Global

Marchionne has FCA on fast track to profit in Europe

Jan. 28, 2015 16:28 CET
Fiat Chrysler Automobiles will be profitable in Europe a year earlier than expected, CEO Sergio Marchionne said Wednesday. Previously, Marchionne said the automaker's regional operations in Europe, Middle East and Africa (EMEA) would break even this year and turn a profit in 2016.... Read More »

 

Auto bosses say billions in savings at stake if EU-U.S. trade deal fails

Jan. 28, 2015 19:41 CET
The CEOs of Germany's top auto companies said Wednesday that they could save roughly 5 billion euros in annual costs if the European and U.S. governments can agree on a landmark free trade deal.... Read More »

 

Cost-cutting VW baffles experts with Phaeton plans

Jan. 28, 2015 10:05 CET
With VW having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading the money-losing Phaeton premium sedan. Analysts say the costly car should be axed.... Read More »

 

Zetsche, other top auto chiefs to lobby for EU-U.S. trade deal

Jan. 27, 2015 21:06 CET
Daimler CEO Dieter Zetsche, Volkswagen boss Martin Winterkorn and other captains of Germany's automotive industry have gathered in Berlin today to try to rally support for a transatlantic free trade deal that faces potential collapse.... Read More »

 

Mercedes plans to move R-class production to AM General in Indiana

10:18 am U.S. ET | Jan. 27, 2015
Mercedes-Benz plans to shift production of the R-class crossover from its Alabama plant to contract manufacturer AM General in Indiana this summer. The German automaker said it needed to free up space in its assembly operations near Tuscaloosa, Ala.... Read More »

 

Germany plans driverless-car pilot project on autobahn

Jan. 27, 2015 10:36 CET
Germany plans a driverless-car pilot project on a portion of the A9 autobahn between Munich and Berlin. The project would be one of the first to equip a stretch of public highway specifically for testing autonomous vehicles.... Read More »

 

Toyota to move to merit-based pay for Japan factory workers, report says

8:40 pm U.S. ET | Jan. 26, 2015
Toyota will change the way it pays factory workers, focusing on their performance rather than their seniority, the Nikkei reported on Monday.... Read More »

 

Audi to recall 80,000 vehicles; China hit hardest

Jan. 26, 2015 12:23 CET
Audi says it will recall 80,000 vehicles globally due to fuel-injection issues, adding that about 35,000 are from China. The cars, which were made between April 2011 and April 2012, include various A4, A5, A6, A7 and Q7 models, Chinese authorities said.... Read More »

 

VW reaches pact with China dealers

Jan. 26, 2015 11:24 CET
VW says it has reached an agreement with its dealers in China and pledged to continue setting reasonable sales targets to ensure a financially sound distribution network as demand in the world's biggest auto market slows.... Read More »

 

YANG JIANG

China dealers fight back as stock piles up

12:01 am U.S. ET | Jan. 26, 2015
The China Automobile Dealers Association has been a weak and loose organization. Its main job was to produce an annual list of China's top 100 dealerships and to hold a few national conferences for dealers.... Read More »

 

Porsche recalls 13,500 Cayennes, Panameras to fix fuel-seal flaw

7:46 am U.S. ET | Jan. 24, 2015
Porsche is recalling about 13,500 vehicles worldwide to fix a seal that may allow fuel to evaporate.... Read More »

 

Entry-level Jeep Renegade should boost brand in subcompact market

12:01 am U.S. ET | Jan. 23, 2015
The Renegade subcompact SUV is Jeep's latest attempt at an entry-level vehicle. With prices starting at $18,990, including shipping, the first Italian-made Jeep should help the brand thrive in the competitive subcompact market.... Read More »

 

Honda axes Accord in Europe

Jan. 23, 2015 16:33 CET
Honda will end sales of the Accord midsize sedan in Europe after the car failed to make headway against German rivals.... Read More »

 

