Global

N.A., Takata, currency sway Japanese earnings

12:01 am U.S. ET | Feb. 8, 2016

Better business in North America helped Subaru, Mazda and Mitsubishi in the October-December quarter. But spiraling costs for the recalls of Takata airbags tempered earnings, and foreign exchange rates were a double-edged sword.... Read More »

Dual-sourcing dilemma hits Japan again

12:01 am U.S. ET | Feb. 8, 2016

Toyota is suspending production at all assembly lines in Japan because of an explosion at a steel plant. The six-day shutdown raises questions as to whether Toyota learned, as it claimed after Japan's 2011 earthquake, the value of dual sourcing all components.... Read More »

Q&A: FORD'S JIM FARLEY

Ford of Europe boss aims for steady profits

12:01 am U.S. ET | Feb. 8, 2016

Ford of Europe increased vehicle sales 11 percent to 1.3 million vehicles in its core markets and finished 2015 with its first operating profit in three years. Jim Farley, who started his second year as Ford of Europe president on Jan. 1, wants the division to be a consistent profit contributor to its U.S. parent.... Read More »

Q&A: OPEL'S KARL-THOMAS NEUMANN

At last, Opel sees breakeven on the horizon

12:01 am U.S. ET | Feb. 8, 2016

This year Opel expects to break even financially after more than a decade of losses, finally rewarding parent General Motors' huge investment in its European division. Karl-Thomas Neumann, who next month begins his fourth year as Opel CEO, says the automaker has beaten all internal targets since he arrived.... Read More »

REBOUND IN EUROPE

Ford, Opel find footing as carmakers will count more on the region

12:01 am U.S. ET | Feb. 8, 2016

Opel is confident this is the year that it will break even after more than a decade of losses. Ford of Europe, which after three years of losses returned to profit in 2015 with the help of an accounting change, expects to once again become the money-making machine it was from 2004 until 2011.... Read More »

NEWS ANALYSIS

Automakers survive EU politicians' backlash on emissions for now

Feb. 6, 2016 06:01 CET

Intense lobbying by Europe's car manufacturers helped to save a compromise that will let automakers exceed EU pollution targets for now, but the narrowness of their victory shows that politicians are running out of patience.... Read More »

Former Ferrari chief engineer returns to Fiat Chrysler

Feb. 5, 2016 11:53 CET

Fiat Chrysler has lured former Ferrari chief engineer Roberto Fedeli back from BMW as the automaker faces technical challenges that have delayed the Alfa Romeo Giulia and Maserati Levante launches. Fedeli will be chief technical officer for both Alfa and Maserati.... Read More »

Mahindra mulls Pininfarina-designed premium car

Feb. 5, 2016 14:41 CET

Mahindra has begun talks with Pininfarina, the Italian design house it agreed to buy in December, to build a premium car for the Indian market.... Read More »

Western European car sales rise 6% on Spain, Italy rebound

Feb. 5, 2016 06:01 CET

Western European car sales rose nearly 6 percent in January as the southern markets of Spain and Italy continued to lead demand with double-digit growth.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector ends 2015 on a high

Feb. 5, 2016 06:01 CET

The European auto industry ended last year with strong gains in shareholder value across the board at automakers, suppliers and retailers, according to the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices.... Read More »

PSA plans to cut 850 jobs at French factory, report says

Feb. 5, 2016 11:04 CET

PSA/Peugeot-Citroen plans to cut the night shift and 850 jobs at its Poissy factory near Paris to adapt to lower output levels as production of the Citroen C3 is moved to Slovakia next year, Reuters reported.... Read More »

Mazda says quarterly earnings ease on currency exchange impact

7:21 am U.S. ET | Feb. 4, 2016

Mazda reported a lower-than-expected operating profit for the third fiscal quarter largely due to a stronger yen against the euro and other currencies, and maintained its outlook for a slightly lower full-year profit.... Read More »

VW brand sales fall again in UK as market grows 3%

Feb. 4, 2016 11:06 CET

VW brand’s UK car sales fell 14 percent in January, the fourth consecutive monthly drop since the automaker admitted cheating in diesel emissions tests. Total new-car registrations rose nearly 3 percent, making it the market's best January since 2005.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales

Feb. 4, 2016 06:01 CET

Jeep, Smart and Jaguar were the biggest winners last year in Europe, where overall vehicle sales rose 9 percent, exceeding initial analyst expectations of 3 percent growth at most.... Read More »

Kia plans first sports sedan next year as it seeks younger, more hip image, report says

10:13 am U.S. ET | Feb. 3, 2016

Kia Motors plans to launch its first sports sedan next year, people familiar with the matter told Reuters, seeking to burnish a sporty, younger image as larger sibling Hyundai Motor builds up its premium offerings.... Read More »

Automakers win fight for diluted EU car-pollution test

Feb. 3, 2016 14:13 CET

Automakers won their fight for a diluted EU plan for testing NOx emissions of cars under real-driving conditions. The plan today cleared the final hurdle in the European Parliament, defying calls for more radical reform following Volkswagen's test-cheating scandal.... Read More »

Luxury car sales surge in Russia despite crisis

Feb. 3, 2016 16:34 CET

More and more Porsche, Bentley and Rolls-Royce cars are appearing on Russian roads as wealthy buyers take advantage of a weak ruble that means luxury cars are considerably cheaper in Russia than in the U.S.... Read More »

GM to launch first compact sedan in India as part of market share quest

6:30 am U.S. ET | Feb. 3, 2016

GM said it plans to build and sell its first compact sedan in India in 2017, entering the country's fastest-growing passenger car segment as part of efforts to double market share by the end of the decade.... Read More »

VW's sales in Germany slip amid diesel scandal

Feb. 3, 2016 08:30 CET

VW, Skoda and Seat sales fell last month in Germany in a market where total registrations rose 3.3 percent. VW brand sales declined by 8.6 percent in a sign that the automaker's diesel scandal may be deterring buyers.... Read More »

German gov't, automakers aim for deal by March to boost EV sales

Feb. 3, 2016 11:56 CET

Chancellor Angela Merkel's government is pushing for an agreement within the next month together with German automakers to boost electric car sales in the country as demand for EVs fails to take off in the market.... Read More »

Renault-Nissan plan cheap EV for China

Feb. 3, 2016 06:01 CET

Renault-Nissan will develop an affordable electric car for China because the alliance's current offering, the Nissan Leaf, is too expensive for the local market.... Read More »

Key Safety Systems to be acquired by Chinese conglomerate in $920 million deal

12:22 pm U.S. ET | Feb. 2, 2016

Airbag and seat belt supplier Key Safety Systems Inc. has agreed to be acquired by Chinese auto conglomerate Ningbo Joyson Electronic Corp. in a $920 million deal.... Read More »

Automakers' political power may sway EU pollution-test vote

Feb. 2, 2016 12:02 CET

A European plan to test cars' pollution levels under real driving conditions may survive a veto threat this week, signaling that the VW cheating scandal has done little to reduce the auto industry's political influence.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ford of Europe boss outlines plan to be a consistent profit maker

Feb. 2, 2016 06:01 CET

Ford of Europe President Jim Farley wants the division to be a consistent profit contributor to its U.S. parent. To do that, Farley wants the automaker to be selective on the segments where it competes, as he explained to Automotive News Europe.... Read More »

Growth in car sales in key European markets 'encouraging' in January

Feb. 2, 2016 11:28 CET

New-car sales increased in key European markets in January including 3 percent growth in Germany and double-digit rises in Italy and Spain.... Read More »

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