Automotive News Europe

Porsche is first company to hire Vatican's Sistine Chapel

Oct. 17, 2014 11:41 CET
Porsche is the first company to host a corporate event in the Vatican City's Sistine Chapel after Pope Francis allowed the chapel to be rented out for private functions, with the proceeds going to charities working with the poor and homeless.... Read More »

 

Volkswagen to recall over 580,000 cars in China

Oct. 17, 2014 10:54 CET
Volkswagen's China joint venture, FAW-Volkswagen Automobile, will recall more than 580,000 New Sagitar and Beetles because of an axle problem.... Read More »

 

Europe's new-car sales rise 6% on price cuts

Oct. 17, 2014 09:19 CET
Car sales in Europe rose 6 percent in September, helped by automakers' price cuts and strong demand in the region's top markets of Germany, the UK and France.... Read More »

 

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Audi seeks to increase TT's market share

Oct. 17, 2014 06:30 CET
Audi expects its new TT to boost its market share even though demand for small sports cars is shrinking. New variants sold alongside the coupe and roadster versions will help maintain the TT's sales momentum.... Read More »

 

Renault stake sale not a priority for French gov't

Oct. 16, 2014 11:12 CET
The French government has no plans to sell its 15 percent stake in Renault, Economy Minister Emmanuel Macron said. The government is selling off assets as part of a privatization drive.... Read More »

 

China's BYD beats Renault, Nissan in Brussels electric taxi bid

Oct. 16, 2014 21:43 CET
China's BYD was the winner in Brussel's first tender for emission-free taxis, beating Renault and Nissan. Taxi operators opted for BYD's e6 electric car because of its roominess and long range.... Read More »

 

Ford may join VW in selling plug-in hybrids in Europe

Oct. 16, 2014 06:01 CET
Ford may join rival Volkswagen by introducing plug-in hybrid models in Europe. Ford already sells plug-in versions of its Fusion and C-Max in the U.S., but the company hasn't launched plug-ins in Europe because of low demand.... Read More »

 

Faurecia sales rise on European auto recovery, U.S. rebound

Oct. 16, 2014 17:55 CET
Faurecia said third-quarter revenue rose 6.5 percent on a rebound in U.S. sales and a tentative recovery in Europe's vehicle market.... Read More »

 

Russia may allow Serbia export quota for Fiat cars

Oct. 16, 2014 18:01 CET
Serbian Prime Minister Aleksandar Vucic said an export quota may be agreed with Russia for Fiat 500L cars built in Serbia. Exports to Russia from Serbia have high customs duties.... Read More »

 

Volvo will add jobs, boost production in Sweden

Oct. 16, 2014 11:45 CET
Volvo will add 1,300 jobs and a third shift at its plant in Sweden next year to meet rising demand for its cars, including the new flagship XC90.... Read More »

 

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BMW's taboo-breaker, the 2-series Active Tourer

Oct. 16, 2014 06:30 CET
BMW's 2-series Active Tourer breaks new ground for the automaker as the brand's first minivan and first front-wheel-drive model of its modern era. BMW says the Active Tourer nevertheless retains the brand's sporty driving dynamics.... Read More »

 

Toyota tests car-sharing in French city

Oct. 16, 2014 10:08 CET
Toyota has launched its first car-sharing service outside Japan in the French city of Grenobles. Consumers can hire EVs using a smart phone app in a scheme that may be expanded to other cities after a three-year trial.... Read More »

 

Honda says it's committed to hybrids in Europe

Oct. 15, 2014 11:10 CET
Honda says it remains committed to hybrids in Europe and will import a gasoline-electric hybrid version of its next Jazz subcompact in 2016, despite reducing its hybrid lineup in the region due to slow sales.... Read More »

 

Schaeffler loan restructuring opposed by bondholder

Oct. 15, 2014 11:57 CET
Schaeffler's proposed changes to terms governing $7.9 billion of high-yield bonds, including a new 1.8 billion euro ($2.3 billion) loan, are being opposed by Schroders Plc., which manages some of the supplier's debt.... Read More »

 

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Roof suppliers hit hard by lower demand for convertibles

Oct. 15, 2014 06:01 CET
Once valued as a highly profitable vehicle niche, buyers have turned away from convertibles, hurting the business of roof systems suppliers such as Webasto, Magna CTS and Valmet.... Read More »

 

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Webasto sees consolidation looming for roof makers

Oct. 15, 2014 06:01 CET
Holger Engelmann, the CEO of German roof specialist Webasto, believes a drop in demand for convertible cars will lead to consolidation in the sector, but he sees potential growth opportunities in China.... Read More »

 

Bentley appoints Austrian dealership veteran as Europe sales boss

Oct. 15, 2014 06:01 CET
Bentley named Robert Engstler as its regional director for Europe. Austrian-born Engstler joins Bentley from the dealer group Porsche Holding Salzburg.... Read More »

 

Fiat Chrysler's Wall Street debut draws muted response

Oct. 14, 2014 09:32 CET
Investors cautiously greeted the Wall Street debut on Monday of Fiat Chrysler Automobiles, a move that shifts the carmaker's center of gravity away from Italy and caps a decade of dealmaking and tough restructuring by CEO Sergio Marchionne.... Read More »

 

Daimler lifted by jump in third-quarter earnings at Mercedes

Oct. 14, 2014 11:21 CET
Daimler reported a 29 percent jump in quarterly core earnings at Mercedes-Benz Cars, surprising investors wary of an economic slowdown.... Read More »

 

Suzuki cuts output at Hungary plant ahead of model changeover

Oct. 14, 2014 08:46 CET
Suzuki's plant in Hungary will continue to operate at reduced capacity as production of the Splash and SX4 runs out ahead of the launch of the new Vitara model, a report said.... Read More »

 

Citroen mulls production of SUV-styled C1

Oct. 14, 2014 10:36 CET
Citroen will launch a production version of the C1 Urban Ride concept if public response is favorable, the brand's CEO Linda Jackson said. The SUV-styled concept is based on the brand's C1 minicar.... Read More »

 

ZF forms chassis JV with Beijing Auto

Oct. 14, 2014 10:16 CET
German supplier ZF Friedrichshafen established a joint venture with China's Beijing Automotive Industry Corp. to build passenger-vehicle chassis parts for BAIC and its other joint ventures with Daimler and Hyundai.... Read More »

 

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Renault design boss aims to 'seduce' buyers with French flair

Oct. 14, 2014 06:01 CET
Renault design boss Laurens van den Acker wants the brand's cars to "seduce" customers with their French styling. The styling chief explained his strategy in an interview with Automotive News Europe.... Read More »

 

Fiat Chrysler rises in New York as challenger to Detroit Two

Oct. 13, 2014 12:51 CET
Fiat Chrysler Automobiles NV's debut on the New York Stock Exchange gives more investors in the United States the chance to tap into the growing global market for cars and trucks, while also taking a chance on a debt-burdened automaker.... Read More »

 

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How the XE will help Jaguar forget the failed X-Type

Oct. 13, 2014 06:15 CET
Jaguar says it has learned from the mistakes of the Ford Mondeo-based X-Type as it launches the XE, a model that aims to win sales from the BMW 3 series and Audi A4 in the fiercely competitive premium midsize market.... Read More »

 

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