Automotive

ANE's March e-magazine goes live Monday

Feb. 27, 2015 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, March 2. This month's edition looks why ultraluxury brands such as Bentley, Lamborghini, Rolls-Royce and Maserati are poised to keep experiencing unprecedented success....
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Nissan expects to reach 10% U.S. share goal ahead of schedule

9:15 pm U.S. ET | Feb. 26, 2015
Nissan North America Chairman Jose Munoz outlined a four-prong capacity expansion plan that could power Nissan to its 10 percent U.S. market share goal ahead of schedule. He also said he targets increased North American operating profit margin of at least 8 percent, thanks to an influx of high-margin nameplates such as the Murano crossover and Maxima sedan....
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HANS GREIMEL

Toyota, Mazda bet against each other in quest for 94 mpg

4:54 pm U.S. ET | Feb. 26, 2015
Japan’s largest auto manufacturer and one of its smallest are betting against each other on divergent paths to the same goal -- an incredible fuel economy rate pushing 94 mpg....
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Mini designers dream up a racy Clubman for 'Gran Turismo 6' video game

3:59 pm U.S. ET | Feb. 26, 2015
Mini has joined a growing list of automakers that have released high-performance concepts for “Gran Turismo 6” on the PlayStation 3 game system....
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Strike ends at Brazil GM plant after union flexes muscle

4:13 pm U.S. ET | Feb. 26, 2015
Workers at a General Motors factory in Brazil ended a six-day strike today after the company dropped plans to lay off 800 employees, the union said, ending the latest labor standoff in the troubled Brazilian auto industry....
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GM cuts capacity, jobs in Indonesia, where Japanese dominate

7:32 am U.S. ET | Feb. 26, 2015
General Motors is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to SUVs....
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As general election approaches, automakers fear UK exit from EU

Feb. 26, 2015 12:32 CET
Automakers with production in the UK are increasingly worried about the prospects of the country leaving the European Union. Prime Minister David Cameron has said he will offer an in-out referendum on EU membership if he wins a general election in May....
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Daimler plans years of cost cuts to offset investments to reduce CO2 emissions

Feb. 26, 2015 10:26 CET
Daimler plans to offset higher costs for technology to cut CO2 emissions with material cost savings for at least the next few years, Chief Financial Officer Bodo Uebber said....
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Ford hires 400 more than planned in Canada to support output of new Edge

12:01 am U.S. ET | Feb. 26, 2015
Ford has hired about 400 more workers than it previously said it would need to build the redesigned Edge crossover in Canada....
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GM cutting production at 2 plants as car inventory mounts, sources say

11:12 am U.S. ET | Feb. 25, 2015
General Motors is trimming production at two of its car plants amid mounting dealer inventories, an effort to reduce stocks of the Chevrolet Sonic and Camaro, Buick Regal and other models....
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U.S. orders Takata to preserve airbag inflators for federal probe

4:39 pm U.S. ET | Feb. 25, 2015
A federal safety regulator on Wednesday ordered troubled Japanese supplier Takata to preserve all airbag inflators removed through a recall process as evidence for a federal investigation and private litigation cases....
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Lender groups want answers from the CFPB

12:15 pm U.S. ET | Feb. 25, 2015
A letter sent last week by the American Financial Services Association and other trade associations to Richard Cordray, director of the Consumer Financial Protection Bureau, was aimed at prodding the CFPB to publicly respond to a study AFSA commissioned last year....
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Lexus wins 4th straight J.D. Power dependability title; Buick rises to No. 2

10:00 am U.S. ET | Feb. 25, 2015
Toyota's Lexus claimed its fourth consecutive title as most-dependable automotive brand after three years of ownership while corporate sibling Scion jumped to ninth place from 22nd a year earlier, J.D. Power and Associates said today. Buick came in at No. 2, rising three spots from last year....
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Daimler labor chief queries pace of U.S. expansion on weak euro

