Company Information

Bosch benefits from ZF's bid to buy TRW

Sept. 16, 2014 12:45 CET
Robert Bosch is an unexpected beneficiary of ZF's plans to purchase TRW. Bosch is poised to take full control of a steering joint venture it co-founded with ZF that makes systems that are key to creating driverless cars....
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Opel shakes up Russia operations

Sept. 16, 2014 09:30 CET
Opel will reorganize its Russian operations in response to difficult market conditions amid the crisis over Ukraine. The GM subsidiary will reduce output at its St. Petersburg plant to one shift....
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Bosch benefits as new ZF-TRW combo enters driverless car fray

6:51 am U.S. ET | Sept. 16, 2014
Robert Bosch GmbH gained full control over key automotive technology, positioning the world's biggest parts supplier as an unexpected beneficiary of ZF Friedrichshafen AG's leap into the No. 2 position....
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Tesla shares tumble as bullish analyst raises cautions about growth

5:04 pm U.S. ET | Sept. 15, 2014
One of Tesla's strongest supporters on Wall Street issued a cautious report on the maker of luxury electric cars today, sending its shares skidding 9 percent on Monday. Tesla stock rebounded slightly on Tuesday, rising 2.7 percent....
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ZF to purchase TRW for $105.60 a share

Sept. 15, 2014 16:02 CET
ZF has reached a deal to buy TRW Automotive for $105.60 per share. The transaction will create the world's second-largest auto supplier with combined revenue of about 30 billion euros ($41 billion)....
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ZF to sell steering-venture stake to Bosch to help TRW deal

Sept. 15, 2014 09:11 CET
ZF will sell its stake in a joint venture to partner Robert Bosch. The deal paves the way for ZF to buy TRW to create the world's No. 2 automotive supplier....
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U.S. Treasury chief warns China on antitrust probes of foreign companies

2:32 pm U.S. ET | Sept. 15, 2014
Treasury Secretary Jack Lew warned the Chinese government that a recent spate of antitrust investigations against foreign automakers and other companies could have serious implications for U.S.-China relations....
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Raising the temperature fast

How automakers, suppliers are preparing for tougher emissions rules

12:01 am U.S. ET | Sept. 14, 2014
The EPA's stricter Tier 3 emissions standards take effect in 2017. To meet the standards in the early years, automakers will adopt well-known technology to increase engine efficiency. Then the hard work starts....
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ZF set to sell stake in steering venture to Bosch to smooth TRW takeover, report says

Sept. 13, 2014 06:01 CET
ZF Friedrichshafen is nearing a sale of its steering business as part of its proposed acquisition of TRW Automotive to resolve expected antitrust issues, a German newspaper reported....
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VW-SAIC joint venture names industry veteran as president

Sept. 12, 2014 16:30 CET
Shanghai Volkswagen Automotive, a joint venture between VW and SAIC Motor, hired veteran executive Chen Zhangxian as its new president. Shanghai VW operates five plants in China and sold 1.1 million VW and Skoda vehicles in the first eight months....
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Ferrari to launch a 10-unit limited-edition model for the U.S.

3:36 pm U.S. ET | Sept. 12, 2014
Ferrari Chairman Luca Cordero di Montezemolo’s last public act at the helm of the Italian supercar maker will be the unveiling of a limited-edition model destined for the U.S. market only....
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GILLES CASTONGUAY

Montezemolo's Ferrari departure no laughing matter

4:48 am U.S. ET | Sept. 12, 2014
After Ferrari Chairman Luca Cordero di Montezemolo said he will no longer lead the sports car brand, he and Sergio Marchionne made a great show of being good friends, but they weren't fooling anyone....
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Porsche SE does first post-VW deal, buying 10% stake in traffic tracker Inrix

Sept. 12, 2014 17:05 CET
Porsche Automobil Holding bought a 10 percent stake in U.S. traffic information provider Inrix for $55 million, its first move to expand its assets beyond a controlling stake in Volkswagen....
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European chamber urges China to ease aftermarket rules

