Fiat SpA plans to begin making Jeep sport utility vehicles in China, the largest market for the brand outside the U.S., by late 2015 after reaching an agreement with local partner Guangzhou Automobile Group Co.
European car sales advanced a seventh consecutive month as new models to replace aging vehicles and an economic rebound in the U.K. boosted demand at Renault SA, Ford Motor Co. and PSA Peugeot Citroen.
Maserati will probably increase production and add the Alfieri sports car to its lineup after advance sales at the upscale Italian brand have almost tripled over 2013’s deliveries, people familiar with the matter said.
Daimler AG, the world’s third- biggest maker of luxury cars, will receive 2.43 billion euros ($3.36 billion) for the 50 percent stake in an engine joint venture that it’s selling to partner Rolls-Royce Holdings Plc.
Bayerische Motoren Werke AG, the world’s largest maker of luxury vehicles, has increased production of the i3 electric city car 43 percent to meet demand that has exceeded the carmaker’s initial expectations.
PSA Peugeot Citroen, Europe’s second-largest carmaker, will cut its lineup by almost half and turn the Citroen unit’s DS badge into a separate premium brand in a bid to return the automotive division to profitability.