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Apr 18, 2013

CARMAKERS NEWS * WORLDWIDE

* France - Peugeot unveils special-edition 208 to take on Pikes Peak

 (Photo: Peugeot's 208 T16)
Paris,France -Gizmag, by Angus MacKenzie -April 17, 2013: -- Peugeot has released the first pictures of its special-edition 208 T16 to be entered into the Unlimited division of this year's Pikes Peak hill-climb. For those unfamiliar, Colorado’s Pikes Peak Hill climb is the second oldest auto race in the US and takes place over a 12.4-mile mountain course with 156 turns of varying sharpness and difficulty... Not only do drivers have to worry about flinging themselves into the abyss, they also need worry about decreasing oxygen, for man and machine, as they climb from 9,390 feet up to the summit at 14,110 feet. The current record stands at 9:46.164 by one Rhys Millen in 2012 in a highly modified Hyundai Genesis Coupe in the Time Attack division... The car, that once resembled a regular Peugeot 208, will compete in the Unlimited Division class, so long as it passes its safety inspection that is...
* USA / France - GM, Peugeot alliance moving at quick pace - Linkup 'accelerated' given Europe losses 

Detroit,MICH./Paris -USA/France -The Detroit News, by Melissa Burden-April 18, 2013: -- General Motors Co., a year into its alliance with PSA Peugeot Citroen, has written down its financial stake in the French automaker and the companies have scrapped plans to jointly develop a midsize car... The companies, however, have broadened the alliance to include co-developing a small, 3-cylinder gasoline engine and are exploring joint global projects in Latin America and Russia... Both GM and Peugeot believe the alliance, announced in late February 2012, will reach collective savings goals of $2 billion annually by 2017... An analyst says the alliance is moving at a quick pace, which is needed for the car companies that are bleeding losses in Europe as new car sales decline... GM lost $1.8 billion in Europe in 2012 and has piled up $18 billion in losses since 1999. The French carmaker lost $6.7 billion in 2012... The GM-Peugeot alliance will last at least 10 years and savings will be split about equally, the companies said... Michael Robinet, managing director of IHS Automotive Consulting in Northville, said it would be easier for GM and Peugeot if the companies weren't linked. But "their shared destiny is more assured together..."

* Japan - Toyota hybrid sales pass 5M

(Photo by Toshifumi Kitamura / Getty Images - Toyota workers assemble the hybrid Aqua in Kanegasaki, Japan. The Japanese automaker said Wednesday it has sold 5.125 million hybrid vehicles as of the end of March. It started selling the Prius in 1997) 
Tokyo,Japan -Associated Press/The Detroit News, by Yuri Kageyama -April 18, 2013: -- Toyota's global sales of gasoline-electric hybrid vehicles have surpassed 5 million in a milestone for a technology that was initially greeted with skepticism... The Japanese automaker, which said Wednesday it had sold 5.125 million hybrid vehicles as of the end of March, started selling the Prius, the world's first mass produced hybrid passenger car, in 1997. Gas-electric hybrids deliver fuel efficiency by switching back and forth between a gasoline engine and electric motor depending on speed and other driving conditions, and recharges as it travels... Toyota's hybrid vehicles now account for 14 percent of its global sales and 40 percent of its sales in Japan. Toyota Motor Corp. sells 19 hybrid passenger car models and one plug-in hybrid, and is promising 18 new hybrids...


* Germany - Daimler selling its stake in aerospace company 

Stuttgart,Germany -The Detroit News -17 April 2013: -- Daimler AG, the world's third-largest maker of luxury cars, will sell its stake in European Aeronautic, Defence and Space Co. in the next step of a restructuring of the Airbus SAS parent's ownership... Daimler will sell 61.1 million shares, equal to 7.5 percent of the total, the Stuttgart, Germany-based company said today. Toulouse, France-based EADS will acquire about 600 million euros ($791 million) of the stock to smooth the ownership revamp... Investors in Europe's biggest aerospace company last month agreed to change the shareholder structure, clearing the way for Daimler and Lagardere SA to exit their stakes, which the French media company did earlier this month. EADS's board has approved the repurchase of as much as 3.75 billion euros of stock...

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