Headlines for Thursday, February 7, 2013
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PSA takes $5.53 billion in writedowns as auto sales plummet
PSA/Peugeot-Citroen took second-half writedowns of 4.13 billion euros ($5.53 billion), reflecting the falling value of assets as the region's auto sales sink a sixth straight year. Read More »
Continental watches eyeballs to limit distraction
Continental AG is developing a system -- dubbed the Driver Focus Vehicle -- that monitors the driver's eye movements, then warns if the driver is looking away from the road under hazardous conditions. Read More »
Renault is confident a labor deal will be reached soon
Renault is confident it will reach a deal with unions next week to restructure the automaker's operations in France. Read More »
Renault's European fix in danger as Russian growth slows
Russia's car market is forecast to slow and possibly decline this year, ending a three-year streak of gains of more than 10 percent and damping market leader Renault's efforts to offset slumping demand in Europe. Read More »
Daimler sees flat 2013 profit after 10% fall last year
Daimler forecast unchanged 2013 profit as spending for new models and a revamp of the automaker's operations eat into earnings. The company said earnings fell 10 percent in 2012. Read More »
Daimler CEO Zetsche vows comeback with 13 new models
Daimler CEO Dieter Zetsche will roll out 13 new models with no predecessor in the next eight years to hep Mercedes retake the top spot in luxury-car sales by 2020. Read More »
PSA workers face threats from striking colleagues at doomed French plant
For workers on the assembly line at PSA's Aulnay plant near Paris, starting their shift has become a daily test of nerves.They face jeers and threats, as well as eggs and other objects hurled by striking colleagues protesting against the shutdown and PSA's restructuring plans Read More »
Honda joins Toyota in targeting Europe's compact wagon market
Honda will unveil a concept for a station wagon version of its Civic hatchback at next month's Geneva auto show. A production version will go on sale early next year, marking Honda's return to the European compact station wagon market. Read More »
BMW touts 3-series GT as sporty but practical car
BMW will debut the 3-series GT at next month's Geneva auto show. The company is promoting the car as a practical but sleek-looking variant of its 3-series lineup. Read More »
Zetsche: If Winterkorn can do it, so can I
Dieter Zetsche plans to keep his double role as Daimler chairman and Mercedes CEO despite the different challenges facing the businesses. Read More »
VW workers receive 2% of voting rights from Piech's family holding
Volkswagen workers have had their influence boosted at Europe's largest carmaker after receiving 2 percent of VW's voting rights from the Piech-Porsche family. Read More »
VW falls, Hyundai rises in innovation ranking
The VW brand fell badly in a new ranking of innovative companies, dropping to 45th overall from 15th in 2010, the last time senior executives were polled. Hyundai and Toyota came out on top among automakers. Read More »
