SalesGREEN CARS EU needs stricter car CO2 standards to keep driving affordable, consumer body saysMarch 25, 2013 11:52 CET  High oil prices will make driving a car less and less affordable unless the European Union's vehicle industry faces more stringent emissions limits than those the European Commission is battling to enforce, the body representing European consumers said.... Read More »
GREEN CARS EU industry boss defies German pressure on car coolantsMarch 21, 2013 11:30 CET  The European Union's Industry Commissioner Antonio Tajani say he will enforce new rules that ban extremely potent greenhouse gases in car air-cooling systems, defying opposition from the German government and the country's automakers.... Read More »
GREEN CARS EU politicians back compromise on car emissions targetsMarch 20, 2013 12:47 CET The European Union's industry committee has backed a compromise that would give carmakers limited leeway in the race to cut CO2 emissions in line with targets while rejecting German calls for more lenient rules.... Read More »
Tougher CO2 emission limits could get EU on road to growth, study saysMarch 18, 2013 06:01 CET  Proposed European legislation to cut CO2 emissions from Europe's new cars to 95g/km could create about 400,000 jobs and save tens of billions of euros in fuel costs, a study said. The European Parliament will vote on the proposals on Tuesday.... Read More »
PSA sells BNP stake for 177 million euros to boost financingMarch 15, 2013 06:01 CET  PSA sold its stake in French bank BNP Paribas for about 177 million euros ($229 million) to boost financing as part of a restructuring at Europe's second-largest carmaker.... Read More »
Germany said to make new offer over EU-Daimler coolant disputeMarch 14, 2013 06:01 CET Germany has written to the EU with a new set of proposals aiming to break a deadlock over a law requiring carmakers to stop using extremely potent greenhouse gases in air cooling systems, EU sources told Reuters.... Read More »
VW takeover law ruling may lead to big EU fine on GermanyMarch 12, 2013 23:14 CET  Germany may be forced to pay millions of euros in penalties by the European Union's highest court for failing to change its so-called Volkswagen law to conform to EU rules.... Read More »
Ford calls for mutual U.S.-Europe auto standards in trade dealMarch 6, 2013 14:19 CET  Ford wants trade tariffs between the U.S. and Europe removed and believes the two markets' regulators should accept each other's safety and environmental standards.... Read More »
FEBRUARY U.S. AUTO SALES Sales rise modest 4% on solid light-truck demand 8:00 am U.S. ET | March 1, 2013  U.S. light-vehicle sales rose a modest 4 percent to 1.19 million units last month, with Volkswagen AG, Ford Motor Co. and General Motors setting the pace as automakers overcame severe winter weather, higher taxes and rising gasoline prices to keep the industry's recovery on track.... Read More »
Volkswagen gov't subsidy probe dropped by EUFeb. 26, 2013 12:34 CET  The EU has dropped a probe into aid given to Volkswagen by Germany after the government reduced the planned subsidy for the automaker, the European Commission said today.... Read More »
Daimler says refrigerant dispute won't delay S-class launchFeb. 20, 2013 16:25 CET Daimler's summer launch of the Mercedes S class will not be delayed by uncertainty over whether the carmaker must use a new air-conditioning refrigerant. Daimler is banking on the success of the new S class, expected to hit European markets in July, to help it to offset a weak first half.... Read More »
German car plans may breach EU carbon goal, Commission saysFeb. 18, 2013 13:53 CET Germany's tactics to protect output of cars from BMW, Audi and Mercedes-Benz threaten a 2020 target for EU limits on vehicle CO2 emissions, a European Commission document said.... Read More »
EU sees no grounds to extend car coolant deadline despite safety concernsFeb. 11, 2013 17:49 CET The European Commission sees "no grounds" to give German automakers more time to comply with EU law requiring a less polluting coolant to be used in vehicle air-conditioning, a letter seen by Reuters said, despite safety concerns.... Read More »
