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Automotive News Europe News Feed

News, blogs and commentary from the leader in European automotive news

Last Build Date: Sat, 24 Feb 2018 06:00:00 EST


Geely won't buy more Daimler shares 'for the time being'

Sat, 24 Feb 2018 03:45:00 EST

China's Geely does not plan to buy more Daimler shares "for the time being," it said, after its chairman Li Shufu disclosed he had a 9.69 percent stake in the German automaker.

Geely could be long-term investor Daimler needs

Sat, 24 Feb 2018 10:32:33 EST

Daimler has surpassed BMW and Audi to seize the crown of world's largest luxury automaker but it has one disadvantage - no anchor shareholder.

Italdesign seeks to boost non-VW Group business

Sat, 24 Feb 2018 00:01:00 EST

Italdesign, which has been a subsidiary of Audi since 2010, aims to return to its roots as a design and engineering consultant with a diverse portfolio of clients.

U.S., Canada ready to expand 'reverse inspections' of cargo

Sat, 24 Feb 2018 00:01:00 EST

After testing the waters for more than a dozen years, authorities are gearing up to operationalize the concept of placing U.S. Customs officers on Canadian soil to clear shipments there, rather than at the U.S. port of entry.

Gestamp lightens up for the electric-car era

Sat, 24 Feb 2018 00:01:00 EST

Gestamp will be largely insulated from the car industry's high investment costs to develop electric cars after taking steps years ago to produce the large, lightweight metal parts the vehicles need, Chairman Francisco Riberas said.

VW nearly doubled 2017 profit, tempers 2018 outlook

Fri, 23 Feb 2018 12:31:53 EST

VW Group offered a cautious earnings and sales forecast for 2018 after nearly doubling profit last year -- helped by record sales of Audi and Porsche models and cost cuts at its VW brand.

UK will align auto regulations with EU after Brexit

Fri, 23 Feb 2018 04:58:42 EST

The UK will align its regulations with the EU in some areas, including the automotive sector, after it leaves the bloc in 2019, a British government minister said.

Renault picks Sweden for first EV-only showroom

Fri, 23 Feb 2018 00:01:00 EST

Renault chose Sweden, Europe's No. 3 market for electric cars and plug-in hybrid vehicles, for its first showroom dedicated to EVs

BMW will seek China production site for Mini EVs

Fri, 23 Feb 2018 06:20:02 EST

BMW said it plans to choose a production site in China for Mini electric cars after signing a letter of intent on a joint venture with Great Wall Motor.

German solar battery maker Sonnen to link up EV users

Fri, 23 Feb 2018 03:43:28 EST

German solar battery maker Sonnen is giving away EV charging plugs to new household customers, seeking to attract drivers frustrated by the slow rollout of shared charging points and link them up to better manage power demand.

With DS 7, PSA gets upscale flagship

Fri, 23 Feb 2018 00:01:00 EST

PSA says the DS 7 Crossback will stand out from the competition because of its focus on technology, comfort and French design. The SUV is the first model developed specifically for PSA's upscale brand.

Valeo second-half profit falls 24% on randd push, U.S. tax charge

Fri, 23 Feb 2018 04:02:29 EST

Valeo's profit fell 24 percent in the second half of 2017 as the supplier faced adverse exchange rates and raw material prices, invested more in future vehicle technologies and took a one-off charge related to U.S. tax cuts.

Peugeot gives new 508 a fastback design

Thu, 22 Feb 2018 04:55:22 EST

Peugeot has given its new 508 a "fastback" design to help the car compete better in Europe's midsize segment where volume automakers are losing sales to premium rivals.

VW's Seat makes Cupra a stand-alone brand to help boost profits

Thu, 22 Feb 2018 09:43:34 EST

VW Group's Seat sees its new Cupra performance brand as a way to help the automaker achieve sustainable profitability. Seat unveiled the brand's first model, the Cupra Ateca.

Former Audi board members have homes searched in emissions probe

Thu, 22 Feb 2018 05:18:47 EST

German prosecutors searched the homes of three new suspects in connection with Audi's emissions scandal, further widening their inquiry to include former executives.

German court delays ruling on diesel ban to next week

Thu, 22 Feb 2018 04:06:06 EST

A German court on Thursday delayed a ruling on whether major cities can ban heavily polluting diesel cars, which could hit the resale value of 15 million vehicles in Europe's largest market and force automakers to pay for costly modifications.

