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Bollore said to win French backing as interim Renault CEO

Nov. 20, 2018 16:42 CET

Renault Chief Operating Officer Thierry Bollore has won the backing of the French government to become interim CEO following Carlos Ghosn's arrest over allegations of financial impropriety, sources told Bloomberg.
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■ Questions swirl around Ghosn's property deals
■ Separating Renault-Nissan would be bloody
■ Ghosn faces 10-year jail sentence if convicted of financial misconduct
■ Nissan expands Ghosn probe to include Renault alliance, report says
■ Nissan expands Ghosn probe to include Renault alliance, report says

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TALK FROM THE TOP
VW brand COO outlines his plans for Europe's top automaker
Nov. 20, 2018 12:44 CET

Volkswagen brand is readying the launches of a raft of new products in Europe including the new Golf and the T-Cross small SUV. Chief Operating Officer Ralf Brandstaetter ...

 

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Bentley's hit from WLTP tests 'close to catastrophic,' CEO says
Nov. 20, 2018 12:47 CET

Bentley was too slow to ready its cars for Europe's new WLTP testing regime, causing problems that were "close to catastrophic," CEO Adrian Hallmark said. ...

 




 
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McLaren CEO says draft Brexit deal gives certainty
Nov. 19, 2018 12:33 CET

The draft Brexit agreement between the UK and the EU gives certainty to British business whilst no deal would hinder free trade, McLaren CEO Mike Flewitt said. ...

 

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VW aims to catch up with Waymo's headstart on autonomous cars
Nov. 18, 2018 11:46 CET

VW is up to two years of development work behind Alphabet's Waymo in the area of self-driving cars but is committed to catching up, CEO Herbert Diess told a German newspa ...

 

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AUTOMOTIVE NEWS EUROPE MONTHLY MAGAZINE
How high-end SUVs are shaking up ultraluxury sales
Nov. 17, 2018 06:01 CET

Ultraluxury automakers including Ferrari, Rolls-Royce and Aston Martin are gambling they can keep their exclusivity while increasing production and breaking into new mark ...

 

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Germany's Varta steps up plans to mass produce EV battery cells
Nov. 19, 2018 15:15 CET

German battery maker Varta has sealed a research agreement to lay the groundwork for mass production of lithium ion battery cells for EVs as it seeks to take on Asian lea ...

 

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Musk reopens door to Daimler with vow to inquire on electric van
Nov. 19, 2018 19:58 CET

Elon Musk floated the idea of working with a familiar ally on electric work vans after being guilt-tripped on Twitter for using fuel-burning vehicles to service Tesla mod ...

 

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Maserati seeks to reverse sales, profit slide after being treated 'almost like a mass-market brand'
Nov. 17, 2018 06:01 CET

Fiat Chrysler's slumping Maserati business is a headache for new CEO Mike Manley after the brand's profitability and vehicle sales went into a steep slide. Manley has bla ...

 

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VW increases spending on new tech by $11 billion to speed overhaul
Nov. 16, 2018 14:51 CET

VW Group is significantly raising investment plans for the next five years in the race to keep up with the shift to electric and self-driving cars, as well as new service ...

 

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Ex-Bosch engineers seek to make self-driving cars safer
Nov. 16, 2018 10:16 CET

A company formed by two veteran Bosch engineers is seeking to make the open-source software that powers many experimental self-driving cars safe and reliable enough to be ...

 

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Ineos to decide on location to build new off-road vehicle by year-end
Nov. 16, 2018 16:30 CET

Petrochemicals company Ineos said it will decide on the manufacturing location for its new off-road vehicle, currently in design and development, by the end of the year a ...

 

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Aston Martin's quarterly profits leap tenfold as sales double
Nov. 15, 2018 11:12 CET

Aston Martin's quarterly profit before tax rose tenfold increase as the newly listed automaker continues a growth plan which saw its sales volumes double in the three-mon ...

 

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Polestar targets China despite Tesla competition
Nov. 16, 2018 13:40 CET

Volvo's performance subbrand Polestar expects to get as much as half of its sales from China, but is not underestimating the stiff competition it faces from Tesla in the ...

