Automotive News Europe

CHRISTIAAN HETZNER

Why Daimler doesn't share investors' love affair with Tesla

9:14 am U.S. ET | Oct. 22, 2014
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. On Tuesday, Daimler decided to cash out on its 4 percent stake for the price of $780 million in cash or about a half billion euros.... Read More »

 

Valeo's third-quarter sales rise 10% on fuel-saving technologies

Oct. 22, 2014 15:00 CET
French supplier Valeo said third-quarter sales rose 10 percent to 3.06 billion euros ($3.9 billion), boosted by demand for its fuel-saving technologies.... Read More »

 

Italy's Sogefi reports nine-month net loss of 5.8 million euros

Oct. 22, 2014 11:24 CET
Italian supplier Sogefi reported a net loss of 5.8 million euros ($7.4 million) for the first nine months of the year and said CEO Guglielmo Fiocchi would leave the company.... Read More »

 

PSA's third-quarter auto revenue drops despite pricing push

Oct. 22, 2014 08:43 CET
PSA/Peugeot-Citroen's group revenue rose 1.6 percent in the third quarter, but a push to raise pricing failed to deliver higher revenue at its manufacturing arm. The company raised its full-year car-market forecast for Europe.... Read More »

 

Fiat's Wall Street trading is flat as Milan dominates

Oct. 22, 2014 11:58 CET
Fiat Chrysler Automobiles has had a flat reception on the New York Stock Exchange after its debut there last week. European trading in Milan is currently about 7 times that of Wall Street, despite FCA shifting its primary listing to the U.S.... Read More »

 

Daimler's surprise sale of Tesla stake fuels rivalry speculation

Oct. 22, 2014 12:28 CET
Daimler's decision to sell its 4 percent stake in Tesla Motors surprised investors and fueled speculation of a growing rivalry in the increasingly competitive electric car market.... Read More »

 

GM will warn some Saab, Pontiac owners not to allow front passengers

Oct. 22, 2014 12:47 CET
General Motors will warn some owners of Saab 9-2X and Pontiac Vibe hatchbacks in the U.S. not to allow front-seat passengers until defective air bags are replaced as part of a wider recall that involves 6.1 million cars.... Read More »

 

EU says Honeywell, DuPont car refrigerant deal may be illegal

Oct. 22, 2014 10:51 CET
The EU says auto supplier Honeywell's joint venture with chemicals company DuPont to produce an air conditioning refrigerant for cars may be anti-competitive as the deal may have blocked rivals keen to participate in the chemical's development.... Read More »

 

GKN sees growth in 2014 helped by auto-unit performance

Oct. 21, 2014 15:07 CET
UK supplier GKN said it was on track for growth in 2014 after posting third-quarter profit of 160 million pounds ($258.62 million), boosted by a strong performance at its automotive unit.... Read More »

 

PSA will add production shifts to meet demand for Citroen C4 Cactus, report says

Oct. 21, 2014 18:21 CET
PSA/Peugeot-Citroen is adding extra production shifts at its Villaverde factory near Madrid to meet increasing demand for the new Citroen C4 Cactus, a report said.... Read More »

 

Daimler will shift some Sprinter production to North America from Germany

Oct. 21, 2014 17:51 CET
Daimler said it will build the next-generation Mercedes Sprinter van in North America, shifting some production from Germany to improve competitiveness.... Read More »

 

Daimler eyes stake in motorcycle maker MV Agusta, report says

Oct. 21, 2014 10:39 CET
Daimler is said to be in talks to take a stake of up to 25 percent in Italian motorcycle maker MV Agusta. Carmakers' interest in motorbike technology is growing as they introduce smaller engines aimed at meeting anti-pollution rules.... Read More »

 

PSA-Dongfeng JV breaks ground for 4th China plant

Oct. 21, 2014 11:08 CET
PSA's joint venture with Dongfeng began construction of its fourth Chinese assembly plant. The factory will launch production in 2016 and will build up to 360,000 vehicles a year.... Read More »

 

Citroen withholds new crossover from booming segment in Europe

Oct. 21, 2014 12:17 CET
Citroen's new C3-XR subcompact crossover will remain a China-only vehicle after the brand ruled out European sales of the model. Citroen says the C4 Cactus is a better fit in Europe for customers seeking a small SUV-styled vehicle.... Read More »

 

Chinese auto market growth will slow to 5% this year, group says

Oct. 21, 2014 11:34 CET
China's vehicle sales will likely rise just 5 percent in 2014 to 23 million, according to the country's main auto association, which revised its growth forecast downward for the second time this year.... Read More »

 

China plant prompts Land Rover to target 10% premium SUV market share

Oct. 21, 2014 08:26 CET
Jaguar Land Rover aims to capture 10 percent of China's premium SUV market as its first local plant allows the UK luxury marque to cut prices and boost sales in the world's largest auto market.... Read More »

 

'Aggressive' EV ambitions will boost aluminum demand in China

Oct. 21, 2014 12:02 CET
China's drive to build electric cars as a way to combat pollution and reduce energy dependence is likely to set up a greater-than-forecast surge in demand for aluminum, according to Novelis, the world's biggest supplier of the material to automakers.... Read More »

 

Land Rover will build Discovery Sport as second model in China plant

Oct. 20, 2014 12:49 CET
Jaguar Land Rover will build the Discovery Sport midsize SUV as a second model in its new China factory after the Range Rover Evoque. The Discovery Sport is based on the Evoque.... Read More »

 

Jaguar Land Rover is in talks for U.S. plant, report says

Oct. 20, 2014 13:13 CET
Jaguar Land Rover is in talks with several southern U.S. states about building a factory that would eventually produce 200,000 vehicles a year, a UK newspaper reported. JLR did not confirm or deny the report.... Read More »

 

Ford will invest 240 million euros in UK on cleaner diesels

Oct. 20, 2014 11:31 CET
Ford will invest a further 240 million euros (190 million pounds) in its factory in Dagenham, southern England, as part of a new diesel engine program. Ford will start producing low-carbon 2.0-liter diesels at the factory late next year.... Read More »

 

Getrag, Dongfeng form dual clutch transmissions JV in China

Oct. 20, 2014 10:54 CET
Germany's Getrag formed a joint venture with Dongfeng to develop and produce dual clutch transmissions in China. The joint venture will start manufacturing transmissions for compact cars in 2016 at a factory in Wuhan.... Read More »

 

Renault's China vehicle sales could reach 800,000 a year, Ghosn says

Oct. 18, 2014 06:01 CET
Renault, a latecomer to China, could sell up to 800,000 vehicles annually in the country, CEO Carlos Ghosn said. Renault has a 4 percent market share globally and it is a "reasonable" objective to reproduce this in China, Ghosn said.... Read More »

 

VW recalls 1.1 million cars in N. America, China over suspension issue

Oct. 18, 2014 06:01 CET
Volkswagen said it is recalling more than 1.1 million cars in North America and China to correct a potential problem with rear suspension parts.... Read More »

 

YANG JIAN

Why Audi, BMW and Mercedes dominate China's luxury market

8:25 am U.S. ET | Oct. 17, 2014
Brands such as Cadillac, Lexus and French newcomer DS are trying -- but failing -- to loosen the tight grip German automakers have on China's luxury car market.... Read More »

 

GKN expands powdered metal output in China

Oct. 17, 2014 14:59 CET
UK supplier GKN Powder Metallurgy is investing 8.7 million pounds (about 11 million euros) to build a new factory at its Danyang site in China that will be completed in September 2015.... Read More »

 

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