Automotive News Europe News Feed http://europe.autonews.com News, blogs and commentary from the leader in European automotive news en-us Tue, 28 Jul 2015 06:00:00 EST Jeep's hacking woes send warning to BMW, Audi and MercedesTue, 28 Jul 2015 04:55:56 ESTWhen friendly hackers landed a Fiat Chrysler Jeep in a ditch last week, it sent a warning to BMW, Audi and Mercedes as the premium automakers compete increasingly on technology rather than just horsepower. VW passes Toyota for global sales lead in first halfTue, 28 Jul 2015 02:26:09 ESTVolkswagen surpassed Toyota to become the biggest automaker by deliveries in the first half. VW benefited as car demand in Europe accelerated, softening the blow from a slowdown in China, its biggest market. Daimler in talks on truck partnership, Iran Khodro saysTue, 28 Jul 2015 06:01:32 ESTDaimler is exploring a partnership with Iran Khodro as it weighs a return to Iran's market for trucks, vans and buses, the Iranian automaker's CEO said. VW's MAN truck unit expects profit drop on restructuring costsTue, 28 Jul 2015 05:27:15 ESTVolkswagen Group's MAN truck unit expects costs to reorganize its European truck and bus unit will significantly lower operating profit this year, as a recession in Brazil also hits sales. Aston Martin looks at more than 10 sites for new factoryTue, 28 Jul 2015 00:01:00 ESTAston Martin is reviewing more than 10 sites in Europe, the U.S. and other global locations for a new factory to build its first crossover. Audi aims to raise flagging China sales with revamped A4Mon, 27 Jul 2015 07:43:51 ESTAudi hopes that a redesigned A4 sedan will help shore up its fortunes in China where the premium brand is grappling with a second consecutive month of falling sales in its No. 1 market. Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plantMon, 27 Jul 2015 02:42:06 ESTMitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia. Daimler will test self-driving trucks this year, report saysMon, 27 Jul 2015 05:23:56 ESTDaimler is planning to test self-driving trucks as early as this year, Wolfgang Bernhard, chief of the automaker's trucks business, told a German newspaper. Valeo raises profit forecast, shrugs off China slowdownMon, 27 Jul 2015 04:54:25 ESTValeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies. Renault seeks to buy stake in Iranian partner, report saysSat, 25 Jul 2015 03:13:10 ESTRenault is in talks to buy a minority stake in its Iranian joint venture partner, the Wall Street Journal cited an executive at the Iranian firm as saying. PSA plans to export Iran-made cars after nuclear dealFri, 24 Jul 2015 00:01:00 ESTPSA aims to export cars it produces in Iran with local partner Iran Khodro, as the French company looks to rebuild its business in the country following the diplomatic agreement last week ending sanctions over Iran's nuclear program. Opel names engineer to oversee qualityFri, 24 Jul 2015 00:01:00 ESTOpel named mechanical engineer Elvira Toelkes as its new head of quality in Europe. Toelkes will be tasked with continuing Opel's drive to improve customer satisfaction. Opel and sister brand Vauxhall had below average scores in J.D. Lamborghini shelves plug-in Asterion coupe in favor of Urus SUV, report saysFri, 24 Jul 2015 06:03:56 ESTLamborghini has put on hold a production plug-in hybrid Asterion coupe in favor of bringing the Urus SUV to market in 2018, a magazine reported, citing the automaker's CEO Stephan Winkelmann. Infiniti Q30 will be powered by Mercedes enginesFri, 24 Jul 2015 00:01:00 ESTInfiniti's Q30 compact car will be powered by two gasoline Mercedes engines, likely the 1.6-liter and 2.0-liter units used in the A-class compact car, a source said. Faurecia accelerates margin target as first-half earnings surgeFri, 24 Jul 2015 04:47:23 ESTFaurecia's first-half earnings surged 40 percent as sales growth outpaced auto-market expansion in Europe and North America. The supplier now plans to reach an operating margin of 4.5 percent to 5 percent in the second half rather than in 2016. Ferrari IPO filed in New York to raise funds for Fiat ChryslerThu, 23 Jul 2015 06:45:53 ESTFiat Chrysler Automobiles' plan to raise money for expansion by spinning off Ferrari took a step forward with the automaker filing the unit's initial public offering on the New York Stock Exchange. Zetsche says hacking concerns drive Mercedes bid for Nokia maps unitThu, 23 Jul 2015 06:17:03 ESTDaimler CEO Dieter Zetsche said a desire to have