Headlines for Thursday, April 4, 2013

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Hyundai to take 'global action' to fix brake light switch

Hyundai and its affiliate, Kia, will take "global action" to fix a potentially faulty brake light switch, after they said they planned to recall almost 1.9 million cars in the United States. Read More »


Mercedes may allow China partner BAIC to share platforms

Mercedes could allow China partner BAIC to build cars using its vehicle platforms, parent company Daimler said. Daimler has agreed to buy a 12 percent stake in its local joint venture partner for 640 million euros ($822.3 million). Read More »


GM board will meet in Germany to review Opel's progress

General Motors' board will hold its quarterly meeting in Germany next week as the U.S. carmaker examines the efforts of its Opel/Vauxhall unit to become profitable. GM's European operations have lost $18 billion since 1999, but the U.S. carmaker is expecting the division to break even by 2015. Read More »


Ferrari sales in Japan hit 12-year high on economic boost

Ferrari registrations in Japan surged to the highest in 12 years amid growing optimism Prime Minister Shinzo Abe's push to weaken the yen will help boost the world's third-biggest economy. Read More »


Daimler's Bernhard sets sights on beating truck rivals

New Daimler trucks chief Wolfgang Bernhard aims to beat rivals Volvo and Scania in more than just sales. Closing the earnings gap with rivals would increase Bernhard's chances of eventually succeeding Daimler CEO Dieter Zetsche. Read More »


BMW mulls exports of China joint-brand cars

BMW may export cars built under a new brand developed with Chinese partner Brilliance Automotive to mature and developing markets, global sales boss Ian Robertson said. Read More »

Former A123 battery maker settles supply claim with Fisker

The bankrupt electric-car battery maker formerly called A123 Systems, renamed B456 Systems, reached a settlement in which Fisker Automotive reduced its claims by 89 percent to $15 million. Read More »


Opel says crash test shows new refrigerant is safe

Opel has found no evidence in a crash test on its new Mokka small SUV that a controversial air conditioning refrigerant could catch fire in a collision and release toxic fumes. Read More »


Mercedes said to plan X-class range to rival BMW's Mini

Mercedes plans to launch a subcompact car range with the help of Renault-Nissan, a German magazine reported. The cars, badged as X-class models, would be priced below 20,000 euros and compete with BMW's Mini brand and the Audi A1. Read More »


Toyota targets growth in Europe

Since he was appointed Toyota Europe CEO in 2010 French engineer Didier Leroy led the automaker's operations in the region back to its first profit since 2007 for the fiscal year that ended March 31. Read More »


Beetle marketing push in U.S. pays off for VW

Volkswagen brand's U.S. vehicle sales rose 3 percent last month from a year earlier with most of the gains coming from one nameplate: the Beetle. The brand sold 37,704 vehicles in March, its third straight month of single-digit sales increases after a nearly two-year run of double-digit gains. Read More »


Germany stumbles in global sales race

Germany knows just how powerful the BRIC nations have become. Once the world’s third-largest vehicle-sales market, Germany is at risk of falling to seventh in the global ranking this year because of the rise of the BRICs (Brazil, Russia, India and China). Read More »

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