Automotive News Europe Breaking Alerts

Volkswagen offices raided by German prosecutors

Oct. 8, 2015 15:28 CET | UPDATED: Sep. 8 16:37 CET - adds new details
VW Group offices were searched by German prosecutors as authorities look for documents and data related to VW's manipulation of diesel emissions. The raid was carried out by three prosecutors and about 50 police officers.

VW will recall diesel models in Europe starting in January, Mueller says

Oct. 7, 2015 06:01 CET
VW Group will launch a recall in Europe of cars with software designed to skirt diesel emissions tests starting in January and will complete the fix by the end of next year, CEO Matthias Mueller told a German newspaper.


VW has no evidence against suspended top engineers, report says

Oct. 5, 2015 19:41 CET
VW has not found any evidence against three top engineers suspended as part of its internal investigation into the rigging of U.S. emissions tests, Reuters reported.

Maserati's marketing chief Chehab resigns

Oct. 4, 2015 23:00 CET
Saad Chehab, Maserati's chief marketing officer, has resigned after nearly two years in the position. Chehab, 48, quit for personal reasons, according to a source familiar with the move.


Berlin says no signs carmakers other than VW manipulated tests

Oct. 2, 2015 12:56 CET
The German transport ministry has no indications that any carmakers other than Volkswagen have manipulated emissions tests, a spokesman said today. Separately, authorities in France, Italy and Switzerland took further action again the automaker.


German prosecutors backtrack on Winterkorn's role in VW probe

Oct. 1, 2015 10:44 CET
German prosecutors have been forced to backtrack in their probe of former VW Group CEO Martin Winterkorn. They now say there must be "concrete facts" before an investigation begins into the executive amid accusations of fraud at the automaker connected to cheating on U.S. emissions tests.


Porsche names Blume new CEO

Sept. 30, 2015 14:50 CET
Porsche has named production chief Oliver Blume as the new CEO at the VW Group subsidiary. The company also said that Porsche North America chief Detlev von Platen would succeed Bernhard Maier as the automaker's global sales boss.


Nissan 'calm' as it prepares to pass Toyota in Europe

12:01 am U.S. ET | Sept. 29, 2015
Nissan's top salesman in Europe says the mood is “calm” at the automaker as it gets closer to passing rival Toyota as Europe's top-selling Asian brand. The last time Nissan topped Toyota in Europe was 1997.


Ex-VW CEO Winterkorn faces fraud probe in Germany

Sept. 28, 2015 13:16 CET
Prosecutors in Germany have opened a criminal probe into former VW Group CEO Martin Winterkorn after the automaker admitted it cheated emissions tests in some of its diesel cars.


Bosch warned VW about illegal software use in diesel cars, report says

Sept. 27, 2015 16:00 CET
Bosch warned VW in 2007 that it would be illegal to use engine management software at the heart of the diesels emissions rigging scandal in production cars, a German newspaper said. Bosch supplied the software for test purposes, the paper said. VW was also warned by one of its own engineers in 2011 about illegal emissions testing practices, another paper said.


VW names Mueller as Winterkorn's successor; Seat, Skoda get new CEOs; sales chief is out

Sept. 25, 2015 14:11 CET
VW Group's supervisory board named Matthias Mueller as the automaker's new CEO. Sales boss Christian Klingler is out, Winfried Vahland will lead North America operations and Audi sales chief Luca de Meo will head the Seat brand.


VW rigged tests on 2.8 million cars in Germany, Berlin says

Sept. 25, 2015 15:41 CET
VW rigged emission tests on about 2.8 million diesel vehicles in Germany, the country's transport minister said, nearly six times as many as it has admitted to falsifying in the U.S.


Audi r&d boss, Porsche engine chief will go as VW cleans house over emissions scandal, reports say

Sept. 24, 2015 13:45 CET
At least four high-ranking VW Group executives will be forced to quit as part of the automaker's shake-up, reports said. The group's Seat brand is set to get a new boss from Audi while Skoda's CEO will lead U.S. operations, according to reports.


