WAP ANE Breaking

Porsche plans Pajun as EV only to fight Tesla, report says

Jan. 24, 2015 06:01 CET
Porsche will sell its long-planned Pajun sedan only as a electric car to compete with cars such as the Tesla Model S, a German magazine said.... Read More »

 

Kia's fourth-quarter profit drops 54% on ruble plunge

Jan. 23, 2015 11:31 CET
Kia posted a 54 percent fall in quarterly profit as a weakening ruble reduced income earned in Russia where Kia ranks No. 2 after Lada. Kia expects sales in the market to fall 12 percent this year, because the ruble's decline could force further price rises, denting demand.... Read More »

 

Honda axes Accord in Europe

Jan. 23, 2015 16:33 CET
Honda will end sales of the Accord midsize sedan in Europe after the car failed to make headway against German rivals.... Read More »

 

EU regulators to rule on ZF's bid for TRW by Feb. 26

Jan. 23, 2015 15:09 CET
European Union antitrust authorities will decide by Feb. 26 whether to approve German supplier ZF Friedrichshafen's $13.5 billion bid for U.S. rival TRW Automotive.... Read More »

 

GM sees Europe turnaround on track even if local economy isn't

Jan. 23, 2015 10:34 CET
General Motors' efforts to restore European operations to profitability are on track even as the region's economy fails to revive, GM President Dan Ammann said. However, Russia is big "wild card," he said.... Read More »

 

UK 2014 car production rises to highest since 2007

Jan. 23, 2015 09:48 CET
UK car production rose to its highest level since 2007 last year, up 1 percent to 1.53 million cars. The UK is a major center for manufacturers such as Jaguar Land Rover, BMW, Nissan, Honda, Toyota and GM.... Read More »

 

Opel plans EV version of its Karl minicar, report says

Jan. 23, 2015 06:01 CET
Opel plans an electric version of its new Karl minicar, a German magazine reported. The Karl EV could go on sale by the end of 2018, the report said.... Read More »

 

Ghosn lifts European car market forecast on eurozone stimulus plan

Jan. 22, 2015 22:41 CET
Renault CEO Carlos Ghosn upgraded his European car market growth forecast after the European Central Bank unveiled a bond purchase program to boost the continent's flagging economy. Ghosn now expects Europe's auto market to grow by at least 2 percent in 2015.... Read More »

 

Toyota may lose global sales lead to VW without new China strategy

Jan. 22, 2015 11:11 CET
Toyota remained the best-selling automaker worldwide in 2014 ahead of VW and GM, but the company may lose the sales crown this year as it falls behind in China, where rivals are expanding fast.... Read More »

 

Hyundai profit falls 19% on weak yen, ruble plunge

Jan. 22, 2015 11:39 CET
Hyundai's fourth-quarter profit fell 19 percent after the weaker yen and ruble eroded overseas earnings. A weaker yen gave rivals including Toyota a competitive edge in the U.S., while a plunge in the ruble lowered the value of earnings in Russia.... Read More »

 

PSA winds down hybrid air fuel-saving project, still seeks partner to share costs

Jan. 22, 2015 12:45 CET
PSA/Peugeot-Citroen said it will continue development of its Hybrid Air technology to reduce fuel use, despite reports in the French press that the project almost certainly will not see commercialization.... Read More »

 

Kia needs India plant to offset slowing sales in Russia and China, report says

Jan. 22, 2015 12:10 CET
Kia needs to set up a factory in India to tap growth in the fast-growing market and offset slowing sales in Russia and China, a Korean newspaper reported the automaker's CEO as saying. India may become the world's No. 3 auto market by next year.... Read More »

 

VW mulls separate listing of trucks business, report says

Jan. 21, 2015 15:16 CET
Volkswagen may restructure its truck business so that it could be spun off to raise cash, a German magazine reported. VW has hired former Daimler manager Andreas Renschler to integrate the unit, which includes Scania and MAN.... Read More »

 

