Expansion

Porsche nears decision on 7th model line

March 13, 2015 11:53 CET

Porsche is finalizing plans to add a new model to meet rising demand for sporty luxury vehicles. The candidates for Porsche's seventh model family include an EV to compete with Tesla, a shooting brake version of the Panamera or a sports car between the 911 and 918 Spyder....
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Audi sees lower profitability as it invests to boost sales

March 10, 2015 12:31 CET

Audi is targeting another year of record car sales in 2015, but said profitability could slip further amid spending on technology, foreign expansion and plans to increase its model range to 60 vehicles by 2020....
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Lower oil prices to boost global auto sales 1.5%, forecast says

9:53 am U.S. ET | March 5, 2015

Falling oil prices will boost global auto sales 1.5 percent through 2019, with the biggest windfalls coming in North America, IHS Automotive said in a new forecast....
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Ghosn guns for global top 3

12:01 am U.S. ET | March 2, 2015

Renault-Nissan CEO Carlos Ghosn remains confident that by 2018 his alliance will rank as one of the world's three largest automakers. He sees the alliance rising from its current No. 4 ranking, even though last year it encountered big troubles in Russia and finished about 1.4 million vehicle sales behind No. 3 General Motors....
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Nissan’s bullish U.S. forecast calls for overtaking Honda

12:01 am U.S. ET | March 2, 2015

Nearly two years ago, Carlos Ghosn bemoaned Nissan Motor Corp.'s lackluster performance in North America as his biggest "disappointment." Now, the CEO's fix-it man, Jose Munoz says the U.S. is a "powerhouse" again and the comeback is gaining speed....
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Daimler labor chief queries pace of U.S. expansion

Feb. 25, 2015 10:54 CET

Daimler's plans to expand production in the United States should be recalibrated if the euro remains weak against the dollar, the automaker's top labor chief, Michael Brecht, said....
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Porsche dealers eager to upgrade

12:01 am U.S. ET | Feb. 23, 2015

About 150 of the 189 U.S. Porsche dealerships are renovating or expanding as the brand's sales have soared. Porsche Cars North America wants additional showroom and service space from dealers to accommodate the growing number of nameplates in its lineup and the additional vehicles on the road....
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Is Acura too American to compete globally?

12:01 am U.S. ET | Feb. 21, 2015

"Acura is an American brand," said Honda's outgoing r&d chief. But if Acura doesn't evolve into a global brand, he says, the marque's business model is going to "get tough."...
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The numbers tell the story: Toyota's back

12:01 am U.S. ET | Feb. 16, 2015

Some questioned whether Toyota could re-create its glory days after the one-two punch of unintended acceleration and earthquake/tsunami in the early part of this decade. Of course, it has....
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Daimler targets at least 10% sales growth in China this year

Feb. 10, 2015 13:27 CET

Daimler will boost local production of Mercedes vehicles in China and continue its dealer network expansion as it targets sales growth of at least 10 percent this year, the company's China chief, Hubertus Troska, said....
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Global sales will hit 88.6 million in 2015, pushed by U.S. and China, IHS predicts

6:33 am U.S. ET | Feb. 2, 2015

Global automotive sales for 2015 could hit 88.6 million vehicles, a 2.4 percent increase from 2014 that would continue a five-year growth streak, IHS Automotive said today....
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Renault will increase dealer rebates in China

Jan. 30, 2015 11:32 CET

Renault will give its China dealers more rebates and moderate sales targets as demand cools. Sales growth of passenger vehicles in China will probably slow to 8 percent this year from 10 percent in 2014, according to an industry association....
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Bollore eyes Los Angeles in car-sharing expansion

Jan. 29, 2015 11:45 CET

Vincent Bollore is targeting Los Angeles and Singapore as the next markets for his electric-car sharing service after its debuts later this year in London and Indianapolis.The French car-sharing service currently has about 70,000 subscribers in Paris....
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Toyota may lose global sales lead to VW without new China strategy

Jan. 22, 2015 11:11 CET

Toyota remained the best-selling automaker worldwide in 2014 ahead of VW and GM, but the company may lose the sales crown this year as it falls behind in China, where rivals are expanding fast....
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Subaru puts China production effort on hold as car demand wanes

10:42 am U.S. ET | Jan. 19, 2015

Fuji Heavy Industries, the only Japanese automaker without Chinese government approval to start a joint venture, put efforts to build cars on hold in the country, where demand growth is slowing....
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Aston Martin hires former Porsche exec as China boss

Jan. 13, 2015 15:45 CET

Aston Martin has hired former Porsche and BMW executive Michael Mingshan Peng as its new China boss as the UK sports-car maker seeks to boost sales in the country....
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Ferrari spinoff sets up Fiat Chrysler for another deal

Jan. 6, 2015 11:51 CET

Sergio Marchionne may not be finished with deals just yet. After completing the merger of Fiat and Chrysler and announcing a spinoff of Ferrari, the CEO said the industry is still fragmented and ripe for further consolidation....
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Toyota to invest $126M to expand powertrain operations, consolidate vehicle development in Mich.

11:10 am U.S. ET | Dec. 18, 2014

Toyota said today that it will invest $126 million to expand its powertrain operations in Ann Arbor, Mich., and consolidate vehicle development operations at a new facility in nearby York Township, Mich....
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Supplier Brose to invest $97.6M in Detroit area expansion, add 388 jobs

8:21 am U.S. ET | Dec. 17, 2014

Brose North America plans to invest $97.6 million to expand at three locations around Detroit, generating 388 new jobs....
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Bentley raises car sales target to 20,000, report says

Dec. 15, 2014 10:12 CET

Bentley is targeting 20,000 annual deliveries by 2020, double its 2013 sales, boosted by new models such as its first SUV, a report said....
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Chrysler poised to invest $266M to expand 8-speed transmission production

11:35 am U.S. ET | Dec. 9, 2014

Chrysler Group plans to invest $266 million into its massive Kokomo Transmission complex in Indiana to expand production of its eight-speed rear-wheel-drive transmission. On Monday night, elected officials in Kokomo unanimously approved a request by Chrysler for a 10-year tax abatement for the project, local media reported....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Faurecia expects to gain from megasupplier trend

Dec. 9, 2014 06:01 CET

Faurecia CEO Yann Delabriere expects the trend toward consolidation of the Tier 1 supplier base will continue, supported by two major industry drivers: globalization and technology....
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Fiat Chrysler launches $2.5 billion bond, share offer

Dec. 5, 2014 10:45 CET

Fiat Chrysler says it has launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan....
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VW will give more power to brands, regions

Dec. 4, 2014 09:21 CET

VW Group will give more power to brand managers and regional bosses, its labor leader said, as the company looks to address poor performance in markets such as the U.S. and Brazil....
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BMW, Audi lead shift from mass-market to luxury car output in Mexico

Nov. 25, 2014 11:40 CET

Mexico's relationship with German car production began nearly 50 years ago with output of VW's mass-market Beetle. Now it's becoming a place where luxury BMW, Audi and Mercedes cars roll out of billion-dollar factories....
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