Headlines for Wednesday, September 11, 2013

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BMW will fix supply-chain delays by month's end, execs say

Sept. 11, 2013 06:01 CET
BMW says it will resolve a supply chain problem that has delayed the global delivery of spare parts to some customers by the end of this month.

Continental to partner with IBM on autonomous driving systems

Sept. 11, 2013 06:01 CET
German supplier Continental said it was teaming up with IBM, the world's biggest technology services company, on systems used for driverless cars.

Maserati sees sales jumping to 16,000 this year

Sept. 11, 2013 15:42 CET
Maserati expects sales to jump to about 16,000 cars this year from 6,300 last year, driven by demand for its new Quattroporte and Ghibli models.

2013 FRANKFURT AUTO SHOW

Auto executives more downbeat than desperate

Sept. 11, 2013 13:00 CET
Two years ago, at the last Frankfurt auto show, the big story was the unraveling euro zone crisis and its effect on the auto industry. Now the crisis is subsiding, but the caution remains.

2013 FRANKFURT AUTO SHOW

Renault will launch upscale Initiale Paris line in China

Sept. 11, 2013 11:19 CET
Renault will sell upscale vehicles under its new Initiale Paris badge in China as well as Europe to compete with French rival Citroen's DS line.

BRUCE GAIN

A Nissan concept to watch

12:01 am U.S. ET | Sept. 11, 2013
Nissan took infotainment connectivity to a new level by unveiling a wristwatch at the Frankfurt auto show that can receive driving data from a car and biometric reactions from its driver.

Rolls-Royce mulls SUV to challenge Bentley

Sept. 11, 2013 12:34 CET
Rolls-Royce is considering following other ultra-luxury brands including Bentley and Maserati in adding an SUV to its lineup. Rolls-Royce has asked designers draw up sketches as a first step, CEO Torsten Mueller-Oetvoes said.

DOUGLAS A. BOLDUC

Taking a peek inside China's Changan

12:01 am U.S. ET | Sept. 11, 2013
China's Changan is moving fast but cautiously, according to a top executive with the automaker whose partners include Ford, PSA and Mazda.

Renault's new co-chiefs pledge to focus on devising growth project

Sept. 11, 2013 06:01 CET
Renault's two new top executives will focus on completing the automaker's strategy for boosting cash flow and sales growth "We will finalize the 2014-2016 plan before the end of the year," said Thierry Bollore, chief competitive officer.

2013 FRANKFURT AUTO SHOW

Porsche 918 hybrid beats Toyota Prius as supercars go green

Sept. 11, 2013 06:01 CET
Porsche and BMW are among carmakers who have unveiled new sports cars that are not only fast but also greener as fuel efficiency becomes a key standard even for supercars.

VW's Winterkorn says Europe should close 10 factories

Sept. 11, 2013 08:14 CET
Volkswagen CEO Martin Winterkorn said the European auto industry needs to close around 10 factories to reduce overcapacity caused by the region's slumping car market.

 
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UK new-car sales rise 13% in June boosted by low finance deals
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French car sales rise 15% in June on extra working days
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European car sales recovery slows in May
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Western European sales rebound slowed in May
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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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