Headlines for Thursday, April 18, 2013

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2013 SHANGHAI AUTO SHOW:

Mercedes unveils GLA concept

Mercedes released pictures and details of the Concept GLA ahead of its debut at the Shanghai auto show. The production version will launch next year as a competitor to the BMW X1 and Audi Q3. Read More »

AvtoVAZ to lower sales forecast on weak Russian market

AvtoVAZ, Russia's largest carmaker, will cut its 2013 sales and production forecasts due to the weak state of its home market, the company's CEO said. "We saw a certain decline in sales in March," Igor Komarov said. Read More »

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Automakers will likely lower targets as German car sales plunge

Daimler and other global automakers will probably have to lower their forecasts after demand in Germany dropped the most in 2 1/2 years. The plunge in the German market is prompting companies to increase discounting, in turn pressuring earnings. Read More »

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BMW plans perks to win EV customers

BMW will offer extra services to attract drivers to its "i" electric-car lineup, including occasional use of fuel-powered models. Read More »

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PSA mulls Aulnay plant closure this year, sources say

PSA may shut its Aulnay plant near Paris as early as September, ahead of a proposed closure in 2014, because strikes are disrupting production, according to sources. Read More »

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Volvo to report big operating loss in China, paper says

Volvo is set to report an operating loss in China for 2012 of between 2 billion to 4 billion Swedish crowns ($308 million to $615 million) as weak car sales and a costly new factory weighed on results, a Swedish daily newspaper reported on Thursday. Read More »

Airbag maker Takata to book $307 million loss after Japan autos recall

Takata, the airbag manufacturer that last week was cited in the recall of 3.4 million vehicles made by Japanese automakers, said on Thursday it will book an annual extraordinary loss of $307 million. Read More »

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GKN's first-quarter profit falls on auto-industry volatility, restructuring costs

UK supplier GKN said today that first-quarter profit fell 4 percent after its auto-parts unit was hit by a restructuring charge and falling vehicle production in Europe, Japan and India. Read More »

BMW, VW supplier SGL issues profit warning

SGL Carbon, which is partly owned by the BMW and VW groups, reduced its profit outlook because of a "slow start" to the year, particularly for its graphite-materials and carbon-fiber units. Read More »

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Bosch sees sales gain of 4% in 2013 on growth outside Europe

German supplier Bosch forecasts its sales will increase as much as 4 percent this year as growth outside Europe makes up for a recession in the region. Read More »

Recall of airbags shows risk of global supply chains

A massive vehicle recall by four Japanese automakers because of faulty airbags underscores the perils of huge global supply chains as companies increasingly rely on a handful of suppliers for common or similar parts. Read More »

 
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European February car sales rise as economy bolsters demand
European car-sales rose by 7 percent in February as signs of a strengthening economic expansion in t ...
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Russian car sales fall 38% in February
Russia's new-car sales fell 38 percent to 128,298 vehicle in February as consumers continued to avoi ...
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German car sales rise as Europe rebound continues
New-car sales in Germany rose 3 percent in January, adding to signs that the European rebound is con ...
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Spanish car sales jump 28% for 17th month of growth
New-car sales in Spain rose 28 percent in January, the 17th consecutive month of growth. ...
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French car sales rise 6% in Jan. as foreign brands gain
French car sales rose 6 percent in January, halting a three-month decline. Volkswagen, BMW, Toyota a ...
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Europe 2014 sales rise on low-cost brands shift
European car sales in 2014 rose for the first time in seven years, thanks to government incentives, ...
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Russia car sales forecast to drop 24% as economic crisis worsens
Russian car sales are set to decline by 24 percent this year after falling 10 percent in 2014 as the ...
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W. Europe car sales up 5% in 2014; 3% gain seen for 2015
New-car sales in western Europe increased by 5 percent in 2014, the best result since 2009, but grow ...
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German car sales rose 7% in December on extra selling day
New-car sales in Germany rose 7 percent in December, returning Europe's largest auto market back to positive annual growth after two years of shrinking sales. ...
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Car sales slump in France in December, but rise in Spain and Italy
France's floundering economy pushed car sales 7 percent lower in December, while Spanish sales jumpe ...
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Former GM Europe chief Forster will lead UK taxi builder
Auto industry veteran Carl-Peter Forster, who once headed GM Europe and Tata Motors, is new board ch ...
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Volvo appoints Europe boss as part of global reorganization
Volvo named Anders Gustafsson as head of Europe, Middle East and Africa, one of three global busines ...
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Renault reinforces quality oversight
Renault aims to improve its quality and customer satisfaction ratings by moving its Americas chief, ...
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Cadillac Europe will be run by former BMW executive
GM has appointed veteran BMW executive Andreas Schaaf as its new Cadillac chief in Europe. ...
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BMW names ex-Mini plant boss next production chief
BMW Group has promoted manufacturing expert Oliver Zipse to succeed incoming CEO Harald Krueger as h ...
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Grupo Antolin shakes up management team
Grupo Antolin, the world's largest supplier of vehicle headliners, has shaken up the top tier of its ...
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Bentley names industry veteran Winkler to head Americas unit
Bentley said it appointed Michael Winkler as president and CEO of Bentley Motors in the Americas, replacing Christophe Georges, who will become director of product and... ...
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Ford names new lobbyist in Europe as free trade, CO2 pressure intensifies
Ford of Europe has promoted veteran lobbyist Andrew McCall as its new vice president for government ...
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New Mini boss is former Audi executive
BMW named former Audi executive Sebastian Mackensen as head of its Mini brand. ...
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Volvo appoints Kerssemakers as U.S. chief
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Land Rover Discovery Sport on conquest path
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Ford expects big boost from high-tech Mondeo
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Sportier Skoda Fabia keeps its functionality
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Mazda2 gets bigger, lighter and bolder
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BMW X6 gets sleeker to keep edge on new rivals
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Daimler seeks profitability at Smart with 2 minicar sizes
Daimler hopes to make its Smart small-car unit sustainably profitable by offering the same car in tw ...
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VW Passat tackles trailer troubles
Volkswagen has made a big effort to ensure its latest Passat remains Europe’s best-selling mid ...
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Audi boss calls A3 e-tron the 'perfect' EV
Audi CEO Rupert Stadler calls the A3 Sportback e-tron the “perfect electric vehicle for every ...
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Mercedes pushes S-class plug-in's zip
Mercedes-Benz's marketing plan for the new S-class plug-in hybrid aims to show prospective buyers th ...
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Novelis helps make the Jaguar XE lean and green
Novelis plays a key role in the new Jaguar XE's aluminum-intensive monocoque structure. ...
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Faurecia helps cut CO2 in new Renault Twingo
Faurecia's emissions control systems helps the third-generation Renault Twingo reduce fuel consumpti ...
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ZF provides Maserati Quattroporte with leaner, smarter transmission
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