Europe

GOLDEN AGE

Ultraluxury brands on course for near 40% rise by 2020

12:01 am U.S. ET | March 1, 2015
Strong demand for ultraluxury brands -- driven by new models, improved U.S. and European economic conditions and a rising number of superwealthy -- has led forecasters to predict that overall global sales in the segment will grow by nearly 40 percent in the next five years. The bullish prediction is good news for Fiat Chrysler Automobiles, Volkswagen Group and BMW Group....
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Yamaha plans 2-seat car for Europe, source says

Feb. 27, 2015 10:06 CET
Japanese motorcycle maker Yamaha aims to start making and selling two-seat cars in Europe as early as 2019, a person familiar with the plan told Reuters on Friday....
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ANE's March e-magazine goes live Monday

Feb. 27, 2015 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, March 2. This month's edition looks why ultraluxury brands such as Bentley, Lamborghini, Rolls-Royce and Maserati are poised to keep experiencing unprecedented success....
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As election nears, automakers fear UK exit from EU

Feb. 26, 2015 12:32 CET
Automakers with production in the UK are increasingly worried about the prospects of the country leaving the European Union. Prime Minister David Cameron has said he will offer an in-out referendum on EU membership if he wins a general election in May....
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Porsche hedge-fund lawsuit faces dismissal in Germany

Feb. 26, 2015 15:14 CET
Hedge funds seeking 1.2 billion euros ($1.4 billion) in damages from Porsche SE in Germany over its failed attempt to take over carmaker Volkswagen Group in 2008 will likely have their case dismissed, according to a German judge....
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Lada proves popular in Crimea's vacated car market

Feb. 26, 2015 13:40 CET
Lada, Russia's biggest car brand, has become a favorite in Crimea after its annexation by Vladimir Putin's government. The first official Lada dealership opened in October and local customers are now ordering up to 300 cars a month, compared with the 155 sold in 2013, when Crimea was part of Ukraine....
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Magna cuts sales forecast on weak Europe demand, approves stock split

7:01 am U.S. ET | Feb. 25, 2015
Canadian auto parts maker Magna International Inc. cut its revenue forecast for 2015, hurt by weak demand from Europe....
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Union OKs 3% wage rise in Daimler, Porsche's heartland

Feb. 24, 2015 10:47 CET
Germany's biggest trade union, IG Metall, accepted a 3 percent wage increase for the country's southwest region, home to carmakers Daimler and Porsche. The union had called for a 5.5 percent increase. Deals agreed in the region traditionally serve as a template for agreements across Germany....
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Faurecia N.A. boss Heneka to retire March 1; Stidham named new president

3:12 pm U.S. ET | Feb. 24, 2015
Mike Heneka, who led an immense expansion effort in the US as president of Faurecia North America, will retire on March 1, the seating and emissions systems supplier said today....
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GKN sees more growth this year after 2014 profits rise 4%

Feb. 24, 2015 11:12 CET
UK supplier GKN reported a 4 percent rise in annual profit last year and said it expected to grow again in 2015, helped by the continued strong demand for car parts....
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VW Eos output will end on declining cabrio demand

Feb. 23, 2015 19:06 CET
VW plans to stop making its Eos cabriolet as customer tastes shift away from convertibles in general and retractable hardtops like the Eos in particular. European sales of convertibles from volume carmakers fell 20 percent last year....
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PSA, Mitsubishi will halt production in Russia

Feb. 20, 2015 09:09 CET
PSA/Peugeot-Citroen and Mitsubishi will close their joint venture plant in Russia for two weeks as the country's worsening economic situation hits vehicle sales....
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ZF offers EU concessions in $13.5 billion TRW deal

Feb. 20, 2015 13:36 CET
ZF Friedrichshafen has offered concessions in a bid to secure European Union approval for its $13.5 billion takeover of TRW Automotive Holdings....
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Jaguar Land Rover favors Austria or Turkey over U.S. for production boost, report says

Feb. 20, 2015 10:50 CET
Jaguar Land Rover may add production in Austria or Turkey instead of in the U.S. as the automaker seeks to boost its manufacturing capacity, a UK newspaper reported. JLR had been considering opening a factory in the U.S. South, reports said earlier this month....
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UK car production dips 1% in Jan. on new model, tech investment

Feb. 19, 2015 10:23 CET
The UK's car manufacturing sector reported a 1 percent decline in output last month as automakers invested in the production of new models and technologies....
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European recovery gains speed; Jan. sales up 6%

Feb. 17, 2015 09:01 CET
New-car sales in Europe rose 6 percent in January as price cuts and economic-growth prospects boosted demand for most brands. Registrations rose to 1.03 million vehicles last month, industry association ACEA said....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Incoming Bosch auto boss must boost margin, fend off rising Conti, ZF

Feb. 16, 2015 06:01 CET
When Rolf Bulander takes over as head of Bosch's car parts division in April he will face hurdles such as raising the unit's margin to 8 percent and maintaining its position as the world's largest supplier despite intensifying competition from Continental and ZF....
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RICHARD TRUETT

Has diesel peaked in Europe?

12:01 am U.S. ET | Feb. 16, 2015
Pollution is one reason why the diesel engine has perhaps peaked at 50 percent of new-car sales in most of Europe. Driving into Paris a few years ago in a Peugeot diesel hatchback, I became lodged in a long line of traffic. I started coughing violently. It was so bad, I nearly couldn't drive. I blamed diesel fumes....
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Grupo Antolin shakes up management team

Feb. 16, 2015 06:01 CET
Grupo Antolin, the world's largest supplier of vehicle headliners, has shaken up the top tier of its management with an infusion of younger executives....
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RICHARD TRUETT

Has diesel had its day in Europe?

12:01 am U.S. ET | Feb. 16, 2015
Pollution is one reason why the diesel engine has perhaps peaked at 50 percent of new-car sales in most of Europe....
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Ford aims Vignale Mondeo at business buyers

Feb. 14, 2015 06:01 CET
Ford of Europe's Vignale upscale trim line, which will launch In September on the new Mondeo, will be aimed mainly at business customers. Ford is seeking to boost profit margins with Vignale and fend off competition in the midsize segment from BMW, Mercedes and Audi....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Infiniti's Europe boss expects boost from new compacts

Feb. 13, 2015 06:01 CET
Infiniti expects a big boost to its European sales, helped by the launch of the Q30 premium compact hatchback and QX30 crossover. Infiniti's Europe chief, Francois Goupil de Bouille, outlined the brand's growth plans....
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Ford's European car sales rise nearly 10% in January

Feb. 12, 2015 11:16 CET
Ford said vehicle sales in its 20 core European markets rose 9.8 percent in January, outpacing a 6.5 percent gain for the overall region. Ford's growth was driven by strong demand for the latest Mondeo, its compact and subcompact SUVs, and the Fiesta....
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Faurecia predicts 2015 profit boost on weak euro

Feb. 12, 2015 09:57 CET
Faurecia said a lower euro and cheaper raw materials would lift profit in 2015 as it posted solid second-half earnings growth. Net income rose to 78 million euros ($88 million) in the half, a 47 percent gain....
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Range Rover Evoque cabrio spied during testing

Feb. 11, 2015 12:55 CET
A convertible version of the Range Rover Evoque has been spotted during road testing. An open-air Evoque would give Land Rover a lead over German premium rivals BMW, Audi and Mercedes-Benz by creating a niche where they have no competitor....
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