Automotive News Europe News Feed http://europe.autonews.com News, blogs and commentary from the leader in European automotive news en-us Wed, 1 Apr 2015 06:00:00 EST Daimler predicts profit growth as Chinese want more luxury carsWed, 1 Apr 2015 04:49:37 ESTDaimler predicted higher profit this year, lifted by stronger demand in China, where first-time buyers often opt for an upscale car. The company targets a 9 percent return on sales after generating a margin of 7.8 percent in 2014. Fiat plant in Brazil will halt production due to slump in demandWed, 1 Apr 2015 03:45:06 ESTFiat Chrysler will halt production at a plant in Brazil due to lower demand and high stock levels. Fiat joins VW in cutting output as car sales slump in the country. PSA's Slovakia unit to boost output with new modelTue, 31 Mar 2015 09:29:15 ESTPSA/Peugeot-Citroen expects to raise annual capacity at its factory in Trnava, Slovakia, to more than 300,000 by 2017 with the production of a new Citroen model. Honda will make UK plant global production hub for the Civic, move CR-V output to CanadaTue, 31 Mar 2015 04:30:34 ESTHonda will upgrade its UK factory to turn it into a global production hub for the next-generation Civic compact car. The automaker will also transfer production of its European-market CR-V crossover from the UK to Canada. Hyundai names sales veteran Schmid as No. 2 in EuropeTue, 31 Mar 2015 05:21:06 ESTHyundai has promoted Thomas Schmid to chief operating officer in Europe. He succeeds Allan Rushforth, who quit the automaker last October to become Nissan's global sales chief. Hyundai aims to have autonomous driving tech on the road in 2020Tue, 31 Mar 2015 08:33:22 ESTHyundai said it aims to commercialize autonomous driving capabilities in some of its cars in 2020, as the automaker plays catch-up with carmakers such as Mercedes and General Motors in the increasingly competitive technology. Mercedes pickup will be built by Nissan, report saysTue, 31 Mar 2015 00:01:00 ESTDaimler declined to comment on a report that its first Mercedes pickup will be based on the Nissan Navara and built by the Japanese automaker. PSA CEO Tavares dampens talk of Fiat Chrysler merger Tue, 31 Mar 2015 05:48:10 ESTPSA/Peugeot-Citroen will only be ready for a possible merger after it has completed its recovery plan, CEO Carlos Tavares told a newspaper, dampening speculation of a potential tie-up with Fiat Chrysler. Faurecia forms joint venture with China's DongfengTue, 31 Mar 2015 05:26:12 ESTFaurecia has agreed to form a joint venture with Dongfeng Motor to help increase its presence in the world's biggest car market. Faurecia is majority-owned by PSA/Peugeot-Citroen. Dongfeng has a 14 percent stake in PSA. VW halts output for 3 weeks at Brazil plant, union saysMon, 30 Mar 2015 13:14:16 ESTVolkswagen has halted production at its second-largest factory in Brazil for three weeks, a local union said, as a steep decline in demand forces carmakers to manage excess capacity. ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investorsMon, 30 Mar 2015 03:14:19 ESTThe chairman of China National Chemical Corp. (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange. A counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy, he warned. Jaguar Land Rover names new global engineering chiefFri, 27 Mar 2015 11:11:14 ESTJaguar Land Rover named company veteran Nick Rogers as its new engineering director to succeed Wolfgang Ziebart. Mercedes plans to launch its first pickup by 2020Fri, 27 Mar 2015 07:40:14 ESTDaimler's Mercedes unit plans to launch its first pickup truck by 2020, targeting sales at the European, Latin American, Australian and South African markets. Valeo's self-driving systems learn from military dronesFri, 27 Mar 2015 11:55:59 ESTValeo plans to draw on drone software and other military technologies from partner Safran to offer self-driving vehicle platforms to carmakers by the end of the decade. Renault increases Zoe EV's range by 30kmFri, 27 Mar 2015 00:01:00 ESTRenault has extended the range of its battery powered Zoe subcompact hatchback by 30km to 240km (149 miles) to help boost sales. Dutch regulators raid Uber over court ruling complianceFri, 27 Mar 2015 05:41:22 ESTA Dutch regulatory agency raided the Amsterdam offices of ride-sharing service Uber in connection with its UberPOP unit after a court deemed it illegal in December. PSA picks France factory over Spain for engine production expansionFri, 27 Mar 2015 03:47:11 ESTPSA said it has chosen a French factory over a rival Spanish plant to expand engine