Headlines for Friday, March 15, 2013

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Opel to freeze pay as Ford's Belgian workers agree on severance

GM and Ford won employees' approval in Europe for labor-cost cut plans to restore earnings in the region in response to a recession that's reducing vehicle sales. Manufacturing workers at Ford's plant in Genk, Belgium, and its suppliers will end walkouts after agreeing to severance packages. Read More »

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PSA mirrors VW, readies megaplatform to cut costs

PSA is planning to produce its compact, mid-sized and SUV models on a common platform that also is likely to underpin models made by alliance partner GM. Read More »

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Porsche hopes to match last year's 2.4 billion euro profit in 2013

Porsche is aiming to match last year's profit in 2013, the company said on Friday. In 2012 Porsche posted an operating profit of 2.44 billion euros ($3.17 billion). Porsche said net debt dropped to 1.87 billion euros at the end of December from 2.58 billion at the end of 2011. Read More »

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Girsky irked by Europe's chilly reception for plug-in

GM Vice Chairman Steve Girsky isn't happy with the lukewarm reception the Opel Ampera plug-in hybrid has received in Europe. Read More »

VW shares worth 929 million euros put on sale by Deutsche Bank

Deutsche Bank put on sale a block of about 5.8 million Volkswagen AG preferred shares for as much as 929 million euros ($1.21 billion) in an accelerated bookbuilding. Read More »

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Winterkorn open to further VW acquisitions

VW Group remains open to making further acquisitions, though the German group has its work cut out integrating its 12 brands, CEO Martin Winterkorn said. "We are currently well positioned with 12 brands, but there are always opportunities that one cannot pass up," Winterkorn said. Read More »

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Opel is 'in attack mode,' will survive, says CEO Neumann

New Opel CEO Karl-Thomas Neumann says he can revive the beleaguered European brand and stem its persistent losses -- with plenty of help from parent company General Motors. Read More »

VW, BMW predict 'difficult' 2013 on Europe slump, China slowdown

VW Group and BMW Group predicted a "difficult" 2013 as the European auto market contracts, vehicle prices in the region drop and growth in China slows. VW CEO Martin Winterkorn said the automaker is confronting "tougher competition and difficult economic conditions." Read More »

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Europe's sales disaster is deja vu for GM's Docherty

Susan Docherty, head of Chevrolet and Cadillac in Europe, is girding for an industry sales slide of 6 percent this year atop last year's 8 percent drop. But there's a bright side: She has seen this play before. Read More »

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PSA sells BNP stake for 177 million euros to boost financing

PSA sold its stake in French bank BNP Paribas for about 177 million euros ($229 million) to boost financing as part of a restructuring at Europe's second-largest carmaker. Read More »

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XL1 coupe paves the way for VW plug-in hybrids

The debut of the Volkswagen XL1, touted by VW as the world's most fuel-efficient production car, marks VW's entry into the plug-in hybrid market. Read More »

 
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At PSA, Tavares echoes Renault's management template

Bruce Gain
12:01 am U.S. ET | June 24 2014

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PSA/Peugeot-Citroen CEO Carlos Tavares's new executive committee structure is very much like the one he left behind at Renault when he was Carlos Ghosn's No. 2. ...
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Toyota exec ready to 'help' Nissan in Europe

Douglas A. Bolduc
12:01 am U.S. ET | June 23 2014

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Toyota Europe CEO Didier Leroy says he's ready to “help” Nissan achieve its stated goal of becoming the top-selling Japanese automaker in the region. ...
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Walter de Silva: Italy's loss, VW's gain

Luca Ciferri
6:37 am U.S. ET | June 13 2014

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Walter de Silva had to leave Italy to become a legend in the vehicle design world. It's a common sto ...
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Ford of Europe's quiet designer made a big impact

Bradford Wernle
12:01 am U.S. ET | June 6 2014

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Martin Smith, Ford's longtime design director for Europe, is not a man of many words. ...
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Toyota Europe boss shares secrets to his success

Douglas A. Bolduc
1:22 am U.S. ET | June 4 2014

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Toyota Europe CEO Didier Leroy says that to become a true leader you should not worry about making your boss happy. ...
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Zetsche sees speedy uptake of F1 tech in Mercedes cars

Luca Ciferri
12:01 am U.S. ET | May 30 2014

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Dieter Zetsche foresees Mercedes models benefiting quicker than ever from the automaker's participat ...
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How PSA's DS division aims to sell French chic worldwide

Bruce Gain
12:01 am U.S. ET | May 29 2014

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PSA's Paris dealership dedicated to the upscale DS brand is much like a high-end French restaurant: ...
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Mini boss experiences love at first sight

Luca Ciferri
5:43 am U.S. ET | May 26 2014

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Mini boss Peter Schwarzenbauer's passion for the Superleggera Vision concept is deep. One look at the car and you'll understand why. ...
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Zetsche on EU: Relish the peace


12:01 am U.S. ET | May 23 2014

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Daimler CEO Dieter Zetsche says it is important not to lose sight of the many benefits of a united Europe. One he never takes for granted is peace. ...
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Google self-driving cars master delicate dance of city driving

