The news that private equity firm InvestIndustrial will buy a 37.5 percent stake in Aston Martin won't be well received by fans of the brand. They would certainly have preferred to see contender Mahindra and Mahindra or another carmaker sign the deal.
BMW has appointed veteran executive Karsten Engel to lead sales in China, the company's single biggest market. He will succeed Christoph Stark, who will retire as China head in February after overseeing BMW sales jump about 15-fold over eight years in the country.
China's SAIC plans to set up an assembly plant in Thailand with the local Charoen Pokphand Group to build MG cars for sale in Southeast Asia. The two companies will initially invest 1.8 billion yuan ($289 million) in the joint venture ahead of planned car sales in 2014.
PSA's China joint venture with Changan Automobile plans to produce three Citroen DS models -- the DS5, a three-box sedan and an SUV -- in the country by 2014, according to a Chinese newspaper report. PSA currently imports the DS3, DS4 and DS5 into China.