production. PSA will upgrade its Tremery site to produce the turbocharged version of a three-cylinder engine already manufactured there. Ghosn's pay increase criticized by Renault unionFri, 27 Mar 2015 03:23:44 ESTRenault's biggest trade union, the CGT, criticized the automaker's proposal to more than double CEO Carlos Ghosn's 2014 pay package to 7.22 million euros ($7.85 million). PSA, Mitsubishi cuts jobs in Russia, halt output againFri, 27 Mar 2015 05:06:38 ESTPSA and Mitsubishi will halt production at their joint venture plant in Russia for the second time this year and cut 100 jobs. Pirelli CEO sees strong future with ChemChina, no talks on counterbidFri, 27 Mar 2015 06:07:19 ESTPirelli has a strong future with China National Chemical Corp. and is not talking to others about a possible counterbid, CEO Marco Tronchetti Provera said. Pininfarina investor confirms India's Mahindra is interested in buying Italian design companyThu, 26 Mar 2015 05:39:23 ESTPininfarina's controlling shareholder, Pincar, confirmed that India's Mahindra and Mahindra has expressed interest in buying the Italian car designer. Mahindra is one of heavily indebted Pininfarina's most important customers. German court dismisses hedge funds' suit against Porsche holding companyThu, 26 Mar 2015 10:21:10 ESTA German court has dismissed claims brought against Porsche SE by hedge funds seeking $1.3 billion in damages over its botched attempt to take over Volkswagen in 2008. Ford aims to triple exports from India with new plantThu, 26 Mar 2015 04:09:54 ESTFord has invested $1 billion in a new plant in India that will help the automaker triple exports from the country. The factory will build the EcoSport subcompact SUV, which Ford exports to Europe. McLaren aims 570S at high-end Porsche 911, Audi R8Thu, 26 Mar 2015 06:50:29 ESTMcLaren has named the first of its entry-level supercars the 570S. The V-8 powered coupe will compete against high-end versions of the Porsche 911 and Audi R8. Tesla sued in UK in fight over charging stations rolloutThu, 26 Mar 2015 05:06:03 ESTTesla was sued in London in a dispute over whether the company interfered with a competitor's plan to rollout electric-car chargers at UK highway rest stops. Schaeffler's 2014 profit rises by more than halfThu, 26 Mar 2015 07:09:53 ESTGerman part supplier Schaeffler said its operating profit jumped by more than 50 percent to 1.52 billion euros ($1.67 billion) in 2014 because of robust demand for cars in U.S. and China. Its operating margin climbed to 12.6 percent in 2014 from 9. Delphi employees killed in France plane crash Wed, 25 Mar 2015 06:26:24 ESTTwo Spain-based Delphi employees were among the 150 victims of a plane crash in a remote part of the French Alps. The employees were traveling to a meeting in Germany. Tata plans to raise $1.2 billion to help fund Jaguar Land Rover expansionWed, 25 Mar 2015 11:52:33 ESTTata Motors plans to raise as much as $1.2 billion in a rights offer to help fund investments at its Tata and Jaguar Land Rover brands. Automakers race to double the driving range of affordable electric carsWed, 25 Mar 2015 06:06:57 ESTAutomakers are readying a new generation of mass-market electric cars with more than double the driving range of today's Nissan Leaf, betting that breakthroughs by battery suppliers will increase demand and help them compete better with Tesla. Former GM Europe chief Forster will lead UK taxi builderWed, 25 Mar 2015 00:01:00 ESTAuto industry veteran Carl-Peter Forster, who once headed GM Europe and Tata Motors, is new board chairman at London Taxi Company, which builds the UK's iconic black cabs. Renault seeks fresh start with single model to replace Laguna and Latitude midsize carsWed, 25 Mar 2015 05:33:14 ESTRenault will replace its slow-selling Laguna and Latitude midsize cars in Europe later this year with a single model in a bid to get a fresh start against rivals such as the Volkswagen Passat and Peugeot 508. Volvo appoints Europe boss as part of global reorganizationTue, 24 Mar 2015 05:43:50 ESTVolvo named Anders Gustafsson as head of Europe, Middle East and Africa, one of three global business regions that also include new divisions for the Americas and Asia. Jaguar unveils new XF; touts sedan's good looks, fuel efficiencyTue, 24 Mar 2015 11:09:15 ESTJaguar says its new XF sedan has taken a big leap in levels of refinement, low weight and fuel efficiency. The brand unveiled the second generation of its best-seller with a high-wire stunt drive in London. Renault reinforces quality oversight Tue, 24 