Headlines for Wednesday, April 24, 2013

Quick search (past 7 days):
- or -
Choose a date:


Use the form on the right to select a specific day >>

VW keeps targets after first-quarter profit falls 26%

April 24, 2013 12:04 CET
Volkswagen is sticking to its goal to match last year's record operating profit and vehicle sales after first-quarter profit dropped 26 percent on falling demand in Germany and heavy spending on new vehicles.

Daimler plans 300 million euro expansion in Romania

April 24, 2013 15:08 CET
Daimler will invest more than 300 million euros to build a factory in Romania to assemble transmissions for its Mercedes-Benz brand after reaching full capacity at its main powertrain plant near Stuttgart.

Mitsubishi pinpoints lithium ion battery glitch

April 24, 2013 20:43 CET
Mitsubishi has pinpointed the cause of the lithium ion battery glitch that forced it to halt production of the Outlander plug-in hybrid crossover and most i electric cars. Mitsubishi said a small number of the affected i EVs were on the road in Europe and the United States.

Fiat weighs New York listing following merger with Chrysler, report says

April 24, 2013 18:19 CET
Fiat may select New York as the primary exchange for its stock after a planned merger with Chrysler Group, sources said. The move would be highly political and symbolic for debt-ridden Italy as it struggles to emerge from a cycle of recessions.

Renault Q1 revenue falls 12% on weak Europe

April 24, 2013 18:19 CET
Renault said first-quarter revenue fell 11.8 percent on a 4.7 percent decline in global deliveries but the company reiterated its goal of achieving a positive automotive operating margin for the full year.

GM will invest 230 million euros to expand Opel test facilities

April 24, 2013 13:19 CET
General Motors will invest 230 million euros ($299 million) on test facilities for Opel as part of its effort to break even in Europe by 2015.

PSA says Q1 revenue fell 6.5% on European slump

April 24, 2013 08:34 CET
PSA/Peugeot-Citroen said first-quarter revenue fell 6.5 percent as its vehicle sales abroad failed to offset a recession in Europe. PSA said it will implement additional measures to attain its goal of breaking even next year if the European market continues to falter.

Ford profit rises despite $462 million Europe loss

April 24, 2013 13:02 CET
Ford today said its first-quarter net income rose 15 percent from a year earlier despite a $462 million operating lose in Europe. Ford reaffirmed its forecast for a 2013 loss in Europe of about $2 billion. In 2012, the loss was $1.75 billion.

Daimler lowers 2013 profit goal after first-quarter earnings drop 56%

April 24, 2013 08:19 CET
Daimler cut its 2013 profit forecast after its quarterly earnings fell 56 percent, burdened by Europe's slump and weaker Mercedes-Benz sales in China.

Henrik Fisker: 'Confluence of events' led to company's downfall

April 24, 2013 06:01 CET
Henrik Fisker's testimony before the U.S. Congress today will paint the automaker he founded as a victim of "a confluence of events" and as an enterprise that is capable of being saved.

Gentex earnings drop 2% in first quarter

April 24, 2013 06:01 CET
Gentex, a U.S. supplier of automotive rearview mirrors and related parts, reported a 2 percent decline in net profits for the first quarter, citing a decrease in vehicle production in Japan, Korea and Europe.

LUCA CIFERRI

Why even a weak China is good news for European automakers

12:01 am U.S. ET | April 24, 2013
The Shanghai auto show proved once again that China is the promised land for automakers, particularly Europeans bracing for a sixth straight year of declining car sales in their home region.

 
Newsletters & Alerts
  • Sample
  • Sample
  • Sample
  • Sample
Most Read
Why autonomous cars should drive the way we do

Krishnan M. Anantharaman
12:01 am U.S. ET | Aug. 24 2015

image
As drivers, we're never as comfortable as when we or someone with the same risk tolerance and drivin ...
 Read More ›

Why the Chinese market rout is hitting global auto brands

Yang Jian
5:04 am U.S. ET | Aug. 21 2015

image
The Chinese government's decision to allow small and medium-sized businesses to list on the stock market produced a rout that wiped out the wealth of middle-class consumers,. ...
 Read More ›

Why Jaguar Land Rover picked 'Detroit East'

Jesse Snyder
12:01 am U.S. ET | Aug. 17 2015

image
Jaguar Land Rover's selection of Nitra, Slovakia, for its next assembly plant dashed hopes in the U. ...
 Read More ›

Turin auto show reboot provides hope

Luca Ciferri
12:01 am U.S. ET | Aug. 14 2015

image
Many European cities have lost or downsized their auto shows in recent years because they cannot com ...
 Read More ›

Skoda is poised to profit from protecting dogs in cars

Olive Keogh
12:01 am U.S. ET | Aug. 12 2015

image
Skoda is one of the first automakers to offer a range of safety accessories to attract dog-loving mo ...
 Read More ›

