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Piech's grip on VW weakened by row with CEO

April 19, 2015 18:12 CET

Volkswagen Chairman Ferdinand Piech's iron grip on the German carmaker has been severely weakened following a dramatic confrontation with senior board members last week that nearly resulted in a push to oust him, sources told Reuters.
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» VW board members came close to demanding Piech's resignation, paper says
» Volkswagen CEO Winterkorn to stay in defeat for Piech

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2015 SHANGHAI AUTO SHOW
BMW, inspired by Google Glass, tests experimental driving goggles
April 19, 2015 06:01 CET

BMW believes that computerized headsets such as Google Glass could be the next big thing. The automaker unveiled a prototype of goggles that turn the world into a digital ...
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2015 SHANGHAI AUTO SHOW
Mercedes shrinks SUV with GLC coupe concept
April 19, 2015 10:34 CET

Mercedes is looking at bringing out an all-new compact SUV coupe as early as 2016 as buyers continue to favor sporty models. The brand unveiled the GLC Coupe concept at t ...
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PSA and Dongfeng will develop platform for compact and subcompact cars
April 19, 2015 11:45 CET

PSA/Peugeot-Citroen and China's Dongfeng will jointly develop a platform for small cars for the Peugeot, Citroen, DS and Dongfeng brands. The platform will become operati ...
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Volkswagen mulls budget SUVs, minivans for China
April 19, 2015 11:13 CET

Volkswagen is exploring the possibility of developing budget SUVs and minivans in China to keep up with shifts in the market, its China chief executive, Jochem Heizmann, ...
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2015 SHANGHAI AUTO SHOW
Audi aims Q7, A6L plug-in hybrids at Chinese buyers
April 18, 2015 06:01 CET

Audi will aim plug-in hybrid versions of the Q7 SUV and long-wheelbase A6 at Chinese customers as the company seeks to maintain its sales lead over rivals BMW and Mercede ...
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VW Group sales rise 2% on Europe, China demand
April 17, 2015 12:25 CET

VW said group sales rose 2.3 percent in March to 968,300 vehicles, as gains in Western Europe and China helped offset declines in the U.S. and South America. The result e ...
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Renault wants France to back down on voting rights rise
April 17, 2015 11:07 CET

Renault urged France, its largest-single shareholder, to back down from plans to increase its voting weight in the automaker, warning that the balance of power within its ...
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BMW says new 7 series can park itself
April 18, 2015 00:15 CET

BMW says the 7-series flagship sedan will be the world's first series-production car that can be parked without anyone at the wheel. The remote control parking feature wi ...
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Lotus plans to build cars in China
April 17, 2015 16:24 CET

Lotus plans to build cars and engines in China in a joint venture, DRB-Hicom, the UK sports car maker's Malaysian parent company, said. The venture will involve an invest ...
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Oman will use Italian expertise to help build auto industry
April 17, 2015 06:01 CET

The Oman government has bought into an Italian supplier as part of its goal to develop car production in the oil-rich Middle Eastern state. The state-owned Oman Investmen ...
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Fiat starts new era with 1st annual investor meeting in Amsterdam
April 16, 2015 12:38 CET

After a century of meeting in Italy, Fiat shareholders will convene today in Amsterdam, swapping the company's Lingotto factory with its rooftop racetrack for a luxury ho ...
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FCA has no plans to list other brands after Ferrari
April 16, 2015 13:44 CET

Fiat Chrysler Automobiles has no plans to list any other brand from its portfolio besides luxury unit Ferrari, FCA CEO Sergio Marchionne told a shareholder meeting. ...
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VW, Metzler terminate talks to sell LeasePlan
April 16, 2015 18:56 CET

VW Group and private German bank Metzler have terminated talks to sell LeasePlan, a Dutch fleet-management company with 1.42 million vehicles spread across 32 countries. ...
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Mahindra nears deal to buy Pininfarina, sources say
April 16, 2015 14:10 CET

Mahindra & Mahindra, India's largest maker of SUVs, is in the final stages of negotiations to buy Italian design and engineering firm Pininfarina, according to people fam ...
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Grupo Antolin to buy Magna unit for $525 million
April 16, 2015 15:17 CET

Spain's Grupo Antolin has reached an agreement to purchase Magna International's interiors unit for about $525 million, creating what Antolin estimates will be the world' ...
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE
BorgWarner CEO welcomes electrification of the powertrain
April 16, 2015 06:15 CET

BorgWarner sees the electrification of the powertrain as a positive for the supplier despite its heavy reliance on sales of parts that EVs don't need, such as turbocharge ...
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Marchionne will show data supporting industry need for consolidation
April 15, 2015 17:51 CET

Fiat Chrysler Automobiles CEO Sergio Marchionne says he will produce data to back up his ongoing calls for consolidation in the auto industry. There is potential to form ...
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PSA's upscale DS brand will join booming SUV/crossover segment
April 15, 2015 11:40 CET

PSA/Peugeot-Citroen's upscale DS brand plans to launch a subcompact SUV/crossover that will rival models such as the Renault Captur and Mini Countryman. ...
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CO2 emissions from new cars in EU fell 2.6% in 2014, study says
April 15, 2015 16:29 CET

Average CO2 emissions from new cars sold in the EU fell 2.6 percent to to 123.4g/km last year, beating goals set for 2015 as part of efforts to slow climate change, the E ...
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