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Renault first-half profit beats estimates on recovery

July 30 08:16 CET | UPDATED: July 30 15:25 CET
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Renault posted a first-half profit that beat estimates as the global economic recovery boosted demand for autos. Net income was 780 million euros ($1.02 billion), compared with a 2.73 billion-euro loss a year earlier, the carmaker said in a statement. Sales rose 23 percent to 19.67 billion euros.s. Read More »
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    Spain July car sales lowest for 15 years, industry body says
    July 30 06:01 CET
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    New-car sales in Spain plunged nearly 50 percent in July, carmakers association ANFAC said, as government subsidies ended and value-added tax (VAT) was raised on July 1. ...
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    VW to hoard cash ahead of Porsche deals, CFO says
    July 30 06:01 CET
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    VW will keep adding to its more than $20 billion cash pile as it prepares for an acquisition spree that could help it overtake Toyota as the world's No. 1 carmaker by 201 ...
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    Audi no longer sole cash generator for Volkswagen
    July 30 09:46 CET
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    Audi lost claim to being the sole cash contributor to Volkswagen AG, according to first-half results published on Friday that are likely to soothe concerns of VW's shareh ...
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    Italy gives Fiat too little and asks too much

    LUCA CIFERRI: Italy needs to make building cars in the country more financially appealing to Fiat – and other automakers – if it wants to avoid losing future projects. That means the government has to reconsider its no-intervention policy regarding the auto industry. Without incentives and tax... Read More »
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    Daimler pushes automakers higher; suppliers, retailers also rise in Q2

    Led by Daimler, automakers led a positive second-quarter that also saw suppliers and retailers make gains. The shareholder value for European... Read More »
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    Daimler names first female brand head

    Daimler is giving Smart more autonomy and has appointed Annette Winkler to lead the microcar brand. Winkler is the first woman to head a brand at the... Read More »
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    Toyota hopes for lift from Europe-only hybrid

    Toyota expects the Auris gasoline-electric hybrid to account for 25 percent of the compact car's European sales. The Auris hybrid, which is smaller... Read More »
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    Data Center
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    Estimated Europe registrations by make, June & YTD

    Sample data:

       June  6 mos.
     JuneJunepercent6 mos.6 mos.percent
     20102009change20102009change
    Volkswagen division153,851166,773-8%837,945849,431-1%
    Audi58,77663,188-7%330,760327,5461%
    Seat29,87334,809-14%164,261167,209-2%
    Skoda45,41948,608-7%242,918250,458-3%
    Other177221-20%6401,102-42%
    VOLKSWAGEN AG288,096313,599-8%1,576,5241,595,746-1%

    Estimated Europe registrations by country, 6 mos.

    This Estimated Europe registrations by country, 6 mos. data is available within our Data Center as a PDF download.

    Estimated Europe registrations by make, May & YTD

    This Estimated Europe registrations by make, May & YTD data is available within our Data Center as a PDF download.

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    CAR CUTAWAY

    ZF gives the BMW 5-series GT a smooth ride

    12:01 am U.S. ET | July 28
    The new BMW 5-series Gran Turismo combines features of a sedan, SUV and station wagon. Many suppliers make this possible, prominent among those being ZF Friedrichshafen AG, which gives the vehicle its driving feel, while Edscha AG and F.S. Fehrer Automotive GmbH improve loading and storage...... Read More »
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    Weekly Newsletter
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    Audi orders extra vehicles for U.S., aims for record sales

    July 28 06:01 CET
    An extra allocation of 5,000 vehicles in the second half -- vehicles diverted from other markets around the world -- could push Audi's U.S. sales to a record 100,000 units this year. Audi is now due to receive 103,000 vehicles for the full year, said Audi of America President Johan de Nysschen.... Read More »
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