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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.
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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.

2015 GENEVA AUTO SHOW

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.

2015 GENEVA AUTO SHOW

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.

2015 GENEVA AUTO SHOW

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.

2015 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.

2015 GENEVA AUTO SHOW

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.

2015 GENEVA AUTO SHOW

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.

Marchionne has FCA on fast track to profit in Europe

Jan. 28, 2015 16:28 CET
Fiat Chrysler Automobiles will be profitable in Europe a year earlier than expected, CEO Sergio Marchionne said. Previously, Marchionne said the automaker's regional operations in Europe, Middle East and Africa (EMEA) would break even this year and turn a profit in 2016.

Toyota tops VW to remain world's largest automaker

Jan. 21, 2015 08:16 CET
Toyota defended its crown as the world's biggest automaker in 2014, keeping a slim lead over Volkswagen. But Toyota forecast sales to slump 1 percent in the current calendar year, on the back of slowing demand in Japan and emerging markets.

Audi plans to build range-topping Q8 SUV, CEO Stadler says

Jan. 20, 2015 15:38 CET
Audi plans a range-topping SUV to go on sale before the end of the decade, CEO Rupert Stadler said. Dubbed the Q8, the SUV would be aimed at markets such as the U.S., China and the Middle East, where large coupe-styled SUVs are in demand.

Renault's 2014 sales rise 3% as budget cars offset Russia drop

Jan. 19, 2015 10:40 CET
Renault delivered 3 percent more vehicles globally last year as strong European sales of cars such as the Renault Captur and no-frills Dacia Sandero helped offset falling demand in Russia and South America.

Europe 2014 sales rise on low-cost brands shift

Jan. 16, 2015 10:14 CET
European car sales in 2014 rose for the first time in seven years, thanks to government incentives, tax breaks and a consumer shift to cheaper brands such as Dacia and Skoda.

Jaguar sees Porsche Macan as rival for its first crossover, the F-Pace

Jan. 11, 2015 11:41 CET
Jaguar's first crossover, the F-Pace, will be a rival to the Porsche Macan. The UK sports car brand released a teaser picture and some details of the model ahead of the crossover's sales launch next year.

PSA will move out of Paris headquarters

Jan. 7, 2015 14:26 CET
PSA will move out of its Paris headquarters in 2017 to a location in the city's suburbs as part of a cost-cutting drive under its new part-Chinese ownership structure.

Jaguar picks XE as first China-made model

Dec. 21, 2014 06:01 CET
Jaguar's new XE will be the brand's first model made in China. The midsize premium sedan will be built alongside the Land Rover SUVs in Changshu.

Former Saab owner Spyker is bankrupt

Dec. 18, 2014 15:38 CET
Spyker -- the Dutch supercar maker that was hurt by its acquisition of Saab from General Motors -- was today declared bankrupt even as founder and CEO Victor Muller vowed to revive the company.

Alfa Romeo readies high-performance engines

Dec. 17, 2014 08:55 CET
Alfa Romeo plans to introduce new high-performance engines, including a range-topping V-6, in a bid to reconnect the brand to its sporty heritage.

Budget brands win despite Europe's car sales slowdown

Dec. 16, 2014 09:33 CET
New-car registrations in Europe rose 1 percent in November, with budget brands beating the market as nervous consumers kept a tight lid on spending. Vehicle sales in the EU and EFTA markets advanced to 989,457 cars. Eleven-month sales are up 6 percent to 12 million.

Fiat's European holding company now called FCA Italy

Dec. 16, 2014 14:20 CET
Fiat Chrysler Automobiles, the Netherlands-based parent company of Fiat and Chrysler Group said it has changed the name of Italy's Fiat Group Automobiles to FCA Italy. Its U.S. affiliate changes from Chrysler Group to FCA US.

Mercedes sales chief Kaellenius seen as potential Zetsche successor after promotion to board

Dec. 11, 2014 14:34 CET
Daimler promoted Ola Kaellenius, head of sales for its Mercedes unit, to the group's management board, making him a potential candidate to succeed Dieter Zetsche as CEO. Zetsche's current contract runs until the end of 2016.

