Automotive News Europe News Feed http://europe.autonews.com News, blogs and commentary from the leader in European automotive news en-us Wed, 26 Apr 2017 06:00:00 EST Fiat Chrysler Q3 profit rises on Europe rebound, Maserati surgeWed, 26 Apr 2017 08:38:28 ESTFiat Chrysler earnings rose 11 percent in the first quarter as the automaker shifted to building more profitable SUVs. In Europe, profit at the group's once-struggling operations almost doubled to 178 million euros. Hyundai's Q1 profit slides on China tension, U.S. recallWed, 26 Apr 2017 03:43:18 ESTHyundai posted a 21 percent fall in quarterly net profit, dragged down by a U.S. recall and sales declines in China stemming from political tensions. Daimler says U.S. diesel probes could result in penaltiesWed, 26 Apr 2017 03:32:21 ESTDaimler reiterated that recent steps by U.S. authorities to investigate diesel-emissions pollution and so-called auxiliary emission control devices could lead to significant penalties and vehicle recalls. Daimler raises earnings forecast on Mercedes profitWed, 26 Apr 2017 02:20:34 ESTDaimler raised its outlook for 2017 on surging profit from its Mercedes cars unit and improving commercial-vehicle operations. The return on sales for Mercedes rose to 9.8 percent in the first quarter. BMW uses fear factor to rally staff in move to EVsWed, 26 Apr 2017 05:16:51 ESTBMW has started putting staff through day-long events in Germany intended to warn them of the perils of not taking the electric-car revolution seriously. Grammer sees way clear to getting new strategic partner in China's NingboWed, 26 Apr 2017 07:28:06 ESTGerman supplier Grammer said a court had lifted the enforcement of a temporary injunction on the exercise of a convertible bond, allowing it to issue shares to strategic partner China's Ningbo Jifeng. PSA first-quarter revenue rose 5% on new models, higher pricingWed, 26 Apr 2017 01:53:50 ESTPSA's first-quarter revenue rose nearly 5 percent, boosted by new models such as the Citroen C3 and Peugeot 3008. The company said its joint vehicle programs with Opel would help to lift its second-half revenue. Google will begin testing autonomous cars in self-driving serviceTue, 25 Apr 2017 05:59:36 ESTAfter almost a decade of research, Google's autonomous car project is close to becoming a real service as it begins testing its vehicles with consumers. Germany opposes EU vehicle testing reformsTue, 25 Apr 2017 08:13:52 ESTGermany opposes key elements of an EU proposal to overhaul how vehicles are licensed and tested following the VW emissions scandal, Reuters reported. China to loosen JV ownership restrictions for foreign automakersTue, 25 Apr 2017 04:00:22 ESTChina plans to lift the cap on how much foreign automakers can own of their local joint ventures, opening the prospect of companies such as VW Group and GM owning all of their operations in the country. France's Bollore backs away from EV ambitionsTue, 25 Apr 2017 09:03:19 ESTVincent Bollore, the French billionaire who helped build Paris's auto-sharing network, is backing off on ambitions for his electric cars to compete with models from VW Group and Renault. Continental will increase investment in EV technologyTue, 25 Apr 2017 04:28:33 ESTContinental will invest an additional $326 million in electric-car technology as customers including VW Group and Ford raise their investment in electric and ultimately self-driving vehicles. China targets 35 million vehicle sales by 2025, NEVs to make up one-fifthTue, 25 Apr 2017 03:36:55 ESTChina is targeting 35 million vehicle sales by 2025 and wants new energy vehicles (NEVs) to make up at least one-fifth of the total. Automakers in the country are pushing into electric and plug-in hybrid cars to meet stringent new government quotas. Ghosn wants Mitsubishi to reform, rules out Nissan mergerTue, 25 Apr 2017 05:08:39 ESTNissan and Mitsubishi CEO Carlos Ghosn ruled out a full merger of the two automakers, but said he wants changes at the smaller company. French prosecutors open formal probe into PSA emissionsMon, 24 Apr 2017 13:32:45 ESTFrench prosecutors have opened a formal investigation into suspected emissions test-cheating by PSA. Three judges have been assigned to lead the investigation into alleged consumer fraud offenses. PSA strongly denied any wrongdoing. Tesla's Model 3 bet rides on risky assembly line strategyMon, 24 Apr 2017 04:27:22 ESTElon Musk took many risks with the technology in Tesla's cars on the way to surpassing Ford's market value. Now the CEO is pushing boundaries in