Headlines for Wednesday, November 14, 2012
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Tata denies report on alliance talks with PSA
Tata denied a report on Wednesday that it is in talks to set up an alliance with PSA. "That is absolutely incorrect," Tata spokesman Debasis Ray told Reuters. Read More »
Are Korean automakers winning the right way in Europe?
While struggling European carmakers reduce production and consider plant closures, Hyundai and affiliate Kia are reporting record sales. The Korean brands attribute buoyant sales to their lean organizations and modestly priced, desirable new cars. Others disagree. Read More »
Delphi completes acquisition of French connectors unit
Delphi Automotive has completed the $982 million acquisition of FCI Group's Motorized Vehicles Division, which supplies connectors. Read More »
Lamborghini CEO says ultraluxury car demand won't grow in 2013
Lamborghini CEO Stephan Winkelmann said global demand for ultraluxury sports cars will probably not increase next year as the European debt crisis drags on and China's economy slows. Read More »
Stadler says Audi to hit 2012 global sales goal despite Europe's slump
Audi, the world's second-largest maker of luxury cars, said it's on track to reach a goal of selling a record 1.4 million vehicles in 2012 and expects the momentum to continue into next year. Read More »
Visteon opens design center in India
Visteon has opened a design center in Pune, India. The facility, part of a Visteon engineering center, will house experts in human-machine interface, plus engineers, program managers and market researchers. Read More »
