VW CEO eyes solid 2016 growth despite crisis

April 28, 2016 13:00 CET

VW Group has a chance to post solid growth in its operating business this year even as it grapples with its emissions-cheating scandal and a strategic repositioning, CEO Matthias Mueller said. Cost reductions are "in full swing" at individual brands and across the group, he added.... Read More »

Bosch set aside 650 million euros for legal costs in '15

April 28, 2016 11:20 CET

Bosch set aside 650 million euros in 2015 for potential legal costs, including for an investigation into the company's role in VW Group's emissions scandal. Bosch makes an engine management program used by automakers including VW.... Read More »

VW to pay top execs $72 million for 2015

April 28, 2016 10:14 CET

VW Group said it plans to pay the 12 current and former members of its management board $71.8 million for 2015, a year when Europe's largest carmaker posted a record loss due to legal and compensation costs for cheating on emissions tests.... Read More »

RYAN BEENE

BLOG: Some days, it's nice to be a Mitsubishi dealer

4:36 pm U.S. ET | April 28, 2016

Facing a scandal over emissions violations, how did Mitsubishi quickly provide the kind of clarity and closure that Volkswagen dealers still yearn for?... Read More »

Ford will shut one F-150 line for a week over mechanical issues

3:15 pm U.S. ET | April 28, 2016

Ford is idling its F-150 assembly line in Missouri for one week in May to address mechanical issues that had been hindering the plant's output. The temporary shutdown comes as F-series inventory reaches its highest level in nearly a decade.... Read More »

BorgWarner Q1 adjusted earnings rise 5%

11:19 am U.S. ET | April 28, 2016

Turbocharger and emissions systems supplier BorgWarner said today its first-quarter adjusted earnings rose on higher sales, even as one-time costs dragged down its net income.... Read More »

Supplier Tower International cancels plan to sell European unit

4:10 pm U.S. ET | April 28, 2016

Tower International, which makes heavy metal components and assemblies for cars and trucks, said today it will not sell its European division, citing the industry's growth in the region.... Read More »

Mich. bills would make hacking electronic vehicle systems a felony, with life in prison

3:41 pm U.S. ET | April 28, 2016

Hacking into an electronic vehicle system would have serious consequences under bills introduced today in the Michigan Senate: life in prison for the offender.... Read More »

GM China sees strong growth for luxury models and EVs

3:56 pm U.S. ET | April 28, 2016

Chinese consumers' continued preference for luxury brands could help make that country Cadillac's largest global market in the next five to 10 years, the head of General Motors China said today.... Read More »

VIDEO: AutoNews Now: FCA, Google in talks?

12:01 am U.S. ET | April 28, 2016

FCA reportedly near deal with Google; FCA's Chinese partner seeks way into U.S.; April U.S. sales rise expected; Ford working on 200-mile EV; Autonomous-car tech going bust with boomers.... Read More »

Gen Y more likely than older drivers to trust self-driving tech, study finds

1:00 pm U.S. ET | April 28, 2016

More than half of those born after 1976 say they trust autonomous tech, compared with 41 percent in Generation X, 23 percent of baby boomers and 18 percent of the pre-boomer generation, J.D. Power's annual U.S. Tech Choice Study found.... Read More »

Denso's fiscal-year net falls 5.8%; Aisin Seiki's climbs 14%

3:13 pm U.S. ET | April 28, 2016

Denso's net income fell 5.8 percent in the fiscal year which ended March 31, even as revenue rose 5 percent, the parts supplier said. Separately, Aisin Seiki said its net rose 14 percent as revenue rose 9.4 percent.... Read More »

Ford plans EV to compete with Chevy Bolt, Tesla Model 3, Fields confirms

12:42 pm U.S. ET | April 28, 2016

Ford is developing an electric vehicle that would be competitive with the Chevrolet Bolt and Tesla Model 3, CEO Mark Fields said.... Read More »

FCA-Google talks? Marchionne may have dropped a hint

1:53 pm U.S. ET | April 28, 2016

Did Fiat Chrysler CEO Sergio Marchionne tip his hand at ongoing talks with Google earlier this week? During a call with analysts Tuesday as FCA delivered first-quarter results, Marchionne was asked about potential partnerships with nonautomotive companies.... Read More »

Auto industry must do more to close gender gap in leadership roles, report finds

10:24 am U.S. ET | April 28, 2016

The auto industry must do more if it wants to close the gender gap in its leadership positions, a report released today found. The survey was conducted by EY, a consulting firm.... Read More »

China's GAC looks to Fiat Chrysler to help enter U.S.

