World Markets
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 » Comments [0] | Recommendations [0]
Marchionne apologizes for 'wop engine' comment
May 21, 2013 17:44 CET
Chrysler-Fiat CEO Sergio Marchionne has issued a written apology to an Italian-American anti-bias organization for saying at the Detroit auto show that an Alfa Romeo needed a "wop" engine.... Read More »| Related topics: | Europe Manufacturing | Americas | Asia | Global News | China | Europe | Eastern Europe | Western Europe |
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 »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 »Asia
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Automotive News Europe
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 »Italy's Sogefi said to sell $115 million bonds in U.S. private placement
May 20, 2013 08:49 CET
Italian supplier Sogefi sold $115 million in bonds to U.S. investors in a private placement and is planning to sell another 25 million-euro ($32 million) note, a person familiar with the transaction said.... Read More »2013 RISING STARS
Automotive News Europe salutes Filiz Albrecht
May 20, 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 Filiz Albrecht, group vice president of human resources at supplier Mann + Hummel.... Read More »Audi overtakes BMW as India's top-selling premium brand
May 18, 2013 06:01 CET
Audi has overtaken BMW as India's top seller of luxury vehicles, and Audi executives say the success is due to the automaker's rapid expansion outside large urban centers, as well as the Q3 SUV introduced last year.... Read More »Europe car sales rise for first time in 19 months
May 17, 2013 08:34 CET
European car sales rose for the first time in 19 months on strong demand in the UK and a rebound in Germany. Registrations in April increased 2 percent to 1.08 million vehicles from 1.06 million cars a year earlier, industry association ACEA said.... Read More »PSA workers end 4-month strike over car plant closure
May 17, 2013 15:05 CET
Workers at a PSA factory near Paris have agreed to end a four-month strike in protest against the planned closure of the plant.... Read More »In boost to GM and VW, China resumes incentives for foreign auto investment
12:01 am U.S. ET | May 17, 2013
A surprise policy shift in China is expected to give a boost to GM, Volkswagen Group and other foreign automakers planning to expand in the world's largest car market.... Read More »VW Group sales increase 7% in April
May 17, 2013 12:06 CET
Volkswagen Group's global monthly sales picked up pace again in April after growing at their slowest rate in more than three years a month earlier. VW Group said on Friday that deliveries to customers rose 7 percent to 784,600 vehicles last month.... Read More »
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Special Report
 Toyota's Lentz: 'It's really a three-horse race'Toyota's Jim Lentz believes the Camry will extend is 11-year reign as the best-selling car in the United... Mon., May 20» Watch the Video |
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