Headlines for Thursday, April 11, 2013

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PSA credit rating cut on Europe recovery doubts

April 11, 2013 10:04 CET
PSA/Peugeot-Citroen's credit rating was cut one step to four levels below investment grade by Moody's Investors Service, which said a contraction in Europe's car market will put at risk the automaker's plans to restore cash flow.

2013 SHANGHAI AUTO SHOW

Citroen Wild Rubis previews SUV for upscale DS line

April 11, 2013 09:00 CET
Citroen's Wild Rubis concept showcases the first SUV/crossover to be sold under the brand's upscale DS line. The concept will mainly be targeted at high-earning Chinese customers.

Ford introduces fifth version of its EcoBoost engine

April 11, 2013 23:49 CET
Ford will introduce this month a 1.5-liter version of its turbo-charged EcoBoost engine. The UK-designed engine will be offered in the Mondeo in Europe and China and in the Fusion in the United States.

Ford begins full-scale Explorer output in Russia

April 11, 2013 22:10 CET
The first built-from scratch Ford Explorer rolled off the assembly line today in Russia -- the first time an Explorer produced outside the United States didn't come from a knock-down kit.

GM's Akerson meets Merkel as two sides bury past differences over Opel

April 11, 2013 18:04 CET
General Motors CEO Dan Akerson met with German Chancellor Angela Merkel to discuss the automaker's Opel unit as the two sides worked to move past a dispute over a failed effort to sell the division.

BMW says production systems helping to counter Europe slump

April 11, 2013 18:19 CET
BMW CEO Norbert Reithofer said the automaker's success amid Europe's auto-market contraction shows the importance of setting up production and sales that can weather an economic crisis.

Skoda says March deliveries fell 12%

April 11, 2013 10:31 CET
Skoda said its worldwide car deliveries dropped by 12 percent in March due to a switch to a new model and weak European markets

Tata may add higher priced Nano models to counter slow sales

April 11, 2013 06:19 CET
Tata may launch higher priced models based on the Nano, the $2,000 compact it introduced with great fanfare in 2008. The reason: Few buyers wanted a vehicle that was primarily pitched as a cheap alternative to a motor scooter.

Toyota, other Japanese automakers recall 3.4 million vehicles over airbag

April 11, 2013 10:49 CET
Japanese automakers including Toyota, Nissan and Honda are recalling about 3.4 million vehicles worldwide due to defective airbags supplied by Takata.

YANG JIAN

New China leaders may boost auto industry

12:01 am U.S. ET | April 11, 2013
China's government has kept a tight grip on the domestic auto industry for years. But that may be about to change.

Opel could hybridize new diesel engine family

April 11, 2013 06:01 CET
Opel/Vauxhall's new family of diesel engines could be hybridized if needed to help meet tougher European CO2 rules expected in 2020 and 2025, the automaker's head of diesel engineering told Automotive News Europe.

Goodyear sued by French employees over plant closure plan

April 11, 2013 08:49 CET
Goodyear was sued in its U.S. home city by French workers claiming the company violated laws of both countries as it implemented a plan to close a plant in Amiens, France.

 
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Greek sales slide amid broader European rebound
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UK new-car sales rise 13% in June boosted by low finance deals
UK new-car registrations in June increased 13 percent to 257,817. The increase meant that sales wer ...
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German car sales rose 13% in June, helped by extra sales days
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Spanish new-car sales jump 24% as scrappage program boosts demand
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French car sales rise 15% in June on extra working days
French new-car sales increased 15 percent in June as two extra working days helped to lift registrat ...
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European car sales recovery slows in May
The recovery in European car sales slowed down in May as buyers' concerns about unemployment and the ...
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Western European sales rebound slowed in May
Western European car registrations rose 0.2 percent in May as the region's stop-go recovery faltered ...
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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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Opel names engineer to oversee quality
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CLEPA names Brembo exec as next president
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JLR said to move China head to lead European unit
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