Headlines for Friday, February 22, 2013

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NICK GIBBS:

XC90 delay irks Volvo CEO

Volvo CEO Hakan Samuelsson is not happy that the automaker has waited more than a decade to debut a new XC90, which was once the brand's best seller. Global sales of the XC90 fell 21 percent last year. Demand is not expected to rebound until the all-new XC90 goes on sale in early 2015. Read More »

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Bosch happy to be on battery sidelines – for now

Bosch Chairman Volkmar Denner is happy that the supplier pulled out of its venture to develop and build lithium ion batteries last year. He says the market is over-saturated with too much capacity for lithium ion batteries. Read More »

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Volkswagen forecasts unchanged 2013 operating profit on Europe

VW Group forecast 2013 operating profit will match last year's level, as the shrinking auto market in Europe weighs on earnings. VW is targeting earnings in 2013 on the same level as the 11.5 billion euros earned last year. Read More »

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Valeo profit falls 11% despite record orders

French parts supplier Valeo said profit dropped 11 percent last year despite record orders for its fuel-saving and safety technologies. Read More »

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GM pledges $7.3 billion investment in S. Korea unit

General Motors said it would invest $7.3 billion in its South Korean unit over the next five years -- an amount which will likely help relieve concerns that the U.S. automaker was set to reduce its presence in the country. Read More »

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Zetsche aims to lift Mercedes' China sales 50% by 2015

Daimler CEO Dieter Zetsche has vowed to raise the Mercedes brand's China sales 50 percent by 2015 after the automaker's deliveries last year rose only 2 percent to 196,211 units. Read More »

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Bosch seeks to boost common-parts sales to Japanese carmakers

Bosch is seeking to boost its business with Japanese carmakers and take advantage of their plans to increase the number of common parts across models. Read More »

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Former Fiat advisers found guilty of misleading market

Two former Fiat advisers have been handed suspended jail sentences and fines by an Italian appeals court for misleading the market in a 2005 stock transaction that secured the Agnelli family's control of the carmaker. Read More »

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Mazda expects the CX-5 to help boost Europe sales by 15%

Mazda expects to boost European sales by 15 percent after better-than-expected sales of its CX-5 crossover, said Jeff Guyton, Mazda's Europe chief. Read More »

 
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With its new minivan, BMW minivan ditches rwd for practicality

Christiaan Hetzner
12:01 am U.S. ET | July 20 2014

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Even BMW has to obey the laws of physics: a rwd car that is compact yet roomy is a paradox. ...
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PSA may be better off without Thierry Peugeot

Bruce Gain
12:01 am U.S. ET | July 11 2014

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PSA/Peugeot-Citroen's future could be brighter following former chairman Thierry Peugeot's departure ...
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Gesture recognition makes dials, buttons obsolete

Douglas A. Bolduc
12:01 am U.S. ET | July 1 2014

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Buttons and dials may become obsolete to control your car's radio, heater and navigation system. That's because those functions can now be managed with the wave of the hand. ...
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Will global automakers drop Chinese partners?

Yang Jian
7:32 am U.S. ET | June 30 2014

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China may relax its 50 percent ceiling on foreign automakers' ownership of joint ventures, but this ...
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BMW's iDrive earns high marks, but doesn't match Apple

Douglas A. Bolduc
7:37 am U.S. ET | June 27 2014

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BMW's iDrive system ranked highest in Germany and Italy for user experience in a recent test, but the automaker and its peers have a long way to go to match Apple. ...
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At PSA, Tavares echoes Renault's management template

Bruce Gain
12:01 am U.S. ET | June 24 2014

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PSA/Peugeot-Citroen CEO Carlos Tavares's new executive committee structure is very much like the one he left behind at Renault when he was Carlos Ghosn's No. 2. ...
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Toyota exec ready to 'help' Nissan in Europe

Douglas A. Bolduc
12:01 am U.S. ET | June 23 2014

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Toyota Europe CEO Didier Leroy says he's ready to “help” Nissan achieve its stated goal of becoming the top-selling Japanese automaker in the region. ...
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Walter de Silva: Italy's loss, VW's gain

Luca Ciferri
6:37 am U.S. ET | June 13 2014

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Walter de Silva had to leave Italy to become a legend in the vehicle design world. It's a common sto ...
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Ford of Europe's quiet designer made a big impact

Bradford Wernle
12:01 am U.S. ET | June 6 2014

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Martin Smith, Ford's longtime design director for Europe, is not a man of many words. ...
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Toyota Europe boss shares secrets to his success