the factory as he skips "beta" production testing in a bid to launch the Model 3 sedan quickly. How Volvo helped to electrify the London black cabMon, 24 Apr 2017 06:27:07 ESTVolvo helped to make London's iconic black taxis more environmentally friendly by supplying an electrified drivetrain to the UK company that builds the famous cabs. Audi's A8 self-driving tech depends on regulatory changesSun, 23 Apr 2017 00:01:00 ESTAudi's upcoming A8 flagship sedan is expected to be the first production car capable of Level 3 autonomous driving, but the feature will not be immediately available because governments must first pass new laws that provide legal certainty. Renault expects big benefits from its expanded allianceSun, 23 Apr 2017 00:01:00 ESTRenault sees big benefits working with Nissan and the two newest members of their alliance, AvtoVAZ and Mitsubishi. De Meo convinced VW that Seat needed a midsize SUVSat, 22 Apr 2017 00:01:00 ESTSeat CEO Luca De Meo pitched the case for a midsize SUV to VW Group by making the point that it would boost capacity utilization at VW's home plant in Wolfsburg, Germany. MG cars to be sold across Europe in 2019Sat, 22 Apr 2017 00:01:00 ESTChina's SAIC will begin sales of MG cars in mainland Europe starting at the end of 2019. MG's rollout will include the majority of European markets and will focus on SUVs and hatchbacks. EU to propose linking CO2 emissions for trucks, cars to road toll chargesFri, 21 Apr 2017 10:07:44 ESTThe European Commission will propose making cars, trucks, buses and vans pay higher road toll charges the more CO2 they emit as it seeks to cut road transport's carbon footprint, two EU officials said. AeroMobil readies flying car for delivery by 2020Fri, 21 Apr 2017 03:11:17 ESTSlovakia's AeroMobil has unveiled a flying car priced at up to $1.6 million. The company says the car can switch to flight mode in less than three minutes. It expects to begin deliveries by 2020. Fiat dealers in Italy protest after getting vehicles they did not orderFri, 21 Apr 2017 00:01:00 ESTFiat dealers in Italy have protested to the automaker after the company invoiced for about 6,000 new vehicles they did not order. Continental plans powertrain revamp, report saysFri, 21 Apr 2017 03:42:49 ESTContinental will announce plans to restructure its powertrain division within days, Reuters reported. The supplier is reviewing the unit after earnings failed to meet expectations. BMW expects China sales growth to be 10% this yearThu, 20 Apr 2017 06:59:38 ESTBMW expects sales in China to grow around 10 percent this year as pricing in the market remains stable. The automaker's sales rose 11 percent to 516,355 vehicles in China in 2016. Mercedes hints at new styling with sedan conceptThu, 20 Apr 2017 05:14:21 ESTMercedes said its Concept A Sedan hints at another model in its compact-car range. The concept also previews a new styling direction for the brand with fewer lines and more rounded surfaces, design chief Gorden Wagener said. Foreign automakers embrace China as EV development hubThu, 20 Apr 2017 04:25:24 ESTChina's crackdown on vehicle pollution will turn the country into a hub for cutting-edge electric-car technologies previously exported from Europe and the U.S., industry executives at the Shanghai auto show said. Ferrari, Aston Martin, Maserati sales soar in China as rich snub austerity pushThu, 20 Apr 2017 05:13:06 ESTSales of high-end sports cars from automakers including Ferrari, Aston Martin, Maserati and McLaren are soaring in China, despite a government crackdown on conspicuous consumption. BMW results lifted by HERE after Intel buys stakeThu, 20 Apr 2017 07:19:30 ESTBMW reported a 27 percent jump in quarterly pretax profit after an investment by chipmaker Intel drove up the value of its stake in mapping service HERE. BMW also cited higher contributions from its Chinese joint venture as a boost to its earnings. Apple maps update adds charging points for Tesla, Nissan EV ownersThu, 20 Apr 2017 03:16:12 ESTApple is expanding the capabilities of its maps app in Europe to help owners of EVs from Tesla, Nissan and other automakers to find charging stations. Improving its mapping products has become a key focal point for Apple in its battle with Google. China's luxury market to grow to 3M a year, Audi, Mercedes predictThu, 20 Apr 2017 03:44:03 ESTChina's premium market will grow to about three million cars a year, Audi and Mercedes executives predicted. Audi is China's best-selling luxury brand but is losing ground to Mercedes. Opel