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News watch December 2012: today's auto industry news
Mon, 31 Dec 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Monday 31 December 2012• Despite reports earlier this month that shareholders valued Mercedes-Benz at half that of its luxury rival BMW, Mercedes CEO Dieter Zetsche has remained bullish about his ambitious targets for the carmaker's growth. 'I am confident that we will be ahead of our rivals by 2020 at the latest,' he told German newspaper Boersen-Zeitung in an interview.
Peugeot 308 facelift (2011) first official pictures
Mon, 07 Feb 2011It's facelift time for the Peugeot 308. The 2011 mid-life fillip brings a modest refresh, with tweaked engines, the promise of emissions as low as 98g/km of CO2 and a raft of minor styling and spec enhancements. Although this is a minor facelift, the 308 is easily spotted by its new-era Peugeot look.
Fiat and Chrysler to completely merge?
Sun, 06 Feb 2011Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.