Automotive News Europe News Feed http://europe.autonews.com News, blogs and commentary from the leader in European automotive news en-us Mon, 2 May 2016 06:00:00 EST Ferrari raises forecast after Q1 profit jumps 19%Mon, 2 May 2016 10:41:37 ESTFerrari said its net profit rose 19 percent to 78 million euros ($90 million) in the first quarter, its first as an independent company. VW could face worker protests if wage talks delayed, union warnsMon, 2 May 2016 10:38:17 ESTVolkswagen was warned by Germany's biggest trade union that it could face protests from workers if it sought to delay talks about wage rises for 120,000 staff who work for the carmaker in western Germany. Marchionne succeeds Felisa as Ferrari CEOMon, 2 May 2016 04:36:59 ESTFerrari has appointed Sergio Marchionne as CEO to replace Amedeo Felisa. The move leaves Marchionne clear to expand the luxury sports-car maker following its January spinoff from Fiat Chrysler. French car sales rise nearly 7% in AprilMon, 2 May 2016 06:12:20 ESTFrench new-car sales rose nearly 7 percent in April, boosted by strong gains at foreign automakers including Hyundai, Fiat and BMW. U.S. threatens to block easing of EU car exports in trade talks, reports sayMon, 2 May 2016 04:43:54 ESTThe U.S. is threatening to prevent the easing of export controls on European cars in talks on the Transatlantic Trade and Investment Partnership free trade deal, German media reported. Check out the ANE e-magazine for MayMon, 2 May 2016 00:01:00 ESTThe latest issue of the Automotive News Europe monthly e-magazine is ready to view. This month's edition looks at how CEO Carlos Tavares plans to turn PSA Group the world's most efficient carmaker. ANE BMW 100 supplement ready to viewMon, 2 May 2016 00:01:00 ESTThe Automotive News Europe BMW 100-year anniversary special edition is ready to view. This special edition highlights the people, events and models that made the automaker's the first 100 years so memorable. How PSA plans to become industry's 'most efficient' carmakerSun, 1 May 2016 00:01:00 ESTPSA Group CEO Carlos Tavares has named his latest strategy Push to Pass. The racing term seems appropriate as Tavares seeks to pass rivals to become the world's most efficient automaker. Mini boss sees risks and rewards from further expanding brandSat, 30 Apr 2016 00:01:00 ESTMini sales reached a record last year, but now the question is whether the BMW Group subsidiary can push volume even higher and what models it needs in its "superheroes" lineup to help achieve this? Peter Schwarzenbauer, the brand's chief, discussed... Renault defends Ghosn's $8 million pay amid shareholder revoltFri, 29 Apr 2016 12:27:41 ESTRenault's board stuck by its decision to pay Carlos Ghosn $8.2 million for 2015 in defiance of a non-binding shareholder vote against the CEO's package. VW offers a look inside the diesel scandal #8212; and it is not prettyFri, 29 Apr 2016 05:24:47 ESTBuried in VW's 400-page annual report are crucial details on the diesel-emissions scandal that investors can't afford to ignore. Fiat Chrysler and Google owner Alphabet near self-driving cars deal, reports sayFri, 29 Apr 2016 02:44:23 ESTFiat Chrysler and Google owner Alphabet are close to a deal on a technology partnership for self-driving cars, multiple reports said. Autoliv sees annual sales growth of 7% after robust Q1 earningsFri, 29 Apr 2016 06:43:51 ESTAutoliv, continuing to generate new business in the wake of the Takata airbag recall crisis, reported a bigger than expected rise in first-quarter earnings and raised its forecast for like-for-like sales this year while affirming its margin outlook. French probe highlights gap between real-world and lab test emissionsFri, 29 Apr 2016 04:47:50 ESTFrench officials found that some cars they tested had higher CO2 and NOx emissions on the road than in laboratory tests but discovered no "cheat" devices. Continental raises margin target after Q1 profit gainFri, 29 Apr 2016 04:19:54 ESTContinental raised its profit margin target for this year after stronger demand for tires and industrial components pushed first-quarter profit and sales higher. Suppliers to the new Skoda SuperbFri, 29 Apr 2016 00:01:00 ESTAssembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Czech Republic. Output is expected to peak at more than 75,000 units this year, according to IHS Automotive. ANE's May e-magazine goes live MondayFri, 29 Apr 2016 00:01:00 ESTThe latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, May 2. This month's edition looks at how CEO Carlos Tavares plans to turn PSA Group the world's most efficient carmaker. VW CEO eyes solid 2016 growth despite crisisThu, 28 Apr 