WAP ANE Breaking

Fiat investors advised to vote for Chrysler merger

July 28, 2014 11:26 CET
Proxy adviser Glass Lewis has recommended that Fiat investors vote for a merger with Chrysler despite concerns that the voting rights of Exor, Fiat's main shareholder, could potentially increase with a deal.... Read More »

 

Audi plans plug-in hybrid diesel to help cut CO2 emissions

July 27, 2014 06:01 CET
Audi aims to beat German rivals Mercedes and BMW to launch a plug-in hybrid diesel powered car. Audi will present a plug-in hybrid diesel drivetrain next year, the brand's technical development chief, Ulrich Hackenberg, said.... Read More »

 

Aston Martin revives Lagonda badge for powerful new sedan

July 25, 2014 23:05 CET
Aston Martin will revive its Lagonda nameplate with a limited-edition sedan designed for customers in the Middle East.... Read More »

 

Volkswagen marketing chief quits

July 25, 2014 22:20 CET
Volkswagen's global marketing head, Simon Thomas, will leave the post after about a year in the job. Thomas, a former top Nissan Europe executive, said he is leaving VW at his own request.... Read More »

 

VW may open planning center in Brazil to revive sales

July 25, 2014 10:07 CET
VW Group is mulling a planning center in Brazil. It would be part of the automaker's 3.6 billion euro ($4.85 billion) investment in new models, plants and technology for the country through 2018, sources said.... Read More »

 

Porsche importer buys former F1 circuit in South Africa

July 25, 2014 14:21 CET
Porsche South Africa has bought the 72-hectare Kyalami racetrack, which hosted F1 races between 1967 and 1993, for 205 million rand (14.5 million euro) at an auction.... Read More »

 

Citroen DS upscale line off to a slow start as a stand-alone brand

July 25, 2014 06:01 CET
Vehicle sales at Citroen's upscale DS line, which became a stand-alone brand on June 1, fell during the first half, hit by an aging product lineup and tougher competition from refreshed rivals such as Mini.... Read More »

 

Valeo raises 2014 profit forecast

July 25, 2014 06:01 CET
French car parts supplier Valeo has raised its full-year earnings forecast following a 21 percent rise in first-half profit, due mainly to overseas expansion and increased demand for fuel-saving technologies.... Read More »

 

Audi, BMW and Mercedes pressure Ford, GM as UK market booms

July 25, 2014 06:01 CET
Germany's premium automakers are benefiting most from the UK car market boom. Audi, BMW and Mercedes are winning customers from mass-market brands such as Ford and Vauxhall.... Read More »

 

GM remains bullish on Chevrolet-Manchester United sponsorship deal

July 25, 2014 06:01 CET
One bad season for Manchester United has not shaken GM's belief in its sponsorship deal with the English soccer club. Chevrolet's logo appeared on players' jerseys for the first time when United beat the Los Angeles Galaxy team in a friendly match in Pasadena, California.... Read More »

 

Bentley may add a 5th model after SUV launch

July 24, 2014 15:51 CET
Bentley may add a fifth model to its lineup after it launches an SUV in 2016, CEO Wolfgang Duerheimer said. The new model could be a two-seat sports car or a larger model slotted between the Continental GT coupe and Mulsanne sedan.... Read More »

 

Fiat and PSA dismiss latest tie-up report

July 24, 2014 21:15 CET
PSA/Peugeot-Citroen and Fiat Chrysler denied a report that the companies were preparing a merger to create the world's fifth-largest carmaker.... Read More »

 

UK car output boosted by new models in first half

July 24, 2014 10:41 CET
UK car production grew by 4 percent in the first six months thanks to new models, but the Society of Motor Manufacturers and Traders warned that further growth must be backed by bolstering the UK's parts supply chain.... Read More »

 

Bentley CEO rolls back 'aggressive' sales forecasts

July 24, 2014 13:12 CET
Bentley expects 2014 deliveries to be lower than previously forecast as the carmaker is hit by the crisis in Ukraine and Russia and struggles to maintain high sales growth in China.... Read More »

 

Ford posts European profit in second quarter

July 24, 2014 12:40 CET
Ford posted a second-quarter pre-tax profit of $2.6 billion, boosted by its first quarterly profit in Europe in three years and record quarterly earnings in North America.... Read More »

 

Opel plans 'electric' successor to Ampera plug-in hybrid

July 23, 2014 21:53 CET
Opel said it is working on an "electric" successor to the Ampera, a plug-in hybrid based on the Chevrolet Volt which hit European showrooms in 2011 but will be discontinued.... Read More »

 

Daimler quarterly earnings rise 12% on sales of S class

July 23, 2014 08:25 CET
Daimler said second-quarter profit rose 12 percent as Mercedes S-class sales doubled and the company scaled back spending.... Read More »

 

Marchionne says Fiat Chrysler tie-up with VW was never on agenda

July 23, 2014 12:27 CET
Fiat Chrysler CEO Sergio Marchionne quashed all speculation of a possible tie-up with Volkswagen, saying the idea had never been on the agenda.... Read More »

 

Sogefi reports first-half loss on restructuring costs, Brazil downturn

July 22, 2014 15:29 CET
Italian supplier Sogefi reported a first-half net loss, hit by restructuring costs, the negative impact of the strong euro on South American currencies and a sharp slowdown in the Brazilian market.... Read More »

 

Opel/Vauxhall to woo budget clients with low-end cars, report says

July 22, 2014 09:09 CET
Opel plans to build a range of entry-level cars to recapture the type of budget customers who in the past bought Chevrolets, a report said.... Read More »

 

Mercedes seeks to outpace premium rivals in China with more dealers, new models

July 22, 2014 10:35 CET
Mercedes expects to outpace the 17 percent to 18 percent growth in industry sales of premium vehicles in China this year, after merging two competing sales networks and adding new models.... Read More »

 

Opel will discontinue weak-selling Ampera, sources say

July 21, 2014 06:01 CET
Opel will discontinue the weak-selling Ampera plug-in hybrid, according to people familiar with the company's plans.... Read More »

 

Renault puts more focus on India, Iran

July 20, 2014 06:01 CET
Renault is splitting its Asia Pacific region in two to help boost sales growth in India and the Middle East. Renault expects China and India will become the world's two leading economies within the next 20 years.... Read More »

 

BMW expects high conquest rate for 2-series Active Tourer

July 20, 2014 06:01 CET
BMW expects that three out of every four buyers of its 2-series Active Tourer minivan will be new to the brand.... Read More »

 

PSA to start Nigeria production this year

July 18, 2014 06:01 CET
PSA will start producing cars in Nigeria this year through a local
 manufacturing partner. Rival Renault-Nissan began SUV output in Africa's largest economy in April.... Read More »

 

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