Headlines for Tuesday, February 5, 2013
Use the form on the right to select a specific day >>
Volvo adds ex-GM Europe boss Forster to board
Carl-Peter Forster, the former head of GM Europe and Tata Motors, has joined the board of directors at Volvo Cars. Forster will serve as a non-executive board member at Volvo. Read More »
Toyota posts 23% rise in quarterly profit; lifts forecast
Helped by strong sales in the United States, its biggest market, and a weaker yen, Toyota reported a 23.5 percent year-on-year rise in quarterly net profit and raised its annual profit forecast by more than 10 percent. Read More »
Euro zone car markets likely to stabilize by mid-year, VDA says
The German automakers association, the VDA, expects euro zone car markets to stabilize in the middle of the year. Read More »
PSA and Renault push on with restructuring moves
PSA won staff agreement for an early wind-down of its doomed Aulnay plant, as rival French carmaker Renault pressed unions to sign a new national labor deal. Read More »
ZF to reduce size of board
German supplier ZF Friedrichshafen plans to streamline its leadership this year by reducing its management board to six members from eight and giving the remaining executives wider responsibilities. Read More »
PSA, Fiat, Opel, others at risk from LCV shake-up
Europe's light commercial vehicle sector is headed toward a major shake-up that is likely to put added financial pressure on struggling brands such as Peugeot, Citroen, Renault, Opel and Fiat. Read More »
Zetsche's next term turns on Mercedes passing BMW
Daimler's board is set to extend CEO Dieter Zetsche's contract by five years, handing him the chance to deliver on his goals or risk the Mercedes brand falling further behind its competitors. Read More »
Chevrolet looks to GAZ to help it keep Russia lead
GM is hoping its production alliance with Russia's GAZ Group will help Chevrolet remain the country's top-selling foreign brand. GAZ started making the Aveo sedan today and will begin assembling the hatchback variant in late March with a goal of producing 30,000 units of the subcompacts this year. Read More »
Bentley SUV approved by VW board, report says
Bentley's new SUV has been approved for production by parent Volkswagen, a German newspaper said. Read More »
