Automotive News Europe News Feed http://europe.autonews.com News, blogs and commentary from the leader in European automotive news en-us Fri, 1 Jul 2016 06:00:00 EST JLR chief Speth 'regrets' Brexit processFri, 1 Jul 2016 11:34:32 ESTJaguar Land Rover CEO Ralf Speth says he 'regrets' the political process that lead to the UK's exit from the EU, indicating that the British people weren't properly informed about the consequences of a Brexit. BMW to develop driverless car tech with Intel, MobileyeFri, 1 Jul 2016 09:43:58 ESTBMW is teaming up with Intel and Mobileye to develop new technology for the auto industry that could put self-driving cars on the road by around 2021. France June sales up 1% as VW, PSA declines hit marketFri, 1 Jul 2016 06:36:02 ESTSales of new cars in France rose less than 1 percent in June as an 11 percent decline by VW Group, which is still feeling the fallout from its diesel-emissions cheating scandal, and a 5 percent decrease at PSA Group offset gains by Renault, Fiat and... Aston Martin CEO sees short-term Brexit gain Fri, 1 Jul 2016 03:06:41 ESTAston Martin will see a short-term financial gain from the crash in the pound's value following the UK's decision to leave the EU, CEO Andy Palmer said. Former Audi, Mercedes exec named new Cadillac Europe bossFri, 1 Jul 2016 00:01:00 ESTGM has appointed former Audi and Mercedes executive Felix Weller as head of Cadillac Europe as it tries to increase sales of the U.S. luxury brand in the region. ANE's July e-magazine goes live MondayFri, 1 Jul 2016 00:01:00 ESTThe latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, July 4. BMW teams up with Intel, Mobileye on self-driving tech, report saysThu, 30 Jun 2016 05:04:17 ESTBMW will meet on Friday to discuss its development partnership for self-driving technology with software maker Mobileye and chipmaker Intel, people familiar with the matter said today. Germany weighs pollution goal that would spur EV, hybrid salesThu, 30 Jun 2016 09:49:52 ESTChancellor Angela Merkel's government is working on targets to cut pollution on Germany's roads that may effectively set a deadline for the car industry to shift a large portion of production to electric and plug-in hybrid vehicles. Citroen hopes new C3 will help attract young buyersThu, 30 Jun 2016 10:00:00 ESTCitroen hopes that the "punchy" styling of its new C3 will help it attract younger buyers as the automaker returns to its roots with a design that distinguishes it from rivals in Europe's highly competitive subcompact segment. Leoni to cut 1,100 jobs at car-wiring divisionThu, 30 Jun 2016 09:04:05 ESTLeoni will cut about 1,100 jobs this year at its division that makes cable harnesses and wiring systems for the auto industry and expects the retrenchments to boost annual earnings from 2017, the company said. Diesels will have just 9% of Europe market by 2030, study saysThu, 30 Jun 2016 06:00:00 ESTDiesel engines will account for 9 percent of new-car sales in Europe by 2030 #8211; down from about half today -- because automakers will rely more on electrified powertrains to meet new emissions rules, according to a study. GM exec sees little Brexit effect for automaker in U.S.Thu, 30 Jun 2016 05:54:10 ESTGM's chief economist, Mustafa Mohatarem, says it is too soon to measure the effect of the UK vote to leave the EU on the automaker, but the outcome will likely have little impact in the U.S. UK car output rises 26% in May, but industry group sees Brexit threatThu, 30 Jun 2016 06:18:47 ESTUK car production rose by 26 percent in May thanks to particularly strong demand for exports, but momentum could be halted by a loss of tariff-free access to Europe after last week's Brexit vote, a leading industry group warned today. UK minister says tariff-free EU access for automakers is a top priorityThu, 30 Jun 2016 06:54:42 ESTThe UK's business minister, Sajid Javid, who is seeking to become the country's next finance minister, said he is focused on securing uninhibited access to European markets for UK car exports in EU divorce talks following last week's vote to leave... VW's biggest shareholder welcomes $15 billion U.S. settlementWed, 29 Jun 2016 09:45:26 ESTVW Group's biggest shareholder said the $15.3 billion settlement with U.S. authorities over its cheating on emissions tests will remove a major roadblock toward a recovery from the scandal once final approval has been granted. Toyota recalls 3.4 million cars over faulty airbags, fuel tanksWed, 29 Jun 2016 10:37:43 ESTToyota said it is recalling about 3.4 million vehicles to repair separate flaws involving leaky fuel tanks and curtain airbag inflators from Autoliv that may crack and injure occupants. UK car sales not hit by Brexit vote yet, auto group saysWed, 29 Jun 