Headlines for Friday, February 1, 2013
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Ford sued in the UK by over 1,400 ex-employees on Visteon pension switch
Ford was sued by more than 1,400 former UK workers for making misleading statements about the security of transferring their pensions to Visteon during the 2000 spinoff of the auto-parts company. Read More »
Mazda Europe names new chief information officer
Mazda Europe has promoted company veteran Alex Janssens to be the unit's first chief information officer. Read More »
Geely rescues London black cab maker
Geely agreed to purchase Manganese Bronze Holdings, rescuing the maker of London's iconic black taxis. Read More »
Declining January car sales sink European upturn hopes
New-car sales extended their declines in France, Italy and Spain last month, leaving little hope of a European auto market rebound anytime soon. Read More »
Spain new car sales fell 9.6% in January
Spanish new-car sales dropped 9.6 percent to 49,671 in January, car manufacturers' association Anfac said. Read More »
Europe: Bad and getting worse
Fiat and Ford lost a combined 2 billion euros in Europe last year and both automakers expect this year to be even tougher. Ford predicts its 2013 European loss will rise to $2 billion while Fiat CEO Sergio Marchionne says that Europe "perhaps has not yet hit bottom." Read More »
ANE monthly e-magazine goes live Monday
The new issue of the Automotive News Europe monthly e-magazine goes live on Monday, Feb. 4. Our cover story looks at the challenges facing European automakers as they battle to keep their light commercial vehicle businesses profitable. 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 work force, with three of the five main unions urging immediate action to stem losses. Read More »
Daimler will buy 12% stake in Beijing Auto's car unit
Daimler will pay 640 million euros for a 12 percent stake in the car unit of Chinese partner Beijing Automotive and get two seats on the board, the German company said on Friday. Read More »