Gabe Nelson
1:19 pm U.S. ET | May 14 2014

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Sitting in one of Google's self-driving vehicles feels like it does with a person in control. The te ...
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Europe car sales rise for ninth month
Europe's car sales rose 4 percent in May as growing consumer confidence encouraged purchases of new ...
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UK car sales rise to 10-year monthly record in May
UK car sales rose nearly 8 percent in May to hit a 10-year record for the month, but future demand i ...
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European car sales lackluster in May
New-car registrations across Europe were generally lackluster in May after a rebound in the first fe ...
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European sales rise 4% in April
New-car registrations in Europe rose 4 percent in April with mass-market automakers Renault, Ford, O ...
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Russian car sales fall 8% in April on weak ruble
Russian car sales fell 8 percent in April as the weak ruble hit consumer demand. ...
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W. Europe car sales headed for 4% growth after strong April
Western European car sales may rise 4 percent to 12.04 million this year as the region's auto market continues its recovery. ...
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German car sales fall for first time in five months
Sales of new cars in Germany fell by nearly 4 percent in April, bucking the trend in the other major ...
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European car sales rise 10% in March
European car sales jumped 10 percent in March, the seventh consecutive monthly gain, as new models t ...
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European car sales recovery gains pace as German deliveries rise 5%
Germany joined France, Italy and Spain in posting higher new-car sales in March, adding to signs tha ...
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European car sales rise 8% in February as region's economy revives
European car sales rose by nearly 8 percent percent in February, the sixth consecutive monthly gain, ...
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Renault names new engineering chief
Renault named company veteran Gaspar Gascon Abellan as its new engineering chief. Abellan succeeds J ...
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SGL Carbon names Majerus as CFO
Carbon fiber manufacturer SGL Carbon has named Michael Majerus as its new chief financial officer. He starts a three-year term on July 1. ...
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Tavares names Europe chief, reshuffles top jobs at PSA
PSA CEO Carlos Tavares has appointed a boss for the company's European operations and recruited a fo ...
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IAC promotes veteran exec to head European commercial operations
Luxembourg-based supplier International Automotive Components (IAC) has promoted Marcus Nyman to senior vice president of commercial operations for the European region. ...
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Hyundai Europe marketing boss Hall quits
Hyundai, one of the few carmakers not benefiting from a rebound in European car sales, said its mark ...
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Ford names Mustang styling chief new Europe design boss
Ford has named Joel Piaskowski, who helped create the automaker's new Mustang, to head its design team in Europe. He will succeed Martin Smith on July 1. ...
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Rolls-Royce picks former Infiniti, Audi exec to lead sales
Rolls-Royce has named former Infiniti and Audi executive Fintan Knight as its new director of sales ...
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Ex-Renault marketing boss Norman joins PSA
PSA CEO Carlos Tavares has chosen former Renault colleague Stephen Norman as senior vice president o ...
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Rolls-Royce recruits former Chery executive
Rolls-Royce named Brett Soso, a former executive at China carmaker Chery, as regional director for t ...
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PSA names new chiefs for Citroen and DS brands
Citroen's UK chief, Linda Jackson, will replace Frederic Banzet as the brand's CEO while strategy di ...
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Nissan wants e-NV200 to steal sales from diesel rivals
Nissan wants fleet managers in Europe to turn away from diesel-powered delivery vans in favor of its ...
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Peugeot's crossover fighter
Peugeot has high hopes for the new 308 SW despite many customers deserting compact station wagons fo ...
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Porsche adds second SUV
Porsche hopes its Macan compact SUV will be able to repeat the success of its Cayenne, which account ...
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Mercedes C class gets French power
Mercedes is offering a more fuel-efficient powertrain lineup in its new lighter, bigger C class, inc ...
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Kia enhances Soul's SUV traits
Rising demand for subcompact-sized SUV-styled models has driven Kia to put more emphasis on the late ...
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BMW woos U.S. buyers with 2 series
BMW is aiming the 2-series coupe at drivers looking for performance and driving dynamics in a compac ...
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Nissan moves Qashqai upmarket
Nissan is so confident about the new Qashqai that its production capacity is three times that of the ...
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Bigger Mini keeps its charm
The third-generation Mini looks very much like its predecessor but beneath the longer body shell a l ...
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Mercedes touts GLA's sporty looks
Mercedes expects a 70 percent conquest rate for the GLA, the brand's smallest and cheapest SUV. ...
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Seat goes large with Leon ST
Seat is hoping to win new customers to its compact Leon range with the arrival of the Sports Tourer, ...
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Roechling, Plastic Omnium help cut CO2 in new Nissan Qashqai
Roechling Automotive and Plastic Omnium help reduce the drag coefficient in the new Nissan Qashqai t ...
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Brose, Behr, Conti keep Skoda Octavia's cabin cozy
Several suppliers contributed to the Octavia's HVAC system. ...
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TrelleborgVibracoustic helps cut CO2 in Porsche Macan
TrelleborgVibracoustic supplies the Porsche Macan's optional air springs that allow the crossover to ...
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ZF 8-speed cuts fuel use in new BMW 4 series
ZF supplies the new BMW 4 series with its optional eight-speed automatic transmission. ...
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