9:44 am U.S. ET | April 28, 2016

China's Guangzhou Automobile Group, whose partnership with Fiat Chrysler Automobiles enables the Italian-American automaker to manufacture in China, wants Fiat Chrysler to return the favor by helping it launch U.S. sales.... Read More »

VW eyes new partners; not talking with Google, Apple

April 28, 2016 10:47 CET

VW will open itself up to more partnerships and strategic investments to help generate a "substantial proportion" of its revenue from new business models, CEO Matthias Mueller said. Discussions are already at an "advanced stage," but Google and Apple are not among tech companies VW is in discussions with, he said.... Read More »

VW will strengthen cooperation with Qatar, CEO says

April 28, 2016 12:10 CET

VW Group will strengthen it cooperation with Qatar, the automaker's third-largest shareholder, CEO Matthias Mueller said, as Europe's biggest carmaker struggles to overcome its emissions-cheating scandal and reposition its business.... Read More »

VIDEO: First Shift: Ford posts record Q1 profit

12:01 am U.S. ET | April 28, 2016

F-150 helps push Ford to record Q1 profit; Fields: 'Absolutely terrific start'; Mitsubishi: No test-data problems in newer U.S. models; VW's growth outlook; JLR phone-finder app; Hyundai NFL promo.... Read More »

VW brand stumbles to Q4 loss on emissions crisis

April 28, 2016 08:17 CET

VW Group's namesake car brand slumped to a loss in the fourth quarter as the automaker's emissions-cheating scandal tarnished its reputation and added costs to appease customers and dealers. The VW brand posted a loss of 127 million euros ($144 million) in the final three months of 2015.... Read More »

April U.S. sales expected to rise 4% with SAAR of 17.4-17.6 million

3:55 pm U.S. ET | April 27, 2016

U.S. new-vehicle sales in April are projected to rise about 4 percent from a year ago, according to four forecasts, easing concerns that the market is weakening. After falling short of expectations in March, sales are on pace for one of the industry's best-ever Aprils, analysts said.... Read More »

Why the Porsche-Piech clan is not rushing in to fix VW

April 27, 2016 10:41 CET

The Porsche-Piech clan, led by Wolfgang Porsche, that controls scandal-hit VW Group has the voting power to muscle through change at the automaker, but family members are not acting on it. That has left a power vacuum even as VW faces costs that could top $30 billion.... Read More »

Germany to offer 4,000 euro subsidy to boost EV sales

April 27, 2016 12:25 CET

Germany announced a plan today to invest about 1 billion euros ($1.13 billion) to promote electric cars, which will include subsidies of 4,000 euros ($4,524) for buyers of EVs and 3,000 euros for those choosing to purchase a plug-in hybrid.... Read More »

Mitsubishi says 2013-17 audit showed no U.S. testing flaws

4:54 pm U.S. ET | April 27, 2016

Mitsubishi Motors, embroiled in a scandal over inflated fuel economy ratings for small cars sold in Japan, said today that an internal audit has found no testing problems with cars sold in the United States between model years 2013 and 2017.... Read More »

Group 1 CEO says automakers need to cut production

12:01 pm U.S. ET | April 27, 2016

The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.... Read More »

 
Lightweighting push puts pressure on leather

Nick Gibbs
12:01 am U.S. ET | April 29 2016

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Automakers' growing desire to cut weight from cars wherever they can is significantly boosting sales of an upmarket leather alternative, says the boss of the company that... ...
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VW's other headache: workers' demand for a 5% pay hike

Christiaan Hetzner
4:06 am U.S. ET | April 20 2016

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Volkswagen has enough money to cover the costs of its emissions-rigging scandal. ...
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VW's tone-deaf management


8:56 am U.S. ET | April 13 2016

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In view of Volkswagen's emissions-rigging scandal, it's amazingly tone-deaf and irresponsible that t ...
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Google and Apple can be good for industry, Renault-Nissan connectivity chief says

Bruce Gain
12:01 am U.S. ET | April 13 2016

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Are Google and Apple enablers or disruptors? A little of both, says Ogi Redzic, Renault-Nissan's head of connected vehicles and mobility services. ...
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Will the Mercedes pickup truck be called X class?

Jay Ramey
12:01 am U.S. ET | April 8 2016

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Mercedes will preview its upcoming pickup truck at the Paris auto show this autumn, according to a m ...
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Bo Andersson shares lessons learned at Lada

Nick Gibbs
12:01 am U.S. ET | April 7 2016

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Bo Andersson, the departing CEO of Lada maker AvtoVAZ, used his farewell email to say he was “ ...
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Is CNG the future? Yes, but…

Luca Ciferri
12:01 am U.S. ET | April 6 2016

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Rinaldo Rinolfi, one of the fathers of the common-rail diesel, and a true powertrain guru, is someon ...
 Read More ›

PSA demonstrates realistic way of measuring fuel economy

Nick Gibbs
12:01 am U.S. ET | April 2 2016

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PSA says it aims to win back trust from consumers in the wake of VW's emissions-cheating scandal by ...
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VW's Seat profit is actually a loss

Christiaan Hetzner
5:29 am U.S. ET | March 23 2016

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When is making a profit actually a loss? When you're the accountant at VW Group's underperforming Se ...
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Evoque convertible could challenge sporty German coupes

Nick Gibbs
12:01 am U.S. ET | March 22 2016

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Jaguar Land Rover finally has a model to compete with convertible versions of German premium coupes. ...
 Read More ›

