Sales

Auto bosses say billions in savings at stake if EU-U.S. trade deal fails

Jan. 28, 2015 19:41 CET

The CEOs of Germany's top auto companies said Wednesday that they could save roughly 5 billion euros in annual costs if the European and U.S. governments can agree on a landmark free trade deal.... Read More »

Zetsche, other top auto chiefs to lobby for EU-U.S. trade deal

Jan. 27, 2015 21:06 CET

Daimler CEO Dieter Zetsche, Volkswagen boss Martin Winterkorn and other captains of Germany's automotive industry have gathered in Berlin today to try to rally support for a transatlantic free trade deal that faces potential collapse.... Read More »

Auto sales forecast calls for a hot January

4:00 pm U.S. ET | Jan. 27, 2015

Forecasters say U.S. auto sales have begun 2015 much stronger than 2014, when a deep freeze kept shoppers away from many dealerships in much of the country. General Motors is expected to post nearly a 20 percent increase, with the other Detroit 3 automakers also on track for double-digit gains.... Read More »

EU regulators to rule on ZF's bid for TRW by Feb. 26

Jan. 23, 2015 15:09 CET

EU antitrust authorities will decide by Feb. 26 whether to approve German supplier ZF Friedrichshafen's $13.5 billion bid for U.S. rival TRW Automotive.... Read More »

Ghosn lifts European car market forecast on eurozone stimulus plan

Jan. 22, 2015 22:41 CET

Renault CEO Carlos Ghosn upgraded his European car market growth forecast after the European Central Bank unveiled a bond purchase program to boost the continent's flagging economy. Ghosn now expects Europe's auto market to grow by at least 2 percent in 2015.... Read More »

Volkswagen starts sales of black-box recorder for vehicle data

Jan. 14, 2015 18:18 CET

Volkswagen plans to sell a black box in Austria that records trips and tracks the location of a car. The box will be available for new and old VW and Audi models. VW plans to expand the service to other European markets.... Read More »

2014 finishes strong with 'plenty of room for upside'

5:15 pm U.S. ET | Jan. 5, 2015

Tempting incentives and clearer roads pulled U.S. consumers into dealerships for a big December to close another strong sales year. Automakers sold 1.5 million light vehicles last month, up 11 percent. The seasonally adjusted annualized selling rate was 16.92 million, the third best month of the year behind August and November.... Read More »

U.S. sales forecast to rise 10% in Dec. on deals, falling gas prices

11:45 am U.S. ET | Dec. 31, 2014

Forecasters say U.S. new-vehicle sales likely jumped 10 percent in December, bringing the total for 2014 to 16.5 million, beating even the most optimistic projections from early in the year. The month was filled with good reasons for consumers to buy a new car or truck: big discounts, very little snow and gasoline prices falling like a rock.... Read More »

Setting the stage for a 'huge' December

5:30 pm U.S. ET | Dec. 2, 2014

Timely automaker Black Friday promotions and a strong economy drove U.S. auto sales higher in November. Look for more of the same this month.... Read More »

NOVEMBER U.S. AUTO SALES

Light trucks, holiday discounts drive volume up 5%

8:00 am U.S. ET | Dec. 2, 2014

Spurred by a 20 percent gain at Chrysler Group and aided by Black Friday discounts and light-truck demand, U.S. light-vehicle sales jumped 5 percent last month, pushing the annualized pace of deliveries above 17 million for the second time this year. The seasonally adjusted annual rate of 17.2 million fell shy of August's 17.5 million. But it showed that demand remains robust as the industry winds up its fifth year of recovery since the recession.... Read More »

EU will hint at future new-car CO2 targets

Nov. 28, 2014 06:01 CET

The European Commission next month will outline progress on future emission targets for new cars sold in the EU, giving automakers a clearer look at the billions of euros in investment that will be needed to meet tougher goals.... Read More »

