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VW Group reports record profit on Audi, Porsche gains

VW Group said its operating profit rose 8.8 percent to a record 12.7 billion euros ($14.25 billion) last year on double-digit gains in sales of luxury Audi and Porsche models. The company said its sales revenue rose 2.8 percent to a new high of 202.5 billion euros. Read More »

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Former BMW exec Diess starts as VW brand boss in July

Former BMW executive Herbert Diess will take charge of Volkswagen's core brand from Martin Winterkorn three months earlier than planned, VW said. Read More »

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2015 GENEVA AUTO SHOW:

VW's sleek concept set to become image-carrier

VW will preview a coupe-styled sedan at the Geneva auto show that is set to become a production model that will attract customers from cars such as the Mercedes CLS. Read More »

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Marchionne raises FCA stake as Ferrari spinoff nears

Fiat Chrysler Automobiles CEO Sergio Marchionne has increased his voting stake in FCA to nearly 1 percent after raising his shareholding in the company by 2.3 million common shares to 14.4 million as the automaker readies to spin off Ferrari. Read More »

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2015 GENEVA AUTO SHOW:

China's Qoros mulls SUV launch in Slovakia

Chinese automaker Qoros will debut its Qoros 3 City SUV at the Geneva auto show next week, but the company does not yet have a date for the model's launch in its European pilot market of Slovakia. Read More »

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Yamaha plans 2-seat car for Europe, source says

Japanese motorcycle maker Yamaha aims to start making and selling two-seat cars in Europe as early as 2019, a person familiar with the plan told Reuters on Friday. Read More »

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2015 GENEVA AUTO SHOW:

Honda counts on roomy Jazz for sales boost

Honda hopes features such as segment-leading interior space will boost sales of its Jazz subcompact in Europe. The third-generation Jazz is 95mm longer than the current car and its wheelbase has been extended by 30mm. Read More »

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2015 GENEVA AUTO SHOW:

SsangYong Tivoli will join expanding small SUV segment

SsangYong will enter the booming subcompact SUV segment in Europe with the Tivoli. The car will compete with models such as the Nissan Juke and Renault Captur, SsangYong said. Read More »

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NICK GIBBS:

Aston's clever distractions

Aston Martin is cleverly covering up its biggest weakness -- its slow-selling, money-losing, aging lineup -- by creating headline-grabbing limited-edition models. Read More »

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ANE's March e-magazine goes live Monday

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, March 2. This month's edition looks why ultraluxury brands such as Bentley, Lamborghini, Rolls-Royce and Maserati are poised to keep experiencing unprecedented success. Read More »

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2015 GENEVA AUTO SHOW:

Audi says new R8 is its most powerful production car

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. Read More »

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As election nears, automakers fear UK exit from EU

Automakers with production in the UK are increasingly worried about the prospects of the country leaving the European Union. Prime Minister David Cameron has said he will offer an in-out referendum on EU membership if he wins a general election in May. Read More »

Porsche hedge-fund lawsuit faces dismissal in Germany

Hedge funds seeking 1.2 billion euros ($1.4 billion) in damages from Porsche SE in Germany over its failed attempt to take over carmaker Volkswagen Group in 2008 will likely have their case dismissed, according to a German judge. Read More »

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Lada proves popular in Crimea's vacated car market

Lada, Russia's biggest car brand, has become a favorite in Crimea after its annexation by Vladimir Putin's government. Read More »

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Daimler plans years of cost cuts to offset investments to reduce CO2 emissions

Daimler plans to offset higher costs for technology to cut CO2 emissions with material cost savings for at least the next few years, Chief Financial Officer Bodo Uebber said. Read More »

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Volvo boosts 2014 profit by 17% on record sales

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. Read More »

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Ford hires 400 more than planned in Canada to support output of Europe-bound Edge SUV

Ford has hired about 400 more workers than it previously said it would need to build the redesigned Edge crossover in Canada. The Edge will be exported to Western Europe, China and other new overseas markets. Read More »

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2015 GENEVA AUTO SHOW:

Blazing-fast McLaren 675LT to debut

McLaren Automotive plans to introduce the 675LT at next week's Geneva auto show. Read More »

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2015 GENEVA AUTO SHOW:

VW says new Touran is lighter, roomier, more frugal

VW's new lighter, roomier Touran minivan will offer the biggest luggage compartment in its class, along with new active and passive safety features and seamless connectivity to Apple and Android smartphones, the automaker said. Read More »

