Automotive News Europe News Feed http://europe.autonews.com News, blogs and commentary from the leader in European automotive news en-us Thu, 28 Jul 2016 06:00:00 EST UK production increased 10% in June but industry warns of potential Brexit slowdownThu, 28 Jul 2016 06:26:53 ESTBritish car production rose 10 percent in June but the SMMT industry association said growth was in jeopardy if the UK failed to secure unfettered access to the EU's single market. PSA names new Peugeot, China, Europe chiefsThu, 28 Jul 2016 09:15:55 ESTPSA Group named new chiefs for its Peugeot brand and for its Europe and China regions. Renault first-half profit rises 41% on new models, Europe recoveryThu, 28 Jul 2016 02:50:19 ESTRenault's first-half operating profit jumped 41 percent, thanks to a refreshed model lineup and a rebounding European auto market but increased spending to lower diesel engine emissions put the automaker's productivity target at risk. VW brand Q2 profit falls 12% on emissions scandal effectsThu, 28 Jul 2016 03:24:10 ESTVW Group's namesake brand posted a 12 percent drop in second-quarter profit, after cost cuts and streamlining fell short amid rising costs of the company's diesel scandal. Renault cuts Ghosn's bonus by 20 percentThu, 28 Jul 2016 00:01:00 ESTRenault has cut the bonus of CEO Carlos Ghosn by 20 percent following pressure from French government, which urged the automaker to rein in Ghosn's pay after shareholders opposed his $7.92 million payout in 2015. PSA posts record first-half earnings, downplays BrexitWed, 27 Jul 2016 02:18:58 ESTPSA unveiled record first-half profits on productivity gains and a European market rebound. The automaker said its operational margin resisted sterling's fall against the euro after the UK voted to quit the EU. Fiat Chrysler Q2 profit boosted by Jeep, Europe reboundWed, 27 Jul 2016 07:33:10 ESTFiat Chrysler said adjusted operating profit for the second quarter rose 16 percent to 1.63 billion euros. Nissan profit declines 9% as stronger yen hits earningsWed, 27 Jul 2016 04:07:03 ESTNissan reported a 9.2 percent slide in global operating profit in the latest quarter as foreign exchange losses bit hard into earnings. Valeo first-half profit rises 23% on intuitive driving, low-emissions techWed, 27 Jul 2016 03:46:36 ESTValeo reported a 23 percent rise in first-half profit as its intuitive driving and fuel-saving technology outpaced broader automotive industry growth in key markets Mercedes challenges Tesla with electric heavy truckWed, 27 Jul 2016 05:34:10 ESTMercedes outlined plans to start selling an electric heavy-duty truck, a week after Tesla's initial sketch on battery-powered commercial vehicles failed to impress investors. VW's $14.7B diesel U.S. emissions settlement clears hurdleTue, 26 Jul 2016 00:01:00 ESTVolkswagen's $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles. German prosecutors widen VW emissions probe to 21 staffTue, 26 Jul 2016 14:42:46 ESTGerman prosecutors have widened their probe into Volkswagen Group's diesel emissions cheating, with 21 current and former staff under investigation. Porsche will create 1,400 jobs for Tesla-fighting EVTue, 26 Jul 2016 04:34:59 ESTPorsche has raised the number of jobs it will create to produce its first all-electric car to more than 1,400 from 1,000. Hyundai quarterly profit slips 3%; tougher U.S. market, Brexit hit forecastTue, 26 Jul 2016 03:03:06 ESTHyundai's quarterly profit slipped 3 percent to $1.46 billion, the 10th consecutive quarterly decline. Shrinking demand for its sedans in the U.S. hit earnings. Hyundai also said the UK's Brexit vote had clouded its outlook for the EU. Cadillac XT5 price undercuts rivals in EuropeTue, 26 Jul 2016 00:01:00 ESTCadillac aims to increase its SUV market share in Europe by pricing its new XT5 below German premium rivals such as the Audi Q5 and BMW X3, and by offering more equipment. Daimler's mytaxi will merge with Hailo to take on UberTue, 26 Jul 2016 02:51:25 ESTDaimler's mytaxi said it will merge with British rival Hailo, creating Europe's largest smartphone-based taxi-hailing business. Higher GM, Volvo shipments to U.S. boost Chinese vehicle exportsTue, 26 Jul 2016 03:51:56 ESTChina's passenger vehicle exports rose 13 percent in June as GM and Volvo boosted exports to North America. Faurecia lifts 2016 profit guidance after strong first halfTue, 26 Jul 2016 03:40:08 ESTFaurecia raised its full-year guidance after reporting a stronger first-half performance in Europe. Operating income rose to $539 