WAP ANE Breaking

Ferrari IPO filed in New York to raise funds for Fiat Chrysler

July 23, 2015 12:45 CET

Fiat Chrysler Automobiles' plan to raise money for expansion by spinning off Ferrari took a step forward with the automaker filing the unit's initial public offering on the New York Stock Exchange.... Read More »

Zetsche says hacking concerns drive Mercedes bid for Nokia maps unit

July 23, 2015 12:17 CET

Daimler CEO Dieter Zetsche said a desire to have better control over data security is one of the reasons Mercedes is part of a German car-making consortium bidding for Nokia's high-definition mapping business.... Read More »

UK car production rose sharply in June as export demand surges

July 23, 2015 09:30 CET

British car production rose sharply last month, helped by an upturn in the number of cars built for export and capping the strongest half-year performance since 2008.... Read More »

Daimler profit jumps 54% on Mercedes growth

July 23, 2015 07:39 CET

Daimler's second-quarter profit jumped 54 percent, the highest for any three-month period at the carmaker, as Mercedes outpaced rival luxury brands in China and new models boosted sales.... Read More »

VW, Metzler sell LeasePlan for 3.7 billion euros

July 23, 2015 09:42 CET

Volkswagen and German bank Metzler have sold financing company LeasePlan to a consortium of investors for 3.7 billion euros ($4 billion).... Read More »

Weak U.S., China sales hit Hyundai profit

July 23, 2015 07:54 CET

Hyundai said its net profit slumped for the sixth quarter in a row, as weak sales in key markets including the U.S. and China and the won's strength continue to shackle the automaker. Profit fell 24 percent to $1.5 billion.... Read More »

Audi will replace its China chief amid sales decline

July 22, 2015 13:27 CET

Audi will replace the head of its Chinese operations, Dietmar Voggenreiter, as the carmaker grapples with an accelerating sales decline in its No. 1 market.... Read More »

Opel aims Astra at 'user-chooser' company car drivers to boost profit

July 21, 2015 06:01 CET

Opel will target its new Astra at so-called "user-chooser" company car drivers in a bid to lift sales of the key model as it seeks to return to profitability. Corporate sales are growing in the brand's German home market.... Read More »

Nokia nears agreement with BMW, Audi, Mercedes on maps unit, report says

July 21, 2015 12:55 CET

Nokia is nearing an agreement to sell its maps business to BMW, Audi and Mercedes, with a decision possible as early as next week, sources said.... Read More »

VW will set up new truck business headquarters

July 21, 2015 12:14 CET

Volkswagen plans to set up its new truck business near its headquarters in Wolfsburg, Germany. The carmaker aims to build a heavy goods vehicle operation capable of taking on rivals Daimler and Volvo.... Read More »

Renault mulls Iran launch for Kwid crossover

July 20, 2015 17:28 CET

Renault may sell its new Indian-built Kwid crossover in Iran in a bid to freshen its model lineup as it prepares to return to the market following a deal to lift economic sanctions.... Read More »

Audi will give aid to China dealers, report says

July 20, 2015 11:19 CET

Audi will provide 1.2 billion yuan ($193 million) in financial aid to its dealers in China, according to sources, as demand for luxury vehicles slows in its largest market. Audi's China sales slipped 5.8 percent last month.... Read More »

Mercedes revamps its supply chain to trim costs

July 19, 2015 10:24 CET

Mercedes aims to reduce its logistics costs by about 20 percent per vehicle as the automaker invests hundreds of millions of euros in a global reorganization of its supply chain network.... Read More »

Automakers vie for pole position in Iran

July 18, 2015 06:01 CET

Carmakers are racing for Iran following the country's breakthrough nuclear deal with Western powers - pitting past market leader PSA/Peugeot-Citroen against challengers including Volkswagen and Renault.... Read More »

VW brand sales fall nearly 9% in June on China slowdown

July 17, 2015 20:03 CET

Sales at Volkswagen's core division fell for an eighth time in nine months in June as slowing momentum in China and slumping demand in Latin America outweighed gains in Europe.... Read More »

Opel will shorten hours at two German plants

July 17, 2015 17:29 CET

Opel will shorten working hours at two German plants after exiting the plunging Russian auto market and because of moderate demand in Europe.... Read More »

BMW will unveil redesigned, upgraded models in China as sales slow

July 17, 2015 12:56 CET

BMW will unveil a new 7-series sedan, an upgraded version of the 3 series and cheaper versions of the X5 and X6 SUVs in China this year. The company is aiming to shore up weak sales and raise its competitiveness against German rival Mercedes in the market.... Read More »

Land Rover Defender production to be extended

July 17, 2015 10:43 CET

Jaguar Land Rover could extend production of its current-generation Land Rover Defender in Solihull, England, into early next year as it mulls where to build the iconic SUV's successor. Defender production had been scheduled to finish at the end of the year.... Read More »

Nissan passes Toyota to become Europe's top-selling Asian brand

July 17, 2015 10:20 CET

Nissan passed Toyota to become the top-selling Asian brand in Europe in the first six months as demand for the latest Qashqai compact crossover and growth in key markets such as the UK, France and Germany, helped the automaker gain market share.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

PSA exec foresees single regulation for diesel and gasoline emissions

July 17, 2015 06:01 CET

PSA/Peugeot-Citroen's chief engineer for downsized gasoline engines foresees a day when there is a single regulation for diesel and gasoline emissions. Denis Fourchon also told Automotive News Europe that diesels will struggle to remain Europe's top powertrain as gasoline engines become more fuel efficient.... Read More »

VW explores return to Iran after nuclear sanctions lift

July 16, 2015 14:48 CET

Volkswagen has taken the first steps to entering Iran after the Islamic Republic's nuclear accord with the West pointed to an easing of economic sanctions that have prevented carmakers from doing business in the country.... Read More »

Magna will buy Getrag for $1.9 billion to expand in transmissions

July 16, 2015 13:29 CET

Magna International, North America's biggest supplier, agreed to buy German manufacturer Getrag for 1.75 billion euros ($1.9 billion), gaining control of one of the largest independent producers of vehicle transmissions.... Read More »

European car sales rise 15% as recovery takes hold despite Greek crisis

July 16, 2015 08:32 CET

New-car sales in Europe rose at the highest monthly rate in five and a half years in June as extra selling days in key markets, increased discounting and strong demand for mid-market brands and luxury cars pushed growth. Registrations jumped 15 percent to 1.41 million.... Read More »

Audi reviews China 2015 sales target

July 16, 2015 10:57 CET

Audi is reviewing its 2015 target of selling 600,000 cars in China, the latest sign that a downturn in demand for passenger cars in the world's biggest car market is more severe than automakers expected.... Read More »

Jaguar Land Rover criticizes new UK tax aimed at expensive cars

July 16, 2015 06:01 CET

Jaguar Land Rover said premium automakers will be unfairly penalized by a new UK vehicle tax scheme that is expected to hit sales of large SUVs and big sedans.... Read More »

 
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