Europe

Honda will upgrade UK plant, move CR-V production to Canada

March 31, 2015 10:30 CET

Honda will upgrade its UK factory to turn it into a global production hub for the next-generation Civic compact car. The automaker will also transfer production of its European-market CR-V crossover from the UK to Canada....
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Hyundai names sales veteran Schmid as No. 2 in Europe

March 31, 2015 11:21 CET

Hyundai has promoted Thomas Schmid to chief operating officer in Europe. He succeeds Allan Rushforth, who quit the automaker last October to become Nissan's global sales chief....
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ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investors

March 30, 2015 09:14 CET

The chairman of China National Chemical Corp. (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange. A counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy, he warned....
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LUCA CIFERRI

BLOG: While others stand up, Italy stands aside

12:01 am U.S. ET | March 30, 2015

Formula One tire supplier Pirelli will have a Chinese owner, while Ferrari styling house Pininfarina could be acquired by an Indian company. Ducati, Lamborghini and Italdesign Giugiaro are already in German hands. So why isn't Italy doing what other countries are doing to protect its domestic auto sector?...
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Dutch regulators raid Uber over court ruling compliance

March 27, 2015 11:41 CET

A Dutch regulatory agency raided the Amsterdam offices of ride-sharing service Uber in connection with its UberPOP unit after a court deemed it illegal in December....
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PSA picks France factory over Spain for engine production expansion

March 27, 2015 09:47 CET

PSA said it has chosen a French factory over a rival Spanish plant to expand engine production. PSA will upgrade its Tremery site to produce the turbocharged version of a three-cylinder engine already manufactured there. The plant beat out PSA's factory in Vigo, Spain, for the additional 200,000 engines a year....
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PSA, Mitsubishi cuts jobs in Russia, halt output again

March 27, 2015 11:06 CET

PSA and Mitsubishi will halt production at their joint venture plant in Russia for the second time this year and cut 100 jobs....
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Pirelli CEO sees strong future with ChemChina, no talks on counterbid

March 27, 2015 12:07 CET

Pirelli has a strong future with China National Chemical Corp. and is not talking to others about a possible counterbid, CEO Marco Tronchetti Provera said. ChemChina agreed to become the majority owner of the world's fifth-largest tire maker in an $8 billion deal. The market speculated that Bridgestone could be putting together a counterbid....
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Delphi employees killed in France plane crash

March 25, 2015 12:26 CET

Two Spain-based Delphi employees were among the 150 victims of a plane crash in a remote part of the French Alps. The employees were traveling to a meeting in Germany....
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India's Mahindra said to be in talks to buy car designer Pininfarina

7:49 am U.S. ET | March 25, 2015

Mahindra & Mahindra, India's largest maker of SUVs, is in talks to buy Italian auto design and engineering company Pininfarina SpA, people familiar with the matter told Bloomberg....
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Volvo appoints Europe boss as part of global reorganization

March 24, 2015 11:43 CET

Volvo named Anders Gustafsson as head of Europe, Middle East and Africa, one of three global business regions that also include new divisions for the Americas and Asia....
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Volkswagen will cut production, jobs at Russian plant

March 23, 2015 11:55 CET

Volkswagen said it will reduce shifts and lay off at least 150 workers at its car plant in Kaluga, Russia, as demand shrinks. The company builds Audi, VW and Skoda cars in Kaluga....
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Russia boosts auto industry aid to $424 million

March 23, 2015 17:24 CET

Russia plans to spend more than 25 billion rubles ($424 million) in state funds to support its ailing auto industry, increasing the amount of aid it allocated last week....
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NEWS ANALYSIS

In Russia: Ford holds; GM folds

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

Ford may be suffering just as badly from the meltdown in Russian car sales, but don't expect it to follow General Motors' lead and abandon dealers, suppliers and employees in Russia by exiting the market....
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JLR chief Speth to keynote U.K. congress

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

Ralf Speth, CEO of Jaguar Land Rover, will be keynote speaker at the Automotive News Europe Congress on June 10 in Birmingham, U.K....
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Russia approves $166 million in subsidies for car plants

March 20, 2015 09:47 CET

Russia will provide carmakers with 10 billion rubles ($166 million) in subsidies in a bid to support an industry struggling to cope with the country's economic downturn. The Russian car market is forecast to shrink by up to 35 percent in 2015 after falling by 10 percent last year....
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Audi has no plans for rival to BMW's minivans

March 20, 2015 06:01 CET

Audi development boss Ulrich Hackenberg says the automaker does not need minivans to reach its target of 2 million annual sales -- in contrast to BMW, which has launched two compact minivans to help attract family buyers....
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Automakers stay in Russia despite risk of high losses

March 19, 2015 12:39 CET

Automakers such as Volkswagen, Renault and Ford continue to compete for market share in Russia, even as GM scales back in the country. Companies risk losing as much as $2,000 on each car sale, according to a Russian dealership association....
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GM's Russia sales hit by low adaptability to consumers, ruble fall, report says

March 19, 2015 10:59 CET

GM's car sales in Russia suffered because the company did not adapt to Russian consumer needs, the government's industry and trade ministry was quoted as saying. GM is idling its St. Petersburg plant and pulling Opel and mainstream Chevrolet models from the market....
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SsangYong suspends exports to Russia on weak ruble

March 19, 2015 11:55 CET

SsangYong has suspended exports to Russia as the plunging ruble hits demand in the automaker's biggest export market. In the first two months, the automaker's sales fell 61 percent in Russia....
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Daimler will upgrade key German plant for fuel-efficient engines, fuel cells

March 18, 2015 22:23 CET

Daimler will invest billions of euros to modernize its powertrain factory in Untertuerkheim, near Stuttgart. The plant will become a center of competence for fuel-efficient engines, hybrid drivertrains and the production of fuel cell systems....
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SGL eyes more cutbacks on weak graphite electrode markets

March 18, 2015 16:59 CET

Germany's SGL, the materials supplier for carbon fiber reinforced parts in BMW Group's electric cars, has stepped up cost cutting efforts again to grapple with a difficult market for graphite electrodes used in steel recycling....
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GM's Opel to exit Russia, Chevy to reduce lineup to 'iconic' models

9:10 am U.S. ET | March 18, 2015

General Motors' Opel division will exit the plunging Russian market and abandon production at its plant in St. Petersburg by the end of the year. In addition, Chevrolet will scale back its presence in Russia, selling “iconic” U.S.-built models such as the Corvette, Camaro and Tahoe....
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VW Chairman Piech, Porsche family on witness list in hedge-fund lawsuit

March 18, 2015 11:35 CET

VW Group Chairman Ferdinand Piech and Porsche SE Chairman Wolfgang Porsche are among 21 people who will be asked to testify by a German court in a 1.8 billion euro lawsuit filed by two U.S. hedge funds....
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FCA axes Chrysler in UK to focus on Jeep

March 17, 2015 18:35 CET

Fiat Chrysler Automobiles is ending sales of Chrysler cars in the UK to focus on its Jeep brand. FCA sells the U.S.-built Chrysler 300C sedan and Voyager large minivan in the UK, alongside the Lancia Delta compact and Ypsilon subcompact cars, which are both rebadged as Chryslers....
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