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2015 GENEVA AUTO SHOW:

Aston says Vulcan supercar will cost $2.79 million

Aston Martin said its 800-plus-hp Vulcan will cost 1.8 million pounds ($2.79 million) in the company's UK home market. Aston said the carbon fiber supercar is powered by the most potent iteration to date of the company's naturally aspirated, 7.0-liter V-12 gasoline engine. Read More »

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Magna cuts sales forecast on weak Europe demand

Canadian auto parts maker Magna International Inc. cut its revenue forecast for 2015, hurt by weak demand from Europe. Read More »

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Daimler labor chief queries pace of U.S. expansion

Daimler's plans to expand production in the United States should be recalibrated if the euro remains weak against the dollar, the automaker's top labor chief, Michael Brecht, said. Read More »

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VW CEO Winterkorn sees former BMW, Daimler managers as potential successors, report says

Volkswagen Group CEO Martin Winterkorn sees Andreas Renschler and Herbert Diess, who are joining VW from rivals Daimler and BMW, among his potential successors, according to a German magazine. Read More »

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Jaguar Land Rover 'is indeed looking' at N.A. plant, Tata says

Jaguar Land Rover is considering a North American auto plant to keep up with growing world demand for luxury vehicles, Tata Motors Chairman Emeritus Ratan Tata said. A UK newspaper had earlier said that JLR was considering Austria and Turkey for a new factory, not the U.S. Read More »

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Valeo sees further profit gain after beating 2014 goal

Valeo is targeting a further boost in profitability this year after exceeding its 2014 goals on strong demand for emissions-cutting technologies and intuitive driving systems. The company's operating profit margin rose to 7.2 percent last year beating a 7 percent goal. Read More »

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2015 GENEVA AUTO SHOW:

Nissan Sway concept may preview new Micra

Nissan will unveil the Sway concept car at the upcoming Geneva auto show. The Sway will preview the automaker's next Micra subcompact, reports said. Read More »

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Union OKs 3% wage rise in Daimler, Porsche's heartland

Germany's biggest trade union, IG Metall, accepted a 3 percent wage increase for the country's southwest region, home to carmakers Daimler and Porsche. The union had called for a 5.5 percent increase. Deals agreed in the region traditionally serve as a template for agreements across Germany. Read More »

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Tata plans image lift for ultracheap Nano

Tata Motors, producer of the car conceived as the world's cheapest, is rethinking the “cheap” part of it. The Indian automaker believes its Nano, which went on sale in 2009 with a price tag of about $2,500, may have been too inexpensive for its own good. Read More »

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Faurecia U.S. chief Heneka to retire March 1

Mike Heneka, who led an immense expansion effort in the U.S. as president of Faurecia North America, will retire on March 1, the seating and emissions systems supplier said. Read More »

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Toyota's most high-tech car gets ultra low-tech birth

The disparities are stark between the petite workshop making Toyota's futuristic Mirai fuel cell sedan and the massive assembly lines churning out its other cars. Read More »

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Continental increases microcontroller output in China

Continental says it has launched production of transmission control units on a second line at its plant in Tianjin, China. The German supplier's transmission division entered China in 1998. Aside from its factory in Tianjin, the unit has an r&d center in Shanghai. Read More »

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GKN sees more growth this year after 2014 profits rise 4%

UK supplier GKN reported a 4 percent rise in annual profit last year and said it expected to grow again in 2015, helped by the continued strong demand for car parts. Read More »

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VW Eos output will end on declining cabrio demand

VW plans to stop making its Eos cabriolet as customer tastes shift away from convertibles in general and retractable hardtops like the Eos in particular. European sales of convertibles from volume carmakers fell 20 percent last year. Read More »

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China's Wanxiang to rebrand Fisker as Elux, report says

Chinese auto parts maker Wanxiang Group will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, sources said. Fisker was co-founded by Danish designer Henrik Fisker, who created the Aston Martin DB9 and the BMW Z8. Read More »

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Bentley Bentayga spied during tests

Bentley's first SUV, the Bentayga, was photographed undergoing cold weather testing near the Arctic Circle. The Bentayga will go on sale in 2016 and the UK ultraluxury brand expects the vehicle to help almost double its annual vehicle sales to 20,000 by 2020. Read More »

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Bugatti sells last Veyron, ending era for VW supercar

Volkswagen Group sold the 450th and final Bugatti Veyron, marking the end of one of the most exclusive supercars ever built. The 450 Veyrons were sold for an average price of about 2.3 million euros ($2.6 million) each. Read More »

