Europe

German prosecutors drop case against Porsche board

Aug. 14, 2015 18:20 CET

German prosecutors have dropped a case against members of Porsche Automobil's supervisory board, which includes Ferdinand Piech and Wolfgang Porsche, for suspected market manipulation. But they are still pursuing a separate case against Porsche's former CEO and CFO....
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Mercedes' China surge pushes it past BMW, Audi in July

Aug. 14, 2015 11:55 CET

Mercedes sold more luxury cars worldwide than the Audi and BMW brands in July as its rising deliveries in China defied a market slowdown there. Mercedes' surge left it just 272 units behind Audi after seven months for second place in the global premium-car sales race....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector takes hit in Q2

Aug. 14, 2015 06:01 CET

As European stock markets retreated in the second three months of this year automakers and suppliers relinquished some of the strong gains they had recorded in shareholder value in the first quarter. The latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices reveal that the value of automakers in Q2 fell 6.5 percent while the value of their suppliers dipped 0.5 percent....
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Spain's 2015 sales forecast to top 1 million

Aug. 13, 2015 06:01 CET

New-car sales in Spain are forecast to increase by 23 percent this year to top 1 million for the first time in five years as the country's economic recovery takes hold....
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BMW sales rise 5.6% as Europe offsets China slump

Aug. 12, 2015 12:35 CET

BMW Group said on Wednesday that deliveries of its Mini, BMW and Rolls-Royce cars rose 5.6 percent to 173,195 in July to a new record as demand in Europe offset falling sales in China and the U.S....
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Daimler seeks way around France's 35-hour workweek

Aug. 12, 2015 12:23 CET

Daimler is trying to circumvent France's 35-hour workweek. It wants workers in Hambach, where it makes the Smart ForTwo, to put in more hours and has hinted that it may shift production if it cannot reach an agreement with employees....
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Jaguar Land Rover plans new plant in Slovakia

Aug. 11, 2015 10:39 CET

Jaguar Land Rover has signed a letter of intent to build a new car plant in Nitra, western Slovakia. JLR will carry out a feasibility study for the factory, which is expected to open in 2018 and reach an annual output of up to 300,000 vehicles by 2025....
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Russian car sales slump eases on gov't incentives

Aug. 10, 2015 23:59 CET

Russian car sales dropped at the slowest pace since their slump resumed in January as the government used subsidies and other incentives to counter falling consumption....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

New Fiat 500, Italy's rebound poised to boost minicars

Aug. 10, 2015 06:01 CET

Italy's economic rebound and the arrival of the refreshed Fiat 500 will help pull European minicar sales out of a slump that caused the segment to drop to a five-year low in 2014, analysts predict....
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BENTLEY'S HANDCRAFTING WEAPON

Lavishing leather, wood to defend ultraluxury

12:01 am U.S. ET | Aug. 10, 2015

Bentley Motors hopes to distance the British brand from competitors creeping into its ultra-luxury turn with a strategy of handcraftsmanship vs. machines....
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Lifan starts work on assembly plant in Russia

Aug. 9, 2015 06:01 CET

Chongqing Lifan Industry has started work on an assembly plant in Russia's western state of Lipetsk Oblast to build up to 60,000 Lifan cars a year from complete knockdown kits imported from China,...
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

European H1 sales growth tops predictions, but Greece causes concern

Aug. 7, 2015 06:01 CET

Europe's first-half vehicle sales grew by a stronger-than-expected 8.2 percent, a gain that was double even the most optimistic full-year forecast made by analysts at the end of 2014. There are questions marks, however, on whether the upward trend will continue as instability resulting from the Greek crisis could start to affect vehicle sales as early as this month....
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Western Europe car sales rise 9%, boosted by Germany, Italy, Spain

Aug. 7, 2015 06:01 CET

Western European new-car sales jumped 8.8 percent in July, boosted by higher demand in Germany and recovering Italian and Spanish markets, analysts LMC Automotive said. LMC raised its full-year forecast for the region....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

AvtoVAZ CEO Andersson foresees sales surge from key Lada debuts

Aug. 7, 2015 06:01 CET

Former General Motors purchasing chief Bo Andersson faced a massive task when he was hired to turn around AvtoVAZ, Russia's automotive giant, two years ago. Despite the challenge of a slumping Russian market, Andersson is bullish about the future of the company that builds Lada cars....
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UK car sales growth slows in July; 'muted' growth forecast for second half

Aug. 6, 2015 12:14 CET

UK new-car registrations rose 3.2 percent to 178,420 in July, driven by sales of small cars and SUVs, according to the SMMT industry association. Growth likely will level off in the second half, it said....
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Production cost savings lure suppliers to Eastern Europe

11:00 am U.S. ET | Aug. 5, 2015

Thanks to lower production costs, suppliers continue to head to Eastern Europe, often following the trail of their customers....
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German suppliers chase opportunities in China

11:00 am U.S. ET | Aug. 5, 2015

Companies in China with Western participation such as SAIC Motor Corp. and China FAW Group Corp. are still the engines of growth there. But domestic Chinese companies such as Chery Automobile Co. and Geely have been carried along in their wake and are strongly advancing on them. That could give German suppliers a new foothold in China....
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German car industry criticized by environment agency over emissions

Aug. 4, 2015 17:11 CET

A trend by German automakers to build more powerful, heavier cars is helping to increase greenhouse gas emissions, the country's environment agency said....
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European car sales rebound continues in July

Aug. 4, 2015 10:57 CET

The recovery in European car sales continued in July as sales rose in the major markets of Germany, France, Italy and Spain....
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French car sales rise 2% percent in July

Aug. 3, 2015 09:23 CET

French car sales rose 2.3 percent in July, led by strong gains at Fiat, Hyundai and Toyota. Most volume brands boosted volume except Renault, whose sales fell on aging products....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Check out the ANE e-magazine for August

Aug. 3, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine is ready for you to view. This month's edition highlights Europe's first-half sales winners and looks at whether Greece's financial crisis will slow the region's stronger-than-expect rebound....
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Spain fines GM, Ford, other automakers for anti-competitive practices

July 31, 2015 06:01 CET

Spain's CNMC competition authority fined 21 automakers and two consultancy firms 171 million euros for anti-competitive practices. GM and Ford were given the highest penalties....
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ANE's August e-magazine goes live Monday

July 31, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, August 3. This month's edition highlights Europe's first-half sales winners and looks at whether Greece's financial crisis will slow the region's stronger-than-expected rebound....
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France prepares to sell 5% stake in Renault

July 30, 2015 13:41 CET

France is preparing to sell the 5 percent Renault stake it acquired earlier this year to secure a doubling of voting rights for longer-term investors, Economy Minister Emmanuel Macron said....
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French minister sees smoother return to Iran for Renault than PSA

July 30, 2015 12:47 CET

PSA/Peugeot-Citroen, previously the market leader in Iran, could find it more difficult to return to the country than rival Renault following a dispute over the carmaker's 2011 market exit, Laurent Fabius, France's foreign minister, said after talks with Iranian leaders....
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