VW set to name Porsche chief as next CEO

Sept. 24, 2015 17:31 CET
Volkswagen Group's supervisory board will pick Matthias Mueller, the head of Porsche, as its next chief executive to succeed Martin Winterkorn, reports said.

Volkswagen CEO Winterkorn resigns amid diesel scandal

Sept. 23, 2015 17:07 CET
VW Group CEO Martin Winterkorn resigned his post, taking responsibility for the automaker's rigging of U.S. diesel emissions tests. Senior members of VW's supervisory board said they expect further heads to roll as an investigation seeks to identify who was responsible for what has turned into the biggest scandal in the company's history.

PSA will develop electric vehicle with Dongfeng

Sept. 16, 2015 10:54 CET
PSA/Peugeot-Citroen will develop an electric vehicle with Chinese partner Dongfeng, the French automaker's r&d head, Gilles Le Borgne, said.

BMW CEO Krueger collapses on stage at Frankfurt show

Sept. 15, 2015 08:48 CET
BMW Group CEO Harald Krueger collapsed on stage at the Frankfurt auto show. Krueger is recovering well after a "moment of dizziness," BMW said.


Infiniti will sell tall Q30 to tempt SUV/crossover buyers

Sept. 14, 2015 11:54 CET
Infiniti will add a version of its Q30 hatchback with a raised height in a bid to attract some of the increasing numbers of buyers choosing cars with SUV styling. Presented in two variants, called the SE and Premium, the models are 20mm taller than the Sport version.


Volkswagen unveils bigger, lighter Tiguan

Sept. 14, 2015 06:01 CET
Volkswagen has made its new-generation Tiguan compact SUV longer, wider and lower than than the current model and will add a long-wheelbase variant for the U.S. and Chinese markets.


Jaguar says F-Pace will set benchmark for ride and handling

Sept. 14, 2015 13:29 CET
Jaguar says the new F-Pace crossover is an "all-weather, all-surface Jaguar sports car" that will set a new benchmark for ride and handling compared with rivals. The car will compete against SUVs such as the Porsche Macan, BMW X4 and Audi Q5.

Ford, GM, JLR, China's Lifan make big changes to European car assembly footprint

Sept. 4, 2015 06:01 CET
Ford, GM, JLR and China's Lifan have made the biggest moves affecting European production in the past year. Automotive News Europe's new Guide to European Assembly Plants features data on more than 140 plants.

VW finance chief Poetsch proposed as next chairman

Sept. 3, 2015 14:54 CET
Volkswagen Group's controlling parent company, Porsche Automobil Holding, said it has proposed Hans Dieter Poetsch as chairman of Volkswagen's supervisory board, a post that Ferdinand Piech quit earlier this year.

Former Saab CEO charged with giving false testimony

Sept. 2, 2015 16:44 CET
Former Saab Automobile CEO Jan Ake Jonsson was charged with giving false testimony when the aftermath of the Swedish automaker's bankruptcy played out in court.

VW plans to extend CEO Winterkorn's contract until 2018

Sept. 2, 2015 10:02 CET
Volkswagen plans to extend the contract of CEO Martin Winterkorn until the end of 2018, a victory for the executive after he clashed with former Chairman Ferdinand Piech.

Volkswagen must sell shares in Suzuki, court decides

Aug. 30, 2015 10:54 CET
Volkswagen must sell its shares in estranged partner Suzuki, an international court decided, ending a nearly four-year battle over a dysfunctional alliance between the two carmakers.

Marchionne puts the squeeze on GM; GM's response: 'Why bail out FCA?'

Aug. 31, 2015 00:00 CET
General Motors has flatly rejected the advances of Fiat Chrysler Automobiles, but FCA CEO Sergio Marchionne said in an interview that there is far too much upside in a merger of FCA and GM to let a deal go undone, or at least unexplored.