2016 07:00:00 ESTVW Group has a chance to post solid growth in its operating business this year even as it grapples with its emissions-cheating scandal and a strategic repositioning, CEO Matthias Mueller said. Bosch set aside 650 million euros for legal costs in '15Thu, 28 Apr 2016 05:20:18 ESTBosch set aside 650 million euros in 2015 for potential legal costs, including for an investigation into the company's role in VW Group's emissions scandal. Bosch makes an engine management program used by automakers including VW. VW to pay top execs $72 million for 2015Thu, 28 Apr 2016 04:14:37 ESTVW Group said it plans to pay the 12 current and former members of its management board $71.8 million for 2015, a year when Europe's largest carmaker posted a record loss due to legal and compensation costs for cheating on emissions tests. VW eyes new partners; not talking with Google, AppleThu, 28 Apr 2016 04:47:28 ESTVW will open itself up to more partnerships and strategic investments to help generate a "substantial proportion" of its revenue from new business models, CEO Matthias Mueller said. VW will strengthen cooperation with Qatar, CEO says Thu, 28 Apr 2016 06:10:42 ESTVW Group will strengthen it cooperation with Qatar, the automaker's third-largest shareholder, CEO Matthias Mueller said, as Europe's biggest carmaker struggles to overcome its emissions-cheating scandal and reposition its business. VW brand stumbles to Q4 loss on emissions crisisThu, 28 Apr 2016 02:17:15 ESTVW Group's namesake car brand slumped to a loss in the fourth quarter as the automaker's emissions-cheating scandal tarnished its reputation and added costs to appease customers and dealers. Why the Porsche-Piech clan is not rushing in to fix VWWed, 27 Apr 2016 04:41:29 ESTThe Porsche-Piech clan, led by Wolfgang Porsche, that controls scandal-hit VW Group has the voting power to muscle through change at the automaker, but family members are not acting on it. Germany to offer 4,000 euro subsidy to boost EV salesWed, 27 Apr 2016 06:25:04 ESTGermany announced a plan today to invest about 1 billion euros ($1.13 billion) to promote electric cars, which will include subsidies of 4,000 euros ($4,524) for buyers of EVs and 3,000 euros for those choosing to purchase a plug-in hybrid. VW said to hire McKinsey to address diesel scandalWed, 27 Apr 2016 12:05:09 ESTVW Group has hired external advisers McKinsey and Co. to better react to the turmoil caused by its emissions cheating and help draft a strategy to move beyond the scandal, people familiar with the matter said. Mitsubishi COO denies he and CEO plan to step downWed, 27 Apr 2016 04:09:59 ESTMitsubishi Motors COO Tetsuro Aikawa today denied Japanese media reports that he and CEO Osamu Masuko plan to resign over the Japanese automaker's manipulation of fuel economy data. Bosch profit boosted by auto sensor technology salesWed, 27 Apr 2016 08:26:12 ESTRobert Bosch said revenue rose 44 percent to an all-time high of 70.6 billion euros last year helped by strong sales of vehicle technology, but cautioned momentum had slowed at the start of 2016. Bosch's auto unit boosted sales 12 percent to 41. Mazda sees operating profit falling 25% this fiscal yearWed, 27 Apr 2016 07:47:34 ESTMazda said it expects its operating profit to fall 25 percent in the current fiscal year because of a stronger yen and a slowdown in China and other emerging economies. PSA Q1 revenue falls as car sales decline in ChinaWed, 27 Apr 2016 03:36:04 ESTPSA's first-quarter revenue fell 1.4 percent as Europe's second-biggest carmaker struggled to increase sales outside its home market and contended with currency shifts. Sales amounted to 13 billion euros ($14.7 billion). Mitsubishi's existence at risk as fraud case widensWed, 27 Apr 2016 05:35:00 ESTFor the second time in about a decade, Mitsubishi faces a scandal that could affect the company's very existence after the automaker admitted to improperly testing the fuel economy of its cars over the past 25 years. Valeo sales rise 9% on intuitive driving systemsWed, 27 Apr 2016 04:44:23 ESTFrench supplier Valeo reported a 9.4 percent rise in first-quarter sales, lifted by demand for pricier content such as display screens, parking assistance and radar systems. Mercedes' sales surge may be too late to unseat Audi, BMW in ChinaTue, 26 Apr 2016 07:07:52 ESTThe sales surge that has put Mercedes within reach of the top spot in the global luxury-car market this year may be too little, too late to deliver leadership in China as rivals Audi and BMW re-stock their lineups to keep Mercedes at bay Fiat Chrysler Q1 profit surges on strong Jeep salesTue, 26 Apr 2016 07:22:35 