Headlines for Thursday, April 11, 2013

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PSA credit rating cut on Europe recovery doubts

April 11, 2013 10:04 CET
PSA/Peugeot-Citroen's credit rating was cut one step to four levels below investment grade by Moody's Investors Service, which said a contraction in Europe's car market will put at risk the automaker's plans to restore cash flow.

2013 SHANGHAI AUTO SHOW

Citroen Wild Rubis previews SUV for upscale DS line

April 11, 2013 09:00 CET
Citroen's Wild Rubis concept showcases the first SUV/crossover to be sold under the brand's upscale DS line. The concept will mainly be targeted at high-earning Chinese customers.

Ford introduces fifth version of its EcoBoost engine

April 11, 2013 23:49 CET
Ford will introduce this month a 1.5-liter version of its turbo-charged EcoBoost engine. The UK-designed engine will be offered in the Mondeo in Europe and China and in the Fusion in the United States.

Ford begins full-scale Explorer output in Russia

April 11, 2013 22:10 CET
The first built-from scratch Ford Explorer rolled off the assembly line today in Russia -- the first time an Explorer produced outside the United States didn't come from a knock-down kit.

GM's Akerson meets Merkel as two sides bury past differences over Opel

April 11, 2013 18:04 CET
General Motors CEO Dan Akerson met with German Chancellor Angela Merkel to discuss the automaker's Opel unit as the two sides worked to move past a dispute over a failed effort to sell the division.

BMW says production systems helping to counter Europe slump

April 11, 2013 18:19 CET
BMW CEO Norbert Reithofer said the automaker's success amid Europe's auto-market contraction shows the importance of setting up production and sales that can weather an economic crisis.

Skoda says March deliveries fell 12%

April 11, 2013 10:31 CET
Skoda said its worldwide car deliveries dropped by 12 percent in March due to a switch to a new model and weak European markets

Tata may add higher priced Nano models to counter slow sales

April 11, 2013 06:19 CET
Tata may launch higher priced models based on the Nano, the $2,000 compact it introduced with great fanfare in 2008. The reason: Few buyers wanted a vehicle that was primarily pitched as a cheap alternative to a motor scooter.

Toyota, other Japanese automakers recall 3.4 million vehicles over airbag

April 11, 2013 10:49 CET
Japanese automakers including Toyota, Nissan and Honda are recalling about 3.4 million vehicles worldwide due to defective airbags supplied by Takata.

YANG JIAN

New China leaders may boost auto industry

12:01 am U.S. ET | April 11, 2013
China's government has kept a tight grip on the domestic auto industry for years. But that may be about to change.

Opel could hybridize new diesel engine family

April 11, 2013 06:01 CET
Opel/Vauxhall's new family of diesel engines could be hybridized if needed to help meet tougher European CO2 rules expected in 2020 and 2025, the automaker's head of diesel engineering told Automotive News Europe.

Goodyear sued by French employees over plant closure plan

April 11, 2013 08:49 CET
Goodyear was sued in its U.S. home city by French workers claiming the company violated laws of both countries as it implemented a plan to close a plant in Amiens, France.

 
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German carmakers and suppliers expect currency effects to add hundreds of millions to their bottom lines. But moves by the Federal Reserve to prop up the U.S. ...
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Europe's automakers boosted shareholder value 41% in first quarter
The average shareholder value of Europe's listed automakers improved by 41 percent, outpacing European and U.S. ...
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W. Europe car sales rise nearly 7% on new models, discounts
New-car sales in Western Europe increased by 6.7 percent in April -- helped by a continuing economic ...
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German car sales rise 6% in sign of Europe rebound
German car sales rose 6.3 percent in April as Europe's No. 1 market joined France, Italy and Spain i ...
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Italy sales rose by 25% in April boosted by big discounts
Italy's new-car registrations rose 24.7 percent in April to 148,807, boosted by heavy discounting by ...
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Europe recovery continues in March
European car sales increased 11 percent in March, the strongest growth in a year, as the region's im ...
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Western European sales recovery accelerated in March
Western European new-car sales rose nearly 11 percent in March, helped by an increasing willingness ...
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Russian new-car sales fall 43% as economy slides
Russian new-car sales fell 43 percent last month as a weak currency, falling oil prices and Western ...
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UK sales rise 6% in best March this century
British new-car registrations rose by 6 percent in March to 492,774 vehicles, a record for the month ...
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Germany's 9% sales rise a positive sign of Europe's continued rebound
New-car sales in Germany increased 9 percent last month, the VDA industry association said. ...
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France, Italy, Spain sales growth in March encourages European recovery hopes
New-car registrations rose in France, Italy and Spain last month, adding to signs that the European ...
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Ford names UK boss Ovenden as new Russia chief
Ford named Russian market veteran Mark Ovenden as the new CEO of its joint venture in the country. ...
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Jaguar Land Rover appoints former Porsche exec as China sales head
Jaguar Land Rover has appointed former Porsche executive Mark Bishop as its new China sales boss, am ...
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Porsche extends contract of production boss
Porsche has extended the contract of its production and logistics boss, Oliver Blume, by five years. ...
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GM promotes former Opel engineer to Asian tech center chief
General Motors named former Opel engineer Tobias Suenner as president of its technical center in Shanghai. ...
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Citroen names former BMW exec as China director
Former BMW executive Sabine Scheunert is the new head of Citroen in China. ...
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Borgward revival led by former Daimler China boss
Borgward named former Daimler China boss Ulrich Walker as its CEO as the company prepares to resurre ...
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Mopar head Gorlier gets additional component role
Pietro Gorlier, the head of Fiat Chrysler Automobiles' global parts and service organization, has be ...
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Hyundai names new Europe chief
Hyundai said company veteran Hyung Cheong Kim is the new president and CEO of its European operation ...
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Hella says its finance chief will leave
Hella, a German manufacturer of auto headlights and electronics, said its finance chief Wolfgang Oll ...
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Sogefi names former Faurecia exec as new CEO
Italian supplier Sogefi has named Laurent Hebenstreit as its new CEO. ...
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Kia bets on diesel demand for Sorento
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Espace starts Renault's upper-range revival
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Suzuki sees Vitara as its best-seller in Europe
Suzuki expects the new Vitara to become its best-seller in Europe because of its more mainstream loo ...
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BMW targets U.S. market with 2-series softtop
BMW has increased the size of the 2-series convertible compared with its predecessor model, the 1-se ...
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Volvo's future rides on revived XC90
Volvo says its all-new XC90 flagship represents the future of the automaker, which aims to nearly do ...
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Mercedes-Maybach offers quiet luxury
Mercedes has upgraded its flagship sedan by giving it a more spacious rear cabin and features such a ...
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Land Rover Discovery Sport on conquest path
Land Rover expects the Discovery Sport to join the Range Rover Evoque coupe-styled compact SUV in at ...
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Ford expects big boost from high-tech Mondeo
Ford expects a significant sales boost in the tough midsize segment from its latest-generation Monde ...
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Sportier Skoda Fabia keeps its functionality
The new Skoda Fabia highlights how the fast-growing Czech value brand is adding a touch of style to ...
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Mazda2 gets bigger, lighter and bolder
Mazda expects its latest Mazda2 hatchback to make a bigger impact in Europe's highly competitive sub ...
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Preh teams up with Audi on new TT's high-tech air vents
German supplier Preh teamed up with Audi to equip the TT with heating and air conditioning controls ...
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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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