Jaguar touts F-Pace's driving dynamics

Aug. 26, 2015 10:37 CET
Jaguar said its new F-Pace will offer driving dynamics "unlike anything else in the segment" as the UK brand, which is known for its sports cars, takes aim at the Porsche Macan and BMW X4 with its first SUV-styled crossover.


Audi teases Tesla Model X fighter, says launch planned for 2018

Aug. 19, 2015 11:06 CET
Audi issued a teaser picture and some details of an all-electric SUV that it will launch to rival the upcoming Tesla Model X. The SUV will have a range of more than 500km (310 miles) and will go into production in 2018 as the brand's first volume electric car, Audi said.

Jaguar Land Rover plans new plant in Slovakia

Aug. 11, 2015 10:39 CET
Jaguar Land Rover has signed a letter of intent to build a new car plant in Nitra, western Slovakia. JLR will carry out a feasibility study for the factory, which is expected to open in 2018 and reach an annual output of up to 300,000 vehicles by 2025.

Jaguar Land Rover profit hit by China slump

Aug. 7, 2015 14:28 CET
Jaguar Land Rover's net income fell 29 percent to 492 million pounds ($764 million) in its latest quarter as the Chinese market's slowdown hit the UK automaker. JLR's vehicle sales were also hit as the company ramps up China production.

BMW clan matriarch dies at 89

Aug. 5, 2015 23:10 CET
Johanna Quandt, head of the family that controls BMW, has died age 89. Quandt's death will not affect her family's BMW shareholding. Her stake will be split between her children Stefan Quandt and Susanne Klatten.

BMW's second-quarter earnings fall 3% on China slowdown

Aug. 4, 2015 08:05 CET
BMW's second-quarter operating profit fell 3 percent to 2.53 billion euros ($2.77 billion) as a recovery in European car demand failed to offset a sales slowdown in China.

BMW, Audi, Daimler will boost self-driving push with Nokia maps acquisition

Aug. 3, 2015 08:05 CET
BMW, Audi and Daimler will buy Nokia's digital-map unit for 2.8 billion euros ($3.1 billion) in a push to extend the reach of automakers into digital services for self-driving cars.

Fiat Chrysler lifts guidance after strong second quarter

July 30, 2015 14:51 CET
Fiat Chrysler Automobiles raised its full-year profit guidance after better-than-expected second-quarter results on a strong performance in North America and record Jeep sales.

Renault profit surge fails to impress amid pricing slide

July 30, 2015 08:03 CET
Renault's first-half profit surged on rebounding European demand but not enough to meet investor expectations from the recovery, or concerns about weaker pricing.

PSA reports positive H1 earnings for first time in four years

July 29, 2015 08:33 CET
PSA/Peugeot-Citroen posted positive first-half net income for the first time in four years as the automaker tightened control on spending and sold more vehicles at higher prices in its home region and in Asia. Net income was 571 million euros ($631 million), after a 114 million euro loss a year earlier.

VW boosts Q2 profit on Europe recovery but lowers sales forecast as China slows

July 29, 2015 09:27 CET
Volkswagen posted higher quarterly profit on a strengthening European recovery and cost cuts but lowered its global sales forecast amid a slowdown in China and challenging markets in Russia and South America.

VW passes Toyota for global sales lead in first half

July 28, 2015 08:26 CET
Volkswagen surpassed Toyota to become the biggest automaker by deliveries in the first half. VW benefited as car demand in Europe accelerated, softening the blow from a slowdown in China, its biggest market.

GM posts $1.1 billion profit in Q2; narrows loss in Europe to $45 million

July 23, 2015 06:01 CET
General Motors posted second-quarter net income of $1.1 billion and sharply narrowed its loss in Europe.

Opel will shorten hours at two German plants

July 17, 2015 17:29 CET
Opel will shorten working hours at two German plants after exiting the plunging Russian auto market and because of moderate demand in Europe.