VW's Seat brand puts brakes on sportiness to lure family buyers

Nick Gibbs
12:01 am U.S. ET | July 12 2015

image
VW's Spain-based Seat brand is no longer the “Spanish Alfa Romeo” after moving away from ...
 Read More ›

image
Auto sector takes hit in Q2
As European stock markets retreated in the second three months of this year automakers and suppliers ...
 Read More ›
image
European H1 sales growth tops predictions, but Greece causes concern
Europe's first-half vehicle sales grew by a stronger-than-expected 8. ...
 Read More ›
image
Western Europe car sales rise 9%, boosted by Germany, Italy, Spain
Western European new-car sales jumped 8.8 percent in July, boosted by higher demand in Germany and r ...
 Read More ›
image
European car sales rebound continues in July
The recovery in European car sales continued in July as sales rose in the major markets of Germany, ...
 Read More ›
image
French car sales rise 2% percent in July
French car sales rose 2.3 percent in July, led by strong gains at Fiat, Hyundai and Toyota. ...
 Read More ›
image
Greek sales slide amid broader European rebound
New-car sales in Greece fell 22 percent last month, the sharpest drop of any western European car ma ...
 Read More ›
image
UK new-car sales rise 13% in June boosted by low finance deals
UK new-car registrations in June increased 13 percent to 257,817. The increase meant that sales wer ...
 Read More ›
image
German car sales rose 13% in June, helped by extra sales days
New-car registrations in Germany increased 13 percent in June, helped by two extra sales days and a ...
 Read More ›
image
Spanish new-car sales jump 24% as scrappage program boosts demand
Spanish new-car sales rose 24 percent in June as a government-backed subsidy scheme continued to boo ...
 Read More ›
image
Opel names engineer to oversee quality
Opel named mechanical engineer Elvira Toelkes as its new head of quality in Europe. Toelkes will be ...
 Read More ›
image
Bugatti names former Bentley, Ferrari exec as marketing boss
Bugatti named Oliver Winkes as its new marketing chief. ...
 Read More ›
image
Industry veteran Steve Miller takes helm of IAC
Supplier industry veteran Steve Miller will take over as CEO of International Automotive Components, whose CEO, Jim Kamsickas, is leaving the company to become chief... ...
 Read More ›
image
Renault-Nissan names Olive as head of manufacturing engineering, supply chain
The Renault-Nissan Alliance named Jerome Olive its new executive vice president of manufacturing engineering and supply chain management, effective Aug. 1. ...
 Read More ›
image
CLEPA names Brembo exec as next president
European suppliers association CLEPA named Brembo executive Roberto Vavassori as its next president. ...
 Read More ›
image
Jaguar Land Rover will make China chief its Europe boss, source says
Jaguar Land Rover will move Bob Grace, its China chief, to lead its European unit, a source said. ...
 Read More ›
image
JLR said to move China head to lead European unit
Jaguar Land Rover will move Bob Grace, its China chief, to lead its European unit, a source said. ...
 Read More ›
image
Toyota Europe's new sales boss must hold off surging Nissan
Toyota's new European sales and marketing boss, Matt Harrison, faces the challenge of defeating Japa ...
 Read More ›
image
Hyundai to hire Donckerwolke to succeed Schreyer, report says
Hyundai Motor will hire Volkswagen Group veteran Luc Donckerwolke to succeed Peter Schreyer as head ...
 Read More ›
image
Bentley's new design chief is ex-Audi styling boss Sielaff
Bentley's design chief, Luc Donckerwolke, has decided to leave the carmaker. ...
 Read More ›
image
Mercedes aims to expand crossover appeal with tech, right-hand drive GLC
Mercedes expects that its latest compact SUV model, the GLC, will generate higher sales than the GLK ...
 Read More ›
image
Mercedes GLC seeks to widen appeal with tech, right-hand drive
Mercedes expects that its latest compact SUV model, the GLC, will sell more than the GLK it replaces ...
 Read More ›
image
Mazda makes new MX-5 lighter, more agile
The fourth-generation Mazda MX-5 represents the biggest step to date in the roadster's development. ...
 Read More ›
image
BMW boosts the 'X-ness' of baby SUV
BMW set out to make the second-generation X1 look, feel and perform more like its bigger SUV sibling ...
 Read More ›
image
Mazda fears capacity constraints for new CX-3
Mazda executives believe the CX-3's responsive handling, distinctive design and segment-first equipm ...
 Read More ›
image
Audi makes Q7 more agile, frugal
Audi has packed its new Q7 with a rich mix of advanced technologies that improve safety, comfort and ...
 Read More ›
image
Honda positions HR-V as compact SUV to justify higher price
Honda is positioning and pricing its new HR-V in Europe to compete in the compact SUV segment, even ...
 Read More ›
image
Skoda makes new Superb smarter and more spacious
Skoda has loaded its Superb midsize car with semi-autonomous driving technology typically found on m ...
 Read More ›
image
BMW expands its minivan family with 2-series GT
BMW is expaning further beyond its roots as a maker of sporty sedans with the 2-series Gran Tourer, ...
 Read More ›
image
Ford's sleek new S-Max gets tech boost
Ford has given its new S-Max a wide array of advanced technologies and a sleeker design. ...
 Read More ›
image
Nexteer helps make Opel Corsa's steering safer
Nexteer Automotive's column-assisted electric power steering system in the new Opel/Vauxhall Corsa i ...
 Read More ›
image
Eberspaecher, GKN, Marelli have key parts in new Fiat 500X
Eberspaecher, GKN Driveline and Magneti Marelli contribute key parts to the new Fiat 500X that inclu ...
 Read More ›
image
Key Safety Systems, Delphi, BorgWarner are key suppliers to the new Ford Mondeo
Key Safety Systems, Delphi and BorgWarner supplies the new Ford Mondeo with key components that incl ...
 Read More ›
image
Preh teams up with Audi on new TT's high-tech air vents
German supplier Preh teamed up with Audi to equip the TT with heating and air conditioning controls ...
 Read More ›