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European car sales rise 10% as replacements help automakers

April 17, 2014 09:08 CET
European car sales jumped 10 percent in March, the seventh consecutive monthly gain, as new models to replace aging vehicles and an economic rebound boosted demand. First-quarter sales rose 8 percent.... Read More »
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PSA to halve lineup in push for 2% margins by 2018

April 14, 2014 09:11 CET
PSA outlined plans to cut its model lineup by almost half and to make Citroen's DS unit a separate brand in a bid to restore the automotive division's profit.... Read More »

Toyota recalls more than 6 million vehicles

April 9, 2014 09:51 CET
Toyota recalled 6.39 million vehicles worldwide for a range of glitches, from faulty airbags and seat rails to defective windshield wipers. The action affects about 2.34 million vehicles in North America and 810,000 in Europe.... Read More »

Audi joins Mercedes in posting best-ever monthly sales in March

April 7, 2014 11:55 CET
Audi said today it posted a new company record for global sales in a single month with March volume up 15 percent to 170,450 vehicles. Rival Mercedes reported a new high for global sales in a month on Friday.... Read More »

Mercedes breaks global record for single-month sales

April 4, 2014 12:26 CET
Mercedes set a new company record for global sales in a single month as March volume rose 13 percent to 158,523 vehicles. Demand for the E class and Mercedes' growing lineup of compacts is driving the growth.... Read More »

Ford will cut output, jobs in Russia as ruble and car demand weaken

April 2, 2014 06:01 CET
Ford's Russian joint venture is cutting production and about 950 jobs at two factories in response to the falling ruble and deteriorating demand in the country.... Read More »

Daimler mulls production of Mercedes cars in Russia

April 1, 2014 15:51 CET
Daimler is examining whether to build Mercedes-Benz cars in Russia as it seeks to expand its global production base and overtake German rivals BMW and Audi to become the world's top-selling premium automaker.... Read More »

Opel will build Buicks in Germany for U.S.

March 28, 2014 12:37 CET
Opel said it will build a Buick model for the United States at a plant in Germany. It said production would begin in the second half of the decade without naming the model. Opel also said it will stop exporting vehicles to China.... Read More »

Obama says U.S.-EU trade talks are moving forward

March 28, 2014 09:44 CET
President Barack Obama said his administration is moving forward on establishing a trade pact between the U.S. and EU. Automakers are lobbying hard for the pact to end import tariffs and adopt standard safety and environmental regulations.... Read More »

BMW X7 addition will make U.S. factory automaker's biggest car plant

March 27, 2014 20:30 CET
BMW's U.S. factory is on track to become the automaker's largest global production site with the addition of the X7 crossover.... Read More »

VW's Seat brand will add SUV in 2016

March 26, 2014 13:27 CET
Volkswagen Group will add a compact SUV to its Seat division's lineup in 2016 to win new customers and accelerate a turnaround at VW's only unprofitable unit.... Read More »

SKF to Schaeffler fined $1.3 billion in EU ball-bearing case

March 19, 2014 13:36 CET
SKF, the world's largest maker of ball bearings, and Schaeffler were among five companies that agreed to pay a combined 953.3 million euros ($1.3 billion) to settle a European Union probe into an automotive-parts cartel.... Read More »

PSA board selects ex-Airbus chief Gallois as new chairman

March 19, 2014 06:01 CET
PSA/Peugeot-Citroen's board selected ex-Airbus Group CEO Louis Gallois as its next chairman as the carmaker prepares for a capital tie-up with Dongfeng. He will succeed Thierry Peugeot as the first chairman outside the company's founding family.... Read More »

PSA board backs ex-Airbus chief Gallois as new chairman, report says

March 18, 2014 18:34 CET
PSA/Peugeot-Citroen's supervisory board unanimously backed ex-Airbus Group CEO Louis Gallois to succeed Thierry Peugeot as chairman, a person familiar with the matter said.... Read More »

