Western Europe

ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investors

March 30, 2015 09:14 CET

The chairman of China National Chemical Corp. (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange. A counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy, he warned.... Read More »

LUCA CIFERRI

BLOG: While others stand up, Italy stands aside

12:01 am U.S. ET | March 30, 2015

Formula One tire supplier Pirelli will have a Chinese owner, while Ferrari styling house Pininfarina could be acquired by an Indian company. Ducati, Lamborghini and Italdesign Giugiaro are already in German hands. So why isn't Italy doing what other countries are doing to protect its domestic auto sector?... Read More »

Dutch regulators raid Uber over court ruling compliance

March 27, 2015 11:41 CET

A Dutch regulatory agency raided the Amsterdam offices of ride-sharing service Uber in connection with its UberPOP unit after a court deemed it illegal in December.... Read More »

PSA picks France factory over Spain for engine production expansion

March 27, 2015 09:47 CET

PSA said it has chosen a French factory over a rival Spanish plant to expand engine production. PSA will upgrade its Tremery site to produce the turbocharged version of a three-cylinder engine already manufactured there. The plant beat out PSA's factory in Vigo, Spain, for the additional 200,000 engines a year.... Read More »

Pirelli CEO sees strong future with ChemChina, no talks on counterbid

March 27, 2015 12:07 CET

Pirelli has a strong future with China National Chemical Corp. and is not talking to others about a possible counterbid, CEO Marco Tronchetti Provera said. ChemChina agreed to become the majority owner of the world's fifth-largest tire maker in an $8 billion deal. The market speculated that Bridgestone could be putting together a counterbid.... Read More »

Delphi employees killed in France plane crash

March 25, 2015 12:26 CET

Two Spain-based Delphi employees were among the 150 victims of a plane crash in a remote part of the French Alps. The employees were traveling to a meeting in Germany.... Read More »

India's Mahindra said to be in talks to buy car designer Pininfarina

7:49 am U.S. ET | March 25, 2015

Mahindra & Mahindra, India's largest maker of SUVs, is in talks to buy Italian auto design and engineering company Pininfarina SpA, people familiar with the matter told Bloomberg.... Read More »

Volvo appoints Europe boss as part of global reorganization

March 24, 2015 11:43 CET

Volvo named Anders Gustafsson as head of Europe, Middle East and Africa, one of three global business regions that also include new divisions for the Americas and Asia.... Read More »

JLR chief Speth to keynote U.K. congress

12:01 am U.S. ET | March 23, 2015

Ralf Speth, CEO of Jaguar Land Rover, will be keynote speaker at the Automotive News Europe Congress on June 10 in Birmingham, U.K.... Read More »

Audi has no plans for rival to BMW's minivans

March 20, 2015 06:01 CET

Audi development boss Ulrich Hackenberg says the automaker does not need minivans to reach its target of 2 million annual sales -- in contrast to BMW, which has launched two compact minivans to help attract family buyers.... Read More »

Daimler will upgrade key German plant for fuel-efficient engines, fuel cells

March 18, 2015 22:23 CET

Daimler will invest billions of euros to modernize its powertrain factory in Untertuerkheim, near Stuttgart. The plant will become a center of competence for fuel-efficient engines, hybrid drivertrains and the production of fuel cell systems.... Read More »

SGL eyes more cutbacks on weak graphite electrode markets

March 18, 2015 16:59 CET

Germany's SGL, the materials supplier for carbon fiber reinforced parts in BMW Group's electric cars, has stepped up cost cutting efforts again to grapple with a difficult market for graphite electrodes used in steel recycling.... Read More »

VW Chairman Piech, Porsche family on witness list in hedge-fund lawsuit

March 18, 2015 11:35 CET

VW Group Chairman Ferdinand Piech and Porsche SE Chairman Wolfgang Porsche are among 21 people who will be asked to testify by a German court in a 1.8 billion euro lawsuit filed by two U.S. hedge funds.... Read More »

FCA axes Chrysler in UK to focus on Jeep

March 17, 2015 18:35 CET

Fiat Chrysler Automobiles is ending sales of Chrysler cars in the UK to focus on its Jeep brand. FCA sells the U.S.-built Chrysler 300C sedan and Voyager large minivan in the UK, alongside the Lancia Delta compact and Ypsilon subcompact cars, which are both rebadged as Chryslers.... Read More »

All new EU cars will need emergency call technology from 2018

March 17, 2015 17:09 CET

All new cars sold in the European Union from 2018 will have to be equipped with technology to contact emergency services in the case of an accident.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Premium brands push volume rivals from profit-rich niches

March 17, 2015 06:01 CET

Premium automakers continued to push volume rivals out of profit-rich niches such as coupes and convertibles last year, leading some automakers to begin cutting models with those body styles from their lineups.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

SUV and crossover sales grew 21% in Europe last year

March 17, 2015 06:01 CET

SUVs and crossovers benefited most from Europe's first rise in annual sales since 2007 last year. Combined deliveries of models ranging from the Nissan Qashqai to the BMW X5 increased 21 percent to more than 2.5 million units.... Read More »

Cadillac Europe will be run by former BMW executive

March 15, 2015 06:01 CET

GM has appointed veteran BMW executive Andreas Schaaf as its new Cadillac chief in Europe. Schaaf replaces Thomas Sedran, a former interim CEO at Opel, who is leaving the automaker.... Read More »

Fans demand BBC reinstate 'Top Gear' host Clarkson

1:34 pm U.S. ET | March 11, 2015

Nearly 450,000 fans from around the world have backed a petition calling for British presenter Jeremy Clarkson to be reinstated to his job hosting the "Top Gear" motoring show after the BBC suspended him following a "fracas" with a producer.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW, VW changes shake up Germany's top auto ranks

March 11, 2015 06:01 CET

When Harald Krueger becomes CEO at BMW Group and Herbert Diess takes over as boss of the VW brand this year, four of the six heads of Germany's biggest automotive brands will be in their early or mid-50s, marking a generational shift for the industry.... Read More »

NICK GIBBS

BLOG: Why McLaren can be profitable without an SUV

11:45 am U.S. ET | March 10, 2015

McLaren Automotive CEO Mike Flewitt says the supercar maker doesn't need an SUV to generate the cash required to keep renewing its range.... Read More »

NICK GIBBS

BLOG: Why McLaren can be profitable without an SUV

12:01 am U.S. ET | March 10, 2015

McLaren Automotive CEO Mike Flewitt says the supercar maker doesn't need an SUV to generate the cash required to keep renewing its range.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Automakers, greens disagree on the true cost of meeting EU's CO2 regulations

March 10, 2015 06:01 CET

Automakers say the cost to meet tough European CO2 emissions limits that take effect in 2021 is rising rapidly, according to an analyst report, a view not shared by environmentalists.... Read More »

Ford's Odell, Farley inherit each other's challenges in new roles

12:01 am U.S. ET | March 8, 2015

When you talk to Ford Motor Co.'s "trading places" executives, Stephen Odell and Jim Farley, it's clear: They have inherited each other's challenges. And it's hard to say who got the better deal.... Read More »

Fiat will export new compacts to EU from Turkey

March 6, 2015 06:01 CET

Fiat Chrysler will begin sales of a Turkey-built hatchback and station wagon in Europe's key compact segment next year, CEO Sergio Marchionne said. The new models will plug a big hole in Fiat's European product lineup. The compact car segment, led by the VW Golf, is Europe's second biggest by sales after subcompacts.... Read More »

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