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BMW Q1 profit falls nearly 3% on currency, development spending

May 3, 2016 08:36 CET

BMW's first-quarter operating profit slid nearly 3 percent due to currency headwinds and higher investment in new technologies such as self-driving cars.
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FCA's Marchionne adds Ferrari CEO title after Felisa retires
May 2, 2016 10:36 CET | UPDATED: May 2 17:00 - adds details

Ferrari appointed Chairman Sergio Marchionne to replace Amedeo Felisa as CEO, adding yet another title for the Italian-Canadian manager, who also runs Fiat Chrysler. ...
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Ferrari raises forecast after Q1 profit jumps 19%
May 2, 2016 16:41 CET

Ferrari said its net profit rose 19 percent to 78 million euros ($90 million) in the first quarter, its first as an independent company. ...
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VW could face worker protests if wage talks delayed, union warns
May 2, 2016 16:38 CET

Volkswagen was warned by Germany's biggest trade union that it could face protests from workers if it sought to delay talks about wage rises for 120,000 staff who work fo ...
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U.S. threatens to block easing of EU car exports in trade talks, reports say
May 2, 2016 10:43 CET

The U.S. is threatening to prevent the easing of export controls on European cars in talks on the Transatlantic Trade and Investment Partnership free trade deal, German m ...
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Takata sets aside additional $189 million to cover airbag recall costs
May 2, 2016 12:39 CET

Takata raised provisions for its airbag recalls that involve more than a dozen auto manufacturers, after denying reports that the biggest safety crisis in the industry's ...
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE
How PSA plans to become industry's 'most efficient' carmaker
May 1, 2016 06:01 CET

PSA Group CEO Carlos Tavares has named his latest strategy Push to Pass. The racing term seems appropriate as Tavares seeks to pass rivals to become the world's most effi ...
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VW sees big U.S. growth potential; new strategy planned
May 1, 2016 06:01 CET

VW is working on a new strategy for its core brand in the U.S., which executives said is the most important source of long-term growth for the automaker. "We believe that ...
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE
Mini boss sees risks & rewards from further expanding brand
April 30, 2016 06:01 CET

Mini sales reached a record last year, but now the question is whether the BMW Group subsidiary can push volume even higher and what models it needs in its "superheroes" ...
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Renault defends Ghosn's $8 million pay amid shareholder revolt
April 29, 2016 18:27 CET

Renault's board stuck by its decision to pay Carlos Ghosn $8.2 million for 2015 in defiance of a non-binding shareholder vote against the CEO's package. ...
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French probe highlights gap between real-world and lab test emissions
April 29, 2016 10:47 CET

French officials found that some cars they tested had higher CO2 and NOx emissions on the road than in laboratory tests but discovered no "cheat" devices. ...
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COMMENTARY
VW offers a look inside the diesel scandal — and it is not pretty
April 29, 2016 11:24 CET

Buried in VW's 400-page annual report are crucial details on the diesel-emissions scandal that investors can't afford to ignore. They show that the automaker failed to un ...
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Fiat Chrysler and Google owner Alphabet near self-driving cars deal, reports say
April 29, 2016 08:44 CET | UPDATED: April 30 11:30 CET - adds possible May 6 reveal

Fiat Chrysler and Google owner Alphabet are close to a deal on a technology partnership for self-driving cars, multiple reports said. ...
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Continental raises margin target after Q1 profit gain
April 29, 2016 10:19 CET

Continental raised its profit margin target for this year after stronger demand for tires and industrial components pushed first-quarter profit and sales higher. ...
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Daimler appoints Deloitte to aid U.S. diesel engine probe
April 29, 2016 18:34 CET

Daimler appointed investigators from Deloitte Touche Tohmatsu to help gather documents and emails on its diesel-engine emissions as part of a probe requested by the U.S. ...
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Autoliv sees annual sales growth of 7% after robust Q1 earnings
April 29, 2016 12:43 CET | UPDATED: April 29 15:57 CET - adds detail

Autoliv, continuing to generate new business in the wake of the Takata airbag recall crisis, reported a bigger than expected rise in first-quarter earnings and raised its ...
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VW brand stumbles to Q4 loss on emissions crisis
April 28, 2016 08:17 CET | UPDATED: April 28 11:20 CET - new story

