European car sales shrank again in March, threatening more losses for carmakers in the region after a dismal 2012, according to figures and forecasts. With euro-zone unemployment at a record high, forecaster LMC Automotive sees this year's sales dropping 3.1 percent in western Europe to 11.
Audi already knows how it feels to be global No. 1 in premium-car sales. The brand led in that category in January before falling back to second place behind BMW in February. Audi CEO Rupert Stadler plans on get back to the top and stay there by 2020 or sooner.
Faurecia North America Inc. has received final approval to build a three-story, 278,000-square-foot North American headquarters in suburban Detroit that will house the company's administration and a technical center for its automotive seating and exteriors units.
Infiniti knows who will be buying its BMW 1-series rival. “The target customer is a French lady called Pascale. She's 34 years old, living in London with an English guy who works in banking,” Nissan global product planning boss Andy Palmer told Automotive News Europe.