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

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. Read More »

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NEWS ANALYSIS:

For Apple, an opportunity to revolutionize the automobile, without ever selling one

What could Apple do for the auto industry? With its $178 billion cash pile, probably anything it wants. But there's little reason to believe that Apple would want to join a marketplace that already exists — unless it saw an opportunity to revolutionize it. Read More »

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2015 GENEVA AUTO SHOW PREVIEW:

BMW minivan, Renault crossover join Ferrari, Mercedes debuts

Exotic supercars such as the Ferrari 488 GTB will line up alongside BMW's second front-wheel-drive minivan and key new models from Renault and Skoda at this year's Geneva auto show. Read More »

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VW wins government approval for Thai plant

Volkswagen won approval from Thai authorities to build a manufacturing plant for fuel efficient cars near Bangkok after months of delays. Read More »

 
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Most Read
Has diesel peaked in Europe?

Richard Truett
12:01 am U.S. ET | Feb. 16 2015

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Pollution is one reason why the diesel engine has perhaps peaked at 50 percent of new-car sales in m ...
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Did VW pick the wrong U.S. state to build the Passat?

Christiaan Hetzner
5:48 am U.S. ET | Feb. 11 2015

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Kentucky Gov. Steven Beshear has a message for any German carmaker or supplier considering expanding ...
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Ford Mondeo hybrid may benefit from diesel backlash

Nick Gibbs
7:53 am U.S. ET | Feb. 10 2015

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Ford does not expect its Mondeo hybrid to be a big seller in Europe but the environmentally friendly ...
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Has VW scored an own goal bankrolling its soccer club?

Christiaan Hetzner
10:05 am U.S. ET | Feb. 6 2015

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With Volkswagen looking to save 5 billion euros in costs at its core VW brand and key wage negotiati ...
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Qoros should ditch Europe ambitions and focus on China

Yang Jian
5:47 am U.S. ET | Feb. 6 2015

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China's Qoros is embarking upon an ambitious plan to reinvent itself as a global automaker with a ne ...
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German auto industry feels ripples from Paris terror attacks

Christiaan Hetzner
5:53 am U.S. ET | Jan. 30 2015

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The January killings of journalists at satirical magazine Charlie Hebdo in Paris have brought ...
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Zetsche done taking beating for Daimler double duty

Christiaan Hetzner
12:01 am U.S. ET | Jan. 28 2015

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Dieter Zetsche has been the whipping boy of the German premium auto industry for years, but that sho ...
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Why VW is closer than ever to global No. 1

Douglas A. Bolduc
5:26 am U.S. ET | Jan. 21 2015

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Volkswagen Group has reason to celebrate. Toyota seemingly conceded the title of world's largest automaker to its German rival 21 days into the new year. ...
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Farewell to an auto PR legend

Luca Ciferri
8:17 am U.S. ET | Jan. 21 2015

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Nothing was impossible for automotive PR man Tom Kowaleski even literally crashing into an auto show ...
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Jeep uses Paris boat show to gain traction