VW Group targets 10 million sales this year

March 13, 2014 11:50 CET
VW Group may sell more than 10 million vehicles in 2014, four years earlier than planned, as the automaker expands its lineup in a bid to overtake Toyota as No. 1.... Read More »

Audi passes BMW in global sales to take lead in luxury-car race

March 11, 2014 11:49 CET
Audi delivered more cars than BMW brand through the first two months of 2014 to claim the title of the world's best-selling premium brand.... Read More »

VW rethinks Skoda and Seat strategy in mass-market struggle

March 6, 2014 10:51 CET
Volkswagen Group is striking out in a new direction to boost the image and appeal of its Skoda and Seat brands, moving Skoda more upmarket while refocusing Seat on Europe after a failed China export strategy.... Read More »

PSA boss Tavares wants DS to become stand-alone brand

March 4, 2014 14:09 CET
Incoming PSA/Peugeot-Citroen CEO Carlos Tavares wants the company's Citroen DS range to become a stand-alone brand as the automaker seeks to promote its upscale product offerings.... Read More »

Peugeot 308 named European Car of the Year

March 3, 2014 21:15 CET
The Peugeot 308 was named Europe's Car of the Year after winning more votes than six other vehicles including electric autos from BMW and Tesla Motors, providing a boost to PSA/Peugeot-Citroen, which is struggling to return to profit.... Read More »

Jeep to unveil Italy-built Renegade subcompact SUV

March 3, 2014 06:01 CET
Jeep tomorrow will unveil its new Renegade subcompact SUV. The 'baby' Jeep is key to parent Fiat Chrysler Automobiles' ambitious global growth plans for the iconic off-road brand.... Read More »

New Vauxhall chief is former Mitsubishi Europe boss Tozer

Feb. 19, 2014 15:06 CET
Vauxhall brand has named former Mitsubishi Europe boss Tim Tozer as its new chief. Tozer succeeds Duncan Aldred, who is moving to Detroit as U.S. vice president of sales and marketing for GM's Buick and GMC brands.... Read More »

PSA unveils Dongfeng deal with 2013 loss

Feb. 19, 2014 06:01 CET
PSA/Peugeot-Citroen announced a 3 billion euro ($4.1 billion) tie-up with China's Dongfeng Motor as the French carmaker posted a further loss for 2013. PSA warned that it may not halt losses until 2016 -- a year later than initially promised.... Read More »

PSA and Dongfeng sign capital tie-up deal, report says

Feb. 18, 2014 08:19 CET
PSA/Peugeot-Citroen and Dongfeng have signed a memorandum of understanding to proceed with a planned 3 billion euro ($4.1 billion) capital tie-up, a source said. The deal was signed after PSA's board approved the tie-up. An announcement is scheduled for Wednesday.... Read More »

2014 GENEVA AUTO SHOW

Ferrari unveils greener California with turbocharged V-8

Feb. 12, 2014 12:47 CET
Ferrari is switching to a turbocharged V-8 engine in its new California coupe-convertible to help cut fuel consumption and lower CO2 emissions.... Read More »

German carmakers return awards amid evidence of rigged votes

Feb. 10, 2014 17:36 CET
Daimler, Volkswagen and BMW say they will return awards from Germany's ADAC automotive club after an audit discovered the results of the coveted "Yellow Angel" award were manipulated.... Read More »

Aston Martin recalls 75% of cars made since late 2007

Feb. 5, 2014 17:17 CET
Aston Martin is recalling most of its sports cars built since late 2007 after discovering a Chinese sub-supplier was using counterfeit plastic material in a part supplied to the luxury sports carmaker.... Read More »

Jaguar Land Rover pushes back China production to 2015

Feb. 5, 2014 10:30 CET
Jaguar Land Rover output at the company's Chinese venture with Chery Automobile will begin next year, later than initially expected, because of delays getting machinery and equipment.... Read More »

