Headlines for Wednesday, February 20, 2013
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Catch the wave at Toyota's new motor show booth
What do you get when you take a piece of Toyota corporate stationery and roll up one end like a tube of paper towels? It's the new look of Toyota's global motor show stand. Toyota calls it “The Wave.” Read More »
Daimler says refrigerant dispute won't delay S-class launch
Daimler's summer launch of the Mercedes S class will not be delayed by uncertainty over whether the carmaker must use a new air-conditioning refrigerant. Daimler is banking on the success of the new S class, expected to hit European markets in July, to help it to offset a weak first half. Read More »
Mercedes tops BMW in 2012 U.S. registrations, Polk says
Mercedes-Benz had more U.S. new-vehicle registrations than BMW in 2012, giving the German automakers one more point of disagreement over which is the leading seller of luxury vehicles. Read More »
Volvo plans to cut 1,000 jobs to reduce costs
Volvo will cut 1,000 more jobs and save more than $200 million to reach breakeven this year after sales and Chinese growth have lagged. Read More »
Hyundai Europe expects to keep market share in 2013
Hyundai Europe says it expects to keep the 3.5 percent market share it enjoyed in 2012, despite overall regional sales beginning their sixth year of decline. Read More »
Italy's Brembo sees first-half sales boost as U.S. car demand surges
Brembo, the Italian maker of brake systems for Ferrari and Porsche sports cars, is forecasting first-half sales growth as demand jumps in the U.S. Read More »
Ford to give Mulally bonus payment after he retires
Ford is planning to pay a bonus to CEO Alan Mulally after his employment ends as a reward for leading the automaker through its turnaround. Read More »
Volvo, Geely will establish joint R&D center in Sweden
Volvo and its Chinese parent Geely will set up a joint research and development center in Sweden to produce technology for new cars from both carmakers. Read More »
Nissan counts on tech upgrades to boost Note's appeal
Nissan believes that a stronger focus on design and technology will boost the next-generation Note's appeal, allowing it to expand its customer base beyond its core small minivan buyers. Read More »
Audi set to double SUVs to close BMW's luxury lead
Audi plans to double its lineup of sport-utility vehicles to close the sales gap behind BMW as more customers seek high-riding vehicles with the cachet of a luxury brand. Audi is developing the Q2, Q4 and Q6 as a sportier alternative to its current range of three SUVs. Read More »
Infiniti names ex-Mazda exec to head key European markets
Infiniti has named Christian Blank its director for Germany and three other key European markets as the carmaker gears up for a major sales push in the region led by a new premium compact to rival the Audi A3 and BMW 1 series. Read More »
