Headlines for Tuesday, December 11, 2012
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VW brand sales rise 11.5% in November
VW said global sales of its core brand rose 11.5 percent in November to 504,800 vehicles as the automaker increased deliveries in most major markets except western Europe. Read More »
Jaguar Land Rover considers $1.2 billion factory in Saudi Arabia
Jaguar Land Rover signed a letter of intent with Saudi Arabia's government to study the feasibility of setting up a factory to build its models locally. Read More »
Volvo agrees to technology transfer to Chinese parent Geely
Geely has signed a deal with Volvo to tap into technologies that the Swedish carmaker is planning to phase out over the next couple of years. Read More »
Opel plant closure deals setback to labor talks
Opel's decision to close its car plant in Bochum, Germany, has dealt a setback to restructuring talks with its German labor force, trade union IG Metall said. Read More »
Autoliv to build airbag component plant in U.S.
Swedish supplier Autoliv will spend $13 million to build a plant in Promontory, Utah, to produce gas propellant for airbags. The company also is spending $5 million to build production lines in its plant in Tremonton, Utah, which produces airbag initiators. Read More »
