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VW on track to reach 2018 margin goal, report says

VW Group, which is cutting costs and overhauling its development and production, is on track to reach its goal of a pretax profit of 8 percent of sales by 2018, a German magazine reported. Read More »

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Tesla, BMW discuss batteries and lightweigh parts, Musk says

Tesla Motors is in talks with BMW over a possible alliance in battery technology and lightweight components, Tesla CEO Elon Musk told a German magazine. Read More »

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Continental mulls German factory closure

Continental is reviewing whether to close its factory in Gifhorn, Germany, which makes electric motors and hydraulic braking systems, because of a lack of customer orders. About 1,600 people work at the plant. Read More »

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BMW, Mercedes gain in once-impregnable Korea

South Korea's car imports have leapt from 3 percent of sales a decade ago to 14 percent today as foreign brands led by Germany's BMW and Mercedes take advantage of a free trade deal to grow sales in a once impregnable market. Read More »

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SGL sees rising interest in carbon fiber parts

SGL Group, the materials supplier for carbon fiber reinforced parts in BMW's electric cars, is in talks with Audi, Porsche, GM and other carmakers to supply carbon fiber for a wider range of automotive components, its CEO said. Read More »

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CHRISTIAAN HETZNER:

Volkswagen raises the stakes in China

Volkswagen's investment plans for the next five years tell one story very clearly – the company is becoming ever more dependent on growth in China in its bid to overtake Toyota as the world’s number one carmaker. Read More »

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VW will invest 86 billion euros chasing Toyota for global car sales lead

Volkswagen will invest 85.6 billion euros ($106 billion) over the next five years on new vehicles, technology and factories as it tries to pass Toyota and become the world's largest automaker. Read More »

German builder of crash-test facilities forms China unit

Messring, a German manufacturer of crash-test facilities, has established a wholly owned Chinese subsidiary. The company has built 10 crash-test facilities in China over the past decade. Read More »

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Opel names new engineering chief

Opel named Charlie Klein as its new engineering chief, promoting the executive from his current post as the brand's chief engineer for light commercial vehicles. Read More »

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U.S. to be main market for Mercedes-AMG GT

The United States will be the biggest market for the new Mercedes-AMG GT and is expected to account for 25 percent of the car's worldwide volume. Read More »

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Suzuki plant in Hungary will return to double shifts ahead of Vitara launch, report says

Suzuki will return to two-shift production at its plant in Hungary as it prepares to launch the new Vitara subcompact crossover, a report said. Read More »

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Gestamp expects China to be its No. 3 market by 2015

Gestamp, a Spanish supplier of metal auto parts, predicts that by 2015 China will become its third-largest market worldwide, after Germany and Spain. Read More »

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Alfa Romeo midsize sedan will be unveiled next June

Alfa Romeo's new midsized sedan will be unveiled next June, according to sources. The sedan will be positioned in the market between the BMW 3 series and 5 series, sources said. Read More »

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Schaeffler posts 36% jump in Q3 profit on car demand rebound in Europe

Schaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired. Read More »

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BMW may need to increase i8 production to cut waiting lists

BMW may have to increase production of its i8 plug-in hybrid supercar to meet high demand. The waiting time of up to 18 months for the 120,000 euro coupe is too long, BMW sales chief Ian Robertson said. Read More »

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GM shuffles top execs for quality, purchasing, powertrain

GM said Grace Lieblein will replace Alicia Boler-Davis as head of global quality as the company caps a year of record recalls. Lieblein, currently head of purchasing, will be replaced by powertrain chief Steve Kiefer. Read More »

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GM approves Opel SUV and engine investments in Germany, Poland

GM CEO Mary Barra said Opel will add a flagship SUV to its lineup. The model will launch by the end of the decade. GM will also invest more than 500,000 euros in the production of new engines and transmissions in Germany and Poland. Read More »

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BMW CEO to join Siemens supervisory board, report says

BMW CEO Norbert Reithofer will be nominated to join the supervisory board of German engineering company Siemens, German monthly Manager Magazin said, without citing sources. Read More »

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Mercedes presents Maybach S class as luxury executive cocoon

Mercedes's new Maybach version of its flagship S class is challenging Bentley and Rolls-Royce for supremacy among customers who enjoy a chauffeured car's back seat. Read More »

TRW shareholders approve $13.5 billion takeover by ZF

TRW Automotive shareholders today approved a $13.5 billion takeover offer by Germany's ZF Friedrichshafen, the companies said, paving the way for a new global automotive supply powerhouse to rival Robert Bosch. Read More »

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UK car production likely to miss full-year target on weak overseas demand

UK car production is unlikely to hit a full-year goal of 1.59 million as demand from key western European markets and Russia continues to fall, the SMMT industry association said. Read More »

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LOS ANGELES AUTO SHOW:

Fiat expects new crossover to outsell 500 minicar in U.S.

