Headlines for Friday, February 22, 2013

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NICK GIBBS:

XC90 delay irks Volvo CEO

Volvo CEO Hakan Samuelsson is not happy that the automaker has waited more than a decade to debut a new XC90, which was once the brand's best seller. Global sales of the XC90 fell 21 percent last year. Demand is not expected to rebound until the all-new XC90 goes on sale in early 2015. Read More »

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Bosch happy to be on battery sidelines – for now

Bosch Chairman Volkmar Denner is happy that the supplier pulled out of its venture to develop and build lithium ion batteries last year. He says the market is over-saturated with too much capacity for lithium ion batteries. Read More »

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Volkswagen forecasts unchanged 2013 operating profit on Europe

VW Group forecast 2013 operating profit will match last year's level, as the shrinking auto market in Europe weighs on earnings. VW is targeting earnings in 2013 on the same level as the 11.5 billion euros earned last year. Read More »

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Valeo profit falls 11% despite record orders

French parts supplier Valeo said profit dropped 11 percent last year despite record orders for its fuel-saving and safety technologies. Read More »

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GM pledges $7.3 billion investment in S. Korea unit

General Motors said it would invest $7.3 billion in its South Korean unit over the next five years -- an amount which will likely help relieve concerns that the U.S. automaker was set to reduce its presence in the country. Read More »

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Zetsche aims to lift Mercedes' China sales 50% by 2015

Daimler CEO Dieter Zetsche has vowed to raise the Mercedes brand's China sales 50 percent by 2015 after the automaker's deliveries last year rose only 2 percent to 196,211 units. Read More »

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Bosch seeks to boost common-parts sales to Japanese carmakers

Bosch is seeking to boost its business with Japanese carmakers and take advantage of their plans to increase the number of common parts across models. Read More »

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Former Fiat advisers found guilty of misleading market

Two former Fiat advisers have been handed suspended jail sentences and fines by an Italian appeals court for misleading the market in a 2005 stock transaction that secured the Agnelli family's control of the carmaker. Read More »

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Mazda expects the CX-5 to help boost Europe sales by 15%

Mazda expects to boost European sales by 15 percent after better-than-expected sales of its CX-5 crossover, said Jeff Guyton, Mazda's Europe chief. Read More »

 
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Farewell to an auto PR legend

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Nothing was impossible for automotive PR man Tom Kowaleski even literally crashing into an auto show ...
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Jeep uses Paris boat show to gain traction

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So what is a Bentayga?

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12:01 am U.S. ET | Jan. 14 2015

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Zetsche, Tesla's Musk have similar timetables for self-driving cars

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Daimler CEO Dieter Zetsche and Tesla CEO Elon Musk have very similar timetables for when they think autonomous cars will be on the road. ...
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12:25 am U.S. ET | Jan. 13 2015

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Zetsche rejoices in U.S. rebound

Christiaan Hetzner
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Daimler CEO Dieter Zetsche expects the U.S. ...
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Is BMW 9 series a step closer?

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Nissan offers rare peek into battery making

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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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Europe 2014 sales rise on low-cost brands shift
European car sales in 2014 rose for the first time in seven years, thanks to government incentives, ...
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Russia car sales forecast to drop 24% as economic crisis worsens
Russian car sales are set to decline by 24 percent this year after falling 10 percent in 2014 as the ...
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W. Europe car sales up 5% in 2014; 3% gain seen for 2015
New-car sales in western Europe increased by 5 percent in 2014, the best result since 2009, but grow ...
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German car sales rose 7% in December on extra selling day
New-car sales in Germany rose 7 percent in December, returning Europe's largest auto market back to positive annual growth after two years of shrinking sales. ...
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Car sales slump in France in December, but rise in Spain and Italy
France's floundering economy pushed car sales 7 percent lower in December, while Spanish sales jumpe ...
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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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Ford names new lobbyist in Europe as free trade, CO2 pressure intensifies
Ford of Europe has promoted veteran lobbyist Andrew McCall as its new vice president for government ...
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New Mini boss is former Audi executive
BMW named former Audi executive Sebastian Mackensen as head of its Mini brand. ...
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Volvo appoints Kerssemakers as U.S. chief
Volvo is reshuffling its North American management by appointing global corporate product strategy c ...
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McLaren names new design chief
UK supercar maker McLaren promoted Robert Melville to the post of chief designer, reporting to the c ...
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VW's Seat brand recruits Ford designer Lamm
Volkswagen's Seat brand has recruited Ford of Europe stylist Stefan Lamm as its new head of exterior ...
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Aston Martin hires former Porsche exec as China boss
Aston Martin has hired former Porsche and BMW executive Michael Mingshan Peng as its new China boss ...
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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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Daimler seeks profitability at Smart with 2 minicar sizes
Daimler hopes to make its Smart small-car unit sustainably profitable by offering the same car in tw ...
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VW Passat tackles trailer troubles
Volkswagen has made a big effort to ensure its latest Passat remains Europe’s best-selling mid ...
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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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ZF provides Maserati Quattroporte with leaner, smarter transmission
ZF supplies the new-generation Maserati Quattroporte's eight-speed automatic transmission, which is ...
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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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