Headlines for Thursday, April 4, 2013

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

April 4, 2013 06:01 CET
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.

TECHNOLOGY

Mercedes may allow China partner BAIC to share platforms

April 4, 2013 14:43 CET
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).

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

April 4, 2013 13:19 CET
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.

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

April 4, 2013 10:34 CET
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.

Daimler's Bernhard sets sights on beating truck rivals

April 4, 2013 10:34 CET
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.

BMW mulls exports of China joint-brand cars

April 4, 2013 06:01 CET
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.

Former A123 battery maker settles supply claim with Fisker

April 4, 2013 06:01 CET
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.

Opel says crash test shows new refrigerant is safe

April 4, 2013 06:01 CET
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.

NEW PRODUCT

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

April 4, 2013 06:01 CET
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.

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Toyota targets growth in Europe

April 4, 2013 06:01 CET
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.

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

April 4, 2013 06:01 CET
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.

LUCA CIFERRI

Germany stumbles in global sales race

12:01 am U.S. ET | April 4, 2013
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).

 
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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
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France, Italy, Spain sales growth in March encourages European recovery hopes
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Nissan names Toyota Europe veteran as sales chief
Nissan named Toyota Europe veteran Daniele Schillaci as its new global head of sales and marketing, ...
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Ford appoints UK boss Ovenden as new Russia chief
Ford named Russian market veteran Mark Ovenden as the new CEO of its joint venture in the country. ...
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Jaguar Land Rover appoints former Porsche exec as China sales head
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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
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Borgward revival led by former Daimler China boss
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