Headlines for Tuesday, March 5, 2013

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2013 GENEVA AUTO SHOW

Opel prices new Cascada convertible under 25,000 euros

March 5, 2013 06:01 CET
Opel/Vauxhall's new Cascada mid-sized convertible will be priced more than 14,000 euros less than potential rivals when it starts arriving at dealerships in April as the money-losing brand seeks to attract buyers looking for a cheaper alternative to premium convertibles.

2013 GENEVA AUTO SHOW

Alfa says 4C is the 'ideal' car for U.S. relaunch

March 5, 2013 12:55 CET
Alfa Romeo CEO Harald Wester said the 4C small sports coupe is the ideal model for Alfa's relaunch in North America.

Carmakers warn of weak European market for years to come

March 5, 2013 12:38 CET
New-car sales in Europe are at the low end of expectations and the market is likely to remain shaky for at least five years as the region implements austerity measures to cut its debts, industry executives warned on Tuesday.

Jaguar Land Rover to lift investment at UK engine plant

March 5, 2013 06:01 CET
Jaguar Land Rover plans to increase investment at its UK engine plant and double employment at the site to around 1,400, CEO Ralf Speth said.

New Opel CEO Neumann readies turnaround plans

March 5, 2013 15:28 CET
Karl-Thomas Neumann, Opel's new CEO, outlined three priorities while saying he took the job at General Motors' money-losing European subsidiary because of its improved vehicles and GM's commitment to spend billions of dollars turning the business around.

2013 GENEVA AUTO SHOW

Ferrari unveils its fastest model to date

March 5, 2013 12:00 CET
Ferrari unveiled the LaFerrari supercar at the Geneva auto show today. The 963-hp hybrid is the fastest, most powerful and most expensive Ferrari model to date. It succeeds the Enzo.

Marchionne confirms Fiat's 2013 targets, sees no European market recovery

March 5, 2013 11:25 CET
Fiat CEO Sergio Marchionne confirmed the company's 2013 profit targets today and said a recovery in Europe's car markets this year seemed unlikely.

2013 GENEVA AUTO SHOW

Qoros will launch compact sedan in Europe priced below 20,000 euros

March 5, 2013 14:17 CET
Chinese carmaker Qoros said its Qoros 3 sedan will cost below 20,000 euros ($26,000) when it launches later this year.

LUCA CIFERRI

Is this really a different Note?

8:00 am U.S. ET | March 5, 2013
When I saw the new Nissan Note today I asked myself: Am I at the right auto show? Is this really the all-new Note that Nissan said would be dramatically different from the first-generation car? No chance.

PAUL MCVEIGH

Euro contagion means Russia car sales likely to pass Germany this year

12:01 am U.S. ET | March 5, 2013
Russia is likely to become Europe's biggest market for new vehicles as early as this year as current leader Germany succumbs to the euro zone crisis, according to Toyota Europe's sales and marketing boss Karl Schlicht.

LUCA CIFERRI

Ghosn: Too early to revise European sales predictions downward

12:01 am U.S. ET | March 5, 2013
Renault-Nissan CEO Carlos Ghosn believes it is too early to revise downward sales predictions for Europe this year.

MIKE COLIAS

Why Corvette in Europe faces a tough road

2:00 am U.S. ET | March 5, 2013
By unveiling the 2014 Chevrolet Corvette Stingray convertible in Europe, GM is signaling that it believes this generation of the 'Vette can stretch its halo beyond American shores.

Toyota sees European profit as revamp bears fruit

March 5, 2013 10:32 CET
Toyota will turn a profit in its European automotive business during the current fiscal year, ending this month, for the first time since 2007.

NICK GIBBS

Lamborghini celebrates 50th with exclusive Veneno

12:01 am U.S. ET | March 5, 2013
Lamborghini stole the limelight from McLaren and Ferrari rivals on Monday by celebrating its 50th anniversary with an exclusive hypercar of which just three will be built.

DOUGLAS A. BOLDUC

VW marries massages, movies & maintenance

12:01 am U.S. ET | March 5, 2013
For most people in the Western world, going to the dealership is like going to the dentist. The visit is considered a success as long as it is quick and painless. At Volkswagen dealerships in China the expectations are higher – and the perks are much better.

 
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W. Europe car sales rise nearly 7% on new models, discounts
New-car sales in Western Europe increased by 6.7 percent in April -- helped by a continuing economic ...
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German car sales rise 6% in sign of Europe rebound
German car sales rose 6.3 percent in April as Europe's No. 1 market joined France, Italy and Spain i ...
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Italy sales rose by 25% in April boosted by big discounts
Italy's new-car registrations rose 24.7 percent in April to 148,807, boosted by heavy discounting by ...
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Europe recovery continues in March
European car sales increased 11 percent in March, the strongest growth in a year, as the region's im ...
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Western European sales recovery accelerated in March
Western European new-car sales rose nearly 11 percent in March, helped by an increasing willingness ...
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Russian new-car sales fall 43% as economy slides
Russian new-car sales fell 43 percent last month as a weak currency, falling oil prices and Western ...
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UK sales rise 6% in best March this century
British new-car registrations rose by 6 percent in March to 492,774 vehicles, a record for the month ...
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Germany's 9% sales rise a positive sign of Europe's continued rebound
New-car sales in Germany increased 9 percent last month, the VDA industry association said. ...
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France, Italy, Spain sales growth in March encourages European recovery hopes
New-car registrations rose in France, Italy and Spain last month, adding to signs that the European ...
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Ford names UK boss Ovenden as new Russia chief
Ford named Russian market veteran Mark Ovenden as the new CEO of its joint venture in the country. ...
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Jaguar Land Rover appoints former Porsche exec as China sales head
Jaguar Land Rover has appointed former Porsche executive Mark Bishop as its new China sales boss, am ...
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Porsche extends contract of production boss
Porsche has extended the contract of its production and logistics boss, Oliver Blume, by five years. ...
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GM promotes former Opel engineer to Asian tech center chief
General Motors named former Opel engineer Tobias Suenner as president of its technical center in Shanghai. ...
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Citroen names former BMW exec as China director
Former BMW executive Sabine Scheunert is the new head of Citroen in China. ...
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Borgward revival led by former Daimler China boss
Borgward named former Daimler China boss Ulrich Walker as its CEO as the company prepares to resurre ...
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Mopar head Gorlier gets additional component role
Pietro Gorlier, the head of Fiat Chrysler Automobiles' global parts and service organization, has be ...
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Hyundai names new Europe chief
Hyundai said company veteran Hyung Cheong Kim is the new president and CEO of its European operation ...
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Hella says its finance chief will leave
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Sogefi names former Faurecia exec as new CEO
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Ford expects big boost from high-tech Mondeo
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Sportier Skoda Fabia keeps its functionality
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Mazda2 gets bigger, lighter and bolder
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Preh teams up with Audi on new TT's high-tech air vents
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