VW mulls new SUV for North America
German automaker Volkswagen is considering the introduction of a new midsize SUV model for the North American market, and its existing Tennessee plant is a contender for building it. Volkswagen CEO Martin Winterkorn says a decision on whether to build the new model will probably not be made before the end of the year. The vehicle would be positioned between VW's existing Tiguan and Touareg models.
— The Associated Press
Peugeot, GM agree to team up in Europe
Peugeot Citroen says it has agreed with General Motors to cooperate on four vehicle projects, as the French automaker seeks to get its struggling business back on track. Peugeot also will obtain 7 billion euros, or $9 billion, in state credit guarantees from the French government. The joint vehicles will include small- and mid-size cars and vans made by Peugeot and GM's Opel and Vauxhall units. The projects will be introduced starting in 2016, the two companies say.
— New York Times News Service