WAP ANE Breaking

Porsche will buy 25% stake in carbon fiber maker

March 3, 2015 13:30 CET
Porsche plans to buy a 25 percent stake in German carbon fiber producer Capricorn Composite, widening access to the lightweight material it uses in its LMP1 and 918 Spyder sports cars.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Bentley CEO expects big boost from brand's first SUV

March 3, 2015 06:01 CET
Bentley is on course to reach record sales targets as it beats ultraluxury rivals such as Maserati, Lamborghini and Rolls-Royce to market with its first SUV, the Bentayga. Bentley CEO Wolfgang Duerheimer shared his outlook for the UK-based carmaker with Automotive News Europe.... Read More »

 

2015 GENEVA AUTO SHOW

Aston Martin SUV may deepen Daimler partnership

March 3, 2015 10:39 CET
Aston Martin announced plans for an SUV that may draw more heavily on its partnership with Daimler, as the UK supercar maker confirmed moves to raise more capital and expand into new vehicle categories.... Read More »

 

Opel, VW CEOs cautious on Europe sales growth amid Russia crisis

March 3, 2015 09:14 CET
Europe's carmakers are benefiting from robust demand for passenger cars in most of the region although the slumping Russian market continues to cast a shadow, making forecasts increasingly difficult, Opel CEO Karl-Thomas Neumann and VW boss Martin Winterkorn said.... Read More »

 

Germany joins France, Spain, Italy in posting sales gains

March 2, 2015 19:15 CET
New-car sales in Germany rose 6.6 percent in February and are heading for a modest increase this year compared with 2014 levels. Germany joined France, Italy and Spain in posting gains last month.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Bentley, Maserati, Lambo big winners in surging niche

March 2, 2015 06:01 CET
Ultraluxury carmakers Bentley, Lamborghini, Rolls-Royce and Maserati are experiencing unprecedented success. Strong demand for those brands -- as well as Ferrari and Aston Martin -- has forecasters predicting the niche will grow by nearly 40 percent between now and 2020.... Read More »

 

VW Passat named European Car of the Year

March 2, 2015 17:28 CET
The Volkswagen Passat is Europe's 2015 Car of the Year, marking the third time in six years that VW has won the title. The Passat beat its nearest competitor, the Citroen C4 Cactus, by nearly 100 points. The Mercedes C class finished third in the voting.... Read More »

 

Toyota sees its EU sales growth this year, boosted by UK, southern Europe rebound

March 2, 2015 22:32 CET
Toyota expects its EU sales to grow by 2 percent to 2.5 percent in 2015, compared to 0.8 percent growth for the market in Western Europe. The rise will come from recovery in southern Europe, as well as continued strong sales in the UK, the automaker says.... Read More »

 

Apple car rumors fuel debate on future vehicles

March 2, 2015 10:53 CET
Reports that Apple may be building a car have got established automakers wondering whether they are still in pole position to build the car of the future and will likely fuel debate at this week's Geneva auto show on the role of tech companies in the future of carmaking.... Read More »

 

Yamaha plans 2-seat car for Europe, source says

Feb. 27, 2015 10:06 CET
Japanese motorcycle maker Yamaha aims to start making and selling two-seat cars in Europe as early as 2019, a person familiar with the plan told Reuters on Friday.... Read More »

 

Former BMW exec Diess starts as VW brand boss in July

Feb. 27, 2015 16:20 CET
Former BMW executive Herbert Diess will take charge of Volkswagen's core brand from Martin Winterkorn three months earlier than planned, VW said.... Read More »

 

Marchionne raises FCA stake as Ferrari spinoff nears

Feb. 27, 2015 13:53 CET
Fiat Chrysler Automobiles CEO Sergio Marchionne has increased his voting stake in FCA to nearly 1 percent after raising his shareholding in the company by 2.3 million common shares to 14.4 million as the automaker readies to spin off Ferrari.... Read More »

 

VW Group reports record profit on Audi, Porsche gains

Feb. 27, 2015 15:56 CET
VW Group said its operating profit rose 8.8 percent to a record 12.7 billion euros ($14.25 billion) last year on double-digit gains in sales of luxury Audi and Porsche models. The company said its sales revenue rose 2.8 percent to a new high of 202.5 billion euros.... Read More »