2016 09:56:34 ESTUK car dealerships saw the same number of customers over the weekend as before Britons voted to exit the EU last week, Britain's car industry association said, adding that it would not change its forecast for sales to rise slightly this year. Daimler's pension fund gets 1.8 billion euro Renault-Nissan stakeWed, 29 Jun 2016 11:07:51 ESTDaimler topped up its German pension scheme by transferring a stake in Renault-Nissan worth about 1.8 billion euros ($2 billion) to the fund. Porsche CEO expects boost from new PanameraWed, 29 Jun 2016 04:08:52 ESTPorsche expects the new Panamera to give a boost to the weakest performing model line in its portfolio. CEO Oliver Blume told Automotive News Europe he hopes to sell about 20,000 or more Panameras a year globally, up from 17,200 last year. Renault may raise UK car prices to weather Brexit stormWed, 29 Jun 2016 09:20:58 ESTRenault may increase prices in the UK to counter the pound's slump following Britain's vote to leave the EU, Reuters reported. The UK accounted for 8 percent of Renault's sales in Europe last year. Brexit may cost carmakers 2.8 million global sales, IHS saysWed, 29 Jun 2016 03:52:22 ESTThe UK's vote to leave the EU may cost automakers about 2.8 million light-vehicle sales worldwide through 2018, researcher IHS Automotive said. The UK is expected to be hit hardest. Instead of expanding 3. Jaguar Land Rover says 'short-term' Brexit impact will not affect Slovak plantWed, 29 Jun 2016 05:49:30 ESTJaguar Land Rover, the UK's biggest automaker, said the short-term effects of Britain's decision to leave the EU will not affect plans to build a new plant in Slovakia, where production is slated to begin in 2018. PSA, Dongfeng JV reshuffles China management amid sales slumpWed, 29 Jun 2016 05:24:10 ESTPSA's joint venture with Dongfeng in China has appointed a new executive vice president and a new general manager after suffering a sales slump in the first five months of the year. Why VW owners get $10,000 in U.S., but a bit of pipe in the EUTue, 28 Jun 2016 16:24:01 ESTIf you own a Volkswagen with a diesel engine in the U.S., the company will buy back your car and give you as much as $10,000. If you drive one in Europe, you may only get a piece of pipe. Auto sector to gain from Brexit, business minister saysTue, 28 Jun 2016 11:43:14 ESTThere will be midterm and long-term opportunities from the UK's vote to leave the EU for the auto industry, business minister Sajid Javid said, adding that Britain should start "embracing" the opportunities provided by Brexit. Citroen seeks boost from new wave of quirky carsTue, 28 Jun 2016 03:24:27 ESTCitroen went from oozing elegance and quirky charm to producing vehicles that lacked the panache of their ancestors. The arrival of the C4 Cactus rekindled Citroen's spark. Takata boss says he'll step down once 'new regime' is in placeTue, 28 Jun 2016 05:12:07 ESTTakata CEO Shigehisa Takada said he will resign after a "new management regime" is found, finally heeding calls for change so that the auto parts supplier can move ahead in dealing with a multibillion dollar airbag recall. UK will not get 'special treatment,' Merkel ally saysMon, 27 Jun 2016 07:56:22 ESTThe UK should not receive special treatment in negotiations over its EU exit, said the leader of the German Chancellor's CDU party. China may lift cap on foreign carmaker stakes in JVsMon, 27 Jun 2016 08:13:20 ESTChina's government is considering the removal of caps on stakes foreign carmakers can own in joint ventures with local partners, potentially loosening a policy criticized for shielding state-owned companies from competition and building their own... Aston Martin's financial losses nearly double Mon, 27 Jun 2016 05:54:51 ESTAston Martin made a pre-tax loss of 127.9 million pounds in 2015, the fifth consecutive year the company has failed to make a profit, as the number of cars it sold fell and as it invests in expansion. VW should pay Europeans same compensation as U.S. drivers, EU commissioner saysSun, 26 Jun 2016 10:24:47 ESTVW Group should offer European drivers similar compensation to what the German carmaker is expected to pay U.S. customers, Europe's Industry Commissioner Elzbieta Bienkowska told a newspaper. BMW's Mexican plant will be group's most resource-efficient factorySun, 26 Jun 2016 00:01:00 ESTBMW says its Mexico factory will solely rely on renewable energy in the form of wind and solar power to build its 3-series sedan and will set a new benchmark for resource conservation. VW may pick China for first battery plantSun, 26 Jun 2016 00:01:00 ESTChina may be the first country where Volkswagen Group could invest billions in one or more plants to manufacture battery cells and packs, a source close