Bruce Gain
6:34 am U.S. ET | Jan. 16 2015

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Jeep hopes its role as a marketing partner at the Nautic in Paris, one of Europe's biggest boat show ...
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German car sales rise as Europe rebound continues
New-car sales in Germany rose 3 percent in January, adding to signs that the European rebound is con ...
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Spanish car sales jump 28% for 17th month of growth
New-car sales in Spain rose 28 percent in January, the 17th consecutive month of growth. ...
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French car sales rise 6% in Jan. as foreign brands gain
French car sales rose 6 percent in January, halting a three-month decline. Volkswagen, BMW, Toyota a ...
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Europe 2014 sales rise on low-cost brands shift
European car sales in 2014 rose for the first time in seven years, thanks to government incentives, ...
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Russia car sales forecast to drop 24% as economic crisis worsens
Russian car sales are set to decline by 24 percent this year after falling 10 percent in 2014 as the ...
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W. Europe car sales up 5% in 2014; 3% gain seen for 2015
New-car sales in western Europe increased by 5 percent in 2014, the best result since 2009, but grow ...
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German car sales rose 7% in December on extra selling day
New-car sales in Germany rose 7 percent in December, returning Europe's largest auto market back to positive annual growth after two years of shrinking sales. ...
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Car sales slump in France in December, but rise in Spain and Italy
France's floundering economy pushed car sales 7 percent lower in December, while Spanish sales jumpe ...
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Budget brands win despite Europe's car sales slowdown
New-car registrations in Europe rose 1 percent in November, with budget brands beating the market as ...
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Russian auto market decline slows in November
Russian car sales fell 1 percent in November compared with 10 percent the month before as a state sc ...
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Grupo Antolin shakes up management team
Grupo Antolin, the world's largest supplier of vehicle headliners, has shaken up the top tier of its ...
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Bentley names industry veteran Winkler to head Americas unit
Bentley said it appointed Michael Winkler as president and CEO of Bentley Motors in the Americas, replacing Christophe Georges, who will become director of product and... ...
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Ford names new lobbyist in Europe as free trade, CO2 pressure intensifies
Ford of Europe has promoted veteran lobbyist Andrew McCall as its new vice president for government ...
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New Mini boss is former Audi executive
BMW named former Audi executive Sebastian Mackensen as head of its Mini brand. ...
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Volvo appoints Kerssemakers as U.S. chief
Volvo is reshuffling its North American management by appointing global corporate product strategy c ...
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McLaren names new design chief
UK supercar maker McLaren promoted Robert Melville to the post of chief designer, reporting to the c ...
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VW's Seat brand recruits Ford designer Lamm
Volkswagen's Seat brand has recruited Ford of Europe stylist Stefan Lamm as its new head of exterior ...
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Aston Martin hires former Porsche exec as China boss
Aston Martin has hired former Porsche and BMW executive Michael Mingshan Peng as its new China boss ...
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Bosch's automotive head quits to become CEO of Mahle
The head of Bosch's automotive division, Wolf-Henning Scheider, has quit the world's top-ranked supp ...
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Ford-Getrag JV names new COO
Getrag Ford Transmissions, a joint venture between the U.S. automaker and the German supplier, has named Sue Slaughter as its chief operating officer. ...
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Sportier Skoda Fabia keeps its functionality
The new Skoda Fabia highlights how the fast-growing Czech value brand is adding a touch of style to ...
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Mazda2 gets bigger, lighter and bolder
Mazda expects its latest Mazda2 hatchback to make a bigger impact in Europe's highly competitive sub ...
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Fiat goes global with 500X
Fiat's 500X has the widest engine and transmission range in the automaker's lineup as the company pr ...
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BMW X6 gets sleeker to keep edge on new rivals
BMW successfully created a niche for coupe-styled large premium SUVs with the X6, but the second-gen ...
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Daimler seeks profitability at Smart with 2 minicar sizes
Daimler hopes to make its Smart small-car unit sustainably profitable by offering the same car in tw ...
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VW Passat tackles trailer troubles
Volkswagen has made a big effort to ensure its latest Passat remains Europe’s best-selling mid ...
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Audi boss calls A3 e-tron the 'perfect' EV
Audi CEO Rupert Stadler calls the A3 Sportback e-tron the “perfect electric vehicle for every ...
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Mercedes pushes S-class plug-in's zip
Mercedes-Benz's marketing plan for the new S-class plug-in hybrid aims to show prospective buyers th ...
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Lexus readies hybrid-only BMW X5, Mercedes M class rival
Lexus is counting on the NX hybrid to help it stand out against Europe's top-selling premium large c ...
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VW says Golf GTE plug-in hybrid offers the 'best of both worlds'
Volkswagen says its Golf GTE plug-in hybrid offers eco-friendly buyers the “best of both world ...
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Faurecia helps cut CO2 in new Renault Twingo
Faurecia's emissions control systems helps the third-generation Renault Twingo reduce fuel consumpti ...
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ZF provides Maserati Quattroporte with leaner, smarter transmission
ZF supplies the new-generation Maserati Quattroporte's eight-speed automatic transmission, which is ...
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BWI Group gives Lamborghini Huracan added stability
BWI Group provides added stability to the new Lamborghini Huracan with its optional magneto-rheologi ...
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Magna, Haartz team up on Opel Cascada roof
Magna International and Haartz Corp. teamed up to supply the new Opel Cascada's folding softtop roof ...
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Marelli helps optimize Alfa 4C's transmission
Magneti Marelli supplies the Alfa Romeo 4C roadster with the technology that helps optimize the perf ...
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BorgWarner helps boost power in BMW 2 series
BorgWarner-sourced turbochargers for the new BMW 2 series help boost power by as much as 13 hp to 18 ...
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