Headlines for Thursday, January 31, 2013

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VW mulls new growth goal as it nears 2018 target

Volkswagen's top managers are drawing up new expansion goals stretching as far as nine years ahead as steady volume gains have already propelled the automaker within reach of its current sales target for 2018. Read More »

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Opel names Neumann as new CEO

Opel named Karl-Thomas Neumann as its new CEO. Neumann, 51, a former head of Volkswagen China and the supplier Continental, will take up the post on March 1. Read More »

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Porsche, hedge funds agree VW case can be heard in Germany

Porsche SE and several hedge funds seeking damages from the company agreed that New York was the wrong place to pursue compensation, and left the door open to bringing a case in German courts. Read More »

Daimler near deal to take stake in China partner, report says

Daimler will sign a deal in Germany on Friday to take a 10 percent to 20 percent stake in Beijing Automotive Group's car unit, China's National Business Daily newspaper said on Thursday. Read More »

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PSA unions bicker over job cuts at crisis-hit automaker

PSA/Peugeot-Citroen labor leaders squared off against one another over a plan to eliminate 17 percent of the automaker's French workforce, with three of the five main unions urging immediate action to stem losses. Read More »

BMW will sell Husqvarna motorcycle brand to KTM owner

BMW agreed to sell its struggling Husqvarna off-road motorcycle unit to focus its two-wheeler efforts on its namesake brand. Read More »

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VW German workers want a pay hike of up to 6.5%

Workers at Volkswagen's German factories may seek as much as 6.5 percent more pay this year, demanding a share of the company's record sales, VW's top labor representative said. Read More »

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Honda trims full-year profit forecast

Honda cut its full-year profit forecast as lower sales in China and Europe overshadowed the benefits from the weaker yen. Net income will likely be 370 billion yen ($4.1 billion) in the 12 months ending March 31, compared with its previous estimate for 375 billion yen. Read More »

Autoliv says weak European car market will dent first-quarter sales

Autoliv said its sales in the first quarter of 2013 were likely to fall 4 percent due to weak European car markets. Read More »

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PAUL MCVEIGH:

New Opel CEO Neumann may have a mission impossible

Opel's new CEO, Karl-Thomas Neumann, is an auto industry veteran but he hasn't remained in a top job long enough to judge whether he can turnaround around GM's European operations. Read More »

Goodyear will close French plant on Europe troubles

Goodyear will close its main French plant and cut its work force in the country by 39 percent amid labor disputes and plunging auto demand in Europe. Read More »

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Fiat renames Maserati plant after company patriarch

Fiat has renamed its Maserati plant after company patriarch Giovanni “Gianni” Agnelli. The Italian industrialist and controlling Fiat shareholder served as the company's chairman from 1966 to 1996. He passed away a decade ago this month at age 81. Read More »

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Tata denies it plans European production in Romania

Tata Motors has denied that it plans to open a vehicle assembly plant in Romania. Read More »

 
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Nissan offers rare peek into battery making

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

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A rare tour of Nissan's UK battery plant demonstrated how tricky it is to build the product. ...
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Why loyalty leads to fewer dealership visits

Luca Ciferri
12:01 am U.S. ET | Dec. 11 2014

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A customer visited a dealership an average of six times in the UK before completing a purchase in 1994. That number dropped to 1. ...
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BMW's manufacturing arm also produces future leaders

Luca Ciferri
6:44 am U.S. ET | Dec. 9 2014

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BMW's manufacturing arm not only builds great cars -- it also produces the company's future leaders, as the appointment of Harald Krueger to succeed CEO Norbert Reithofer... ...
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VW's Diess takes pole position to replace Winterkorn

Christiaan Hetzner
6:30 am U.S. ET | Dec. 9 2014

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VW's announcement that it poached BMW development chief Herbert Diess to run its flagship VW brand puts the 56-year-old manager in pole position to succeed Martin Winterkorn.. ...
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Prepare to embrace McLaren's anticipate-and-act tactics

