Western Europe

CHRISTIAAN HETZNER

BLOG: Piech gets his way by blocking Winterkorn as his successor

5:25 am U.S. ET | Sept. 4, 2015

Ferdinand Piech looks to have prevailed in the end. The former VW patriarch sparked a showdown with CEO Martin Winterkorn in April with the aim of preventing Winterkorn from succeeding him as chairman. Now Hans Dieter Poetsch, VW's finance chief, will take Piech's former role.... Read More »

Western Europe car sales rise 10% in August, boosted by Germany, UK, Spain

Sept. 4, 2015 13:58 CET

Western European car sales jumped 9.6 percent in August, boosted by buoyant demand in Germany, the UK and southern Europe, data from analysts LMC Automotive showed.... Read More »

CHRISTIAAN HETZNER

BLOG: Piech gets his way by blocking Winterkorn as his successor

5:25 am U.S. ET | Sept. 4, 2015

Ferdinand Piech looks to have prevailed in the end. The former VW patriarch sparked a showdown with CEO Martin Winterkorn in April with the aim of preventing Winterkorn from succeeding him as chairman. Now Hans Dieter Poetsch, VW's finance chief, will take Piech's former role.... Read More »

UK new-car sales rise 10%, helped by cheap financing deals

Sept. 4, 2015 11:58 CET

UK car sales jumped by nearly 10 percent in August as consumers took advantage of attractive financing deals that helped drive the 42nd consecutive month of sales increases.... Read More »

ANE's September e-magazine goes live Monday

Sept. 4, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Sept. 7. This month's edition examines how Audi, BMW and Mercedes have been able to boost their combined market share in Europe without hurting the profits or image.... Read More »

Former Saab CEO charged with giving false testimony

Sept. 2, 2015 16:44 CET

Former Saab Automobile CEO Jan Ake Jonsson was charged with giving false testimony when the aftermath of the Swedish automaker's bankruptcy played out in court.... Read More »

CHRISTIAAN HETZNER

BLOG: VW should strengthen oversight of CEO Winterkorn

9:55 am U.S. ET | Sept. 2, 2015

VW Group should strengthen oversight of CEO Martin Winterkorn, who is set to receive a two-year contract extension, by appointing Qatar Airways CEO Akbar Al Baker to its steering committee.... Read More »

German car sales rose 6% in August

Sept. 2, 2015 10:46 CET

German new-car registrations rose 6 percent in August, slowing from a growth rate of 7 percent in July. Germany joins France, Italy and Spain in reporting increased sales during a normally quiet month.... Read More »

Opel will launch online retail banking in Germany

Sept. 2, 2015 12:24 CET

Opel will push into online retail banking in Germany and use consumer deposits to broaden the base of its financing operation.... Read More »

Tesla names new Germany chief amid slow sales

Sept. 1, 2015 06:01 CET

Tesla named a new top executive in Germany, where the U.S. electric car maker is struggling to gain a foothold.... Read More »

French new-car sales rise 10% percent on extra selling day

Sept. 1, 2015 11:05 CET

French new-car sales rose 9.7 percent in August, traditionally a slow holiday month, boosted by an extra selling day. All major brands increased sales except Toyota and Ford.... Read More »

Spain's car sales jump 23% in 24th consecutive month of growth

Sept. 1, 2015 12:36 CET

Spanish new-car sales rose 23 percent in August in the best result for the month since 2009 and the 24th consecutive month of growth as the market benefits from a government-backed subsidy program.... Read More »

Top Renault exec sees European rebound continuing in second half

Sept. 1, 2015 11:23 CET

Renault's Chief Competitive Officer, Thierry Bollore, expects Europe's rebound to continue as the region's economy improves and drivers replace aging vehicles. Bollore discussed this outlook and the challenges facing Renault with Automotive News Europe.... Read More »

Europe sales advance 9% in July as economies rebound

Aug. 24, 2015 06:01 CET

European new-car registrations rose 9.1 percent in July as recession-hit countries such as Portugal and Ireland, along with the major markets of Germany, the UK, France and Italy, performed strongly.... Read More »

UK car output falls 11% as plants retool for new models

Aug. 20, 2015 11:34 CET

UK car production fell by 11 percent in July as changes to holiday patterns and upcoming new launches such as the Vauxhall/Opel Astra resulted in early annual shutdowns at some plants.... Read More »

2015 FRANKFURT AUTO SHOW

Kia gives Sportage sleeker look, upscale interior

Aug. 18, 2015 06:01 CET

Kia has given its Sportage a sleeker look and an upscale interior to help the model compete better in the tough compact SUV segment. The new Sportage will have Kia's "most refined, highest-quality cabin to date," the automaker said. The SUV will debut next month in Frankfurt.... Read More »

Former Porsche communications chief charged with aiding market manipulation

Aug. 17, 2015 16:17 CET

A German prosecutor charged Porsche's former communications chief, Anton Hunger, with aiding market manipulation related to the purchase of Volkswagen Group shares, after dropping identical charges against Porsche's supervisory board.... Read More »

Siemens CEO sees German car industry slowing in 2016

Aug. 17, 2015 06:01 CET

Germany's exporter-heavy auto industry could be poised for a slowdown next year as demand in foreign markets slows, Siemens CEO Joe Kaeser said in a newspaper interview. "I would not be surprised if we see a darkening in the automobile sector in 2016 or 2017," Kaeser said.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BLOG: Turin auto show reboot provides hope

12:01 am U.S. ET | Aug. 14, 2015

Many European cities have lost or downsized their auto shows in recent years because they cannot compete with Europe's Big Three. Despite this, there was a promising innovation in June in Turin.... Read More »

Fiat Chrysler poised to keep momentum after Ferrari spinoff

Aug. 14, 2015 17:22 CET

A recovering European car market, improving margins and well-received new models have made some analysts more bullish that Fiat Chrysler's shares will continue to rise even after it spins off Ferrari.... Read More »

German prosecutors drop case against Porsche board

Aug. 14, 2015 18:20 CET

German prosecutors have dropped a case against members of Porsche Automobil's supervisory board, which includes Ferdinand Piech and Wolfgang Porsche, for suspected market manipulation. But they are still pursuing a separate case against Porsche's former CEO and CFO.... Read More »

Mercedes' China surge pushes it past BMW, Audi in July

Aug. 14, 2015 11:55 CET

Mercedes sold more luxury cars worldwide than the Audi and BMW brands in July as its rising deliveries in China defied a market slowdown there. Mercedes' surge left it just 272 units behind Audi after seven months for second place in the global premium-car sales race.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector takes hit in Q2

Aug. 14, 2015 06:01 CET

As European stock markets retreated in the second three months of this year automakers and suppliers relinquished some of the strong gains they had recorded in shareholder value in the first quarter. The latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices reveal that the value of automakers in Q2 fell 6.5 percent while the value of their suppliers dipped 0.5 percent.... Read More »

Spain's 2015 sales forecast to top 1 million

Aug. 13, 2015 06:01 CET

New-car sales in Spain are forecast to increase by 23 percent this year to top 1 million for the first time in five years as the country's economic recovery takes hold.... Read More »

BMW sales rise 5.6% as Europe offsets China slump

Aug. 12, 2015 12:35 CET

BMW Group said on Wednesday that deliveries of its Mini, BMW and Rolls-Royce cars rose 5.6 percent to 173,195 in July to a new record as demand in Europe offset falling sales in China and the U.S.... Read More »

 
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