WAP ANE Breaking

VW delays revamp of Phaeton flagship in profit push, report says

Aug. 21, 2015 10:51 CET

Volkswagen is delaying the introduction of the new Phaeton as the automaker seeks to improve returns on the upscale sedan by lowering production and material costs, Bloomberg reported.... Read More »

2015 FRANKFURT AUTO SHOW

Citroen will debut Mehari-inspired concept

Aug. 20, 2015 06:01 CET

Citroen will preview a potential new model inspired by its iconic Mehari utility vehicle at the Frankfurt auto show. The concept will be based on the C4 Cactus.... Read More »

Renault-Nissan will cut jobs, production in India

Aug. 20, 2015 12:32 CET

Renault-Nissan plans to cut several hundred jobs in India and reduce production at its plant near Chennai. The move is in reaction to slowing sales caused by the slow pace of new product launches and growing competition from rivals such as Maruti Suzuki and Hyundai.... Read More »

UK car output falls 11% as plants retool for new models

Aug. 20, 2015 11:34 CET

UK car production fell by 11 percent in July as changes to holiday patterns and upcoming new launches such as the Vauxhall/Opel Astra resulted in early annual shutdowns at some plants.... Read More »

Toyota said to seek supplier price cuts

Aug. 20, 2015 11:38 CET

Toyota plans to ask suppliers to cut prices for the first time in about a year in an effort to boost competitiveness, Nikkei reported. A recent drop in raw material prices has increased suppliers' ability to cut prices, the paper said.... Read More »

Schaeffler will cut 500 jobs as first-half earnings drop nearly 2%

Aug. 20, 2015 11:04 CET

Schaeffler plans to cut up to 500 jobs in Europe at its industrial division. Earnings at the unit, which makes ball bearings for cars, airplanes and industrial tools, fell 1.7 percent to 171 million euros ($190 million) in the first six months.... Read More »

2015 FRANKFURT AUTO SHOW

Audi teases Tesla Model X fighter, says launch planned for 2018

Aug. 19, 2015 11:06 CET

Audi issued a teaser picture and some details of an all-electric SUV that it will launch to rival the upcoming Tesla Model X. The SUV will have a range of more than 500km (310 miles) and will go into production in 2018 as the brand's first volume electric car, Audi said.... Read More »

Volvo first-half profit rises 71% as Europe offsets China, U.S. slowdown

Aug. 19, 2015 08:28 CET

Volvo boosted its earnings goal for the year after operating profit rose 71 percent in the first half as strong demand in Europe offset slower development in China and North America.... Read More »

Global automakers divert shipments from China's Tianjin port after blasts

Aug. 19, 2015 12:52 CET

BMW, Volkswagen, Toyota and Renault are among global automakers switching to ports in Shanghai and other locations from Tianjin after massive explosions last week disrupted operations indefinitely at China's largest auto import hub.... Read More »

U.S. watchdog joins German investigation of Ford, report says

Aug. 18, 2015 18:07 CET

The United States' securities watchdog is helping German prosecutors to investigate the alleged payment of bribes by Ford to speed the passage of containers through Russian customs, Reuters reported.... Read More »

2015 FRANKFURT AUTO SHOW

Kia gives Sportage sleeker look, upscale interior

Aug. 18, 2015 06:01 CET

Kia has given its Sportage a sleeker look and an upscale interior to help the model compete better in the tough compact SUV segment. The new Sportage will have Kia's "most refined, highest-quality cabin to date," the automaker said. The SUV will debut next month in Frankfurt.... Read More »

Toyota ends Land Cruiser production in Russia but remains bullish on market's prospects

Aug. 18, 2015 12:31 CET

Toyota has ended production of the Land Cruiser Prado SUV in Russia but will not pull out of the crisis-hit market. The company said its plan to double annual output at its St. Petersburg plant is still on track.... Read More »

Skoda purchasing boss sees sourcing EV parts as a challenge

Aug. 18, 2015 06:01 CET

Veteran Volkswagen Group executive Dieter Seeman became Skoda's purchasing boss last year, moving from a similar position at sister brand Seat. Seeman, 57, spoke to Automotive News Europe Editor Luca Ciferri about purchasing synergies, supplier consolidation and the rise of EVs.... Read More »