Sept. 12, 2014 14:03 CET
The European Union Chamber of Commerce in China has urged the nation's government to allow more competition for vehicle aftermarket service as it says current regulations are the "key driver" of the monopoly situation that has led to state probes within the auto industry....
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VW, Chrysler fined $46 million by China regulator for price monopoly

Sept. 11, 2014 11:10 CET
VW Group and Chrysler were fined a combined $46 million by China's anti-monopoly regulator in the first-ever punishment of foreign carmakers for price fixing. The penalty raised the possibility of similar fines for Mercedes and Jaguar Land Rover....
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Ferrari will build more cars with Marchionne as chairman to keep pace with super rich

Sept. 11, 2014 16:18 CET
Ferrari will cater to growing numbers of super rich clients by building more cars than previously planned after Sergio Marchionne becomes chairman of the company. Marchionne said in May that the brand had the potential to sell about 10,000 vehicles annually, a rise of 43 percent over current figures....
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Jeep launches Renegade into fast-growing segment

Sept. 11, 2014 14:26 CET
Jeep will begin later this month its foray into the market for subcompact SUVs -- the industry's fastest-growing volume segment -- when it starts sales of the Renegade,...
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Fiat's Marchionne sticks to 2014 guidance

Sept. 11, 2014 15:57 CET
Fiat CEO Sergio Marchionne says he sees no reason at present to review the carmaker's 2014 financial guidance despite weakness in Europe and Latin America. After poor second-quarter results from Fiat, analysts were widely expecting a cut in guidance....
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Hertz reaches pact with Icahn to replace 3 directors

4:44 pm U.S. ET | Sept. 11, 2014
Hertz Global Holdings reached an agreement in principle with billionaire investor Carl Icahn to appoint three directors to the board of the rental-car company in place of current members....
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Opel targets Chevy buyers with new entry-level car

Sept. 11, 2014 12:41 CET
Opel/Vauxhall will launch a budget minicar in Europe next year to win customers from the Chevrolet brand, which will be discontinued in the region at the end of 2015....
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AMY WILSON

How two old friends made the AutoNation-Barrier deal happen

11:01 am U.S. ET | Sept. 11, 2014
Jimmy Barrier's decision to sell his Seattle-area luxury-brand dealerships to AutoNation was more than 30 years in the making. That's how far back Barrier goes with AutoNation CEO Mike Jackson....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Citroen touts 'cheerful' C1

Sept. 11, 2014 06:15 CET
Citroen is touting the C1's "cheerful" front-end design, open-top variant and a modern infotainment system as key attractions for the latest-generation minicar....
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2014 PARIS AUTO SHOW

Honda revives the HR-V to attract younger buyers

Sept. 11, 2014 06:01 CET
Honda is reviving the HR-V name for its new subcompact SUV as it seeks to attract new and younger buyers to the brand. The HR-V is the European version of the Vezel....
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Athletic Mazda2 debuts as test on many levels

9:00 pm U.S. ET | Sept. 10, 2014
Mazda unveiled a more athletic fourth-generation Mazda2 hatchback late Wednesday, deploying its latest Skyactiv drivetrain and chassis technologies into the subcompact segment. The upgrade is sorely needed to keep the pint-sized car relevant in an increasingly competitive field against such upstarts as the hot-selling Chevrolet Sonic and Ford Fiesta....
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Marchionne to become Ferrari chairman as Montezemolo quits

Sept. 10, 2014 08:57 CET
Luca Cordero di Montezemolo will step down as chairman of Ferrari as of Oct. 13 and will be replaced by Fiat Chrysler CEO Sergio Marchionne, Fiat said....
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Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, Ray and Rik Fregia are seeing sales boom after million-dollar overhauls at their three stores. Mon., September 15
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