Mar 2015 06:09:45 ESTRenault aims to improve its quality and customer satisfaction ratings by moving its Americas chief, Denis Barbier, to a new role overseeing those two areas. Mercedes begins output of GLA engines in ChinaTue, 24 Mar 2015 06:28:12 ESTMercedes has added production of engines for the GLA compact crossover at its powertrain plant in Beijing. Mercedes plant has highest per-hour labor cost in U.S.; VW and BMW pay leastTue, 24 Mar 2015 04:42:32 ESTWorkers at Daimler's Mercedes-Benz plant in Vance, Alabama, have the highest hourly pay among employees at U.S. car factories while Volkswagen and BMW workers earn the least, a study shows. BMW CEO sees EV initiatives helping i3 sales in key marketsTue, 24 Mar 2015 00:01:00 ESTBMW CEO Norbert Reithofer sees political initiatives in a number of the carmaker's key markets as important in helping to boost sales of the i3 electric car. Volkswagen will cut production, jobs at Russian plantMon, 23 Mar 2015 05:55:51 ESTVolkswagen said it will reduce shifts and lay off at least 150 workers at its car plant in Kaluga, Russia, as demand shrinks. The company builds Audi, VW and Skoda cars in Kaluga. Russia boosts auto industry aid to $424 millionMon, 23 Mar 2015 11:24:05 ESTRussia plans to spend more than 25 billion rubles ($424 million) in state funds to support its ailing auto industry, increasing the amount of aid it allocated last week. Pirelli to be bought by ChemChina in $7.7 billion dealMon, 23 Mar 2015 03:37:25 ESTChina National Chemical will buy into Pirelli in a $7.7 billion deal that would place one of the symbols of Italy's manufacturing industry in Chinese hands. But the bid may turn into a protracted takeover battle. BAIC Motor will take stake in Daimler China leasing firmMon, 23 Mar 2015 07:50:44 ESTChinese automaker BAIC Motor plans to deepen its partnership with Daimler by taking a 35 percent stake in the German automaker's Mercedes-Benz Leasing. PSA may hit operating margin target earlier than planned, CFO saysMon, 23 Mar 2015 07:15:29 ESTPSA could reach its main recovery target of achieving a 2 percent operating margin before a 2018 goal, finance chief Jean-Baptiste de Chatillon said. The carmaker's shares today rejoined the benchmark CAC-40 index after a two-and-a-half-year absence. BMW's expansion in N. America will counter cooling ChinaSat, 21 Mar 2015 00:01:00 ESTBMW's decision to add a car plant in Mexico was motivated by a desire to reduce its reliance on the cooling Chinese market, CEO Norbert Reithofer said. BMW plans to build up to 150,000 cars a year at a new factory in Mexico starting in 2019. Russia approves $166 million in subsidies for car plantsFri, 20 Mar 2015 03:47:58 ESTRussia will provide carmakers with 10 billion rubles ($166 million) in subsidies in a bid to support an industry struggling to cope with the country's economic downturn. Jaguar Land Rover starts China recall of Evoque after TV report on quality issuesFri, 20 Mar 2015 05:59:09 ESTJaguar Land Rover has started to recall Range Rover Evoque SUVs in China four days after a report on state-run television said the company didn't handle quality problems properly. Audi has no plans for rival to BMW's minivansFri, 20 Mar 2015 00:01:00 ESTAudi development boss Ulrich Hackenberg says the automaker does not need minivans to reach its target of 2 million annual sales -- in contrast to BMW, which has launched two compact minivans to help attract family buyers. Porsche seeks better 'connected car' technology, exec saysThu, 19 Mar 2015 09:47:06 ESTPorsche is working to develop a more "connected car" that better integrates mobile technology into vehicles without distracting drivers. Automakers stay in Russia despite risk of high lossesThu, 19 Mar 2015 06:39:30 ESTAutomakers such as Volkswagen, Renault and Ford continue to compete for market share in Russia, even as GM scales back in the country. Companies risk losing as much as $2,000 on each car sale, according to a Russian dealership association. GM's Russia sales hit by low adaptability to consumers, ruble fall, report saysThu, 19 Mar 2015 04:59:23 ESTGM's car sales in Russia suffered because the company did not adapt to Russian consumer needs, the government's industry and trade ministry was quoted as saying. GM is idling its St. SsangYong suspends exports to Russia on weak rubleThu, 19 Mar 2015 05:55:31 ESTSsangYong has suspended exports to Russia as the plunging ruble hits demand in the automaker's biggest export market. In the first two months, the automaker's sales fell 61 percent in Russia.%]