VW Group's namesake car brand slumped to a loss in the fourth quarter as the automaker's emissions-cheating scandal tarnished its reputation and added costs to appease cu ...
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VW eyes new partners; not talking with Google, Apple
April 28, 2016 10:47 CET | UPDATED: April 28 12:33 CET - adds comment

VW will open itself up to more partnerships and strategic investments to help generate a "substantial proportion" of its revenue from new business models, CEO Matthias Mu ...
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VW to pay top execs $72 million for 2015
April 28, 2016 10:14 CET | UPDATED: April 28 10:55 CET -- correction

VW Group said it plans to pay the 12 current and former members of its management board $71.8 million for 2015, a year when Europe's largest carmaker posted a record loss ...
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Ford profits soar on Europe rebound, record North America results
April 28, 2016 13:15 CET

Ford today posted the highest quarterly pretax profit in its 113-year history as its European operations earned more in the first three months than in all of 2015 and the ...
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More Breaking News »    
 
Lightweighting push puts pressure on leather

Nick Gibbs
12:01 am U.S. ET | April 29 2016

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Automakers' growing desire to cut weight from cars wherever they can is significantly boosting sales of an upmarket leather alternative, says the boss of the company that... ...
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VW's other headache: workers' demand for a 5% pay hike

Christiaan Hetzner
4:06 am U.S. ET | April 20 2016

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Volkswagen has enough money to cover the costs of its emissions-rigging scandal. ...
 Read More ›

VW's tone-deaf management


8:56 am U.S. ET | April 13 2016

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In view of Volkswagen's emissions-rigging scandal, it's amazingly tone-deaf and irresponsible that t ...
 Read More ›

Google and Apple can be good for industry, Renault-Nissan connectivity chief says

Bruce Gain
12:01 am U.S. ET | April 13 2016

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Are Google and Apple enablers or disruptors? A little of both, says Ogi Redzic, Renault-Nissan's head of connected vehicles and mobility services. ...
 Read More ›

Will the Mercedes pickup truck be called X class?

Jay Ramey
12:01 am U.S. ET | April 8 2016

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Mercedes will preview its upcoming pickup truck at the Paris auto show this autumn, according to a m ...
 Read More ›

Bo Andersson shares lessons learned at Lada

Nick Gibbs
12:01 am U.S. ET | April 7 2016

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Bo Andersson, the departing CEO of Lada maker AvtoVAZ, used his farewell email to say he was “ ...
 Read More ›

Is CNG the future? Yes, but…

Luca Ciferri
12:01 am U.S. ET | April 6 2016

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Rinaldo Rinolfi, one of the fathers of the common-rail diesel, and a true powertrain guru, is someon ...
 Read More ›

PSA demonstrates realistic way of measuring fuel economy

Nick Gibbs
12:01 am U.S. ET | April 2 2016

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PSA says it aims to win back trust from consumers in the wake of VW's emissions-cheating scandal by ...
 Read More ›

VW's Seat profit is actually a loss

Christiaan Hetzner
5:29 am U.S. ET | March 23 2016

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When is making a profit actually a loss? When you're the accountant at VW Group's underperforming Se ...
 Read More ›

Evoque convertible could challenge sporty German coupes

Nick Gibbs
12:01 am U.S. ET | March 22 2016

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Jaguar Land Rover finally has a model to compete with convertible versions of German premium coupes. ...
 Read More ›

