WAP ANE Breaking

VW could beat 5 million euro savings goal, labor boss says

Jan. 29, 2015 16:09 CET
VW Group ought to be able to cut costs at its passenger-car brand by "substantially more" than the 5 billion euros ($5.7 billion) planned by the carmaker's top management, VW works council chief Bernd Osterloh said.... Read More »

 

Renault expects to make 3,000 Alpine cars a year

Jan. 28, 2015 12:36 CET
A Renault executive has revealed the output expectations for the automaker's Alpine-badged sports car. "In terms of scale, on average [annual production] volume will be about 3,000 cars, with a peak of 5,000 initially due to the novelty factor," Alpine head Bernard Ollivier told Reuters in an interview.... Read More »

 

Marchionne has FCA on fast track to profit in Europe

Jan. 28, 2015 16:28 CET
Fiat Chrysler Automobiles will be profitable in Europe a year earlier than expected, CEO Sergio Marchionne said Wednesday. Previously, Marchionne said the automaker's regional operations in Europe, Middle East and Africa (EMEA) would break even this year and turn a profit in 2016.... Read More »

 

Auto bosses say billions in savings at stake if EU-U.S. trade deal fails

Jan. 28, 2015 19:41 CET
The CEOs of Germany's top auto companies said Wednesday that they could save roughly 5 billion euros in annual costs if the European and U.S. governments can agree on a landmark free trade deal.... Read More »

 

Cost-cutting VW baffles experts with Phaeton plans

Jan. 28, 2015 10:05 CET
With VW having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading the money-losing Phaeton premium sedan. Analysts say the costly car should be axed.... Read More »

 

Aston Martin gets cash backing to overhaul lineup

Jan. 27, 2015 13:06 CET
Aston Martin's main financial backer has pledged to provide cash for a refreshed model lineup that the supercar maker plans to reveal at the Geneva auto show in March. "If Aston needs capital, we're there," Investindustrial Chairman Andrea Bonomi said.... Read More »

 

Renault poised for big boost from new SUV

Jan. 27, 2015 06:01 CET
Renault's new Kadjar will become a top-seller in Europe's key compact SUV segment, according to a forecast. The French automaker needs a boost after its Koleos flopped in a fast-growing niche dominated by alliance partner Nissan's Qashqai.... Read More »

 

Audi readies Q1 SUV after Fiat rebuff over name

Jan. 26, 2015 06:01 CET
Audi is reluctantly using the Q1 badge for its new compact SUV after failing to gain permission from Fiat Chrysler to call it the Q2, a name held by Alfa Romeo.... Read More »

 

Audi to recall 80,000 vehicles; China hit hardest

Jan. 26, 2015 12:23 CET
Audi says it will recall 80,000 vehicles globally due to fuel-injection issues, adding that about 35,000 are from China. The cars, which were made between April 2011 and April 2012, include various A4, A5, A6, A7 and Q7 models, Chinese authorities said.... Read More »

 

VW reaches pact with China dealers

Jan. 26, 2015 11:24 CET
VW says it has reached an agreement with its dealers in China and pledged to continue setting reasonable sales targets to ensure a financially sound distribution network as demand in the world's biggest auto market slows.... Read More »

 

Porsche plans EV-only Pajun to fight Tesla, report says

Jan. 24, 2015 06:01 CET
Porsche will sell its long-planned Pajun sedan only as an electric car to compete with vehicles such as the Tesla Model S, a German magazine said.... Read More »

 

EU regulators to rule on ZF's bid for TRW by Feb. 26

Jan. 23, 2015 15:09 CET
EU antitrust authorities will decide by Feb. 26 whether to approve German supplier ZF Friedrichshafen's $13.5 billion bid for U.S. rival TRW Automotive.... Read More »

 

Honda axes Accord in Europe

Jan. 23, 2015 16:33 CET
Honda will end sales of the Accord midsize sedan in Europe after the car failed to make headway against German rivals.... Read More »