better control over data security is one of the reasons Mercedes is part of a German car-making consortium bidding for Nokia's high-definition mapping business. UK car production rose sharply in June as export demand surgesThu, 23 Jul 2015 03:30:02 ESTBritish car production rose sharply last month, helped by an upturn in the number of cars built for export and capping the strongest half-year performance since 2008. Daimler profit jumps 54% on Mercedes growthThu, 23 Jul 2015 01:39:05 ESTDaimler's second-quarter profit jumped 54 percent, the highest for any three-month period at the carmaker, as Mercedes outpaced rival luxury brands in China and new models boosted sales. Japanese automaker group says China market in 'downward spiral'Thu, 23 Jul 2015 06:34:46 ESTChina's vehicle market is showing signs of a "downward spiral" driven by excessive competition and overcapacity that will eventually hit Japanese carmakers, according to the chief of Japan's auto association. VW, Metzler sell LeasePlan for 3.7 billion eurosThu, 23 Jul 2015 03:42:05 ESTVolkswagen and German bank Metzler have sold financing company LeasePlan to a consortium of investors for 3.7 billion euros ($4 billion). Weak U.S., China sales hit Hyundai profitThu, 23 Jul 2015 01:54:06 ESTHyundai said its net profit slumped for the sixth quarter in a row, as weak sales in key markets including the U.S. and China and the won's strength continue to shackle the automaker. Profit fell 24 percent to $1.5 billion. VW is in advanced talks to sell LeasePlan, report saysWed, 22 Jul 2015 11:15:37 ESTVolkswagen is in advanced talks to sell its 50 percent stake in financing arm LeasePlan as the carmaker cuts costs and refocuses its business, Reuters reported. LeasePlan finances 1.42 million cars annually. Audi will replace its China chief amid sales declineWed, 22 Jul 2015 07:27:12 ESTAudi will replace the head of its Chinese operations, Dietmar Voggenreiter, as the carmaker grapples with an accelerating sales decline in its No. 1 market. New Aisin Seiki boss pressures supplier to competeWed, 22 Jul 2015 04:58:58 ESTA former Toyota executive, Yasumori Ihara, is telling Aisin Seiki, the carmaker's second-biggest supplier. to raise its game across its auto-parts businesses or risk falling behind. Opel aims Astra at 'user-chooser' company car drivers to boost profitTue, 21 Jul 2015 00:01:00 ESTOpel will target its new Astra at so-called "user-chooser" company car drivers in a bid to lift sales of the key model as it seeks to return to profitability. Corporate sales are growing in the brand's German home market. Nokia nears agreement with BMW, Audi, Mercedes on maps unit, report saysTue, 21 Jul 2015 06:55:32 ESTNokia is nearing an agreement to sell its maps business to BMW, Audi and Mercedes, with a decision possible as early as next week, sources said. Bugatti names former Bentley, Ferrari exec as marketing bossTue, 21 Jul 2015 00:01:00 ESTBugatti named Oliver Winkes as its new marketing chief. The VW Group veteran who started his career with Ferrari will be responsible for the supercar marque's marketing activities. VW will set up new truck business headquartersTue, 21 Jul 2015 06:14:02 ESTVolkswagen plans to set up its new truck business near its headquarters in Wolfsburg, Germany. The carmaker aims to build a heavy goods vehicle operation capable of taking on rivals Daimler and Volvo. Fiat Chrysler and Guangzhou Auto plan joint venture for sales in ChinaTue, 21 Jul 2015 04:41:27 ESTFiat Chrysler and Guangzhou Automobile will create a joint venture to integrate sales and marketing for the Fiat, Chrysler and Jeep brands in China. Faurecia explores sale of bumpers unit, report saysTue, 21 Jul 2015 04:26:28 ESTFaurecia is exploring a sale of its bumpers business, sources said, as the supplier seeks to free up resources to fund expansion in China. The unit may fetch as much as $450 million, the sources said Renault mulls Iran launch for Kwid crossoverMon, 20 Jul 2015 11:28:16 ESTRenault may sell its new Indian-built Kwid crossover in Iran in a bid to freshen its model lineup as it prepares to return to the market following a deal to lift economic sanctions. Audi will give aid to China dealers, report saysMon, 20 Jul 2015 05:19:46 ESTAudi will provide 1.2 billion yuan ($193 million) in financial aid to its dealers in China, according to sources, as demand for luxury vehicles slows in its largest market. Audi's China sales slipped 5.8 percent last