ANE DAILY: Europe car sales fall to 23-year monthly low; BMW's product expansion hits profits; Ghosn hopes China will rescue EV sales

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DAILY NEWSLETTER March 19, 2013 Follow Us:

EUROPEAN SALES Ford, GM and Fiat worst hit by 10% drop in European car sales in February Ford Motor Co., General Motors and Fiat were the automakers worst hit as European passenger car registrations fell 10 percent to 829,359 last month to their lowest February level for 23 ...  story  Published: March 19, 2013 10:34 European Central time COMPANY EARNINGS BMW forecasts flat 2013 profit on Europe decline MUNICH (Bloomberg) -- BMW forecast unchanged 2013 pretax profit as European auto sales drop and the automaker increases spending to bring out 25 new models in the next two years.  story  Published: March 19, 2013 11:34 European Central time ELECTRIC CARS Renault CEO Ghosn clings to China for electric car boost CASCAIS, Portugal (Reuters) -- China will save the electric car, Renault-Nissan boss Carlos Ghosn predicts - and with it the vision of battery-powered motoring on which he has staked his ...  story  Published: March 18, 2013 19:10 European Central time

ELECTRIC CARS BMW details driving range of i3 EV MUNICH -- BMW says its i3 electric compact model can cover up to 220 kilometers (136 miles) on a single battery charge, which can be extended up to 350 kilometers using an optional range ...  story  Published: March 19, 2013 13:32 European Central time PSA reaches deal with majority of French workers on restructuring PARIS -- PSA/Peugeot-Citroen has struck a deal with French unions over plans to reduce its headcount in the country by 17 percent.Five unions, ...  story  Published: March 19, 2013 06:01 European Central time Volvo said to win China approval to begin local car production BEIJING (Bloomberg) -- Volvo Cars has won the approval of China's main industry planner to begin making vehicles in the country, three people familiar with the matter said.  story  Published: March 19, 2013 07:04 European Central time NEW PRODUCT Suzuki expects a big sales boost from larger SX4 LONDON -- Suzuki expects a sales boost for its SX4 crossover after moving the car into a larger segment.The new SX4 will compete against models such ...  story  Published: March 19, 2013 13:53 European Central time COMPANY EARNINGS McLaren Automotive will post 2012 loss but is positive on future earnings LONDON -- McLaren Automotive will be profitable next year after posting a pre-tax loss for the year ending March 31, Managing Director Mike Flewitt said.  story  Published: March 19, 2013 13:25 European Central time EDITOR'S NOTE: Automotive News recently changed its email address. Add our address to your Safe Senders list to ensure you continue to get all of our newsletters. Click here for easy instructions.     Automotive News Europe's top 5 news stories of the week 1. VW profit lead over Toyota under threat as demand wobbles 2. Norway shows the way with EVs, but at what cost? 3. VW to recall vehicles in China on complaints about gearbox 4. Good outweighs bad in Renault Zoe EV 5. Ghosn favors incentives to revive Europe car demand

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