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Report: Opel’s new CEO will stick to restructuring plan


Opel's new CEO Karl-Thomas Neumann backs the carmaker's restructuring plan. According to a report from Automobilwoche cited by Automotive News Europe, the former VW executive has seen the Drive 2022 plan and wants to implement it without major changes. Opel contributed the most to parent General Motors' $1.8 billion operating loss in Europe last year and GM wants to break-even in Europe ...
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Volkswagen CFO expects worse first quarter this year
Volkswagen predicts the first quarter of this year will be worse than a year earlier, adding to another forecast last week that said the carmaker's 2013 operating profit will stagnate. According ...
Fiat-Chrysler’s global sales rose 12.7 percent in January
Fiat-Chrysler increased global sales by 12.7 percent in January compared with the same month last year. The group was helped by strong sales of the Fiat brand in Brazil and Chrysler ...
Report: Ferrari’s supercar to start at 1 million euros before taxes
Ferrari's much anticipated upcoming supercar will have a pre-tax starting price of about 1 million, according to a report from Automotive News Europe. The report quoted people familiar with the matter ...
PSA to move Peugeot brand upscale as part of restructuring plan
PSA Peugeot Citroen announced plans to move its Peugeot brand upscale to help the automaker return to profit. Peugeot cars will be upgraded to stand out from Citroen models and average ...
Opel denies report about being taken over by PSA Peugeot Citroen
Opel has denied a report from a French newspaper that cited government officials as saying PSA Peugeot-Citroen should buy Opel in order to challenge VW's dominance in Europe. Contacted by Automotive ...
Infiniti revises downwards its European sales targets
Infiniti has revised downwards its sales targets for Europe as the region is undergoing an economic crisis. Nissan's luxury brand admitted it will likely take longer than 2016 to meet its ...
Daimler refuses to comment on report it will make cars in Mexico with Nissan
Daimler declined to comment on a media report that that it may manufacture Mercedes-Benz cars with Nissan's Infiniti brand in Mexico. Frankfurter Allgemeine Zeitung (FAZ) newspaper cited a senior source at ...
2013 Amsterdam auto show cancelled due to the economic crisis
The Amsterdam International Motor Show won't be held next year, as organizers cancelled the event due to a lack of interest from automakers. Joost 't Hooft, project manager for the Amsterdam ...
New Maserati Quattroporte is longer to compete with LWB rivals
Maserati has extended the length of its new Quattroporte sedan in order to target customers who traditionally buy long-wheelbase luxury sedans from Audi, BMW and Mercedes-Benz. The new Quattroporte will grow ...

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