Expansion

Renault gets boost from ratings agency

Nov. 12, 2014 11:47 CET
Renault's debt was raised to investment grade by Fitch Ratings, which said the carmaker's Dacia brand and its expanding sales outside Europe are improving profitability. The agency also increased Renault's credit rating by one level....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Lotus boss will add dealers, cut costs to return struggling brand to profit

Nov. 6, 2014 06:01 CET
New Lotus CEO Jean-Marc Gales has launched a cost-cutting plan at the money-losing automaker that will include axing over a quarter of employees. The former No. 2 at PSA says his next task is to add more dealers....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Volvo CEO predicts positive 2015 in Europe, U.S.

Nov. 4, 2014 06:30 CET
Volvo CEO Hakan Samuelsson has helped turn around the Swedish automaker, which is now growing at a faster rate than BMW, Audi and Mercedes in Europe and China. The chief executive shared Volvo's future plans with Automotive News Europe....
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CHRISTIAAN HETZNER

Dissecting Daimler's motorcycle deal

12:53 pm U.S. ET | Oct. 31, 2014
Daimler's purchase of a stake in motorbike brand MV Agusta is nothing like Audi's purchase of Ducati....
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Detroit Manufacturing Systems to hire 200 workers to support new F-150

3:25 pm U.S. ET | Oct. 30, 2014
Detroit Manufacturing Systems LLC plans to hire 200 assembly workers by January 2015 to support production growth of the Ford F-150 truck....
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Porsche's pain helps create in-demand consultancy

Oct. 25, 2014 06:01 CET
Porsche's experience of recovering from the brink of insolvency two decades ago to become a profit engine for VW Group has helped it with the development of a consultancy business that has a growing list of high-profile clients....
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Ford will invest 240 million euros in UK on cleaner diesels

Oct. 20, 2014 11:31 CET
Ford will invest a further 240 million euros (190 million pounds) in its factory in Dagenham, southern England, as part of a new diesel engine program. Ford will start producing low-carbon 2.0-liter diesels at the factory late next year....
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GM's Q3 global vehicle sales up 2% on strong China, U.S. demand

10:43 am U.S. ET | Oct. 15, 2014
General Motors' global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States....
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Magneti Marelli opens first U.S. exhaust systems plant

3:49 pm U.S. ET | Sept. 30, 2014
Magneti Marelli Holding USA, the Italian parts supplier owned by Fiat Chrysler Automobiles, has opened its first exhaust systems plant in the United States, the company said....
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Honeywell revs up global turbocharger projections

12:08 pm U.S. ET | Sept. 30, 2014
The global use of turbochargers to amplify engine power, already on the rise in recent years, is expected increase even more than earlier projections -- to 49 million sales annually by 2019, supplier Honeywell said in its annual forecast....
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GM and Isuzu to jointly develop midsize pickup for global markets

7:11 am U.S. ET | Sept. 26, 2014
GM and Isuzu Motors agreed to jointly develop a midsize pickup truck for sale in several markets around the world, but not for the United States and Canada....
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HANS GREIMEL

Why climate change could stall growth in emerging markets

12:01 am U.S. ET | Sept. 26, 2014
Auto executives have long salivated over the huge future sales possible in emerging markets. But a new economic forecast says surging greenhouse gases, spurred partly by auto emissions, will throw cold water on that once-anticipated development boom....
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HANS GREIMEL

Why climate change could stall growth in emerging markets

6:51 am U.S. ET | Sept. 25, 2014
Auto executives have long salivated over the huge future sales possible in emerging markets as their teeming, upwardly mobile masses migrate from motorbikes to cars. So imagine the irony behind a new economic forecast that says surging greenhouse gases, spurred partly by auto emissions, will throw cold water on that once-anticipated development boom....
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Bentley adds models in Korea on rising ultraluxury demand

Sept. 18, 2014 12:25 CET
Bentley is adding new models in South Korea as the brand sees increased competition for ultraluxury cars in the market. The automaker says its dealership in Seoul has seen a 133 percent jump in deliveries so far this year....
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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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Nissan taps BMW's Krueger to head Infiniti

9:30 pm U.S. ET | Sept. 9, 2014
Nissan has poached BMW veteran Roland Krueger to head its leaderless Infiniti luxury unit, lending a touch of German flair to a brand struggling to break out of the second tier. Krueger, 48, steps into a brand twice stung by recent defections, first by brand President Johan de Nysschen's departure in July, then by the exit of its chairman, Andy Palmer, last week....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Grupo Antolin aims to be the world's No. 1 interiors supplier

Sept. 8, 2014 06:15 CET
Grupo Antolin wants to become the world's largest supplier of automotive interiors, passing rivals such as Magna International, Faurecia and Johnson Controls. The Spain-based supplier is already global No. 1 for vehicle headliners....
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Porsche returns to Kenya to tap expanding economy

Sept. 6, 2014 06:15 CET
Porsche is returning to Kenya after a seven-year break as it seeks to take advantage of the country's expanding economy....
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Sixt says BMW car-sharing venture is profitable in most cities

Aug. 21, 2014 11:43 CET
Germany's Sixt said its DriveNow car-sharing venture with BMW is profitable in cities where it has been operating for more than a year as sign-ups exceed forecasts....
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Aisin's North American growth drives more investment, new HQ

10:51 am U.S. ET | Aug. 19, 2014
Aisin opened a new North American headquarters in suburban Detroit in July as part of the foreign subsidiary's ongoing growth stateside....
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GM to invest $2.8 billion in Brazil over five years, Barra says

12:15 pm U.S. ET | Aug. 14, 2014
General Motors will invest 6.5 billion reais ($2.8 billion) in Brazil over the next five years, CEO Mary Barra said today. She said GM remains committed to one of its most important markets....
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2014 MANAGEMENT BRIEFING SEMINARS

The global market beckons, but where?

4:09 pm U.S. ET | Aug. 6, 2014
The auto industry will have to side-step social unrest and political obstacles to take advantage of a coming decade of overseas growth opportunity, says GM’s chief economist....
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Southeast Asia: Next boom market?

11:00 am U.S. ET | Aug. 6, 2014
Auto industry executives are still upbeat about China, but their enthusiasm for the other BRIC countries has waned. New markets are in demand -- and are being discovered -- such as Southeast Asia....
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Ford looks to build factories in fast-growing African markets

6:34 am U.S. ET | Aug. 5, 2014
Ford plans to expand its manufacturing plants in Africa, where the automaker is introducing models such as the Mustang and forecasts industrywide sales will grow 40 percent by 2020....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Porsche's rapid growth brings risks

Aug. 4, 2014 06:01 CET
Porsche sales are booming as the carmaker looks set to hit a target of 200,000 annual global sales before a 2018 deadline, but some industry watchers worry that too much emphasis on volume jeopardizes the brand's exclusivity....
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Honeymoons, hip hires, pro photos help stores

Honeymoons, hip hires, pro photos help stores

An Audi dealership has installed a spinning photo booth to deliver consistent vehicle images to online shoppers. A webpage is designed to build a harmonious relationship between a Mercedes and its new owner. Mon., November 17
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