Headlines for Friday, May 24, 2013

EU trade deal would lift U.S. exports to Europe

U.S. auto exports to Europe could quadruple within 15 years if regulators get rid of tariffs and adopt standard vehicle-safety rules, automaker associations say. Read More »

Daimler strengthens Ford ties with 3-cylinder engine project

Daimler has strengthened ties with Ford after consulting with the U.S. automaker on its three-cylinder turbo gasoline engine, which it is building with Renault for the next Smart and Twingo cars. Daimler and Renault are already collaborating with Ford in the development of fuel cell vehicles. Read More »

Audi plans 90% local sourcing in Mexico, says purchasing boss Martens

Audi purchasing chief Bernd Martens says the automaker aims to buy 90 percent of its components for its new Mexico factory from local sources. So far no other Audi location has done that Read More »

Mitsubishi Motors plans to reduce capital to offset losses

Mitsubishi plans to reorganize its capital to help unload the worst accumulated losses in the automotive industry. Read More »

Nissan readies Datsun brand for India

Nissan will introduce its first Datsun model in India by March 2014 as the carmaker offers cheaper vehicles in a push for a fivefold increase in its share of Asia's third-biggest auto market. Read More »

Automotive News Europe salutes Marcus Cox

Automotive News Europe salutes the winners of the 2013 Rising Stars awards. Every day until June 12 one of the 18 winners will be featured. Today's Rising Star is Marcus Cox, Opel/Vauxhall's finance director for sales, marketing & aftersales. Read More »