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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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 sales winners last year in Europe, where overall vehicle sal ...
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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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Europe must look south for car sales growth this year
Western European car sales rose nearly 9 percent last year but the region will likely need a continu ...
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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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Renault names former EV boss as sales and marketing chief
Renault named its former EV program boss, Thierry Koskas, as the company's sales and marketing chief ...
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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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Toyota rolls out fuel cell cars, but Europe is not ready yet
Toyota's European rollout of the fuel cell Mirai this month will be limited to the few countries in ...
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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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