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Jun
3rd

Fiat owner Exor sells stake in Swiss company SGS for $2.6 billion

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Exor, the Agnelli family company which controls Fiat, has sold a 15 percent stake in Swiss company SGS for 2 billion euros ($2.6 billion). The move frees up resources ahead of the automaker's planned merger with Chrysler Group.
Jun
3rd

Fiat owner Exor sells stake in SGS for $2.6 billion

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Exor, the Agnelli family company which controls Fiat, has sold a 15 percent stake in Swiss company SGS for 2 billion euros ($2.6 billion). The move frees up resources ahead of the automaker's planned merger with Chrysler Group.
Jun
3rd

Daily automotive news and comment – from just-auto.com 2013-06-03 05:46:00

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Australia's CAP-XX Ltd is developing supercapacitors to provide high power support to automotive stop-start systems, protecting and extending the operating life of the car's battery in the process. Supercapacitors are lighter than a battery, can operate at low temperatures and be charged and discharged almost without limit. To find out more, Matthew Beecham talked with CAP-XX's CEO Anthony Kongats and Pierre Mars, Vice President Applications Engineering & Quality.
Jun
3rd

New Mazda 3 leaked

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News 3 Jun, 2013

Pictures of the new Mazda 3 have been leaked, revealing a design inspired by the Mazda 6 saloon

Jun
3rd

Fiat-Gucci link fails in China

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Fiat so far has failed to establish its tiny 500 as a chic city car in China despite a direct link to Italy's Gucci brand.
Jun
3rd

Automotive News Europe salutes Daniel Mueller

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Automotive News Europe salutes the winners of the 2013 Rising Stars awards. Every day until June 12 one of the 18 winners will be featured. Today's Rising Star is Daniel Mueller, head of information technology at Kia Europe.
Jun
3rd

Vuitton, Chanel #8230; Citroen?

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German automakers have long seen China as a key market. Now their late-arriving French rivals, hit by slow sales in Europe, hope to catch up fast with help from the popularity of France's fashion brands.
Jun
3rd

For China buyers, the back seat is a front-burner issue

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To learn just how different the Chinese Ford Kuga compact crossover is from its North American sibling, the Ford Escape, step into the back seat. Most American car owners rarely ride there.
Jun
3rd

Automotive News Breaking News Feed 2013-06-03 01:01:00

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Disappointing sales of electric vehicles have plunged the segment into an old-fashioned price war -- one that some EV proponents fear could erode acceptance of the technology in the long term.
Jun
3rd

2 brands declare crowd-funding a success

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Two auto brands that are targeting young customers through pioneering "crowd-funding" initiatives are seeing vastly different results in terms of sales. Yet both are claiming success.
Jun
3rd

BMW Gran Lusso Coupe concept hints at revival of luxury 8 series

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BMW has unveiled a concept for a large luxury coupe that hints of the possible revival of the departed 8 series and a rival for Mercedes-Benz's CL.
Jun
3rd

Dealers putting more dollars into dirt

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Since 2008, the six publicly traded dealership groups combined have increased their ownership of land and buildings by nearly 25 percent, according to a Merrill Lynch report.
Jun
3rd

Infiniti boss puts EV on hold, reduces sales expectations

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Infiniti's new boss is calling for new priorities. Less than a year into his job as president of Nissan Motor Co.'s premium marque, Johan de Nysschen is tempering expectations that Infiniti will nearly triple sales in four years.
Jun
3rd

For Chrysler stores, blue sky is back

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After enduring Chrysler's bankruptcy, the uncertainty of its acquisition by Fiat and the Great Recession, Chrysler Group dealers are finally receiving healthy offers to buy their stores.
Jun
3rd

TSX could be squeezed out of Acura lineup

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The future of Acura's TSX appears uncertain as Honda Motor prepares to abandon the platform used for the compact sedan.
Jun
3rd

GM still has much to prove to investors

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Asked last month whether General Motors cleared a psychological hurdle recently when its stock rose above the $33 price of its initial public offering, GM North America President Mark Reuss laughed and said, "Yes."
Jun
3rd

Automotive News Breaking News Feed 2013-06-03 01:01:00

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Drawing on Stanford's resources, the Automotive Innovation Facility in Palo Alto, Calif., has become an academic hothouse for all things automotive.
Jun
3rd

Automotive News Europe News Feed 2013-06-03 01:01:00

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PSA/Peugeot-Citroen CEO Philippe Varin will have to navigate the Peugeot family and the French government to ensure the survival of the struggling automaker. Varin, 60, this week starts his second four-year term as head of the money-losing company.
Jun
3rd

Check out the ANE monthly e-magazine

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The latest issue of the Automotive News Europe monthly e-magazine looks at how PSA and Renault hope China's love for French luxury will lead to sales boom; Audi's De Meo foresees a bright future for the brand's SUVs and how Volkswagen is leading...
Jun
3rd

Automotive News Europe News Feed 2013-06-03 01:01:00

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German automakers have long seen China as a key market. Now their late-arriving French rivals hope to catch up fast with help from the popularity of France's fashion brands.
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