Headlines for Thursday, December 13, 2012
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Audi will decide on Brazil assembly line in 2013
Audi will decide next year whether to start producing vehicles in Brazil again, following rival BMW's plans for a new plant and word that Japanese brands Acura and Infiniti are on the way. Read More »
Akerson bullish on PSA alliance, Opel's new models
General Motors CEO Dan Akerson is steadily putting his stamp on the automaker. He is forging a cost-saving alliance with PSA/Peugeot-Citroen and is bullish about Opel's entry into new segments with the debuts of the Adam minicar and Mokka subcompact SUV. Read More »
Ex-VW boss Pischetsrieder to chair Munich Re insurance group
Former VW chief Bernd Pischetsrieder will be the new supervisory board chairman of Munich Re. Read More »
If it's not core, it's out the door
The simple rhyme above seems to be the mantra at European automakers lately. Renault, PSA and Daimler have shed substantial stakes in non-core assets. Read More »
Jaguar drops plan to build C-X75 supercar
Jaguar said it will not build the hybrid C-X75 supercar, citing global economic pressures. The British luxury brand announced in May last year it would build 250 units of the two-seat car that would sell at prices up to 900,000 pounds ($1.5 million). Read More »
PSA declines to comment on report of Algeria investment
PSA has declined to comment on a French news report that says the Algerian government plans to discuss an investment in the automaker with French officials during a visit by President Francois Hollande to the country next week. Read More »
Marchionne to outline plans to build Jeeps, Fiat SUVs in Italy, report says
Fiat CEO Sergio Marchionne will soon give details of his plans for the production of Jeeps and Fiat SUVs at the automaker's factory in Melfi, Italy, sources said. Read More »
JLR sales rise 14% in Nov. as China offsets weak N. America
Jaguar Land Rover global sales rose a record 14 percent in November as China demand surged, helping to offset a decline in North American deliveries. Read More »
Porsche shores up profitability dominance with labor accord
Porsche will shore up its industry-leading profit margins by cutting the number of labor hours required to produce a vehicle. Read More »
VW negotiates with Chrysler on minivan future as output pauses
Volkswagen is negotiating with Chrysler about future production of its Routan minivan in Windsor, Canada, as output of the model stops for at least five months. Read More »
Renault will sell Volvo Trucks stake to boost investment in carmaking
Renault will sell its remaining 6.5 percent stake in truckmaker Volvo as it seeks to cut debt and boost investment in carmaking. The sale will raise $1.92 billion and ends Renault's 11-year run as the Swedish truckmaker's largest shareholder. Read More »
Lamborghini will mark 50th anniversary with new model
Lamborghini is laying big plans for its 50th birthday celebration next year, including a new car. Lamborghini CEO Stephan Winkelmann said the automaker will unveil "a special car that will celebrate" the anniversary -- a one-off design. Read More »
