ANE Email Tuesday

Faurecia forms joint venture with China's Dongfeng

March 31, 2015 11:26 CET

Faurecia has agreed to form a joint venture with Dongfeng Motor to help increase its presence in the world's biggest car market. Faurecia is majority-owned by PSA/Peugeot-Citroen. Dongfeng has a 14 percent stake in PSA.... Read More »

VW halts output for 3 weeks at Brazil plant, union says

March 30, 2015 19:14 CET

Volkswagen has halted production at its second-largest factory in Brazil for three weeks, a local union said, as a steep decline in demand forces carmakers to manage excess capacity. VW is one of many automakers working to cut costs in the country, where sales and output are down more than 20 percent in the first two months.... Read More »

Volvo appoints Europe boss as part of global reorganization

March 24, 2015 11:43 CET

Volvo named Anders Gustafsson as head of Europe, Middle East and Africa, one of three global business regions that also include new divisions for the Americas and Asia.... Read More »

Renault reinforces quality oversight

March 24, 2015 12:09 CET

Renault aims to improve its quality and customer satisfaction ratings by moving its Americas chief, Denis Barbier, to a new role overseeing those two areas.... Read More »

Mercedes begins output of GLA engines in China

March 24, 2015 12:28 CET

Mercedes has added production of engines for the GLA compact crossover at its powertrain plant in Beijing. The automaker has now localized all engine production for the three models it produces locally with partner Beijing Automotive, that also include the C class and E class.... Read More »

Mercedes plant has highest per-hour labor cost in U.S.; VW and BMW pay least

March 24, 2015 10:42 CET

Workers at Daimler's Mercedes-Benz plant in Vance, Alabama, have the highest hourly pay among employees at U.S. car factories while Volkswagen and BMW workers earn the least, a study shows.... Read More »

BMW CEO sees EV initiatives helping i3 sales in key markets

March 24, 2015 06:01 CET

BMW CEO Norbert Reithofer sees political initiatives in a number of the carmaker's key markets as important in helping to boost sales of the i3 electric car.... Read More »

Russia boosts auto industry aid to $424 million

March 23, 2015 17:24 CET

Russia plans to spend more than 25 billion rubles ($424 million) in state funds to support its ailing auto industry, increasing the amount of aid it allocated last week.... Read More »

European February car sales rise as economy bolsters demand

March 17, 2015 09:21 CET

European car-sales rose by 7 percent in February as signs of a strengthening economic expansion in the region, a global drop in fuel prices and dealer discounts encouraged purchases. Analysts said the growth may signal a stronger-than-expected recovery of Europe's auto market.... Read More »

China's FAW chairman faces gov't graft probe

March 17, 2015 13:18 CET

Xu Jianyi, the chairman of China's FAW Group, which makes cars with Volkswagen and Toyota, is being investigated by the Communist Party anti-graft watchdog.... Read More »

Nissan will suspend Russia production for 16 days on weak sales

March 17, 2015 11:27 CET

Nissan is suspending production at its St. Petersburg plant between March 16 and March 31 due to weak sales in Russia. The automaker's deliveries fell 45 percent in February in an economy weakened by lower oil prices and Western sanctions over the Ukraine crisis.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Premium brands push volume rivals from profit-rich niches

March 17, 2015 06:01 CET

Premium automakers continued to push volume rivals out of profit-rich niches such as coupes and convertibles last year, leading some automakers to begin cutting models with those body styles from their lineups.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

SUV and crossover sales grew 21% in Europe last year

March 17, 2015 06:01 CET

SUVs and crossovers benefited most from Europe's first rise in annual sales since 2007 last year. Combined deliveries of models ranging from the Nissan Qashqai to the BMW X5 increased 21 percent to more than 2.5 million units.... Read More »

Maserati cuts output as demand slows for Ghibli, Quattroporte, union says

March 16, 2015 17:34 CET

Fiat Chrysler Automobiles is cutting Maserati production as demand for the brand's luxury sports cars slows after record sales last year, according to a union at the automaker.... Read More »

Valeo open to acquisitions in growth areas

March 16, 2015 14:08 CET

Valeo is open to acquisitions that could bolster its product offerings in high-growth areas such as fuel efficiency and autonomous driving, CEO Jacques Aschenbroich said.... Read More »

Skoda CEO Vahland urges Czech euro adoption when Greek crisis ebbs

March 16, 2015 21:17 CET

The Czech Republic will benefit from adopting the euro and should join the monetary union after the Greek debt crisis calms down, Skoda CEO Winfried Vahland said. Skoda is the country's largest industrial company and the country's main exporter.... Read More »

Germany holds off on tax breaks to boost sales of electric company cars

March 16, 2015 21:45 CET

Germany's federal government has shelved a plan to boost electric car sales via corporate tax breaks because it could not secure the consent of state governments whose coffers stood to lose revenue.... Read More »

Skoda profit jumps 46% in 2014 on record sales

March 16, 2015 14:39 CET

Skoda raised net profit by 46 percent to 665 million euros in 2014 after selling more than 1 million cars for the first time in its history.... Read More »

Audi sees lower profitability as it invests to boost sales

March 10, 2015 12:31 CET

Audi is targeting another year of record car sales in 2015, but said profitability could slip further amid spending on technology, foreign expansion and plans to increase its model range to 60 vehicles by 2020.... Read More »

NICK GIBBS

BLOG: Why McLaren can be profitable without an SUV

12:01 am U.S. ET | March 10, 2015

McLaren Automotive CEO Mike Flewitt says the supercar maker doesn't need an SUV to generate the cash required to keep renewing its range.... Read More »

BMW brand tops rivals in Feb.; trails Audi overall

March 10, 2015 10:32 CET

BMW brand's February sales rose 5.2 percent to 131,416 vehicles. The monthly total beat rivals Audi and Mercedes after both automakers outsold BMW in January. Through two months, Audi remains ahead of BMW brand in the ranking of the world's best-selling premium carmakers.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Automakers, greens disagree on the true cost of meeting EU's CO2 regulations

March 10, 2015 06:01 CET

Automakers say the cost to meet tough European CO2 emissions limits that take effect in 2021 is rising rapidly, according to an analyst report, a view not shared by environmentalists.... Read More »

VW makes progress on China-built budget brand

March 9, 2015 15:04 CET

VW Group is moving toward adding a no-frills brand in China after delays caused by the automaker's efforts to reduce costs on the project. VW has said the car will be priced at 6,000 to 7,000 euros.... 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 »

 
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