Europe

Opel, VW CEOs cautious on Europe sales growth amid Russia crisis

March 3, 2015 09:14 CET
Europe's carmakers are benefiting from robust demand for passenger cars in most of Europe although the slumping Russian market continues to cast a shadow, making forecasts increasingly difficult, Karl-Thomas Neumann and Martin Winterkorn, the CEOs of Opel and Volkswagen, said.... Read More »

 

Toyota sees its EU sales growth this year, boosted by UK, southern Europe rebound

March 2, 2015 22:32 CET
Toyota expects its EU sales to grow by 2 percent to 2.5 percent in 2015, compared to 0.8 percent growth for the market in Western Europe. The rise will come from recovery in southern Europe, as well as continued strong sales in the UK, the automaker says.... Read More »

 

DAVE GUILFORD

Ford, Farley hope for success in U.S.-Russian diplomacy

8:36 pm U.S. ET | March 2, 2015
Jim Farley, newly installed as head of Ford of Europe, on Monday vowed that the loss-making unit is “going to make progress in spite of the headwinds.”... Read More »

 

German car sales rise 7% in February

March 2, 2015 19:15 CET
New-car sales in Germany rose 7 percent in February and are heading for a modest gain this year compared with 2014 levels, an industry association said. Germany joined the other major European markets of France, Italy and Spain in posting gains last month.... Read More »

 

VW Passat named European Car of the Year

March 2, 2015 17:28 CET
The Volkswagen Passat is Europe's 2015 Car of the Year, marking the third time in six years that VW has won the title. The Passat beat its nearest competitor, the Citroen C4 Cactus, by nearly 100 points. The Mercedes C class finished third in the voting.... Read More »

 

DAVE GUILFORD

Russia, weak euro form backdrop for Geneva show

12:28 pm U.S. ET | March 2, 2015
Automakers usually don’t overreact to international tensions and currency fluctuations. That’s why the comments coming from auto execs on the verge of the Geneva auto show are so striking.... Read More »

 

A shakeup in Germany’s top auto ranks

12:01 am U.S. ET | March 2, 2015
Germany's automotive ranks are undergoing a generational shift. When Harald Krueger rises to CEO at BMW Group and Herbert Diess takes over as chairman of the Volkswagen brand this year, four of the six heads of Germany's biggest automotive brands will be in their late 40s to mid-50s.... Read More »

 

Foreign carmakers lead February sales growth in France

March 2, 2015 13:36 CET
French car registrations grew 4.1 percent in February compared with a year earlier, led by growth in sales of cars made by foreign-owned manufacturers.... Read More »

 

Spain new-car sales rise 26% in February

March 2, 2015 14:00 CET
New-car sales rose 26 percent in Spain last month, the 18th consecutive month of growth, a car manufacturers' group said. Registrations have been boosted by a government subsidy program.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Check out the ANE e-magazine for March

March 2, 2015 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, March 2. This month's edition looks why ultraluxury brands such as Bentley, Lamborghini, Rolls-Royce and Maserati are poised to keep experiencing unprecedented success.... Read More »

 

Golden Age for ultraluxury brands

12:01 am U.S. ET | March 1, 2015
Strong demand for ultraluxury brands -- driven by new models, improved U.S. and European economic conditions and a rising number of superwealthy -- has led forecasters to predict that overall global sales in the segment will grow by nearly 40 percent in the next five years. The bullish prediction is good news for Fiat Chrysler Automobiles, Volkswagen Group and BMW Group.... Read More »

 

Yamaha plans 2-seat car for Europe, source says

Feb. 27, 2015 10:06 CET
Japanese motorcycle maker Yamaha aims to start making and selling two-seat cars in Europe as early as 2019, a person familiar with the plan told Reuters on Friday.... Read More »

 

ANE's March e-magazine goes live Monday

Feb. 27, 2015 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, March 2. This month's edition looks why ultraluxury brands such as Bentley, Lamborghini, Rolls-Royce and Maserati are poised to keep experiencing unprecedented success.... Read More »

 

As election nears, automakers fear UK exit from EU

Feb. 26, 2015 12:32 CET
Automakers with production in the UK are increasingly worried about the prospects of the country leaving the European Union. Prime Minister David Cameron has said he will offer an in-out referendum on EU membership if he wins a general election in May.... Read More »

 

Porsche hedge-fund lawsuit faces dismissal in Germany

Feb. 26, 2015 15:14 CET
Hedge funds seeking 1.2 billion euros ($1.4 billion) in damages from Porsche SE in Germany over its failed attempt to take over carmaker Volkswagen Group in 2008 will likely have their case dismissed, according to a German judge.... Read More »

 

Lada proves popular in Crimea's vacated car market

Feb. 26, 2015 13:40 CET
Lada, Russia's biggest car brand, has become a favorite in Crimea after its annexation by Vladimir Putin's government. The first official Lada dealership opened in October and local customers are now ordering up to 300 cars a month, compared with the 155 sold in 2013, when Crimea was part of Ukraine.... Read More »

 

Magna cuts sales forecast on weak Europe demand, approves stock split

7:01 am U.S. ET | Feb. 25, 2015
Canadian auto parts maker Magna International Inc. cut its revenue forecast for 2015, hurt by weak demand from Europe.... Read More »

 

Union OKs 3% wage rise in Daimler, Porsche's heartland

Feb. 24, 2015 10:47 CET
Germany's biggest trade union, IG Metall, accepted a 3 percent wage increase for the country's southwest region, home to carmakers Daimler and Porsche. The union had called for a 5.5 percent increase. Deals agreed in the region traditionally serve as a template for agreements across Germany.... Read More »

 

Faurecia N.A. boss Heneka to retire March 1; Stidham named new president

3:12 pm U.S. ET | Feb. 24, 2015
Mike Heneka, who led an immense expansion effort in the US as president of Faurecia North America, will retire on March 1, the seating and emissions systems supplier said today.... Read More »

 

GKN sees more growth this year after 2014 profits rise 4%

Feb. 24, 2015 11:12 CET
UK supplier GKN reported a 4 percent rise in annual profit last year and said it expected to grow again in 2015, helped by the continued strong demand for car parts.... Read More »

 

VW Eos output will end on declining cabrio demand

Feb. 23, 2015 19:06 CET
VW plans to stop making its Eos cabriolet as customer tastes shift away from convertibles in general and retractable hardtops like the Eos in particular. European sales of convertibles from volume carmakers fell 20 percent last year.... Read More »

 

PSA, Mitsubishi will halt production in Russia

Feb. 20, 2015 09:09 CET
PSA/Peugeot-Citroen and Mitsubishi will close their joint venture plant in Russia for two weeks as the country's worsening economic situation hits vehicle sales.... Read More »

 

ZF offers EU concessions in $13.5 billion TRW deal

Feb. 20, 2015 13:36 CET
ZF Friedrichshafen has offered concessions in a bid to secure European Union approval for its $13.5 billion takeover of TRW Automotive Holdings.... Read More »

 

Jaguar Land Rover favors Austria or Turkey over U.S. for production boost, report says

Feb. 20, 2015 10:50 CET
Jaguar Land Rover may add production in Austria or Turkey instead of in the U.S. as the automaker seeks to boost its manufacturing capacity, a UK newspaper reported. JLR had been considering opening a factory in the U.S. South, reports said earlier this month.... Read More »

 

UK car production dips 1% in Jan. on new model, tech investment

Feb. 19, 2015 10:23 CET
The UK's car manufacturing sector reported a 1 percent decline in output last month as automakers invested in the production of new models and technologies.... Read More »

 

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