 

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BMW preparing for no-deal Brexit because of political uncertainty
Nov. 15, 2018 20:55 CET

BMW said it was continuing to prepare for a no-deal Brexit, given uncertainty around Prime Minister Theresa May's deal after several of her ministers resigned in protest. ...

 

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BMW urges EU to consider 5G standard in cars
Nov. 15, 2018 12:21 CET

BMW is trying to persuade the EU to support the use of 5G technology in cars while other automakers including VW and Renault support a Wi-Fi standard. ...

 

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Brose waits to see how EV market develops before committing itself
Nov. 20, 2018 06:01 CET

One of Europe's suppliers, Germany's Brose, is taking a conservative path in the EV market and focusing on other product areas. ...

 

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German court imposes diesel ban on western cities and autobahn
Nov. 15, 2018 16:30 CET

A German court ruled that North Rhine-Westphalia must ban older diesel vehicles from the cities of Gelsenkirchen and Essen, including part of the A40 autobahn. ...

 

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PSA said to mull closing Vauxhall factory post-Brexit
Nov. 15, 2018 20:59 CET

Two UK factories may be too many for British automaker Vauxhall, whose owner PSA is weighing its options in case of a dip in car demand post-Brexit. ...

 

Johnson Controls exits the auto industry
Nov. 19, 2018 06:01 CET

Johnson Controls exits the industry stage to return to its 135-year-old roots of focusing on climate control systems for buildings. ...

 

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OCTOBER SALES
VW, FCA, Renault hit hard as Europe sales fall 7% in WLTP's wake
Nov. 15, 2018 10:31 CET

VW Group, Fiat Chrysler and Renault were among the biggest losers last month as Europe car sales fell 7 percent following the introduction of a new testing regime in Sept ...

 

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Ford open to investors in autonomous vehicles but cautious on VW, Hackett says
Nov. 15, 2018 12:06 CET

Ford CEO Jim Hackett says the automaker is open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with ...

 

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Ford's blueprint to turn self-driving tech into profits
Nov. 15, 2018 12:00 CET

Just because Ford doesn't have plans to launch a commercial business with autonomous vehicles until 2021 does not necessarily mean the company is behind, argues Sherif Ma ...

 

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Audi's Brazil chief criticizes country's closed market
Nov. 14, 2018 14:41 CET

Mexico is a "marvelous place to make vehicles" with bilateral accords with almost the entire world, while Brazil is a closed market that should be opened to avoid collaps ...

 

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Daimler will open second r&d center in China to accelerate localization
Nov. 14, 2018 11:24 CET

Daimler plans to invest 1.1 billion yuan ($158.23 million) in a second research and development center in Beijing to help accelerate localization of Mercedes vehicles in ...

 

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France increases subsidies for low-income motorists to swap old cars for newer, less polluting models
Nov. 14, 2018 10:49 CET

The French government will double the 2,000-euro bonus granted to motorists on low incomes who change old-model cars for newer ones. ...

 

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McLaren moves parts production to UK in reverse of Brexit trend
Nov. 14, 2018 09:31 CET

McLaren is bringing more work from mainland Europe to the UK as it opens a composite-parts factory in northern England, bucking a trend among automakers to shift output o ...

 

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PSA plans to cut production at Spanish plant on falling sales in Turkey, Argentina
Nov. 14, 2018 11:55 CET

PSA is seeking to eliminate a production shift at its factory in Vigo, Spain, to counter falling demand for its Peugeot 301 and Citroen C-Elysse models. ...

 

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VW mulls moving Passat production to Skoda plant in Czech Republic, report says
Nov. 14, 2018 17:27 CET

VW Group may move production of the VW Passat to a Skoda plant in the Czech Republic as part of a wider factory shake-up to accommodate electric cars, a German press repo ...

 

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Aston Martin SUV is 'thing of beauty,' CEO Palmer says; DBX name confirmed
Nov. 14, 2018 06:01 CET | UPDATED: Nov. 14 10:11 CET - adds video

Aston Martin confirmed the DBX name for its first SUV, which CEO Andy Palmer said will be the most beautiful ultraluxury crossover on the market. ...

