Automotive News Europe

Automakers welcome mandatory fitment of eCall in EU

April 29, 2015 10:43 CET

Automakers welcomed a new law that all cars and light vans in the EU will have to be fitted with automatic emergency calling devices starting in 2018. The so-called eCall device will automatically alert the nearest emergency center in the event of a crash.... Read More »

Renault taps Hollywood star to promote new Espace

April 29, 2015 06:01 CET

Renault is tapping a Hollywood star appeal to boost sales of its new Espace minivan. Actor Kevin Spacey appears in Renault's Europewide marketing campaign for the Espace. The Espace launches the renewal of the automaker's upper range where the brand trails rivals such as Volkswagen, Ford and Opel.... Read More »

CHRISTIAAN HETZNER

BLOG: Daimler mimics BMW with conservative profit outlook

6:17 am U.S. ET | April 29, 2015

Daimler seems to have taken a lead from BMW in keeping its 2015 profit outlook conservative to avoid any risk whatsoever of potentially giving the financial markets an unpleasant surprise later in the year.... Read More »

PSA reports 5% Q1 revenue increase; raises Europe market forecast

April 29, 2015 08:14 CET

PSA said first-quarter revenue rose 4.6 percent from a year earlier as deliveries increased in China. The company raised its full-year European auto market growth forecast to 4 percent.... Read More »

Hella says its finance chief will leave

April 29, 2015 11:41 CET

Hella, a German manufacturer of auto headlights and electronics, said its finance chief Wolfgang Ollig had asked that his contract not be renewed when it runs out in mid-2016.... Read More »

France sees 'no reason' for Nissan votes in Renault

April 28, 2015 19:47 CET

The French government sees no reason to allow Nissan to reactivate the voting rights on its 15 percent stake in Renault, Economy Minister Emmanuel Macron said. Macron is publicly at odds with Renault-Nissan CEO Carlos Ghosn over a government move to increase its voting weight in Renault.... Read More »

Aston Martin mulls plant in Alabama to be near Mercedes, report says

April 28, 2015 10:42 CET

Aston Martin is considering a U.S. factory in Alabama to be near industrial partner Daimler, Aston Martin CEO Andy Palmer told a UK car magazine.... Read More »

Daimler profit surges 41% on record Mercedes sales

April 28, 2015 08:15 CET

Daimler said first-quarter operating profit surged 41 percent on the effects of new model launches and record sales of Mercedes cars. Overall adjusted group earnings before interest and tax (EBIT) jumped to 2.93 billion euros ($3.19 billion).... Read More »

McLaren vows to stay independent as it pushes to boost sales

April 28, 2015 12:11 CET

McLaren plans to stay independent to take advantage of its nimbleness as it competes with rivals including Lamborghini and Ferrari. The UK automaker is one of the few global luxury auto brands that is not part of a larger group.... Read More »

NEWS ANALYSIS

VW's search begins for perfect post-Piech chairman

April 27, 2015 18:09 CET

After Ferdinand Piech's resignation as chairman, VW's supervisory board has an opportunity to give stakeholders and investors clarity regarding the automaker's long-term future while simultaneously setting up the automaker for even bigger financial gains. The trick will be picking the perfect successor to Piech.... Read More »

Sogefi names former Faurecia exec as new CEO

April 27, 2015 15:58 CET

Italian supplier Sogefi has named Laurent Hebenstreit as its new CEO. Hebenstreit, 54, a former director at Faurecia and Plastic Omnium, will succeed Guglielmo Fiocchi, who left the company late last year.... Read More »

Francois to speak at congress

12:01 am U.S. ET | April 27, 2015

Olivier Francois, FCA's chief marketing officer who has been the driving force behind several highly praised and high-impact advertising campaigns in Europe and the United States, will speak at the Automotive News Europe Congress on June 10 in Birmingham, England.... Read More »

