Headlines for Saturday, February 23, 2013

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Under Reuss, racing spurs urgency in GM product development

12:01 am U.S. ET | Feb. 23, 2013
When the Daytona 500 starts this weekend with Danica Patrick in the pole position driving the Chevrolet SS, General Motors will be seeking something more than a winner's trophy: adding a greater sense of urgency throughout the company's engineering ranks.

China is 10 years from fielding global, competitive automakers, report says

Feb. 23, 2013 06:01 CET
Chinese automakers are about a decade away from being globally competitive and will have to increase their spending on research and development to close the gap, a report said. GM, VW and Toyota are outspending Chinese brands on r&d and lead in engineering, said Bernstein analyst Max Warburton.

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