 

    
 
Why horsepower needs to be retired

Christiaan Hetzner
12:01 am U.S. ET | Nov. 7 2018

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With the mass-market introduction of electric vehicles it is time to think less of horsepower and mo ...
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VW distances itself from IPO speculation

Christiaan Hetzner
6:07 am U.S. ET | Oct. 31 2018

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VW has backed away from recent speculation sparked by its Porsche brand that the group might spin-of ...
 Read More ›

Daimler loses complicated, costly refrigerant battle

Christiaan Hetzner
3:00 pm U.S. ET | Oct. 19 2018

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Daimler's profit warning, its second this year, brought back an old issue many might have forgotten: ...
 Read More ›

Why Porsche's CFO calls Germany's digital infrastructure a 'catastrophe'

Christiaan Hetzner
12:01 am U.S. ET | Oct. 19 2018

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Porsche's CFO and IT boss says that Germany's digital infrastructure "is an absolute catastrophe" th ...
 Read More ›

Will Jaguar go EV-only?

Jay Ramey
12:01 am U.S. ET | Oct. 17 2018

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Under a strategy being considered by company leaders, the British luxury marque would replace its conventional vehicles with battery-electric models over the next five to... ...
 Read More ›

German automakers' opposition to CO2 goal may backfire

Christiaan Hetzner
4:03 am U.S. ET | Oct. 11 2018

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German-led efforts to water down calls for a 40 percent cut in new-car CO2 emissions by 2030 may hav ...
 Read More ›

Daimler should consider Porsche exec as next finance chief

Christiaan Hetzner
8:29 am U.S. ET | Oct. 9 2018

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Lutz Meschke, Porsche's finance chief has done a remarkable job at the automaker, ensuring double-di ...
 Read More ›

How women are tackling the industry's glass ceiling

Peter Sigal
7:28 am U.S. ET | Oct. 5 2018

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To say that the automotive industry is male-dominated is an understatement. ...
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Why China is by far the world's largest market for full-electric cars

Luca Ciferri
12:01 am U.S. ET | Oct. 5 2018

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China is the largest market for EVs in the world after finding the simple formula for success: Combi ...
 Read More ›

