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Peugeot Family Okays PSA Equity Deal
2/18/2014The two boards representing the Peugeot family have approved PSA Peugeot Citroen's plan to sell €3 billion in equity to the French government, China's Dongfeng Motor Group and existing company shareholders, says Reuters, which cites unidentified sources.
U.S. Dealer Count Remains Steady as Sales Per Outlet Soar
2/17/2014Passenger vehicle sales in the U.S. have jumped climbed 34% to 15.6 million units since 2010.
Mazda to Add Small Crossover?
2/17/2014Mazda Motor Corp. will add a subcompact crossover to its Japan lineup later this year, according to The Nikkei, which cites no sources.
Snow Storms Slow Car Production in Japan
2/17/2014Some of the worse snowfall in 50 years cut of supplies to nine Japanese assembly plants on Monday, forcing them to suspend operations, the Financial Times reports.
Fiat Cites Cap to Its Access to Chrysler’s Cash
2/17/2014Fiat SpA's acquisition of Chrysler Group LLC in January gives the Italian company badly needed access to the American carmaker's more than $14.6 billion (€10.7) in cash.
UAW Looks for Plan B After Failing Vote at VW Plant
2/17/2014The United Auto Workers union vows not to give up after workers at Volkswagen AG's 3-year-old factory in Chattanooga, Tenn., voted down UAW representation 712 to 626 late Friday.
VW Scirocco Debuts with New Engine Lineup
2/17/2014Volkswagen AG plans an August debut in Europe for its refreshed Scirocco sport coupe.
UAW Regroups After Failing to Organize VW Plant
2/17/2014The United Auto Workers union says it may alter its tactics, but it vows not to give up after workers at Volkswagen AG's three-year-old factory in Chattanooga, Tenn., voted down UAW representation 712 to 626.
Pay for British Auto Workers Shrinks
2/17/2014The U.K.'s auto industry is booming, but its hourly workers are not benefiting from the recovery, according to a Financial Times analysis.
Ghosn Says Renault Would Suffer if PSA Falters
2/17/2014CEO Carlos Ghosn tells Luxemburg's RTL radio that Renault SA has "absolutely no interest" in seeing rival PSA Peugeot Citroen get into serious trouble.