Fiat expects its Fiat 500X SUV to be even more popular in North America than its retro-styled 500 minicar as it appeals to customers seeking a larger car with the option of four-wheel drive. Read More »

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Volvo plots U.S. resurgence with model overhaul

Volvo said an overhaul of its model range over the next five years would propel annual car-sales volumes in the U.S. back above 100,000 vehicles. The carmaker's U.S. deliveries fell 8 percent through October to 47,823. Read More »

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LOS ANGELES AUTO SHOW:

Lexus LF-C2 concept zeros in on younger buyers

Lexus took another step toward overcoming its midlife crisis with the unveiling of the LF-C2 convertible concept. It's a “powerful, emotional car” created to appeal to younger customers, said Jeff Bracken, Lexus' general manager. Read More »

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PSA plans to cut 3,450 French jobs in 2015, report says

PSA/Peugeot-Citroen is preparing to cut another 3,450 French jobs next year, sources said, as the troubled carmaker pursues a recovery plan under new CEO Carlos Tavares. Read More »

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Ford to cut 20% of staff at B-Max plant in Romania

Ford will lay off 20 percent of the workforce at the Romanian plant that builds the B-Max as it adjusts to falling sales of the subcompact minivan. Read More »

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LOS ANGELES AUTO SHOW:

VW embraces hydrogen with Golf SportWagen HyMotion

Volkswagen joined the hydrogen party with a concept version of its new Golf SportWagen compact powered by a fuel cell electric drivetrain. Read More »

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BMW says Takata inflator work is moving to Germany from Mexico

Takata plans to shift production of BMW airbag inflators to Germany from Mexico, BMW said in a filing with U.S. federal safety regulators who have been probing questions about the quality of manufacturing at the plant. Read More »

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LOS ANGELES AUTO SHOW:

Bentley unveils potential range-topping convertible to take on Rolls-Royce

The Bentley Grand Convertible concept previews a possible production car to take on the Rolls-Royce Phantom Drophead Coupe. The Grand Convertible would be Bentley's most expensive car, if it is built. Read More »

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Audi's China PR director faces corruption probe, report says

Audi's public relations chief in China, Lu Minjie, is under investigation by the central Chinese government's anti-corruption task force, according to Chinese media. Read More »

Dongfeng-PSA to sell imported vehicles in China next year

Dongfeng Peugeot Citroen Automobile, PSA's joint venture with Dongfeng Motor, will take over the vehicle import business currently run by the French automaker's Asia office. The move integrates PSA's vehicle distribution channels in China. Read More »

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Europe car sales rebound continues in October

European new-car sales rose 6 percent in October as volume- and premium-brand leaders including VW and BMW recorded strong gains in key markets. Year-to-date deliveries increased by 6 percent to more than 11 million vehicles. Read More »

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VW will stop selling Seat cars in Russia next year

Volkswagen's Spanish subsidiary, Seat, will stop selling cars in Russia by early next year because of the country's economic downturn and weakening ruble. Read More »

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LOS ANGELES AUTO SHOW:

VW Golf R wagon -- a first -- packs 296 hp

Volkswagen will build a station wagon variant of its tuned-up Golf R compact car for the first time. The Golf R wagon will go on sale in Europe next spring. Read More »

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VW's China growth slows to 10% due to capacity limits

VW's growth in China is expected to slow to 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, VW China chief Jochem Heizmann said. Read More »

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LOS ANGELES AUTO SHOW:

Mazda unveils CX-3 subcompact crossover

Mazda hopes that the CX-3 will grab a share of the growing market for subcompact crossovers in Europe, where it will go up against the Renault Captur, Peugeot 2008 and Dacia Duster. Read More »

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LOS ANGELES AUTO SHOW:

Audi Prologue concept marks new styling direction

Audi unveiled a prototype of a coupe that signals the future styling direction of the brand under new design chief Marc Lichte. The show car signals exterior and interior styling that will emphasize sportiness, lightweight design and all-wheel drive. Read More »

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Schaeffler targets 12%-13% margin over long term

Schaeffler says it aims to keep its operating margin in the region of 12 percent to 13 percent over the long term as it expects the economic environment in its key markets to remain positive. Read More »