European car sales rise 15% as recovery takes hold despite Greek crisis

July 16, 2015 08:32 CET
New-car sales in Europe rose at the highest monthly rate in five and a half years in June as extra selling days in key markets, increased discounting and strong demand for mid-market brands and luxury cars pushed growth. Registrations jumped 15 percent to 1.41 million.

Audi reviews China 2015 sales target

July 16, 2015 10:57 CET
Audi is reviewing its 2015 target of selling 600,000 cars in China, the latest sign that a downturn in demand for passenger cars in the world's biggest car market is more severe than automakers expected.

Volvo buys racecar maker's tuning arm to challenge BMW, Mercedes

July 14, 2015 10:58 CET
Volvo bought Swedish racecar maker Polestar's tuning division and will use the name for an expanded high-performance line to challenge Mercedes-AMG and BMW's M models.

Renault taps Daimler expertise to boost Talisman quality

July 6, 2015 16:34 CET
Renault is aiming to match rivals' quality with its new Talisman midsize car with help from Mercedes-Benz owner Daimler. The Talisman is a "refined sedan with an assertive design," Renault CEO Carlos Ghosn said at the car's unveiling.

Jaguar Land Rover signs deal with Magna Steyr to build cars in Austria

July 2, 2015 08:46 CET
Jaguar Land Rover has signed a contract to have Magna Steyr build an unspecified number of JLR models. Magna Steyr will make the vehicles at its factory in Graz, Austria, because JLR’s three British plants are operating close to capacity.

Car design legend Giugiaro quits company he founded

July 2, 2015 18:42 CET
Legendary car designer Giorgetto Giugiaro, whose work includes the original VW Golf and first Fiat Panda, has resigned from Italdesign Giugiaro, the styling and engineering company he founded in 1968.

Audi makes key A4 model longer and lighter

June 29, 2015 14:23 CET
Audi released details and pictures of its new-generation A4, whose success will be crucial to the automaker's goal of passing BMW as the world's top-selling premium brand. The new A4 is slightly larger than the current model, which is Audi's global best-seller, but is lighter and has a more spacious interior.

Alfa unveils high-performance Giulia

June 24, 2015 18:42 CET
The Alfa Romeo Giulia's most sporty version will offer more power than rival models from BMW and Mercedes because it will use Maserati's Ferrari-derived 510-hp V-6 engine. Dubbed the Giulia Quadrifoglio, the car was unveiled Wednesday at the Alfa Romeo museum in Arese, Italy.

Alfa Romeo will launch top Giulia version first as BMW M3 fighter

June 23, 2015 21:10 CET
Alfa Romeo will unveil the range-topping version of its new Giulia sedan. The car is called the Giulia Quadrifoglio and it will be a competitor to the BMW M3 and Audi RS 4.

Alfa Romeo readies unveiling of key Giulia midsize sedan

June 21, 2015 06:01 CET
Alfa Romeo's new Giulia midsize sedan, which will be unveiled Wednesday, is crucial to the struggling brand's revival. The Giulia will sit on Alfa's new rear-wheel/all-wheel-drive Giorgio platform and offer high-performance engines, including a Maserati-derived V-6.

VW Group to be revamped into 4 holding companies, reports say

June 15, 2015 09:46 CET
Volkswagen's corporate structure will be reorganized into a decentralized system with four holding companies for the group's brands, reports said. VW Group's 12 brands include Porsche, Bentley and Audi as well as the volume marques VW, Skoda and Seat.

VW sales chief could lose job as carmaker reorganizes, report says

June 11, 2015 15:17 CET
VW Group sales chief Christian Klingler could lose his job as part of a reorganization by the carmaker intended to boost profits, company sources said.

Fiat Chrysler Chairman Elkann confirms Marchionne sent merger email to GM

May 29, 2015 14:45 CET
Fiat Chrysler Chairman John Elkann confirmed that CEO Sergio Marchionne sent an email to GM about a possible tie-up. Elkann said discussions had taken place with other players as well.

