WAP ANE Breaking

Lotus CEO 'confident' he can return brand to profit

Sept. 23, 2014 06:01 CET
New Lotus CEO Jean-Marc Gales says he's “confident” he can make the money-losing brand profitable again by cutting jobs, adding dealers and boosting the sports car maker's lineup.... Read More »

 

2014 PARIS AUTO SHOW PREVIEW

French automakers focus on fuel economy as rivals push zoom factor

Sept. 22, 2014 06:01 CET
French automakers will focus on ultra fuel-efficient concepts at the Paris auto show while their rivals showcase sporty cars such as the Mercedes-AMG GT, Jaguar XE and Mazda MX-5.... Read More »

 

VW to seek higher margins with China-only luxury sedan

Sept. 22, 2014 09:03 CET
VW Group will launch a VW-badged luxury sedan designed solely for China next year to help boost its margins, sources said. The move, however, could put VW brand in direct competition with its premium sibling, Audi.... Read More »

 

Nissan and Dongfeng form JV for Infiniti in China

Sept. 22, 2014 12:27 CET
Nissan has formed a joint venture with Dongfeng Motor in China dedicated to producing premium Infiniti vehicles. Nissan and Dongfeng each will control 50 percent of the JV, which will start by making the Q50L and QX50.... Read More »

 

2014 PARIS AUTO SHOW

Mini will show new 5-door hatchback at Paris

Sept. 19, 2014 14:52 CET
Mini will unveil its first five-door hatchback in Paris as the BMW subsidiary seeks to attract new customers and those looking for something bigger than the current three-door Mini.... Read More »

 

Fiat will suspend Panda production at Italy plant as demand falls

Sept. 19, 2014 18:00 CET
Fiat will temporarily suspend production at its Pomigliano plant in southern Italy from Oct. 16-27 amid weak demand. The Fiat Panda minicar is built at the factory.... Read More »

 

Ford to cut Fiesta output in Germany

Sept. 19, 2014 10:47 CET
Ford said it will cut production of its Fiesta subcompact at its plant in Cologne, Germany, in the fourth quarter because of slowing demand in some of the region's key markets.... Read More »

 

Fiat will source a midsize truck from Mitsubishi

Sept. 19, 2014 08:44 CET
Fiat Chrysler will source a pickup for Europe and Latin America from Mitsubishi starting in 2016. The automakers today signed an interim agreement to develop and manufacture a midsize truck based on the next Mitsubishi L200.... Read More »

 

BMW extends CFO Eichiner's contract until 2017

Sept. 19, 2014 11:31 CET
BMW will extend the contract of 59-year-old Chief Financial Officer Friedrich Eichiner by another two years, a change by the company that has until now forced its board members to retire at 60. Eichiner's contract was due to expire next year.... Read More »

 

EU antitrust chief says more cartel fines on way for suppliers

Sept. 19, 2014 12:41 CET
EU regulators say they are ready to penalize several suppliers found guilty of price fixing. The EU has already fined two supplier cartels more than 1 billion euros in the last year.... Read More »

 

Lotus plans to cut up to 325 jobs to reduce losses

Sept. 18, 2014 18:41 CET
UK sports car maker Lotus said it plans to cut as many as 325 jobs, a quarter of its workforce, as it seeks to reduce losses.... Read More »

 

ZF net debt seen at $11 billion after TRW deal, report says

Sept. 18, 2014 18:05 CET
ZF's net debt will rise to about 8.5 billion euros ($11 billion) -- about 2.4 times core earnings -- after it buys rival TRW, a banker familiar with the deal said. Earlier this week, ZF agreed to buy TRW for $13.5 billion including debt.... Read More »

 

VW's German workers will seek above-inflation pay hike

Sept. 18, 2014 23:49 CET
VW's German workers will push for above-inflation pay increases next year, even as the carmaker seeks to cut costs and boost flagging profitability in its core division, the IG Metall labor union said.... Read More »

 

Fiat Chrysler locates new HQ in London's West End

Sept. 18, 2014 15:58 CET
Fiat Chrysler will locate its new global headquarters in St James's Street in London's West End, near Buckingham Palace. London is neutral territory between the Italian carmaker's former HQ in Turin and Chrysler's historic association with Detroit.... Read More »

 

Bentley adds models in Korea on rising ultraluxury demand

Sept. 18, 2014 12:25 CET
Bentley is adding new models in South Korea as the brand sees increased competition for ultraluxury cars in the market. The automaker says its dealership in Seoul has seen a 133 percent jump in deliveries so far this year.... Read More »

 

Mercedes opts for cloud-computing setup to protect data from hackers

Sept. 18, 2014 13:22 CET
Mercedes is using a cloud-computing setup to protect data generated by vehicles as the industry moves toward driverless cars. Automakers are looking for ways to stop hackers from gaining information or even hijacking vehicles by remote control.... Read More »

 

2014 PARIS AUTO SHOW

SsangYong set to join expanding subcompact SUV segment

Sept. 18, 2014 11:46 CET
SsangYong will preview two subcompact SUV concepts in Paris next month, ahead of the launch of a production model, the X100, next year. SsangYong is the latest automaker to join the fast-growing small SUV segment.... Read More »

 

Europe auto sales rose 2% in August as region's recovery slows

Sept. 17, 2014 08:43 CET
European car sales rose 2 percent in August but a heavy reliance on incentives in Spain and a fall in sales in Germany, France and Italy are signs that the region's recovery may be faltering, analysts and executives said.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

EVs, small SUVs are winners in first half

Sept. 17, 2014 06:30 CET
The European car market underwent a big shake-up in the first half as there was a change at the top of nine of the 24 segments tracked by Automotive News Europe. The biggest gainers were electric vehicles and small SUVs.... Read More »

 

2014 PARIS AUTO SHOW

Honda reveals longer, sleeker, sportier Jazz

Sept. 17, 2014 12:44 CET
Honda has released pictures of its near-production next-generation Jazz subcompact, which show a bigger, sportier-looking model than the current car. The Jazz is Honda's No. 3-selling model in Europe after the Civic and CR-V.... Read More »

 

ZF says TRW takeover creates supplier ready for self-driving age

Sept. 16, 2014 14:19 CET
ZF wants to purchase TRW to create a global supplier ready for an age of self-driving cars. "The major motivation for this transaction is technology driven, in the field of electromobility and ... autonomous driving," ZF CEO Stefan Sommer said.... Read More »

 

Bosch benefits from ZF's bid to buy TRW

Sept. 16, 2014 12:45 CET
Robert Bosch is an unexpected beneficiary of ZF's plans to purchase TRW. Bosch is poised to take full control of a steering joint venture it co-founded with ZF that makes systems that are key to creating driverless cars.... Read More »

 

Opel shakes up Russia operations

Sept. 16, 2014 09:30 CET
Opel will reorganize its Russian operations in response to difficult market conditions amid the crisis over Ukraine. The GM subsidiary will reduce output at its St. Petersburg plant to one shift.... Read More »

 

VW boosts German brands' market share in China

Sept. 16, 2014 10:32 CET
VW Group's lead in China's compact sedan market this year has helped boost German automakers' share of the overall car market to 24 percent in July from 21 percent at the end of 2013.... Read More »

 

ZF to purchase TRW for $105.60 a share

Sept. 15, 2014 16:02 CET
ZF has reached a deal to buy TRW Automotive for $105.60 per share. The transaction will create the world's second-largest auto supplier with combined revenue of about 30 billion euros ($41 billion).... Read More »

 

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