 

Kia's fourth-quarter profit drops 54% on ruble plunge

Jan. 23, 2015 11:31 CET
Kia posted a 54 percent fall in quarterly profit as a weakening ruble reduced income earned in Russia where Kia ranks No. 2 after Lada. Kia expects sales in the market to fall 12 percent this year, because the ruble's decline could force further price rises, denting demand.... Read More »

 

GM sees Europe turnaround on track even if local economy isn't

Jan. 23, 2015 10:34 CET
General Motors' efforts to restore European operations to profitability are on track even as the region's economy fails to revive, GM President Dan Ammann said. However, Russia is big "wild card," he said.... Read More »

 

UK 2014 car production rises to highest since 2007

Jan. 23, 2015 09:48 CET
UK car production rose to its highest level since 2007 last year, up 1 percent to 1.53 million cars. The UK is a major center for manufacturers such as Jaguar Land Rover, BMW, Nissan, Honda, Toyota and GM.... Read More »

 

Opel plans EV version of its Karl minicar, report says

Jan. 23, 2015 06:01 CET
Opel plans an electric version of its new Karl minicar, a German magazine reported. The Karl EV could go on sale by the end of 2018, the report said.... Read More »

 

Ghosn lifts European car market forecast on eurozone stimulus plan

Jan. 22, 2015 22:41 CET
Renault CEO Carlos Ghosn upgraded his European car market growth forecast after the European Central Bank unveiled a bond purchase program to boost the continent's flagging economy. Ghosn now expects Europe's auto market to grow by at least 2 percent in 2015.... Read More »

 

Toyota may lose global sales lead to VW without new China strategy

Jan. 22, 2015 11:11 CET
Toyota remained the best-selling automaker worldwide in 2014 ahead of VW and GM, but the company may lose the sales crown this year as it falls behind in China, where rivals are expanding fast.... Read More »

 

Hyundai profit falls 19% on weak yen, ruble plunge

Jan. 22, 2015 11:39 CET
Hyundai's fourth-quarter profit fell 19 percent after the weaker yen and ruble eroded overseas earnings. A weaker yen gave rivals including Toyota a competitive edge in the U.S., while a plunge in the ruble lowered the value of earnings in Russia.... Read More »

 

PSA winds down hybrid air fuel-saving project, still seeks partner to share costs

Jan. 22, 2015 12:45 CET
PSA/Peugeot-Citroen said it will continue development of its Hybrid Air technology to reduce fuel use, despite reports in the French press that the project almost certainly will not see commercialization.... Read More »

 

Kia needs India plant to offset slowing sales in Russia and China, report says

Jan. 22, 2015 12:10 CET
Kia needs to set up a factory in India to tap growth in the fast-growing market and offset slowing sales in Russia and China, a Korean newspaper reported the automaker's CEO as saying. India may become the world's No. 3 auto market by next year.... Read More »

 

VW mulls separate listing of trucks business, report says

Jan. 21, 2015 15:16 CET
Volkswagen may restructure its truck business so that it could be spun off to raise cash, a German magazine reported. VW has hired former Daimler manager Andreas Renschler to integrate the unit, which includes Scania and MAN.... Read More »

 

VW targets 'significant' savings by reducing variety of parts

Jan. 21, 2015 16:36 CET
Volkswagen Group plans to boost profitability by scaling back the range of components at its main VW brand. Reducing the variety of parts used in VW vehicles will offer "significant savings potential," finance chief Hans Dieter Poetsch said.... Read More »

 

Schaeffler shifts 34% Continental stake off balance sheet

Jan. 21, 2015 10:58 CET
Schaeffler says a 34 percent stake in rival Continental has been shifted off the books in a move toward a possible stock market listing. Schaeffler borrowed heavily to buy Continental in 2008 in a deal that unraveled during the financial crisis.... Read More »

 

 
Newsletters & Alerts
  • Sample
  • Sample
  • Sample
  • Sample
Most Read