Auto News 5

Back from two weeks’ ‘holiday at home’ (not entirely my first choice; do not mention the words ‘Iceland’ or ‘volcano’) to a mixed week for the auto biz. It’s nice to see a bit of uptick, at last, in the components sector with Magna back in the black in the first quarter on the back of increased OEM production in the USA (especially) and Europe and increased complete vehicle sales as new contracts like the Peugeot RCZ kicked in to replace the Chrysler minivan assembly withdrawn back to the US from the plant in Austria some time ago. Full story…