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VW's search begins for perfect post-Piech chairman

April 27, 2015 18:09 CET

After Ferdinand Piech's resignation as chairman, VW's supervisory board has an opportunity to give stakeholders and investors clarity regarding the automaker's long-term future while simultaneously setting up the automaker for even bigger financial gains. The trick will be picking the perfect successor to Piech.... Read More »

Piech, Wiedeking unlikely to testify in hedge-fund case against Porsche SE

April 27, 2015 15:20 CET

Hedge funds involved in a legal fight against Porsche SE seemed to score a victory when a German court asked 21 people, including former VW Chairman Ferdinand Piech and ex-Porsche CEO Wendelin Wiedeking, to testify. Most of the witnesses will likely assert their right not to testify.... Read More »

Peugeot family to meet over future of its PSA stake, report says

April 27, 2015 11:27 CET

The Peugeot family plans to hold a meeting in June to work out its differences over the future of its 14.1 percent stake in PSA/Peugeot-Citroen, a newspaper reported today.... Read More »

VW C Coupe GTE will be brand's low-emissions flagship in China

April 25, 2015 06:15 CET

VW plans to launch a production version of the C Coupe GTE plug-in hybrid concept in China, where it will be the flagship of the automaker's low-emissions lineup.... Read More »

Volvo will build new compacts in Belgium, CEO says

April 24, 2015 14:57 CET

Volvo will build a new family of compact cars on a common platform shared with parent Zhejiang Geely at its Belgian factory, CEO Hakan Samuelsson said. The compacts may also be built in China, the CEO said.... Read More »

France to 'talk again' with Renault; reaffirms vote plan

April 24, 2015 20:50 CET

French Economy Minister Emmanuel Macron said on Friday he would "talk again" with Renault CEO Carlos Ghosn but reaffirmed his intention to boost the government's voting rights in the carmaker in defiance of Ghosn's wishes.... Read More »

Audi prepares electric SUV to fight Tesla

April 24, 2015 06:01 CET

Audi is set to launch a full-electric SUV with a 500km (310 mile) range that will challenge Tesla's Model X crossover, but CEO Rupert Stadler remains cautious about EVs. Plug-in hybrids will be the preferred choice for customers looking for a vehicle with some form of electrification for the next 10 to 15 years, he said.... Read More »

VW, BMW are top brands among Chinese auto buyers, survey says

April 24, 2015 14:30 CET

Volkswagen is the top pick for Chinese consumers considering buying a vehicle followed by BMW and Buick, according to a survey on auto-purchase sentiment conducted by a research unit of Deutsche Borse.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Plug-ins poised to be Europe's top electrified drivetrain

April 24, 2015 06:01 CET

Plug-in hybrid cars are forecast to outsell standard hybrids by 2019 and reach 1.2 million sales annually in Europe in 10 years. The rapid rise will come as automakers strive to meet tougher European CO2 rules that start to take effect in 2020.... Read More »

Skoda, unions agree on 3.5% wage hike

April 24, 2015 13:10 CET

Skoda has reached an agreement with workers on a 3.5 percent wage hike, the carmaker's main union group said. Unions threatened to strike last week after seeking a higher deal than the 3 percent offered by the automaker.... Read More »

Renault revenue rises 14% on European upturn

April 23, 2015 17:56 CET

Renault said first-quarter revenue rose 14 percent as its improving sales in Europe helped offset plummeting demand in Russia and South America.... Read More »

Mercedes fined $56 million in China for price fixing

April 23, 2015 08:30 CET

Authorities in China's Jiangsu province fined Mercedes-Benz 350 million yuan ($56 million) for a pricing monopoly there. It is the biggest fine imposed on an automaker since the government started to crack down on antitrust violations last year.... Read More »

UK car production rises 1.9% in March

April 23, 2015 14:22 CET

UK car production rose 1.9 percent last month, the best March figure since 2006, according to the Society of Motor Manufacturers and Traders (SMMT). Through March output fell 0.6 percent, the SMMT said.... Read More »

PSA's Tavares open to adding partners to Toyota JV

April 23, 2015 13:53 CET

PSA/Peugeot-Citroen is open to bringing in more partners to its existing collaboration with Toyota to share the cost of designing and manufacturing minicars, PSA CEO Carlos Tavares said.... Read More »

Toyota keeps global sales lead over VW on U.S. demand

April 23, 2015 11:37 CET

Toyota beat Volkswagen and General Motors to remain the world's top-selling automaker during the last quarter despite declining deliveries. Demand for SUVs has helped to boost Toyota's market-share gains in the U.S. during the quarter as Volkswagen continued to struggle in the market.... Read More »

Honda will cut European Civic production costs with global platform

April 23, 2015 06:01 CET

Honda will significantly reduce production costs on its next European Civic compact hatchback by basing it on a global platform. Honda will launch its next-generation Civic five-door in Europe in 2017. Like the current car, it will be built at the automaker’s plant in England and will be exported to the U.S. and other markets outside Europe for the first time.... Read More »

Chinese-owned MG eyes Europe push with new SUV

April 22, 2015 06:01 CET

MG Motor may expand into mainland Europe with the MG GS SUV, which was unveiled at this week's Shanghai auto show. The MG GS will go on sale in the UK next year and will compete against models such as the Nissan Qashqai in the popular compact SUV/crossover segment.... Read More »

VW eyes budget car tie-up with Great Wall, report says

April 22, 2015 17:41 CET

Volkswagen is considering cooperating with China's Great Wall on a new budget model, a German business magazine reported. VW has discussed taking a stake in Great Wall, the report said.... Read More »

Autoliv predicts more growth after Q1 revenues rise

April 22, 2015 16:05 CET

Autoliv says it expects higher second-quarter sales growth after producing first-quarter earnings above market expectations on the back of strong sales in Europe and lower overall costs.... Read More »

France completes move to increase Renault stake

April 22, 2015 11:01 CET

The French government has completed steps to increase its stake in Renault despite opposition from the company's alliance partner, Nissan, and Carlos Ghosn, who heads both automakers..... Read More »

Audi sees compact cars driving sales in China

April 22, 2015 11:52 CET

Audi sees compact cars increasingly becoming the main driver of sales in China as the country's booming middle class looks for more affordable luxury.... Read More »

Aston Martin mulls U.S. plant for crossover, report says

April 22, 2015 10:50 CET

Aston Martin may add a plant in the U.S. to build the brand's first crossover, the Financial Times reported. The British automaker has held talks with officials in several states about the factory, the paper said, citing several sources familiar with the talks.... Read More »

Norway to review EV subsidies as sales soar

April 21, 2015 14:29 CET

Norway is reviewing its subsidies for electric vehicles after generous government incentives made the country the biggest user of EVs in the world, hurting state revenues, the finance ministry said.... Read More »

Continental will invest 1 billion euros in China, CEO says

April 21, 2015 15:40 CET

Continental plans to invest about 1 billion euros ($1.07 billion) in China over the next five years, CEO Elmar Degenhart said. The company is seeking to boost its share of Asian sales to 30 percent of global turnover by 2020 from a fifth at present.... Read More »

BMW will expand i lineup with plug-in hybrid based on 5 series, report says

April 21, 2015 06:01 CET

BMW will add a third model to its i subbrand called the i5 that will be based on the 5 series, a report said. The i5 plug-in hybrid will go on sale in 2018 and it could become the subbrand's best-seller, AutoBild said.... Read More »

 
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