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Daimler, Renault-Nissan detail plans for Mexico JV plant

July 28, 2015 19:44 CET
Daimler and Renault-Nissan said their new plant for Mercedes-Benz and Infiniti cars in Mexico, will have an initial production capacity of more than 230,000 vehicles.

Pininfarina, Mahindra will resume sale talks in September, report says

July 28, 2015 16:43 CET
Talks on the sale of indebted car designer Pininfarina to India's Mahindra will resume after the summer after the parties failed to strike a deal in July, sources told Reuters.

Aston Martin looks at more than 10 sites for new factory

July 28, 2015 06:01 CET
Aston Martin is reviewing more than 10 sites in Europe, the U.S. and other global locations for a new factory to build its first crossover.

Ford posts strongest Q2 auto profit in 15 years but Europe swings to loss

July 28, 2015 13:00 CET
Ford's Q2 earnings increased 44 percent, marking the best quarterly profit from its automotive business since 2000, despite losses in Europe and South America. In Europe, a pretax loss of $14 million reversed a profit of $14 million last year.

GM, China's SAIC plan new vehicle family for emerging markets

July 28, 2015 06:01 CET
GM and China's SAIC will develop a new range of small cars based on a common architecture that will be built and sold under the Chevrolet name in China, Brazil, India, Mexico and other emerging markets.

Jeep's hacking woes send warning to BMW, Audi and Mercedes

July 28, 2015 10:55 CET
When friendly hackers landed a Fiat Chrysler Jeep in a ditch last week, it sent a warning to BMW, Audi and Mercedes as the premium automakers compete increasingly on technology rather than just horsepower.

VW passes Toyota for global sales lead in first half

July 28, 2015 08:26 CET
Volkswagen surpassed Toyota to become the biggest automaker by deliveries in the first half. VW benefited as car demand in Europe accelerated, softening the blow from a slowdown in China, its biggest market.

Daimler in talks on truck partnership, Iran Khodro says

July 28, 2015 12:01 CET
Daimler is exploring a partnership with Iran Khodro as it weighs a return to Iran's market for trucks, vans and buses, the Iranian automaker's CEO said.

VW's MAN truck unit expects profit drop on restructuring costs

July 28, 2015 11:27 CET
Volkswagen Group's MAN truck unit expects costs to reorganize its European truck and bus unit will significantly lower operating profit this year, as a recession in Brazil also hits sales.

Audi aims to raise flagging China sales with revamped A4

July 27, 2015 13:43 CET
Audi hopes that a redesigned A4 sedan will help shore up its fortunes in China where the premium brand is grappling with a second consecutive month of falling sales in its No. 1 market.

Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET
Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia.

Daimler will test self-driving trucks this year, report says

July 27, 2015 11:23 CET
Daimler is planning to test self-driving trucks as early as this year, Wolfgang Bernhard, chief of the automaker's trucks business, told a German newspaper.

Valeo raises profit forecast, shrugs off China slowdown

July 27, 2015 10:54 CET
Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies.

Fiat Chrysler hit with record $105 million U.S. penalty over recalls

July 26, 2015 10:30 CET
Fiat Chrysler agreed to pay a $70 million fine as part of a potential $105 million civil penalty, accept three years of additional oversight by an independent monitor and buy back more than 500,000 vehicles as part of a sweeping consent agreement to settle a U.S.

Wiping out U.S.-EU rules disparities would yield big savings

July 25, 2015 06:01 CET
Automakers are pushing governments to streamline safety regulations in the free-trade deal that the U.S. and EU are negotiating. With the prospect of new regulations on autonomous driving technologies, the industry views the talks as a critical opportunity to bring harmony to disparate rules.

VW says it has no plans to cut China production despite slowdown in demand

July 25, 2015 15:04 CET
Volkswagen has no plans to cut China output even amid slowing vehicle demand in the world's largest auto market, the company said in response to a media report.

Renault seeks to buy stake in Iranian partner, report says

July 25, 2015 09:13 CET
Renault is in talks to buy a minority stake in its Iranian joint venture partner, the Wall Street Journal cited an executive at the Iranian firm as saying.

Ferrari stock faces soaring Testarossa prices for investor favor

July 24, 2015 12:19 CET
Ferrari's upcoming stock listing may struggle for investor attention with competitors in its own ranks. Buying one of the Italian supercars, like a Testarossa, has generated gains that are hard to beat.

PSA plans to export Iran-made cars after nuclear deal

July 24, 2015 06:01 CET
PSA aims to export cars it produces in Iran with local partner Iran Khodro, as the French company looks to rebuild its business in the country following the diplomatic agreement last week ending sanctions over Iran's nuclear program.

Opel names engineer to oversee quality

July 24, 2015 06:01 CET
Opel named mechanical engineer Elvira Toelkes as its new head of quality in Europe. Toelkes will be tasked with continuing Opel's drive to improve customer satisfaction. Opel and sister brand Vauxhall had below average scores in J.D. Power's vehicle satisfaction surveys.

