Automotive News Europe News Feed News, blogs and commentary from the leader in European automotive news en-us Wed, 30 Jul 2014 06:00:00 EST Marchionne says he is open to new alliances but won't sell Alfa RomeoWed, 30 Jul 2014 11:10:51 ESTFiat CEO Sergio Marchionne reiterated that Alfa Romeo will not be sold but said he remains open to forming alliances with other carmakers if it helped cut costs. Audi's Stadler plans efficiency push to enhance margins, report saysWed, 30 Jul 2014 14:45:22 ESTAudi CEO Rupert Stadler plans steps to boost efficiency and lower costs on all operating levels, according to a senior company source, as the luxury carmaker struggles to raise output and profit margins. Fiat profit falls on weak North, South America performance; Europe loss reducedWed, 30 Jul 2014 05:33:49 ESTFiat reported a fall in second-quarter operating profit as a better performance from its luxury brands and its Asia and European operations failed to offset weak Latin American and disappointing North American results. Penske Q2 net income rises 18% on strong gains in all segmentsWed, 30 Jul 2014 07:30:00 ESTPenske Automotive Group said second-quarter net income rose 18 percent from the year-earlier period, on higher new- and used-vehicle unit sales. The U.K. accounted for 35 percent of the group's revenues, up from 34 percent. VW closes gap on Toyota's global leadWed, 30 Jul 2014 02:02:00 ESTVolkswagen is closing in on Toyota as the global leader in vehicle sales, with a rapid expansion drive in China while Toyota curbs growth to focus on shoring up quality. PSA's car division back in profit as new CEO makes markWed, 30 Jul 2014 02:27:21 ESTPSA/Peugeot-Citroen narrowed its first-half net loss and posted the first positive contribution from its core auto division in three years, as the carmaker's recovery plan began to show early results. TRW net income rises to $265 million in Q2Tue, 29 Jul 2014 07:08:02 ESTTRW Automotive Holdings said its second-quarter net income rose 7 percent to $265 million. Total revenue during the quarter rose 2 percent to $4.6 billion. Toyota plans to name $69,000 fuel-cell vehicle Mirai, report saysTue, 29 Jul 2014 09:59:01 ESTToyota plans to name its $69,000 fuel-cell car Mirai, the Japanese word for future, a source said. The company is betting that consumers will embrace fuel-cell cars over pure electric vehicles. Land Rover preps Discovery Sport with seating for 7Tue, 29 Jul 2014 22:33:47 ESTLand Rover will sell a Discovery Sport model that will be available with seating for seven passengers in a 5+2 configuration. VW suffers production woes adjusting to MQB platform, report saysTue, 29 Jul 2014 10:38:38 ESTVolkswagen's move to add extra German production shifts for the Golf, which the company has attributed to strong demand, is also due to problems adjusting to its new MQB platform, company sources said.