Headlines for Monday, February 25, 2013

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Ex-Porsche designer aims to give Chery a styling boost

Chery Automobile is counting on ex-Porsche designer Hakan Saracoglu to improve the Chinese carmaker's styling. Saracoglu, who has also worked at Ford of Europe, is leading a team of 30 at Chery's Shanghai-based design center to come up with new concepts for models from sedans to SUVs. Read More »

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Ford unveils EcoSport SUV for Europe

Ford today unveiled the European version of its EcoSport subcompact SUV, a model the automaker hopes will help counter the company's falling sales in the region. The EcoSport will go on sale in Europe at the end of the year. Read More »

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GM denies reports of proposed hike in CEO Akerson's 2013 pay

GM today strongly denied several media reports that it has requested an increase in CEO Dan Akerson's 2013 compensation. Akerson's pay last year of $11. Read More »

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GM hires VW's Mahoney to steer Chevy global marketing

GM named Volkswagen of America executive Tim Mahoney to the newly created post of global chief marketing officer for Chevrolet. Mahoney also will carry the title of global GM marketing operations leader. Read More »

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2013 GENEVA AUTO SHOW:

Bertone stretches the Aston Martin Rapide

Italian design house Bertone will unveil a one-off wagon-like version of the Aston Martin Rapide sports car at the Geneva auto show on March 5. Read More »

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Volkswagen's start to year is worse than in 2012, Poetsch says

Volkswagen CFO Hans Dieter Poetsch predicted the first quarter would be worse than a year earlier, adding to a forecast last week that VW's 2013 operating profit probably wouldn't increase as Europe's auto market shrinks. Read More »

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China's wealth fund is unlikely to become key Daimler shareholder, Uebber says

Daimler does not expect China's sovereign wealth fund to take a 10 percent stake in the automaker, thereby giving the automaker another anchor shareholder besides Kuwait. Chief Financial Officer Bodo Uebber told a German newspaper today that Chinese investment in the company is unlikely. Read More »

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Daimler cuts Zetsche's pay as management bonuses are reduced

Daimler has cut CEO Dieter Zetsche's total pay by 5.8 percent to 8.15 million euros for 2012 as managers' bonuses were reduced following the scrapping of profit targets. Read More »

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VW board cuts Winterkorn's 2012 pay

The VW supervisory board has taken steps to limit bonuses for CEO Martin Winterkorn and other top executives. Read More »

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GM expects Opel labor deal soon

GM believes it can strike a deal in the next few days with German labor unions over a restructuring of its money-losing European unit Opel, GM Vice Chairman Steve Girsky said on Monday. Read More »

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Nissan to sell Datsun cars in South Africa from next year

Nissan will start selling its Datsun brand in South Africa next year, the automaker said on Monday, as it aims to grab more first-time buyers in emerging markets with entry-level cars. Read More »

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Amid insults, Mercedes and BMW both claim U.S. luxury crown

Mercedes-Benz and BMW have been trading insults since BMW sprinted ahead of Mercedes in December to snatch the 2012 luxury-sales crown in the U.S. The late burst by BMW ratcheted up as Mercedes laid claim to being the true winner based on newly released vehicle registration data. Read More »

 
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German car sales rise as Europe rebound continues
New-car sales in Germany rose 3 percent in January, adding to signs that the European rebound is con ...
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Spanish car sales jump 28% for 17th month of growth
New-car sales in Spain rose 28 percent in January, the 17th consecutive month of growth. ...
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French car sales rise 6% in Jan. as foreign brands gain
French car sales rose 6 percent in January, halting a three-month decline. Volkswagen, BMW, Toyota a ...
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Europe 2014 sales rise on low-cost brands shift
European car sales in 2014 rose for the first time in seven years, thanks to government incentives, ...
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Russia car sales forecast to drop 24% as economic crisis worsens
Russian car sales are set to decline by 24 percent this year after falling 10 percent in 2014 as the ...
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W. Europe car sales up 5% in 2014; 3% gain seen for 2015
New-car sales in western Europe increased by 5 percent in 2014, the best result since 2009, but grow ...
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German car sales rose 7% in December on extra selling day
New-car sales in Germany rose 7 percent in December, returning Europe's largest auto market back to positive annual growth after two years of shrinking sales. ...
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Car sales slump in France in December, but rise in Spain and Italy
France's floundering economy pushed car sales 7 percent lower in December, while Spanish sales jumpe ...
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Budget brands win despite Europe's car sales slowdown
New-car registrations in Europe rose 1 percent in November, with budget brands beating the market as ...
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Russian auto market decline slows in November
Russian car sales fell 1 percent in November compared with 10 percent the month before as a state sc ...
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Grupo Antolin shakes up management team
Grupo Antolin, the world's largest supplier of vehicle headliners, has shaken up the top tier of its ...
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Bentley names industry veteran Winkler to head Americas unit
Bentley said it appointed Michael Winkler as president and CEO of Bentley Motors in the Americas, replacing Christophe Georges, who will become director of product and... ...
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Ford names new lobbyist in Europe as free trade, CO2 pressure intensifies
Ford of Europe has promoted veteran lobbyist Andrew McCall as its new vice president for government ...
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New Mini boss is former Audi executive
BMW named former Audi executive Sebastian Mackensen as head of its Mini brand. ...
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Volvo appoints Kerssemakers as U.S. chief
Volvo is reshuffling its North American management by appointing global corporate product strategy c ...
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McLaren names new design chief
UK supercar maker McLaren promoted Robert Melville to the post of chief designer, reporting to the c ...
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VW's Seat brand recruits Ford designer Lamm
Volkswagen's Seat brand has recruited Ford of Europe stylist Stefan Lamm as its new head of exterior ...
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Aston Martin hires former Porsche exec as China boss
Aston Martin has hired former Porsche and BMW executive Michael Mingshan Peng as its new China boss ...
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Bosch's automotive head quits to become CEO of Mahle
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Ford-Getrag JV names new COO
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Sportier Skoda Fabia keeps its functionality
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Mazda2 gets bigger, lighter and bolder
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BMW X6 gets sleeker to keep edge on new rivals
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Daimler seeks profitability at Smart with 2 minicar sizes
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VW Passat tackles trailer troubles
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Audi boss calls A3 e-tron the 'perfect' EV
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Mercedes pushes S-class plug-in's zip
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Lexus readies hybrid-only BMW X5, Mercedes M class rival
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VW says Golf GTE plug-in hybrid offers the 'best of both worlds'
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Novelis helps make the Jaguar XE lean and green
Novelis plays a key role in the new Jaguar XE's aluminum-intensive monocoque structure. ...
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Faurecia helps cut CO2 in new Renault Twingo
Faurecia's emissions control systems helps the third-generation Renault Twingo reduce fuel consumpti ...
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ZF provides Maserati Quattroporte with leaner, smarter transmission
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Marelli helps optimize Alfa 4C's transmission
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BorgWarner helps boost power in BMW 2 series
BorgWarner-sourced turbochargers for the new BMW 2 series help boost power by as much as 13 hp to 18 ...
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