European UnionEU sees no grounds to extend car coolant deadline despite safety concernsFeb. 11, 2013 17:49 CET The European Commission sees "no grounds" to give German automakers more time to comply with EU law requiring a less polluting coolant to be used in vehicle air-conditioning, a letter seen by Reuters said, despite safety concerns.... Read More »
PSA bank unit gets temporary EU OK for bond guaranteeFeb. 11, 2013 12:34 CET  PSA's finance arm was granted temporary EU approval to receive a French government guarantee backing the issuance of 1.2 billion euros of new bonds. France must submit a restructuring plan covering the entire PSA group within six months to win final approval.... Read More »
Automakers exploit loopholes to boost green credentials, EU report saysFeb. 10, 2013 06:01 CET  European car manufacturers are exploiting test loopholes to exaggerate their vehicles' green credentials, a European Commission study found. The report is likely to stoke an already heated debate on EU CO2 emissions standards... Read More »
Supplier group CLEPA achieves new milestoneFeb. 8, 2013 13:35 CET Powertrain component producer Dana this month became the 100th member of the European suppliers association, CLEPA. Partsmakers are counting on the Brussels-based lobby group to help them cope with tough times in Europe, CEO Jean-Marc Gales said.... Read More »
EU needs leap in electric, hybrid cars to reach carbon goals, study saysJan. 29, 2013 09:17 CET  The EU needs a leap in the number of electric and hybrid cars on the road over the next decade to succeed in cutting auto carbon emissions significantly by 2025, a British consulting firm found.... Read More »
European politicians brace for clash on car CO2 lawJan. 20, 2013 06:01 CET  EU politicians are sharply divided between those keen for ambitious green car standards they say are needed to keep up with U.S. goals and those trying to limit the regulatory impact on makers of big luxury cars.... Read More »
EU must cut diesel emissions, officials sayJan. 10, 2013 11:37 CET  The European Union must cut emissions from diesel vehicles as part of a drive to reduce air pollution, which causes nearly half a million premature deaths a year, EU officials said. The call comes as the EU says it will publish legislative proposals to improve air quality in the second half of this year.... Read More »
France seeks EU approval for PSA aid, report saysJan. 9, 2013 10:09 CET  The French government has officially sought approval from the European Union for its 7 billion euro ($9.2 billion) state loan guarantee for PSA's financing arm, a French newspaper reported today.... Read More »
How Renault's low-cost Dacia has become a 'cash cow'Jan. 2, 2013 06:01 CET  Once considered a risky bet, Romanian automaker Dacia has become Renault's global profit machine. Europeans think of Renault's Dacia lineup as cheap, entry-level models that compete with used cars for sales. But Dacias are built and sold around the world, often badged as Renaults, for handsome prices.... Read More »
Free trade pacts prompt Koreans to eye imports over Hyundai, Kia 12:01 am U.S. ET | Dec. 22, 2012  Two trade deals and a shift in Korean consumer sentiment have cut domestic sales of Hyundai, Kia and the country's three other automakers by 5.2 percent this year, according to the Korea Automobile Manufacturers Association.... Read More »
Automakers on track to meet CO2 emissions targetsDec. 9, 2012 06:01 CET Automakers are expected to easily meet the European Union's CO2 emissions target to 130 grams per kilometer by 2015. They also are on track to comply with the tougher 2020 fleet goal of 95g/km, a report shows.... Read More »
EU will start free trade talks with Japan despite carmaker fearsNov. 29, 2012 13:47 CET EU trade ministers agreed to start negotiations toward a free-trade agreement with Japan despite resistance from European carmakers.... Read More »
European car market shrinkage slows in OctoberNov. 16, 2012 08:16 CET  Europe's new car market shrank at a slower pace in October than in recent months, but nearly all major groups still suffered double-digit declines, as consumers showed little inclination to make big-ticket purchases in a slow economy.
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China's luxury car demand to boost aluminum usage, Novelis saysNov. 16, 2012 08:49 CET Novelis, the largest supplier of flat-rolled aluminum products to the auto industry, expects aluminum usage by carmakers in China to beat estimated annual global growth rates as demand surges for luxury car brands.... Read More »
FROM THE CURRENT ANE PRINT ISSUE Are Korean automakers winning the right way in Europe?Nov. 14, 2012 06:01 CET  While struggling European carmakers reduce production and consider plant closures, Hyundai and affiliate Kia are reporting record sales. The Korean brands attribute buoyant sales to their lean organizations and modestly priced, desirable new cars. Others disagree.... Read More »
Stadler says Audi to hit 2012 global sales goal despite Europe's slumpNov. 14, 2012 06:01 CET  Audi, the world's second-largest maker of luxury cars, said it's on track to reach a goal of selling a record 1.4 million vehicles in 2012 and expects the momentum to continue into next year.... Read More »
Stadler says Audi to hit 2012 global sales goal despite Europe's slump 1:19 pm U.S. ET | Nov. 13, 2012  Audi, the world's second-largest maker of luxury cars, said it's on track to reach a goal of selling a record 1.4 million vehicles in 2012 and expects the momentum to continue into next year.... Read More »
EU rejects French request to monitor South Korean car importsOct. 22, 2012 20:04 CET EU regulators rejected France's demand to monitor imports of South Korean cars more closely. European carmakers opposed the agreement, saying it would give an unfair edge to Hyundai and Kia.... Read More »
Europe hit by biggest car sales drop in almost 2 yearsOct. 16, 2012 10:04 CET  European new-car sales plunged the most in almost two years, with Renault and Fiat posting the steepest declines, as the region's sovereign-debt crisis led to reduced demand in Germany, its largest economy.... Read More »
VW Group braces for 'tougher' business as Europe's slump deepensSept. 25, 2012 16:46 CET  VW Group warned that business conditions had become tougher amid declining auto markets. The business environment has become "significantly more difficult and tougher," the company said in a statement, citing CEO Martin Winterkorn.... Read More »
VW Group braces for 'tougher' business as Europe's slump deepens 10:46 am U.S. ET | Sept. 25, 2012  Volkswagen Group warned again Tuesday that business conditions had become tougher amid declining auto markets. The business environment has become "significantly more difficult and tougher", the company said in a statement, citing CEO Martin Winterkorn, who addressed a staff gathering at the group's headquarters in Wolfsburg, Germany.... Read More »
Fiat's Marchionne says German peers 'deaf' to call for EU helpSept. 15, 2012 11:04 CET  Fiat CEO Sergio Marchionne said German carmakers are sticking to their opposition to his efforts to form a united front to push the EU to address overcapacity in the region.... Read More »
Fiat will continue to receive EU loan for Serbia plantAug. 31, 2012 15:01 CET  The European Investment Bank will continue disbursing a 500 million euro ($625 million) loan to Fiat for a new plant in Serbia, that builds the 500L minicar, even though the government there has slowed down investment pledged for the factory.... Read More »
Hyundai, Kia accused of dumping by French ministerAug. 28, 2012 14:00 CET  Hyundai and Kia have been accused of dumping practices by French Industry Minister Arnaud Montebourg, who says the tactic is hurting domestic automakers. Montebourg has asked the European Commission to investigate the legality of the Hyundai Group’s strategy in France and Europe under the terms of a trade agreement between the European Union and South Korea.... Read More »
Europe's auto industry won't see full recovery until 2020, study saysAug. 27, 2012 06:01 CET  The European auto market won't return to pre-crisis levels until the end of the decade, according to a study. Western Europe will see demand for new passenger cars and light commercial vehicles fall by about 1 million next year to 13.5 million.... Read More »
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