VW hires BMW exec Diess to lead core car brand

Dec. 9, 2014 08:18 CET
VW Group has appointed BMW development chief Herbert Diess to its management board. Diess, 56, will take over as chairman of the VW passenger car brand from CEO Martin Winterkorn, effective Oct. 1, 2015, the company said.

BMW names Krueger next CEO, Reithofer new chairman

Dec. 9, 2014 10:33 CET
BMW CEO Norbert Reithofer will step down in May, one year early, and hand over his post to production chief Harald Krueger. Reithofer will succeed Joachim Milberg as chairman of the company's supervisory board.

Audi Q7 will be VW Group's 1st plug-in diesel

Dec. 5, 2014 06:01 CET
Audi's Q7 will be the first model from VW Group to offer a plug-in hybrid diesel powertrain, an Audi source told Automotive News Europe. The variant gives Audi a technology edge over BMW and Mercedes, which currently offer gasoline plug-ins.

VW will give more power to brands, regions

Dec. 4, 2014 09:21 CET
VW Group will give more power to brand managers and regional bosses, its labor leader said, as the company looks to address poor performance in markets such as the U.S. and Brazil.

UK car sales hit highest level since 2007

Dec. 4, 2014 11:19 CET
UK car registrations rose 8 percent last month, driven by cheap credit deals and an economic recovery. The result takes sales in 2014 to just over 2.3 million, the highest level for any year since 2007.

Opel says Karl will cost less than 10,000 euros

Dec. 3, 2014 11:42 CET
Opel will launch its entry-level Karl minicar next summer at a starting price of less than 10,000 euros in Germany. Opel today released pictures and details of the Karl.

Spyker files for financial restructuring

Dec. 2, 2014 17:13 CET
Spyker Cars has filed for financial restructuring as the Dutch automaker that was hurt by its acquisition of Saab from General Motors seeks to avoid collapse.

Mahindra will buy majority stake in Saab maker NEVS, report says

Dec. 1, 2014 16:48 CET
India's Mahindra & Mahindra has agreed to buy a majority stake in National Electric Vehicle Sweden (NEVS), the investment group that bought the assets of Saab Automobile two years ago, a report said.

France will rank cars for pollution, seek diesel phase out

Dec. 1, 2014 10:02 CET
France wants to gradually phase out the use of diesel fuel for passenger cars and will put in place a system to identify the most polluting vehicles, Prime Minister Manuel Valls said.

BMW, Audi lead shift from mass-market to luxury car output in Mexico

Nov. 25, 2014 11:40 CET
Mexico's relationship with German car production began nearly 50 years ago with output of VW's mass-market Beetle. Now it's becoming a place where luxury BMW, Audi and Mercedes cars roll out of billion-dollar factories.

VW will invest 86 billion euros chasing Toyota

Nov. 21, 2014 12:57 CET
Volkswagen will invest 85.6 billion euros ($106 billion) over the next five years on new vehicles, technology and factories as it tries to pass Toyota and become the world's largest automaker.

Ford to cut 20% of staff at B-Max plant in Romania

Nov. 19, 2014 15:35 CET
Ford will lay off 20 percent of the workforce at the Romanian plant that builds the B-Max as it adjusts to falling sales of the subcompact minivan.

Ferrari to provide Fiat Chrysler big pre-spinoff payout

Nov. 13, 2014 18:02 CET
Fiat Chrysler Automobiles expects to get 2.25 billion euros ($2.81 billion) from Ferrari via transactions it will execute before it spins off the supercar maker from the group, a filing with U.S. regulators showed.

Infiniti readies Q30; aims at young buyers

Nov. 13, 2014 06:01 CET
Infiniti is road-testing its next global model, the Q30 compact hatchback, which will go into production at parent Nissan's UK plant in the middle of next year.

Ford's new Europe chief tasked with accelerating turnaround

Nov. 7, 2014 15:14 CET
Ford said new Europe chief Jim Farley is tasked with accelerating the automaker's turnaround in the region. Farley is swapping jobs with Ford of Europe President Stephen Odell, who takes Farley's role as global sales and marketing boss.

Ford's Farley will lead Europe operations in job swap

Nov. 7, 2014 06:01 CET
Ford global marketing chief Jim Farley will move to Germany to steer Ford of Europe and swap jobs with European boss Stephen Odell, sources said. Odell will succeed Farley as head of sales, service and marketing worldwide.