PSA bank unit gets temporary EU OK for bond guaranteeFeb. 11, 2013 12:34 CET  PSA's finance arm was granted temporary EU approval to receive a French government guarantee backing the issuance of 1.2 billion euros of new bonds. France must submit a restructuring plan covering the entire PSA group within six months to win final approval.... Read More »
Automakers exploit loopholes to boost green credentials, EU report saysFeb. 10, 2013 06:01 CET  European car manufacturers are exploiting test loopholes to exaggerate their vehicles' green credentials, a European Commission study found. The report is likely to stoke an already heated debate on EU CO2 emissions standards... Read More »
Supplier group CLEPA achieves new milestoneFeb. 8, 2013 13:35 CET Powertrain component producer Dana this month became the 100th member of the European suppliers association, CLEPA. Partsmakers are counting on the Brussels-based lobby group to help them cope with tough times in Europe, CEO Jean-Marc Gales said.... Read More »
GM plans 10 weeks of downtime at pickup plants 12:34 am U.S. ET | Feb. 2, 2013  GM, which saw pickup inventories rise 24 percent last month, will take out 10 weeks of truck production as it prepares to introduce a redesigned Chevrolet Silverado and GMC Sierra in the second quarter.... Read More »
JANUARY U.S. AUTO SALES U.S. sales climb 14% on robust car, crossover, pickup demand 8:00 am U.S. ET | Feb. 1, 2013  U.S. auto sales, led by Toyota Motor and the Detroit 3, rose 14 percent in January, giving the industry a bigger lift to begin 2013 than analysts expected. Demand pushed the seasonally adjusted sales rate to 15.3 million, slightly below December's 15.4-million rate but well above January 2012's 13.97 million.... Read More »
EU needs leap in electric, hybrid cars to reach carbon goals, study saysJan. 29, 2013 09:17 CET  The EU needs a leap in the number of electric and hybrid cars on the road over the next decade to succeed in cutting auto carbon emissions significantly by 2025, a British consulting firm found.... Read More »
European politicians brace for clash on car CO2 lawJan. 20, 2013 06:01 CET  EU politicians are sharply divided between those keen for ambitious green car standards they say are needed to keep up with U.S. goals and those trying to limit the regulatory impact on makers of big luxury cars.... Read More »
EU must cut diesel emissions, officials sayJan. 10, 2013 11:37 CET  The European Union must cut emissions from diesel vehicles as part of a drive to reduce air pollution, which causes nearly half a million premature deaths a year, EU officials said. The call comes as the EU says it will publish legislative proposals to improve air quality in the second half of this year.... Read More »
France seeks EU approval for PSA aid, report saysJan. 9, 2013 10:09 CET  The French government has officially sought approval from the European Union for its 7 billion euro ($9.2 billion) state loan guarantee for PSA's financing arm, a French newspaper reported today.... Read More »
How Renault's low-cost Dacia has become a 'cash cow'Jan. 2, 2013 06:01 CET  Once considered a risky bet, Romanian automaker Dacia has become Renault's global profit machine. Europeans think of Renault's Dacia lineup as cheap, entry-level models that compete with used cars for sales. But Dacias are built and sold around the world, often badged as Renaults, for handsome prices.... Read More »
Free trade pacts prompt Koreans to eye imports over Hyundai, Kia 12:01 am U.S. ET | Dec. 22, 2012  Two trade deals and a shift in Korean consumer sentiment have cut domestic sales of Hyundai, Kia and the country's three other automakers by 5.2 percent this year, according to the Korea Automobile Manufacturers Association.... Read More »
Automakers on track to meet CO2 emissions targetsDec. 9, 2012 06:01 CET Automakers are expected to easily meet the European Union's CO2 emissions target to 130 grams per kilometer by 2015. They also are on track to comply with the tougher 2020 fleet goal of 95g/km, a report shows.... Read More »
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