Headlines for Thursday, February 14, 2013

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GM is confident of Europe turnaround after losses doubled

Feb. 14, 2013 13:32 CET
General Motors reiterated that it expects to break even in Europe by mid-decade after reporting losses in the region that more than doubled. GM said the market will fall further in 2013.

Fiat wins removal of false 500X image from Geneva show site

Feb. 14, 2013 13:47 CET
Geneva auto show organizers apologized to Fiat after a fake image of the automaker's upcoming 500X crossover was published on the show's Web site. The picture was taken off the site after Fiat complained that the image was not genuine.

Tata Motors Q3 profit falls as Jaguar Land Rover cash boom shifts into reverse

Feb. 14, 2013 11:49 CET
Hit by falling margins and rising capital expenditure, roaring Jaguar Land Rover may be heading for a speed trap.

Renault-Nissan, UniCredit create Russia finance venture

Feb. 14, 2013 15:50 CET
Renault-Nissan will create a joint venture with Italian bank UniCredit to sell loans to car buyers in Russia. The alliance will have a 60 percent stake in the venture, while UniCredit will hold 40 percent, the companies said in a joint statement.

LUCA CIFERRI

Why Daimler should have more faith in Italy

12:01 am U.S. ET | Feb. 14, 2013
Daimler is one of the companies bracing itself against Italy's possible exit from the euro. The controversial move comes at a tense time for the country.

Opel labor talks resume Friday with no end in sight

Feb. 14, 2013 15:19 CET
German labor leaders will return to the negotiating table with Opel for two days of talks starting Friday.

Renault 2012 earnings beat estimates as debt is eliminated

Feb. 14, 2013 08:04 CET
Renault eliminated debt at its auto manufacturing unit last year for the first time since its tie-up with Nissan. The company said 2012 earnings before interest, taxes and one-time items were 729 million euros, beating analysts' estimates.

Russian automakers mull luxury brand to rival BMW, Mercedes

Feb. 14, 2013 14:29 CET
Russian automakers are considering their government's desire for a domestic luxury brand to challenge the dominance of Western premium brands such as BMW, Mercedes-Benz and Audi, but they appear cool on the proposal.

Europe's January car sales offer little hope of recovery

Feb. 14, 2013 06:01 CET
LMC Automotive says it sees little hope of auto sales recovering in Europe this year after registrations in January plunged 9.5 percent. LMC predicted western Europe's full-year sales will drop 4.1 percent this year to 11.27 million, the sixth continual year of decline.

 
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