month. Mercedes revamps its supply chain to trim costsSun, 19 Jul 2015 04:24:06 ESTMercedes aims to reduce its logistics costs by about 20 percent per vehicle as the automaker invests hundreds of millions of euros in a global reorganization of its supply chain network. Automakers vie for pole position in IranSat, 18 Jul 2015 00:01:00 ESTCarmakers are racing for Iran following the country's breakthrough nuclear deal with Western powers - pitting past market leader PSA/Peugeot-Citroen against challengers including Volkswagen and Renault. VW brand sales fall nearly 9% in June on China slowdownFri, 17 Jul 2015 14:03:39 ESTSales at Volkswagen's core division fell for an eighth time in nine months in June as slowing momentum in China and slumping demand in Latin America outweighed gains in Europe. Opel will shorten hours at two German plantsFri, 17 Jul 2015 11:29:55 ESTOpel will shorten working hours at two German plants after exiting the plunging Russian auto market and because of moderate demand in Europe. BMW will unveil redesigned, upgraded models in China as sales slowFri, 17 Jul 2015 06:56:35 ESTBMW will unveil a new 7-series sedan, an upgraded version of the 3 series and cheaper versions of the X5 and X6 SUVs in China this year. Land Rover Defender production to be extendedFri, 17 Jul 2015 04:43:55 ESTJaguar Land Rover could extend production of its current-generation Land Rover Defender in Solihull, England, into early next year as it mulls where to build the iconic SUV's successor. Nissan passes Toyota to become Europe's top-selling Asian brandFri, 17 Jul 2015 04:20:39 ESTNissan passed Toyota to become the top-selling Asian brand in Europe in the first six months as demand for the latest Qashqai compact crossover and growth in key markets such as the UK, France and Germany, helped the automaker gain market share. PSA exec foresees single regulation for diesel and gasoline emissionsFri, 17 Jul 2015 00:01:00 ESTPSA/Peugeot-Citroen's chief engineer for downsized gasoline engines foresees a day when there is a single regulation for diesel and gasoline emissions. VW explores return to Iran after nuclear sanctions liftThu, 16 Jul 2015 08:48:23 ESTVolkswagen has taken the first steps to entering Iran after the Islamic Republic's nuclear accord with the West pointed to an easing of economic sanctions that have prevented carmakers from doing business in the country. Magna will buy Getrag for $1.9 billion to expand in transmissionsThu, 16 Jul 2015 07:29:27 ESTMagna International, North America's biggest supplier, agreed to buy German manufacturer Getrag for 1.75 billion euros ($1.9 billion), gaining control of one of the largest independent producers of vehicle transmissions. European car sales rise 15% as recovery takes hold despite Greek crisisThu, 16 Jul 2015 02:32:27 ESTNew-car sales in Europe rose at the highest monthly rate in five and a half years in June as extra selling days in key markets, increased discounting and strong demand for mid-market brands and luxury cars pushed growth. Audi reviews China 2015 sales targetThu, 16 Jul 2015 04:57:13 ESTAudi is reviewing its 2015 target of selling 600,000 cars in China, the latest sign that a downturn in demand for passenger cars in the world's biggest car market is more severe than automakers expected. Nexteer helps make Opel Corsa's steering saferThu, 16 Jul 2015 00:01:00 ESTNexteer Automotive's column-assisted electric power steering system in the new Opel/Vauxhall Corsa is safer because of improvements to the steering column. Swedish supplier SKF sees demand falling as carmakers cut orders on ChinaThu, 16 Jul 2015 05:35:28 ESTSwedish supplier SKF predicts demand at its automotive unit will drop in the current quarter as clients see weakening orders from China. Jaguar Land Rover criticizes new UK tax aimed at expensive carsThu, 16 Jul 2015 00:01:00 ESTJaguar Land Rover said premium automakers will be unfairly penalized by a new UK vehicle tax scheme that is expected to hit sales of large SUVs and big sedans. Strike at Spanish seating supplier endsWed, 15 Jul 2015 08:53:26 ESTEmployees at a Spanish factory of seating supplier Johnson Controls today resumed work. Their strike had hit production at Volkswagen Group's Seat unit. Maserati sales will resume in IndiaWed, 15 Jul 2015 10:16:59 ESTFiat Chrysler will resume sales of its Maserati sports cars in India, nearly three years after troubles with its former partner forced it to leave the market.%]