Headlines for Wednesday, January 9, 2013

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Hyundai picks former Russia boss to head Europe unit

Jan. 9, 2013 17:38 CET
Hyundai has appointed former Russia boss Byung Kwon Rhim to head its growing operations in Europe. Rhim, 52, also has held several marketing positions within Europe and previously headed the Europe division at Hyundai's headquarters in Korea.

DETROIT AUTO SHOW PREVIEW

Smaller, smarter cars to star in Detroit

Jan. 9, 2013 06:01 CET
Next week's Detroit auto show will demonstrate that automakers are finding ways to provide sharp looks and speed, even as cars are shrinking to save fuel. Audi may show the RS7, a high-performance version of the A7, while Chevrolet will unveil a redesigned Corvette.

Renault to increase production in Turkey on recovering local demand

Jan. 9, 2013 10:19 CET
Renault plans to increase local production in Turkey to take advantage of a market expected to grow slightly in 2013. The automaker aims to use as much as 92 percent of the 360,000 vehicles-a-year capacity at its Bursa plant this year, compared with almost 86 percent in 2012.

PSA 2012 deliveries drop on Europe, Iran

Jan. 9, 2013 08:34 CET
PSA vehicle deliveries dropped 16.5 percent to 2.97 million last year as the struggling automaker lost ground in the European market and withdrew from Iran.

Russia car output to soar, but not without risks

Jan. 9, 2013 08:00 CET
Russia's auto industry is in danger of sliding into the same overcapacity problem as the rest of Europe, analysts say. The warning comes after contract manufacturer Avtotor Holding became the latest to announce a major investment in Russian auto production.

NICK GIBBS

Overcapacity in Russia?

12:01 am U.S. ET | Jan. 9, 2013
Automakers for months have been announcing plans to add local manufacturing in Russia. The list of companies planning to increase output includes VW, Nissan and Ford. But when Russian sales unexpectedly fell flat in November it caused concern.

France seeks EU approval for PSA aid, report says

Jan. 9, 2013 10:09 CET
The French government has officially sought approval from the European Union for its 7 billion euro ($9.2 billion) state loan guarantee for PSA's financing arm, a French newspaper reported today.

Japanese automakers take aim at Europe's growing wagon segment

Jan. 9, 2013 06:01 CET
The European market for compact station wagons is becoming more competitive after Honda said it will join Toyota in adding a wagon variant to its Civic lineup.

 
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Honda works smart to fill UK plant

Nick Gibbs
4:52 am U.S. ET | May 20 2015

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Honda has reduced the problem of drastic undercapacity at its factory in Swindon, England, after the automaker's production took a hit from Europe's economic slump, by... ...
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Piech casts shadow over Porsche's annual meeting

Christiaan Hetzner
9:43 am U.S. ET | May 13 2015

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Ferdinand Piech upstaged his cousin Wolfgang Porsche and former protege Martin Winterkorn by missing the annual meeting of the family holding company that holds a majority... ...
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BMW's days of easy money in China are over


6:30 am U.S. ET | May 8 2015

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BMW executives are bracing the market for a profit-eroding performance in China as the automaker is weighed down by rising investment costs and an aging product lineup. ...
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Why VW tops rivals Toyota and GM in workforce size

Christiaan Hetzner
12:01 am U.S. ET | May 7 2015

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VW Group has more global employees than Toyota and GM combined. ...
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Marchionne is so right and so wrong about consolidation

Richard Truett
12:01 am U.S. ET | May 6 2015

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Fiat Chrysler chief Sergio Marchionne is absolutely right in his call for industry consolidation. Bu ...
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Piech's absence dominates VW annual meeting

Christiaan Hetzner
6:43 am U.S. ET | May 5 2015

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Ferdinand Piech may cause VW's leadership more headaches than ever before. ...
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Good news for Europe's late arrivers in China

Christiaan Hetzner
12:01 am U.S. ET | May 4 2015

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Late-arriving European brands in China such as Renault, Fiat and Jaguar have reason to be optimistic because most Chinese customers are ready to leave their current brands. ...
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Mercedes G class latest victim in China's clone wars

Jay Ramey
12:01 am U.S. ET | May 1 2015

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China's Beijing Automotive has introduced an SUV that is a near clone of a western SUV, the classic ...
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Why Marchionne needs a powerful 'mother-in-law'

Luca Ciferri
5:59 am U.S. ET | April 30 2015

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Fiat Chrysler CEO Sergio Marchionne will need a powerful, influential mother-in-law to help initiate the megamergers that he covets. ...
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German automakers' bonus from weak euro may be hit by U.S. Fed shift