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VW, FCA, hit hard as Europe sales fall 7%
VW Group, Fiat Chrysler and Renault were among the biggest losers last month as Europe car sales fel ...
 Read More ›
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VW, FCA, Renault hit hard as Europe sales fall 7% in WLTP's wake
VW Group, Fiat Chrysler and Renault were among the biggest losers last month as Europe car sales fel ...
 Read More ›
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Russia sales rise 8% in Oct. as Mitsubishi, Skoda, VW lead gains
New-car sales in Russia rose 8 percent in October, with Mitsubishi, Skoda, and VW leading gains amon ...
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Forecast for W. Europe 2018 sales cut on new emissions rules
LMC consulting firm cut its forecast for full-year registrations in western Europe as the implementa ...
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Italy sales down 7%; diesel plunges 27 percent
Diesel's market share in Italy fell to 44 percent — the lowest since March 2010 — from ...
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German sales fall 7% but WLTP slide slows
German registrations fell at a slower pace in October as Europe's biggest market stabilized followin ...
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UK sales drop 3% on continued diesel uncertainty
UK registrations fell 3 percent in October on the uncertainty of future diesel policy and issues sur ...
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Spanish sales slide slows to 7% as WLTP distortion wears off
Registrations in Spain declined nearly 7 percent in October, a smaller drop than the 17 percent in S ...
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French sales decline slows post-WLTP
New-car sales in France fell by 1.5 percent in October to 173,802 following several months' disrupti ...
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VW, FCA, Renault take sales hit in Europe on WLTP
VW Group, Fiat Chrysler and Renault were among the biggest losers as Europe car sales fell 23 percen ...
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How high-end SUVs are shaking up ultraluxury sales
Ultraluxury automakers including Ferrari, Rolls-Royce and Aston Martin are gambling they can keep th ...
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LCVs poised to gain from electric push, but costs, range remain risks
Automakers are expanding their lineups of electrified light commercial vehicles as lawmakers impose ...
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New arrivals from Volvo, Jaguar, BMW propel premium compact SUV sector
Europe's premium compact SUV category is experiencing a breakthrough year in terms of sales as new m ...
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Europe's crossover craze drives market gains
SUVs and crossovers accounted for one-third of European sales through June for the first time. Their ...
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Peugeot, Toyota commit to midsize sector despite slump
Peugeot and Toyota are the latest automakers to commit to Europe's volume midsize segment despite cu ...
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European electric-car sales growth slowed in first half
Sales growth of electric cars slowed across the EU's major markets during the first half because of ...
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CNG car sales set to rise on tougher emissions rules
European demand for cars powered by compressed natural gas has shown signs of life after a half-deca ...
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Europe's small SUV sales projected to 'grow like crazy'
European sales of small SUVs are poised to surge beyond the segment's typically strong growth, as ne ...
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Premium automakers add drivetrains, body styles to stabilize midsize sales
Europe's premium automakers are diversifying drivetrain and body style choices in the core midsize s ...
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Daimler Financial gets new Europe boss
Peter Zieringer, CEO of Mercedes-Benz Financial Services USA, will leave his post to lead Daimler Fi ...
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Renault recruits consumer goods veteran as global marketing chief
Renault has appointed former Unilever executive Francois Renard as global marketing director, replac ...
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Maserati recruits new sales chief from Ferrari
Maserati has shaken up its leadership team, recruiting a sales chief from Ferrari and appointing a n ...
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Tesla picks Australian telecoms exec to replace Musk as chair
Tesla chose Robyn Denholm to succeed Elon Musk as board chair, selecting an independent director to ...
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Ford of Europe names electrified vehicles boss
Ford named company veteran Steve Hood to head its electrified business in Europe as the company prep ...
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PSA's DS brand names new product chief
PSA's DS upscale brand appointed Marion David as product director, succeeding Eric Apode, who had he ...
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Continental hires Byton's Abendroth as chief tech officer
Continental has named Dirk Abendroth, a former BMW executive now employed at Chinese automaker Byton ...
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Mazda Europe promotes veteran styling exec to design boss
Mazda Europe has named Jo Stenuit to replace Kevin Rice as it new design boss. ...
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Hyundai promotes European premium brand veterans to top posts
Hyundai promoted former BMW executive Thomas Schemera to lead product planning for autonomous cars, ...
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Renault names veteran exec to head new sales & regions unit
Renault has appointed Olivier Murguet to the newly created post of executive vice president, sales a ...
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Tarraco gives Seat a flagship SUV to help retain wealthy buyers
The Seat Tarraco gives the brand an upmarket model that will compete at the high end of Europe's fas ...
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VW accelerates SUV push with T-Cross
VW accelerated its push into the booming SUV segment with the T-Cross, a small car that will compete ...
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Hyundai taps growing EV market with Kona SUV
The Hyundai Kona Electric SUV is off to a fast start in Europe as it is the first battery-powered mo ...
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Audi enters electric era with e-tron crossover
Audi hopes the 400-plus-km range of its new e-tron electric crossover and the vehicle's reproducible ...
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Ferrari Monza supercars will earn $755 million in revenue
Ferrari plans to sell 499 units of the Monza SP1 and SP2 supercars with a 1.6 million euro ($1. ...
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Ferrari's Icona retro line aimed at top of the market
Ferrari's limited-edition, retro-styled Monza supercars are part of the automaker's new Icona line. ...
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Peugeot touts Rifter's space and tech features
Peugeot has designed the new Rifter, the passenger variant of the automaker's small cargo van, to ap ...
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Ferrari seeks profit boost from retro-styled Monza
Ferrari's latest special-edition supercar will be called the Monza and will broaden the automaker's ...
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Seat counts on Tarraco to retain rich customers
Seat expects its new Tarraco flagship SUV to further boost the company's profitability by retaining ...
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Audi packs e-tron EV with interconnected features
The Audi e-tron will offer a 95-kilowatt-hour battery, full-time all-wheel drive and a host of inter ...
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