Toyota keeps title as the most valuable car brand despite airbag recalls denting its worth

May 27, 2015 10:25 CET
Toyota kept its title as the most valuable car brand in 2015 despite recent airbag recalls denting its worth, according to a study that ranks the top 100 global brands. BMW remained No. 2, while Mercedes was third.

Lamborghini will launch SUV in 2018

May 27, 2015 16:35 CET
Lamborghini will produce its new SUV in Italy, with the model due to enter the market in 2018. The company will hire 500 new employees and almost double the physical size of its plant in Italy's Emilia Romagna region.

Audi will add Q8 in 2019, electric SUV in 2018

May 22, 2015 11:35 CET
Audi today said it will begin sales of the Q8 SUV in 2019 and launch an electric-powered sporty SUV in the upper-mid segment in 2018. The company will also add the subcompact Q1 crossover next year.

Fiat unveils new model for key compact segment

May 21, 2015 13:31 CET
Fiat unveiled the first model in its new compact car family - the Aegea sedan. The car will go on sale in Turkey starting in November followed by a rollout in 40 countries in the company's Europe, Middle East and Africa region.

European car sales rose nearly 7% in April as market recovers faster than expected

May 19, 2015 08:58 CET
European car sales rose for a 20th consecutive month in April, bolstered by a reviving economy and new models. Registrations increased 6.9 percent to 1.21 million vehicles, industry association ACEA said. Four-month sales jumped 8.1 percent to 4.85 million cars.

Toyota, Nissan add 6.5 million cars to Takata airbag recall

May 13, 2015 08:02 CET
Toyota and Nissan are recalling more than 6.5 million cars globally to replace potentially faulty airbag inflators made by Takata. Toyota's recall involves 35 models including 1.27 million in Europe and 637,000 in the U.S. Nissan's recall includes 563,000 cars in Europe and 326,000 in North America.

VW CEO Winterkorn to present new structure for automaker by October

May 8, 2015 15:23 CET
VW CEO Martin Winterkorn has told senior staff that he will present a new structure for the automaker by October at the latest.

Ghosn loses clash with French state on Renault control

April 30, 2015 18:47 CET
Renault CEO Carlos Ghosn lost a clash with French Economy Minister Emmanuel Macron, as the Socialist government won a shareholder vote that will increase its influence at Renault.

FCA delays Ferrari shares distribution, says IPO will happen in third quarter

April 29, 2015 17:56 CET
Fiat Chrysler Automobiles plans an initial public offering for 10 percent of its Ferrari unit in the third quarter but has delayed distributing the remaining stake to FCA shareholders until the start of next year, CFO Richard Palmer said.

VW Q1 profit rises 17% as cost cuts at core brand offset weaker Porsche, Audi earnings

April 29, 2015 08:56 CET
VW Group's first-quarter operating profit rose 17 percent, helped by cost cuts at the VW brand and a profit at Spanish unit Seat. The Audi and Porsche brands saw margins shrink on higher investments. The results provided VW with some respite after longtime Chairman Ferdinand Piech's sudden resignation.

Piech denies reports saying he wants to oust Winterkorn

April 23, 2015 13:07 CET
Volkswagen Chairman Ferdinand Piech denied reports that he is seeking to oust CEO Martin Winterkorn, a German newspaper reported, quoting Piech. Separate German media reports had said that Piech aims to push out Winterkorn ahead of the carmaker's May 5 annual shareholder meeting.

Mercedes fined $56 million in China for price fixing

April 23, 2015 08:30 CET
Authorities in China's Jiangsu province fined Mercedes-Benz 350 million yuan ($56 million) for a pricing monopoly there. It is the biggest fine imposed on an automaker since the government started to crack down on antitrust violations last year.

BMW says new 7 series can park itself

April 18, 2015 00:15 CET
BMW says the new 7-series flagship sedan will be the world's first series-production car that can be parked without anyone at the wheel. The remote control parking feature will help make the car the most technologically advanced model in its class, r&d boss Klaus Froehlich said.