ESTStrong global Jeep sales helped Fiat Chrysler post record first-quarter global earnings despite continued weakness in in Latin America and Asia. VW's diesel scandal should not affect workers' wage increase, union saysTue, 26 Apr 2016 09:19:20 ESTVolkswagen has no right to use the crisis over its emissions test cheating to deny workers a reasonable wage increase, the IG Metall union said, reiterating its call for a 5 percent pay hike for about 120,000 VW staff in western Germany. VW passes Toyota as production stoppages threaten 4-year sales reignTue, 26 Apr 2016 02:53:20 ESTVolkswagen pulled ahead of Toyota in global deliveries during the first quarter, a trend that could continue as a series of production stoppages threaten the Japanese automaker's four-year reign atop auto industry sales charts. Renault says Koleos completes upper-range renewalTue, 26 Apr 2016 03:36:28 ESTRenault said the renewal of its upper range will be complete following the introduction of its second-generation Koleos large SUV. Mitsubishi says fuel test misconduct dates back to 1991Tue, 26 Apr 2016 05:37:22 ESTMitsubishi said it has improperly tested the fuel economy of its cars for 25 years, deepening a crisis that has already wiped out half its market value. BMW will help Mini owners rent out their carsTue, 26 Apr 2016 05:55:31 ESTMini plans to help its customers turn idle downtime into cash by allowing them to rent out their cars when they are not using them. New Minis will soon be available with devices that track the vehicle and accept payments from renters. VW has not fixed a single diesel car in UK, minister saysTue, 26 Apr 2016 05:05:27 ESTVolkswagen has not fixed any of the 1.2 million cars in the UK affected by its diesel-emissions scandal, the British transport minister said, despite the company having said it had begun software modifications to some models. Japan to probe car-testing methods after Mitsubishi scandalTue, 26 Apr 2016 05:28:13 ESTJapan will set up a task force to look into measures to prevent irregularities in vehicle testing after Mitsubishi admitted it falsified fuel-economy data to get better ratings for some of its models. Hyundai first-quarter profit dips 12% on weakness in SUV segmentTue, 26 Apr 2016 04:04:14 ESTHyundai posted its ninth straight quarterly profit drop as it trailed rivals in tapping soaring demand for SUVs in China, its biggest market. Porsche gives new Cayman downsized turbo engineMon, 25 Apr 2016 07:25:44 ESTPorsche debuted the third generation of its mid-engine Cayman sports coupe at the Beijing show, unveiling a model with virtually the same performance specs as its Boxster roadster sibling, including a new 2. Automakers brace for tough scrutiny after VW emissions scandalMon, 25 Apr 2016 05:09:15 ESTAutomakers expect tougher regulations to limit tailpipe emissions after VW Group's diesel scandal. Daimler, Ford, Volvo and Jeep bosses said they foresee more scrutiny from governments. Citroen unveils new China flagshipMon, 25 Apr 2016 03:32:51 ESTCitroen hopes a new version of its C6 sedan will give the brand a boost in China, its biggest single market. VW brand chief Diess 'confident' of solving cost-cutting row with laborSun, 24 Apr 2016 14:29:23 ESTVolkswagen brand CEO Herbert Diess is confident that management and labor will solve a dispute over cost-cutting at the core autos division. Diess signaled his readiness to meet some worker demands. Toyota doubles down on hybrids despite China snubSun, 24 Apr 2016 18:19:43 ESTToyota, the dominant maker of gasoline-electric cars and light trucks, will push forward with its strategy to build and sell hybrid vehicles in China, in spite of the government's unwillingness to subsidize the technology. VW positive on China sales, plans more investmentsSun, 24 Apr 2016 04:43:00 ESTVW is optimistic that its positive sales trend from the two previous quarters will continue in China, the world's biggest auto market, its China chief Jochem Heizmann, said. Renault exec wonders if Google, Apple will lose interest in auto businessSun, 24 Apr 2016 00:01:00 ESTRenault Connected Car Director Thierry Viadieu is confident that his company will be in the car business a decade from now. He is less sure that will be the case for Google and Apple. He explained why to Automotive News Europe. Valeo CEO outlines how supplier will evolve to keep pace with megatrendsSat, 23 Apr 2016 00:01:00 ESTAutonomous driving, car-sharing and electric powertrains are currently some of the megatrends shaking up the car industry and forcing suppliers to evolve quickly to keep pace with developing technology, Valeo CEO, Jacques Aschenbroich, explained to...