World Markets
Daimler may sell company-owned German dealerships to cut costs
May 22, 2013 13:19 CET
Daimler may sell four company-owned Mercedes-Benz dealerships in Germany to cut costs and help close a profitability gap with rivals BMW and Audi. Daimler owns 98 Mercedes car showrooms that account for about half of its car sales in Germany, the brand's second-biggest market after the United States.... Read More » Comments [0] | Recommendations [0]
PSA will close r&d site to reduce spending
May 22, 2013 09:49 CET
PSA will shut a French r&d facility as part of a program to reduce spending.... Read More »| Related topics: | Europe Manufacturing | Americas | Asia | Global News | China | Europe | Eastern Europe | Western Europe |
Opel keeps Bochum logistics center open to fulfill contract
May 22, 2013 06:01 CET
Opel will keep a spare-parts distribution center open until 2016 at its plant in Bochum, Germany, as long as two years after car production ends at the site. The plant, which makes the Zafira minivan, is scheduled to close by the end of 2014 after workers rejected a restructuring plan in March that would have extended manufacturing there for another two years.... Read More »VW to modify late-model diesels in N. America to prevent improper fueling
May 22, 2013 06:01 CET
Volkswagen plans to refit more than a quarter million 2009-12 diesel cars to prevent North American customers from mistakenly pumping gasoline into the fuel tanks.... Read More »Two Denso execs to plead guilty to price fixing, U.S. says
May 22, 2013 06:01 CET
Two executives at Toyota-affiliated supplier Denso have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said.... Read More »Lutz's VL Automotive, Chinese supplier bid for Fisker, report says
May 22, 2013 06:01 CET
A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters.... Read More »2013 RISING STARS
Automotive News Europe salutes Darren Cox
May 22, 2013 06:01 CET
Automotive News Europe salutes the winners of the 2013 Rising Stars awards. Every day until June 12 one of the 18 winners will be featured. Today's Rising Star is Darren Cox, Nissan's global motorsports director.... Read More »Former Saab CEO Jonsson, two other execs arrested on tax charges
May 21, 2013 13:04 CET
Three former Saab executives, including former CEO Jan-Aake Jonsson and Chief Financial Officer Karl-Gustav Lindstroem, were arrested by Swedish prosecutors in an accounting-fraud probe.... Read More »Marchionne apologizes for 'wop engine' comment
May 21, 2013 17:44 CET
Fiat-Chrysler CEO Sergio Marchionne has issued a written apology to an Italian-American anti-bias organization for saying that an Alfa Romeo needed a "wop" engine.... Read More »Mercedes workers end strike in S. Africa
May 21, 2013 10:00 CET
A two-day strike at Mercedes-Benz's East London car plant in South Africa ended following crisis talks between management and a workers union.... Read More »Dongfeng-PSA sales rise 37% in April on new models
May 21, 2013 08:49 CET
PSA's China joint venture with Dongfeng Motor Corp. said it increased sales 37 percent last month to 45,303 units helped by strong demand for its stretched Citroen C4 and Peugeot 3008 models.... Read More »French car orders fall 0.5% in April, survey says
May 21, 2013 15:06 CET
The decline in French car orders slowed to 0.5 percent in April, showing signs of stabilization in the auto market, according to a dealership survey by trade publication La Lettre Auto K7. The survey said orders were helped by the launch of several new models last month.... Read More »Asia
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Automotive News Europe
German brands enjoy sales boom in Korea
May 21, 2013 06:01 CET
South Korea has become a growth market for BMW, Mercedes and Audi as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands.... Read More »Magneti Marelli expands China production of lighting components
May 21, 2013 09:15 CET
Magneti Marelli has opened a plant in the southern China city of Foshan to produce rear lights, headlamps and other lighting components. The company aims to secure a 10 percent share of China's lighting market in the midterm.... Read More »Schaeffler confirms 2013 outlook, net debt
May 21, 2013 11:14 CET
German supplier Schaeffler has confirmed its annual forecast for revenue growth of about four percent and an operating profit margin of approximately 13 percent, despite a drop in first-quarter revenue of 3.6 percent to 2.8 billion euros ($3.6 billion).... Read More »2013 RISING STARS
Automotive News Europe salutes Nick Collins
May 21, 2013 06:01 CET
Automotive News Europe salutes the winners of the 2013 Rising Stars awards. Every day until June 12 one of the 18 winners will be featured. Today's Rising Star is Nick Collins, Ford of Europe's global vehicle line director for the B segment.... Read More »BMW counts on new models to keep U.S. luxury lead
May 20, 2013 06:01 CET
Mercedes-Benz led the U.S. premium-brand sales race through April of 2013, but BMW of North America CEO Ludwig Willisch expects BMW to repeat as No. 1 for the year. Willisch says help is on the way in the form of three models debuting later this year: the 3-series GT crossover, 4-series coupe and a redesigned X5 crossover.... Read More »Toyota overtakes BMW as most valuable global car brand
May 21, 2013 01:15 CET
Toyota has overtaken BMW as the world's most valuable automotive brand, an annual ranking of the world's top brands shows. Toyota's 2013 brand value rose 12 percent to $24.5 billion largely because of its significant inroads in the hybrid market, according to the study.... Read More »Continental names veteran exec Cramer as China head
May 20, 2013 11:38 CET
German supplier Continental has named veteran executive Ralf Cramer to head its operations in China, which it sees as the main driver of its growing business in Asia. The company says it gets around 18 percent of its sales from Asia and wants to increase this proportion to more than 30 percent.... Read More »Magna opens body, chassis plant in China's Chongqing
May 20, 2013 09:36 CET
Magna's Cosma unit has opened a plant in southwest China to supply body and chassis parts to automakers in the area including Ford Motor Co. and Volkswagen.... Read More »
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