The Ghibli is an early test of Fiat boss Sergio Marchionne's efforts to squeeze more cash out of the Maserati and Alfa Romeo brands. Maserati faces a difficult balancing act to emulate the success of BMW, Daimler and Audi by rolling out more affordable models aimed at a broader client base.
Volvo CEO Hakan Samuelsson is bracing for more tough times in Europe, where the automaker's sales fell 15 percent in the first quarter. Samuelsson expects growing sales in China and a rebound in the United States will result in flat overall vehicle sales for the year.
Toyota's Prius hybrids, after record sales in the United States last year, may not reach a target for growth in 2013 as gasoline prices fall faster than the automaker expected, its top North American executive said.
Honda is recalling about 225,300 SUVs and minivans in the United States and Canada to replace a part that if not operating could allow the driver to shift out of park without depressing the brake pedal.
South Korea's LG Chem aims to start production at its Michigan car battery factory in the second half of this year, two executives said today, as the firm tries to revive the plant's fortunes despite slow demand for electric vehicles.
VW, Mercedes and BMW all posted record global sales last year, fueled by demand in China. This year, that growth is at risk after the Chinese government stepped up scrutiny of the automakers and media outlets questioned their quality, leading in one case to a recall of VW cars.
Volkswagen plans to expand its lineup by 29 percent in China to offer 90 cars, SUVs, vans and heavy trucks in the country. China is a key market for VW in its drive to take the industry's global top spot in five years.
PSA said new-car sales in China rose 31 percent to 142,000 in the first quarter, a record for the automaker. Growth was driven by a 24 percent rise in deliveries for PSA's joint venture with Chinese automaker Dongfeng, the company added.
Renault has said its Twin'Z rear-wheel-drive electric concept car is part of a design study for the third-generation Twingo, due to go on sale next year. The automaker, which unveiled the concept last month, has not specified which design elements the Twingo will take from the concept.
German automakers have long seen China as a key market. Now their French rivals, hit by slow sales in Europe, are playing catch up, and they are counting on the popularity of France's luxury fashion brands to help them.
Fiat will add a second shift at the Turin factory where it builds Maserati cars, a source said. Fiat is investing 1.2 billion euros in the luxury marque as it seeks to boost global sales from 6,000 last year to 50,000.
Top executives from Fisker Automotive are going to be called before Congress on April 24 for a public flagellation. The reason: Alleged profligacy with $193 million of taxpayer money from Department of Energy loans that are unlikely to be repaid.
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