Headlines for Tuesday, March 12, 2013
Use the form on the right to select a specific day >>
Design message from Geneva: Bye-bye classic sedan
The Geneva auto show signaled that the classic four-door, three-box sedan with a true trunk is out of fashion, particularly in Europe. Two examples of this trend come from automakers with long traditions of sedan making: BMW and Mercedes-Benz. Read More »
PSA streamlines top management after two executives step down
PSA/Peugeot Citroen has streamlined its management board after brands director Frederic Saint Geours and r&d chief Guillaume Faury left their posts. Saint Geours will stay on with PSA as an advisor to CEO Philippe Varin, but Faury is leaving the automaker to become CEO of Eurocopter. Read More »
Ex-Opel CEO Stracke will join Magna Steyr
Former Opel CEO Karl-Friedrich Stracke will join Magna Steyr, a unit of Magna International, on April 1. Stracke will be responsible for contract manufacturing at Magna Steyr's plant in Graz, Austria, as well as the unit's head of global engineering, the company said. Read More »
VW takeover law ruling may lead to big EU fine on Germany
Germany may be forced to pay millions of euros in penalties by the European Union's highest court for failing to change its so-called Volkswagen law to conform to EU rules. Read More »
Audi grapples with stagnant profit due to Europe slump
Audi aims for a "slight" increase in revenue this year after Europe's slumping market hit the brand's 2012 earnings. Audi forecasts higher deliveries this year on demand for the new A3 Sportback and the A3 sedan, which targets American and Chinese buyers. Read More »
'Dynamic' Range Rover Sport to debut in New York
The new Range Rover Sport premium large SUV will be unveiled March 26 on the eve of the New York auto show ahead of sales later this year, Land Rover said. “It is Land Rover's most dynamic vehicle yet,” Land Rover boss John Edwards said. Read More »
Ford UK Chairman Greenwell retires after 40 years
Ford of Britain Managing Director Mark Ovenden will add the role of chairman to his job title when the division's chairman, Joe Greenwell, retires in April Read More »
China passes Sweden as Volvo's No. 2 market
Volvo sold 8,719 vehicles in China in January and February to establish China as Volvo's second-biggest market after the United States. Sales in China were strong enough to outpace Sweden, where Volvo sold 6,847 units in the first two months. Read More »
PSA launches new brand strategy for Peugeot and Citroen
PSA aims to shift the positioning of its two brands further apart, although analysts are skeptical of the move. Peugeot and Citroen cars chase a very similar customer base, which has been a problem for the French automaker for a long time. Read More »
 | |