Headlines for Tuesday, February 26, 2013

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Audi will boost German output further on U.S. demand

Feb. 26, 2013 16:46 CET
Audi will further expand production at its two German factories, citing stable demand for luxury vehicles especially from the United States.

Geely to invest 116 million euros in cab maker

Feb. 26, 2013 10:34 CET
Zhejiang Geely will invest 100 million pounds (115.8 million euros) in London black cab maker Manganese Bronze in the next five years as part of plans to make the company profitable.

PSA-Changan JV appoints new president

Feb. 26, 2013 13:34 CET
Gilles Boussac is the new president of Changan PSA. For the past four years, Boussac has been an executive vice president at another PSA China joint venture, Dongfeng Peugeot Citroen Automobiles.

Volkswagen gov't subsidy probe dropped by EU

Feb. 26, 2013 12:34 CET
The EU has dropped a probe into aid given to Volkswagen by Germany after the government reduced the planned subsidy for the automaker, the European Commission said today.

PSA sees China turning into biggest market as Europe weakens

Feb. 26, 2013 06:01 CET
PSA predicts China will overtake France as its biggest market as early as 2015. The automaker expects to boost sales in China this year by 22 percent to 540,000 vehicles.

Sogefi's 2012 net profit up 22% on N. America growth

Feb. 26, 2013 13:16 CET
talian car parts supplier Sogefi said on Tuesday its full year 2012 profit rose 22 percent to 29.3 million euros as growth at its North American operations powered sales.

2013 GENEVA AUTO SHOW

McLaren will build 375 units of Ferrari rival

Feb. 26, 2013 14:19 CET
McLaren said it will build just 375 units of its flagship P1 supercar that debuts at the Geneva auto show. The P1 will compete with Ferrari's Enzo successor that also debuts in Geneva.

2013 GENEVA AUTO SHOW

Fiat adds SUV styling to the 500L minivan

Feb. 26, 2013 14:00 CET
Fiat will give the 500L Trekking a European debut at the Geneva auto show. The new car will compete in Europe against subcompact SUVs such as the Opel/Vauxhall Mokka, Ford EcoSport, Peugeot 2008 and Renault Captur.

Toyota to expand Russia lineup with U.S.-made Venza

Feb. 26, 2013 13:34 CET
Toyota will expand its model lineups in Russia and Ukraine by adding the U.S.-built Venza to the mix. The world's largest automaker will begin shipments of the wagon later this year as a way to generate added revenue for its U.S. operations.

GKN looks to U.S., Asia to offset weak European car demand in 2013

Feb. 26, 2013 12:49 CET
UK partsmaker GKN predicted another gloomy year for Europe's recession-hit car markets, saying the company would have to rely on the United States and Asia for growth again this year. In 2012, group pretax profit rose 19 percent to 497 million pounds ($751 million), the company said on Tuesday.

