Automotive News Europe Breaking Alerts
 

Opel shakes up Russia operations

Sept. 16, 2014 09:30 CET | UPDATED: Sept. 16 14:36 CET - adds further details
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.... Read More »
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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).... Read More »

Marchionne to become Ferrari chairman as Montezemolo quits

Sept. 10, 2014 08:57 CET
Luca Cordero di Montezemolo will step down as chairman of Ferrari as of Oct. 13 and will be replaced by Fiat Chrysler CEO Sergio Marchionne, Fiat said.... Read More »

Mercedes AMG-GT targets Porsche 911

Sept. 9, 2014 14:33 CET
Mercedes unveiled the AMG-GT, a new top-of-the-line sports car targeted at buyers of the Porsche 911. The car is powered by a 4.0-liter V-8 engine with an output of up to 510 hp. It will arrive at dealerships early next year.... Read More »

Jaguar unveils the XE, calling it the 'definitive' sports sedan

Sept. 8, 2014 17:10 CET
Jaguar unveiled its new XE, calling it the "definitive" sports sedan. The XE's marks the brand's return to the midsize premium segment.... Read More »

Nissan exec Palmer leaves to become Aston Martin CEO

Sept. 2, 2014 08:56 CET
Andy Palmer, the car-guy chief planning officer at Nissan, who was once tipped as a possible future CEO, is leaving the company to head UK sports car maker Aston Martin.... Read More »

Fiat clears Chrysler merger hurdle

Aug. 29, 2014 08:39 CET
Fiat will spend less than the limit the carmaker set to buy shares from investors who opted to sell ahead of its merger with Chrysler Group, clearing a key hurdle before the deal can close.... Read More »

Volvo unveils new XC90 flagship SUV

Aug. 26, 2014 14:51 CET
Volvo unveiled the new XC90, a key part of the automaker's plan to nearly double annual vehicle sales to 800,000 vehicles by 2020.... Read More »

GM, Ford, Toyota and VW among automakers hit by antitrust penalties in India

Aug. 26, 2014 10:21 CET
India's antitrust regulator fined 14 carmakers a combined $420 million for stifling competition in the market for spare parts. Among the companies fined were the local units of GM, Ford, Toyota, VW, Fiat, Nissan, BMW and Mercedes.... Read More »

Russia's AvtoVAZ to cut Lada production

Aug. 25, 2014 12:02 CET
Russia's AvtoVAZ said it plans to cut production of its Lada cars in the next three months by 25,000 because of rapidly declining demand for new vehicles in the country.... Read More »

GM cuts production in Russia as market slump continues

Aug. 21, 2014 15:49 CET
General Motors said it will reduce production at its plant near St. Petersburg, Russia, citing a continued slowdown of the country's auto market.... Read More »

EU regulators seek to close car emissions testing loopholes

Aug. 20, 2014 13:30 CET
EU regulators are pushing for legislation that will require vehicles to be tested on roads rather than in laboratories in a bid to close loopholes that allow carmakers to exaggerate fuel-saving and emissions credentials.... Read More »

Volvo swings to first-half profit on China, Europe gains

Aug. 20, 2014 07:42 CET
Volvo said it swung to a profit for the first half on the back of sharply rising sales in China and growth in Europe, which more than offset lingering weakness in the U.S.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe's slump creates new opportunities at the top

Aug. 13, 2014 06:01 CET
Europe's car sales slump took its toll on the executive ranks at automakers active in the region. Just 13 of the 37 executives who topped their organizational charts before the crisis are still there.... Read More »

INTERACTIVE

Volkswagen, Renault are Europe's engine plant leaders

Aug. 1, 2014 06:01 CET
Automotive News Europe's Guide to Powertrains shows the 83 locations where 19 automakers and suppliers produce the engines and transmissions that help drive the auto industry in Europe.... Read More »

VW production chief Macht quits amid manufacturing troubles

Aug. 1, 2014 15:19 CET
VW production chief Michael Macht has left the automaker amid claims that CEO Martin Winterkorn is unhappy with the rollout of the automaker's new MQB vehicle architecture. He is the second top executive to leave VW within a week.... Read More »

