Headlines for Wednesday, April 10, 2013

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Daimler likely to cut 2013 outlook on weak Europe

Daimler is likely to cut its 2013 profit outlook when it reports first-quarter earnings later this month amid weak demand, especially in Europe. "Not much tailwind is anticipated from the markets in the coming months. Read More »


Nissan will move Primastar van output to France from Spain, report says

Nissan plans to move production of the Primastar van from Spain to Renault's Sandouville plant in France, sources said, helping its French alliance partner keep a pledge to raise domestic output in return for union concessions. Read More »


Ford, allies in U.S. Congress make case for EU trade deal

Ford, which wants the U.S. government to align vehicle standards with those of the EU, has enlisted a longtime ally in its campaign: U.S. politician John Dingell, who is known for his ardent backing of the domestic auto industry. Read More »


GM will invest 4 billion euros in Opel through 2016

General Motors said it will invest 4 billion euros ($5.2 billion) in Opel to support new model launches, renewing its commitment to its European division. Opel plans to introduce 23 new or refreshed models and 13 new powertrains by 2016. Read More »


Dacia says strikes may push production to Morocco

Renault's Dacia unit may shift output to cheaper sites in Morocco if a pay conflict in Romania escalates. Workers at Dacia's assembly plant went on strike for two days demanding a 40 percent pay increase. Read More »


VW-brand China sales rise 12.9% in March

Volkswagen-brand sales in China increased 12.9 percent to 206,800 units in March, cementing China's status as the automaker's key growth market. Read More »


Polish car production falls 24% in first quarter

Polish car production fell an annual 24 percent in the first quarter following a decision by Fiat to transfer output of its best-selling Panda minicar from Poland to Italy and layoff workers at its Tychy factory. Read More »


Peugeot already sees benefits from upmarket move

The boss of PSA/Peugeot-Citroen's namesake brand says he's already seeing benefits from efforts to move upmarket, which the automaker considers crucial to returning to profit. Read More »

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