Headlines for Thursday, February 7, 2013

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PSA takes $5.53 billion in writedowns as auto sales plummet

Feb. 7, 2013 21:34 CET
PSA/Peugeot-Citroen took second-half writedowns of 4.13 billion euros ($5.53 billion), reflecting the falling value of assets as the region's auto sales sink a sixth straight year.

Continental watches eyeballs to limit distraction

Feb. 7, 2013 21:30 CET
Continental AG is developing a system -- dubbed the Driver Focus Vehicle -- that monitors the driver's eye movements, then warns if the driver is looking away from the road under hazardous conditions.

Renault is confident a labor deal will be reached soon

Feb. 7, 2013 11:19 CET
Renault is confident it will reach a deal with unions next week to restructure the automaker's operations in France.

Renault's European fix in danger as Russian growth slows

Feb. 7, 2013 06:19 CET
Russia's car market is forecast to slow and possibly decline this year, ending a three-year streak of gains of more than 10 percent and damping market leader Renault's efforts to offset slumping demand in Europe.

Daimler sees flat 2013 profit after 10% fall last year

Feb. 7, 2013 09:19 CET
Daimler forecast unchanged 2013 profit as spending for new models and a revamp of the automaker's operations eat into earnings. The company said earnings fell 10 percent in 2012.

Daimler CEO Zetsche vows comeback with 13 new models

Feb. 7, 2013 16:04 CET
Daimler CEO Dieter Zetsche will roll out 13 new models with no predecessor in the next eight years to hep Mercedes retake the top spot in luxury-car sales by 2020.

PSA workers face threats from striking colleagues at doomed French plant

Feb. 7, 2013 14:28 CET
For workers on the assembly line at PSA's Aulnay plant near Paris, starting their shift has become a daily test of nerves.They face jeers and threats, as well as eggs and other objects hurled by striking colleagues protesting against the shutdown and PSA's restructuring plans

2013 GENEVA AUTO SHOW

Honda joins Toyota in targeting Europe's compact wagon market

Feb. 7, 2013 14:50 CET
Honda will unveil a concept for a station wagon version of its Civic hatchback at next month's Geneva auto show. A production version will go on sale early next year, marking Honda's return to the European compact station wagon market.

2013 GENEVA AUTO SHOW

BMW touts 3-series GT as sporty but practical car

Feb. 7, 2013 13:45 CET
BMW will debut the 3-series GT at next month's Geneva auto show. The company is promoting the car as a practical but sleek-looking variant of its 3-series lineup.

DOUGLAS A. BOLDUC

Zetsche: If Winterkorn can do it, so can I

12:01 am U.S. ET | Feb. 7, 2013
Dieter Zetsche plans to keep his double role as Daimler chairman and Mercedes CEO despite the different challenges facing the businesses.

VW workers receive 2% of voting rights from Piech's family holding

Feb. 7, 2013 06:01 CET
Volkswagen workers have had their influence boosted at Europe's largest carmaker after receiving 2 percent of VW's voting rights from the Piech-Porsche family.

VW falls, Hyundai rises in innovation ranking

Feb. 7, 2013 06:01 CET
The VW brand fell badly in a new ranking of innovative companies, dropping to 45th overall from 15th in 2010, the last time senior executives were polled. Hyundai and Toyota came out on top among automakers.

 
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