Headlines for Wednesday, January 23, 2013
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Ford restarts Genk production after parts blockade ends
Ford restarted production at its factory in Genk, Belgium, after a blockade by workers over plans to shut the site ended. Read More »
PSA and Bosch unveil a battery-free hybrid
PSA/Peugeot-Citroen plans to launch hybrid cars partially powered by compressed air by 2016. The carmaker says the so-called "Hybrid Air" system developed with supplier Robert Bosch will be lighter than a hybrid running on gasoline and battery power. Read More »
Opel union spurns GM's demand for wage freeze
German trade union IG Metall said it will not accept demands by General Motors to freeze wages for workers at its money-losing Opel division in Germany. Read More »
Porsche expects Macan to copy Cayenne's success in China
Porsche is counting on emulating the success of its Cayenne SUV in China when it launches the smaller Macan in the market next year as part of expansion plans aimed at making China the carmaker's No. 1 market. Read More »
Bosch auto unit misses sales target by 600 million euros
Robert Bosch's auto division boosted global sales by 1.7 percent to a record 30.9 billion euros last year, but missed its 2012 sales target by 600 million euros. The auto unit -- and Bosch as a whole -- will hold back on investments this year because of Europe's weak market, company executives said. Read More »
Opel board to appoint Neumann as CEO at Jan. 31 meeting
Opel's supervisory board will likely confirm the appointment of former VW China boss, Karl-Thomas Neumann, as its new CEO at a meeting on Jan. 31. Read More »
Toyota nears final deal to license fuel-cell technology to BMW, report says
Toyota is nearing a final agreement to license its fuel-cell vehicle technology to BMW, the Nikkei reported. Read More »
