ANE DAILY: Winterkorn open to adding more brands; Porsche predicts flat 2013 profit; VW, BMW see difficult times ahead

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DAILY NEWSLETTER March 15, 2013 Follow Us:

EDITOR'S NOTE: We're 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. Winterkorn open to further VW acquisitions WOLFSBURG (Reuters) -- Volkswagen Group remains open to making further acquisitions, though the German group has its work cut out integrating its 12 brands, CEO Martin Winterkorn said.  story  Published: March 15, 2013 06:01 European Central time Porsche hopes to match last year's 2.4 billion euro profit in 2013 Automaker will add 250 dealerships by 2018 STUTTGART -- Porsche AG is aiming to match last year's profit in 2013, the company said on Friday. In 2012, Porsche posted an operating profit of 2.44 billion euros ($3.17 billion), an ...  story  Published: March 15, 2013 11:34 European Central time VW, BMW predict 'difficult' 2013 on Europe slump, China slowdown FRANKFURT (Bloomberg) -- Volkswagen Group and BMW Group predicted a "difficult" 2013 as the European auto market contracts, vehicle prices in the region drop and growth in China slows.  story  Published: March 15, 2013 06:01 European Central time

Automotive News Europe's top 5 news stories of the week 1. Audi, BMW, Mercedes look for edge with virtual showrooms 2. VW targets 60% rise in China production by 2018 3. Daimler will avoid forced firings as it seeks savings at Mercedes 4. Serbia cranks up Fiat 500L output 5. BMW names ex-Audi sales chief Schwarzenbauer boss of Mini, Rolls   PSA mirrors VW, readies megaplatform to cut costs PSA/Peugeot-Citroen is planning to produce its compact, mid-sized and SUV models on a common platform that also is likely to underpin models made by alliance partner General Motors.  story  Published: March 15, 2013 06:01 European Central time PSA sells BNP stake for 177 million euros to boost financing (Bloomberg) -- PSA/Peugeot-Citroen sold its stake in French bank BNP Paribas SA for about 177 million euros ($229 million) to boost financing as part of a restructuring at Europe's second- ...  story  Published: March 15, 2013 06:01 European Central time VW shares worth 929 million euros put on sale by Deutsche Bank BERLIN (Bloomberg) -- Deutsche Bank AG put on sale a block of about 5.8 million Volkswagen AG preferred shares for as much as 929 million euros ($1.21 billion) in an accelerated ...  story  Published: March 15, 2013 11:04 European Central time Photo of new Range Rover Sport leaked online An image of the new-generation Range Rover Sport appeared Wednesday on Facebook community page VMax 200. The page has since been removed.Land Rover ...  story  Published: March 14, 2013 06:01 European Central time Opel is 'in attack mode,' will survive, says CEO Neumann GENEVA -- New Opel CEO Karl-Thomas Neumann says he can revive the beleaguered European brand and stem its persistent losses -- with plenty of help from parent company General Motors.  story  Published: March 15, 2013 06:01 European Central time Girsky irked by Europe's chilly reception for plug-in General Motors Vice Chairman Steve Girsky isn't happy with the lukewarm reception the Opel Ampera plug-in hybrid has received in Europe. "All the governments in Europe said, 'We want ...  story  Published: March 15, 2013 06:01 European Central time Europe's sales disaster is deja vu for GM's Docherty GENEVA -- Susan Docherty, head of Chevrolet and Cadillac in Europe, is girding for an industry sales slide of 6 percent this year atop last year's 8 percent drop. She's seeing car ads ...  story  Published: March 15, 2013 06:01 European Central time XL1 coupe paves the way for VW plug-in hybrids GENEVA -- The debut of the Volkswagen XL1, touted by VW as the world's most fuel-efficient production car, marks VW's entry into the plug-in hybrid market. Volkswagen Group has ...  story  Published: March 15, 2013 06:01 European Central 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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