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Report: Opel targets flat sales in 2013 in Europe


Opel aims to match last year's sales level of more than 1 million vehicles in Europe in 2013 thanks to the launch of the new Adam city car and Cascada cabriolet models. "Of course it depends to a degree on the industry. What I definitely do expect is to grow our market share," Opel sales chief Duncan Aldred was quoted as ...
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General Motors wants to end Opel labor talks this month
General Motors believes it can reach a deal in the next few days with German labor unions over a restructuring of Opel. GM vice chairman Steve Girsky told Reuters that he ...
Garmin forecasts sales of its navigation devices will fall by 20 percent in 2013
Garmin said it expects to sell fewer GPS navigation devices in 2013, with the company also forecasting full-year results below analysts' estimates. The announcement sent its shares down 12 percent to ...
Report: Toyota aims to make 8.79 million vehicles in 2013
Toyota aims to make a record 8.79 million vehicles in 2013 and 9.5 million in 2014 under the Toyota and Lexus brands, a member of the Toyota labor union federation ...
VW CEO to have his 2012 paycheck cut by 20 percent
Volkswagen CEO Martin Winterkorn will receive a 14 million euros ($18.7 million) paycheck for 2012, 20 percent less than in 2011. According to a report from German magazine Der Spiegel cited ...
Opel labor negotiations resume on Friday
Opel will return to negotiations with German labor leaders for two days of talks starting Friday. However, according to a union boss, the two sides are unlikely to reach a deal ...
GM reports smaller than expected fourth-quarter profit
General Motors' fourth-quarter profit reported on Tuesday is weaker than expected, with the carmaker blaming wider losses in Europe, lower vehicle prices plus higher costs in its core North American ...
Daimler denies Focus Magazin’s report on 2013 internal sales targets
Daimler AG, the parent company of Mercedes-Benz, has denied a report from German weekly magazine Focus which claimed to publish internal sales targets for the luxury brand. The magazine said on ...
French prime minister says Peugeot stake not on the agenda
France's Prime Minister said the state has no current plan to buy a stake in ailing carmaker PSA Peugeot Citroen. The comments came a day after Peugeot took a 4.1 billion ...
Report: Peugeot expected to announce multi-billion euro writedown
PSA Peugeot Citroen is set to announce a multi-billion euro writedown on its non-performing assets, according to a report from Reuters citing two people familiar with the situation. The French carmaker ...

latest automotive news
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