WAP ANE Breaking

Daimler third-quarter profit rises as Mercedes sales expand

Oct. 23, 2014 08:45 CET
Daimler reported a 21 percent increase in third-quarter profit. The Mercedes cars division's profit widened to 8.5 percent of revenue, the highest in more than two years, helped by fresh product.... Read More »

 

Audi will recall 850,000 A4s globally over airbag problems

Oct. 23, 2014 15:42 CET
Audi will recall 850,000 A4s worldwide due to an airbag problem that could prevent front airbags from deploying. Audi said its faulty airbags are not made by Takata, which is at the center of a growing number of recalls.... Read More »

 

Autoliv lowers sales outlook but says Takata woes are helping its business

Oct. 23, 2014 16:55 CET
Autoliv posted a surprise fall in third quarter earnings and lowered its outlook for 2014 sales growth while saying it has seen positive effects on its business in the wake of recent issues with Japanese parts maker Takata's air bags.... Read More »

 

Land Rover production will continue to boom in UK despite new China plant

Oct. 23, 2014 09:39 CET
Range Rover Evoque production in China will not reduce output at the UK factory where the SUV is also built. The Evoque is the first model produced in Jaguar Land Rover's new factory in Changshu, northwest of Shanghai.... 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 »

 

Hyundai's third-quarter profit falls 29% on firmer currency, sluggish sales

Oct. 23, 2014 11:15 CET
Hyundai posted a 29 percent decline in third-quarter net profit, the steepest drop in at least six quarters. The automaker was hit by slowing sales growth and a stronger local currency but expects earnings to bounce back in the fourth quarter.... Read More »

 

PSA's third-quarter auto revenue drops despite pricing push

Oct. 22, 2014 08:43 CET
PSA/Peugeot-Citroen's group revenue rose 1.6 percent in the third quarter, but a push to raise pricing failed to deliver higher revenue at its manufacturing arm. The company raised its full-year car-market forecast for Europe.... Read More »

 

Daimler's surprise sale of Tesla stake fuels rivalry speculation

Oct. 22, 2014 12:28 CET
Daimler's decision to sell its 4 percent stake in Tesla Motors surprised investors and fueled speculation of a growing rivalry in the increasingly competitive electric car market.... 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 »

 

PSA will add production shifts to meet demand for Citroen C4 Cactus, report says

Oct. 21, 2014 18:21 CET
PSA/Peugeot-Citroen is adding extra production shifts at its Villaverde factory near Madrid to meet increasing demand for the new Citroen C4 Cactus, a report said.... Read More »

 

Daimler will shift some Sprinter production to North America from Germany

Oct. 21, 2014 17:51 CET
Daimler said it will build the next-generation Mercedes Sprinter van in North America, shifting some production from Germany to improve competitiveness.... Read More »

 

Daimler eyes stake in motorcycle maker MV Agusta, report says

Oct. 21, 2014 10:39 CET
Daimler is said to be in talks to take a stake of up to 25 percent in Italian motorcycle maker MV Agusta. Carmakers' interest in motorbike technology is growing as they introduce smaller engines aimed at meeting anti-pollution rules.... Read More »

 

PSA-Dongfeng JV breaks ground for 4th China plant

Oct. 21, 2014 11:08 CET
PSA's joint venture with Dongfeng began construction of its fourth Chinese assembly plant. The factory will launch production in 2016 and will build up to 360,000 vehicles a year.... Read More »

 

Citroen withholds new crossover from booming segment in Europe

Oct. 21, 2014 12:17 CET
Citroen's new C3-XR subcompact crossover will remain a China-only vehicle after the brand ruled out European sales of the model. Citroen says the C4 Cactus is a better fit in Europe for customers seeking a small SUV-styled vehicle.... Read More »

 

China plant prompts Land Rover to target 10% premium SUV market share

Oct. 21, 2014 08:26 CET
Jaguar Land Rover aims to capture 10 percent of China's premium SUV market as its first local plant allows the UK luxury marque to cut prices and boost sales in the world's largest auto market.... Read More »

 

Ford will invest 240 million euros in UK on cleaner diesels

Oct. 20, 2014 11:31 CET
Ford will invest a further 240 million euros (190 million pounds) in its factory in Dagenham, southern England, as part of a new diesel engine program. Ford will start producing low-carbon 2.0-liter diesels at the factory late next year.... Read More »

 

Renault's China vehicle sales could reach 800,000 a year, Ghosn says

Oct. 18, 2014 06:01 CET
Renault, a latecomer to China, could sell up to 800,000 vehicles annually in the country, CEO Carlos Ghosn said. Renault has a 4 percent market share globally and it is a "reasonable" objective to reproduce this in China, Ghosn said.... Read More »

 

VW recalls 1.1 million cars in N. America, China over suspension issue

Oct. 18, 2014 06:01 CET
Volkswagen said it is recalling more than 1.1 million cars in North America and China to correct a potential problem with rear suspension parts.... Read More »

 

Porsche is first company to hire Vatican's Sistine Chapel

Oct. 17, 2014 11:41 CET
Porsche is the first company to host a corporate event in the Vatican City's Sistine Chapel after Pope Francis allowed the chapel to be rented out for private functions, with the proceeds going to charities working with the poor and homeless.... Read More »

 

Renault stake sale not a priority for French gov't

Oct. 16, 2014 11:12 CET
The French government has no plans to sell its 15 percent stake in Renault, Economy Minister Emmanuel Macron said. The government is selling off assets as part of a privatization drive.... 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 »

 

Ford may join VW in selling plug-in hybrids in Europe

Oct. 16, 2014 06:01 CET
Ford may join rival Volkswagen by introducing plug-in hybrid models in Europe. Ford already sells plug-in versions of its Fusion and C-Max in the U.S., but the company hasn't launched plug-ins in Europe because of low demand.... Read More »

 

Faurecia sales rise on European auto recovery, U.S. rebound

Oct. 16, 2014 17:55 CET
Faurecia said third-quarter revenue rose 6.5 percent on a rebound in U.S. sales and a tentative recovery in Europe's vehicle market.... Read More »

 

Russia may allow Serbia export quota for Fiat cars

Oct. 16, 2014 18:01 CET
Serbian Prime Minister Aleksandar Vucic said an export quota may be agreed with Russia for Fiat 500L cars built in Serbia. Exports to Russia from Serbia have high customs duties.... Read More »

 

Volvo will add jobs, boost production in Sweden

Oct. 16, 2014 11:45 CET
Volvo will add 1,300 jobs and a third shift at its plant in Sweden next year to meet rising demand for its cars, including the new flagship XC90.... Read More »

 

 
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