Volkswagen CEO Winterkorn to stay in defeat for Piech

April 17, 2015 11:59 CET
Volkswagen Group CEO Martin Winterkorn won the "full support" of the automaker's top-level committee to continue serving as chief executive in a defeat for Ferdinand Piech, the automaker's powerful chairman and patriarch of its founding family.

Grupo Antolin to buy Magna unit for $525 million

April 16, 2015 15:17 CET
Spain's Grupo Antolin has reached an agreement to purchase Magna International's interiors unit for about $525 million, creating what Antolin estimates will be the world's third-largest player in the consolidating sector.

Winterkorn will not succeed Piech as VW chairman, report says

April 10, 2015 15:09 CET
Volkswagen CEO Martin Winterkorn has no chance of succeeding Ferdinand Piech as the automaker's chairman, a German magazine reported. The relationship between Piech and Winterkorn is unsettled, the magazine reported.

Mercedes, Nissan expand cooperation to build midsize pickup

April 7, 2015 16:50 CET
Daimler said it will expand its cooperation with strategic partner Nissan to develop a midsize pickup truck for Mercedes. The pickup will be built by the Renault-Nissan alliance at its plants in Spain and Argentina.

SsangYong aims to triple European sales, CEO says

April 3, 2015 06:01 CET
Korean automaker SsangYong aims to nearly triple its European sales this year to help offset a big slump in Russia, the company's CEO said.

Daimler predicts profit rise on boost from China

April 1, 2015 10:49 CET
Daimler predicted higher profit this year, lifted by stronger demand in China, where first-time buyers often opt for an upscale car. The company targets a 9 percent return on sales after generating a margin of 7.8 percent in 2014.

Jaguar unveils new XF; touts sedan's good looks, fuel efficiency

March 24, 2015 17:09 CET
Jaguar says its new XF sedan has taken a big leap in levels of refinement, low weight and fuel efficiency. The brand unveiled the second generation of its best-seller with a high-wire stunt drive in London.

GM will idle plant, wind down Opel brand in Russia

March 18, 2015 15:10 CET
General Motors will pull its Opel brand from the plunging Russian market by the end of the year and idle production at its plant in St. Petersburg. GM's new strategy in the market will focus on selling premium Chevrolet and Cadillac vehicles.

BMW CEO signals core brand may lose luxury lead

March 18, 2015 14:14 CET
BMW may surrender its position as the No. 1 global premium brand by unit sales to rival Audi, although it will retain the title if sales of Mini are included, CEO Norbert Reithofer said. A push by competitors such as Audi into areas of subcompact cars, a segment where BMW does not offer a vehicle, is making it harder to retain the title, Reithofer said.

FCA axes Chrysler in UK to focus on Jeep

March 17, 2015 18:35 CET
Fiat Chrysler Automobiles is ending sales of Chrysler cars in the UK to focus on its Jeep brand. FCA sells the U.S.-built Chrysler 300C sedan and Voyager large minivan in the UK, alongside the Lancia Delta compact and Ypsilon subcompact cars, which are both rebadged as Chryslers.

Nissan will suspend Russia production for 16 days on weak sales

March 17, 2015 11:27 CET
Nissan is suspending production at its St. Petersburg plant between March 16 and March 31 due to weak sales in Russia. The automaker's deliveries fell 45 percent in February in an economy weakened by lower oil prices and Western sanctions over the Ukraine crisis.

Porsche nears decision on 7th model line

March 13, 2015 11:53 CET
Porsche is finalizing plans to add a new model to meet rising demand for sporty luxury vehicles. The candidates for Porsche's seventh model family include an EV to compete with Tesla, a shooting brake version of the Panamera or a sports car between the 911 and 918 Spyder.

