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2014 PARIS AUTO SHOW

Toyota concept shows Europe-led design shift

Sept. 23, 2014 06:01 CET
Toyota turned to its styling center in southern France to create the “emphatic new design language” displayed on the C-HR crossover concept the automaker will display at the Paris auto show next week.... Read More »

 

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 »

 

GABE NELSON

Hyundai's hubris -- $10B land deal backfires

4:08 pm U.S. ET | Sept. 22, 2014
Chung Mong-Koo sought to imbue Hyundai with Gangnam style. Instead, Hyundai Motor Group’s $10 billion bid for a nearly 20-acre plot in Seoul’s prestigious Gangnam district backfired on the company that Chung has elevated into a global powerhouse.... Read More »

 

Hyundai directors kept in dark on size of $10 billion land bid, report says

10:56 am U.S. ET | Sept. 22, 2014
Hyundai Motor and two affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.... 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 »

 

VW seeks higher margins with China-only luxury sedan, sources say

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 »

 

Opel shakes up operations in Russia

12:01 am U.S. ET | Sept. 22, 2014
Opel will reduce output at its St. Petersburg plant to one shift, because of the Ukraine crisis. It will operate the plant a total of 16 days in the three-month period from August through October.... 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 »

 

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 »

 

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 »

 

7 Japanese supplier execs indicted in price-fixing scheme

4:09 pm U.S. ET | Sept. 18, 2014
A federal grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the Justice Department said today.... Read More »

 

Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property.... 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 »

 

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 »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Premium automakers push into profitable niche segments in H1

Sept. 17, 2014 06:30 CET
Premium automakers are progressively pushing volume rivals out of profit-rich niches such as coupes and convertibles. In the first half, 67 percent of all coupes sold in Europe were from premium brands, up from 55 percent in 2013.... 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 »

 

Mahindra said to be in talks to buy PSA's scooter unit

Sept. 16, 2014 16:32 CET
Indian SUV and tractor maker Mahindra & Mahindra is said to be in advanced talks to buy PSA/Peugeot-Citroen's scooter unit, after PSA CEO Carlos Tavares said the group was looking to offload the business.... Read More »

 

Penske expands engines, power business in Australia, Pacific

3:46 pm U.S. ET | Sept. 16, 2014
Penske Automotive Group today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets.... Read More »

 

Hyundai plans to build 2 more factories in China, not 1, reports say

7:17 am U.S. ET | Sept. 16, 2014
Hyundai Motor Co. plans to build two factories in China instead of one, two people familiar with the matter told Reuters today.... 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 »

 

Tesla shares tumble as bullish analyst raises cautions about growth

5:04 pm U.S. ET | Sept. 15, 2014
One of Tesla's strongest supporters on Wall Street issued a cautious report on the maker of luxury electric cars today, sending its shares skidding 9 percent on Monday. Tesla stock rebounded slightly on Tuesday, rising 2.7 percent.... Read More »

 

EU asks WTO to rule on dispute with Russia over van exports

Sept. 15, 2014 16:15 CET
The EU wants the World Trade Organization to rule on its dispute with Russia after Moscow imposed tariffs on vans imported from Germany and Italy. The EU said Russia is illegally protecting its own producers.... Read More »

 

U.S. Treasury chief warns China on antitrust probes of foreign companies

2:32 pm U.S. ET | Sept. 15, 2014
Treasury Secretary Jack Lew warned the Chinese government that a recent spate of antitrust investigations against foreign automakers and other companies could have serious implications for U.S.-China relations.... Read More »

 

Renault plans to build electric Fluence for Chinese brand

Sept. 15, 2014 14:55 CET
Renault plans to build its Fluence electric sedan in China for an unspecified local brand, CEO Carlos Ghosn said.... Read More »

 

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Calif. dealer champions chaplain services

Calif. dealer Bill Hoehn has something few retailers have: A full-time chaplain. The chaplain provides care and support for employees, is available 24/7 for crisis needs and even presides over weddings. Mon., September 22
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