Automotive News Europe News Feed http://europe.autonews.com News, blogs and commentary from the leader in European automotive news en-us Tue, 21 Feb 2017 06:00:00 EST Audi fires 4 engineers from diesel divisionMon, 20 Feb 2017 08:40:34 ESTAudi, which has been caught up in parent VW Group's emissions-cheating scandal, has fired four engineers from its diesel division. The dismissed engineers include the automaker's engine development chief and a former head of emissions in the U.S. VW, unions make headway in talks over turnaround planMon, 20 Feb 2017 11:12:25 ESTVW's labor bosses and top executives are making headway in talks to resolve a dispute over the implementation of a turnaround plan. UK union fears grow over future of GM's Vauxhall plants, report saysMon, 20 Feb 2017 08:34:09 ESTPSA Group CEO Carlos Tavares will meet union chiefs amid growing concerns over the future of Vauxhall plants if the French automaker buys the business from GM, Reuters reported. China's Geely to bid for Lotus owner Proton, report saysMon, 20 Feb 2017 09:05:12 ESTChinese automaker Geely is expected to bid as early as this week for a strategic partnership with Malaysian carmaker Proton, owner of the UK sports-car maker Lotus, Reuters reported. Ford's big Russia gamble pays off as sales finally riseMon, 20 Feb 2017 04:06:01 ESTFord has become the first major foreign automaker in Russia to see sales grow after three bad years, potentially vindicating its decision to double down on a notoriously volatile market after rival GM decided to quit. VW Group sales rise 5% in January despite China, Brazil lossesMon, 20 Feb 2017 06:26:57 ESTVW Group's global vehicle sales rose 5 percent last month as growth in Europe and the U.S. helped offset steep declines in China and Brazil. PSA may vow to maintain Opel sites as CEO Tavares tours for supportSun, 19 Feb 2017 08:15:53 ESTPSA CEO Carlos Tavares will meet with UK Prime Minster Theresa May, as well as French officials, this week to discuss the potential purchase of GM's Opel and Vauxhall brands. PSA's Tavares will meet British PM about planned Vauxhall takeoverSat, 18 Feb 2017 08:08:27 ESTPSA Group CEO Carlos Tavares will meet British Prime Minister Theresa May to discuss the automaker's planned acquisition of Opel and Vauxhall. Nissan gives Micra a diesel to better battle VW Polo, Ford FiestaSat, 18 Feb 2017 00:01:00 ESTDespite falling demand for diesels, Nissan decided to offer the powertrain in its new Micra in Europe. Nissan's head of planning, Philippe Klein, explained why in an interview with Automotive News Europe. Opel CEO sees PSA takeover as creating 'European champion,' paper saysFri, 17 Feb 2017 11:11:23 ESTA takeover of GM's European arm, Opel, by PSA would make sense from an industrial point of view, a German newspaper reported, citing comments by Opel CEO Karl-Thomas Neumann in a letter to employees. GM, PSA said to value Opel at $2 billion as talks advanceFri, 17 Feb 2017 12:42:12 ESTGM and PSA are discussing a valuation for GM's Opel unit of about $2 billion as the automakers push to reach an agreement as soon as the end of next week, sources told Bloomberg. PSA's bid for Opel offers chance to thrive in tough EuropeFri, 17 Feb 2017 09:06:41 ESTPSA's bid to create a European auto giant by acquiring GM's European unit may be the best chance Peugeot, Citroen and Opel have to thrive as high-volume, low-margin manufacturers. PSA will be allowed to license GM's EV technology, report saysFri, 17 Feb 2017 06:36:16 ESTGeneral Motors will make its electric-car technology available to PSA if a deal to sell GM's Opel/Vauxhall business to the French automaker goes through, a German magazine reported. Kia steps up product offensive in EuropeFri, 17 Feb 2017 00:01:00 ESTKia is stepping up its product offensive in Europe with the launches of new models such as a small SUV, a sporty sedan and replacements for its Rio and Picanto cars. PSA wishes to build on Vauxhall's success, UK gov't saysFri, 17 Feb 2017 03:22:48 ESTPSA has told the UK government it would seek to build on the strengths of the Vauxhall business if the company buys it. France pledges daily contacts with UK, Germany on PSA-Opel dealFri, 17 Feb 2017 06:15:38 ESTFrance says it will evaluate the proposed sale of General Motors' Opel division to PSA in close daily consultation with the German and UK governments after saying it too learned of the announcement in the press. Vauxhall future uncertain after GM-PSA deal and Brexit voteFri, 17 Feb 2017 04:56:53 ESTLess than 12 months after the UK's vote to leave