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Porsche CEO says profits will be hit by EV investment

Feb. 9, 2016 11:02 CET

Porsche is bracing for smaller profit gains in the future as the sports-car maker steps up spending on models such as its first EV, CEO Oliver Blume said.
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» PHOTO GALLERY: Porsche Mission E concept

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Mercedes is not chasing volume at any price, Zetsche says
Feb. 9, 2016 11:29 CET

Daimler CEO Dieter Zetsche says Mercedes will not sacrifice margins in its quest to overtake rival BMW and become the world's best-selling luxury brand. ...
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE
Infiniti CEO calls Q30 a 'game changer' for brand; eyes adding a plug-in hybrid
Feb. 9, 2016 06:01 CET

Infiniti is bullish about its future in Europe. With Q30 production underway in England and output of the QX30 due to join it later this year, 2016 will be a breakout yea ...
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Ferrari's 'family' car gets new name, more power
Feb. 8, 2016 15:41 CET

Ferrari is renaming its FF four-seat coupe as the GTC4Lusso and adding rear-wheel steering to boost the appeal of a model launched five years ago as a practical ultraluxu ...
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VW quality chief quits amid diesel scandal fallout
Feb. 8, 2016 17:32 CET

Volkswagen named company veteran Hans-Joachim Rothenpieler as head of group quality assurance, replacing Frank Tuch who held the job for six years and, according to sourc ...
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Emissions lies haunt VW as automaker faces tougher U.S. Justice Department
Feb. 8, 2016 14:18 CET

VW's emissions-cheating software has not directly been responsible for any deaths, yet the U.S. Justice Department may treat it more harshly than General Motors and Toyot ...
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PSA will pay Iran partner $446 million compensation for quitting market, report says
Feb. 8, 2016 11:28 CET

PSA will pay its Iran partner $446 million in compensation for losses incurred after it quit the country due to sanctions, the Iranian company told a local news agency. ...
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Russian new-car sales continue steep decline in January
Feb. 8, 2016 15:45 CET

Russian new-car sales plunged 29 percent last month, extending a collapse from 2015 that is forcing the government to spend billions of rubles more to support the ailing ...
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Continental must ration parts for recall fixes
Feb. 8, 2016 06:01 CET

Continental is recalling five million airbag control units that affect vehicles made by companies including Volkswagen, Mazda, Mercedes, Honda and Fiat Chrysler. But the ...
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THE VW EMISSIONS SCANDAL
VW will offer U.S. diesel scandal customers generous compensation, paper says
Feb. 7, 2016 14:16 CET

Volkswagen will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, Ken Feinberg, the he ...
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2016 GENEVA AUTO SHOW
VW's Seat readies unveiling of its first SUV
Feb. 7, 2016 06:01 CET

VW Group's Seat brand this week will unveil its first SUV as the struggling brand seeks to benefit from a booming segment in Europe. ...
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THE VW EMISSIONS SCANDAL
VW delays 2015 earnings report until April due to diesel scandal
Feb. 7, 2016 13:52 CET

Volkswagen said it will publish its annual results as soon as April and may hold its annual shareholders' meeting in early June, four to six weeks later than scheduled as ...
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THE VW EMISSIONS SCANDAL
VW sued by fourth U.S. state over excess diesel emissions
Feb. 6, 2016 18:38 CET

New Jersey filed a lawsuit against Volkswagen and its Porsche and Audi units over the automaker's excess diesel emissions, becoming the fourth U.S. state to take legal ac ...
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BMW's laser headlights showcase Osram's mass-market goals
Feb. 6, 2016 06:15 CET

German supplier Osram is equipping BMW 7-series sedans with laser headlight modules, marking a move to the mass-market for the technology, which is already available on B ...
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NEWS ANALYSIS
Automakers survive EU politicians' backlash on emissions for now
Feb. 6, 2016 06:01 CET

Intense lobbying by Europe's car manufacturers helped to save a compromise that will let automakers exceed EU pollution targets for now, but the narrowness of their victo ...
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VW delays 2015 results due to open issues on emissions
Feb. 5, 2016 14:34 CET | UPDATED: Feb. 5 17:05 CET - adds analyst comments

Volkswagen said its emissions scandal will delay its publication of last year's results, as the automaker struggles to determine the financial impact of its cheating. ...
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VW launches ad campaign without 'Das Auto' slogan
Feb. 5, 2016 06:01 CET