2015 Assembly map
 
Newsletters & Alerts
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French car sales rise nearly 7% in April
French new-car sales rose nearly 7 percent in April, boosted by strong gains at foreign automakers i ...
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European car sales rise 6% in March but VW brand dips
European new-car sales rose nearly 6 percent last month despite a fall in sales for Volkswagen's cor ...
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Russia's March car sales drop 10% as decline slows
New-car sales in Russia fell 10 percent in March, the smallest decline in 15 months, causing a leadi ...
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Western Europe car sales rise 5% in March
Western European car sales rose 5.2 percent in March on strong growth in the UK, France and Italy. F ...
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VW brand trails rivals as Europe sales rise 14% in February
European new-car sales rose 14 percent in February, but Volkswagen lost market share for the sixth m ...
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Nissan Qashqai, Audi Q3 lead continued sales surge for SUVs in Europe
Sales of SUVs and crossovers surged 22 percent in Europe last year, outpacing the overall market's 8 ...
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Western Europe car sales rose 14% in February
Western European car sales rose 14 percent in February as key regional markets reported double-digit ...
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European car sales rise 6% in January but VW share hit by diesel scandal
European car sales rose 6.3 percent last month, although Volkswagen, the region's No. ...
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Why French and Germans still believe in the compact minivan sector
Compact minivan sales remain valuable to French and German automakers even though more brands are qu ...
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Western European car sales rise 6% on Spain, Italy rebound
Western European car sales rose nearly 6 percent in January as the southern markets of Spain and Ita ...
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BMW promotes Petter Witt to N.A. vice president of operations
BMW has rewarded a regional manager who “fully embraced” the automaker's efforts to create its Future Retail dealership standards. ...
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IAC promotes two execs to head N.A., Europe operations
International Automotive Components named Maurice Sessel and Kelli Carney to run its North American and European operations, respectively. ...
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Mini appoints new head of Americas
David Duncan, head of Mini of the Americas, will take on a new role as head of BMW Group's corporate and special sales. ...
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Renault names new finance chief as Thormann retires due to poor health
Renault finance director Dominique Thormann is retiring for health reasons. He will be succeeded by Clotilde Delbos, currently a senior vice president at the automaker. ...
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Renault picks company veteran to head Dacia
Renault named veteran executive Yves Caracatzanis as head of its Dacia low-cost brand in Romania. ...
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PSA promotes Italy chief to run Changan JV in China
PSA/Peugeot-Citroen named veteran manager Olivier Mornet as president of its Chongqing Changan Auto ...
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GM appoints veteran Brazilian executive as Europe engineering chief
GM named Brazilian national William Bertagni as head of its European vehicle engineering unit. Berta ...
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New Lamborghini CEO is ex-Ferrari F1 team boss Domenicali
Lamborghini named Stefano Domenicali, a former head of Ferrari's Formula One team, as its new CEO. ...
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Honda names new Europe and North America chiefs
Honda named new chiefs for the company's operations in Europe and North America. ...
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Toyota counts on big boost from greener, zippier Prius
Toyota expects to solidify its position as the region's leader in hybrid sales with the new Prius, w ...
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High-tech E class pushes Mercedes ahead of rivals
Mercedes-Benz makes a big leap toward self-driving cars with the new E class, which debuts a hands-f ...
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Kia renews Sportage but drops the price
Kia has reduced the price of its new Sportage in the key German market even though the SUV is roomie ...
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Audi focuses on battery to make Q7 e-tron stand out from plug-in rivals
Audi expects its Q7 e-tron plug-in hybrid to stand out from a fast-growing list of competitors that ...
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Subaru wants Levorg to help brand forget losing Legacy
Subaru expects its new Levorg station wagon to have success in Europe that eluded the vehicle it rep ...
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SsangYong adds diesel, awd to Tivoli SUV
SsangYong hopes the addition of a diesel engine will boost sales of its Tivoli in Europe's booming s ...
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Range Rover Evoque convertible is not a 'niche too far'
Land Rover says its Range Rover Evoque created a new niche for sporty premium compact SUVs when the ...
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Hyundai Tucson gets big boost from Europe's SUV boom
Hyundai expects the Tucson to change perceptions of the brand in Europe, thanks to its bolder design ...
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Product launches follow a faster cadence
New model launches are getting faster, more frequent and less certain. They also might be a lot fart ...
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Opel boosts connectivity offer in new Karl
Opel's new entry-level model, the Karl, is the brand's cheapest car but it now offers advanced conne ...
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Suppliers to the new Skoda Superb
Assembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Cze ...
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Suppliers to the new Ford S-Max
Assembly of the second-generation Ford S-Max began in May 2015 at Ford's factory in Valencia, Spain. ...
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Suppliers to the new Mercedes GLC
Production of the first-generation Mercedes-Benz GLC began in June 2015 at parent Daimler's factory ...
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Suppliers to the new Jaguar XF
Assembly of the second-generation Jaguar XF began in June 2015 at Jaguar Land Rover's factory in Cas ...
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Suppliers to the new Audi Q7
Assembly of the second-generation Audi Q7 began in February 2015 at the German automaker's factory i ...
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