Global

Turkish auto sales rise 37% in August

Sept. 3, 2015 11:44 CET

Turkish sales of passenger cars and light commercial vehicles jumped 37 percent in August, helping eight-month registrations rise by 47 percent.... Read More »

Former Saab CEO charged with giving false testimony

Sept. 2, 2015 16:44 CET

Former Saab Automobile CEO Jan Ake Jonsson was charged with giving false testimony when the aftermath of the Swedish automaker's bankruptcy played out in court.... Read More »

CHRISTIAAN HETZNER

BLOG: VW should strengthen oversight of CEO Winterkorn

9:55 am U.S. ET | Sept. 2, 2015

VW Group should strengthen oversight of CEO Martin Winterkorn, who is set to receive a two-year contract extension, by appointing Qatar Airways CEO Akbar Al Baker to its steering committee.... Read More »

GM expects to be profitable in India in 5 years

6:53 am U.S. ET | Sept. 2, 2015

General Motors expects to be profitable in India in five years as it cuts costs and works toward increasing local content in its cars, the automaker's India chief told Reuters.... Read More »

German car sales rose 6% in August

Sept. 2, 2015 10:46 CET

German new-car registrations rose 6 percent in August, slowing from a growth rate of 7 percent in July. Germany joins France, Italy and Spain in reporting increased sales during a normally quiet month.... Read More »

Volvo sales rise 3% in August as U.S. demand offsets slowing China

Sept. 2, 2015 11:38 CET

Volvo's global car sales rose 3.2 percent in August as strong growth in the U.S. helped offset a continued slide in China, which has been hit by slowing growth and stock market turmoil.... Read More »

Opel will launch online retail banking in Germany

Sept. 2, 2015 12:24 CET

Opel will push into online retail banking in Germany and use consumer deposits to broaden the base of its financing operation.... Read More »

Chinese supplier CW Bearing to build new U.S. headquarters near Detroit

6:50 am U.S. ET | Sept. 2, 2015

CW Bearing USA will invest $25.9 million to build a new U.S. headquarters and technical center in suburban Detroit, Michigan Gov. Rick Snyder’s office said.... Read More »

Tesla names new Germany chief amid slow sales

Sept. 1, 2015 06:01 CET

Tesla named a new top executive in Germany, where the U.S. electric car maker is struggling to gain a foothold.... Read More »

Germany's Kiekert buys out Chinese partner

Sept. 1, 2015 13:02 CET

Kiekert, a global supplier of automotive locks, has acquired full ownership of China's Henan North Xingguang Locking Systems Co., a manufacturer of door, hood and trunk locks.... Read More »

French new-car sales rise 10% percent on extra selling day

Sept. 1, 2015 11:05 CET

French new-car sales rose 9.7 percent in August, traditionally a slow holiday month, boosted by an extra selling day. All major brands increased sales except Toyota and Ford.... Read More »

Spain's car sales jump 23% in 24th consecutive month of growth

Sept. 1, 2015 12:36 CET

Spanish new-car sales rose 23 percent in August in the best result for the month since 2009 and the 24th consecutive month of growth as the market benefits from a government-backed subsidy program.... Read More »

Top Renault exec sees European rebound continuing in second half

Sept. 1, 2015 11:23 CET

Renault's Chief Competitive Officer, Thierry Bollore, expects Europe's rebound to continue as the region's economy improves and drivers replace aging vehicles. Bollore discussed this outlook and the challenges facing Renault with Automotive News Europe.... Read More »

Internet entrepreneurs back Chinese electric vehicle startup, NextEV

3:13 pm U.S. ET | Aug. 31, 2015

A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent and Hillhouse Capital, is backing an effort to create NextEV, a new rival to U.S. electric car maker Tesla Motors.... Read More »

Renault, Nissan halt $756 million India investment, report says

Aug. 31, 2015 11:43 CET

Renault and alliance partner Nissan have halted plans to invest 50 billion rupees ($756 million) in India because they say they are owed 46 billion rupees by the Tamil Nadu state government for investment promotion subsidies and tax refunds, a report said.... Read More »

Chinese automaker BAIC Motor in talks to buy Daimler shares

12:01 am U.S. ET | Aug. 31, 2015

Chinese automaker BAIC Motor is in talks with Daimler AG about taking a stake in the German luxury carmaker, two sources with knowledge of the matter have told Reuters.... Read More »

China faces an added threat down the road: Capacity glut

12:01 am U.S. ET | Aug. 31, 2015

The news coming out of China right now is bad, and chances are, it’s going to get worse.... Read More »

Citroen prepares new models with an eye on China

Aug. 30, 2015 06:01 CET

Citroen is preparing a series of model launches to reverse a sales slump that threatens to hamper parent PSA/Peugeot-Citroen's recovery from near bankruptcy. CEO Linda Jackson is counting on China for a "slight increase" in deliveries this year despite weakening demand compounded by the country's stock market crash.... Read More »

Subaru sees no immediate return to Tianjin port after blast

10:01 am U.S. ET | Aug. 28, 2015

Subaru maker Fuji Heavy Industries said today that it will keep diverting car exports from Tianjin to Shanghai for now because its Tianjin operations have yet to return to normal after explosions in the Chinese port city this month.... Read More »

China's BAIC in talks to take Daimler stake, report says

Aug. 27, 2015 11:09 CET

Chinese automaker BAIC Motor is in talks with Daimler about taking a stake in the German luxury carmaker, Reuters reported. If a deal is completed BAIC will become one of Daimler's top shareholders after Kuwait and Renault-Nissan.... Read More »

Toyota poised to restart production at China plant

10:22 am U.S. ET | Aug. 27, 2015

Toyota said it will restart work today at China plants that were shut after explosions in the city of Tianjin. Workers at two lines in the Tianjin Economic Technological Development Area were expected to return today and start preparation to begin production on Friday, Toyota said in an e-mailed statement.... Read More »

China's luxury shoppers hit pause amid roiling markets

7:40 am U.S. ET | Aug. 27, 2015

The rout in China stocks is posing another threat to the world's biggest car market, jeopardizing growth plans for companies from Volkswagen AG to General Motors.... Read More »

Global carmakers rework India plans

Aug. 27, 2015 12:01 CET

Leading global carmakers including VW, GM, Nissan and Renault are reviewing their plans in India as they seek to boost sales, avoid more cutbacks, and better compete against market leaders Maruti Suzuki, Hyundai and Mahindra.... Read More »

VW considers exporting Russia-built cars as market slumps

Aug. 26, 2015 18:50 CET

Volkswagen may export Russia-built cars to other countries to offset collapsing sales in the crisis-hit market. The automaker builds VW brand and Skoda vehicles at its Russian plant south of Moscow.... Read More »

Ferrari returns to India with California T, new dealers

Aug. 26, 2015 11:40 CET

Ferrari is renewing its Indian market push with two new dealers and the introduction of the California T convertible after terminating earlier dealerships for reasons including dissatisfaction with service levels.... Read More »

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