Several analysts agree talks between the two auto makers would center on jointly developing items such as engines, transmissions and architectures for vehicles sold under their respective brands....More
Sources close to the negotiations say the two auto makers are discussing an arrangement that goes deeper than the individual partnerships PSA has with BMW, Ford, Toyota, Mitsubishi and Fiat for particular products....More
The plan is to roll out a production version of the new vehicle for the South Korean market in 2014, but wider marketing plans are not yet defined....More
With the cash infusion from Chinese investors, the boutique car manufacturer is expected to bring to fruition plans for the new Deauville luxury performance CUV shown a year ago....More
Brazil needs the approval of each nation in the Mercosur trade bloc, including Argentina, to revamp its automotive accord with Mexico. Meanwhile, Argentina is pressing Brazil to buy more of its auto parts....More
To stem the losses, analysts want to see European plant closings and workforce cutbacks on top of the capacity reductions the auto maker made during the unit’s restructuring in 2011 and 2010....More
Renault's CEO predicts global industry sales will grow 4% this year but decline 3% to 4% in Europe and fall 7% to 8% in France. He says the auto maker intends to maintain its momentum in overseas markets such as Russia and Brazil....More
U.S. CEO John Krafcik refutes reports that say a luxury-brand strategy is under way, but says it’s among many ideas being studied internally. “There's no plan to do a Genesis sub-brand, full stop,” he tells WardsAuto.”...More
PSA Peugeot Citroen’s 2012 priorities include cutting costs by E1 billion, successfully launching four cars in Europe and reducing debt. The auto maker also will continue expanding in China, Russia and Latin America....More
The WardsAuto forecast calls for U.S. auto makers to sell 1.09 million LVs this month, lifting the SAAR to 14 million-plus units for a second consecutive month.
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