Fiat says fourth-quarter profit rose 5%; lowers 2014 forecast

Jan. 29, 2014 11:45 CET
Fiat reported fourth-quarter earnings below analysts' expectations and cut its 2014 guidance more than expected, as a profit drop in Latin America overwhelmed gains by Chrysler.... Read More »

PSA weighs cutting another 1,500 French jobs, union says

Jan. 22, 2014 13:19 CET
PSA/Peugeot-Citroen is considering cutting an additional 1,500 jobs in France because of continued production overcapacity, a union leader said.... Read More »

PSA board backs cash injection by Dongfeng, France gov't

Jan. 20, 2014 10:17 CET
PSA's board approved a deal to raise 3 billion euros ($4.1 billion) by selling stakes to Dongfeng and the French government. The deal, if completed, would represent a defining moment in the history of the automaker.... Read More »

Kia Europe names former VW exec Martins as marketing chief

Jan. 14, 2014 10:04 CET
Kia's European marketing chief, Benny Oeyen, is being replaced by former Volkswagen executive Artur Martins. Oeyen, who has held the post since 2009, will leave the company in April, Kia said.... Read More »

Marchionne will remain Fiat-Chrysler CEO until at least 2017

Jan. 13, 2014 14:42 CET
Sergio Marchionne will remain CEO of Fiat-Chrysler until at least 2017 to oversee the full merger of the two automakers and a new strategy to turn around Fiat's money-losing operations in Europe.... Read More »

Fiat may issue bond to boost liquidity after Chrysler merger, Marchionne tells paper

Jan. 10, 2014 09:44 CET
Fiat could launch a convertible bond to increase its liquidity after its merger with Chrysler, CEO Sergio Marchionne said. Fiat will also focus its European strategy on revamping Alfa Romeo and will keep production of the brand in Italy.... Read More »

Fiat agrees to buy remaining Chrysler stake in $4.35 billion deal

Jan. 1, 2014 20:27 CET
Fiat said Wednesday it had signed an agreement to buy the remaining 41.46 percent stake it does not own in Chrysler Group from the UAW's VEBA Trust, the last step needed before the Italian and U.S. carmakers can merge.... Read More »

GM to sell PSA stake

Dec. 12, 2013 18:35 CET
GM is selling its entire 7 percent stake in PSA while scaling back efforts to jointly develop vehicles with the French automaker. GM said it will sell its 24.8 million shares through a private placement to institutional investors. GM acquired the shares in February 2012 for about $400 million.... Read More »

GM names Barra as CEO, succeeding Akerson

Dec. 10, 2013 15:01 CET
General Motors named global product development chief Mary Barra to succeed Dan Akerson as CEO. Akerson will step down in January. Vice Chairman Steve Girsky will move to an advisory role before leaving in April. Girsky led GM's turnaround plan for its European operations.... Read More »

Ford plans to launch new Ka in Europe in 2015

Dec. 5, 2013 12:42 CET
Ford of Europe plans to launch a new Ka in the region in 2015 based on the Ka Concept unveiled in Brazil last month. The five-door model will replace the three-door Ka.... Read More »

GM to drop Chevrolet in Europe to focus on Opel

Dec. 5, 2013 09:21 CET
GM will drop the Chevrolet brand in Europe by the end of 2015. The move is the latest effort by GM to turn around its European operations and focus its resources on reviving the Opel brand.... Read More »

Audi will begin Q1 production in 2016

Dec. 2, 2013 15:55 CET
Audi will join Europe's booming subcompact SUV/crossover segment with the Q1, which will go into production in 2016. Audi is hoping to lure customers away from models such as the Nissan Juke and Mini Countryman with the Q1, its smallest SUV.... Read More »

PSA hires Tavares as next CEO

Nov. 25, 2013 19:13 CET
PSA has hired former Renault executive Carlos Tavares to replace Philippe Varin as CEO in 2014.... Read More »

VW shields product-based spending from cost cuts

Nov. 22, 2013 13:57 CET
Volkswagen will keep spending on upgrading and expanding its range of models in the years ahead, despite lowering planned investment in other areas to offset rising costs.... Read More »