Grandland X set to take on VW TiguanWed, 19 Apr 2017 07:45:09 ESTOpel/Vauxhall unveiled the Grandland X, the automaker's latest model underpinned by a platform from its new parent, PSA Group. Audi electric sedan previews Jaguar I-Pace fighterWed, 19 Apr 2017 05:56:23 ESTAudi said it will launch a production version of the e-tron Sportback electric sedan, which debuted in Shanghai, in 2019. Volvo confirms China production for first EVWed, 19 Apr 2017 04:02:28 ESTVolvo confirmed it will build its first full-electric car in China and export it globally. The EV will launch in 2019 and will based on the compact modular architecture that Volvo co-developed with Lynk and CO. VW sees I.D. electric crossover as key to boosting EV salesWed, 19 Apr 2017 04:53:53 ESTVW's CROZZ concept previews a full-electric crossover that will be the third member of the brand's new family of purpose-built battery-powered vehicles. Lynk and CO picks Berlin for European sales launchWed, 19 Apr 2017 07:25:05 ESTChina's Zhejiang Geely Holding Group will launch Lynk and CO in Berlin and San Francisco in a bid to give the new marque a foothold in the key European and U.S. markets. FCA, Ford and Renault gain share as European sales rise 11%Wed, 19 Apr 2017 03:44:53 ESTEuropean sales rose 11 percent in March as automakers took advantage of a solid economy and more selling days to lure additional buyers. Porsche considers electric-car expansionWed, 19 Apr 2017 10:28:13 ESTPorsche may expand its lineup of electric-powered vehicles as the brand seeks to add power and adapt to Chinese emissions restrictions. Porsche sees the acceleration capabilities of electric motors reinforcing its cachet as a performance brand. MG Motor's EV coupe concept goes back to brand's sporty pastTue, 18 Apr 2017 07:15:10 ESTMG Motor, the UK brand once renowned for sports cars, has developed a sporty coupe that could go into production. PSA needs deeper cuts, SUVs to halt Chinese sales slideTue, 18 Apr 2017 14:59:38 ESTPSA needs more drastic cost cuts and new SUVs to reverse a slump in sales in China, CEO Carlos Tavares said. VW aims to meet tough China green car quotas with big EV pushTue, 18 Apr 2017 03:32:31 ESTVW Group aims to meet tough quotas in China for selling more green cars on its own and will not resort to purchasing credits from competitors. Citroen unveils rival to Renault Kadjar, Ford KugaTue, 18 Apr 2017 03:37:16 ESTAfter years of focusing on minivans, Citroen is jumping into the lucrative and growing SUV/crossover segment with the C5 Aircross, which will compete with models such as the Renault Kadjar and Ford Kuga. UK plans scrappage scheme for diesel cars, report saysTue, 18 Apr 2017 04:24:58 ESTUK Prime Minister Theresa May has asked officials to develop plans for a scrappage scheme for diesel cars as part of proposals to improve air quality, a British newspaper reported. Despite losing VW power battle, Piech's achievements are indisputableMon, 17 Apr 2017 00:01:00 ESTFerdinand Piech can look back at a lifetime of accomplishments that put Volkswagen Group on the path to becoming the world's largest automaker. Porsche uses 'soft sell' approach to win salesSun, 16 Apr 2017 00:01:00 ESTPorsche is expanding its global dealership network with a showroom format that abandons normal markers of corporate identity for a "soft sell" approach. The first store has just opened in Germany, with others to follow in China, the U.S. Europe's small SUV sales forecast to top 2 million next yearSat, 15 Apr 2017 00:01:00 ESTEurope's small SUV/crossover segment is forecast to continue its rapid growth as models from latecomers such as Volkswagen, Hyundai and Kia expand the sector above 2 million sales in 2018 and to 2.3 million by 2020. Volvo enters 10th decade on a record-breaking highFri, 14 Apr 2017 00:01:00 ESTAnders Gustafsson sees Volvo's 90th birthday from the most unique perspective of anyone on the company's executive management team. Seafood, safety synonymous with Volvo's first 90 yearsFri, 14 Apr 2017 00:01:00 ESTWhile Volvo celebrates the 90th anniversary of the arrival of its first model this month, the company's story actually started in August 1924 because of the founders' shared love of crayfish, according to the company archives. Citroen expands crossover offensive with C5 AircrossThu, 13 Apr 2017 03:58:04 ESTCitroen aims to capture more sales in the booming SUV/crossover segment in Europe and China with the C5 Aircross, which will go on sale in China in the second half and in Europe at the end of next year. %]