Headlines for Monday, February 11, 2013

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Fiat's Turkish partner, Tofas, unveils plans for N.A. van exports, new cars

Feb. 11, 2013 15:49 CET
Fiat's Turkish partner, Tofas, disclosed plans to export the Doblo small commercial van to North America and also said it is working on two new passenger cars for local and export markets.

Renault and PSA 2012 financial results will put turnaround strategies in spotlight

Feb. 11, 2013 17:00 CET
The gravity of the French auto industry's crisis will be underlined this week by weak results at PSA/Peugeot-Citroen and Renault, boosting pressure on both for tougher cost-cutting moves.

EU sees no grounds to extend car coolant deadline despite safety concerns

Feb. 11, 2013 17:49 CET
The European Commission sees "no grounds" to give German automakers more time to comply with EU law requiring a less polluting coolant to be used in vehicle air-conditioning, a letter seen by Reuters said, despite safety concerns.

Has VW discovered the Holy Grail of carmakers?

Feb. 11, 2013 08:17 CET
Ulrich Hackenberg isn't yet a household name but if Volkswagen's $70 billion bet on his big idea pays off, he may join the likes of Henry Ford, Alfred Sloan and Taiichi Ohno in the canon of auto industry pioneers.

PSA bank unit gets temporary EU OK for bond guarantee

Feb. 11, 2013 12:34 CET
PSA's finance arm was granted temporary EU approval to receive a French government guarantee backing the issuance of 1.2 billion euros of new bonds. France must submit a restructuring plan covering the entire PSA group within six months to win final approval.

Russian car sales grew 5% in January; flat 2013 forecast

Feb. 11, 2013 06:01 CET
Russian new-car sales grew 5 percent year-on-year in January, the Association of European Businesses said.

Honda's Europe problems extend beyond market slump, analysts say

Feb. 11, 2013 06:01 CET
Honda is cutting jobs in the booming UK auto market because it says there are no signs that Europe's car sales slump will end soon. Analysts believe Honda's problems go beyond the slump, especially since rival Nissan continues to add workers and production at its UK factory.

Fiat will build the 500 for global markets in Poland only, sources say

Feb. 11, 2013 06:01 CET
Fiat will concentrate global production of the next 500 minicar in Poland, ending output of the model for North America at Chrysler's Mexico plant by 2015. The move provides additional work for Fiat's top-performing Tychy factory.

 
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European car sales recovery slows in May
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Western European sales rebound slowed in May
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Europe's automakers boosted shareholder value 41% in first quarter
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W. Europe car sales rise nearly 7% on new models, discounts
New-car sales in Western Europe increased by 6.7 percent in April -- helped by a continuing economic ...
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German car sales rise 6% in sign of Europe rebound
German car sales rose 6.3 percent in April as Europe's No. 1 market joined France, Italy and Spain i ...
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Italy sales rose by 25% in April boosted by big discounts
Italy's new-car registrations rose 24.7 percent in April to 148,807, boosted by heavy discounting by ...
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Europe recovery continues in March
European car sales increased 11 percent in March, the strongest growth in a year, as the region's im ...
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Western European sales recovery accelerated in March
Western European new-car sales rose nearly 11 percent in March, helped by an increasing willingness ...
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Russian new-car sales fall 43% as economy slides
Russian new-car sales fell 43 percent last month as a weak currency, falling oil prices and Western ...
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UK sales rise 6% in best March this century
British new-car registrations rose by 6 percent in March to 492,774 vehicles, a record for the month ...
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Toyota Europe's new sales boss must hold off surging Nissan
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Hyundai to hire Donckerwolke to succeed Schreyer, report says
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Bentley's new design chief is ex-Audi styling boss Sielaff
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Nissan names Toyota Europe veteran as sales chief
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Ford appoints UK boss Ovenden as new Russia chief
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Jaguar Land Rover appoints former Porsche exec as China sales head
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Porsche extends contract of production boss
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GM promotes former Opel engineer to Asian tech center chief
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Citroen names former BMW exec as China director
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