ANE DAILY: BMW boosts profit, names new bosses for key jobs; VW plans 60% output rise in China; Daimler seeks more cost savings at Mercedes

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DAILY NEWSLETTER March 14, 2013 Follow Us:

EDITOR'S NOTE: We're in the process of upgrading our email system. Look for an email in the next week and follow the instructions to make sure you continue to receive this newsletter. If you notice that you're not getting your newsletters, please check your Junk folder. Thanks for your patience during this transition. BMW 2012 profit gains as China demand offsets Europe drop FRANKFURT (Bloomberg) -- BMW Group reported a 3.5 percent gain in 2012 profit as demand for the new 3-series sedan in China and the United States more than offset a market downturn in ...  story  Published: March 14, 2013 12:49 European Central time / Last changed: March 14 13:30 CET BMW names ex-Audi sales chief Schwarzenbauer boss of Mini, Rolls Automaker picks Krueger to head production after Arndt leaves for health reasons MUNICH -- BMW Group has hired Peter Schwarzenbauer, the former Audi sales chief, as part of an effort to tighten its grip on the premium segment's top spot. Schwarzenbauer, 53, will be ...  story  Published: March 14, 2013 14:26 European Central time VW targets 60% rise in China production by 2018 WOLFSBURG (Bloomberg) -- Volkswagen Group plans to increase production 60 percent by 2018 in China, where the German company's earnings last year rose by more than 40 percent. Capacity in ...  story  Published: March 14, 2013 12:04 European Central time

Automotive News Europe's top 5 news stories of the week 1. Audi counts on SUVs to drive past BMW 2. Henrik Fisker resigns as executive chairman of Fisker Automotive 3. BMW set to hire former Audi sales chief Schwarzenbauer 4. PSA streamlines top management after two executives step down 5. Renault ends work on Mercedes-based flagship sedan   Daimler will avoid forced firings as it seeks savings at Mercedes FRANKFURT (Bloomberg) -- Daimler will avoid forced job cuts as it reduces costs at Mercedes-Benz to keep pushing toward its goal of overtaking BMW in sales and profit.  story  Published: March 14, 2013 06:01 European Central time Germany said to make new offer over EU-Daimler coolant dispute BRUSSELS (Reuters) -- Germany has written to the EU with a new set of proposals aiming to break a deadlock over a law requiring carmakers to stop using extremely potent greenhouse gases ...  story  Published: March 14, 2013 06:01 European Central time Porsche SE reports surge in net income on sale of auto unit BERLIN (Bloomberg) -- Porsche Automobil Holding SE, Volkswagen Group's largest shareholder, reported a surge in 2012 net income after selling the remainder of its automaking business to ...  story  Published: March 14, 2013 06:01 European Central time Serbia cranks up Fiat 500L output KOPAONIK, Serbia (Reuters) -- The Serbian unit of Fiat plans to produce between 110,000 and 160,000 of its new 500L family of compact cars for Europe and the United States this year, a ...  story  Published: March 14, 2013 06:01 European Central time Audi, BMW, Mercedes look for edge with virtual showrooms LONDON -- Audi has opened the second of 20 planned digital showrooms designed to impress urban customers with an interactive experience that goes well beyond the standard dealership fare ...  story  Published: March 14, 2013 06:01 European Central time Henrik Fisker resigns as executive chairman of Fisker Automotive Henrik Fisker, founder and executive chairman of struggling U.S. plug-in hybrid vehicle maker Fisker Automotive, has resigned. ...  story  Published: March 13, 2013 16:41 European Central time / Last changed: March 13 18:55 CET -- adds history CAR CUTAWAY Bosch, BorgWarner help cut CO2 in new Kia Cee'd With the help of powertrain technologies from suppliers including Robert Bosch and BorgWarner, the second-generation Kia Cee'd has improved its fuel efficiency compared with the previous- ...  story  Published: Mar 14 12:01 am U.S. Eastern time AUTOMOTIVE NEWS EUROPE CONGRESS Learn how to thrive in tough times Europeans hit hard by austerity are turning to low-cost vehicles like never before. That's why Dacia, the entry brand owned by Renault, increased new-car sales by 9 percent in January in ...  story  Published: March 11, 2013 06:01 European Central time

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