 
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Western European car sales rise 6% on Spain, Italy rebound
Western European car sales rose nearly 6 percent in January as the southern markets of Spain and Ita ...
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Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales
Jeep, Smart and Jaguar were the biggest winners last year in Europe, where overall vehicle sales ros ...
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Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales
Jeep, Smart and Jaguar were the biggest sales winners last year in Europe, where overall vehicle sal ...
 Read More ›
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Growth in car sales in key European markets 'encouraging' in January
New-car sales increased in key European markets in January including 3 percent growth in Germany and ...
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French automakers lose ground to rebounding VW
French new-car registrations increased 3. ...
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European car-sales growth forecast to slow to 2% in 2016
European car sales likely will rise 2 percent in 2016, down from 9 percent last year, as northern ma ...
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European sales growth will slow this year, say Daimler, Ford, Volvo CEOs
European automotive executives expect the region's car sales to grow for a third straight year in 20 ...
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VW trails rivals as Europe sales rise 16% in December
New-car sales in Europe rose 16 percent in December in the 28th consecutive month of growth with For ...
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Western automakers hit hard as Russia car sales fell 36% in 2015
Russia's car sales plunged by 36 percent in 2015 in a disastrous year for Western automakers with op ...
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VW brand sales fall 8% in Dec., dragging down group result
Global sales of VW brand cars fell by 7.9 percent in December as the automaker's emissions crisis an ...
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Renault promotes Europe chief Mueller to No. 2 role
Renault has promoted its Europe head, Stefan Mueller, to the role of chief performance officer, maki ...
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Former Opel CEO Demant retires after VW role
Volkswagen Group's international projects chief, Hans Demant, has retired, ending a long career that ...
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PSA appoints former Yahoo exec as chief digital officer
PSA named former Yahoo executive Brigitte Cantaloube as the automaker's first chief digital officer ...
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Mercedes promotes UK sales boss to U.S. role
Mercedes-Benz named its UK sales boss, Adam Chamberlain, as head of sales in the U.S. ...
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VW picks ex-BMW manager to head core brand in North America
Volkswagen has picked ex-BMW manager Hinrich Woebcken to run the North American business of its core ...
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VW motorsport director Capito moves to McLaren
Volkswagen motorsport director Jost Capito has been appointed CEO of McLaren Racing. ...
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Nissan names new Europe marketing chief
Nissan has promoted company veteran Jean-Pierre Diernaz to its new Europe marketing head. ...
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Hyundai hires former Lamborghini exec to shape strategy at luxury Genesis brand
Hyundai has hired former Lamborghini executive Manfred Fitzgerald to shape strategy at its new Genes ...
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Porsche names new production chief
Porsche has named VW Group veteran Albrecht Reimold as new production boss to replace Oliver Blume w ...
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Porsche names new production chief
Porsche has named VW Group veteran Albrecht Reimold as new production boss to replace Oliver Blume w ...
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Range Rover Evoque convertible is not a 'niche too far'
Land Rover says its Range Rover Evoque created a new niche for sporty premium compact SUVs when the ...
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Hyundai Tucson gets big boost from Europe's SUV boom
Hyundai expects the Tucson to change perceptions of the brand in Europe, thanks to its bolder design ...
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Product launches follow a faster cadence
New model launches are getting faster, more frequent and less certain. They also might be a lot fart ...
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Opel boosts connectivity offer in new Karl
Opel's new entry-level model, the Karl, is the brand's cheapest car but it now offers advanced conne ...
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Infiniti's 'big bang' starts with Q30
Infiniti expects the Q30 hatchback and its sibling model, the QX30 crossover, to give the brand a hu ...
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Renault packs Megane with high-tech upgrades
Renault has added upscale features to its new Megane to make the hatchback a better challenger in Eu ...
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Mini tweaks Clubman, moves it up a class
Mini hopes the latest Clubman's four-door body style instead of a three-and-a-half door configuratio ...
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Renault thinks big, green with Talisman flagship
Renault hopes that its new Talisman midsize car will win customers because of its size, efficient po ...
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Opel wants leaner Astra to leap over rivals
Opel hopes to win sales from the Volkswagen Golf as well as compact luxury models such as the BMW 1 ...
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Audi sees A4 causing segment shake-up
Audi executives are optimistic the arrival of the new A4 will give the Volkswagen Group subsidiary t ...
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Suppliers to the new Jaguar XF
Assembly of the second-generation Jaguar XF began in June 2015 at Jaguar Land Rover's factory in Cas ...
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Suppliers to the new Audi Q7
Assembly of the second-generation Audi Q7 began in February 2015 at the German automaker's factory i ...
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Suppliers to the new VW Touran
Assembly of the third-generation Volkswagen Touran began in June 2015 at the German automaker's fact ...
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Suppliers to the new BMW 7 series
Assembly of the sixth-generation BMW 7 series began in July 2015 at the automaker's factory in Dingo ...
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Magna makes new VW Passat lighter
Magna shaved weight off of the body stampings it provides to the eighth-generation VW Passat, which ...
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GKN helps slash CO2 in new Volvo XC90
GKN Automotive formed a partnership with Volvo to develop a so-called eAxle for the plug-in hybrid v ...
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