VW profit falls, raising pressure to cut costs

July 31, 2014 11:38 CET
Volkswagen said operating profit declined 3.1 percent in the second quarter as emerging-market volatility and a plunge in earnings at its core passenger-car division weighed on earnings.... Read More »

Fiat profit falls on weak North, South America performance; Europe loss reduced

July 30, 2014 11:33 CET
Fiat reported a fall in second-quarter operating profit as a better performance from its luxury brands and its Asia and European operations failed to offset weak Latin American and disappointing North American results.... Read More »

PSA's car division back in profit as new CEO makes mark

July 30, 2014 08:27 CET
PSA/Peugeot-Citroen narrowed its first-half net loss and posted the first positive contribution from its core auto division in three years, as the carmaker's recovery plan began to show early results.... Read More »

Renault first-half profit surges 25% on cost cuts

July 29, 2014 08:28 CET
Renault reported a 25 percent jump in first-half operating profit thanks to cost-cutting even as currency headwinds and mounting inventories hurt sales and cash flow.... Read More »

Ford posts European profit in second quarter

July 24, 2014 12:40 CET
Ford posted a second-quarter pre-tax profit of $2.6 billion, boosted by its first quarterly profit in Europe in three years and record quarterly earnings in North America.... Read More »

Daimler seeks boost for Smart from new 4-seat model

July 16, 2014 16:10 CET
Smart took the wraps off a four-seat model that it hopes will give the small-car brand a more solid foundation. The new ForFour was unveiled alongside the latest version of the ForTwo two-seater, currently the brand's only model.... Read More »

BMW recalls 1.6 million 3-series cars to replace airbags

July 16, 2014 13:59 CET
BMW is recalling 1.6 million 3-series cars globally for a front-passenger airbag defect that has caused automakers including Toyota and Nissan to repair millions of vehicles.... Read More »

VW picks U.S. plant over Mexico for new crossover

July 14, 2014 06:01 CET
VW has picked its U.S. plant in Chattanooga, Tennessee, instead of its factory in Puebla, Mexico, to build a new seven-seat crossover.... Read More »

VW to invest 2 billion euros to build new China plants

July 7, 2014 10:50 CET
VW says it will invest 2 billion euros ($2.7 billion) to construct two new vehicle plants in China. The move is part of a wider plan by the carmaker to invest 18.2 billion euros in its No. 1 market through 2018.... Read More »

Porsche will increase work force 24% in global expansion

July 1, 2014 15:43 CET
Porsche will increase its headcount by about 5,000 to underpin its global growth ambitions. The new jobs will be created in model development, production, sales and servicing, Porsche said.... Read More »

Renault-Nissan, Daimler launch plans for car plant in Mexico

June 27, 2014 15:46 CET
Daimler and Renault-Nissan plan to invest 1 billion euros ($1.36 billion) to develop compact cars and build a factory in Mexico. The factory will start making cars for Infiniti in 2017, followed by Mercedes cars in 2018, the companies said.... Read More »

Audi plans plug-in hybrid offensive

June 27, 2014 10:46 CET
Audi plans to launch at least four plug-in hybrid cars as it bets on the technology to counter rival BMW's electric car offensive. The first of these, the A3 Sportback E-tron, will be rolled out this month.... Read More »

Daimler and Nissan approve joint Mexico production, report says

June 26, 2014 09:38 CET
Daimler and Nissan have finalized a joint venture deal to build future Mercedes and Infiniti compact cars in Mexico, sources said today as the automakers called a news conference to unveil the plans.... Read More »

Ford aims Edge SUV at German premium brands

June 25, 2014 09:49 CET
Ford believes it can win premium brand customers in Europe with the Edge large SUV. The Edge will be Ford's first large SUV in Europe since the automaker phased out the Explorer in 2001.... Read More »

Ferrari plans 20% CO2 cut by 2021

June 24, 2014 06:01 CET
Ferrari wants to reduce its fleet carbon dioxide emissions by 20 percent by 2021 while simultaneously boosting performance. To do this the supercar maker will use turbochargers on V-8 engines and hybrid systems on V-12s, a top executive said.... Read More »

Toyota Avensis' future in doubt with no hybrid variant planned

June 19, 2014 06:01 CET
The future of the Toyota Avensis is in doubt after the automaker's Europe boss said the mid-sized model would be excluded from the company's plan to offer hybrid versions of every model sold in the region by 2020.... Read More »