Lindsay Chappell
12:01 am U.S. ET | Dec. 8 2014

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People in the car business are so used to being lectured on how they are doing things wrong -- social media, customer service, what have you -- that it's notable whenever an.. ...
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France is hurting its domestic automakers with diesel policy shift


5:55 am U.S. ET | Dec. 5 2014

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For environmental and public health reasons France is ending a government policy that has long promoted the purchase of diesel cars, but the move will hurt domestic... ...
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FAW bribe scandal should be wake-up call for Beijing

Yang Jian
12:01 am U.S. ET | Nov. 28 2014

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Allegations of rampant bribery at FAW-VW should provide an urgent wake-up call to Beijing to abandon the country's JV rule for foreign automakers. ...
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Why Audi over-engineered its fuel cell

Luca Ciferri
12:01 am U.S. ET | Nov. 28 2014

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Audi r&d boss Ulrich Hackenberg provided a concise answer when asked why the carmaker's fuel cell al ...
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How to get the U.S. into diesels

Douglas A. Bolduc
8:07 am U.S. ET | Nov. 28 2014

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European automakers and suppliers have been trying for years to get U.S. drivers excited about diesels. Experience has proved that a test drive can be a deal-maker. ...
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Michelin gains from homegrown distrust in China

Nick Gibbs
6:22 am U.S. ET | Nov. 26 2014

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European sales of cheap Chinese tires are growing fast, but in China suppliers such as Michelin are winning customers who don't trust homegrown tire makers. ...
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Budget brands win despite Europe's car sales slowdown
New-car registrations in Europe rose 1 percent in November, with budget brands beating the market as ...
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Russian auto market decline slows in November
Russian car sales fell 1 percent in November compared with 10 percent the month before as a state sc ...
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Western Europe car sales lifted by UK as France, Germany falter
Western Europe new-car sales rose 1 percent in November as strong demand in the UK and Spain helped ...
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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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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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Bosch's automotive head quits to become CEO of Mahle
The head of Bosch's automotive division, Wolf-Henning Scheider, has quit the world's top-ranked supp ...
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Ford-Getrag JV names new COO
Getrag Ford Transmissions, a joint venture between the U.S. automaker and the German supplier, has named Sue Slaughter as its chief operating officer. ...
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VW hires BMW exec Diess to lead core car brand
VW Group has appointed BMW development chief Herbert Diess to its management board. ...
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BMW names Krueger next CEO, Reithofer new chairman
BMW CEO Norbert Reithofer will step down in May, one year early, and hand over his post to productio ...
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VW names veteran exec Schmall as components chief
VW named Thomas Schmall as the new core brand board member responsible for components – a key ...
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Daimler appoints journalist to ethics board
Daimler has appointed the former editor-in-chief of the German news agency dpa, Wilm Herlyn, as a me ...
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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 ...
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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. ...
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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. ...
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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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Audi boss calls A3 e-tron the 'perfect' EV
Audi CEO Rupert Stadler calls the A3 Sportback e-tron the “perfect electric vehicle for every ...
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Mercedes pushes S-class plug-in's zip
Mercedes-Benz's marketing plan for the new S-class plug-in hybrid aims to show prospective buyers th ...
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Lexus readies hybrid-only BMW X5, Mercedes M class rival
Lexus is counting on the NX hybrid to help it stand out against Europe's top-selling premium large c ...
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VW says Golf GTE plug-in hybrid offers the 'best of both worlds'
Volkswagen says its Golf GTE plug-in hybrid offers eco-friendly buyers the “best of both world ...
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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 ...
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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 ...
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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 ...
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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 ...
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BWI Group gives Lamborghini Huracan added stability
BWI Group provides added stability to the new Lamborghini Huracan with its optional magneto-rheologi ...
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Magna, Haartz team up on Opel Cascada roof
Magna International and Haartz Corp. teamed up to supply the new Opel Cascada's folding softtop roof ...
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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 ...
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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 ...
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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 ...
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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. ...
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