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VW will spend billions to strengthen engines portfolio

April 28, 2017 17:11 CET

VW Group plans to invest billions through 2022 to strengthen its portfolio of combustion engines and electric drivetrains in anticipation of stricter emissions standards in Europe, the U.S. and China, CEO Matthias Mueller said. To rein in costs, VW will reduce the variety of engine types for mass-market models.
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GM's Opel 'confident' despite widening Europe loss in Q1
April 28, 2017 13:45 CET | UPDATED: April 28 16:15 CET - adds Opel statement

General Motors defied a slowdown in its U.S. home market while losses in Europe mounted. The company's European chief, Karl-Thomas Neumann, said the launches of new prod ...

 

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Skoda expands SUV focus with upcoming Karoq
April 28, 2017 11:06 CET

Skoda says its new Karoq will be a key model in helping the brand to achieve new sales records. The compact SUV will replace the Yeti in the VW Group brand's lineup. ...

 




 
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Renault's AvtoVAZ boosted by Russia rebound
April 28, 2017 16:27 CET

Renault executives said the Russian market's unexpected strength will help the company's AvtoVAZ unit, which builds cars under the Lada brand, to reach its 2018 target fo ...

 

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Hyundai teases design of Kona small crossover
April 28, 2017 09:49 CET

Hyundai teased the design of its upcoming Kona subcompact crossover and offered fresh details on the launch timing of a model that will fill a critical gap in the brand's ...

 

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Volvo first-quarter profit rises 11%
April 28, 2017 09:20 CET | UPDATED: April 28 17:29 CET - adds XC60 details

Volvo reported a 11 percent rise in first-quarter profit as strong demand for its XC60 and 90-series cars gave it a boost. The automaker stuck to a forecast of higher sal ...

 

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Peugeot said to fire top German execs after sales promotion was too popular
April 28, 2017 12:07 CET

PSA fired three of its top managers in Germany after a sales campaign led to thousands of Peugeot 208 cars being sold at more than 40 percent off their list price, accord ...

 

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Autoliv posts higher Q1 profit but warns on North America, China
April 28, 2017 16:47 CET

Autoliv reported an increase in first-quarter earnings but flagged uncertainties relating to light vehicle production growth, including high inventory levels and slower s ...

 

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Honda forecasts profit drop despite positive quarter
April 28, 2017 10:53 CET

Honda swung back to profitability in the latest quarter as the company put Takata-related recall costs behind it, but a worsening foreign exchange outlook and a one-off p ...

 

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Mazda quarterly operating profit plunges 56%
April 28, 2017 12:20 CET

Mazda's operating profit tumbled 56 percent in the latest quarter, as a deteriorating sales mix, foreign exchange rate losses and recall costs undermined results. ...

 

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Continental expects to comfortably reach annual targets after strong Q1
April 28, 2017 09:40 CET

Continental said it expected to comfortably reach its financial targets for 2017 after its underlying earnings rose about 10 percent in the first quarter. ...

 

Grammer says influence of Bosnian investor could put firm at risk
April 28, 2017 12:15 CET

Grammer warned that the influence of a Bosnian investor has led to a decline in orders and could pose a risk to the company's viability. The Hastor family, which owns a s ...

 

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Renault revenue rises 25% on new models, Lada consolidation
April 27, 2017 18:05 CET

Renault's first-quarter revenue rose 25 percent as the company launched new models and production deals, and began consolidating Lada sales by Russian affiliate AvtoVAZ. ...

 

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Ford profits fall on recall charges, higher costs
April 27, 2017 13:00 CET

Ford reported first-quarter net income of $1.6 billion, down $900 million from a year earlier, as revenue rose and profit margins shrank. In Europe, the company posted it ...

 

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PSA's tough double: Fixing China slump while also absorbing Opel
April 27, 2017 10:56 CET

PSA CEO Carlos Tavares already has a big job ahead of him as he focuses on integrating the operations of Opel/Vauxhall into the French automaker. Now he has another worry ...

 

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UK's first-quarter production hits 17-year high on exports
April 27, 2017 09:29 CET

UK car production increased by 7.3 percent in March, helping first-quarter output rise 7.6 percent, its highest level since 2000, as robust exports helped offset a fall i ...

 

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Tesla's Klaus Grohmann ousted after clash with Elon Musk
April 27, 2017 18:39 CET

Klaus Grohmann was ousted last month after a clash with CEO Elon Musk over the strategy of Grohmann's firm, which Tesla had acquired in November, Reuters reported. ...

 

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Kia plans $1.1 billion plant in India
April 27, 2017 15:25 CET

Kia signed a deal to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging. ...