Europe car sales rise for ninth month

June 17, 2014 09:32 CET
Europe's car sales rose 4 percent in May as growing consumer confidence encouraged purchases of new models. Volume brands such as Renault, Opel, Peugeot and Skoda gained while Ford, Fiat and Hyundai lost ground.... Read More »

Ford will keep Fiesta production in Germany after cost-saving deal

June 10, 2014 06:01 CET
Ford will keep production of the Fiesta in Germany after agreeing with workers to cut assembly costs. Reports had said Ford could move Fiesta production to its Romanian factory where the B-Max is built.... Read More »

AvtoVAZ plans deeper job cuts; 13,000 to go at Togliatti

June 6, 2014 16:40 CET
Russia's largest carmaker, AvtoVAZ, says it expects to cut about 13,000 workers -- up from 7,500 -- at its Togliatti plant due to falling sales of its Lada brand. The factory employed 65,891 at the end of last year.... Read More »

Daimler to close Car2Go unit in UK

May 29, 2014 10:36 CET
Daimler's Car2Go unit will withdraw from the UK tomorrow after the car-sharing business it runs with rental firm Europcar failed to gain traction in London.... Read More »

PSA to move Citroen C3 output to Slovakia from France, sources say

May 22, 2014 14:58 CET
PSA will build its next C3 subcompact in Slovakia instead of France, sources close to the carmaker said. The move is part of a strategy to shift production of low-margin small cars away from western Europe, where costs are considered too high.... Read More »

Toyota named most valuable car brand

May 21, 2014 06:15 CET
Toyota defended its title as the world's most valuable car brand. BMW was No. 2 while Ford made the biggest improvement, leaping past VW brand and Nissan into the top five, according to a study.... Read More »

Audi mulls Q8 SUV, Stadler says

May 9, 2014 11:47 CET
Audi is considering an SUV positioned above its Q7, CEO Rupert Stadler said. His remarks come shortly after rival BMW unveiled plans to build a new X7.... Read More »

PSA names new chiefs for Citroen and DS brands

May 7, 2014 12:02 CET
Citroen's UK chief, Linda Jackson, will replace Frederic Banzet as the brand's CEO while strategy director Yves Bonnefont, who is Citroen's deputy head, will lead the upscale DS line as it becomes a stand-alone unit.... Read More »

FIAT CHRYSLER 5-YEAR PLAN

Alfa to add 8 models as part of 5 billion euro relaunch

May 6, 2014 17:18 CET
Alfa Romeo parent Fiat Chrysler Automobiles will invest 5 billion euros into the struggling brand to add eight nameplates by 2018 with a goal of more than quintupling Alfa's global sales to 400,000 vehicles.... Read More »

FIAT CHRYSLER 5-YEAR PLAN

Fiat focuses on profit in Europe

May 6, 2014 17:05 CET
Fiat aims to boost sales in its Europe, Africa and Middle East region by 27 percent to 1.5 million vehicles in 2018, but sees little growth for its core Fiat brand as it focuses on a return to profit.... Read More »

Marchionne aims to double Jeep's global sales by 2018

May 5, 2014 06:01 CET
Fiat Chrysler CEO Sergio Marchionne wants the Jeep brand to double its global sales to more than 1.5 million vehicles by 2018, sources said. Marchionne sees the brand as one of Fiat Chrysler's main pillars of growth.... Read More »

French court overturns Mercedes sales ban

May 5, 2014 16:19 CET
France's top administrative court has overturned the French government's decision last year to ban the sale of certain Mercedes vehicles in a dispute over an air-conditioning refrigerant.... Read More »

Alfa will become stand-alone company, sources say

April 28, 2014 06:01 CET
Fiat-Chrysler CEO Sergio Marchionne will turn Alfa Romeo into a stand-alone company -- like Maserati and Ferrari -- as part of his latest plan to revive the brand, sources told Automotive News Europe.... Read More »

European car sales rise 10% in March

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 »

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 »

 
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Defying Dad, by building on his legacy

Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, Ray and Rik Fregia are seeing sales boom after million-dollar overhauls at their three stores. Mon., September 15
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