million, the French supplier said. Smart owners in Germany can have parcels delivered to their parked carsMon, 25 Jul 2016 10:07:46 ESTDaimler's Smart cars will become delivery boxes for Deutsche Post's DHL package operation in Germany as the mail and auto industries begin to work together to leverage connected cars. Jaguar Land Rover said to be in talks with Ford, BMW over battery plantMon, 25 Jul 2016 08:11:52 ESTJaguar Land Rover declined to comment on a newspaper report that it is in talks with Ford and BMW to build a battery plant in the UK. Audi plans three electric models by 2020, CEO tells paperSun, 24 Jul 2016 03:53:19 ESTAudi aims to have three electric models by 2020 and for electric vehicles to account for 25 to 30 percent of its sales by 2025, CEO Rupert Stadler told a German newspaper. McLaren sees Brexit vote benefit from weaker poundFri, 22 Jul 2016 11:09:25 ESTMcLaren Automotive said the fall in the value of sterling since Britons voted to leave the EU was benefiting the company financially. Daimler promotes Turkish unit boss Seeger to Mercedes sales and marketing chiefFri, 22 Jul 2016 05:59:36 ESTDaimler named Britta Seeger as global sales and marketing head of Mercedes cars. Seeger currently serves as head of Mercedes in Turkey and will succeed Ola Kaellenius who will take over as development head when Thomas Weber retires. Daimler accelerates Mercedes electric car plansFri, 22 Jul 2016 04:39:16 ESTDaimler has accelerated development of Mercedes electric cars, CEO Dieter Zetsche said, adding that he saw the vehicle segment gaining market share. Volvo plans self-driving car by 2021 to challenge BMWFri, 22 Jul 2016 06:01:45 ESTVolvo plans to sell a model able to pilot itself down the highway by 2021. The carmaker needs expertise in software and cloud services and is looking into various partnerships, CEO Hakan Samuelsson said. VW will halt sales of most vehicles in S. Korea amid emissions probeFri, 22 Jul 2016 05:31:57 ESTVolkswagen will suspend sales of most of its vehicle models in South Korea, as pressure builds on the automaker over its falsified emissions tests. PSA plant blames two-day stoppage on Brexit voteFri, 22 Jul 2016 05:12:25 ESTPSA blamed the UK's referendum vote to leave the EU for a decision to suspend production for two days at its Poissy plant near Paris. The automaker said the measure was "just in case" the June decision significantly affects its sales. BMW may open electric car battery factory in ThailandFri, 22 Jul 2016 04:56:25 ESTBMW Group is considering building a factory to produce batteries for plug-in hybrid vehicles in Thailand, the country's industry minister said. PSA wins Iran production deal for Citroen brandFri, 22 Jul 2016 04:56:26 ESTPSA has unveiled an Iranian deal to build three Citroen models through a new joint venture. The framework deal follows a production agreement last month between sibling brand Peugeot and state-owned Iran Khodro. GM says Brexit 'not a good omen,' mulls cuts in EuropeThu, 21 Jul 2016 08:44:48 ESTGM said it was considering cost cuts in Europe to offset up to $400 million of potential headwinds triggered by Britain's Brexit vote, calling into question the carmaker's ability to return Opel and Vauxhall to a full-year profit. BMW names former F1 exec Duesmann as new purchasing chiefThu, 21 Jul 2016 07:36:00 ESTBMW has appointed Markus Duesmann, its former Formula One powertrain boss and current engine guru, to the company's management board as head of the purchasing and supplier network. VW labor chief expects tough talks over savings, strategyThu, 21 Jul 2016 10:27:43 ESTVolkswagen Group's efficiency drive at its namesake brand is paying off, but talks over further savings and strategy changes will be tough, said Bernd Osterloh, the automaker's labor boss, who added that the talks, which are due to resume next week,... GM reports first quarterly profit in Europe since 2011Thu, 21 Jul 2016 08:00:00 ESTGM reported its first quarterly profit in Europe in five years on Thursday, but the automaker warned that currency and market disruptions caused by the UK's decision to quit the EU could slash $400 million from second-half results in the region. Mercedes' second-quarter profit drops on Takata airbag recallThu, 21 Jul 2016 04:11:42 ESTDaimler reported weaker profit from its Mercedes Cars unit in the second quarter because of the cost of refreshing its lineup and one-time charges related to recalling cars with faulty Takata airbags. The unit's profit margin dropped to 