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As China's luxury car wave slows, foreign automakers seek domestic foothold

Daimler will present its new ultraluxury Mercedes-Maybach subbrand at this week's Guangzhou auto show, even as analysts warn the end is approaching for China's 10-year high-end car sales boom. Read More »

Daimler, BMW cooperate on suppliers in Mexico

Daimler and BMW are working together to build a network of suppliers for their new factories in Mexico as both carmakers aim to take advantage of the country's tariff-free access to the U.S. market. Read More »

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PRICE FIXING SPECIAL REPORT:

After 'Ghosn Shock,' companies found way to survive, insiders say

Insiders say Japan's problems with bid rigging began to spiral in the early 2000s with the arrival of Carlos Ghosn, the cost-cutting CEO who parachuted into a nearly bankrupt Nissan and blew up the carmaker's ossified supplier network. Read More »

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PRICE FIXING SPECIAL REPORT:

Supplier network shelters fugitives, ex-cons

As one after another Japanese auto supplier gets snagged for price fixing, it is the unwritten rule that middle managers sometimes take the fall for superiors and get rewarded for not airing the company's dirty laundry in public court, insiders say. Read More »

PRICE FIXING SPECIAL REPORT:

At 'bid meetings,' suppliers aimed to maintain one another's market share

When Japanese auto suppliers schemed to fix prices, it was as much about protecting market share as pumping up profits, an industry insider said. Rival companies agreed to protect the status quo, lest someone was pushed out altogether. Read More »

 
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Most Read
Volkswagen raises the stakes in China

Christiaan Hetzner
9:22 am U.S. ET | Nov. 21 2014

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Volkswagen's investment plans for the next five years tell one story very clearly – the company is becoming ever more dependent on growth in China in its bid to... ...
 Read More ›

U.S. driver data rules are not tough enough for Europe

Douglas A. Bolduc
4:56 am U.S. ET | Nov. 17 2014

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Privacy protection guidelines agreed to last week in the U.S. will not become a global template because they fall short of what is required in Europe to keep driver data safe. ...
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How to humanize autonomous driving

Douglas A. Bolduc
12:01 am U.S. ET | Nov. 11 2014

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Self-driving cars are coming, but few people will hand over control to the vehicle unless the computer can match the way they like to drive. ...
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Ford's Odell: Sharp, talented and respectful

James B. Treece
7:17 am U.S. ET | Nov. 10 2014

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Ford of Europe boss Stephen Odell's focus on respecting the customer will be a good start when he becomes the automaker's global sales and marketing chief. ...
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Suzuki seeks BMW-like success -- on the seas

Bruce Gain
12:01 am U.S. ET | Nov. 7 2014

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Suzuki is trying to emulate BMW's and Volvo's success on the seas by associating its brand with one ...
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New CO2 rules may benefit car design

Nick Gibbs
12:01 am U.S. ET | Nov. 6 2014

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Proposed changes to how fuel economy and emissions are measured could mean the end of useful-but-ugl ...
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Dissecting Daimler's motorcycle deal

Christiaan Hetzner
12:53 pm U.S. ET | Oct. 31 2014

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Daimler's purchase of a stake in motorbike brand MV Agusta is nothing like Audi's purchase of Ducati. ...
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Is Ferrari worth 12 billion euros?

Luca Ciferri
12:01 am U.S. ET | Oct. 31 2014

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Ferrari is worth as much as 12 billion euros on the open market based on Chairman Sergio Marchionne's most optimistic blue-sky estimate. ...
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Ferrari will go public but remain private

Luca Ciferri
3:40 pm U.S. ET | Oct. 29 2014

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Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group. ...
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China has room for PSA's upscale DS brand

Bruce Gain
12:01 am U.S. ET | Oct. 25 2014

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PSA's upscale DS brand is on track to be successful in China because of consumer demand for French l ...
 Read More ›

