Headlines for Tuesday, February 19, 2013
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BMW taps wind power to guard profits
BMW will harness winds whipping across eastern Germany to secure power -- and defend profits -- as costs rise due to Germany's 550 billion-euro ($740 billion) shift away from nuclear energy. Read More »
Ford, PSA and Toyota hit hard as Europe sales slump to 23-year low
European passenger car registrations fell 8.5 percent in January to their lowest total for the month since 1990. Ford, PSA and Toyota had the steepest declines while Opel and Kia bucked the downward trend, along with most premium brands. Read More »
Infineon to make power chips on large wafers
Germany's Infineon will become the world's first chipmaker to produce more profitable chips on large, 300mm (12-inch), thin wafers. Read More »
Carmakers pin hopes on Europe's UK bright spot
The UK was the only major European car market to grow sales last year, but to maintain the growth, automakers may have to keep offering such large incentives that they may erode any remaining profit. Read More »
Citroen shrinks the C4 Picasso
Citroen will give its next C4 Picasso a more compact size and better fuel efficiency to propel the model to higher in the medium minivan segment where it lags behind Renault, Ford and Volkswagen. Read More »
Car dealer Pendragon gets UK profit boost
Car dealer Pendragon posted an 18 percent rise in full-year profit, helped by growing new car sales in Britain, Europe's only bright spot for car sales. Read More »
BMW to recall 570,000 vehicles in North America
BMW has told safety regulators it will recall about 570,000 vehicles in the United States and Canada because of a faulty battery cable connector that can fail and cause an engine to stall. Read More »