6. Volvo eyes record year as profit triples in first halfThu, 21 Jul 2016 04:43:26 ESTVolvo is confident of reaching record sales and earnings for the full year after it reported half-year operating earnings rose to 5.59 billion Swedish crowns ($649.8 million) up from 1.66 billion in the same period last year. Zetsche says he does not see Brexit impacting vehicle demandThu, 21 Jul 2016 05:12:54 ESTDaimler CEO Dieter Zetsche said he did not expect the UK's decision to leave the EU to have any effect on demand for vehicles. VW diesel scandal costs rise to 18B euros as new provision hits earningsWed, 20 Jul 2016 05:56:34 ESTVW made additional provisions for costs associated with its diesel scandal as the company announced that first-half earnings rose 7 percent to 7.5 billion euros ($8.25 billion). VW set aside another 2.2 billion euros to help cover U.S. legal risks. EU steps up pressure on VW for bigger consumer payoutsWed, 20 Jul 2016 10:18:02 ESTThe European Commission is working with consumer groups and regulators in the EU's 28 nations to pressure Volkswagen Group to give payouts to customers caught in its emissions scandal. Honda hopes NSX halo effect will give automaker a boost in EuropeWed, 20 Jul 2016 00:01:00 ESTHonda hopes for a halo effect boost in Europe from its NSX supercar. The NSX is a "branding exercise and also a showcase for engineering excellence," Honda said. VW Group emissions-rigging claims reach back furtherWed, 20 Jul 2016 02:46:57 ESTVW Group's emissions rigging dates back to 1999 when Audi engineers developed software to cheat emissions tests, U.S. lawsuits allege. Audi plans electric car push to put heat on TeslaTue, 19 Jul 2016 03:16:35 ESTAudi will aim for electric cars to account for a quarter of its sales by 2025 as part of a strategic overhaul following the emissions scandal at parent VW Group, company sources said, in a move that could step up the challenge to Tesla. Vauxhall logged first Zafira fire in 2009, several years before recall decisionTue, 19 Jul 2016 07:58:06 ESTVauxhall says it first logged a case of a fire linked to the ventilation system in its Zafira minivans in 2009, several years before a number of incidents were widely publicized and prompted two recalls. VW seeks settlement with Canadian diesel owners, paper saysTue, 19 Jul 2016 05:00:14 ESTVolkswagen Group is seeking a settlement with Canadian diesel vehicle owners similar to the one reached in the U.S., a German newspaper reported. VW agreed to pay as much as $15.3 billion in the U.S. China bans highway testing of autonomous cars pending regulationTue, 19 Jul 2016 05:27:22 ESTChina's auto-industry regulator warned automakers not to test self-driving vehicles on highways before it formulates rules governing the testing of autonomous cars. Ford sees weak pound as Brexit headacheTue, 19 Jul 2016 00:01:00 ESTFord of Europe expects a weak pound rather than reduced consumer confidence to be the biggest risk for car demand in the UK following the country's vote to quit the EU. Germany may require black box in autonomous carsMon, 18 Jul 2016 10:01:10 ESTGermany plans legislation to require manufacturers of cars equipped with an autopilot function to install a black box to help determine responsibility in the event of an accident, the country's transport ministry said. PSA moves Chinese HQ closer to partner DongfengMon, 18 Jul 2016 06:31:47 ESTPSA has shifted its headquarters for China and Southeast Asia to the central Chinese city of Wuhan in a move that will enable the French automaker to work more closely with its Chinese partner and shareholder Dongfeng, which is based in the city. Cars, vans said to be focus of EU plan for tougher emissions capsMon, 18 Jul 2016 05:14:54 ESTEU regulators are set to release draft CO2 targets for 2030 on Wednesday. The EU plans tighter caps on emissions as part of a target to cut greenhouse gases blamed for climate change. Ex-Nokia exec outlines how Renault-Nissan will gain from self-driving carsSun, 17 Jul 2016 00:01:00 ESTRenault-Nissan's connected cars global chief, Ogi Redzic, says the alliance's investments in autonomous driving and connected services are key to helping the partners remain competitive as automakers increasingly become mobility providers. Cadillac launches European sales pushSat, 16 Jul 2016 00:01:00 ESTCadillac is launching two new models and expanding its dealer network in Europe in a renewed sales push in the region. The GM brand's latest European sales target is modest compared with past goals.