The Carlovers Magazine

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• Bugatti Veyron Grand Sport crashes into own driveway
• 2012 Ford Fiesta customisation packages for US market
• PSA Details Production Cuts Due to Japan Earthquake
• Ghosn: 40 Japanese Suppliers Still Struggling
• Oil Prices Surge Above $105 per Barrel
• Daimler Names New Chief for U.S. Smart Unit
• Rieter to Spin Off Auto Operations
• Toyota-PSA Venture See No Growth in Production This Year
• UAW Plans Talks with Fiat’s Unions
• Subaru Names New Chief in U.S.

Bugatti Veyron Grand Sport crashes into own driveway Posted:   Typically, the owner of this rather sorry-looking Bugatti Veyron Grand Sport lives in the south of France – near Monte Carlo and Nice in Saint-Tropez – in one of those exclusive villas that sprouts out over the French Riviera. Unfortunately, the owner doesn’t spend enough time at the Villa and isn’t aware of the gate [...]

2012 Ford Fiesta customisation packages for US market Posted:   Ford US has added three additional customisation packages to its 2012 Ford Fiesta range in an attempt to attract more buyers who are looking to make their car one of a kind. Personalisation is an enormous selling point for Ford in the US, with 40 percent of Fiesta customers purchasing at least one item from [...]

PSA Details Production Cuts Due to Japan Earthquake Posted: PSA Peugeot Citroen SA says it has cut production by at least 40% at plants in Vigo, Spain; Aulnay and Poissy, France; and Trnava, Slovakia, after running short of Japanese electronic components used in its diesel engines. Similar shortages have reduced output by about 20% at PSA's factory in Mulhouse, France. [...]

Ghosn: 40 Japanese Suppliers Still Struggling Posted: Renault-Nissan CEO Carlos Ghosn says the effect of Japan's 11 March earthquake continues to affect production at about 40 of the country's auto parts suppliers. Ghosn tells Bloomberg News that Japan's carmakers have offered help through the Japan Automobile Manufacturers Association. He says electronics, plastics and rubber are in short supply. [...]

Oil Prices Surge Above $105 per Barrel Posted: Crude oil futures increased 78 cents per barrel yesterday on the New York Mercantile Exchange to settle at $105.75, a new 30-month closing high. Traders are adjusting to the possibility of a prolonged interruption of oil exports from Libya as coalition forced continue to bomb forces loyal to Col. Muammar Qaddafi. [...]

Daimler Names New Chief for U.S. Smart Unit Posted: Tracey Matura, currently general manager of strategic retail development at Daimler AG's Mercedes-Benz Cars unit, will take over as general manager of the company's Smart USA unit on 1 May. Matura succeeds Jill Lajdziak, who will continue in an unspecified assignment at Penske Automotive Group Inc. Penske introduced the Smart brand [...]

Rieter to Spin Off Auto Operations Posted: Switzerland's Rieter Holding AG plans to spin off its Rieter Automotive Systems division this spring as a company called Autoneum Holding AG. The group's textiles unit will continue to operate under the Rieter banner. Rieter hopes to complete the demerger in April and list Autoneum on Switzerland's SIX Swiss [...]

Toyota-PSA Venture See No Growth in Production This Year Posted: Toyota and PSA's joint venture in the Czech Republic says its output, which fell 11% to 295,700 units last year, will remain unchanged this year and increase by an unspecified amount in 2012. The venture, Toyota Peugeot Citroen Automobile Czech, makes the Citroen C1, Peugeot 107 and Toyota Aygo city [...]

UAW Plans Talks with Fiat’s Unions Posted: The United Auto Workers union tells Bloomberg News it will meet with Fiat SpA's Italian unions in June. Fiat has management control and a 25% stake in Chrysler Group LLC. Fiat has won concessions from its five unions in Italy by threatening to move production out of the country is workers [...]

Subaru Names New Chief in U.S. Posted: Fuji Heavy Industries has named Takeshi Tachimori as president, chairman and CEO of its Subaru of America unit. His assignment begins on 1 April. Tachimori currently is a senior vice president at Fuji Heavy and chief general manager of Subaru's product and portfolio planning group. He was manager of quality assurance [...]

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