Headlines for Tuesday, April 9, 2013

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GM workers in Spain accept wage freeze to boost competitiveness

General Motors workers at the company's Opel plant in Spain accepted a two-year salary freeze as part of a labor deal aimed at boosting competitiveness against other European factories. Read More »


GM cuts Korean production on weak Chevrolet sales in Europe

General Motors is increasing production cuts at one of its Korean plants because of slow Chevrolet sales in Europe. GM's Korean unit produces most of the Chevrolets sold in Europe and more than 40 percent of those sold globally. Read More »


Continental unit eyes overseas purchases to boost sales

Continental's rubber and plastics division, Contitech, is targeting further acquisitions in overseas markets to boost sales. Contitech aims to expand operations through organic growth, but also through targeted purchases, division chief Heinz-Gerhard Wente said. Read More »


How Alfa Romeo plans to triple sales in 3 years

Skeptics think Fiat CEO Sergio Marchionne's aim to triple Alfa Romeo's global sales to more than 300,000 units by 2016 is too ambitious. But Alfa's European boss, Louis-Carl Vignon, is convinced Alfa has enough fresh products to meet -- and possibly exceed -- Marchionne's target. Read More »


Fiat says it may need capital hike after Chrysler buyout

Fiat's loss-making European operations will be further weakened by the region's drawn-out auto slump, CEO Sergio Marchionne warned, adding that the carmaker may need to raise capital after it completes a planned buyout of Chrysler. Read More »


Thatcher saved UK auto industry with bailout, academic says

The UK has a healthy automotive industry because Margaret Thatcher bailed out British Leyland, once the country's biggest car company, and allowed Japanese automakers to establish their first European factories in the country, a leading academic said. Read More »


Volkswagen brand vehicle sales fall in March

Volkswagen said sales of its main namesake brand slipped 0.8 percent in March on declining demand in western Europe and Latin America. Read More »


Ghibli will be Maserati's first diesel-powered car

Maserati released images of the Ghibli four-door sedan ahead of the car's debut at the Shanghai auto show. The Ghibli will be the first Maserati production car to offer a diesel variant. Read More »


Danny Glover's new role: Nissan's celebrity nemesis

When Hollywood star Danny Glover recently wrapped up shooting his latest movie in Charlotte, North Carolina, he hopped on a plane and flew to Mississippi to be a nuisance to Nissan Motor Co. Glover has decided to devote his spare time to organizing Nissan's U.S. Read More »


BMW widens luxury-car lead over Audi as Mercedes gains momentum

BMW widened its luxury-auto sales lead over Audi last month on demand for the 3-series sedan and X1 SUV, while the Mercedes brand gained momentum with new small cars. Read More »


Thatcher forged lasting imprint on Europe's luxury brands

Britain's auto industry changed dramatically under Maggie Thatcher's government. Her decision to allow foreign ownership of British carmakers set off a bidding war between General Motors and Ford. Read More »

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