Kia's fourth-quarter profit drops 54% on ruble plunge

Jan. 23, 2015 11:31 CET
Kia posted a 54 percent fall in quarterly profit as a weakening ruble reduced income earned in Russia where Kia ranks No. 2 after Lada. Kia expects sales in the market to fall 12 percent this year, because the ruble's decline could force further price rises, denting demand.... Read More »

 

GM sees Europe turnaround on track even if local economy isn't

Jan. 23, 2015 10:34 CET
General Motors' efforts to restore European operations to profitability are on track even as the region's economy fails to revive, GM President Dan Ammann said. However, Russia is big "wild card," he said.... Read More »

 

UK 2014 car production rises to highest since 2007

Jan. 23, 2015 09:48 CET
UK car production rose to its highest level since 2007 last year, up 1 percent to 1.53 million cars. The UK is a major center for manufacturers such as Jaguar Land Rover, BMW, Nissan, Honda, Toyota and GM.... Read More »

 

Ghosn lifts European car market forecast on eurozone stimulus plan

Jan. 22, 2015 22:41 CET
Renault CEO Carlos Ghosn upgraded his European car market growth forecast after the European Central Bank unveiled a bond purchase program to boost the continent's flagging economy. Ghosn now expects Europe's auto market to grow by at least 2 percent in 2015.... Read More »

 

Toyota may lose global sales lead to VW without new China strategy

Jan. 22, 2015 11:11 CET
Toyota remained the best-selling automaker worldwide in 2014 ahead of VW and GM, but the company may lose the sales crown this year as it falls behind in China, where rivals are expanding fast.... Read More »

 

Chinese aerospace firm pursues acquisition of U.S. supplier Henniges, report says

6:34 am U.S. ET | Jan. 22, 2015
AVIC, China's biggest aerospace company, is among bidders pursuing an acquisition of US auto supplier Henniges Automotive Holdings, people with knowledge of the matter told Bloomberg. AVIC could pay $1 billion for the acquisition, Bloomberg reported.... Read More »

 

Kia needs India plant to offset slowing sales in Russia and China, report says

Jan. 22, 2015 12:10 CET
Kia needs to set up a factory in India to tap growth in the fast-growing market and offset slowing sales in Russia and China, a Korean newspaper reported the automaker's CEO as saying. India may become the world's No. 3 auto market by next year.... Read More »

 

Toyota supplier weighs raising airbag capacity as demand climbs

9:35 am U.S. ET | Jan. 21, 2015
Toyoda Gosei, a supplier part-owned by Toyota, is considering increasing its capacity for making airbags to cater to expanding global demand for the safety devices.... Read More »

 

Daimler will invest more in Hungary to boost compact car output

Jan. 20, 2015 13:32 CET
Daimler will boost compact car output at its Mercedes-Benz factory in Hungary after the automaker launched production of a new model, the CLA Shooting Brake. The automaker has seen strong demand for its compact lineup, which grew 25 percent last year.... Read More »

 

Daimler offers 'currency rebate' on Mercedes, Smart cars in Switzerland

Jan. 20, 2015 13:26 CET
Daimler is cutting Mercedes and Smart car prices in Switzerland after the central bank's surprise abandonment of a minimum exchange rate caused the franc to surge versus the euro.... Read More »

 

Toyota, Honda in talks to put 6,000 fuel cell cars on road in Tokyo by 2020 Olympics

6:19 am U.S. ET | Jan. 20, 2015
Japan's capital will build 35 stations to fuel hydrogen-based fuel cell vehicles and is in negotiations with Toyota Motor Corp. and Honda Motor Co. to put 6,000 hydrogen cars on its roads by 2020.... Read More »

 

Japan's Daicel to lift inflator output after Takata recalls

8:48 pm U.S. ET | Jan. 19, 2015
Japan's Daicel said it would boost production of airbag inflators to meet demand for the component at the heart of rival Takata's quality problems, which have led to the recall of more than 24 million vehicles worldwide since 2008.... Read More »

 

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