Automotive News Europe News Feed http://europe.autonews.com News, blogs and commentary from the leader in European automotive news en-us Thu, 27 Nov 2014 06:00:00 EST India may extend tax breaks for carmakers beyond 2014, report saysThu, 27 Nov 2014 05:08:19 ESTIndia may extend excise duty concessions for carmakers beyond Dec. 31, a finance ministry source said, as the industry continues to struggle with sluggish demand due to high interest rates. Delphi's Korean partner complicating sale of thermal unitThu, 27 Nov 2014 00:01:00 ESTDelphi's sale of its air conditioning business is being complicated by potential problems with one of its South Korean joint venture partners, sources said. France's Valeo, Germany's Mahle and Japan's Denso are interested in the unit. Ferrari spinoff to reduce Fiat Chrysler debt by $894 millionThu, 27 Nov 2014 00:01:00 ESTFiat Chrysler Automobiles expects its net industrial debt to drop by about $894 million because of its planned Ferrari spinoff, a U.S. regulatory filing showed. Opel is succeeding in restoring poor image, exec saysThu, 27 Nov 2014 00:01:00 ESTOpel is succeeding in turning around its tattered image in Germany, the brand's marketing chief Tina Mueller said. Fuel cell vehicles: The only cars with potable exhaust?Thu, 27 Nov 2014 00:01:00 ESTToyota is pitching the Mirai hydrogen fuel cell car as a godsend for the planet. Heat and water are its only byproducts, not climate-altering carbon dioxide. But just how clean is that exhaust water vapor? Wilbur Ross steps down as chairman of IAC to take bank board spotThu, 27 Nov 2014 00:01:00 ESTWilbur Ross, the billionaire turnaround artist who launched International Components Group in 2006, is stepping down as IAC's board chairman to take a senior position at the Bank of Cyprus. Retired Ford exec Mascarenas joins ON Semiconductor's boardThu, 27 Nov 2014 00:01:00 ESTRetired Ford executive Paul Mascarenas has joined ON Semiconductor's board of directors. Mascarenas, 53, also joined the semiconductor supplier's science and technology committee, the company said Thursday. Toyota's fuel cell goal: Big cost cuttingThu, 27 Nov 2014 00:01:00 ESTToyota's top fuel cell engineer predicts the automaker will slash the cost of the next hydrogen-fueled powertrain to between one-third and one-fourth the cost of the current system. Fuel cell cars steal spotlightThu, 27 Nov 2014 00:01:00 ESTAutomakers are beginning to nudge the hydrogen fuel cell vehicle out of the illusion factory that is Southern California and into the broader conversation about the future of clean transportation. Mini to trim lineup to 5 'superhero' carsWed, 26 Nov 2014 09:04:21 ESTBMW Group has decided that Mini has gotten too big and will shrink the brand's lineup to five models from eight. CLA wagon joins Mercedes' hot-selling compact familyWed, 26 Nov 2014 03:54:14 ESTMercedes has released details on its new CLA Shooting Brake, the latest model to join the automaker's fast-growing, hot-selling compact lineup. Mercedes says that compacts accounted for nearly a third of its global sales through October. Magna, Haartz team up on Opel Cascada roofWed, 26 Nov 2014 05:26:51 ESTMagna International and Haartz Corp. teamed up to supply the new Opel Cascada's folding softtop roof. Haartz supplies an acoustically enhanced three-ply composite that offers enhanced sound deadening and insulation. Auto sector takes hit in Q3Wed, 26 Nov 2014 00:01:00 ESTAutomakers and suppliers were hit hard in the third quarter while car retailers continued to make gains, according to the Automotive News Europe/PwC shareholder value report. Michelin gains from homegrown distrust in ChinaWed, 26 Nov 2014 06:22:25 ESTEuropean sales of cheap Chinese tires are growing fast, but in China suppliers such as Michelin are winning customers who don't trust homegrown tire makers. Fiat Chrysler told by U.S. regulators to speed up Takata airbag recallWed, 26 Nov 2014 00:01:00 ESTU.S. regulators have told Fiat Chrysler to speed up its recall of airbags with faulty inflators. The NHTSA said the company should begin its recall of cars with Takata airbags Dec. 1, almost three weeks earlier than the company planned. Land Rover blasts Evoque look-alike from ChinaWed, 26 Nov 2014 00:01:00 ESTLand Rover plans to complain to Chinese officials about a close copy of its Evoque SUV that debuted at the Guangzhou auto show last week. Visteon confirms talks to sell stake in climate control JVWed, 26 Nov 2014 00:01:00 ESTVisteon, which counts on Europe for about a third of its sales, has confirmed