Automotive News Europe

CHRISTIAAN HETZNER

Dissecting Daimler's motorcycle deal

12:53 pm U.S. ET | Oct. 31, 2014
Daimler's purchase of a stake in motorbike brand MV Agusta is nothing like Audi's purchase of Ducati.... Read More »

 

Daimler to buy 25% of Italian motorbike maker MV Agusta

Oct. 31, 2014 16:04 CET
Daimler will buy a 25 percent stake in Italian motorcycle manufacturer MV Agusta as part of a long-term cooperation that gives the German car and truck maker access to lightweight three-cylinder engines.... Read More »

 

Headlight maker Hella to raise 278 million euros in IPO

Oct. 31, 2014 13:16 CET
Family-owned German headlight maker Hella said today it would raise 278 million euros ($349.4 million) in a stock market flotation to fund international expansion and innovation.... Read More »

 

VW earnings outlook too cautious, analysts say

Oct. 31, 2014 10:54 CET
VW Group expects to post a 6 percent gain in underlying earnings this year, setting a new record, yet analysts believe the automaker is being overly cautious and can do even better.... Read More »

 

Mercedes, VW to put brakes on Google's in-car data inroads

Oct. 31, 2014 10:43 CET
VW Group and Mercedes called on fellow automakers to establish separate platforms for data on vehicle use to avoid handing over sensitive customer information to Google.... Read More »

 

China's auto market growth may halve to 7% this year

Oct. 31, 2014 06:15 CET
Growth in China's auto market is forecast to halve to 7 percent this year, an industry body said, citing a slowing economy which weakened further in the third quarter.... Read More »

 

LUCA CIFERRI

Is Ferrari worth 12 billion euros?

12:01 am U.S. ET | Oct. 31, 2014
Ferrari is worth as much as 12 billion euros on the open market based on Chairman Sergio Marchionne's most optimistic blue-sky estimate. The true value will be a hot topic for months.... Read More »

 

ANE's November e-magazine goes live Monday

Oct. 31, 2014 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Nov. 3. This month's edition looks at why megaplatforms are a must-have for any automaker with global ambitions.... Read More »

 

BMW, others bet on Brazil but benefits trail Mexico

Oct. 30, 2014 16:18 CET
BMW is among a group of carmakers investing in Brazil as a growing middle class fuels a surge in car sales, but high costs, poor infrastructure and few trade agreements mean Brazil can't compete with rival Mexico.... Read More »

 

Ferrari spinoff's real winners: Agnelli clan

Oct. 30, 2014 14:31 CET
The real winners in Fiat Chrysler's spinoff of supercar unit Ferrari are Chairman John Elkann and the Agnelli industrial clan he represents, who will be the biggest shareholders of both companies.... Read More »

 

VW's Q3 profit jumps on record Audi, Porsche sales

Oct. 30, 2014 10:37 CET
VW Group posted higher-than-expected operating profit in the third quarter, boosted by strong demand for Audi and Porsche models in Europe and China. Earnings rose 16 percent to 3.23 billion euros ($4.07 billion), VW said.... Read More »

 

Fiat Chrysler to issue $2.5 billion bond

Oct. 29, 2014 15:40 CET
Fiat Chrysler will issue a mandatory convertible bond for $2.5 billion and place up to 100 million of its shares to shore up funding for its 48 billion euro ($61 billion) investment plan.... Read More »

 

Fiat Chrysler profit increases 7% in Q3

Oct. 29, 2014 15:09 CET
Fiat Chrysler reported a slightly lower-than-expected 7 percent rise in third-quarter operating profit on weak margins in North America and a slowdown in Latin America, but stuck to its full-year guidance of a 14 percent rise in profit.... Read More »

 

Renault's revenue rises on Dacia, Europe

Oct. 29, 2014 21:26 CET
Renault reported a 7 percent increase in revenue in the third quarter, boosted by higher demand for low-cost Dacia models in its home region. Revenue rose to 8.53 billion euros ($10.9 billion) from 7.99 billion euros a year earlier.... Read More »

 

JLR picks Discovery Sport to lead Brazil output

Oct. 29, 2014 16:00 CET
The Land Rover Discovery Sport will be the first model Jaguar Land Rover produces at its new plant in Brazil, the automaker said. Output will begin in 2016.... Read More »

 

Maserati beats Ferrari in Q3 profit on Montezemolo exit

Oct. 29, 2014 18:22 CET
Maserati's quarterly profit topped Ferrari's for the first time since it became part of Fiat Group more than 25 years ago. The main reason was that Ferrari took a big financial hit to part ways with Luca Cordero di Montezemolo.... Read More »

 

LUCA CIFERRI

Ferrari will go public but remain private

3:40 pm U.S. ET | Oct. 29, 2014
Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group.... Read More »

 

VW recalls Audi A4s in China over airbag issue

Oct. 29, 2014 10:33 CET
VW Group's joint venture with FAW Group will recall 270,635 Audi A4s in China due to an airbag software issue, the country's quality watchdog said on Wednesday. The recall involves 4,692 imported A4 allroad variants and 265,943 China-made A4Ls.... Read More »

 

Fiat Chrysler's growth plans clouded by Brazilian outlook

Oct. 29, 2014 11:52 CET
Fiat Chrysler aims to boost sales in Latin America by 44 percent over five years but a recent big drop in volume and weakening outlook in Brazil, the region's biggest economy, threaten to spoil its ambitions.... Read More »

 

VW closes sales gap with Toyota in race for No. 1

Oct. 29, 2014 11:56 CET
VW Group has narrowed its global sales gap with market leader Toyota as the world's two largest automakers enter the fourth quarter in a tight race for the industry's top spot. VW Group trailed Toyota by 72,000 vehicles after nine months.... Read More »

 

Mazda readies CX-3 for Europe's hot small SUV segment

Oct. 29, 2014 06:01 CET
Mazda will join Europe's hot subcompact SUV segment early next year with the CX-3, a company spokesman said. Mazda will sell more than 25,000 CX-3s in Europe next year, analysts at IHS Automotive predict.... Read More »

 

Car dealer Lookers to beat expectations

Oct. 29, 2014 10:55 CET
Britain's fourth-largest car dealer group, Lookers, forecast better-than-expected 2014 results on Wednesday after seeing strong new car sales. Lookers said retail new car sales rose 12 percent in the first nine months of the year.... Read More »

 

VW to launch more than 20 EVs, plug-ins in China

Oct. 28, 2014 15:53 CET
Volkswagen Group said it will launch more than 20 electric vehicles and plug-in hybrids in China by the end of 2018, as it capitalizes on Beijing's support for low-emission vehicles in the country's campaign against pollution.... Read More »

 

Hyundai Europe to add ix25 small SUV, source says

Oct. 28, 2014 15:36 CET
Hyundai will sell a version of the ix25 subcompact SUV in Europe and the U.S. starting in 2017, a company source told Automotive News Europe. The move would give Hyundai a competitor in Europe's booming small SUV segment.... Read More »

 

CAR CUTAWAY

BorgWarner helps boost power in BMW 2 series

12:01 am U.S. ET | Oct. 28, 2014
BorgWarner-sourced turbochargers for the new BMW 2 series help boost power by as much as 13 hp to 184 hp in gasoline-powered variants of the 220i compared with the previous generation of the car.... Read More »

 

 
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Special Report
Racing, tech events draw crowds to Hoffman stores

Racing, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
» Watch the Video
     
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