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Renault sales slip as strong Euro offsets delivery gains

April 24, 2014 18:12 CET
Renault reported a 0.1 percent decline in first-quarter revenue as the strong euro offset deliveries. Sales totaled 8.26 billion euros ($11.4 billion). Deliveries climbed 5 percent to 636,239 vehicles as demand rose for Dacia cars such as the Sandero hatchback.... Read More »
 

GM profit plunges on recall costs

April 24, 2014 06:01 CET
GM's first-quarter net income sank 86 percent from a year earlier to $125 million amid heavy costs related to the recall of 7 million vehicles. In Europe, GM lost $284 million, nearly double the $152 million it lost a year earlier.... Read More »

UK car production returns to growth, boosted by increased European demand

April 24, 2014 08:40 CET
British car production returned to growth in March, boosted by increased demand in Europe and by automakers completing retooling to build new models. Output increased 12 percent last month.... Read More »

Renault freezes plans for Russian van production on weak ruble

April 24, 2014 13:35 CET
Renault has frozen plans to build vans with Russian truckmaker ZIL due to a weakening of the ruble. The company had planned to build Renault and Fiat vans with ZIL in Moscow.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Kia enhances Soul's SUV traits

April 24, 2014 06:01 CET
Rising demand for subcompact-sized SUV-styled models has driven Kia to put more emphasis on the latest Soul's crossover characteristics.... Read More »

Hyundai Q1 profit hit by slow U.S. sales

April 24, 2014 11:00 CET
Hyundai posted a first-quarter net profit that was almost identical to a year earlier, as increased sales in China and Korea helped offset weak U.S. demand.... Read More »

VW's Scania bid backed by big investor at Swedish truckmaker

April 24, 2014 12:36 CET
Volkswagen moved closer to sealing a 6.7 billion euro ($9.3 billion) deal for the rest of truckmaker Scania after a major shareholder, Swedbank Robur, said it would accept VW's offer for its shares.... Read More »

Valeo sales increase 6% as Europe rebounds

April 24, 2014 11:23 CET
Valeo reported a 6 percent increase in first-quarter sales on higher demand in China and North America and the end of a six-year contraction in Europe.... Read More »

Johnson Controls profit rises 59% on increase in automotive business

April 24, 2014 06:01 CET
Johnson Controls, which counts on Europe for about half of its sales, reported a 59 percent jump in quarterly profit, helped by higher sales in its automotive unit.... Read More »

Sogefi posts loss on restructuring costs, currency woes

April 24, 2014 11:52 CET
Sogefi reported a net loss of 6.3 million euros for the first quarter after results were hit by restructuring charges and the negative effect of exchange rates.... Read More »

Toyota outsells VW, GM for 3rd straight quarter

April 23, 2014 11:11 CET
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »

Mulally said to line up board post after Ford

April 23, 2014 06:01 CET
Ford CEO Alan Mulally is lining up a substantial corporate position for his next act, probably as a board director or chairman, according to people with knowledge of his plans.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW woos U.S. buyers with 2 series

April 23, 2014 06:01 CET
BMW is aiming the 2-series coupe at drivers looking for performance and driving dynamics in a compact, rear-wheel-drive package.... Read More »

Toyota shifts gears to lift Prius' prospects in China

April 23, 2014 06:01 CET
Toyota's Prius hybrid is the best-selling gasoline-electric vehicle in the world. In China, it's about as rare as the endangered giant panda.... Read More »

VW faces rising opposition to Scania bid as Alecta rejects offer

April 23, 2014 11:58 CET
VW faces increasing opposition to its 6.7 billion euro bid for the rest of Scania after Alecta, the truckmaker's third-biggest shareholder, rejected the offer.... Read More »

Siemens, BAIC to jointly build parts for green vehicles in China

April 23, 2014 06:01 CET
Germany's Siemens and state-owned Chinese automaker Beijing Automotive will form a joint venture to produce motors and inverters for hybrid and full-electric vehicles.... Read More »

Corvette museum may keep some damaged 'Vettes, sinkhole on permanent display

April 23, 2014 06:01 CET
GM and officials with the National Corvette Museum in the U.S. will meet next month to determine which of eight Corvettes damaged after plunging into a major sinkhole on Feb. 12 are fit to be restored.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Golf dominance, premium push intensify battle in compact segment

April 22, 2014 06:01 CET
Most volume automakers face double trouble in the crucial compact segment. They need to find a way to win sales from the dominant Volkswagen Golf while also defending against premium brands aggressively pushing into the segment.... Read More »

2014 BEIJING AUTO SHOW

Daimler, BYD show production-ready Denza EV

April 22, 2014 13:22 CET
Daimler and Chinese partner BYD unveiled a production-ready version of their Denza electric car at the Beijing auto show ahead of a sales launch in September.... Read More »

Daimler says new Beijing plant has potential capacity to build 350,000 Mercedes cars

April 22, 2014 03:03 CET
Daimler can expand production at its Beijing plant to 350,000 vehicles a year if demand calls for it, said Rene Reif, the head of manufacturing at Beijing Benz Automotive. By the end of 2014, output in Beijing will be about 140,000 cars.... Read More »

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