the EU, Vauxhall's future is uncertain as GM mulls the sale of its European arm to PSA -- a move that may have been triggered by the Brexit vote. Audi China dealers demand $4 billion to cover sales lossesFri, 17 Feb 2017 05:37:56 ESTAudi dealers in China are demanding 28 billion yuan ($4 billion) to cover losses over the past three years that they blame on the automaker adding too many distributors, potentially worsening a sales decline that saw BMW and Mercedes overtake the... Hyundai gives i30 a tech boostFri, 17 Feb 2017 00:01:00 ESTThe Hyundai i30's success has been important in boosting the brand's European growth in the past 10 years and to improve the hatchback's competitiveness in the compact segment, the automaker has added so many extras to the latest model that it... Ferrari will unveil fastest series car Thu, 16 Feb 2017 08:26:05 ESTFerrari will debut the 812 Superfast, its most powerful series production car to date. Germany expects PSA-Opel deal to go throughThu, 16 Feb 2017 12:27:30 ESTGermany expects PSA Group's proposed acquisition of GM's Opel/Vauxhall business to go ahead. Politicians welcomed the creation of a potential "European champion." GM tries to reassure UK, Germany over PSA-Opel talksThu, 16 Feb 2017 12:43:27 ESTGM played down the possibility of large-scale factory closures in Germany and Britain following any deal to sell its European brands to PSA, according to officials in both countries. GM will not "rationalize" Vauxhall plants, UK minister saysThu, 16 Feb 2017 10:11:55 ESTBritish business minister Greg Clark said he had been reassured by GM that the automaker did not intend to "rationalize" its Vauxhall operations. Clark made the comments after meeting with GM to discuss its plan to sell Opel/Vauxhall to PSA Group. PSA intends to keep Opel as a German brand, reports sayThu, 16 Feb 2017 03:22:09 ESTPSA Group CEO Carlos Tavares intends to keep Opel as a German company if the French automaker acquires the brand from GM, reports said. Tavares also is open to maintaining Opel's current management structure, the reports said. VW said to reduce Passat output in Germany due to parts shortageThu, 16 Feb 2017 06:06:49 ESTVW has been forced to reduce production of Passat cars at its Emden plant in Germany because of a shortage of components caused by a fire at one of its suppliers, a report said. Hyundai, Kia launch captive finance arm in GermanyThu, 16 Feb 2017 00:01:00 ESTHyundai and Kia plan to support their new-car sales in Europe by launching a captive financial services business, breaking away from partner Santander and starting with the foundation of a bank in Germany. Aston Martin expects return to profitability in 2018Thu, 16 Feb 2017 04:38:27 ESTAston Martin CEO Andy Palmer expects a return to profitability in 2018 as the money-losing automaker invests heavily to update existing models and develop several new vehicles through 2019. PSA buys Ambassador nameplate to win in IndiaThu, 16 Feb 2017 04:56:34 ESTPSA has bought the rights to the Ambassador nameplate as part of its plan to return to India after a 20-year absence and win over local car buyers who are unfamiliar with the Peugeot marque. Opel, PSA lag rivals as Europe sales rise 10% in JanuaryThu, 16 Feb 2017 03:45:40 ESTOpel and PSA posted weaker European sales in January than their rivals amid discussions of a possible purchase of the GM unit by the French automaker. GM, PSA bosses defend Opel deal under political fireWed, 15 Feb 2017 07:36:58 ESTGM and PSA mobilized their CEOs to defend PSA's planned acquisition of GM's Opel against a German-led backlash that could derail the deal even before its terms are finalized. Opel CEO mulls making the automaker into a pure electric brand, report saysWed, 15 Feb 2017 06:02:36 ESTOpel CEO Karl-Thomas Neumann has been working on a strategy to turn the automaker into an electric car only brand in parallel to parent GM discussing a potential sale of the division to PSA, a German business magazine reported, citing company... Barra says PSA-Opel deal would benefit both companiesWed, 15 Feb 2017 05:24:04 ESTGeneral Motors CEO Mary Barra told employees that combining GM's Opel and Vauxhall business with PSA's brands would be beneficial for both companies PSA's Tavares shifts to expansion mode with eye on Opel dealWed, 15 Feb 2017 02:19:36 ESTThe auto racer leading PSA, Carlos Tavares, is entering the passing lane. If Tavares succeeds in acquiring GM's Opel/Vauxhall operations, he would emerge from the shadow of the better-known Carlos in the car industry, Renault-Nissan