Headlines for Tuesday, January 29, 2013
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Audi shuffles top sales execs in Europe, China, Germany
Audi sales chief Luca de Meo has reshuffled top executives in the three regions where the brand has its biggest unit sales. Read More »
Ford posts $732 million quarterly loss in Europe, predicts worse 2013
Ford posted a fourth-quarter pretax loss of $732 million in Europe and expects 2013 to be even more difficult. Despite the troubles in Europe, the U.S. automaker had a fourth-quarter net income of $1.6 billion. Read More »
Marchionne said to plan first Alfa Romeo SUV as Fiat losses mount
Fiat is said to plan the introduction of the first Alfa Romeo SUV in an effort to help transform the brand into a global luxury marque to challenge Audi and meet a target of tripling sales by 2016 to 300,000. Read More »
EU needs leap in electric, hybrid cars to reach carbon goals, study says
The EU needs a leap in the number of electric and hybrid cars on the road over the next decade to succeed in cutting auto carbon emissions significantly by 2025, a British consulting firm found. Read More »
PSA-Dongfeng China JV aims for 14% sales growth in 2013
Dongfeng Peugeot Citroen, a 50-50 joint venture between PSA and Dongfeng in China, expects to increase sales 14 percent this year to 500,000 units as the company's third assembly plant launches production. Read More »
PSA court ruling may delay job cuts
PSA will continue negotiating job cuts with unions despite a court ruling that ordered a temporary suspension of restructuring until the group completes worker consultations at two sites belonging to parts division Faurecia. Read More »
PSA-Toyota Czech car production falls 20% in 2012
TPCA, the Czech car assembly plant jointly owned by Toyota and PSA said production fell by a fifth to 215,000 vehicles in 2012 due to weak European demand. The plant, which employs 3,000 workers, makes the Toyota Aygo, Peugeot 107 and Citroen C1 minicars. Read More »