8:54 am U.S. ET | April 30 2015

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German carmakers and suppliers expect currency effects to add hundreds of millions to their bottom lines. But moves by the Federal Reserve to prop up the U.S. ...
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Europe's automakers boosted shareholder value 41% in first quarter
The average shareholder value of Europe's listed automakers improved by 41 percent, outpacing European and U.S. ...
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W. Europe car sales rise nearly 7% on new models, discounts
New-car sales in Western Europe increased by 6.7 percent in April -- helped by a continuing economic ...
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German car sales rise 6% in sign of Europe rebound
German car sales rose 6.3 percent in April as Europe's No. 1 market joined France, Italy and Spain i ...
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Italy sales rose by 25% in April boosted by big discounts
Italy's new-car registrations rose 24.7 percent in April to 148,807, boosted by heavy discounting by ...
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Europe recovery continues in March
European car sales increased 11 percent in March, the strongest growth in a year, as the region's im ...
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Western European sales recovery accelerated in March
Western European new-car sales rose nearly 11 percent in March, helped by an increasing willingness ...
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Russian new-car sales fall 43% as economy slides
Russian new-car sales fell 43 percent last month as a weak currency, falling oil prices and Western ...
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UK sales rise 6% in best March this century
British new-car registrations rose by 6 percent in March to 492,774 vehicles, a record for the month ...
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Germany's 9% sales rise a positive sign of Europe's continued rebound
New-car sales in Germany increased 9 percent last month, the VDA industry association said. ...
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France, Italy, Spain sales growth in March encourages European recovery hopes
New-car registrations rose in France, Italy and Spain last month, adding to signs that the European ...
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Jaguar Land Rover appoints former Porsche exec as China sales head
Jaguar Land Rover has appointed former Porsche executive Mark Bishop as its new China sales boss, am ...
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Porsche extends contract of production boss
Porsche has extended the contract of its production and logistics boss, Oliver Blume, by five years. ...
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GM promotes former Opel engineer to Asian tech center chief
General Motors named former Opel engineer Tobias Suenner as president of its technical center in Shanghai. ...
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Citroen names former BMW exec as China director
Former BMW executive Sabine Scheunert is the new head of Citroen in China. ...
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Borgward revival led by former Daimler China boss
Borgward named former Daimler China boss Ulrich Walker as its CEO as the company prepares to resurre ...
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Mopar head Gorlier gets additional component role
Pietro Gorlier, the head of Fiat Chrysler Automobiles' global parts and service organization, has be ...
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Hyundai names new Europe chief
Hyundai said company veteran Hyung Cheong Kim is the new president and CEO of its European operation ...
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Hella says its finance chief will leave
Hella, a German manufacturer of auto headlights and electronics, said its finance chief Wolfgang Oll ...
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Sogefi names former Faurecia exec as new CEO
Italian supplier Sogefi has named Laurent Hebenstreit as its new CEO. ...
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Fiat Chrysler promotes Gilles to global design boss
Fiat Chrysler promoted Ralph Gilles, its chief designer in the U.S., to global head of design. Gille ...
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Kia bets on diesel demand for Sorento
Kia is selling its new Sorento in Europe with a diesel engine only due to low demand in the region f ...
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Espace starts Renault's upper-range revival
The new Renault Espace starts the renewal of the automaker's upper range where the brand trails riva ...
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Suzuki sees Vitara as its best-seller in Europe
Suzuki expects the new Vitara to become its best-seller in Europe because of its more mainstream loo ...
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BMW targets U.S. market with 2-series softtop
BMW has increased the size of the 2-series convertible compared with its predecessor model, the 1-se ...
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Volvo's future rides on revived XC90
Volvo says its all-new XC90 flagship represents the future of the automaker, which aims to nearly do ...
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Mercedes-Maybach offers quiet luxury
Mercedes has upgraded its flagship sedan by giving it a more spacious rear cabin and features such a ...
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Land Rover Discovery Sport on conquest path
Land Rover expects the Discovery Sport to join the Range Rover Evoque coupe-styled compact SUV in at ...
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Ford expects big boost from high-tech Mondeo
Ford expects a significant sales boost in the tough midsize segment from its latest-generation Monde ...
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Sportier Skoda Fabia keeps its functionality
The new Skoda Fabia highlights how the fast-growing Czech value brand is adding a touch of style to ...
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Mazda2 gets bigger, lighter and bolder
Mazda expects its latest Mazda2 hatchback to make a bigger impact in Europe's highly competitive sub ...
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Preh teams up with Audi on new TT's high-tech air vents
German supplier Preh teamed up with Audi to equip the TT with heating and air conditioning controls ...
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Novelis helps make the Jaguar XE lean and green
Novelis plays a key role in the new Jaguar XE's aluminum-intensive monocoque structure. ...
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Faurecia helps cut CO2 in new Renault Twingo
Faurecia's emissions control systems helps the third-generation Renault Twingo reduce fuel consumpti ...
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