Headlines for Friday, April 19, 2013

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Maserati Ghibli tests Fiat's push into luxury

April 19, 2013 20:53 CET
The Ghibli is an early test of Fiat boss Sergio Marchionne's efforts to squeeze more cash out of the Maserati and Alfa Romeo brands. Maserati faces a difficult balancing act to emulate the success of BMW, Daimler and Audi by rolling out more affordable models aimed at a broader client base.

Volvo CEO sees more tough times for Europe

April 19, 2013 09:05 CET
Volvo CEO Hakan Samuelsson is bracing for more tough times in Europe, where the automaker's sales fell 15 percent in the first quarter. Samuelsson expects growing sales in China and a rebound in the United States will result in flat overall vehicle sales for the year.

LUCA CIFERRI

Looking for a Chinese car in Shanghai

12:01 am U.S. ET | April 19, 2013
If I were an executive at a Chinese domestic automaker, I would be very worried. Why? Because it is difficult to find a Chinese-brand car on the streets of Shanghai.

VW recall highlights perils of too much success in China

April 19, 2013 06:34 CET
VW, Mercedes and BMW all posted record global sales last year, fueled by demand in China. This year, that growth is at risk after the Chinese government stepped up scrutiny of the automakers and media outlets questioned their quality, leading in one case to a recall of VW cars.

YANG JIAN

Chinese automakers will showcase strategies at Shanghai show

12:01 am U.S. ET | April 19, 2013
The Shanghai auto show will provide an opportunity for Chinese carmakers to declare they've learned from past mistakes.

VW will expand China lineup 29% in sales push

April 19, 2013 11:04 CET
Volkswagen plans to expand its lineup by 29 percent in China to offer 90 cars, SUVs, vans and heavy trucks in the country. China is a key market for VW in its drive to take the industry's global top spot in five years.

PSA says vehicle sales in China rose 31% in first quarter

April 19, 2013 10:58 CET
PSA said new-car sales in China rose 31 percent to 142,000 in the first quarter, a record for the automaker. Growth was driven by a 24 percent rise in deliveries for PSA's joint venture with Chinese automaker Dongfeng, the company added.

VW hires McNabb from Maserati to extend U.S. sales surge

April 19, 2013 06:01 CET
Volkswagen of America has hired Maserati North America CEO Mark McNabb, a former Nissan and GM sales executive, as its COO.

NEW PRODUCT

Renault hints at Twingo design with the Twin'Z EV concept

April 19, 2013 06:01 CET
Renault has said its Twin'Z rear-wheel-drive electric concept car is part of a design study for the third-generation Twingo, due to go on sale next year. The automaker, which unveiled the concept last month, has not specified which design elements the Twingo will take from the concept.

2013 SHANGHAI AUTO SHOW

French automakers count on luxury appeal for success in China

April 19, 2013 06:01 CET
German automakers have long seen China as a key market. Now their French rivals, hit by slow sales in Europe, are playing catch up, and they are counting on the popularity of France's luxury fashion brands to help them.

Fiat will add second shift at Maserati factory, report says

April 19, 2013 09:03 CET
Fiat will add a second shift at the Turin factory where it builds Maserati cars, a source said. Fiat is investing 1.2 billion euros in the luxury marque as it seeks to boost global sales from 6,000 last year to 50,000.

Jaguar Land Rover hires industry veteran

April 19, 2013 06:01 CET
Jaguar Land Rover North America has hired industry veteran Duke Hale to help improve its reputation for customer service -- especially for the Land Rover brand.

Magna CEO Walker: Engineering expertise can help cut weight

April 19, 2013 06:01 CET
Magna International plans to use its expertise in body engineering to help automakers cut vehicle weight, CEO Don Walker says.

 
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