Headlines for Wednesday, February 20, 2013

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HANS GREIMEL

Catch the wave at Toyota's new motor show booth

9:35 am U.S. ET | Feb. 20, 2013
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.”

Daimler says refrigerant dispute won't delay S-class launch

Feb. 20, 2013 16:25 CET
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.

Mercedes tops BMW in 2012 U.S. registrations, Polk says

Feb. 21, 2013 00:34 CET
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.

Volvo plans to cut 1,000 jobs to reduce costs

Feb. 20, 2013 18:21 CET
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.

Hyundai Europe expects to keep market share in 2013

Feb. 20, 2013 12:58 CET
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.

Italy's Brembo sees first-half sales boost as U.S. car demand surges

Feb. 20, 2013 06:01 CET
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.

Ford to give Mulally bonus payment after he retires

Feb. 20, 2013 06:01 CET
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.

Volvo, Geely will establish joint R&D center in Sweden

Feb. 20, 2013 13:50 CET
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.

2013 GENEVA AUTO SHOW

Nissan counts on tech upgrades to boost Note's appeal

Feb. 20, 2013 12:20 CET
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.

Audi set to double SUVs to close BMW's luxury lead

Feb. 20, 2013 08:19 CET
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.

Infiniti names ex-Mazda exec to head key European markets

Feb. 20, 2013 06:01 CET
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.

 
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