that it's in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteon Climate Control. ZF CEO: We're not chasing 10-speedsWed, 26 Nov 2014 00:01:00 ESTZF will not follow rivals in pushing for 10-speed transmissions. The German supplier will stop at nine-speed transmissions, CEO Stefan Sommer says. BMW, Audi lead shift from mass-market to luxury car output in MexicoTue, 25 Nov 2014 05:40:57 ESTMexico's relationship with German car production began nearly 50 years ago with output of VW's mass-market Beetle. Now it's becoming a place where luxury BMW, Audi and Mercedes cars roll out of billion-dollar factories. Opel unions upset over output plans for Karl, Corsa, report saysTue, 25 Nov 2014 00:15:00 ESTOpel faces labor unrest in Germany over production plans for the Corsa and Karl small cars, a business magazine reported. Workers think the Karl should be made in Germany rather than Korea and fear future Corsa output will be cut from Germany. PSA launches 4th Chinese-built SUVTue, 25 Nov 2014 04:48:24 ESTPSA has launched its fourth Chinese-built SUV, the Citroen C3-XR, in the world's biggest auto market. PSA's other locally produced SUVs are the Peugeot 2008, Peugeot 3008 and DS6. Daimler appoints journalist to ethics boardTue, 25 Nov 2014 00:01:00 ESTDaimler has appointed the former editor-in-chief of the German news agency dpa, Wilm Herlyn, as a member of its advisory board for integrity and corporate responsibility. The board is tasked with examining ethics issues at the automaker. GM's savvy new face to suppliersTue, 25 Nov 2014 00:01:00 ESTNew GM global purchasing boss Steve Kiefer takes over at a critical time. Suppliers complain that GM's executives and its buyers often aren't aligned. One of Kiefer's challenges is to drive the supplier-relations message from top to bottom. Hyundai-Kia to sell record 8 million vehicles in 2014Mon, 24 Nov 2014 06:22:43 ESTHyundai and Kia said better-than-expected sales in Brazil, China and India will help them sell a record 8 million vehicles this year. In Europe, Hyundai expects to see a sales recovery driven by its new i20. Ford's Farley sees Europe as a lab for learningMon, 24 Nov 2014 00:01:00 ESTWhen Jim Farley started his first tour of duty in Europe in 1997, he had a lot to learn. Now he's going back to run Ford's European unit. "I got my PhD in small cars walking through parking lots," in Europe, he says. 2015 Rising Star nominations soughtMon, 24 Nov 2014 00:01:00 ESTAutomotive News Europe needs your help to identify the Rising Stars in the European automotive industry. The award honors executives with a pan-European profile who have driven change, fostered innovation and made courageous decisions. Tesla, BMW discuss batteries, carbon parts, Musk saysSun, 23 Nov 2014 11:32:21 ESTTesla Motors is in talks with BMW over a possible alliance in battery technology and lightweight components, Tesla CEO Elon Musk told a German magazine. BMW, Mercedes gain in once-impregnable KoreaSun, 23 Nov 2014 00:01:00 ESTSouth Korea's car imports have leapt from 3 percent of sales a decade ago to 14 percent today as foreign brands led by Germany's BMW and Mercedes take advantage of a free trade deal to grow sales in a once-impregnable market. SGL sees rising interest in carbon fiber partsSun, 23 Nov 2014 14:25:36 ESTSGL Group, the materials supplier for carbon fiber reinforced parts in BMW's electric cars, is in talks with Audi, Porsche, GM and other carmakers to supply carbon fiber for a wider range of automotive components, its CEO said. VW on track to reach 2018 margin goal, report saysSun, 23 Nov 2014 14:41:18 ESTVW Group, which is cutting costs and overhauling its development and production, is on track to reach its goal of a pretax profit of 8 percent of sales by 2018, a German magazine reported. Continental mulls German factory closure Sun, 23 Nov 2014 14:58:47 ESTContinental is reviewing whether to close its factory in Gifhorn, Germany, which makes electric motors and hydraulic braking systems, because of a lack of customer orders. About 1,600 people work at the plant. VW will invest 86 billion euros chasing ToyotaFri, 21 Nov 2014 06:57:10 ESTVolkswagen will invest 85.6 billion euros ($106 billion) over the next five years on new vehicles, technology and factories as it tries to pass Toyota and become the world's largest automaker. Volkswagen raises the stakes in ChinaFri, 21 Nov 2014 09:22:39 ESTVolkswagen's investment plans for the next five years tell one story very clearly #8211; the company is becoming ever more dependent on growth in China