Headlines for Tuesday, October 9, 2012

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Strong September helps BMW maintain sales lead over Audi, Mercedes

BMW increased vehicle sales at its flagship BMW brand by 14.3 percent to 146,843 in September thanks to strong demand in China, the United States and Europe. The growth helped BMW to maintain its sales lead over premium competitors Audi and Mercedes-Benz. Read More »

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VW brand sales rise 4.3% in September

Volkswagen said global vehicle deliveries of its core VW-brand were up by 4.3 percent to 492,500 last month, as the automaker increased sales in most major markets except western Europe. Read More »

TRW, Continental expand use of electro-hydraulic brakes

Electro-hydraulic braking, a technology developed to meet the needs of hybrid-powered vehicles, is poised for wider use in conventional cars and trucks. Read More »

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Marchionne to update Fiat-Chrysler plan due to Europe woes

Sergio Marchionne, who heads Fiat and Chrysler Group, will revise two-year growth plans for both automakers later this month to reflect the slump in European auto sales. Read More »

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Varin says PSA job cuts are an 'internal matter'

PSA's restructuring is an "internal matter," the French automaker's CEO told reporters during a factory visit by industry minister Arnaud Montebourg. Philippe Varin's comment was a rebuff for Montebourg who had said he would wring concessions from the carmaker in talks on its restructuring plans. Read More »

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