Headlines for Tuesday, November 20, 2012
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Nissan's top executive in Europe sticks to tough target
Nissan aims to pass Toyota as the top-selling Asian brand in Europe by 2016. Colin Dodge, who heads Nissan's European operations, is sticking to this goal despite the region's economic slump. Read More »
Saab mulls speeding up relaunch plan
National Electric Vehicle Sweden, the new owner of Saab, may speed up the brand's relaunch by offering a gasoline-powered 9-3 in 2013 rather than re-starting the brand in 2014 with an EV, a company spokesman said on Tuesday. Read More »
Italy's Magneti Marelli plans 2nd exhaust systems plant in China
Italian supplier Magneti Marelli plans to build its second exhaust systems plant in China. The new facility, to be built in Hefei in east China's Anhui province, will be a joint venture between Magneti Marelli, Hefei-based Chinese automaker Jianghuai Automobile Co. Read More »
Fiat tumbles on concern it needs more cash to merge with Chrysler
Fiat shares have tumbled because investors fear the Italian carmaker will need to raise fresh cash to finance CEO Sergio Marchionne's plans to combine with Chrysler Group LLC. Increasing its stake in Chrysler would help Fiat access the cash flow of the U.S. Read More »
UK's GKN builds precision parts plant in China
GKN Powder Metallurgy, a unit of UK-based supplier GKN PLC, is building a plant in Yizheng in east China's Jiangsu province to produce small parts for engines, transmissions and chassis. Read More »
Automakers boost advertising in Europe as sales slump deepens
Automakers are boosting advertising in Europe as they seek to get the attention of consumers amid the worst sales slump to grip the region in nearly two decades. Read More »