NEWS ANALYSIS

Automakers in Russia left with nowhere to turn as economic woes deepen

Aug. 18, 2015 11:08 CET

Automakers building cars in Russia such as VW and Ford have been hit as the ruble's steep decline increases the cost of foreign parts they import. Companies are being forced to increase car prices despite the country's economic crisis that leaves consumers with little money for big purchases.... Read More »

Audi launches special sales service for R8 and RS buyers

Aug. 18, 2015 06:01 CET

Audi is rolling out dedicated space in selected showrooms for buyers of its R8 supercar and high-performance RS models. The automaker plans to have 200 so-called Audi Sport dealers in place by the year-end.... Read More »

Former Porsche communications chief charged with aiding market manipulation

Aug. 17, 2015 16:17 CET

A German prosecutor charged Porsche's former communications chief, Anton Hunger, with aiding market manipulation related to the purchase of Volkswagen Group shares, after dropping identical charges against Porsche's supervisory board.... Read More »

Saab owner will develop green cars with China's Dongfeng

Aug. 17, 2015 12:50 CET

China's Dongfeng and National Electric Vehicle Sweden (NEVS), which bought Saab Automobile in 2012, have signed an agreement to jointly develop green cars. NEVS will also help Dongfeng to develop its own brand cars to meet regulations and technical specifications of overseas markets including Europe and North America.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ford exec says Google, Apple collaborations won't impact brand's identity

Aug. 17, 2015 06:01 CET

Ford doesn't feel threatened by Google and Apple's growing interest in the auto industry, said Christof Kellerwessel, the automaker's electrical engineering chief. The automaker has seen a lot of competitors "come and go" during its history, Kellerwessel told Automotive News Europe in an interview.... Read More »

VW says 2,700 cars damaged in China port blasts

Aug. 17, 2015 12:15 CET

VW said about 2,700 of its imported cars were damaged in last week's blasts at China's largest port for vehicle imports. Toyota said evacuation orders in the area have halted three of its production lines.... Read More »

Siemens CEO sees German car industry slowing in 2016

Aug. 17, 2015 06:01 CET

Germany's exporter-heavy auto industry could be poised for a slowdown next year as demand in foreign markets slows, Siemens CEO Joe Kaeser said in a newspaper interview. "I would not be surprised if we see a darkening in the automobile sector in 2016 or 2017," Kaeser said.... Read More »

Fiat Chrysler poised to keep momentum after Ferrari spinoff

Aug. 14, 2015 17:22 CET

A recovering European car market, improving margins and well-received new models have made some analysts more bullish that Fiat Chrysler's shares will continue to rise even after it spins off Ferrari.... Read More »

German prosecutors drop case against Porsche board

Aug. 14, 2015 18:20 CET

German prosecutors have dropped a case against members of Porsche Automobil's supervisory board, which includes Ferdinand Piech and Wolfgang Porsche, for suspected market manipulation. But they are still pursuing a separate case against Porsche's former CEO and CFO.... Read More »

Mercedes' China surge pushes it past BMW, Audi in July

Aug. 14, 2015 11:55 CET

Mercedes sold more luxury cars worldwide than the Audi and BMW brands in July as its rising deliveries in China defied a market slowdown there. Mercedes' surge left it just 272 units behind Audi after seven months for second place in the global premium-car sales race.... Read More »

Audi develops 500km-range battery for electric SUVs

Aug. 13, 2015 16:59 CET

Audi said it will develop batteries for electrically powered SUVs that can run more than 500km per charge. Audi said it will get cell modules for the batteries from LG Chem and Samsung SDI.... Read More »

Autoliv, ZF TRW gain from Takata's recall troubles

Aug. 13, 2015 10:33 CET

By March, Autoliv, Daicel and ZF TRW Automotive will make about 68 percent of the inflators used to repair faulty Takata airbags behind a record vehicle-safety recall. Autoliv estimates it will supply as many as 20 million replacement inflators in 2015 and 2016.... Read More »

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