Volkswagen is launching an advertising campaign in Europe this month that will also roll out globally aimed at winning back trust and sales lost through its diesel emissi ...
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Volvo bets on wagons with V90 despite SUV boom
Feb. 5, 2016 06:01 CET | UPDATED: Feb. 5 17:00 CET -- adds segment data

Volvo will show its commitment to station wagons, whose sales are being hit by the global boom in SUVs, when it unveils its new V90 later this month. ...
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Mahindra mulls Pininfarina-designed premium car
Feb. 5, 2016 14:41 CET

Mahindra has begun talks with Pininfarina, the Italian design house it agreed to buy in December, to build a premium car for the Indian market. ...
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PSA plans to cut 850 jobs at French factory, report says
Feb. 5, 2016 11:04 CET

PSA/Peugeot-Citroen plans to cut the night shift and 850 jobs at its Poissy factory near Paris to adapt to lower output levels as production of the Citroen C3 is moved to ...
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More Breaking News »    
 
Ford faces tough decision on B-Max

Douglas A. Bolduc
12:01 am U.S. ET | Feb. 9 2016

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When Ford of Europe President Jim Farley says that the automaker must be even more selective on the ...
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'Autopia' future promoted by Google and Apple will hurt traditional carmakers

Luca Ciferri
12:01 am U.S. ET | Feb. 8 2016

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Industry disrupters such as Google and Apple are better funded than their potential rivals from the ...
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Automotive News Europe celebrates 20 years; watch this space for future trends


12:01 am U.S. ET | Feb. 5 2016

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In an industry reshaping at the speed of light, Automotive News Europe brings you reliable, relevant and unbiased coverage of the auto business. ...
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How GM's 'shampoo princess' is restoring Opel's image


12:01 am U.S. ET | Feb. 4 2016

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Opel marketing chief Tina Mueller, a former cosmetics executive dubbed the "shampoo princess," is pl ...
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Nissan claims win in Europe, but Toyota had more sales


12:01 am U.S. ET | Jan. 29 2016

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Nissan claims it has achieved a long-stated goal of becoming the No. 1 Asian automaker in Europe by ...
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How GM zoomed past VW in China

Yang Jian
12:01 am U.S. ET | Jan. 25 2016

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The Volkswagen Group was China's largest automaker in 2013 and 2014, but last year, General Motors r ...
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ZF executive 'remarkably comfortable' in one-on-one chat with Obama

Bryan Johnson
3:21 pm U.S. ET | Jan. 21 2016

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The most commonly asked question I've received in the past 24 hours is: “Were you nervous?R ...
 Read More ›

What Nissan learned from Mercedes for Infiniti Q30 production


6:06 am U.S. ET | Jan. 20 2016

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Nissan made some costly changes to build the Infiniti Q30 and QX30 compact cars at its UK factory. ...
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Aston Martin asks suppliers for cost cuts

Nick Gibbs
9:31 am U.S. ET | Jan. 14 2016

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Aston Martin is asking suppliers to reduce costs by 10 percent annually as part of wider cost-cutting moves as the niche automaker adopts the practices of a mass-market... ...
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VW CEO Mueller's pride sets him up for a fall

Christiaan Hetzner
5:49 am U.S. ET | Jan. 13 2016

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The air of self-confidence that convinced the Volkswagen Group's board that company veteran Matthias ...
 Read More ›