2015 Assembly map
 
Newsletters & Alerts
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European car sales rise 6% in March but VW brand dips
European new-car sales rose nearly 6 percent last month despite a fall in sales for Volkswagen's cor ...
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Russia's March car sales drop 10% as decline slows
New-car sales in Russia fell 10 percent in March, the smallest decline in 15 months, causing a leadi ...
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Western Europe car sales rise 5% in March
Western European car sales rose 5.2 percent in March on strong growth in the UK, France and Italy. F ...
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VW brand trails rivals as Europe sales rise 14% in February
European new-car sales rose 14 percent in February, but Volkswagen lost market share for the sixth m ...
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Nissan Qashqai, Audi Q3 lead continued sales surge for SUVs in Europe
Sales of SUVs and crossovers surged 22 percent in Europe last year, outpacing the overall market's 8 ...
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Western Europe car sales rose 14% in February
Western European car sales rose 14 percent in February as key regional markets reported double-digit ...
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European car sales rise 6% in January but VW share hit by diesel scandal
European car sales rose 6.3 percent last month, although Volkswagen, the region's No. ...
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Why French and Germans still believe in the compact minivan sector
Compact minivan sales remain valuable to French and German automakers even though more brands are qu ...
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Western European car sales rise 6% on Spain, Italy rebound
Western European car sales rose nearly 6 percent in January as the southern markets of Spain and Ita ...
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Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales
Jeep, Smart and Jaguar were the biggest winners last year in Europe, where overall vehicle sales ros ...
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BMW promotes Petter Witt to N.A. vice president of operations
BMW has rewarded a regional manager who “fully embraced” the automaker's efforts to create its Future Retail dealership standards. ...
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IAC promotes two execs to head N.A., Europe operations
International Automotive Components named Maurice Sessel and Kelli Carney to run its North American and European operations, respectively. ...
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Mini appoints new head of Americas
David Duncan, head of Mini of the Americas, will take on a new role as head of BMW Group's corporate and special sales. ...
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Renault names new finance chief as Thormann retires due to poor health
Renault finance director Dominique Thormann is retiring for health reasons. He will be succeeded by Clotilde Delbos, currently a senior vice president at the automaker. ...
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Renault picks company veteran to head Dacia
Renault named veteran executive Yves Caracatzanis as head of its Dacia low-cost brand in Romania. ...
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PSA promotes Italy chief to run Changan JV in China
PSA/Peugeot-Citroen named veteran manager Olivier Mornet as president of its Chongqing Changan Auto ...
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GM appoints veteran Brazilian executive as Europe engineering chief
GM named Brazilian national William Bertagni as head of its European vehicle engineering unit. Berta ...
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New Lamborghini CEO is ex-Ferrari F1 team boss Domenicali
Lamborghini named Stefano Domenicali, a former head of Ferrari's Formula One team, as its new CEO. ...
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Honda names new Europe and North America chiefs
Honda named new chiefs for the company's operations in Europe and North America. ...
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Toyota counts on big boost from greener, zippier Prius
Toyota expects to solidify its position as the region's leader in hybrid sales with the new Prius, w ...
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High-tech E class pushes Mercedes ahead of rivals
Mercedes-Benz makes a big leap toward self-driving cars with the new E class, which debuts a hands-f ...
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Kia renews Sportage but drops the price
Kia has reduced the price of its new Sportage in the key German market even though the SUV is roomie ...
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Audi focuses on battery to make Q7 e-tron stand out from plug-in rivals
Audi expects its Q7 e-tron plug-in hybrid to stand out from a fast-growing list of competitors that ...
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Subaru wants Levorg to help brand forget losing Legacy
Subaru expects its new Levorg station wagon to have success in Europe that eluded the vehicle it rep ...
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SsangYong adds diesel, awd to Tivoli SUV
SsangYong hopes the addition of a diesel engine will boost sales of its Tivoli in Europe's booming s ...
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Range Rover Evoque convertible is not a 'niche too far'
Land Rover says its Range Rover Evoque created a new niche for sporty premium compact SUVs when the ...
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Hyundai Tucson gets big boost from Europe's SUV boom
Hyundai expects the Tucson to change perceptions of the brand in Europe, thanks to its bolder design ...
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Product launches follow a faster cadence
New model launches are getting faster, more frequent and less certain. They also might be a lot fart ...
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Opel boosts connectivity offer in new Karl
Opel's new entry-level model, the Karl, is the brand's cheapest car but it now offers advanced conne ...
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Suppliers to the new Skoda Superb
Assembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Cze ...
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Suppliers to the new Ford S-Max
Assembly of the second-generation Ford S-Max began in May 2015 at Ford's factory in Valencia, Spain. ...
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Suppliers to the new Mercedes GLC
Production of the first-generation Mercedes-Benz GLC began in June 2015 at parent Daimler's factory ...
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Suppliers to the new Jaguar XF
Assembly of the second-generation Jaguar XF began in June 2015 at Jaguar Land Rover's factory in Cas ...
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Suppliers to the new Audi Q7
Assembly of the second-generation Audi Q7 began in February 2015 at the German automaker's factory i ...
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