Automotive News Europe

German court dismisses hedge funds' suit against Porsche holding company

March 26, 2015 16:21 CET

A German court has dismissed claims brought against Porsche SE by hedge funds seeking $1.3 billion in damages over its botched attempt to take over Volkswagen in 2008.... Read More »

Ford aims to triple exports from India with new plant

March 26, 2015 10:09 CET

Ford has invested $1 billion in a new plant in India that will help the automaker triple exports from the country. The factory will build the EcoSport subcompact SUV, which Ford exports to Europe.... Read More »

2015 NEW YORK AUTO SHOW

McLaren aims 570S at high-end Porsche 911, Audi R8

March 26, 2015 12:50 CET

McLaren has named the first of its entry-level supercars the 570S. The V-8 powered coupe will compete against high-end versions of the Porsche 911 and Audi R8.... Read More »

Tesla sued in UK in fight over charging stations rollout

March 26, 2015 11:06 CET

Tesla was sued in London in a dispute over whether the company interfered with a competitor's plan to rollout electric-car chargers at UK highway rest stops. Renewable energy supplier Ecotricity claims Tesla tried to induce companies to breach agreements for exclusive charging points. Tesla countersued accused Ecotricity acting abusively in its dominant position as a supplier.... Read More »

Pininfarina investor confirms Mahindra's interest in acquisition

March 26, 2015 11:39 CET

Pininfarina's controlling shareholder, Pincar, confirmed that India's Mahindra & Mahindra has expressed interest in buying the Italian car designer. Mahindra is one of heavily indebted Pininfarina's most important customers.... Read More »

Schaeffler's 2014 profit rises by more than half

March 26, 2015 13:09 CET

German part supplier Schaeffler said its operating profit jumped by more than 50 percent to 1.52 billion euros ($1.67 billion) in 2014 because of robust demand for cars in U.S. and China. Its operating margin climbed to 12.6 percent in 2014 from 9.0 percent in 2013.... Read More »

Delphi employees killed in France plane crash

March 25, 2015 12:26 CET

Two Spain-based Delphi employees were among the 150 victims of a plane crash in a remote part of the French Alps. The employees were traveling to a meeting in Germany.... Read More »

Tata plans to raise $1.2 billion to help fund Jaguar Land Rover expansion

March 25, 2015 17:52 CET

Tata Motors plans to raise as much as $1.2 billion in a rights offer to help fund investments at its Tata and Jaguar Land Rover brands. Jaguar Land Rover plans to add more than 40 new products and to increase manufacturing capacity in the UK, in China, Brazil and other markets.... Read More »

Automakers race to double the driving range of affordable electric cars

March 25, 2015 12:06 CET

Automakers are readying a new generation of mass-market electric cars with more than double the driving range of today's Nissan Leaf, betting that breakthroughs by battery suppliers will increase demand and help them compete better with Tesla.... Read More »

Former GM Europe chief Forster will lead UK taxi builder

March 25, 2015 06:01 CET

Auto industry veteran Carl-Peter Forster, who once headed GM Europe and Tata Motors, is new board chairman at London Taxi Company, which builds the UK's iconic black cabs.... Read More »

Renault seeks fresh start with single model to replace Laguna and Latitude midsize cars

March 25, 2015 11:33 CET

Renault will replace its slow-selling Laguna and Latitude midsize cars in Europe later this year with a single model in a bid to get a fresh start against rivals such as the Volkswagen Passat and Peugeot 508.... Read More »

Volvo appoints Europe boss as part of global reorganization

March 24, 2015 11:43 CET

Volvo named Anders Gustafsson as head of Europe, Middle East and Africa, one of three global business regions that also include new divisions for the Americas and Asia.... Read More »

Jaguar unveils new XF; touts sedan's good looks, fuel efficiency

March 24, 2015 17:09 CET

Jaguar says its new XF sedan has taken a big leap in levels of refinement, low weight and fuel efficiency. The brand unveiled the second generation of its best-seller with a high-wire stunt drive in London.... Read More »

Renault reinforces quality oversight

March 24, 2015 12:09 CET

Renault aims to improve its quality and customer satisfaction ratings by moving its Americas chief, Denis Barbier, to a new role overseeing those two areas.... Read More »

Mercedes begins output of GLA engines in China

March 24, 2015 12:28 CET

Mercedes has added production of engines for the GLA compact crossover at its powertrain plant in Beijing. The automaker has now localized all engine production for the three models it produces locally with partner Beijing Automotive, that also include the C class and E class.... Read More »

Mercedes plant has highest per-hour labor cost in U.S.; VW and BMW pay least

March 24, 2015 10:42 CET

Workers at Daimler's Mercedes-Benz plant in Vance, Alabama, have the highest hourly pay among employees at U.S. car factories while Volkswagen and BMW workers earn the least, a study shows.... Read More »

BMW CEO sees EV initiatives helping i3 sales in key markets

March 24, 2015 06:01 CET

BMW CEO Norbert Reithofer sees political initiatives in a number of the carmaker's key markets as important in helping to boost sales of the i3 electric car.... Read More »

Volkswagen will cut production, jobs at Russian plant

March 23, 2015 11:55 CET

Volkswagen said it will reduce shifts and lay off at least 150 workers at its car plant in Kaluga, Russia, as demand shrinks. The company builds Audi, VW and Skoda cars in Kaluga.... Read More »

Russia boosts auto industry aid to $424 million

March 23, 2015 17:24 CET

Russia plans to spend more than 25 billion rubles ($424 million) in state funds to support its ailing auto industry, increasing the amount of aid it allocated last week.... Read More »

Pirelli to be bought by ChemChina in $7.7 billion deal

March 23, 2015 09:37 CET

China National Chemical will buy into Pirelli in a $7.7 billion deal that would place one of the symbols of Italy's manufacturing industry in Chinese hands. But the bid may turn into a protracted takeover battle.... Read More »

BAIC Motor will take stake in Daimler China leasing firm

March 23, 2015 13:50 CET

Chinese automaker BAIC Motor plans to deepen its partnership with Daimler by taking a 35 percent stake in the German automaker's Mercedes-Benz Leasing.... Read More »

PSA may hit operating margin target earlier than planned, CFO says

March 23, 2015 13:15 CET

PSA could reach its main recovery target of achieving a 2 percent operating margin before a 2018 goal, finance chief Jean-Baptiste de Chatillon said. The carmaker's shares today rejoined the benchmark CAC-40 index after a two-and-a-half-year absence.... Read More »

LARRY P. VELLEQUETTE

BLOG: Fiat Chrysler may find perfect partner is from Asia

12:01 am U.S. ET | March 23, 2015

Sergio Marchionne wants a dance partner for Fiat Chrysler Automobiles. The financial media keep trying to fix him up with VW, but I think Marchionne has his eye on a mate in Asia. To me, the best partners, in descending order, are Suzuki, Mazda and Hyundai.... Read More »

BMW's expansion in N. America will counter cooling China

March 21, 2015 06:01 CET

BMW's decision to add a car plant in Mexico was motivated by a desire to reduce its reliance on the cooling Chinese market, CEO Norbert Reithofer said. BMW plans to build up to 150,000 cars a year at a new factory in Mexico starting in 2019.... Read More »

Russia approves $166 million in subsidies for car plants

March 20, 2015 09:47 CET

Russia will provide carmakers with 10 billion rubles ($166 million) in subsidies in a bid to support an industry struggling to cope with the country's economic downturn. The Russian car market is forecast to shrink by up to 35 percent in 2015 after falling by 10 percent last year.... Read More »

 
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