Headlines for Wednesday, February 13, 2013
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PSA will move Peugeot brand upscale in bid to return to profit
PSA laid out plans to move its namesake Peugeot brand upscale to help the automaker return to profit after the company posted a record 5 billion euro ($6.73 billion) net loss for 2012. Read More »
Taking a leaf from Apple, BMW dealers will hire product explainers
Inspired by Apple retail stores, BMW will soon require dealers to hire young, tech-savvy employees to handle questions about its vehicles on the showroom floor. The "BMW Genius Everywhere" program is being launched across Europe after a trial at several large dealership groups in the UK last year. Read More »
Toyota hybrids gaining traction in Europe
Annual sales of Toyota and Lexus hybrids topped 100,000 in Europe for the first time last year. It took the brands 12 years to reach the milestone in Europe, which was seven years longer than it took in the United States. Read More »
Toyota to reveal GT86 convertible concept
Toyota has produced a concept previewing a possible convertible version of the GT86 sports car. The FT-86 Open will debut at the Geneva auto show and is likely to go into production. Read More »
Bosch's auto unit boss expects sales rebound in 2013
Bosch's auto division boosted global sales by 1.7 percent last year but missed its 2012 sales target, Bernd Bohr, the unit's boss, said. For 2013, he expects sales to increase by 3 percent to 5 percent, but to reach that goal cuts will need to be made. Read More »
