WAP ANE Breaking

BMW, Audi and Daimler open to other investors in map consortium, report says

Aug. 3, 2015 17:12 CET

BMW, Audi and Daimler plan to invite other investors to join the mapping consortium they have forged to compete with Google, Bloomberg reported. Talks have been held with other automakers including GM, according to the report.... Read More »

New York hedge fund takes Suzuki stake on India, end to VW arbitration

Aug. 3, 2015 11:21 CET

Suzuki rose to a record in Tokyo trading today after a New York-based hedge fund said it had acquired an undisclosed stake in the automaker.... Read More »

French car sales rise 2% percent in July

Aug. 3, 2015 09:23 CET

French car sales rose 2.3 percent in July, led by strong gains at Fiat, Hyundai and Toyota. Most volume brands boosted volume except Renault, whose sales fell on aging products.... Read More »

Alfa Romeo completes prep work on new SUV

Aug. 2, 2015 06:01 CET

Alfa Romeo has finished preparation work on its first SUV and the model is on track to launch next year. The midsize SUV will be a rival to the Audi Q5 and BMW X3.... Read More »

Spain fines GM, Ford, other automakers for anti-competitive practices

July 31, 2015 06:01 CET

Spain's CNMC competition authority fined 21 automakers and two consultancy firms 171 million euros for anti-competitive practices. GM and Ford were given the highest penalties.... Read More »

BMW revamps China marketing to focus more on tech, less on the badge

July 31, 2015 12:21 CET

BMW will increase spending on online marketing in China to emphasize its technology as part of efforts to target younger buyers, who care more about the latest features than the brand as a status symbol.... Read More »

Maserati's profits will recover with Levante SUV, Marchionne says

July 31, 2015 11:44 CET

Maserati's profits will recover when the brand launches its first SUV next year, Fiat Chrysler CEO Sergio Marchionne said. Maserati's second-quarter earnings fell by 30 percent and global vehicle sales were down 13 percent.... Read More »

Fiat Chrysler lifts guidance after strong second quarter

July 30, 2015 14:51 CET

Fiat Chrysler Automobiles raised its full-year profit guidance after better-than-expected second-quarter results on a strong performance in North America and record Jeep sales.... Read More »

France prepares to sell 5% stake in Renault

July 30, 2015 13:41 CET

France is preparing to sell the 5 percent Renault stake it acquired earlier this year to secure a doubling of voting rights for longer-term investors, Economy Minister Emmanuel Macron said.... Read More »

Audi cuts global car sales outlook on China

July 30, 2015 11:57 CET

Audi lowered its global sales forecast for this year because of slumping demand in China, its biggest market. The automaker expects global deliveries to increase between 3 percent and 4 percent from a record 1.74 million sales in 2014.... Read More »

French minister sees smoother return to Iran for Renault than PSA

July 30, 2015 12:47 CET

PSA/Peugeot-Citroen, previously the market leader in Iran, could find it more difficult to return to the country than rival Renault following a dispute over the carmaker's 2011 market exit, Laurent Fabius, France's foreign minister, said after talks with Iranian leaders.... Read More »

Italy's long-term car rental sector probed by competition authority

July 30, 2015 11:05 CET

The Italian Competition Authority has launched an investigation into possible breaches of competition rules by eight long-term car rental companies.... Read More »

Renault profit surge fails to impress amid pricing slide

July 30, 2015 08:03 CET

Renault's first-half profit surged on rebounding European demand but not enough to meet investor expectations from the recovery, or concerns about weaker pricing.... Read More »

VW says China sales may decline this year

July 29, 2015 17:19 CET

Volkswagen said its vehicle sales may decline in China this year after years of double-digit volume gains in its largest market.... Read More »

PSA says anti-French backlash weighs on Iran talks

July 29, 2015 12:20 CET

PSA's talks on a manufacturing venture with Iran's biggest carmaker are being undermined by anti-French sentiment in the country, CEO Carlos Tavares said. Iranians are hostile because France took a tough line in talks to lift international sanctions against Iran.... Read More »

PSA reports positive H1 earnings for first time in four years

July 29, 2015 08:33 CET

PSA/Peugeot-Citroen posted positive first-half net income for the first time in four years as the automaker tightened control on spending and sold more vehicles at higher prices in its home region and in Asia. Net income was 571 million euros ($631 million), after a 114 million euro loss a year earlier.... Read More »

VW boosts Q2 profit on Europe recovery but lowers sales forecast as China slows

July 29, 2015 09:27 CET

Volkswagen posted higher quarterly profit on a strengthening European recovery and cost cuts but lowered its global sales forecast amid a slowdown in China and challenging markets in Russia and South America.... Read More »

Jeep hacking sends warning to BMW, Audi and Mercedes

July 28, 2015 10:55 CET

When friendly hackers landed a Fiat Chrysler Jeep in a ditch last week, it sent a warning to BMW, Audi and Mercedes as the premium automakers compete increasingly on technology rather than just horsepower.... Read More »

Pininfarina, Mahindra will resume sale talks in September, report says

July 28, 2015 16:43 CET

Talks on the sale of indebted car designer Pininfarina to India's Mahindra will resume after the summer after the parties failed to strike a deal in July, sources told Reuters.... Read More »

Aston Martin looks at more than 10 sites for new factory

July 28, 2015 06:01 CET

Aston Martin is reviewing more than 10 sites in Europe, the U.S. and other global locations for a new factory to build its first crossover.... Read More »

VW passes Toyota for global sales lead in first half

July 28, 2015 08:26 CET

Volkswagen surpassed Toyota to become the biggest automaker by deliveries in the first half. VW benefited as car demand in Europe accelerated, softening the blow from a slowdown in China, its biggest market.... Read More »

Audi aims to raise China sales with revamped A4

July 27, 2015 13:43 CET

Audi hopes that a redesigned A4 sedan will help shore up its fortunes in China where the premium brand is grappling with a second consecutive month of falling sales in its No. 1 market.... Read More »

Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET

Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia.... Read More »

Valeo raises profit forecast, shrugs off China slowdown

July 27, 2015 10:54 CET

Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies.... Read More »

Renault seeks to stake in Iranian partner, report says

July 25, 2015 09:13 CET

Renault is in talks to buy a minority stake in its Iranian joint venture partner, the Wall Street Journal cited an executive at the Iranian firm as saying.... Read More »

 
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