2013 LOS ANGELES AUTO SHOW

Porsche aims for more crossover success with Macan

Nov. 20, 2013 06:01 CET
Porsche unveiled its Macan, the brand's first compact SUV. The Macan is expected to become the automaker's top-selling model and help boost annual sales to 200,000 units by 2018.... Read More »

Daimler takes 12% stake in BAIC Motor

Nov. 19, 2013 10:56 CET
Daimler today completed its purchase of a 12 percent stake in BAIC Motor. Daimler will pay 625 million euros ($845 million) for its share in the Chinese automaker.... Read More »

New Mini is bigger but more fuel efficient

Nov. 18, 2013 14:26 CET
Mini unveiled the latest generation of its iconic minicar, which will go on sale in Europe and the United States next spring. The new Mini is slightly larger than the current model but also lighter and more fuel efficient.... Read More »

Nissan unveils sleeker, more frugal Qashqai

Nov. 7, 2013 18:00 CET
The new Nissan Qashqai -- key to the brand's goal to topple Toyota as the No. 1 Asian brand in Europe -- was unveiled by CEO Carlos Ghosn.... Read More »

AvtoVAZ appoints ex-GM executive Andersson as first non-Russian chief

Nov. 5, 2013 08:04 CET
AvtoVAZ has appointed Bo Andersson, a former top purchasing manager at GM, as CEO. He is the first non-Russian to lead the maker of Lada cars as it deepens ties with the Renault-Nissan alliance.... Read More »

Nissan promotes Europe boss to chief performance officer

Nov. 1, 2013 09:53 CET
Nissan's Europe boss, Trevor Mann, has been promoted to chief performance officer of the automaker as part of a sweeping management overhaul executed by CEO Carlos Ghosn.... Read More »

GM cuts European losses, bolsters N.A. earnings

Oct. 30, 2013 12:17 CET
GM continued to trim its losses in Europe in the third quarter and posted a solid bottom line in North America on strong production of trucks and SUVs.... Read More »

Hyundai will launch Genesis sedan in Europe

Oct. 25, 2013 10:52 CET
Hyundai will launch its new Genesis large sedan in Europe where it is trying to shed its image as a value-for-money brand.... Read More »

Improving Europe helps Ford post record quarterly profit

Oct. 24, 2013 13:01 CET
Shrinking European losses combined with strong results in North America and Asia helped Ford post a record third-quarter pre-tax profit of $2.6 billion, up $426 million from a year earlier.... Read More »

GM will integrate Russia into its Europe business

Oct. 18, 2013 12:46 CET
General Motors said it will integrate its Russian operations into its GM Europe business in a move that will help the automaker's struggling Opel brand.... Read More »

European car sales rise by 5.5 percent in September

Oct. 16, 2013 09:39 CET
European new-car registrations rose by 5.5 percent in September, helped by a surge in UK sales and an extra working day. The increase provided fresh evidence that the region's slump may be slowly bottoming out.... Read More »

BMW considers boosting EV production on strong early demand for i3

Oct. 15, 2013 06:01 CET
BMW is considering a production increase for the i3 electric car after early demand for the model exceeded the automaker's expectations.... Read More »

Germany wins backing of EU ministers to block car emissions law

Oct. 15, 2013 09:04 CET
European Union environment ministers agreed to German demands to scrap an agreement to cap average EU new-car emissions at 95 grams per kilometer in 2020 from about 130/g/km now after Berlin argued the target would damage its premium automakers.... Read More »

Schaeffler replaces CEO Geissinger to overhaul strategy

Oct. 4, 2013 12:08 CET
German supplier Schaeffler says it has replaced Juergen Geissinger as CEO to pave the way for a change in strategy at the company.... Read More »

European sales slide resumes in August

Sept. 17, 2013 08:33 CET
European car sales fell 5 percent in August with PSA and VW Group hit hardest by the euro-zone slump. Eight-month sales also fell 5 percent, bringing deliveries this year to the lowest level since records began.... Read More »