VW may face new U.S. emissions probe

Thu, 22 Feb 2018 06:34:11 EST

A U.S. lawmaker said Congress should investigate new allegations that VW Group diesel cars were sold overseas with rigged software.

S. Korea to quickly conduct due diligence on GM's local unit, minister says

Thu, 22 Feb 2018 04:49:24 EST

South Korea plans to quickly conduct due diligence on the ailing South Korean unit of General Motors, Finance Minister Kim Dong-yeon said.

German neo-Nazis are trying to infiltrate Daimler, works council says

Thu, 22 Feb 2018 03:37:00 EST

Neo-Nazis are attempting to infiltrate Daimler to turn a key German engine factory into a showcase for their views, the plant's works council said.

Volvo speeds up electrification push with new V60 wagon

Wed, 21 Feb 2018 00:01:00 EST

Volvo will accelerate its shift toward electrified models by offering its new V60 with two plug-in hybrid powertrains. The longer, more powerful and more technologically advanced V60 will arrive at European dealers later this year.

Entrepreneur Stefan Quandt becomes BMW's most powerful shareholder

Wed, 21 Feb 2018 04:15:55 EST

Stefan Quandt has become BMW's largest-single shareholder, giving him a big enough stake to block any potential takeover of the automaker, a regulatory filing showed.

Bosch, Conti among suppliers fined by EU over anti-competitive behavior

Wed, 21 Feb 2018 08:47:34 EST

Bosch and Continental are among suppliers and car shipping firms fined a total of 546 million euros ($673.49 million) by the EU for anti-competitive behavior.

Skoda may be hit by extended strikes after unions reject latest wage offer

Wed, 21 Feb 2018 09:56:26 EST

Unions at Skoda have rejected the automaker's latest wage increase offer, raising the prospect of an extended strike at the automaker.

VW avoids strikes with 4% wage hike for German workers

Wed, 21 Feb 2018 03:21:55 EST

VW agreed to raise the wages of more than 120,000 workers in Germany by 4.3 percent, averting widespread strikes at the automaker.

GM offers $2.8 billion plan for Korea unit, report says

Wed, 21 Feb 2018 04:53:56 EST

General Motors has offered a $2.8 billion new investment plan for its South Korean business after threatening to exit the country amid mounting losses, a lawmaker from the nation's ruling party said.

Two-tone cars are back, helping the bottom line but also adding challenges

Wed, 21 Feb 2018 00:01:00 EST

Two-tone paint jobs are back with a distinct European flair. In the last few years about 20 models with the feature, largely with bodies and roofs in different colors, have hit showrooms across Europe with more to come.

Ford aims to set up German bank this year to offset Brexit risk

Wed, 21 Feb 2018 03:47:38 EST

Ford hopes to set up a bank in Germany in the second half after applying for a license in the country as part of its strategy to mitigate any risk from the UK leaving the EU.

Tesla Model S outsells German luxury flagships in Europe

Tue, 20 Feb 2018 00:01:00 EST

Germany's premium brands are under pressure to accelerate their plans for electric cars after Tesla's Model S outsold the luxury flagships of Mercedes, BMW and Audi in Europe.

Marchionne collects $36 million stock award, $12 million in base pay

Tue, 20 Feb 2018 11:05:19 EST

Fiat Chrysler CEO Sergio Marchionne collected shares valued at about 29 million euros ($35.7 million) for the three-year period ended in 2016. He also earned 9.68 million euros in base compensation and bonuses for 2017.

Lexus will debut UX crossover with tail lamp fins

Tue, 20 Feb 2018 05:09:47 EST

Lexus will commit to its belated entry in the hot small crossover segment by debuting its new UX at the Geneva auto show on March 6.

Toyota readies cheaper electric motors by halving rare-earth metal use

Tue, 20 Feb 2018 05:12:46 EST

Toyota is readying electric motors that include as much as 50 percent less in rare-earth metals amid concern of a supply crunch as automakers race to expand their EV lineups.

Why Aston Martin is mulling risky move into F1

Tue, 20 Feb 2018 00:01:00 EST

Aston Martin CEO Andy Palmer envisions the automaker entering Formula One as an engine supplier by 2021.

Seat's seven-seat SUV will be called the Tarraco

Tue, 20 Feb 2018 06:08:24 EST

Seat said it will call its new seven-seat SUV the Tarraco. The car will be the third model in Seat's SUV lineup after the subcompact Arona and the compact Ateca.

