Headlines for Tuesday, March 26, 2013

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LATEST LAUNCHES

Renault touts low running costs for Zoe EV

March 26, 2013 06:01 CET
Renault says the new Zoe is the first mass-market EV available at an affordable price with low running costs and a long driving range. The automaker expects the battery-driven hatchback to be the biggest seller among its range of electric vehicles that also includes the Fluence Z.E. sedan, Kangoo Z.

WPP India unit sacks employees after sexist Ford ads

March 26, 2013 19:31 CET
An Indian unit of advertising group WPP has sacked employees over a series of ads, including one showing women tied up in the trunk of a Ford driven by ex-Italian Prime Minister Silvio Berlusconi.

RESTRUCTURING

GM's Girsky slashes at Opel's culture

March 26, 2013 08:34 CET
General Motors Vice Chairman Steve Girsky took inspiration from a historical figure to try and stem chronic losses at Opel. GM is the leader in China and the United States but turning around its Europe operations remains spectacularly challenging.

NEW PRODUCT

Audi aims A3 sedan at young luxury buyers

March 27, 2013 01:00 CET
Audi released the first images of its A3 sedan, a new variant of its A3 compact line that will compete for young luxury buyers with the Mercedes-Benz CLA. The sedan will mainly be aimed at customers in the United States and China where sedans are more popular than in Audi's home European market.

SUPPLIERS

Faurecia to build new N.A. headquarters, tech center

March 26, 2013 21:48 CET
Faurecia North America is planning to build a new North American headquarters and technical center north of Detroit in Auburn Hills, Mich.

NEW PRODUCT

Mitsubishi replaces Colt with smaller Space Star

March 26, 2013 12:48 CET
Mitsubishi seeks to gain sales in the minicar segment in Europe with the launch of the Space Star, which replaces the Colt subcompact. The Space Star's retail price of 9,690 euros will help it gain share against rivals such as the Nissan Micra and the Fiat Panda, a Mitsubishi spokesman said.

GREEN CARS

France's EV push presents power grid challenge

March 26, 2013 15:59 CET
The rising popularity of electric vehicles in France could present a problem to the country's fragile power grid, power sector executives say, particularly if owners all recharge their batteries at the same time of day.

SUPPLIERS

Saint-Gobain to close Belgian windscreen factory that supplies Ford's Genk plant

March 26, 2013 15:38 CET
French supplier Saint-Gobain plans to close a factory in Belgium that supplies glass windscreens to Ford's doomed plant in Genk. Ford announced late last year that it would be closing the Genk plant as well as two others in Britain, to stem losses in Europe.

SUPPLIERS

Continental says 2014 sales growth may quicken if economy holds

March 26, 2013 06:01 CET
German supplier Continental says it expects 'high single-digit growth' in 2014 if economic conditions don't worsen. The company added that it is sticking to its forecast of a 5 percent increase in sales this year.

PEOPLE ON THE MOVE

De Nysschen picks new Infiniti team

March 26, 2013 06:01 CET
Johan de Nysschen, president of Infiniti, has overhauled his top management with hand-picked executives tasked with taking the brand global. The changes inject the top ranks with non-Japanese executives, many poached from rivals.

PRODUCTION

Fiat, Serbia said to agree deal to build cheaper 500L for domestic market

March 26, 2013 11:15 CET
Fiat and Serbia have agreed on a subsidy deal to produce a cheaper version of the 500L minicar for domestic sales, a local newspaper reported. Under the agreement, Fiat's Serbian unit would produce the model for 10,900 euros ($14,200), which is around 3,000 euros less than its regular sticker price.

 
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Europe's automakers boosted shareholder value 41% in first quarter
The average shareholder value of Europe's listed automakers improved by 41 percent, outpacing European and U.S. ...
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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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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
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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Kia bets on diesel demand for Sorento
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Espace starts Renault's upper-range revival
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Suzuki sees Vitara as its best-seller in Europe
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Volvo's future rides on revived XC90
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Mercedes-Maybach offers quiet luxury
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Land Rover Discovery Sport on conquest path
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Ford expects big boost from high-tech Mondeo
Ford expects a significant sales boost in the tough midsize segment from its latest-generation Monde ...
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Sportier Skoda Fabia keeps its functionality
The new Skoda Fabia highlights how the fast-growing Czech value brand is adding a touch of style to ...
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Mazda2 gets bigger, lighter and bolder
Mazda expects its latest Mazda2 hatchback to make a bigger impact in Europe's highly competitive sub ...
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Preh teams up with Audi on new TT's high-tech air vents
German supplier Preh teamed up with Audi to equip the TT with heating and air conditioning controls ...
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Novelis helps make the Jaguar XE lean and green
Novelis plays a key role in the new Jaguar XE's aluminum-intensive monocoque structure. ...
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