2013 FRANKFURT AUTO SHOW

Citroen to build large SUV only for Asia

Sept. 12, 2013 09:55 CET
Citroen will begin production of a large crossover/SUV in China between the end of next year and early 2015. The model will be sold in Asia but is not planned for Europe, Citroen CEO Frederic Banzet said.... Read More »

2013 FRANKFURT AUTO SHOW

Renault will launch upscale Initiale Paris line in China

Sept. 11, 2013 11:19 CET
Renault will sell upscale vehicles under its new Initiale Paris badge in China as well as Europe to compete with French rival Citroen's DS line.... Read More »

VW's Winterkorn says Europe should close 10 factories

Sept. 11, 2013 08:14 CET
Volkswagen CEO Martin Winterkorn said the European auto industry needs to close around 10 factories to reduce overcapacity caused by the region's slumping car market.... Read More »

2013 FRANKFURT AUTO SHOW

Jaguar will launch mid-sized sedan off its new aluminum platform in 2015

Sept. 9, 2013 17:30 CET
Jaguar will launch a mid-sized sedan based on a new aluminum architecture, giving the company a volume model to compete with German rivals. The C-X17 crossover concept at the Frankfurt show showcases the architecture.... Read More »

Renault promotes Bollore, Stoll after departure of COO Tavares

Sept. 9, 2013 18:34 CET
Renault promoted internal executives to two new positions created following the resignation of COO Carlos Tavares. Thierry Bollore will focus on developing and building vehicles, while Jerome Stoll will be responsible for marketing and sales.... Read More »

2013 FRANKFURT AUTO SHOW A-Z GUIDE

Fast cars compete for attention with striking designs and key mainstream launches

Sept. 9, 2013 06:01 CET
At this year's Frankfurt auto show, fast but fuel-efficient supercars from German premium brands will compete for attention with striking design concepts from Jaguar and Lexus against a backdrop of key mainstream launches from European brands aiming to move upscale.... Read More »

Fiat will build Maserati SUV in Italy starting next year

Sept. 4, 2013 13:51 CET
Fiat told union leaders that it would begin making a Maserati SUV at its Mirafiori factory in Turin, Italy, after investing 1 billion euros at the plant by the end of next year.... Read More »

Renault adapts management structure after COO Tavares exit

Sept. 3, 2013 12:19 CET
Renault will appoint a chief performance officer and a chief competitiveness officer to replace Chief Operating Officer Carlos Tavares, who stepped down last week.... Read More »

Renault COO Tavares steps down after saying he would like to run GM or Ford

Aug. 29, 2013 11:45 CET
Renault Chief Operating Officer Carlos Tavares will step down from his post two weeks after publicly saying that he would like to run General Motors or Ford.... Read More »

Volvo CEO Samuelsson to pay 500,000 euros to settle MAN corruption probe

Aug. 22, 2013 11:49 CET
Volvo Car Corp. CEO Hakan Samuelsson has agreed to pay 500,000 euros ($668,000) to charity to settle a German investigation into corruption allegations linked to his time as head of truckmaker MAN SE.... Read More »

Former BMW exec Kalbfell dies in motorcycle crash

Aug. 19, 2013 13:10 CET
Former BMW executive Karl-Heinz Kalbfell died on Saturday following a motorcycle accident at the Brands Hatch racing circuit in Kent, England. He was 63.... Read More »

German niche carmaker Wiesmann files for insolvency

Aug. 19, 2013 06:01 CET
Wiesmann, a German manufacturer of retro-style luxury sports cars, has filed for insolvency and said it is seeking strategic partners and investors.... Read More »

Ford's Russian venture will cut production on lower Focus demand

Aug. 9, 2013 11:40 CET
Ford Sollers, a joint venture between Ford and Russian carmaker Sollers, will reduce production at its plant near St. Petersburg and cut daily shifts to two from three.... Read More »

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