Israeli startup takes on Google in rush to process car data

Tue, 20 Feb 2018 03:59:56 EST

Israeli startup Otonomo is taking on giant software companies including Google in the rush to process and monetize the mass of data being produced by today's connected cars.

GM offers $2.2 billion debt for equity swap in return for S. Korea's support, report says

Tue, 20 Feb 2018 03:16:08 EST

General Motors has offered to convert debt of about $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, Reuters reported.

VW Vizzion previews potential Tesla Model S rival

Mon, 19 Feb 2018 10:46:02 EST

VW's I.D. Vizzion concept previews a possible flagship electric car that would compete directly with the Tesla Model S. The sedan has no steering wheel or visible controls and also hints at what a fully autonomous VW car could look like.

Why rival designers are talking up the Jaguar I-Pace

Mon, 19 Feb 2018 00:01:00 EST

It's intriguing when, without prompting, designers talk up a rival vehicle. And that's happening with the Jaguar I-Pace electric crossover.

Automakers fear potential drop in diesel values after German court ruling

Mon, 19 Feb 2018 04:48:31 EST

A court will decide later this week on whether German cities can ban heavily polluting cars, potentially wiping hundreds of millions of euros off the value of diesel cars on the country's roads.

Mercedes diesel probe in U.S. finds possible 'defeat' software, paper says

Sun, 18 Feb 2018 05:06:14 EST

U.S. investigators have found potentially illegal software modifications in Mercedes diesel cars to help the vehicles pass emissions tests, a German paper said.

Europe's luxury compact car segment forecast to decline for second year

Sun, 18 Feb 2018 00:01:00 EST

Aging models such as the BMW 1 series and Audi A3 as well as the continued rise of SUV alternatives will cause sales in Europe's compact premium segment to fall for a second consecutive year, according to market forecasters.

Italdesign will unveil $2.4 million targa

Sat, 17 Feb 2018 00:01:00 EST

Italdesign will debut the Zerouno Duerta targa at the Geneva auto show. The design and engineering company, which is part of VW Group, will build just five units of the $2.4 million two-seater.

Brexit shock begins to hit the UK car industry

Sat, 17 Feb 2018 00:01:00 EST

Brexit shock has begun to hit the UK's car industry as Vauxhall starts to cut its workforce and Jaguar Land Rover readies production curbs. But for some industry observers, there is worse to come.

Dyson wants to build 3 EV models, report says

Fri, 16 Feb 2018 00:01:00 EST

Dyson aims to bring three electric cars to market with the first launching in 2021, the Financial Times reported.

Audi denies CEO Stadler will be replaced by former Skoda boss

Fri, 16 Feb 2018 02:50:55 EST

Audi Chairman Matthias Mueller said reports of an ouster of CEO Rupert Stadler are false. A German newspaper said Stadler will be replaced in April, with former Skoda CEO Winfried Vahland seen as his most likely successor.

VW surges in mixed Q4 for European auto sector

Fri, 16 Feb 2018 00:01:00 EST

VW, Norwegian parts supplier Kongsberg and UK car retailer Vertu Motors were the best performers in terms of delivering value to their shareholders during the final quarter of 2017. The automotive sector as a whole, however, had mixed results.

Ghosn pledges 'irreversible' Renault alliance with Nissan

Fri, 16 Feb 2018 05:29:41 EST

Carlos Ghosn pledged to cement Renault's partnership with Nissan and Mitsubishi, saying the companies will come up with a plan in the next few weeks to make the alliance "irreversible."

VW staff are unconvinced of culture change

Fri, 16 Feb 2018 03:55:23 EST

Almost two thirds of VW employees in Germany see no improvement in the automaker's corporate culture nearly two and a half years after its diesel-emissions fraud was revealed.

Kia will partially electrify Ceed lineup

Fri, 16 Feb 2018 04:24:31 EST

Kia will partially electrify its Ceed lineup with a 48-volt mild hybrid but has no plans to add a full-electric version.

Faurecia profit rises 34% in 2017

Fri, 16 Feb 2018 04:30:34 EST

Faurecia's net income in 2017 climbed 34 percent to 714.5 million euros ($896.4 million), as the supplier saw strong growth across all its main markets.

Renault posts record earnings, strengthening Ghosn's hand

Fri, 16 Feb 2018 02:35:23 EST

Renault posted record sales and profit for 2017, bolstering CEO Carlos Ghosn's position in the face of government demands for a clearer succession plan and deeper integration with alliance partner Nissan.