Automakers

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Bosch, Faurecia, ZF grow in 2013; combined Europe sales for top 30 rise 7%

Aug. 20, 2014 06:01 CET
Europe's biggest suppliers rebounded last year as the region showed signs of recovery in the final months of 2013. Overall 2013 European sales by suppliers in the top 30 increased by 7 percent to $183.5 billion compared with the year before....
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Buoyant China lifts Volvo first-half profit

Aug. 20, 2014 07:42 CET
Volvo said it swung to a profit for the first half on the back of sharply rising sales in China and growth in Europe, which more than offset lingering weakness in the U.S....
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Lear to buy leather supplier Eagle Ottawa for $800 million, reports say

5:46 pm U.S. ET | Aug. 19, 2014
Lear is finalizing a deal to acquire automotive seat leather supplier Eagle Ottawa, media reports said, citing sources close to the deal. Lear, based in Michigan, is expected to pay more than $800 million for Eagle Ottawa, the world's largest supplier of leather to the automotive market....
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Japan's NGK pleads guilty, to pay $52.1 million U.S. fine for price fixing

5:10 pm U.S. ET | Aug. 19, 2014
Japanese supplier NGK Spark Plug agreed to plead guilty and pay a $52 million criminal fine over its role in a conspiracy to fix prices and rig bids for spark plugs and other automotive parts, the Department of Justice said....
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Cadillac's new flagship sedan to define innovation, excellence, Reuss vows

6:00 pm U.S. ET | Aug. 19, 2014
GM global product chief Mark Reuss said that a large luxury sedan being developed for Cadillac will "define its brand" and is a prerequisite to competing against rivals BMW, Mercedes-Benz, Audi and Lexus. Reuss declined to discuss specifics but said Cadillac's entry in the large luxury sedan segment "has got to be a symbol of excellence."...
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Honda's Mendel says U.S. sales 'near top,' warns market may suffer from 'stupid things'

1:30 pm U.S. ET | Aug. 19, 2014
Auto sales in the United States are approaching the highest levels that the market can sustainably support and could suffer long-term damage as automakers increasingly turn to subprime financing and seven-year loans to boost market share, the top sales executive at American Honda warned today....
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NICK BUNKLEY

Why Honda's John Mendel wants customers to buy a Treasury bond on wheels

3:28 pm U.S. ET | Aug. 19, 2014
Jittery stock market? Honda's John Mendel wants you to take your money out of Google, Apple and Tesla -- and put it in Hondas. Not Honda stock. Actual Hondas. They're like Treasury bonds on wheels, with cupholders....
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VINCE BOND JR.

The Rolls-Royce that took 8 months to build

1:56 pm U.S. ET | Aug. 19, 2014
Turn 10 Studios needed extra time to digitally translate the Rolls-Royce Wraith's craftsmanship into “Forza Motorsport 5” on the Xbox One....
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THE GM RECALL

GM expands website for owners of recalled vehicles

12:18 pm U.S. ET | Aug. 19, 2014
General Motors' website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said....
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Aisin's North American growth drives more investment, new HQ

10:51 am U.S. ET | Aug. 19, 2014
Aisin opened a new North American headquarters in suburban Detroit in July as part of the foreign subsidiary's ongoing growth stateside....
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2 Japanese suppliers fined in China's antitrust crackdown

6:23 am U.S. ET | Aug. 19, 2014
China's antitrust regulator fined Japanese bearing makers NSK Ltd. and NTN Corp. a combined 4.8 billion yen ($47 million) for violating rules in a probe into industry pricing practices....
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A123 hires former JCI executive as chief technology officer

7:49 am U.S. ET | Aug. 19, 2014
A123 Systems hired former Johnson Controls executive Patrick Hurley as its new chief technology officer....
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Saab's owner seeks partner to secure brand's future

Aug. 19, 2014 11:15 CET
Saab's owner, National Electric Vehicle Sweden, says it is in discussions with potential partners as it seeks to restart car production and develop future models....
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Magna CEO in a shopping mood in post-Stronach era

6:54 am U.S. ET | Aug. 19, 2014
Magna International, the largest auto supplier in North America, will consider purchases of as much as $4 billion as it distances itself from debt-averse founder Frank Stronach....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Citroen's clever C4 Cactus

Aug. 19, 2014 06:01 CET
Citroen has found clever ways to make its new C4 Cactus an unconventional and affordable alternative to hatchbacks that dominate Europe's compact segment....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ford Store borrows from Apple in bid to move brand upscale in Europe

Aug. 18, 2014 06:01 CET
Ford is the latest automaker to borrow ideas from tech giant Apple. The automaker is rebranding 500 European dealerships as Ford Stores ahead of launching its new Vignale premium trim line....
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Volvo CEO on new XC90: 'There is no second chance'

Aug. 18, 2014 15:00 CET
The new XC90 is crucial to Volvo's bid to close the sales gap with German premium rivals BMW, Mercedes and Audi. "There is no second chance," Volvo CEO Hakan Samuelsson said....
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Ford begins testing first right-hand-drive Mustang

3:45 pm U.S. ET | Aug. 18, 2014
Ford has begun testing the first prototype of the right-hand-drive Mustang pony car. Ford said its engineers recently finished building the handmade prototype, which will be used in various developmental tests in coming months....
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U.S. details plans for car-to-car safety communications

3:08 pm U.S. ET | Aug. 18, 2014
After more than a decade of research into car-to-car communications, federal auto safety regulators took a step forward today by unveiling their plan for requiring cars to have wireless gear that will enable them to warn drivers of danger....
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Toyota makes stronger showing in J.D. Power seat quality study

2:25 pm U.S. ET | Aug. 18, 2014
Toyota made sizable gains in a JD Power seat quality study, with six of the 21 vehicles recognized for superior seating, two more than last year. Ford's C-Max also had a strikingly lower instance of seat-related problems than any other car in the study....
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Continental lures Google self-driving exec in Silicon Valley push

1:22 pm U.S. ET | Aug. 18, 2014
German supplier Continental AG is growing its Silicon Valley presence to help car companies roll out autonomous driving and other “intelligent” features over the coming years -- and it has hired one of Google's self-driving car executives to lead the effort....
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Chrysler names Bigland to lead Alfa Romeo brand in N.A.

9:24 am U.S. ET | Aug. 18, 2014
Chrysler Group, rolling out sales of the Alfa Romeo 4C sports car in the United States, has picked Reid Bigland to lead the Italian sports car brand's return to North America. Bigland, 47, one of the rising stars at Fiat Chrysler Automobiles, had been head of the company's fast-growing Ram brand. Robert Hegbloom, 50, director of Ram, will take over for Bigland, Chrysler said today in a statement....
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Suppliers see money in software

12:01 am U.S. ET | Aug. 18, 2014
Harman International, a top producer of speakers and other in-car audio equipment, plans to ease out of hardware so it can concentrate on software as its core automotive product....
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Sonic details plans for used-car network

12:01 am U.S. ET | Aug. 18, 2014
Sonic Automotive is naming its new used-vehicle business EchoPark and eventually aims to put the stand-alone stores in more than 50 markets across the country....
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China finds Mercedes guilty of price fixing, report says

Aug. 18, 2014 10:53 CET
Mercedes has been found guilty of manipulating prices for aftersales services in China, the official Xinhua news agency reported. Foreign automakers have been under scrutiny in China amid reports by state media that they are overcharging consumers....
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