PSA Peugeot Citroen, Europe’s second-largest automaker, has lined up $7 billion in loans for its financing division to help move vehicles including the popular Citroen C3, shown here. See this news and more in today’s Executive Briefing.
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+ Ford will add 2,200 salaried workers in product development, manufacturing, and information technology in 2013. More here at The New York Times.
+ In Detroit, Chevrolet has formally unveiled the 2014 Corvette to the global automotive media. More right here at Mac’s Motor City Garage.
+ PSA Peugeot Citroen has arranged $7 Billion in loans to shore up its auto financing division. More here at Bloomberg,com.
+ Auto production in Michigan rose to 2.26 million units in 2012, contrasting with 1.12 million vehicles in 2009,.the worst year in decades. More here at The Detroit News.
+ Kevin Swindell, son of dirt legend Sammy Swindell, won the Chili Bowl Midget Nationals in Tulsa, Oklahoma for the fourth straight year. More here at National Speed Sport News.
+ Daimler AG may take a 10 to 20 percent stake in the passenger car division of its Chinese manufacturing partner BAIC Group. More here at Reuters.
+ Due to falling demand in Europe, Honda will eliminate 800 jobs at its UK Swindon plant where Civic, Jazz, and CR-V models are assembled. More here at the BBC News.
+ Guido Forti, team principal of Forti Corsi, one of the last true privateer Formula One operations in the 1990s, has passed away at 72. More here at Yahoo! Sport UK.
For the previous Executive Briefing from Jan. 11, click here.