AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector ends 2015 on a high

Feb. 5, 2016 06:01 CET

The European auto industry ended last year with strong gains in shareholder value across the board at automakers, suppliers and retailers, according to the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices.... Read More »

PSA plans to cut 850 jobs at French factory, report says

Feb. 5, 2016 11:04 CET

PSA/Peugeot-Citroen plans to cut the night shift and 850 jobs at its Poissy factory near Paris to adapt to lower output levels as production of the Citroen C3 is moved to Slovakia next year, Reuters reported.... Read More »

Bentley preps fastback Bentayga

1:00 pm U.S. ET | Feb. 4, 2016

Bentley is hatching plans to introduce a sportier, coupelike version of the Bentayga, the brand’s first SUV. Bentley CEO Wolfgang Duerheimer said advance design and engineering work on a performance-enhanced, fastback Bentayga variant are under way, though the program still needs formal approval.... Read More »

GM worker dies at Ohio plant; U.S. investigating

12:06 pm U.S. ET | Feb. 4, 2016

Federal authorities are investigating the death of a General Motors worker at its Defiance, Ohio, casting operations plant this week.... Read More »

Obama seeks $10-a-barrel oil tax for self-driving cars, transport outlays

4:24 pm U.S. ET | Feb. 4, 2016

President Obama will propose a $10 per barrel tax on oil in his fiscal 2017 budget to finance self driving cars, public transit, railroads and other transportation improvements, the White House said.... Read More »

Honda will recall 341,000 Accord sedans in U.S. over restraint system

7:09 am U.S. ET | Feb. 4, 2016

Honda said it will recall 341,000 Accord sedans in the United States to replace an electric control unit used in its restraint system after confirming two injuries linked to the units.... Read More »

Daimler earnings surge 22% on new models

Feb. 4, 2016 09:44 CET

Daimler's fourth-quarter operating profit surged by 22 percent, lifted by demand for SUVs, compact cars and sales of its C class. The company, however, warned of slower growth in 2016 as China cools.... Read More »

Fiat Chrysler preps 2 Super Bowl ads

3:23 pm U.S. ET | Feb. 4, 2016

Fiat Chrysler Automobiles will air two spots during Super Bowl 50 on Sunday. The first ad will air after Coldplay's halftime performance. The second ad will air during the first commercial break in the fourth quarter, FCA revealed today.... Read More »

Delphi Q4 net income slides 44% in 'challenging global marketplace'

11:59 am U.S. ET | Feb. 4, 2016

Automotive electronics and technology supplier Delphi Automotive's fourth-quarter net income fell 44 percent from the year-earlier period to $192 million despite revenue and other measures that topped expectations.... Read More »

CHRISTIAAN HETZNER

BLOG: How GM's 'shampoo princess' is restoring Opel's image

12:01 am U.S. ET | Feb. 4, 2016

Opel marketing chief Tina Mueller, a former cosmetics executive dubbed the "shampoo princess," is playing a pivotal role in restoring the brand's battered image.... Read More »

Brazil wants to lift Mexico, Argentina trade caps as auto crisis deepens

3:44 pm U.S. ET | Feb. 4, 2016

Brazil's trade minister called for unrestricted auto trade with Mexico and Argentina on Thursday, after data showed the automotive industry had its worst January in a dozen years.... Read More »

VIDEO: AutoNews Now: Conti recalls airbag components

12:01 am U.S. ET | Feb. 4, 2016

Conti recalls airbag control units in 5M vehicles: Benz, Honda, FCA issue callbacks; Feds probe GM plant death; The lure of India; A sporty turn for Kia?; 'Friends' star to host 'Top Gear.'... Read More »

Continental recalls defective airbag control units used in 5 million vehicles

8:03 am U.S. ET | Feb. 4, 2016

Continental Automotive Systems said it supplied potentially defective airbag control units to 5 million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other automakers built over a five-year period worldwide, widening an airbag safety crisis.... Read More »

VW, seeking approval on emissions fix, replaces top U.S. lawyer

11:33 am U.S. ET | Feb. 4, 2016

Volkswagen AG replaced the head of its U.S. legal department with an outside lawyer as it seeks approval to fix nearly 600,000 vehicles that had software allowing them to cheat on emission levels.... Read More »

Asbury income, revenues up in Q4; vehicle margins down

11:20 am U.S. ET | Feb. 4, 2016

Asbury Automotive Group said net income soared to $41.1 million in the fourth quarter of 2015 as revenues rose 9.1 percent to $1.64 billion.... Read More »

CHRISTIAAN HETZNER

BLOG: How GM's 'shampoo princess' is restoring Opel's image

12:01 am U.S. ET | Feb. 4, 2016

Opel marketing chief Tina Mueller, a former cosmetics executive dubbed the "shampoo princess," is playing a pivotal role in restoring the brand's battered image.... Read More »

VIDEO: First Shift: VW plans 'emotional' ad push

12:01 am U.S. ET | Feb. 4, 2016

VW plans 'emotional' ads in bid to rebuild trust; Daimler Q4 profit surge; Yen trims Mazda's earnings; Google's rainy-day plan; Scion's demise: When Japan's U.S. ventures go wrong.... Read More »

Mazda says quarterly earnings ease on currency exchange impact

7:21 am U.S. ET | Feb. 4, 2016

Mazda reported a lower-than-expected operating profit for the third fiscal quarter largely due to a stronger yen against the euro and other currencies, and maintained its outlook for a slightly lower full-year profit.... Read More »

Subaru parent says quarterly earnings rise 21%

6:52 am U.S. ET | Feb. 4, 2016

Subaru parent Fuji Heavy Industries reported a bigger-than-expected rise in third-quarter operating profit on strong sales of its Subaru cars and a favorable currency impact, keeping it on track to post a record full-year profit.... Read More »

VW brand sales fall again in UK as market grows 3%

Feb. 4, 2016 11:06 CET

VW brand’s UK car sales fell 14 percent in January, the fourth consecutive monthly drop since the automaker admitted cheating in diesel emissions tests. Total new-car registrations rose nearly 3 percent, making it the market's best January since 2005.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales

Feb. 4, 2016 06:01 CET

Jeep, Smart and Jaguar were the biggest winners last year in Europe, where overall vehicle sales rose 9 percent, exceeding initial analyst expectations of 3 percent growth at most.... Read More »

Kia plans first sports sedan next year as it seeks younger, more hip image, report says

10:13 am U.S. ET | Feb. 3, 2016

Kia Motors plans to launch its first sports sedan next year, people familiar with the matter told Reuters, seeking to burnish a sporty, younger image as larger sibling Hyundai Motor builds up its premium offerings.... Read More »

Ford will cut jobs in Europe to boost profits

Feb. 3, 2016 10:13 CET

Ford plans to cut white collar jobs in Europe to help lift its weak profitability in the region. Ford also said it plans to reduce its European manufacturing expenses by 7 percent.... Read More »

Honda warns dealerships of liability as it widens airbag recall

12:15 pm U.S. ET | Feb. 3, 2016

American Honda has expanded its Takata airbag recalls by more than 2 million vehicles and warned dealers that they could face legal exposure for unrepaired vehicles if they violate a related stop-sale order for the affected cars.... Read More »

NEWS ANALYSIS

Scion is not Japan's only failed U.S. brand

11:31 am U.S. ET | Feb. 3, 2016

Japanese failures in the United States are rare, but there have been a few. And with the death of Scion, announced today, Toyopet no longer stands alone as Toyota’s only failed brand.... Read More »

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