2015 Assembly map
 
Newsletters & Alerts
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Western European car sales rise 6% on Spain, Italy rebound
Western European car sales rose nearly 6 percent in January as the southern markets of Spain and Ita ...
 Read More ›
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Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales
Jeep, Smart and Jaguar were the biggest sales winners last year in Europe, where overall vehicle sal ...
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Growth in car sales in key European markets 'encouraging' in January
New-car sales increased in key European markets in January including 3 percent growth in Germany and ...
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French automakers lose ground to rebounding VW
French new-car registrations increased 3. ...
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European car-sales growth forecast to slow to 2% in 2016
European car sales likely will rise 2 percent in 2016, down from 9 percent last year, as northern ma ...
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European sales growth will slow this year, say Daimler, Ford, Volvo CEOs
European automotive executives expect the region's car sales to grow for a third straight year in 20 ...
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VW trails rivals as Europe sales rise 16% in December
New-car sales in Europe rose 16 percent in December in the 28th consecutive month of growth with For ...
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Western automakers hit hard as Russia car sales fell 36% in 2015
Russia's car sales plunged by 36 percent in 2015 in a disastrous year for Western automakers with op ...
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VW brand sales fall 8% in Dec., dragging down group result
Global sales of VW brand cars fell by 7.9 percent in December as the automaker's emissions crisis an ...
 Read More ›
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Europe must look south for car sales growth this year
Western European car sales rose nearly 9 percent last year but the region will likely need a continu ...
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Former Opel CEO Demant retires after VW role
Volkswagen Group's international projects chief, Hans Demant, has retired, ending a long career that ...
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PSA appoints former Yahoo exec as chief digital officer
PSA named former Yahoo executive Brigitte Cantaloube as the automaker's first chief digital officer ...
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Mercedes promotes UK sales boss to U.S. role
Mercedes-Benz named its UK sales boss, Adam Chamberlain, as head of sales in the U.S. ...
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VW picks ex-BMW manager to head core brand in North America
Volkswagen has picked ex-BMW manager Hinrich Woebcken to run the North American business of its core ...
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VW motorsport director Capito moves to McLaren
Volkswagen motorsport director Jost Capito has been appointed CEO of McLaren Racing. ...
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Nissan names new Europe marketing chief
Nissan has promoted company veteran Jean-Pierre Diernaz to its new Europe marketing head. ...
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Hyundai hires former Lamborghini exec to shape strategy at luxury Genesis brand
Hyundai has hired former Lamborghini executive Manfred Fitzgerald to shape strategy at its new Genes ...
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Porsche names new production chief
Porsche has named VW Group veteran Albrecht Reimold as new production boss to replace Oliver Blume w ...
 Read More ›
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Porsche names new production chief
Porsche has named VW Group veteran Albrecht Reimold as new production boss to replace Oliver Blume w ...
 Read More ›
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Renault names former EV boss as sales and marketing chief
Renault named its former EV program boss, Thierry Koskas, as the company's sales and marketing chief ...
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Hyundai Tucson gets big boost from Europe's SUV boom
Hyundai expects the Tucson to change perceptions of the brand in Europe, thanks to its bolder design ...
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Product launches follow a faster cadence
New model launches are getting faster, more frequent and less certain. They also might be a lot fart ...
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Opel boosts connectivity offer in new Karl
Opel's new entry-level model, the Karl, is the brand's cheapest car but it now offers advanced conne ...
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Infiniti's 'big bang' starts with Q30
Infiniti expects the Q30 hatchback and its sibling model, the QX30 crossover, to give the brand a hu ...
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Renault packs Megane with high-tech upgrades
Renault has added upscale features to its new Megane to make the hatchback a better challenger in Eu ...
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Mini tweaks Clubman, moves it up a class
Mini hopes the latest Clubman's four-door body style instead of a three-and-a-half door configuratio ...
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Renault thinks big, green with Talisman flagship
Renault hopes that its new Talisman midsize car will win customers because of its size, efficient po ...
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Opel wants leaner Astra to leap over rivals
Opel hopes to win sales from the Volkswagen Golf as well as compact luxury models such as the BMW 1 ...
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Audi sees A4 causing segment shake-up
Audi executives are optimistic the arrival of the new A4 will give the Volkswagen Group subsidiary t ...
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Toyota rolls out fuel cell cars, but Europe is not ready yet
Toyota's European rollout of the fuel cell Mirai this month will be limited to the few countries in ...
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Suppliers to the new Jaguar XF
Assembly of the second-generation Jaguar XF began in June 2015 at Jaguar Land Rover's factory in Cas ...
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Suppliers to the new Audi Q7
Assembly of the second-generation Audi Q7 began in February 2015 at the German automaker's factory i ...
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Suppliers to the new VW Touran
Assembly of the third-generation Volkswagen Touran began in June 2015 at the German automaker's fact ...
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Suppliers to the new BMW 7 series
Assembly of the sixth-generation BMW 7 series began in July 2015 at the automaker's factory in Dingo ...
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Magna makes new VW Passat lighter
Magna shaved weight off of the body stampings it provides to the eighth-generation VW Passat, which ...
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GKN helps slash CO2 in new Volvo XC90
GKN Automotive formed a partnership with Volvo to develop a so-called eAxle for the plug-in hybrid v ...
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