Headlines for Tuesday, May 7, 2013

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Automobilwoche Kongress 2013

The European automotive Industry between weak markets (a rock) and over-regulation (a hard place). Read More »


Montezemolo says keeping Ferrari's high profits will be challenging

Ferrari Chairman Luca Cordero di Montezemolo has lived through many highs and lows, both on the racetrack and at the office. Times are good now. Last year, the automaker had record sales of 7,318 supercars and an operating margin of 14.4 percent. Read More »


BMW recalls 220,000 vehicles in Takata airbag issue

BMW said it is recalling about 220,000 vehicles worldwide from model years 2002 and 2003 as part of a wider recall affecting airbags made by supplier Takata. Read More »


GM to discuss labor woes with S. Korea president, union rep says

GM will discuss labor woes in South Korea with the country's president, the automaker's CEO was quoted as saying by its Korean union, a move that could complicate already troubled relations with its work force in the country. GM makes most of the Chevrolet vehicles it sells in Europe in Korea. Read More »


Growing Audi demand prompts TRW to boost output at new Romania plant

TRW will boost production at a new eastern European factory on growing demand from Audi and other automakers. The U.S. supplier plans a fivefold output boost at a steering wheel leather wrapping plant in Baia Mare, Romania, that opened in January. Read More »


Audi April sales up 7% on China, U.S.

Audi sales rose 7 percent in April to 133,500 vehicles on strong demand in China and the United States, pushing four-month sales to 503,000. It is the first time that Audi has topped a half million deliveries in just four months, the automaker said Tuesday. Read More »


UK has best April car sales since 2008

UK new-car sales were nearly 15 percent higher in April than a year ago, according to the SMMT, which said 2013 sales would be stronger than it previously forecast. Read More »

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