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Europe's auto recovery continues without France
Western European new-car sales rose 6 percent in October as demand picked up in all major markets ex ...
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Western European car sales rise 6% in September
Western European car sales rose 6 percent in September, according to forecaster LMC Automotive. ...
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Germany joins France, Italy in reporting car-sales rebound in September
Germany joined France and Italy in reporting a rebound in new-car registrations last month after poo ...
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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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Western European car sales extend mixed recovery
Western European car sales rose 1 percent in August, the 12th consecutive monthly gain, as faltering ...
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German, French and Italian car sales fall in August
New-car sales in Germany, France and Italy all fell slightly in August, a seasonally weak vacation m ...
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Spanish car sales rise 14% in August
Spain's new-car sales rose 14 percent to 45,355 in August, the twelfth straight month of increases, ...
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French car sales drop 3% on weak August demand
French car sales fell 3 percent last month, led by an 11 percent drop at Renault. ...
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Recovery on track as western Europe car sales rise 5%
Car sales in western Europe grew by 5 percent in July to a little more than 1 million vehicles, brin ...
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Strong UK car sales in July part of improving European trend
New-car sales in the UK rose by 7 percent in July, as the country's credit-backed growth continued. The increase follows volume growth last month in Germany, Italy and Spain. ...
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Opel names new engineering chief
Opel named Charlie Klein as its new engineering chief, promoting the executive from his current post ...
 Read More ›
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GM shuffles top execs for quality, purchasing, powertrain
GM said Grace Lieblein will replace Alicia Boler-Davis as head of global quality as the company caps a year of record recalls. ...
 Read More ›
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PSA moves Xavier Peugeot to Citroen, names new Peugeot product chief
PSA/Peugeot-Citroen named Xavier Peugeot as product planning chief of Citroen. ...
 Read More ›
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Faurecia promotes seating chief Koller to No. 2 role
Faurecia promoted its automotive seating boss, Patrick Koller, to the role of chief operating office ...
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Rolls-Royce names BMW exec interior design chief
Daniel Starke is the new Rolls-Royce interior design head, a role he previously held at BMW's i elec ...
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Lotus names Carr as new design chief
Lotus's design boss, Donato Coco, a former styling chief at Ferrari, will leave the UK sports car ma ...
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Bentley appoints Austrian dealership veteran as Europe sales boss
Bentley named Robert Engstler as its regional director for Europe. Austrian-born Engstler joins Bent ...
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Nissan recruits Hyundai Europe COO as global sales chief
Nissan has tapped Hyundai Europe's chief operating officer, Allan Rushforth, to be its new global sa ...
 Read More ›
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BMW hires Ferrari's chief engineer
BMW has hired Ferrari's former technical director, Roberto Fedeli, for an as-yet unspecified role. ...
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Aston Martin recruits Tesla spokesman Sproule as chief marketing officer
Aston Martin has recruited Simon Sproule, Tesla's communications head, to serve as chief marketing o ...
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Jeep pushes Renegade's off-road skills
Jeep says its Renegade is a true off-roader and is positioning the model at the higher end of the ho ...
 Read More ›
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Mini 5-door may become best-seller
The Mini five-door variant targets customers who need more space. ...
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Nissan touts Pulsar's roominess
Nissan believes the sizeable rear-seat space of its new Pulsar compact hatchback will be the car's b ...
 Read More ›
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Audi seeks to increase TT's market share
Audi expects its new TT to boost its market share even though demand for small sports cars is shrink ...
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BMW's taboo-breaker, the 2-series Active Tourer
BMW's 2-series Active Tourer breaks new ground for the automaker as the brand's first minivan and fi ...
 Read More ›
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Renault's radical new Twingo could become segment leader
Renault's new Twingo is radically different than the two previous generations of the minicar with a ...
 Read More ›
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Citroen touts 'cheerful' C1
Citroen is touting the C1's "cheerful" front-end design, open-top variant and a modern infotainment ...
 Read More ›
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Mercedes has high hopes for S-class coupe
Mercedes expects a new name, fresh design and innovative technology will help double sales of the S- ...
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Citroen's clever C4 Cactus
Citroen has found clever ways to make its new C4 Cactus an unconventional and affordable alternative ...
 Read More ›
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Toyota Aygo gets 'fun' makeover
Toyota is aiming its new Aygo minicar at younger buyers who don't take themselves too seriously, par ...
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Marelli helps optimize Alfa 4C's transmission
Magneti Marelli supplies the Alfa Romeo 4C roadster with the technology that helps optimize the perf ...
 Read More ›
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BorgWarner helps boost power in BMW 2 series
BorgWarner-sourced turbochargers for the new BMW 2 series help boost power by as much as 13 hp to 18 ...
 Read More ›
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Jaguar F-Type relies on Stadco's aluminum skin
Stadco supplies the vast majority of the aluminum outer structure for the new Jaguar F-Type, includi ...
 Read More ›
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Magna Powertrain helps Mercedes GLA stay on track
Magna Powertrain supplies the all-wheel-drive system for the new Mercedes-Benz GLA. ...
 Read More ›
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Osram provides BMW i8's laser lights
Osram provides the headlamps for the optional laser high beams on the BMW i8 plug-in hybrid supercar ...
 Read More ›