The ruble's plunge is creating a "bloodbath" for automakers in Russia, Renault-Nissan CEO Carlos Ghosn said. Nissan and Renault have stopped taking orders for some cars in Russia and could raise prices on others if the ruble continues to fall, he said. Read More »
Volkswagen approved projects for adding several hundred million euros to earnings in coming years in its effort to almost triple profit margins at the namesake car brand, according to sources. Read More »
Audi CEO Rupert Stadler calls the A3 Sportback e-tron the “perfect electric vehicle for every day driving.” He says that because 80 percent of daily roundtrip commutes in Europe are less than 50km, which is the A3 e-tron's electric-only range. Read More »
Spyker -- the Dutch supercar maker that was hurt by its acquisition of Saab from General Motors -- was today declared bankrupt even as founder and CEO Victor Muller vowed to revive the company. Read More »
New-car registrations in Europe rose 1 percent in November, with budget brands beating the market as nervous consumers kept a tight lid on spending. Vehicle sales in the EU and EFTA markets advanced to 989,457 cars. Eleven-month sales are up 6 percent to 12 million. Read More »
Fiat Chrysler Automobiles, the Netherlands-based parent company of Fiat and Chrysler Group said it has changed the name of Italy's Fiat Group Automobiles to FCA Italy. Its U.S. affiliate changes from Chrysler Group to FCA US. Read More »
Lexus is counting on the NX hybrid to help it stand out against Europe's top-selling premium large crossovers. But unlike rivals such as the BMW X5 and Mercedes M class, there will be no diesel- or gasoline-powered versions of the NX. Read More »
Harald Krueger, the 49-year-old tapped last week to become BMW's next CEO, has some work ahead to maintain the German automaker's competitive edge. Among the challenges: strengthening core products to combat much-improved rivals. Read More »
Fiat Chrysler has resumed exports from Brazil to Mexico after a more than three-year hiatus due to weak Brazilian demand and a more favorable exchange rate, Cledorvino Belini, chief executive officer in Latin America, said. Read More »
China could overtake Germany and Italy to become the biggest market for Smart in a few years, Smart CEO Annette Winkler said. Smart will launch the latest ForTwo and its new ForFour in China next year. Read More »
Volkswagen says its Golf GTE plug-in hybrid offers eco-friendly buyers the “best of both worlds” -- a compact hatchback that can be driven up to 50km using electric power or up to 940km with additional power from its gasoline engine. Read More »
BMW's i3 is still rare enough to turn heads in Berlin, one of four cities chosen by the German government to promote electric cars, but finding a place to recharge the battery powered hatchback can be a challenge, meaning that range anxiety can turn to panic. Read More »
Auto sector takes hit in Q3 Automakers and suppliers were hit hard in the third quarter while car retailers continued to make gains, according to the Automotive News Europe/PwC shareholder value.. ...
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Auto sector faltered in Q2 European automakers, suppliers and retailers experienced mixed fortunes in the second quarter of 2014, as measured by the Automotive News Europe/PricewaterhouseCoopers. ...
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