 

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Valeo sales rise 22% on fuel-saving, self-driving tech
April 27, 2017 10:13 CET

Valeo's quarterly sales rose 22 percent to outpace global vehicle production in all regions as the French supplier reiterated its upbeat 2017 goals on strong demand for i ...

 

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Tesla hikes pay to quell unrest at key German supplier
April 27, 2017 12:25 CET

Tesla offered pay raises and job guarantees to defuse labor tensions at a key German supplier, whose founder and CEO left the company late last month, German labor offici ...

 

    
 
China's bigger families are good news for minivan sales

Luca Ciferri
12:01 am U.S. ET | April 28 2017

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China's scrapping of its one-child per family policy has created an unexpected increase in minivan s ...
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Volvo exec says risk factor for XC60 exceeds XC90

Douglas A. Bolduc
5:09 am U.S. ET | April 27 2017

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Volvo's r&d boss says the new XC60 is even more of a high-risk model than the second-generation XC90 ...
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Germany's auto industry welcomes prospect of Macron presidency in France

Christiaan Hetzner
8:34 am U.S. ET | April 24 2017

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Sunday's election outcome in France, in which a moderate Europhile investment banker won the first r ...
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China lands Chevy Volt in a Buick wrapper

Jay Ramey
8:14 am U.S. ET | April 20 2017 UPDATED: 4/20/17 2:27 pm ET - adds details

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Buick offers far more models in China than it does in the U.S. ...
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Tavares' tall task for PSA and Opel: brand management

Luca Ciferri
12:01 am U.S. ET | April 7 2017

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The buzz at last month's Geneva auto show was what would PSA CEO Carlos Tavares do to streamline his enlarged stable of brands, given that Citroen, Peugeot and new addition... ...
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After record high, UK's 'treasure island' status is set to end

Nick Gibbs
4:32 am U.S. ET | April 6 2017

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After March new-car registrations hit an all-time high in the UK, analysts predict an end to the market's long run as a "treasure island" for profits. ...
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Volvo CEO keeps his hiring promise

Douglas A. Bolduc
12:01 am U.S. ET | April 5 2017

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Volvo CEO Hakan Samuelsson promised to make the automaker “younger, more diverse and more international.” He achieved all three with his latest hiring. ...
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Will the quality ghosts of British Leyland haunt Tesla?

Richard Truett
11:28 am U.S. ET | April 4 2017

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Tesla's plan to skimp on testing the Model 3 in real-world driving is fraught with danger. British L ...
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Piech's problem: his 'small-minded' family


5:29 am U.S. ET | April 4 2017

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Ferdinand Piech's decision to sell his stake in his family's holding company that owns a majority st ...
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Tavares has the tools to make PSA-Opel a success

