WAP ANE Breaking

VW will invest 86 billion euros chasing Toyota for global car sales lead

Nov. 21, 2014 12:57 CET
Volkswagen will invest 85.6 billion euros ($106 billion) over the next five years on new vehicles, technology and factories as it tries to pass Toyota and become the world's largest automaker.... Read More »

 

Suzuki plant in Hungary will return to double shifts ahead of Vitara launch, report says

Nov. 21, 2014 06:01 CET
Suzuki will return to two-shift production at its plant in Hungary as it prepares to launch the new Vitara subcompact crossover, a report said.... Read More »

 

Alfa Romeo midsize sedan will be unveiled next June

Nov. 20, 2014 10:04 CET
Alfa Romeo's new midsized sedan will be unveiled next June, according to sources. The sedan will be positioned in the market between the BMW 3 series and 5 series, sources said.... Read More »

 

Schaeffler posts 36% jump in Q3 profit on car demand rebound in Europe

Nov. 20, 2014 15:12 CET
Schaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired.... Read More »

 

BMW may need to increase i8 production to cut waiting lists

Nov. 20, 2014 18:26 CET
BMW may have to increase production of its i8 plug-in hybrid supercar to meet high demand. The waiting time of up to 18 months for the 120,000 euro coupe is too long, BMW sales chief Ian Robertson said.... Read More »

 

GM approves Opel SUV and engine investments in Germany, Poland

Nov. 20, 2014 16:22 CET
GM CEO Mary Barra said Opel will add a flagship SUV to its lineup. The model will launch by the end of the decade. GM will also invest more than 500,000 euros in the production of new engines and transmissions in Germany and Poland.... Read More »

 

Mercedes presents Maybach S class as luxury executive cocoon

Nov. 20, 2014 06:01 CET
Mercedes's new Maybach version of its flagship S class is challenging Bentley and Rolls-Royce for supremacy among customers who enjoy a chauffeured car's back seat.... Read More »

 

UK car production likely to miss full-year target on weak overseas demand

Nov. 20, 2014 12:09 CET
UK car production is unlikely to hit a full-year goal of 1.59 million as demand from key western European markets and Russia continues to fall, the SMMT industry association said.... Read More »

 

PSA plans to cut 3,450 French jobs in 2015, report says

Nov. 19, 2014 17:27 CET
PSA/Peugeot-Citroen is preparing to cut another 3,450 French jobs next year, sources said, as the troubled carmaker pursues a recovery plan under new CEO Carlos Tavares.... Read More »

 

Ford to cut 20% of staff at B-Max plant in Romania

Nov. 19, 2014 15:35 CET
Ford will lay off 20 percent of the workforce at the Romanian plant that builds the B-Max as it adjusts to falling sales of the subcompact minivan.... Read More »

 

LOS ANGELES AUTO SHOW

Bentley unveils potential range-topping convertible to take on Rolls-Royce

Nov. 19, 2014 13:16 CET
The Bentley Grand Convertible concept previews a possible production car to take on the Rolls-Royce Phantom Drophead Coupe. The Grand Convertible would be Bentley's most expensive car, if it is built.... Read More »

 

Europe car sales rebound continues in October

Nov. 18, 2014 08:39 CET
European new-car sales rose 6 percent in October as volume- and premium-brand leaders including VW and BMW recorded strong gains in key markets. Year-to-date deliveries increased by 6 percent to more than 11 million vehicles.... Read More »

 

VW will stop selling Seat cars in Russia next year

Nov. 18, 2014 15:36 CET
Volkswagen's Spanish subsidiary, Seat, will stop selling cars in Russia by early next year because of the country's economic downturn and weakening ruble.... Read More »

 

VW's China growth slows to 10% due to capacity limits

Nov. 18, 2014 17:51 CET
VW's growth in China is expected to slow to 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, VW China chief Jochem Heizmann said.... Read More »

 

As China's luxury car wave slows, foreign automakers seek domestic foothold

Nov. 18, 2014 11:18 CET
Daimler will present its new ultraluxury Mercedes-Maybach subbrand at this week's Guangzhou auto show, even as analysts warn the end is approaching for China's 10-year high-end car sales boom.... Read More »

 

Daimler, BMW cooperate on suppliers in Mexico

Nov. 18, 2014 10:17 CET
Daimler and BMW are working together to build a network of suppliers for their new factories in Mexico as both carmakers aim to take advantage of the country's tariff-free access to the U.S. market.... Read More »

 

Fuel cell cars will be commercially viable by 2025, Bosch exec says

Nov. 17, 2014 11:36 CET
Falling costs will make fuel cell technology commercially viable for mass car production by 2025, Wolf-Henning Scheider, Bosch's automotive chief, said. Toyota and Honda plan to launch fuel cell vehicles in 2015.... Read More »

 

TRW investment to help Takata replace defective airbags would be short-term, ZF CEO says

Nov. 17, 2014 10:49 CET
ZF Friedrichshafen is ready to invest more through TRW Automotive in airbag inflator output to meet replacement demand following the recall of defective airbags made by Takata. The investment would not be a strategic shift to win market share, ZF CEO Stefan Sommer said.... Read More »

 

Toyota aims to replicate Prius success with fuel cell Mirai

Nov. 17, 2014 04:12 CET
Toyota will introduce its first mass-market fuel cell car next month, hoping to replicate the success of its Prius hybrid with a vehicle that runs on hydrogen instead of gasoline.... Read More »

 

China's Qoros will add compact SUV to growing lineup

Nov. 16, 2014 06:01 CET
Qoros will unveil a compact SUV at the Guangzhou auto show. The Qoros 3 City SUV will give the Chinese brand a model aimed at Europe's fourth-largest segment as it prepares for a regionwide rollout in 2016.... Read More »

 

Porsche SE faces more legal risks from botched VW takeover

Nov. 15, 2014 09:54 CET
Porsche SE has warned shareholders it could be forced to return "economic benefits" from a failed takeover of Volkswagen if former board members are convicted.... Read More »

 

Brembo Q3 net profit increases 51%

Nov. 15, 2014 06:15 CET
Italian brake maker Brembo reported a 51 percent rise in third-quarter net profit, boosted by higher sales and better margins. The supplier now targets sales to grow about 14 percent to 15 percent this year, up from a previous goal of 13 percent.... Read More »

 

VW boosts dual-clutch output in China

Nov. 15, 2014 06:01 CET
VW has boosted production of its dual-clutch transmission at a second plant in China. The plant, in the northern city of Tianjin, will build up to 450,000 units of VW's so-called DSG gearbox annually, with output rising to 1.2 million units by 2016, VW said.... Read More »

 

Slowing Jaguar Land Rover sales hit Tata's profit

Nov. 14, 2014 16:04 CET
Jaguar Land Rover's slowing sales caused parent Tata's second-quarter profit to fall 7 percent. Net income dipped to 32.9 billion rupees ($533 million) in the quarter ended Sept. 30, the Indian company reported.... Read More »

 

Zetsche sees significant AMG-MV Agusta synergies

Nov. 14, 2014 06:01 CET
Daimler CEO Dieter Zetsche sees big cross-marketing opportunities for the Mercedes-AMG performance unit and motorcycle maker MV Agusta because customers of both brands have a lot in common.... Read More »

 

 
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