Automakers will scrap 15,000 new vehicles damaged by Sandy

9:36 am U.S. ET | Nov. 7, 2012
Toyota, Chrysler, Nissan and Honda plan to scrap about 15,000 vehicles damaged by Hurricane Sandy as automakers and dealers continue assessing the storm's impact. Including used autos and those of individual owners, as many as 200,000 may have to be replaced, said Larry Dixon, senior analyst for the National Automobile Dealers Association.... Read More »


PSA's Varin says no further asset sales planned after Gefco deal

Nov. 5, 2012 14:05 CET
Following the signing of a deal on Monday to sell PSA's 75 percent stake in Gefco to Russian Railways for 800 million euros ($1.03 billion), the carmaker's CEO Phillipe Varin said the company was not planning any further asset sales.... Read More »


PSA confirms in Gefco talks with Russian Railways

Sept. 20, 2012 08:19 CET
PSA is in exclusive talks to sell 75 percent of its Gefco trucking unit to OAO Russian Railways for about 800 million euros ($1.04 billion), the carmaker said on Thursday.... Read More »


PSA may sell Gefco stake to Russian Railways, union says

Sept. 15, 2012 12:49 CET
PSA may sell a majority stake in its Gefco trucking unit to Russian Railways after the state-owned company made the highest offer, a union official said.... Read More »


Russian Railways mulls bid for PSA's Gefco logistics unit

Aug. 30, 2012 15:01 CET
Russian state railway monopoly Russian Railways has considered bidding for French carmaker PSA's logistics division Gefco, according to materials produced for a Russian Railways' board meeting seen by Reuters on Thursday.... Read More »


PSA prepares finances for Gefco suitors, sources say

July 26, 2012 06:01 CET
PSA is working on a financing package to help push through the sale of logistics unit Gefco, people familiar with the process said.... Read More »


GM signs European logistics deal with Peugeot unit

8:31 am U.S. ET | July 2, 2012
General Motors today signed a deal to transfer the bulk of its European logistics operations to a unit of France's PSA Peugeot Citroen starting next year in order to focus on its core car business, the two carmakers said in a joint statement.... Read More »


Dynamic executives honored as Automotive News Europe Rising Stars

June 20, 2012 22:00 CET
PSA, Ford, GM, Kia, Volvo and Johnson Controls were among the companies to have an executive named as a Rising Star by Automotive News Europe. Fifteen young and talented leaders were honored for their achievements in this year's awards presented in Monte Carlo.... Read More »



Rail-car shortage hampers vehicle shipments

12:01 am U.S. ET | June 18, 2012
North American automakers are struggling with a shortage of rail cars used to transport cars and light trucks from assembly plants to dealerships.... Read More »


Rail-car shortage hampers auto shipments

12:01 am U.S. ET | June 12, 2012
North American automakers are struggling with a shortage of rail cars used to transport cars and light trucks from assembly plants to dealerships.... Read More »


Vehicle transporter Allied back in bankruptcy

6:35 pm U.S. ET | June 11, 2012
Allied Systems is back in Chapter 11 bankruptcy. The Decatur, Ga., vehicle transporter and 18 subsidiaries entered into bankruptcy protection on Sunday after some lenders last month submitted an involuntary Chapter 11 petition against the company.... Read More »


PSA attracts at least six potential bidders for Gefco logistics unit

May 22, 2012 15:04 CET
PSA has interest for its Gefco car logistics unit from at least six potential buyers including Axa Private Equity and the French national railway operator.... Read More »


Fiat's Tata troubles could pave way for closer ties with Suzuki in India

May 21, 2012 10:04 CET
The partnership between Fiat and Tata Motors in India may be headed for a split after the two carmakers ended a distribution deal that had allowed Fiat to sell cars via Tata's dealerships.The move could pave the way for Fiat to strengthen its ties with Suzuki in Asia's third-largest auto market, according to analysts.... Read More »


U.S. auto rebound boosts railroads

9:49 am U.S. ET | May 15, 2012
Railroads in North America are piggybacking off a resurgence in auto sales that's generating the most business for railroad companies in four years.... Read More »


Nissan taps 24-year veteran Kelly as first American board member

1:09 pm U.S. ET | April 20, 2012
Nissan said today that an American, Senior Vice President Greg Kelly, has been nominated for the company's board. If elected at the Japanese automaker's annual meeting in June, Kelly would be the first American board member.... Read More »



'Nylon 12' shortage? Watch logistics wizards work

4:02 pm U.S. ET | April 17, 2012
Today in Detroit, rival suppliers and automakers are huddling in emergency session because of a March 31 explosion and fire at an Evonik chemical plant in Marl, Germany. It's a chance for the industry's unheralded miracle workers -- the logistics experts -- to do their jobs.... Read More »


GM invests $70 million in Middle East parts center

Feb. 22, 2012 10:34 CET
General Motors has invested $70 million in a distribution center in Dubai to supply parts for Chevrolets and other vehicles as the world's largest automaker expands in the Middle East.... Read More »


Fiat-Chrysler chooses Mopar as global parts and service brand

Jan. 31, 2012 09:30 CET
In another step marking further integration between Fiat and Chrysler Group, the parts and service operations of both automakers will merge under Chrysler's Mopar brand.... Read More »


GM seen accelerating Opel restructuring as sales plunge

Jan. 27, 2012 06:01 CET
The financial crisis in Europe is adding new urgency to General Motors' attempt to turn around its money-burning Opel unit. The U.S. carmaker is trying a number of moves including cost-saving measures between Opel and Chevrolet, job cuts and personnel changes at the top, in order to revive the brand which has lost GM $2.34 billion since 2009.... Read More »


Opel may expand China sales with SAIC, report says

Jan. 24, 2012 12:49 CET
Opel may cooperate with China's SAIC to expand sales in the country, a German newspaper reported.... Read More »


VW picks logistics chief to head car sales in former Soviet states

Jan. 19, 2012 09:00 CET
Logistics expert and 16-year Volkswagen Group veteran Jan Utermarck will take responsibility for the VW brand's car sales in the former Soviet states, Middle East and Africa starting Feb. 1. Utermarck, who currently heads VW Group's global parts logistics network, succeeds Hans-Heiner Tueting, 56, who became Volkswagen de Mexico's board member for marketing, sales and service last November.... Read More »


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