Autos
Faurecia doubts Renault, PSA can go upmarket-paper
FRANKFURT, Feb 15 - France's two carmakers Renault and Peugeot Citroen will find it very difficult to move upmarket where there is greater pricing power and higher margins, said the chief executive of French supplier Faurecia.
Syrian forces attack Hama, Homs despite pressure to stop
AMMAN - Syrian government forces launched an offensive on the city of Hama early on Wednesday, firing on residential neighborhoods from armored vehicles and mobile anti-aircraft guns, opposition activists said. | Video
UPDATE 1-Peugeot eyes savings, asset sales on profit tumble
* To raise 1.5 bln eur in asset sales incl Gefco (Adds detail on results, asset sales)
Peugeot eyes savings, asset sales on profit tumble
PARIS, Feb 15 - PSA Peugeot Citroen raised its savings target and said it would sell assets including a stake in trucking unit Gefco to keep rising debt in check after its core auto division swung to a full-year loss.
VW plans to start EV production in China in 2014 - exec
BEIJING, Feb 14 - Volkswagen AG's two joint ventures in China plan to start making electric cars in 2014 and to ramp up to mass production by 2018, its China chief said on Tuesday.
Hyundai Heavy, affiliate win $1.1 bln in ship orders
SEOUL, Feb 14 - South Korea's Hyundai Heavy Industries Co Ltd said on Tuesday that it and an affiliate have won orders to build four liquefied natural gas (LNG) carriers and one LNG storage unit from European companies, worth a combined $1.1 billion.
Chrysler recalls police Chargers due to overheating
DETROIT, Feb 13 - Chrysler Group LLC, the smallest U.S. automaker, recalled nearly 10,000 Dodge Charger police vehicles built last year due to overheating issues that may lead to headlamp and brake failure.
Daimler Hungary plant starts test production
BUDAPEST, Feb 13 - German car maker Daimler AG's 800 million euro plant in eastern Hungary has started test production and is due to start regular operation by late March, the daily Nepszabadsag reported on Monday.
India's carmakers on fast track to capacity glut
MUMBAI - In the race for sales, India's carmakers may need to ease off the accelerator as they speed towards a head-on collision with a capacity glut.
Factbox: India's expanding car capacity
MUMBAI - Carmakers in India are spending billions of dollars to ramp up production capacity in Asia's third-largest economy, but as sales head toward a decline this year, the industry is speeding towards oversupply.
Euro, global shares rise as growth hopes trump Greece
LONDON - The euro started firmer and stocks gained as investors focused on the flood of money from major central banks which was seen supporting global economic growth and on hopes Greece would ultimately take the steps needed to secure its second bailout. | Video
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