Toyota promotes Europe CEO Leroy to new global role

March 4, 2015 09:55 CET
Toyota will add Europe boss Didier Leroy to its board and promote him to global head of business in developed countries in a wider management shuffle. Johan van Zyl, currently CEO of Toyota's Africa region, will become Europe chief.


Lexus reveals potential Mini fighter

March 3, 2015 14:55 CET
Lexus revealed the aggressively styled LF-SA subcompact concept at the Geneva auto show that, if built, would compete against the Mini hatchback and Audi A1.


Aston Martin SUV may deepen Daimler partnership

March 3, 2015 10:39 CET
Aston Martin announced plans for an SUV that may draw more heavily on its partnership with Daimler, as the UK supercar maker confirmed moves to raise more capital and expand into new vehicle categories.


Infiniti will aim QX30 crossover at affluent young buyers

March 2, 2015 20:06 CET
Infiniti said it will target younger affluent customers with its QX30 compact crossover. Infiniti unveiled a concept for the crossover on the eve of the Geneva auto show.


Bentley unveils two-seat sports car concept that may become 5th model

March 2, 2015 20:39 CET
Bentley unveiled the EXP 10 Speed 6 concept for a two-seat luxury sports car that it says may join its lineup in the near future. The EXP 10 also shows how the brand's styling will evolve to become sportier and more emotionally appealing.

VW Passat named European Car of the Year

March 2, 2015 17:28 CET
The Volkswagen Passat is Europe's 2015 Car of the Year, marking the third time in six years that VW has won the title. The Passat beat its nearest competitor, the Citroen C4 Cactus, by nearly 100 points. The Mercedes C class finished third in the voting.


Audi says new R8 is its most powerful production car

Feb. 26, 2015 10:54 CET
Audi today released pictures and details of its second-generation R8 supercar. It said the top-range version will be the most powerful and fastest series-production Audi to date.

Volvo boosts 2014 profit by 17% on record sales

Feb. 26, 2015 08:31 CET
Volvo said its 2014 operating profit rose 17 percent in its best year of sales to date as rapid expansion in China and recovery in Europe offset the brand's continued weakness in the U.S.

Honda CEO Ito to step down, r&d exec named as successor

Feb. 23, 2015 07:40 CET
Honda President Takanobu Ito said he will step down and named Takahiro Hachigo, an r&d executive with wide international experience, as his replacement following a string of quality lapses that spurred a round of internal reforms.

Rolls-Royce confirms plans for SUV

Feb. 18, 2015 07:55 CET
Rolls-Royce will develop an ultraluxury SUV in a major diversification for the BMW-owned British brand known for its luxury sedans. The high-bodied car will be underpinned by an all-new aluminum architecture, CEO Torsten Mueller-Oetvoes said.

PSA reports first profit in 3 years after cutting costs

Feb. 18, 2015 08:53 CET
PSA took a step toward its recovery goals, raising its key cash-flow objective after strong China sales and a recovering Europe helped the automaker post its first annual operating profit in three years.

European recovery gains speed; Jan. sales up 6%

Feb. 17, 2015 09:01 CET
New-car sales in Europe rose 6 percent in January as price cuts and economic-growth prospects boosted demand for most brands. Registrations rose to 1.03 million vehicles last month, industry association ACEA said.

GM fails to reduce European losses

Feb. 4, 2015 14:16 CET
GM failed to reduce its losses in Europe in the fourth quarter as headwinds in Russia hit its business, but the automaker reiterated its goal of returning its European operations to profit in 2016.


Kadjar crossover is key to Renault's growth, Ghosn says

Feb. 2, 2015 17:02 CET
Renault's new Kadjar will play a key role in the brand's global growth and profitability plans, CEO Carlos Ghosn said. The model is forecast to become the No. 3 seller in Europe's compact crossover segment starting in 2016.

GM will suspend output at Russian plant

Jan. 29, 2015 20:01 CET
General Motors will suspend production at its plant in St. Petersburg, Russia, from mid-March until mid-May and is raising prices for its products because of the weak and volatile Russian ruble.

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