Headlines for Wednesday, March 6, 2013

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Ford calls for mutual U.S.-Europe auto standards in trade deal

March 6, 2013 14:19 CET
Ford wants trade tariffs between the U.S. and Europe removed and believes the two markets' regulators should accept each other's safety and environmental standards.

GM struggles to overcome Chevrolet-Opel rivalry

March 6, 2013 17:03 CET
The rivalry between GM's Opel and Chevrolet brands in Europe risks damaging both automakers. While Chevrolet is GM's largest and most important brand worldwide, selling roughly 5 million cars last year alone, it is outsold five-to-one by Opel on its home turf in the EU.

2013 GENEVA AUTO SHOW

European automakers go big on small SUVs

March 6, 2013 12:42 CET
The popularity of subcompact SUVs is one of the bright spots in Europe's auto-sales slump and mass-market carmakershave been quick to join this growing segment.

Renault gains union OK to cut 7,500 jobs, freeze pay

March 6, 2013 14:19 CET
Renault can eliminate 7,500 jobs and freeze wages as part of a labor deal offering increased domestic production, after one of the main French unions at the carmaker gave their approval today.

Automaker chiefs urge end to European austerity

March 6, 2013 09:49 CET
Automakers joined growing opposition to Europe's austerity measures. Renault CEO Carlos Ghosn urged government spending to revive the region's anemic sales, which he forecast won't recover for another three years.

BMW shrugs off Europe market decline as Daimler seeks capacity

March 6, 2013 06:01 CET
BMW and Daimler are shrugging off the European auto-market decline as sales growth in China and the United States pushes their luxury-car production to maximum rates.

NICK GIBBS

EcoSport shows flaw in Ford's global design policy

12:01 am U.S. ET | March 6, 2013
Ford is downplaying sales expectations of the EcoSport subcompact SUV in Europe, admitting it was designed with emerging markets in mind.

DOUGLAS A. BOLDUC

Honda shows its European side

12:01 am U.S. ET | March 6, 2013
Honda is showing its European side with the Civic Tourer concept. The car was designed by a German specifically for Europe with the aim of being sleeker than BMW's wagons.

Toyota revamps management to battle GM, Volkswagen

March 6, 2013 12:49 CET
Toyota President Akio Toyoda overhauled his top management for a second straight year, strengthening his control over the world's largest carmaker to vie with General Motors Co. and Volkswagen.

LUCA CIFERRI

The LaFerrari is a Ferrari first

12:01 am U.S. ET | March 6, 2013
The LaFerrari supercar is the first model entirely designed by the company's styling center. Ferrari says it is not a bad sign for longtime partner Pininfarina.

2013 GENEVA AUTO SHOW

Ford to import EcoSport crossover, key to European margins

March 6, 2013 14:28 CET
Ford will import its EcoSport compact crossover from India for the European market, where the vehicle will compete in a growing, but increasingly crowded segment.

Ford awards Mulally nearly $12 million in performance bonuses

March 6, 2013 06:01 CET
Ford CEO Alan Mulally this week was awarded performance bonuses worth nearly $12 million, Ford disclosed to U.S. regulators.

DAVE GUILFORD

For Ghosn, just another impressive day in the media glare

12:01 am U.S. ET | March 6, 2013
For several years at major auto shows, Renault-Nissan CEO Carlos Ghosn has invited media to freewheeling Q&A sessions. Ghosn continued the tradition here today in an unscripted, open-ended session with about 75 international journalists.

DAVE GUILFORD

In the limelight, exotics shrug off austerity

12:01 am U.S. ET | March 6, 2013
So where's the new austere, euro-pinching European auto industry, the one that's struggling to cut capacity and bring wages to a competitive level? No where to be seen, at least at the luxo-elite displays here in Geneva.

2013 GENEVA AUTO SHOW

Hyper-hybrid LaFerrari could redefine green cars

March 6, 2013 10:50 CET
The LaFerrari is one of the most electrifying debuts at this year's Geneva show, and not only because of its sleek carbon-fiber body or its top speed of more than 350 km/h.

Marchionne says Fiat is in talks with banks about Chrysler merger

March 6, 2013 08:19 CET
Fiat- Chrysler CEO Sergio Marchionne said he is in talks with banks about financing a merger of the two automakers. The deal would involve purchasing the 41.5 percent of Chrysler that Fiat doesn't own.

 
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