Headlines for Thursday, January 31, 2013
Use the form on the right to select a specific day >>
VW mulls new growth goal as it nears 2018 target
Volkswagen's top managers are drawing up new expansion goals stretching as far as nine years ahead as steady volume gains have already propelled the automaker within reach of its current sales target for 2018. Read More »
Opel names Neumann as new CEO
Opel named Karl-Thomas Neumann as its new CEO. Neumann, 51, a former head of Volkswagen China and the supplier Continental, will take up the post on March 1. Read More »
Porsche, hedge funds agree VW case can be heard in Germany
Porsche SE and several hedge funds seeking damages from the company agreed that New York was the wrong place to pursue compensation, and left the door open to bringing a case in German courts. Read More »
Daimler near deal to take stake in China partner, report says
Daimler will sign a deal in Germany on Friday to take a 10 percent to 20 percent stake in Beijing Automotive Group's car unit, China's National Business Daily newspaper said on Thursday. Read More »
PSA unions bicker over job cuts at crisis-hit automaker
PSA/Peugeot-Citroen labor leaders squared off against one another over a plan to eliminate 17 percent of the automaker's French workforce, with three of the five main unions urging immediate action to stem losses. Read More »
BMW will sell Husqvarna motorcycle brand to KTM owner
BMW agreed to sell its struggling Husqvarna off-road motorcycle unit to focus its two-wheeler efforts on its namesake brand. Read More »
VW German workers want a pay hike of up to 6.5%
Workers at Volkswagen's German factories may seek as much as 6.5 percent more pay this year, demanding a share of the company's record sales, VW's top labor representative said. Read More »
Honda trims full-year profit forecast
Honda cut its full-year profit forecast as lower sales in China and Europe overshadowed the benefits from the weaker yen. Net income will likely be 370 billion yen ($4.1 billion) in the 12 months ending March 31, compared with its previous estimate for 375 billion yen. Read More »
Autoliv says weak European car market will dent first-quarter sales
Autoliv said its sales in the first quarter of 2013 were likely to fall 4 percent due to weak European car markets. Read More »
New Opel CEO Neumann may have a mission impossible
Opel's new CEO, Karl-Thomas Neumann, is an auto industry veteran but he hasn't remained in a top job long enough to judge whether he can turnaround around GM's European operations. Read More »
Goodyear will close French plant on Europe troubles
Goodyear will close its main French plant and cut its work force in the country by 39 percent amid labor disputes and plunging auto demand in Europe. Read More »
Fiat renames Maserati plant after company patriarch
Fiat has renamed its Maserati plant after company patriarch Giovanni “Gianni” Agnelli. The Italian industrialist and controlling Fiat shareholder served as the company's chairman from 1966 to 1996. He passed away a decade ago this month at age 81. Read More »
Tata denies it plans European production in Romania
Tata Motors has denied that it plans to open a vehicle assembly plant in Romania. Read More »
