Headlines for Wednesday, April 10, 2013

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Daimler likely to cut 2013 outlook on weak Europe

April 10, 2013 09:34 CET
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.

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

April 10, 2013 18:31 CET
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.

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

April 10, 2013 22:17 CET
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.

GM will invest 4 billion euros in Opel through 2016

April 10, 2013 14:52 CET
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.

Dacia says strikes may push production to Morocco

April 10, 2013 15:05 CET
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.

VW-brand China sales rise 12.9% in March

April 10, 2013 14:11 CET
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.

Polish car production falls 24% in first quarter

April 10, 2013 13:31 CET
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.

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Peugeot already sees benefits from upmarket move

April 10, 2013 06:01 CET
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.

 
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