Headlines for Saturday, April 20, 2013

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GM plans to add four more plants in China

8:03 am U.S. ET | April 20, 2013
General Motors plans to add four new plants in the next three years in China to bring its production capacity to 5 million vehicles a year, the head of GM China said at the Shanghai auto show.


PSA lifts China sales target; growth eases Europe pain

April 20, 2013 12:49 CET
PSA raised its sales target in China by 11 percent after demand rose more than expected in the first quarter, providing welcome relief to woes in its home region.


Hyundai Mistra previews a new sedan for China

April 20, 2013 06:01 CET
Hyundai unveiled the Mistra concept for a mid-sized family sedan at the Shanghai auto show Saturday. The production car will go on sale later this year only in China.


Jeep may start Cherokee production in China in 2014, CEO Manley says

April 20, 2013 10:19 CET
The Cherokee is the "obvious choice" to become the first Jeep built in China in six years and could double the brand's sales in the country, Jeep CEO Mike Manley said.


BMW, Daimler, JLR expect higher China sales to offset weak Europe

April 20, 2013 08:36 CET
European luxury brands count on continued growth in China to offset slumping demand in their home markets. Audi CEO Rupert Stadler said Europe faces long stagnation but an expanding Chinese market will boost premium automakers.

Porsche says new Panamera's sales to beat old model

April 20, 2013 12:16 CET
Porsche said sales of the overhauled Panamera coupe may beat deliveries of the four-door model's first generation, sales chief Bernhard Maier said.

Toyoda, Lexus troll for hipsters in new marketing push

10:44 am U.S. ET | April 20, 2013
Toyota President Akio Toyoda used a waterfront gala in New York's trendy Chelsea district on Friday night to paint Lexus as an avant-garde, aspirational car -- and to launch the luxury brand's new marketing campaign.


Dealerships absorb an indirect hit when disaster strikes

7:21 am U.S. ET | April 20, 2013
This past week two catastrophic events hit communities. While no dealership employees were injured in either incident, dealers and staffers felt the impact.

Morocco bids to build auto industry for the region

April 20, 2013 06:15 CET
Morocco is aiming to become a major auto-producing market in the North African region. At present, the heavily agricultural country is host to only two Renault Group plants and may need to develop a better qualified workforce before it can attract further automakers.

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