 

As election nears, automakers fear UK exit from EU

Feb. 26, 2015 12:32 CET
Automakers with production in the UK are increasingly worried about the prospects of the country leaving the European Union. Prime Minister David Cameron has said he will offer an in-out referendum on EU membership if he wins a general election in May.... Read More »

 

Porsche hedge-fund lawsuit faces dismissal in Germany

Feb. 26, 2015 15:14 CET
Hedge funds seeking 1.2 billion euros ($1.4 billion) in damages from Porsche SE in Germany over its failed attempt to take over carmaker Volkswagen Group in 2008 will likely have their case dismissed, according to a German judge.... Read More »

 

Lada proves popular in Crimea's vacated car market

Feb. 26, 2015 13:40 CET
Lada, Russia's biggest car brand, has become a favorite in Crimea after its annexation by Vladimir Putin's government. The first official Lada dealership opened in October and local customers are now ordering up to 300 cars a month, compared with the 155 sold in 2013, when Crimea was part of Ukraine.... Read More »

 

Daimler plans years of cost cuts to offset investments to reduce CO2 emissions

Feb. 26, 2015 10:26 CET
Daimler plans to offset higher costs for technology to cut CO2 emissions with material cost savings for at least the next few years, Chief Financial Officer Bodo Uebber said.... Read More »

 

Volvo boosts 2014 profit by 17% on record sales

Feb. 26, 2015 08:31 CET
Volvo said its 2014 operating profit rose 17 percent in its best year of sales to date as rapid expansion in China and recovery in Europe offset the brand's continued weakness in the U.S.... Read More »

 

Daimler labor chief queries pace of U.S. expansion

Feb. 25, 2015 10:54 CET
Daimler's plans to expand production in the United States should be recalibrated if the euro remains weak against the dollar, the automaker's top labor chief, Michael Brecht, said.... Read More »

 

VW CEO Winterkorn sees former BMW, Daimler managers as potential successors, report says

Feb. 25, 2015 13:04 CET
Volkswagen Group CEO Martin Winterkorn sees Andreas Renschler and Herbert Diess, who are joining VW from rivals Daimler and BMW, among his potential successors, according to a German magazine.... Read More »

 

Valeo sees further profit gain after beating 2014 goal

Feb. 25, 2015 10:33 CET
Valeo is targeting a further boost in profitability this year after exceeding its 2014 goals on strong demand for emissions-cutting technologies and intuitive driving systems. The company's operating profit margin rose to 7.2 percent last year beating a 7 percent goal.... Read More »

 

Union OKs 3% wage rise in Daimler, Porsche's heartland

Feb. 24, 2015 10:47 CET
Germany's biggest trade union, IG Metall, accepted a 3 percent wage increase for the country's southwest region, home to carmakers Daimler and Porsche. The union had called for a 5.5 percent increase. Deals agreed in the region traditionally serve as a template for agreements across Germany.... Read More »

 

VW Eos output will end on declining cabrio demand

Feb. 23, 2015 19:06 CET
VW plans to stop making its Eos cabriolet as customer tastes shift away from convertibles in general and retractable hardtops like the Eos in particular. European sales of convertibles from volume carmakers fell 20 percent last year.... Read More »

 

Bentley Bentayga spied during tests

Feb. 23, 2015 11:38 CET
Bentley's first SUV, the Bentayga, was photographed undergoing cold weather testing near the Arctic Circle. The Bentayga will go on sale in 2016 and the UK ultraluxury brand expects the vehicle to help almost double its annual vehicle sales to 20,000 by 2020.... Read More »

 

Bugatti sells last Veyron, ending era for VW supercar

Feb. 23, 2015 14:52 CET
Volkswagen Group sold the 450th and final Bugatti Veyron, marking the end of one of the most exclusive supercars ever built. The 450 Veyrons were sold for an average price of about 2.3 million euros ($2.6 million) each.... Read More »

 

 
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