanni “Gianni” Agnelli. The Italian industrialist and controlling Fiat shareholder served as the company's chairman from 1966 to 1996. He passed away a decade ago this month at age 81. Read More »

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Tata denies it plans European production in Romania

Tata Motors has denied that it plans to open a vehicle assembly plant in Romania. Read More »

 
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When Didier Leroy was promoted to head Toyota's European operations in April 2011, his goal was to return the region to sustainable profitability. ...
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European February car sales rise as economy bolsters demand
European car-sales rose by 7 percent in February as signs of a strengthening economic expansion in t ...
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Russian car sales fall 38% in February
Russia's new-car sales fell 38 percent to 128,298 vehicle in February as consumers continued to avoi ...
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German car sales rise as Europe rebound continues
New-car sales in Germany rose 3 percent in January, adding to signs that the European rebound is con ...
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Spanish car sales jump 28% for 17th month of growth
New-car sales in Spain rose 28 percent in January, the 17th consecutive month of growth. ...
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French car sales rise 6% in Jan. as foreign brands gain
French car sales rose 6 percent in January, halting a three-month decline. Volkswagen, BMW, Toyota a ...
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Europe 2014 sales rise on low-cost brands shift
European car sales in 2014 rose for the first time in seven years, thanks to government incentives, ...
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Russia car sales forecast to drop 24% as economic crisis worsens
Russian car sales are set to decline by 24 percent this year after falling 10 percent in 2014 as the ...
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W. Europe car sales up 5% in 2014; 3% gain seen for 2015
New-car sales in western Europe increased by 5 percent in 2014, the best result since 2009, but grow ...
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German car sales rose 7% in December on extra selling day
New-car sales in Germany rose 7 percent in December, returning Europe's largest auto market back to positive annual growth after two years of shrinking sales. ...
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Car sales slump in France in December, but rise in Spain and Italy
France's floundering economy pushed car sales 7 percent lower in December, while Spanish sales jumpe ...
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Former GM Europe chief Forster will lead UK taxi builder
Auto industry veteran Carl-Peter Forster, who once headed GM Europe and Tata Motors, is new board ch ...
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Volvo appoints Europe boss as part of global reorganization
Volvo named Anders Gustafsson as head of Europe, Middle East and Africa, one of three global busines ...
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Renault reinforces quality oversight
Renault aims to improve its quality and customer satisfaction ratings by moving its Americas chief, ...
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Cadillac Europe will be run by former BMW executive
GM has appointed veteran BMW executive Andreas Schaaf as its new Cadillac chief in Europe. ...
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BMW names ex-Mini plant boss next production chief
BMW Group has promoted manufacturing expert Oliver Zipse to succeed incoming CEO Harald Krueger as h ...
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Grupo Antolin shakes up management team
Grupo Antolin, the world's largest supplier of vehicle headliners, has shaken up the top tier of its ...
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Bentley names industry veteran Winkler to head Americas unit
Bentley said it appointed Michael Winkler as president and CEO of Bentley Motors in the Americas, replacing Christophe Georges, who will become director of product and... ...
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Ford names new lobbyist in Europe as free trade, CO2 pressure intensifies
Ford of Europe has promoted veteran lobbyist Andrew McCall as its new vice president for government ...
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New Mini boss is former Audi executive
BMW named former Audi executive Sebastian Mackensen as head of its Mini brand. ...
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Volvo appoints Kerssemakers as U.S. chief
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Land Rover Discovery Sport on conquest path
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Sportier Skoda Fabia keeps its functionality
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BMW X6 gets sleeker to keep edge on new rivals
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Daimler seeks profitability at Smart with 2 minicar sizes
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VW Passat tackles trailer troubles
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Audi boss calls A3 e-tron the 'perfect' EV
Audi CEO Rupert Stadler calls the A3 Sportback e-tron the “perfect electric vehicle for every ...
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Mercedes pushes S-class plug-in's zip
Mercedes-Benz's marketing plan for the new S-class plug-in hybrid aims to show prospective buyers th ...
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Novelis helps make the Jaguar XE lean and green
Novelis plays a key role in the new Jaguar XE's aluminum-intensive monocoque structure. ...
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Faurecia helps cut CO2 in new Renault Twingo
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ZF provides Maserati Quattroporte with leaner, smarter transmission
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