Piech, Wiedeking unlikely to testify in hedge-fund case against Porsche SE

April 27, 2015 15:20 CET

Hedge funds involved in a legal fight against Porsche SE seemed to score a victory when a German court asked 21 people, including former VW Chairman Ferdinand Piech and ex-Porsche CEO Wendelin Wiedeking, to testify. Most of the witnesses will likely assert their right not to testify.... Read More »

LEADERSHIP CRISIS AT VOLKSWAGEN

VW board members demanded Piech go after learning of secret plot

April 27, 2015 08:38 CET

Ferdinand Piech, who resigned as chairman of VW Group over the weekend, caused his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board.... Read More »

LEADERSHIP CRISIS AT VOLKSWAGEN

Piech exit to shake up VW's politburo, creating U.S. opportunity

April 27, 2015 12:00 CET

The sudden departure of VW Group Chairman Ferdinand Piech may loosen his politburo-style management on the automaker, which could help VW finally start making cars Americans want to buy.... Read More »

Peugeot family to meet over future of its PSA stake, report says

April 27, 2015 11:27 CET

The Peugeot family plans to hold a meeting in June to work out its differences over the future of its 14.1 percent stake in PSA/Peugeot-Citroen, a newspaper reported today.... Read More »

Geely will expand UK site to build low-emission taxis

April 27, 2015 06:15 CET

The Chinese-owned UK factory that builds the iconic London black taxi will be expanded to boost output tenfold, including production of low-emission plug-in hybrid taxis.... Read More »

CHRISTIAAN HETZNER

BLOG: Why Piech's departure is bad for the industry

5:16 am U.S. ET | April 26, 2015

The stunning resignation of VW Chairman Ferdinand Piech robs the industry of perhaps its most fascinating figure. The gifted engineer is the only third-generation member of the Porsche-Piech clan to display the same extraordinary talent as his grandfather, Beetle creator Ferdinand Porsche, and uncle Ferry Porsche.... Read More »

Jaguar adds horsepower to the dashboard

12:01 am U.S. ET | April 26, 2015

Jaguar Land Rover is not known for cutting-edge dashboard computers, but a lightning-quick navigation system in the redesigned XF sedan may change that.... Read More »

VW C Coupe GTE will be brand's low-emissions flagship in China

April 25, 2015 06:15 CET

VW plans to launch a production version of the C Coupe GTE plug-in hybrid concept in China, where it will be the flagship of the automaker's low-emissions lineup.... Read More »

Volvo will build new compacts in Belgium, CEO says

April 24, 2015 14:57 CET

Volvo will build a new family of compact cars on a common platform shared with parent Zhejiang Geely at its Belgian factory, CEO Hakan Samuelsson said. The compacts may also be built in China, the CEO said.... Read More »

France to 'talk again' with Renault; reaffirms vote plan

April 24, 2015 20:50 CET

French Economy Minister Emmanuel Macron said on Friday he would "talk again" with Renault CEO Carlos Ghosn but reaffirmed his intention to boost the government's voting rights in the carmaker in defiance of Ghosn's wishes.... Read More »

VW leadership crisis escalates as board members criticize Piech

April 24, 2015 15:39 CET

VW's leadership crisis is refusing to go away, a week after its warring chairman and CEO officially put aside their differences, sources told Reuters. Chairman Ferdinand Piech, who was forced to back CEO Martin Winterkorn April 17, asked Porsche CEO Matthias Mueller this week to be ready to replace Winterkorn, Der Spiegel reported Friday.... Read More »

Audi prepares electric SUV to fight Tesla

April 24, 2015 06:01 CET

Audi is set to launch a full-electric SUV with a 500km (310 mile) range that will challenge Tesla's Model X crossover, but CEO Rupert Stadler remains cautious about EVs. Plug-in hybrids will be the preferred choice for customers looking for a vehicle with some form of electrification for the next 10 to 15 years, he said.... Read More »

VW, BMW are top brands among Chinese auto buyers, survey says

April 24, 2015 14:30 CET

Volkswagen is the top pick for Chinese consumers considering buying a vehicle followed by BMW and Buick, according to a survey on auto-purchase sentiment conducted by a research unit of Deutsche Borse.... Read More »

 
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