CEO Carlos Ghosn. UK plants at risk if GM offloads VauxhallWed, 15 Feb 2017 04:01:41 ESTGM's potential sale of its Opel/Vauxhall operations to PSA has led to fears that the automaker's two UK factories may be shuttered. GM builds the Astra compact car and light commercial vans in England. PSA's plan to acquire Opel hits potential German hurdleTue, 14 Feb 2017 12:25:05 ESTPSA's proposal to buy Opel ran into a potential hurdle in Germany, with politicians and labor leaders vowing to protect jobs and the unit's manufacturing footprint in the country. However France voiced support for PSA's plan. Tata Motors posts 96% profit plunge as Land Rover sales declineTue, 14 Feb 2017 10:49:24 ESTTata Motors has reported a 96 percent fall in net profit for its third quarter, citing sharply lower earnings at its Jaguar Land Rover unit and losses in its domestic business. GM looks to sell European unit to PSA seven years after aborted dealTue, 14 Feb 2017 06:04:15 ESTGM and PSA said they are discussing a potential sale of Opel to PSA. GM had a deal to unload its money-losing European division in 2009 before backing out at the last minute, saying its prospects there had improved. Daimler strikes EV agreement with workers at German plantTue, 14 Feb 2017 08:23:01 ESTDaimler has struck an agreement with workers at Mercedes's biggest transmission factory in Germany, under which work on electric vehicles will be based at the plant. Grammer looks to counter Hastor family with stake sale to China's Ningbo Tue, 14 Feb 2017 05:07:27 ESTGerman automotive interiors maker Grammer plans to sell a stake to China's Ningbo as the supplier looks to counter activist shareholders, the Hastor family. EU clears German plan for EV charging networkTue, 14 Feb 2017 06:03:14 ESTThe European Commission approved German plans for an EV charging network. The plan will require that the electricity comes from renewable energy sources, with contracts awarded through an open tender process. Zetsche's Daimler pay drops 21% in 2016Tue, 14 Feb 2017 08:10:06 ESTDaimler CEO Dieter Zetsche's total pay including bonuses dropped 21 percent to $8 million last year. Daimler invests in U.S. vehicle finance appTue, 14 Feb 2017 05:42:57 ESTDaimler is investing a double-digit million-euro amount into AutoGravity, a smartphone-based U.S. vehicle leasing and financing app as part of a broader push by the carmaker to build a digital platform for financial services. Daimler to focus on electric Smart cars in U.S., CanadaTue, 14 Feb 2017 04:06:08 ESTDaimler will stop selling combustion engine Smart cars in the U.S. and Canada and focus the brand on electric vehicles in the two markets. Nissan, BMW, Porsche face fuel economy probes in S. KoreaTue, 14 Feb 2017 04:38:46 ESTSouth Korea has filed a complaint against Nissan alleging the automaker manipulated the fuel economy test results of its Infiniti Q50. BMW and Porsche are also being investigated. Land Rover Defender's spirit to be revived by chemical companyTue, 14 Feb 2017 03:33:31 ESTJaguar Land Rover halted production of the original Land Rover Defender over a year ago, but now Ineos Group, a company better known for chemical production, is bankrolling an attempt at reviving the rugged model's heritage. Irish new-car sales fall in January as Brexit bitesMon, 13 Feb 2017 05:06:23 ESTNew-car sales in Ireland fell nearly 2 percent in January as the British pound's sharp decline after the Brexit vote caused a surge in used-car imports from the UK. PSA sees Trump's Iran stance boosting market leadMon, 13 Feb 2017 13:05:01 ESTPSA is pushing ahead with an Iranian plant investment and production ramp-up in the face of a hardened U.S. stance against Tehran under President Donald Trump. VW talks with union break down, leaving costs deal in limboMon, 13 Feb 2017 04:02:20 ESTVW Group's talks with unions over the implementation of its turnaround plan were broken off on Monday, leaving in limbo a deal on cost-cutting following the automaker's damaging diesel emissions scandal. VW CEO slams infighting as spat escalates over worker agreementMon, 13 Feb 2017 09:15:50 ESTVW Group CEO Matthias Mueller sought to calm nerves at the automaker as festering disputes with labor leaders and allegations from former Chairman Ferdinand Piech threatened to disrupt efforts to overcome its diesel-cheating scandal. Audi reaches two-year wage deal with Hungary workersMon, 13 Feb 2017 04:41:41 ESTAudi's Hungarian unit has reached an agreement with workers on wage rises for the next two years. Audi builds A3 and TT cars in Hungary.