Ford will post fourth-quarter results on Tuesday with the figures likely to show the lowest operating profit of the year. But those figures mask optimism coming from an unlikely place: Europe. The automaker is further along the road to recovery in the region than many of its rivals, including GM.
PSA says it halted production in Slovakia for the day on Monday and will add another four stoppage days next month in response to weak demand across Europe. The automaker makes the Peugeot 207 and Citroen C3 Picasso models at the plant in the western Slovak town of Trnava.
Daimler, Ford and Nissan joined forces today to develop a line of affordable fuel cell cars for sale starting in 2017 in what could be the first major advance for the promising zero-emission technology.
Toyota outsold rivals GM and VW Group last year, regaining the global sales lead after losing it in 2011. Sales at Toyota, including deliveries from subsidiaries Hino Motors and Daihatsu, rose 23 percent to a record 9.75 million units, while GM sold 9.29 million. VW Group delivered 9.