Headlines for Wednesday, March 27, 2013

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TECHNOLOGY

Toyota will sell vehicles under parts-sharing, platform framework in 2015

March 27, 2013 12:42 CET
Toyota will begin selling vehicles built under its parts-sharing and platform framework in 2015, the company. The automaker is pursuing the strategy adopted by rivals including Volkswagen, to share parts among vehicles using the same platform in order to save costs and manpower.

NEW PRODUCT

Volvo will launch XC90 successor next year

March 27, 2013 16:08 CET
Volvo will introduce a successor to the XC90 in late 2014, CEO Hakan Samuelsson said. The model will be the first all-new vehicle launched by Volvo as a unit of China's Zhejiang Geely Holding Group.

RESTRUCTURING

German union bosses approve Opel deal despite split

March 27, 2013 18:02 CET
German trade union IG Metall's federal executive board approved a labor deal with Opel, paving the way for the unit to begin restructuring its domestic operations.

AUTOMAKERS

BMW may get rid of its retire-at-60 rule

March 27, 2013 06:01 CET
Age 62 soon may be the new 60 for BMW's top executives, including CEO Norbert Reithofer.

SUPPLIERS

Autoliv seeks acquisitions to expand in high-tech car safety

March 27, 2013 13:54 CET
Swedish supplier Autoliv says it is keen to expand its car-safety business through the acquisition of high-tech active technology that help vehicles avoid accidents.

EURO ZONE CRISIS

Chill in car sales spreads to northern Europe

March 27, 2013 11:15 CET
Dealers in northern Europe are feeling the chill after a slump in new-car sales spread to countries such as Germany, the Netherlands and Sweden. The outlook is grim for some markets that had until now escaped the worst of the euro zone debt crisis.

INDIA

Fiat bets on SUVs and sporty cars in India reboot

March 27, 2013 10:01 CET
Fiat will open a fully-owned dealer network in India almost a year after it ended an unsuccessful partnership with Tata to build and distribute cars in the country. Fiat hopes to crack the world's seventh-largest car market by tapping into fast-growing areas such as SUVs and sporty cars.

 
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German car sales rise 6% in sign of Europe rebound
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Italy sales rose by 25% in April boosted by big discounts
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Europe recovery continues in March
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Western European sales recovery accelerated in March
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Russian new-car sales fall 43% as economy slides
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