Automotive News Europe

Spain fines automakers for anti-competitive practices

July 31, 2015 06:01 CET

Spain's CNMC competition authority fined 21 automakers and two consultancy firms 171 million euros for anti-competitive practices. GM and Ford were given the highest penalties.... Read More »

ANE's August e-magazine goes live Monday

July 31, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, August 3. This month's edition highlights Europe's first-half sales winners and looks at whether Greece's financial crisis will slow the region's stronger-than-expected rebound.... Read More »

BMW revamps China marketing to focus more on tech, less on the badge

July 31, 2015 12:21 CET

BMW will increase spending on online marketing in China to emphasize its technology as part of efforts to target younger buyers, who care more about the latest features than the brand as a status symbol.... Read More »

Maserati's profits will recover with Levante SUV, Marchionne says

July 31, 2015 11:44 CET

Maserati's profits will recover when the brand launches its first SUV next year, Fiat Chrysler CEO Sergio Marchionne said. Maserati's second-quarter earnings fell by 30 percent and global vehicle sales were down 13 percent.... Read More »

Pininfarina hopes to agree sale to Mahindra but drafts stand-alone business plan

July 31, 2015 11:29 CET

Pininfarina is still hoping to clinch a sale to Indian automaker Mahindra and Mahindra but has begun drafting a stand-alone business plan as its financial position worsens.... Read More »

Fiat Chrysler lifts guidance after strong second quarter

July 30, 2015 14:51 CET

Fiat Chrysler Automobiles raised its full-year profit guidance after better-than-expected second-quarter results on a strong performance in North America and record Jeep sales.... Read More »

France prepares to sell 5% stake in Renault

July 30, 2015 13:41 CET

France is preparing to sell the 5 percent Renault stake it acquired earlier this year to secure a doubling of voting rights for longer-term investors, Economy Minister Emmanuel Macron said.... Read More »

Audi cuts global car sales outlook on China

July 30, 2015 11:57 CET

Audi lowered its global sales forecast for this year because of slumping demand in China, its biggest market. The automaker expects global deliveries to increase between 3 percent and 4 percent from a record 1.74 million sales in 2014.... Read More »

French minister sees smoother return to Iran for Renault than PSA

July 30, 2015 12:47 CET

PSA/Peugeot-Citroen, previously the market leader in Iran, could find it more difficult to return to the country than rival Renault following a dispute over the carmaker's 2011 market exit, Laurent Fabius, France's foreign minister, said after talks with Iranian leaders.... Read More »

Italy's long-term car rental sector probed by competition authority

July 30, 2015 11:05 CET

The Italian Competition Authority has launched an investigation into possible breaches of competition rules by eight long-term car rental companies.... Read More »

Delphi will buy UK cabling company to boost connectivity business

July 30, 2015 11:29 CET

Delphi will buy the UK cabling company HellermannTyton Group to capitalize on growing demand for cars that connect to the Internet, mobile phones and other devices.... Read More »

Renault profit surge fails to impress amid pricing slide

July 30, 2015 08:03 CET

Renault's first-half profit surged on rebounding European demand but not enough to meet investor expectations from the recovery, or concerns about weaker pricing.... Read More »

VW says China sales may decline this year

July 29, 2015 17:19 CET

Volkswagen said its vehicle sales may decline in China this year after years of double-digit volume gains in its largest market.... Read More »

Fiat Chrysler sued in Canada following recent recalls

6:45 pm U.S. ET | July 29, 2015

A Canadian law firm said it filed a lawsuit against Fiat Chrysler Automobiles on Wednesday seeking $4 billion in damages, in connection with the massive recall announced by the automaker earlier in July.... Read More »

PSA says anti-French backlash weighs on Iran talks

July 29, 2015 12:20 CET

PSA's talks on a manufacturing venture with Iran's biggest carmaker are being undermined by anti-French sentiment in the country, CEO Carlos Tavares said. Iranians are hostile because France took a tough line in talks to lift international sanctions against Iran.... Read More »

PSA reports positive H1 earnings for first time in four years

July 29, 2015 08:33 CET

PSA/Peugeot-Citroen posted positive first-half net income for the first time in four years as the automaker tightened control on spending and sold more vehicles at higher prices in its home region and in Asia. Net income was 571 million euros ($631 million), after a 114 million euro loss a year earlier.... Read More »

VW boosts Q2 profit on Europe recovery but lowers sales forecast as China slows

July 29, 2015 09:27 CET

Volkswagen posted higher quarterly profit on a strengthening European recovery and cost cuts but lowered its global sales forecast amid a slowdown in China and challenging markets in Russia and South America.... Read More »

Jeep hacking sends warning to BMW, Audi and Mercedes

July 28, 2015 10:55 CET

When friendly hackers landed a Fiat Chrysler Jeep in a ditch last week, it sent a warning to BMW, Audi and Mercedes as the premium automakers compete increasingly on technology rather than just horsepower.... Read More »

Pininfarina, Mahindra will resume sale talks in September, report says

July 28, 2015 16:43 CET

Talks on the sale of indebted car designer Pininfarina to India's Mahindra will resume after the summer after the parties failed to strike a deal in July, sources told Reuters.... Read More »

Aston Martin looks at more than 10 sites for new factory

July 28, 2015 06:01 CET

Aston Martin is reviewing more than 10 sites in Europe, the U.S. and other global locations for a new factory to build its first crossover.... Read More »

VW passes Toyota for global sales lead in first half

July 28, 2015 08:26 CET

Volkswagen surpassed Toyota to become the biggest automaker by deliveries in the first half. VW benefited as car demand in Europe accelerated, softening the blow from a slowdown in China, its biggest market.... Read More »

Daimler in talks on truck partnership, Iran Khodro says

July 28, 2015 12:01 CET

Daimler is exploring a partnership with Iran Khodro as it weighs a return to Iran's market for trucks, vans and buses, the Iranian automaker's CEO said. European carmakers are planning their return to Iran after the country agreed to curb its nuclear program in return for the lifting of international sanctions that have crippled its economy.... Read More »

VW's MAN truck unit expects profit drop on restructuring costs

July 28, 2015 11:27 CET

Volkswagen Group's MAN truck unit expects costs to reorganize its European truck and bus unit will significantly lower operating profit this year, as a recession in Brazil also hits sales.... Read More »

Audi aims to raise China sales with revamped A4

July 27, 2015 13:43 CET

Audi hopes that a redesigned A4 sedan will help shore up its fortunes in China where the premium brand is grappling with a second consecutive month of falling sales in its No. 1 market.... Read More »

Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET

Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia.... Read More »

 
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