in its bid to overtake Toyota as the world's No. 1 carmaker. German builder of crash-test facilities forms China unitFri, 21 Nov 2014 00:01:00 ESTMessring, a German manufacturer of crash-test facilities, has established a wholly owned Chinese subsidiary. The company has built 10 crash-test facilities in China over the past decade. Opel names new engineering chiefFri, 21 Nov 2014 04:25:03 ESTOpel named Charlie Klein as its new engineering chief, promoting the executive from his current post as the brand's chief engineer for light commercial vehicles. U.S. to be main market for Mercedes-AMG GTFri, 21 Nov 2014 00:01:00 ESTThe United States will be the biggest market for the new Mercedes-AMG GT and is expected to account for 25 percent of the car's worldwide volume. Suzuki plant in Hungary will return to double shifts ahead of Vitara launch, report saysFri, 21 Nov 2014 00:01:00 ESTSuzuki will return to two-shift production at its plant in Hungary as it prepares to launch the new Vitara subcompact crossover, a report said. Gestamp expects China to be its No. 3 market by 2015Fri, 21 Nov 2014 00:01:00 ESTGestamp, a Spanish supplier of metal auto parts, predicts that by 2015 China will become its third-largest market worldwide, after Germany and Spain. BMW may need to boost i8 output to cut waiting timeThu, 20 Nov 2014 12:26:01 ESTBMW may have to increase production of its i8 plug-in hybrid supercar to meet high demand. The waiting time of up to 18 months for the 120,000 euro coupe is too long, BMW sales chief Ian Robertson said. Alfa Romeo midsize sedan will be unveiled next JuneThu, 20 Nov 2014 04:04:04 ESTAlfa Romeo's new midsized sedan will be unveiled next June, according to sources. The sedan will be positioned in the market between the BMW 3 series and 5 series, sources said. Schaeffler posts 36% jump in Q3 profit on car demand rebound in EuropeThu, 20 Nov 2014 09:12:11 ESTSchaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired. GM shuffles top execs for quality, purchasing, powertrain Thu, 20 Nov 2014 16:14:11 ESTGM said Grace Lieblein will replace Alicia Boler-Davis as head of global quality as the company caps a year of record recalls. Lieblein, currently head of purchasing, will be replaced by powertrain chief Steve Kiefer. GM approves Opel SUV and engine investments in Germany, PolandThu, 20 Nov 2014 10:22:13 ESTGM CEO Mary Barra said Opel will add a flagship SUV to its lineup. The model will launch by the end of the decade. GM will also invest more than 500,000 euros in the production of new engines and transmissions in Germany and Poland. BMW CEO to join Siemens supervisory board, report saysThu, 20 Nov 2014 09:46:28 ESTBMW CEO Norbert Reithofer will be nominated to join the supervisory board of German engineering company Siemens, German monthly Manager Magazin said, without citing sources. Mercedes presents Maybach S class as luxury executive cocoonThu, 20 Nov 2014 00:01:00 ESTMercedes's new Maybach version of its flagship S class is challenging Bentley and Rolls-Royce for supremacy among customers who enjoy a chauffeured car's back seat. TRW shareholders approve $13.5 billion takeover by ZFThu, 20 Nov 2014 07:21:24 ESTTRW Automotive shareholders today approved a $13.5 billion takeover offer by Germany's ZF Friedrichshafen, the companies said, paving the way for a new global automotive supply powerhouse to rival Robert Bosch. UK car production likely to miss full-year target on weak overseas demandThu, 20 Nov 2014 06:09:04 ESTUK car production is unlikely to hit a full-year goal of 1.59 million as demand from key western European markets and Russia continues to fall, the SMMT industry association said. Fiat expects new crossover to outsell 500 minicar in U.S.Thu, 20 Nov 2014 05:11:50 ESTFiat expects its Fiat 500X SUV to be even more popular in North America than its retro-styled 500 minicar as it appeals to customers seeking a larger car with the option of four-wheel drive. Volvo plots U.S. resurgence with model overhaulThu, 20 Nov 2014 00:01:00 ESTVolvo said an overhaul of its model range over the next five years would propel annual car-sales volumes in the U.S. back above 100,000 vehicles. The carmaker's U.S. deliveries fell 8 percent through October to 47,823. Lexus LF-C2 concept zeros in on younger buyersWed, 19 Nov 2014 16:50:14 ESTLexus took another step toward overcoming its midlife crisis with the unveiling of the LF-C2 convertible concept. It's a 'powerful, emotional car' created to appeal to younger customers, said Jeff Bracken, Lexus' general manager.%]