Author: Automotive News n Feed

SUVs, overtaking sedans as the new American family car, have been so hot that automakers raced to supply the market. With inventory now piling up, profit-sapping rebates are on the rise.

GM and PSA are discussing a valuation for GM’s Opel unit of about $2 billion as the automakers push to reach an agreement as soon as the end of next week, sources told Bloomberg.

A takeover of GM’s European arm, Opel, by PSA would make sense from an industrial point of view, a German newspaper reported, citing comments by Opel CEO Karl-Thomas Neumann in a letter to employees.

A takeover of GM’s European arm, Opel, by PSA would make sense from an industrial point of view, a German newspaper reported, citing comments by Opel CEO Karl-Thomas Neumann in a letter to employees.

Cooper-Standard Holdings said fourth-quarter net income rose 43 percent to $31.1 million. Sales improved 2.4 percent to $875.4 million.

PSA’s bid to create a European auto giant by acquiring GM’s European unit may be the best chance Peugeot, Citroen and Opel have to thrive as high-volume, low-margin manufacturers.

UAW plans ‘Buy American’ ad push; At AN Canada Congress: Magna CEO on danger of not keeping NAFTA, Aston chief warns of business shift to China, Korea; Assuring Opel’s independence.

General Motors will make available its electric-car technology to PSA if a deal to sell GM’s Opel/Vauxhall business to the French automaker goes through, a German magazine reported.

France says it will evaluate the proposed sale of General Motors’ Opel division to PSA in close daily consultation with the German and UK governments after saying it too learned of the announcement in the press.

Audi dealers in China are demanding 28 billion yuan ($4 billion) to cover losses over the past three years that they blame on the automaker adding too many distributors, potentially worsening a sales decline that saw BMW and Mercedes overtake the…