to senior management said, citing the Chinese government's determined push towards... Mercedes looks to become the top choice of female premium-car buyersSat, 25 Jun 2016 00:01:00 ESTMercedes wants to become the leading choice among premium car brands for women by 2020, at which time it wants at least 30 percent of its customers to be female. Norway's wealth fund files complaint against VW over emissions scandalFri, 24 Jun 2016 08:08:29 ESTNorway's $850 billion sovereign wealth fund, the world's largest, has filed a complaint against Volkswagen as part of a joint legal action over the automaker's emissions scandal. Automakers call for tariff-free trade between UK and EU after Brexit winFri, 24 Jun 2016 03:01:28 ESTAutomakers today called for tariff-free trade to be maintained between Britain and the EU after the UK voted for a Brexit, amid warnings that sales and production will be hit in Europe's second-biggest auto market. PSA looking at UK price changes in response to Brexit voteFri, 24 Jun 2016 05:57:57 ESTPSA Group said it was looking at changes to its UK pricing as markets react to Brexit, with the pound falling to new lows. VW Korea exec arrested over emissions manipulationFri, 24 Jun 2016 05:55:59 ESTSouth Korea prosecutors arrested an executive at Volkswagen's local unit as part of investigations into whether the automaker violated the country's environmental laws after it admitted to rigging diesel vehicles to cheat on U.S. emissions tests. Suzuki Baleno is company's first model in Europe with fuel-saving mild hybridFri, 24 Jun 2016 00:01:00 ESTSuzuki has boosted fuel economy in its new Baleno hatchback by using a mild hybrid system for the first time in one of its models sold in Europe. Audi bets on experience in EV challenge with TeslaFri, 24 Jun 2016 05:09:29 ESTAudi is preparing to challenge Tesla in making electric cars, betting that its decades of experience in designing traditional automobiles will help it trump the Silicon Valley startup. Renault cuts its Nissan stake by 1% to 42%Fri, 24 Jun 2016 04:39:28 ESTRenault trimmed its stake in alliance partner Nissan by 1 percentage point to 42.4 percent according to a regulatory filing. The filing did not specify a reason for Renault's sale of the stock. VW to fit filters to clean up gasoline enginesFri, 24 Jun 2016 00:01:00 ESTVolkswagen plans to fit particle filters in up to 7 million turbocharged gasoline direct-injection engines starting mid-2017 to help meet future tailpipe emission targets. German auto industry warns Brexit could lead to production shiftThu, 23 Jun 2016 07:22:02 ESTGermany's auto industry warned that a potential trade dispute between Europe and the UK in the aftermath of a Brexit could put British production sites at risk. German investor group to push for independent VW emissions probeThu, 23 Jun 2016 08:46:30 ESTGerman investors' association DSW will go to court to push for an independent investigation of the diesel emissions test-rigging scandal at Volkswagen after its motion for a probe was voted down at VW's annual shareholders' meeting on Wednesday. Chinese automaker JAC mulls EV factory in BulgariaThu, 23 Jun 2016 04:33:49 ESTChina's JAC Motors is considering opening a factory in Bulgaria as an entry point to Europe for its electric cars. The company would be the second Chinese automaker to build cars in the EU's poorest country after Great Wall. MG aims first SUV at budget buyersThu, 23 Jun 2016 00:01:00 ESTMG Motor, a Chinese-owned UK brand, is aiming its first SUV, the GS, at families looking for a budget vehicle. VW shareholder Lower Saxony declines to back Winterkorn, DiessThu, 23 Jun 2016 03:06:30 ESTThe German state of Lower Saxony, Volkswagen Group's second-largest shareholder, refused to sign off on the actions last year of former CEO Martin Winterkorn and current VW brand chief Herbert Diess in an unusual public split among the automaker's... Leoni wins order from PSA for wiring systems for Peugeot, DS modelsThu, 23 Jun 2016 05:14:13 ESTGerman supplier Leoni said PSA awarded it a contract worth 500 million euros ($566.95 million) to equip a new DS model as well as the future Peugeot 208 and 2008 with its wiring systems. PSA finalizes Iran deal in bid to rebuild salesWed, 22 Jun 2016 08:40:59 ESTPSA finalized a joint-venture production deal with state-owned Iran Khodro as it prepares its return to the Middle East's biggest auto market. VW chairman under fire from investors for dual role in crisisWed, 22 Jun 2016 03:55:37 ESTVW Group Chairman Hans Dieter Poetsch bore the brunt of investor dissatisfaction over the automaker's handling of its emissions cheating scandal during the company's annual shareholder meeting today, with some even trying to remove him as host of...