VW targets 'significant' savings by reducing variety of parts

Jan. 21, 2015 16:36 CET
Volkswagen Group plans to boost profitability by scaling back the range of components at its main VW brand. Reducing the variety of parts used in VW vehicles will offer "significant savings potential," finance chief Hans Dieter Poetsch said.... Read More »

 

Schaeffler shifts 34% Continental stake off balance sheet

Jan. 21, 2015 10:58 CET
Schaeffler says a 34 percent stake in rival Continental has been shifted off the books in a move toward a possible stock market listing. Schaeffler borrowed heavily to buy Continental in 2008 in a deal that unraveled during the financial crisis.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Michelin CEO aims to win share from Chinese rivals

Jan. 21, 2015 07:48 CET
Michelin aims to counter rising pressure from low-cost Chinese brands in Europe and North America by increasing the number of cheaper tires it offers from budget subbrands, the tire maker's CEO, Jean-Dominique Senard, told Automotive News Europe.... Read More »

 

Daimler will invest more in Hungary to boost compact car output

Jan. 20, 2015 13:32 CET
Daimler will boost compact car output at its Mercedes-Benz factory in Hungary after the automaker launched production of a new model, the CLA Shooting Brake. The automaker has seen strong demand for its compact lineup, which grew 25 percent last year.... Read More »

 

Audi plans to build range-topping Q8 SUV, CEO Stadler says

Jan. 20, 2015 15:38 CET
Audi plans a range-topping SUV to go on sale before the end of the decade, CEO Rupert Stadler said. Dubbed the Q8, the SUV would be aimed at markets such as the U.S., China and the Middle East, where large coupe-styled SUVs are in demand.... Read More »

 

Ford revises EcoSport to counter slow sales

Jan. 20, 2015 12:02 CET
Ford will offer its EcoSport SUV in Europe without the spare wheel on the outside of the rear tailgate after the model's sales got off to a slow start. The EcoSport has failed to make a big impact in the region's booming subcompact SUV/crossover segment against sleeker-looking rivals.... Read More »

 

Daimler offers 'currency rebate' on Mercedes, Smart cars in Switzerland

Jan. 20, 2015 13:26 CET
Daimler is cutting Mercedes and Smart car prices in Switzerland after the central bank's surprise abandonment of a minimum exchange rate caused the franc to surge versus the euro.... Read More »

 

Renault plans big nvestment to catch rivals in China

Jan. 19, 2015 17:21 CET
Renault will make "massive investments" in China, where it sees its market share rising as high as 6 percent after the company ramps up sales of locally built vehicles in the world's biggest car market.... Read More »

 

2015 GENEVA AUTO SHOW

McLaren will unveil P1 GTR hybrid supercar

Jan. 19, 2015 12:53 CET
McLaren will unveil a production-ready version of the P1 GTR hybrid supercar, its fastest and most powerful vehicle to date, at the Geneva auto show in March.... Read More »

 

Renault's 2014 sales rise 3% as budget cars offset Russia drop

Jan. 19, 2015 10:40 CET
Renault delivered 3 percent more vehicles globally last year as strong European sales of cars such as the Renault Captur and no-frills Dacia Sandero helped offset falling demand in Russia and South America.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Mini expects profit boost from leaner lineup

Jan. 19, 2015 06:01 CET
BMW is trimming its Mini lineup from eight models down to five to boost the brand's prospects of long-term profitability. The carmaker is expected to discontinue three slow-selling vehicles -- the Coupe, Roadster and Paceman.... Read More »

 

Ford will launch new Galaxy minivan as brand pushes upscale in Europe

Jan. 19, 2015 11:28 CET
Ford of Europe will start sales of its new-generation Galaxy large minivan this year as part of a wider product offensive that includes the launches of its Vignale upscale trim line and new Mustang sports car.... Read More »

 

 
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Ryan Hunter-Reay races to Indy 500 winner’s circle

Ryan Hunter-Reay races to Indy 500 winner’s circle

BorgWarner’s video montage highlighting 2014 Indianapolis 500 winner Ryan Hunter-Reay. Thu., January 15
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