Douglas A. Bolduc
1:22 am U.S. ET | June 4 2014

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Toyota Europe CEO Didier Leroy says that to become a true leader you should not worry about making your boss happy. ...
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Ford, Toyota models will help boost Turkish car output to record
New models from Ford, Toyota and Hyundai are expected to help boost Turkish automotive production to ...
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Russian car sales sink most in 4 years on ruble weakness
Sales of new cars in Russia plunged by the most in more than four years in June as a weaker ruble cu ...
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German market slows down in June
French, Spanish and Italian car sales rose in June while the German market slowed down, held back by fewer working days as the European market rebound remained intact. ...
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Europe car sales rise for ninth month
Europe's car sales rose 4 percent in May as growing consumer confidence encouraged purchases of new ...
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UK car sales rise to 10-year monthly record in May
UK car sales rose nearly 8 percent in May to hit a 10-year record for the month, but future demand i ...
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European car sales lackluster in May
New-car registrations across Europe were generally lackluster in May after a rebound in the first fe ...
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European sales rise 4% in April
New-car registrations in Europe rose 4 percent in April with mass-market automakers Renault, Ford, O ...
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Russian car sales fall 8% in April on weak ruble
Russian car sales fell 8 percent in April as the weak ruble hit consumer demand. ...
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W. Europe car sales headed for 4% growth after strong April
Western European car sales may rise 4 percent to 12.04 million this year as the region's auto market continues its recovery. ...
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German car sales fall for first time in five months
Sales of new cars in Germany fell by nearly 4 percent in April, bucking the trend in the other major ...
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CLEPA names new CEO
Veteran supplier executive Paul Schockmel is the new CEO of Europe's partmakers association, CLEPA. He succeeds Jean-Marc Gales who is now CEO of sports car maker Lotus. ...
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Infiniti lures BMW exec to head global operations
Infiniti has named longtime BMW executive Gaby-Luise Wuest as its head of global operations. ...
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Germany's Kiekert names new Asia chief
Kiekert, a German supplier of automotive door locks and latches, has named Karl Lambertz director of its Asian operations. ...
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VW taps veteran German exec for top U.S. quality post
Volkswagen Group of America named German national Stefan Schueller quality chief for VW and Audi in the United States. ...
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Renault names new engineering chief
Renault named company veteran Gaspar Gascon Abellan as its new engineering chief. Abellan succeeds J ...
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SGL Carbon names Majerus as CFO
Carbon fiber manufacturer SGL Carbon has named Michael Majerus as its new chief financial officer. He starts a three-year term on July 1. ...
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Tavares names Europe chief, reshuffles top jobs at PSA
PSA CEO Carlos Tavares has appointed a boss for the company's European operations and recruited a fo ...
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IAC promotes veteran exec to head European commercial operations
Luxembourg-based supplier International Automotive Components (IAC) has promoted Marcus Nyman to senior vice president of commercial operations for the European region. ...
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Hyundai Europe marketing boss Hall quits
Hyundai, one of the few carmakers not benefiting from a rebound in European car sales, said its mark ...
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Ford names Mustang styling chief new Europe design boss
Ford has named Joel Piaskowski, who helped create the automaker's new Mustang, to head its design team in Europe. He will succeed Martin Smith on July 1. ...
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Honda rolls out the Civic wagon
Honda hopes that sleek styling and a smart interior will help its new Civic Tourer station wagon boo ...
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Ferrari California T is brand's fuel-sipper
Ferrari expects its California T, the brand's only model with a turbocharged engine, to attract cust ...
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BMW X4 fills tall order
BMW has taken steps to ensure that tall people will still feel comfortable inside the new X4 by lowe ...
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Nissan wants e-NV200 to win sales from diesels
Nissan wants fleet managers in Europe to turn away from diesel-powered delivery vans in favor of its ...
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Peugeot's crossover fighter
Peugeot has high hopes for the new 308 SW despite many customers deserting compact station wagons fo ...
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Porsche adds second SUV
Porsche hopes its Macan compact SUV will be able to repeat the success of its Cayenne, which account ...
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Mercedes C class gets French power
Mercedes is offering a more fuel-efficient powertrain lineup in its new lighter, bigger C class, inc ...
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Kia enhances Soul's SUV traits
Rising demand for subcompact-sized SUV-styled models has driven Kia to put more emphasis on the late ...
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BMW woos U.S. buyers with 2 series
BMW is aiming the 2-series coupe at drivers looking for performance and driving dynamics in a compac ...
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Nissan moves Qashqai upmarket
Nissan is so confident about the new Qashqai that its production capacity is three times that of the ...
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Delphi helps reduce CO2, noise in new Peugeot 308
Delphi supplies the injectors to the new Peugeot 308's gasoline direct-injection engine, which produ ...
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Roechling, Plastic Omnium help cut CO2 in new Nissan Qashqai
Roechling Automotive and Plastic Omnium help reduce the drag coefficient in the new Nissan Qashqai t ...
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Brose, Behr, Conti keep Skoda Octavia's cabin cozy
Several suppliers contributed to the Octavia's HVAC system. ...
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TrelleborgVibracoustic helps cut CO2 in Porsche Macan
TrelleborgVibracoustic supplies the Porsche Macan's optional air springs that allow the crossover to ...
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ZF 8-speed cuts fuel use in new BMW 4 series
ZF supplies the new BMW 4 series with its optional eight-speed automatic transmission. ...
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