Headlines for Tuesday, January 22, 2013

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Opel aims to woo Audi buyers with Cascada convertible

Opel/Vauxhall's new Cascada convertible will be priced 10,000 euros lower than potential rivals when it goes on sale in April as the money-losing brand seeks to attract buyers looking for a cheaper alternative to premium convertibles. Read More »

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Renault denies it may close two French plants

Renault said its workers in France need to make concessions on pay and conditions to safeguard the future of domestic plants but denied a union leader's claim that it plans to shutter two French factories. Read More »

GM steps up cost-cutting pressure at Opel

General Motors said it may close a German factory at its Opel subsidiary earlier than proposed adding restructuring talks with unions must be wrapped up by February, as the U.S. carmaker seeks deep cuts to save its ailing brand. Read More »

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Renault pledges extra production for labor deal

Renault told unions today that it could produce an additional 80,000 vehicles a year at its domestic factories for partners Nissan and Daimler if a labor deal was signed. Read More »

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BMW, Mercedes hatches head to India after China flop

Hatchbacks from BMW, Mercedes-Benz and Audi grew so popular in Europe that the carmakers bet Chinese consumers would feel the same way. They didn't. Next stop: India. Read More »

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Russian car sales will rise 5% in 2013, PwC says

Russian car sales will likely rise by 5 percent in 2013 to around 2.9 million, PricewaterhouseCoopers said on Tuesday. The figure represents a slowdown from the previous year but is in stark contrast to recession-bound Europe where car sales slid to a 17-year low. Read More »

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Audi plans to double Middle East sales by 2020

Audi says it plans to double sales in the Middle East to at least 20,000 vehicles a year by 2020, as it predicts premium car deliveries in the region will grow 12 to 15 percent this year. Read More »

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Daimler expects vehicle sales to grow in Turkey this year

Daimler's Turkish unit expects stronger car and van sales this year despite forecasting that the market will remain stagnant. Read More »

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Toyota set to pick Prius developer as next chairman, report says

Toyota will probably pick Takeshi Uchiyamada, who led the development of the Prius hybrid car in 1990s, to replace Fujio Cho as the company's next chairman, Nikkei reported, without citing sources. Read More »

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BMW offers engine to extend range of i3 EV

BMW will offer a two-cylinder motorcycle engine and a generator to extend the range of its i3 electric car. Herbert Diess, BMW's head of r&d, said the package will be offered as an option on the i3. Read More »

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