Fiat Chrysler will spin off 10% of Ferrari

Oct. 29, 2014 15:13 CET
Fiat Chrysler plans to spin off the Ferrari supercar brand, underpinning efforts to raise about $4.7 billion as the Italian-American carmaker counters rising debt.

Volvo will add jobs, boost production in Sweden

Oct. 16, 2014 11:45 CET
Volvo will add 1,300 jobs and a third shift at its plant in Sweden next year to meet rising demand for its cars, including the new flagship XC90.

Nissan recruits Hyundai Europe COO as global sales chief

Oct. 10, 2014 12:27 CET
Nissan has tapped Hyundai Europe's chief operating officer, Allan Rushforth, to be its new global sales chief. Nissan said Rushforth had demonstrated his ability to lead multicultural teams. He will work out of Nissan's global headquarters in Japan.

Agnelli family tightens grip on Fiat Chrysler ahead of Wall Street debut

Oct. 10, 2014 11:13 CET
The Agnelli family has tightened its grip on Fiat by securing higher voting rights after the carmaker's merger into Fiat Chrysler Automobiles. The move by the Agnellis' holding company, Exor, could make Fiat Chrysler less of a takeover target.

BMW hires Ferrari's chief engineer

Oct. 8, 2014 10:21 CET
BMW has hired Ferrari's former technical director, Roberto Fedeli, for an as-yet unspecified role. Fedeli joined Ferrari in 1988 and has been responsible for the engineering of all Ferrari cars since 2007.

PSA plots U.S. re-entry with DS brand

Oct. 4, 2014 06:01 CET
PSA/Peugeot-Citroen could re-enter the U.S. early in the next decade with its DS upscale brand. “We want to make DS a global premium brand, and you cannot be global without the U.S.,” DS CEO Yves Bonnefont said.

2014 PARIS AUTO SHOW

Fiat expects 500X's Italian styling to win sales in booming segment

Oct. 2, 2014 12:37 CET
Fiat is touting the 500X's Italian styling as a standout feature that will help the car win sales in the booming but hotly contested subcompact crossover segment.

2014 PARIS AUTO SHOW

Lamborghini, Ferrari supercars join fuel sippers as show stars

Oct. 1, 2014 06:01 CET
Supercars such as a new 900hp Lamborghini and the Ferrari 458 Speciale A will line up alongside fuel-efficient plug-in hybrids such as the VW Passat GTE at the Paris auto show. The Mercedes-AMG GT and Jaguar XE will also debut.

GM predicts Europe profit in '16, ending years of losses

Oct. 1, 2014 18:02 CET
GM said it expects its first profit in Europe in more than a decade in 2016. CEO Mary Barra said the target for Europe took into account steps to minimize the effect of the downturn in the Russia.

HANS GREIMEL

Why climate change could stall growth in emerging markets

12:01 am U.S. ET | Sept. 26, 2014
Auto executives have long salivated over the huge future sales possible in emerging markets. But a new economic forecast says surging greenhouse gases, spurred partly by auto emissions, will throw cold water on that once-anticipated development boom.

Ford to cut Fiesta output in Germany

Sept. 19, 2014 10:47 CET
Ford said it will cut production of its Fiesta subcompact at its plant in Cologne, Germany, in the fourth quarter because of slowing demand in some of the region's key markets.

Fiat will source a midsize truck from Mitsubishi

Sept. 19, 2014 08:44 CET
Fiat Chrysler will source a pickup for Europe and Latin America from Mitsubishi starting in 2016. The automakers today signed an interim agreement to develop and manufacture a midsize truck based on the next Mitsubishi L200.

Opel shakes up Russia operations

Sept. 16, 2014 09:30 CET
Opel will reorganize its Russian operations in response to difficult market conditions amid the crisis over Ukraine. The GM subsidiary will reduce output at its St. Petersburg plant to one shift.

ZF to purchase TRW for $105.60 a share

Sept. 15, 2014 16:02 CET
ZF has reached a deal to buy TRW Automotive for $105.60 per share. The transaction will create the world's second-largest auto supplier with combined revenue of about 30 billion euros ($41 billion).

 
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