Lamborghini shelves plug-in Asterion coupe in favor of Urus SUV, report says

July 24, 2015 12:03 CET
Lamborghini has put on hold a production plug-in hybrid Asterion coupe in favor of bringing the Urus SUV to market in 2018, a magazine reported, citing the automaker's CEO Stephan Winkelmann.

Infiniti Q30 will be powered by Mercedes engines

July 24, 2015 06:01 CET
Infiniti's Q30 compact car will be powered by two gasoline Mercedes engines, likely the 1.6-liter and 2.0-liter units used in the A-class compact car, a source said. The Q30 is based on Mercedes's MFA front-wheel-drive compact architecture that also underpins the A class.

Faurecia accelerates margin target as first-half earnings surge

July 24, 2015 10:47 CET
Faurecia's first-half earnings surged 40 percent as sales growth outpaced auto-market expansion in Europe and North America. The supplier now plans to reach an operating margin of 4.5 percent to 5 percent in the second half rather than in 2016.

High-tech future drives Bosch's investment in sensors

July 24, 2015 06:01 CET
To understand the future of the high-tech automobile, check out the $1.1 billion “clean plant” built here in 2010 by Robert Bosch.

GM posts $1.1 billion profit in Q2; narrows loss in Europe to $45 million

July 23, 2015 06:01 CET
General Motors posted second-quarter net income of $1.1 billion and sharply narrowed its loss in Europe.

Ferrari IPO filed in New York to raise funds for Fiat Chrysler

July 23, 2015 12:45 CET
Fiat Chrysler Automobiles' plan to raise money for expansion by spinning off Ferrari took a step forward with the automaker filing the unit's initial public offering on the New York Stock Exchange.

Zetsche says hacking concerns drive Mercedes bid for Nokia maps unit

July 23, 2015 12:17 CET
Daimler CEO Dieter Zetsche said a desire to have better control over data security is one of the reasons Mercedes is part of a German car-making consortium bidding for Nokia's high-definition mapping business.

UK car production rose sharply in June as export demand surges

July 23, 2015 09:30 CET
British car production rose sharply last month, helped by an upturn in the number of cars built for export and capping the strongest half-year performance since 2008.

Daimler profit jumps 54% on Mercedes growth

July 23, 2015 07:39 CET
Daimler's second-quarter profit jumped 54 percent, the highest for any three-month period at the carmaker, as Mercedes outpaced rival luxury brands in China and new models boosted sales.

Japanese automaker group says China market in 'downward spiral'

July 23, 2015 12:34 CET
China's vehicle market is showing signs of a "downward spiral" driven by excessive competition and overcapacity that will eventually hit Japanese carmakers, according to the chief of Japan's auto association.

VW, Metzler sell LeasePlan for 3.7 billion euros

July 23, 2015 09:42 CET
Volkswagen and German bank Metzler have sold financing company LeasePlan to a consortium of investors for 3.7 billion euros ($4 billion).

Weak U.S., China sales hit Hyundai profit

July 23, 2015 07:54 CET
Hyundai said its net profit slumped for the sixth quarter in a row, as weak sales in key markets including the U.S. and China and the won's strength continue to shackle the automaker. Profit fell 24 percent to $1.5 billion.

Google's self-driving cars, mishaps aside, are 'learning the road,' exec says

July 22, 2015 18:43 CET
The head of Google's self-driving car program, Chris Urmson, said the company's test vehicles are very safe. Recent accidents involving the cars were minor and were the fault of other drivers, not Google technology, Urmson said.

VW is in advanced talks to sell LeasePlan, report says

July 22, 2015 17:15 CET
Volkswagen is in advanced talks to sell its 50 percent stake in financing arm LeasePlan as the carmaker cuts costs and refocuses its business, Reuters reported. LeasePlan finances 1.42 million cars annually.

Audi will replace its China chief amid sales decline

July 22, 2015 13:27 CET
Audi will replace the head of its Chinese operations, Dietmar Voggenreiter, as the carmaker grapples with an accelerating sales decline in its No. 1 market.

Mercedes C-class coupe will swap space for sportiness

July 22, 2015 06:01 CET
Mercedes will trade practical benefits for more sporty exterior styling on the redesigned C-class coupe.

Infiniti unwraps BMW 1 series, Audi A3 fighter

July 22, 2015 06:01 CET
Infiniti has pulled the wraps off the production version of its Q30 compact hatchback that will challenge the BMW 1 series and Audi A3.

Magna will become major transmission player with Getrag acquisition

July 22, 2015 06:01 CET
Magna International's $1.9 billion deal to buy German gearbox supplier Getrag gives the giant Canadian company the technology to supply transmissions for small cars to big vans and nearly everything in between.

New Aisin Seiki boss pressures supplier to compete

July 22, 2015 10:58 CET
A former Toyota executive, Yasumori Ihara, is telling Aisin Seiki, the carmaker's second-biggest supplier. to raise its game across its auto-parts businesses or risk falling behind.

Fiat plans Abarth variant of 124 Spider

July 22, 2015 06:01 CET
The upcoming Fiat 124 Spider, based on the Mazda MX-5 Miata, will spawn a high-performance model, Alfredo Altavilla, COO of Fiat Chrysler's Europe, Africa and Middle East region, told a UK magazine.

 
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