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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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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European February car sales rise as economy bolsters demand
European car-sales rose by 7 percent in February as signs of a strengthening economic expansion in t ...
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Russian car sales fall 38% in February
Russia's new-car sales fell 38 percent to 128,298 vehicle in February as consumers continued to avoi ...
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German car sales rise as Europe rebound continues
New-car sales in Germany rose 3 percent in January, adding to signs that the European rebound is con ...
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Spanish car sales jump 28% for 17th month of growth
New-car sales in Spain rose 28 percent in January, the 17th consecutive month of growth. ...
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Hella says its finance chief will leave
Hella, a German manufacturer of auto headlights and electronics, said its finance chief Wolfgang Oll ...
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Sogefi names former Faurecia exec as new CEO
Italian supplier Sogefi has named Laurent Hebenstreit as its new CEO. ...
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Fiat Chrysler promotes Gilles to global design boss
Fiat Chrysler promoted Ralph Gilles, its chief designer in the U.S., to global head of design. Gille ...
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Hyundai names sales veteran Schmid as No. 2 in Europe
Hyundai has promoted Thomas Schmid to chief operating officer in Europe. ...
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Jaguar Land Rover names new global engineering chief
Jaguar Land Rover named company veteran Nick Rogers as its new engineering director to succeed Wolfg ...
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Former GM Europe chief Forster will lead UK taxi builder
Auto industry veteran Carl-Peter Forster, who once headed GM Europe and Tata Motors, is new board ch ...
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Volvo appoints Europe boss as part of global reorganization
Volvo named Anders Gustafsson as head of Europe, Middle East and Africa, one of three global busines ...
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Renault reinforces quality oversight
Renault aims to improve its quality and customer satisfaction ratings by moving its Americas chief, ...
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Cadillac Europe will be run by former BMW executive
GM has appointed veteran BMW executive Andreas Schaaf as its new Cadillac chief in Europe. ...
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BMW names ex-Mini plant boss next production chief
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Suzuki sees Vitara as its best-seller in Europe
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BMW X6 gets sleeker to keep edge on new rivals
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Preh teams up with Audi on new TT's high-tech air vents
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