Fiat is delaying the return of its Alfa Romeo brand to the United States until the second quarter of 2014, a Chrysler spokesman said. Sergio Marchionne, CEO of Fiat and Chrysler, told reporters in Detroit in January that the U.S. automaker would start selling the compact 4C sports car this year.
Volkswagen is stepping up efforts to reduce costs at its namesake passenger car brand to offset shrinking demand in its home region of Europe, where new-car sales are sliding to a 20-year low.VW sees the need for further belt-tightening over the coming months at all levels, in all departments, in all regions and at all plants, the company said.
Alfa Romeo has decided to launch a road bike, the ‘Alfa Romeo 4C IFD’, inspired by its lauded 4C sports car.
Volkswagen Group opened a new factory today in the southern Chinese province of Guangdong as it seeks to overtake Toyota Motor Corp. to become the industry’s biggest company by deliveries.
Opel will invest €130 million ($175.4 million) in its German engine and parts plant in Kaiserslautern to buy new tooling and machinery, the automaker said in a statement today.