Peter Sigal
12:01 am U.S. ET | April 4 2017

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PSA's pending acquisition of Opel/Vauxhall has all the makings of a prime-time TV drama. ...
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Newsletters & Alerts
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FCA, Ford and Renault gain share as European sales rise 11%
European sales rose 11 percent in March as automakers took advantage of a solid economy and more sel ...
 Read More ›
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VW brand sales rose 2.5% in March but are down for first quarter
Volkswagen brand's global sales rose 2.5 percent in March but slid 1. ...
 Read More ›
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Lada, Kia and Renault see big gains as Russia sales rise nearly 10%
New-car sales in Russia rose 9.4 percent last month as the market's rebound begins to gain momentum. ...
 Read More ›
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UK sales rise 8% in record monthly high
UK new-car registrations rose 8.4 percent to a record monthly high in March as customers brought for ...
 Read More ›
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Spanish market returns to growth
Spanish new-car sales rose 13 percent in March, restarting a positive trend after a flat February. ...
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German sales rise 11% in March as diesel share declines
New-car sales in Germany increased by 11 percent in March, helped by two extra selling days. Diesel ...
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Italian market continued to rebound in March
New-car registrations in Italy rose by 18 percent last month, partly due to one more working day tha ...
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French car sales rise 7% in March on extra selling day
French car sales rose 7 percent in March, helped by an extra selling day. ...
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European sales rise 2% amid political uncertainty
New-car registrations rose 2 percent in Europe last month even though major brands such as VW, Opel ...
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W. European sales edge up in February
Western European car sales rose nearly 1 percent in February as demand slowed in key markets. ...
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Europe's small SUV sales forecast to top 2 million next year
Europe's small SUV/crossover segment is forecast to continue its rapid growth as models from latecom ...
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New mild hybrid tech will shake up green car sales
Mild hybrid cars with cheaper and less complex technology than plug-in and full hybrids will reduce ...
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SUV sales rise to 25% of European market
SUVs and crossovers accounted for a quarter of all European passenger vehicle sales last year as mod ...
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VW Golf, other volume compacts lose share to premium rivals, SUVs
The VW Golf and Ford Focus compacts are being squeezed as premium competitors such as the Mercedes A ...
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Europe's large premium SUV segment heads for record year
Europe's large premium SUV segment is on track for a record year, helped by rising sales of models s ...
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Audi, Mercedes push key segment toward milestone
Audi, BMW and Mercedes-Benz are largely responsible for the growing success of the compact premium s ...
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Former GM chief Wagoner joins ChargePoint board
Former GM chief Rick Wagoner, who introduced the Chevrolet Volt plug-in hybrid during his last year ...
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Bentley Americas chief Winkler to step down
Bentley's Americas chief Michael Winkler will step down from his post on June 1. Mark Del Rosso, Aud ...
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Volvo recruits former BMW, GM exec to lead procurement
Volvo has lured former BMW and General Motors purchasing executive Martina Buchhauser to take a newl ...
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VW recruits Daimler exec as chief compliance officer
VW Group has named Daimler executive Kurt Michels as its chief compliance officer. Michels previously worked in the same position at Daimler's trucks, vans and buses division. ...
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Audi's new development boss will start earlier than expected
Former Volvo executive Peter Mertens will become Audi's development chief earlier than anticipated, ...
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Nissan appoints EV expert as new tech boss for Europe
Nissan has appointed company veteran Nobusuke Toukura as the head of its European technical center. ...
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Nissan Europe promotes French exec to sales and marketing chief
Nissan Europe named Philippe Saillard as its new head of sales and marketing, a promotion from his c ...
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Infiniti names former BMW exec Habib as design chief
Infiniti, Nissan's premium brand, named Karim Habib, former global design chief for BMW, as the bran ...
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Nissan's Nakamura retires as design team is shuffled
Shiro Nakamura, who penned some of Nissan's most daring and memorable cars, will retire after 17 yea ...
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GM, Honda name top management for fuel cell venture
GM and Honda named the top managers that will oversee their newly formed Fuel Cell System Manufactur ...
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Mercedes makes E-class coupe more practical
Mercedes is repositioning its E-class coupe to offer more room and more functionality, promoting the ...
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Kia gives Rio better tech to challenge European rivals
Kia has added driver assistance systems not typical in small cars as well as upgraded connectivity i ...
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Mini maxes out with Countryman
The Mini Countryman has grown to become the BMW subsidiary's biggest model to date and now competes ...
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Nissan plots Micra's return to Europe's top 10
Nissan wants to re-establish the Micra subcompact as one of the 10 top-sellers in Europe's biggest a ...
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Hyundai gives i30 a tech boost
The Hyundai i30's success has been important in boosting the brand's European growth in the past 10 ...
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Toyota gets quirky with C-HR to 'turn heads'
Toyota is a latecomer to Europe's crossover segment with the new C-HR. ...
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Better-connected 5 series gets tech from BMW flagship
BMW has made its 5 series lighter, more economical and fully connected with advanced technology firs ...
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Smart improves ForTwo, ForFour EV variants with Renault tech
Smart has improved its EV technology for the battery-powered versions of its ForTwo and ForFour with ...
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Audi makes Q5 a tougher rival for Mercedes GLC, Porsche Macan
Audi has developed the second-generation Q5 to have the driving dynamics of the Porsche Macan and a ...
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Audi makes Q5 a tougher rival for Mercedes GLC, Porsche Macan
Audi has developed the second-generation Q5 to have the driving dynamics of the Porsche Macan and a ...
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Suppliers to the new Renault Megane
Assembly of the fourth-generation Renault Megane began in November 2015 at the French automaker's fa ...
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Suppliers to the new Infiniti Q30
Assembly of the all-new Infiniti Q30 began on Daimler's MFA platform in December 2015 at the Nissan' ...
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Suppliers to the new Mercedes C-class Coupe
Assembly of the second-generation Mercedes-Benz C-class Coupe began in Bremen, Germany, in October 2 ...
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Suppliers to the new Opel/Vauxhall Astra
Assembly of the latest Opel/Vauxhall Astra began in Gliwice, Poland, in August 2015 and then in Elle ...
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Suppliers to the new Jaguar F-Pace
Assembly of Jaguar's all-new F-Pace began at parent Jaguar Land Rover's facility at Solihull, Englan ...
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