Headlines for Friday, November 23, 2012

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Aston Martin gets bids from private equity fund, Mahindra, reports say

5:47 pm U.S. ET | Nov. 23, 2012
Aston Martin owner Investment Dar has received competing bids from Investindustrial and Mahindra & Mahindra for half the sports-car maker, people familiar with the matter told Bloomberg and Reuters.

Aston Martin gets bids from UK private equity fund, Mahindra, sources say

Nov. 23, 2012 23:47 CET
Aston Martin owner Investment Dar has received competing bids from Investindustrial and Mahindra & Mahindra for half of the sports car maker, sources said.

BMW aims to sell another 1 million cars in China by the end of 2014

Nov. 23, 2012 09:38 CET
BMW Group expects to sell a combined 1 million cars in China within three years, a company spokeswoman told Automotive News Europe, confirming comments from a senior executive at the automaker's joint venture in the country.

Open question for roof system suppliers

Nov. 23, 2012 06:01 CET
After a round of bankruptcies and buyouts, the world of roof system suppliers has narrowed to three major players: Webasto Roof Systems, Magna Car Top Systems and Valmet Automotive.

Mass-market brands race to add high-tech gadgetry

Nov. 23, 2012 06:01 CET
Infotainment and safety features once reserved for luxury cars are now showing up in compact and subcompact models as mass-market automakers increasingly use high-tech features as key selling tools. The problem is that automakers cannot charge extra for these features.

Europe uncertainty forces VW to shorten time period for investment plan

Nov. 23, 2012 12:19 CET
VW Group will spend 50.2 billion euros ($64.3 billion) in its automotive division over the next three years, shortening its investment calendar from the usual five years as market uncertainty in Europe makes long-term planning more difficult.

Factory frenzy: Japanese add N. American capacity

Nov. 23, 2012 06:01 CET
Japan's automakers are gearing up for the biggest wave of North American production expansion in a decade.

Leaner suppliers win pricing power in N. America

Nov. 23, 2012 06:01 CET
With North American vehicle production headed toward 15 million-plus units next year, automakers are encountering a new breed of supplier: the one that says "no."

Wiedeking goes from Porsche to pizza and pasta

Nov. 23, 2012 06:01 CET
Wendelin Wiedeking, whose celebrated 16-year run as Porsche's CEO came to a bad end in 2009, has gone into the pizza and pasta business.

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