NEWS

U.S. Unit of Spain’s Santander to Hold IPO

7/9/2013

Santander Consumer USA Holdings Inc., the unit of Spain's Banco Santander SA that has formed Chrysler Group LLC's quasi-captive lending arm, has declared that it plans an initial public offering in the U.S.

PSA Deliveries Slide 10% in First Half

7/9/2013

PSA Peugeot Citroen sold 1.46 million vehicles worldwide in the January-June period of 2013 compared with 1.62 million units a year earlier.

Renault Might Finalize Chinese Venture This Month

7/9/2013

Renault SA expects to complete an agreement with Dongfeng Motor Group Co. later this month to form a long-awaited joint venture, China Business News reports.

Dongfeng, Renault Might Finalize Venture This Month

7/9/2013

Dongfeng Motor Group Co. and Renault SA expect to complete an agreement later this month to form a long-awaited joint venture, China Business News reports.

Dutch Safety System Maker Mobileye Prepares for IPO

7/9/2013

Amsterdam-based Mobileye NV, a maker of collision-avoidance technology, has sold $400 million (€311 million) in equity.

Safety System Supplier Mobileye Preps for IPO

7/9/2013

Amsterdam-based Mobileye NV, a maker of collision-avoidance technology, has sold $400 million in equity, thus allowing early investors to cash out and positioning the company for an initial public offering within a year.

Garmin Debuts Aftermarket Head-Up Display

7/9/2013

This summer Garmin International Inc. aims to introduce a $130 aftermarket kit that enables drivers to display navigational information from a smart phone on a head-up screen they stick to their windshields.

France Blocks Mercedes Cars that Use Banned Refrigerant

7/9/2013

The French government is refusing to register some of Daimler AG's passenger cars because their air-conditioning systems use R134a, a refrigerant banned by the European Union since January.

Nissan Reveals Sketch of New Datsun Model

7/9/2013

Nissan Motor Co. has unveiled drawings of the first model planned for its revived Datsun brand.

BMW Outsells Global Luxury Rivals in First Half

7/9/2013

BMW AG's namesake brand delivered 954,500 vehicles from January through June this year to remain the world's luxury car sales leader.