OCTOBER U.S. SALES

Chrysler, Nissan set pace as U.S. sales rise 6% on truck demand

6:00 am U.S. ET | Nov. 3, 2014

U.S. light-vehicle sales, led by double-digit increases at Chrysler Group and Nissan Motor, rose 6 percent last month to 1.28 million, matching forecasts, with crossovers and light trucks fueling much of the industry's gains. The seasonally adjusted annual sales rate, a broad measure of the industry's health, hit 16.5 million, slightly above projections and up 7 percent from 15.4 million a year earlier. The SAAR has now topped 16 million every month beginning with March.... Read More »

Carmakers face uncertainly from EU's 2030 CO2 goals

Nov. 1, 2014 06:01 CET

The EU's new 2030 climate and energy targets create uncertainty for automakers because they let member states decide whether to include transport pollution in the EU's carbon emissions trading system.... Read More »

EU will allow car emissions into carbon trading market

Oct. 23, 2014 13:55 CET

The European Union will make it easier to bring road transport emissions into the carbon trading market, a move critics say could empower carmakers to push back against more effective curbs on greenhouse gases.... 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 »

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 »

Dealers turn to governments for incentives

12:01 am U.S. ET | Oct. 13, 2014

A small but growing number of dealerships are obtaining tax breaks or government funds in connection with their facility improvements.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

EU industry director wants to boost auto trade in Asia; warns of tougher CO2 rules

Oct. 9, 2014 06:30 CET

The new European Commission that takes office next month will make several decisions affecting automakers, including potentially tougher post-2020 CO2 emissions targets, its industry and enterprise director, Carlo Pettinelli, said.... Read More »

Fiat says Luxembourg tax deal probe will not significantly impact finances

Oct. 2, 2014 09:09 CET

Fiat said the potential financial impact of a European Commission probe into a tax agreement granted by Luxembourg to one of its subsidiaries would not be significant.... Read More »

SEPTEMBER U.S. AUTO SALES

GM, Nissan, Chrysler gains propel market to 9% increase

8:00 am U.S. ET | Oct. 1, 2014

U.S. light-vehicle sales -- paced by truck-fueled gains at GM, Chrysler Group and Nissan Group -- rose 9 percent in a September marked by sharp brand advances and a few steep declines. The industry-wide results were just below forecasts and cooler than the scorching rate of sales set in August. Still, they reflect a market coasting toward its fifth straight year of recovery following the 2007-09 recession. The SAAR has topped 16 million for 6 straight months.... Read More »

Winterkorn warns EU on overburdening automakers on CO2 emissions

Oct. 1, 2014 22:00 CET

Volkswagen CEO Martin Winterkorn warned EU regulators that it would be "fatal" to overburden the auto industry with tougher CO2 emission targets before a market can develop for electric cars, plug-in hybrids and other fuel-efficient models.... Read More »

EU probes Portugal's MQB platform aid to Volkswagen

Oct. 1, 2014 12:37 CET

The European Union has launched an investigation into Volkswagen's planned receipt of 36.15 million euros ($45.6 million) of state aid for investing in its MQB platform technology at a plant in Portugal.... Read More »

Fiat's tax accord with Luxembourg may be illegal state aid, EU says

Sept. 30, 2014 13:13 CET

The European Commission has told Luxembourg that its tax arrangement with a Fiat finance subsidiary may constitute state aid, breaking EU internal market rules.... Read More »

CO2 from new cars in Europe 38% worse than promised, study says

Sept. 29, 2014 18:06 CET

European cars probably discharged 38 percent more CO2 on real-world roads last year than their ratings promised, a transportation lobby group said. That means more fuel, costing the average consumer an extra 450 euros a year.... Read More »

EU orders Germany to stop backing Mercedes' use of banned refrigerant

Sept. 25, 2014 16:00 CET

The EU has ordered Germany to stop backing Mercedes' use of a banned car refrigerant within two months or face court action and possible fines. Mercedes is refusing to use an alternative refrigerant citing safety concerns.... Read More »

 
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