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
Vehicle production in January reached 140,404 units, the best result since last October’s flooding. Output was down 4.0% year-on-year, but up 41.2% from December....More
The Taurus-based sedan Interceptor is accounting for about 60% of orders so far, with the rest going to the Explorer-based SUV. Both offer superior technology and performance compared with the aging Crown Vic they replace....More
“Car production continues to drive manufacturing growth and a rebalancing of the economy,” Society of Motor Manufacturers and Traders CEO Paul Everitt says....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
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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