Headlines for Tuesday, April 23, 2013

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Delphi, Continental bid for Johnson Controls' auto electronics unit, report says

April 23, 2013 19:00 CET
Delphi Automotive and Continental both bid for Johnson Controls' automotive electronics unit, Bloomberg sources said. The supplier is considering the sale to free up cash and focus on more profitable divisions, such as car seats.

VW exec Muir will move to top sales post from Seat, report says

April 23, 2013 06:01 CET
VW executive James Muir, who is being replaced as head of the struggling Seat brand, will get a top sales job with VW Group, a report said.

DOUGLAS A. BOLDUC

Green group spills oil; makes confusing point on CO2

12:01 am U.S. ET | April 23, 2013
Green lobby group T&E has released a YouTube video that it hopes will put pressure on lawmakers to prevent them from weakening Europe's passenger-car CO2 target of 95 grams per kilometer for 2020. The trouble is that the video's message is difficult to understand.

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Renault Captur joins crowded segment

April 23, 2013 12:56 CET
Renault hopes a spacious interior and a competitive price will help the Captur win buyers in Europe's fast-growing small SUV segment.

Daimler said to plan transmission plant in Romania

April 23, 2013 09:21 CET
Daimler plans a large investment to build transmission components in Romania at the site of an existing joint venture, a German newspaper reported.

Fiat close to securing financing for Chrysler buyout, report says

April 23, 2013 21:02 CET
Fiat could secure financing by May for a possible buyout of the rest of Chrysler, sources said. CEO Sergio Marchionne wants to merge the carmakers to create the world's seventh-largest auto group, tapping Chrysler's cash flow to offset Fiat's losses in Europe.

U.S. union leader prods Opel workers to keep German plant open

April 23, 2013 23:19 CET
Workers at Opel's factory in Bochum, Germany, should accept a deal they previously rejected to keep their jobs, Bob King, the head of the U.S.-based United Auto Workers union, said.

Spain's Gestamp opens China parts factory

April 23, 2013 13:32 CET
Spanish supplier Gestamp has opened its sixth China plant. The new factory is in the northeast city of Shenyang and will to supply carmakers in the region including BMW, VW, Daimler, Hyundai and GM.

Mercedes, BMW, Audi chase young, female, frugal customers in India

April 23, 2013 12:11 CET
In an effort to raise stuttering sales in India that far lag emerging Asian rival China, Mercedes, Audi and BMW are targeting young and female buyers outside the ultra-rich classes with small locally made cars.

Faurecia Q1 revenue rises as N. America, Asia sales offset weak Europe

April 23, 2013 08:34 CET
French supplier Faurecia said today that first-quarter revenue rose 1.7 percent as growing sales in North America and Asia helped offset the slowdown in European markets.

 
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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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Italy sales rose by 25% in April boosted by big discounts
Italy's new-car registrations rose 24.7 percent in April to 148,807, boosted by heavy discounting by ...
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Europe recovery continues in March
European car sales increased 11 percent in March, the strongest growth in a year, as the region's im ...
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Western European sales recovery accelerated in March
Western European new-car sales rose nearly 11 percent in March, helped by an increasing willingness ...
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Russian new-car sales fall 43% as economy slides
Russian new-car sales fell 43 percent last month as a weak currency, falling oil prices and Western ...
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UK sales rise 6% in best March this century
British new-car registrations rose by 6 percent in March to 492,774 vehicles, a record for the month ...
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Germany's 9% sales rise a positive sign of Europe's continued rebound
New-car sales in Germany increased 9 percent last month, the VDA industry association said. ...
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France, Italy, Spain sales growth in March encourages European recovery hopes
New-car registrations rose in France, Italy and Spain last month, adding to signs that the European ...
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Porsche extends contract of production boss
Porsche has extended the contract of its production and logistics boss, Oliver Blume, by five years. ...
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GM promotes former Opel engineer to Asian tech center chief
General Motors named former Opel engineer Tobias Suenner as president of its technical center in Shanghai. ...
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Citroen names former BMW exec as China director
Former BMW executive Sabine Scheunert is the new head of Citroen in China. ...
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Borgward revival led by former Daimler China boss
Borgward named former Daimler China boss Ulrich Walker as its CEO as the company prepares to resurre ...
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Mopar head Gorlier gets additional component role
Pietro Gorlier, the head of Fiat Chrysler Automobiles' global parts and service organization, has be ...
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Hyundai names new Europe chief
Hyundai said company veteran Hyung Cheong Kim is the new president and CEO of its European operation ...
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Hella says its finance chief will leave
Hella, a German manufacturer of auto headlights and electronics, said its finance chief Wolfgang Oll ...
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Sogefi names former Faurecia exec as new CEO
Italian supplier Sogefi has named Laurent Hebenstreit as its new CEO. ...
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Fiat Chrysler promotes Gilles to global design boss
Fiat Chrysler promoted Ralph Gilles, its chief designer in the U.S., to global head of design. Gille ...
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Hyundai names sales veteran Schmid as No. 2 in Europe
Hyundai has promoted Thomas Schmid to chief operating officer in Europe. ...
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Kia bets on diesel demand for Sorento
Kia is selling its new Sorento in Europe with a diesel engine only due to low demand in the region f ...
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Espace starts Renault's upper-range revival
The new Renault Espace starts the renewal of the automaker's upper range where the brand trails riva ...
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Suzuki sees Vitara as its best-seller in Europe
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BMW targets U.S. market with 2-series softtop
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Volvo's future rides on revived XC90
Volvo says its all-new XC90 flagship represents the future of the automaker, which aims to nearly do ...
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Mercedes-Maybach offers quiet luxury
Mercedes has upgraded its flagship sedan by giving it a more spacious rear cabin and features such a ...
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Land Rover Discovery Sport on conquest path
Land Rover expects the Discovery Sport to join the Range Rover Evoque coupe-styled compact SUV in at ...
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Ford expects big boost from high-tech Mondeo
Ford expects a significant sales boost in the tough midsize segment from its latest-generation Monde ...
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Sportier Skoda Fabia keeps its functionality
The new Skoda Fabia highlights how the fast-growing Czech value brand is adding a touch of style to ...
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Mazda2 gets bigger, lighter and bolder
Mazda expects its latest Mazda2 hatchback to make a bigger impact in Europe's highly competitive sub ...
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Preh teams up with Audi on new TT's high-tech air vents
German supplier Preh teamed up with Audi to equip the TT with heating and air conditioning controls ...
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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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