ANE Email Tuesday

Italy mulls incentives to boost 'fragile' car market

July 29, 2014 13:32 CET
The Italian government is considering offering tax incentives to encourage new car purchases by both private and public sector owners, Transport Minister Maurizio Lupi said.... Read More »

 

Faurecia increases earnings target

July 29, 2014 11:39 CET
Faurecia raised its 2014 earnings forecast after first-half profit jumped 21 percent on strong demand in Asia and higher market share in its home region.... Read More »

 

AvtoVAZ CEO Andersson aims to restore pride to Lada

July 29, 2014 13:12 CET
Bo Andersson, a former top purchasing manager at GM, aims to turn around the struggling Russian automaker AvtoVAZ through cost reductions and launching new Lada cars that can compete with Western competitors.... Read More »

 

GKN confident as auto-unit growth offsets currency hit

July 29, 2014 13:50 CET
GKN says it is confident regarding the rest of 2014 after first-half profit at its car parts supply division rose 6 percent, helping to offset the effects of a currency hit.... Read More »

 

GUIDO REINKING

Fiat would find a safe haven in VW

4:59 am U.S. ET | July 29, 2014
Reports that VW may buy Fiat-Chrysler sound improbable, but the idea has appeal. It would allow VW to overcome its weakness in North America and offer Fiat Chrysler a safe haven.... Read More »

 

2014 PARIS AUTO SHOW

Skoda bets on sporty design to boost Fabia sales

July 29, 2014 06:01 CET
Skoda has given its Fabia subcompact a more dynamic, sharper and sportier design. The latest-generation Fabia will debut at the Paris auto show in October.... Read More »

 

Renault first-half profit surges 25% on cost cuts

July 29, 2014 08:28 CET
Renault reported a 25 percent jump in first-half operating profit thanks to cost-cutting even as currency headwinds and mounting inventories hurt sales and cash flow.... 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 »

 

Rolls-Royce names new China boss

July 22, 2014 06:01 CET
Rolls-Royce has named BMW veteran Leon Li as regional director for its China operations. China demand helped to boost the ultraluxury brand's global vehicle sales to a record 3,630 last year.... Read More »

 

Osram provides BMW i8's laser lights

12:01 am U.S. ET | July 22, 2014
Osram provides the headlamps for the optional laser high beams on the BMW i8 plug-in hybrid supercar. BMW says the i8's laser lights use half the energy of light-emitting diode headlamps.... 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 »

 

Germany's Rheinmetall forms new JV with China's Hasco

July 22, 2014 13:16 CET
Rheinmetall will shift a unit making aluminum engine blocks to a joint venture with China's Hasco to help finance growth at its automotive business, the German company said.... Read More »

 

Volkswagen plans $250 million investment in India

July 15, 2014 10:36 CET
Volkswagen plans to invest 15 billion rupees ($250 million) in India over the next five to six years. VW's market share in India fell in the last fiscal year to 2.1 percent from 2.4 percent.... Read More »

 

Porsche will consolidate sports car output in Zuffenhausen with 400 million euro investment for Boxster and Cayman production

July 15, 2014 12:57 CET
Porsche plans to consolidate production of its Boxster and Cayman sports cars at its main plant in Zuffenhausen, near Stuttgart.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Audi makes London showroom a technology showcase

July 15, 2014 06:01 CET
Audi's central London dealership has chosen a revolutionary new way for the automaker to sell not just cars but the brand itself by allowing customers to configure their vehicles on four huge powerwall screens.... Read More »

 

Audi to add shift at Hungary plant ahead of TT launch

July 15, 2014 11:28 CET
Audi will add a third shift at its car plant in Hungary in mid-August ahead of the launch of the new TT sports car.... Read More »

 

Russia bans state purchase of foreign-made cars to aid local automakers

July 15, 2014 13:16 CET
Prime Minister Dmitry Medvedev has ordered a ban on Russian state and municipal purchases of foreign-manufactured cars to support local producers.... Read More »

 

BMW open to sharing battery technology with rivals

July 15, 2014 09:52 CET
BMW is open to sharing with rival automakers the EV battery cell technology it co-developed with Samsung SDI. Sharing the technology would reduce the cost of the battery cells -- the most expensive part of an electric vehicle.... Read More »

 

Infiniti lures BMW exec to head global operations

July 8, 2014 12:49 CET
Infiniti has named longtime BMW executive Gaby-Luise Wuest as its head of global operations. Wuest succeeds Francois Goupil de Bouille, who has been appointed Infiniti's head of Europe, Middle East and Africa operations.... Read More »

 

Agnellis may tighten grip on Fiat after Chrysler merger

July 8, 2014 11:43 CET
Fiat's founding Agnelli family may see its voting rights rise to 46 percent as part of a scheme to reward long-term investors after a merger with Chrysler and a listing in New York, a U.S. regulatory filing showed.... Read More »

 

VW brand sales rise to record as China, Europe offset U.S., Brazil slide

July 8, 2014 12:21 CET
Sales of Volkswagen brand cars surpassed 3 million vehicles in the first half, marking a new record thanks mainly to double-digit growth in China.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW CEO sees billion-euro challenge to meet EU's CO2 target

July 8, 2014 06:15 CET
BMW CEO Norbert Reithofer says the cost to meet tougher EU CO2 limits due in 2021 will cost the carmaker billions of euros, but he's confident that a new engine family will allow the automaker to achieve the target.... Read More »

 

Audi joins Mercedes in narrowing luxury-car sales gap with BMW

July 8, 2014 10:57 CET
Audi and Mercedes narrowed their sales gaps with global luxury-car leader BMW during the first half on robust sales of Audi's A3 compact and Mercedes' S-class flagship.... Read More »

 

PSA-Dongfeng raises 2014 China sales target

July 7, 2014 14:42 CET
PSA's Chinese joint venture with Dongfeng raised its 2014 sales target by about 50,000 vehicles after sales rose 24 percent in the first six months.... Read More »

 

Spanish car sales rise 24% in June

July 1, 2014 12:01 CET
New-car sales in Spain rose 24 percent in June, the tenth straight month of increases, as a government subsidy scheme continued to stimulate demand.... Read More »

 

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