Feb. 25, 2015 10:54 CET
Daimler's plans to expand production in the United States should be recalibrated if the euro remains weak against the dollar, the automaker's top labor chief, Michael Brecht, said....
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Toyota says union pay demand 'impossible' because costs would jump

6:19 am U.S. ET | Feb. 25, 2015
Toyota rebuffed the largest wage increase proposal from its union since 1998, saying the raise would lift costs by about $168 million....
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Valeo sees further profit gain after beating 2014 goal

Feb. 25, 2015 10:33 CET
Valeo is targeting a further boost in profitability this year after exceeding its 2014 goals on strong demand for emissions-cutting technologies and intuitive driving systems. The company's operating profit margin rose to 7.2 percent last year beating a 7 percent goal....
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Upgrade envy has drivers trading in cars as often as iPhones

7:26 am U.S. ET | Feb. 24, 2015
Mike Fine was perfectly happy with his 2011 Nissan Xterra. Then he got a look at his son's ride. The 2015 Jeep Grand Cherokee was packed with technology: a touchscreen loaded with apps, Bluetooth, all-wheel drive and push-button start. The Nissan had none of those. Fine did what any self-respecting father would do: He ditched the 4-year-old Nissan SUV for his own Grand Cherokee....
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Toyota's most high-tech car gets ultra low-tech birth

6:47 am U.S. ET | Feb. 24, 2015
Toyota celebrated the launch of its high-tech Mirai fuel cell vehicle today from its noticeably low-tech production line. And President Akio Toyoda chose today as the celebration date for a reason. It's the five-year anniversary of when Toyoda was hauled before a congressional panel to answer questions about his company's unintended acceleration recalls....
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2015 GENEVA AUTO SHOW

Nissan Sway concept may preview new Micra

Feb. 24, 2015 12:58 CET
Nissan will unveil the Sway concept car at the upcoming Geneva auto show. The Sway will preview the automaker's next Micra subcompact, reports said. The automaker said the concept shows “how a future generation of small Nissans could look,” but didn't say whether it previews the new Micra....
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Continental increases microcontroller output in China

Feb. 24, 2015 12:45 CET
Continental says it has launched production of transmission control units on a second line at its plant in Tianjin, China. The German supplier's transmission division entered China in 1998. Aside from its factory in Tianjin, the unit has an r&d center in Shanghai....
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Germany's IG Metall union accepts 3% wage rise in Daimler, Porsche's heartland

Feb. 24, 2015 10:47 CET
Germany's biggest trade union, IG Metall, accepted a 3 percent wage increase for the country's southwest region, home to carmakers Daimler and Porsche. The union had called for a 5.5 percent increase. Deals agreed in the region traditionally serve as a template for agreements across Germany....
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GKN sees more growth this year after 2014 profits rise 4%

Feb. 24, 2015 11:12 CET
UK supplier GKN reported a 4 percent rise in annual profit last year and said it expected to grow again in 2015, helped by the continued strong demand for car parts....
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VW Eos output will end on declining cabrio demand

Feb. 23, 2015 19:06 CET
VW plans to stop making its Eos cabriolet as customer tastes shift away from convertibles in general and retractable hardtops like the Eos in particular. European sales of convertibles from volume carmakers fell 20 percent last year....
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Cadillac considers Vsport model for ATS

12:01 am U.S. ET | Feb. 23, 2015
The ATS could get an up-level Vsport model as Cadillac seeks ways to regain momentum for the compact sedan. Vsport, Cadillac's answer to Audi's S and BMW's M Sport packages, was introduced with the XTS sedan in mid-2013, followed by a version of the CTS sedan....
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American Axle Q4, full-year revenues jump on non-GM business

3:18 pm U.S. ET | Feb. 23, 2015
American Axle reported leaps in revenue for the fourth quarter and the year. The powertrain components supplier had lower net income for the quarter but growth for the year....
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