World Markets
 

Europe car sales rise for first time in 19 months

May 17, 2013 08:34 CET
European car sales rose for the first time in 19 months on strong demand in the UK and a rebound in Germany. Registrations in April increased 2 percent to 1.08 million vehicles from 1.06 million cars a year earlier, industry association ACEA said.... Read More »
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PSA workers end four-month strike over car plant closure

May 17, 2013 15:05 CET
Workers at a PSA/Peugeot-Citroen factory near Paris have agreed to end a four-month strike in protest at its planned closure.... Read More »
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In boost to GM and VW, China resumes incentives for foreign auto investment

12:01 am U.S. ET | May 17, 2013
A surprise policy shift in China is expected to give a boost to GM, Volkswagen Group and other foreign automakers planning to expand in the world's largest car market.... Read More »
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VW Group sales increase 7% in April

May 17, 2013 12:06 CET
Volkswagen Group's global monthly sales picked up pace again in April after growing at their slowest rate in more than three years a month earlier. VW Group said on Friday that deliveries to customers rose 7 percent to 784,600 vehicles last month.... Read More »
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VW, GM, others get unexpected boost in China

May 17, 2013 06:01 CET
A surprise policy shift in China is expected to give a boost to VW Group, GM and other foreign automakers planning to expand in the world's largest car market.... Read More »
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ANALYSIS

New S class key to boosting Mercedes profit margins, China sales

May 17, 2013 06:01 CET
Daimler CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough.... Read More »
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Fiat says headquarters shift to U.S. is not on agenda

May 17, 2013 06:01 CET
Fiat said the idea of moving the group's legal headquarters to the United States following a planned merger with Chrysler Group is not on the company's agenda.... Read More »
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Audi Q7 will shed weight

May 17, 2013 06:01 CET
The redesigned Audi Q7 that debuts next summer in Europe will weigh about 363kg less than the current model, company insiders said, adding that Audi is also planning a hybrid version of the next-generation large SUV.... Read More »
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Tariff played a role in Mexico winning Audi plant

May 17, 2013 06:01 CET
At the groundbreaking for the Q5 plant in San Jose Chiapa, Mexico, Audi CEO Rupert Stadler offered another explanation for deciding not to locate in the United States: The European Union slaps a 10 percent tariff on U.S.-built vehicles.... Read More »
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CARS & CONCEPTS

Jaguar ponders XQ name

May 17, 2013 06:01 CET
Based on documents submitted to the U.S. Patent and Trademark Office, Jaguar may name the all-wheel-drive compact crossover it has in the works the XQ, and call a new compact sedan the Q-Type, according to news reports.... Read More »
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Jaguar launches plan to spruce up U.S. stores

May 17, 2013 06:01 CET
Jaguar is rolling out a plan to refurbish its U.S. dealerships in preparation for a wave of new products. Regional Jaguar teams are going "door-to-door" to discuss the new corporate identity standards, starting with about 50 older stores.... Read More »
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Russian car sales down 8% in April

May 17, 2013 06:01 CET
Russia's year-on-year car sales fell 8 percent in April after a decline of 4 percent in the previous month, the Association of European Businesses (AEB) said.... Read More »
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At Fiat-Chrysler 'it's all about differentiating the brands'

May 17, 2013 06:01 CET
Olivier Francois, chief marketing officer for Fiat and Chrysler, has helped rehabilitate Chrysler Group's image since its 2009 bankruptcy. Chrysler has racked up 37 consecutive months of year-over-year U.S. sales increases, thanks in part to memorable commercials, such as rapper Eminem's coup during the 2011 Super Bowl.... Read More »
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Renault expects 5% dip for European car market

May 16, 2013 09:34 CET
Renault expects the European car market to shrink 5 percent this year over last year, Chief Operating Officer Carlos Tavares said. The French carmaker foresees the European market being "slightly better" in the remaining three quarters of this year than the first three months, when European market sales fell 10 percent after a "very poor performance," Tavares said.... Read More »
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Porsche says 918 Spyder will influence future models

May 16, 2013 13:21 CET
Porsche's says its 918 Spyder hybrid supercar, which begins production in September, will have a big influence on the automaker's sports cars of the future.... Read More »
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ANALYSIS

New S class key to boosting Mercedes profit margins, China sales

9:00 am U.S. ET | May 16, 2013
Daimler AG CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough.... Read More »
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Volkswagen starts construction of 300,000-vehicle plant in China

May 16, 2013 09:04 CET
Volkswagen has begun construction of a new factory in Changsha, China, with an annual capacity of 300,000 vehicles, the company said in a statement today. The plant is one of seven factories being built by the company as it seeks to expand annual capacity in China to 4 million vehicles by 2018 in order to meet growing demand.... Read More »
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Audi shifting to high-performance models to propel sales

May 16, 2013 10:34 CET
Audi is counting on bigger sales of high-performance cars like the RS5, as well as the new version of the A3 compact, to propel volume this year amid intensifying economic headwinds.... Read More »
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F-1 racing boss Ecclestone denies bribing German banker, lawyers say

May 16, 2013 09:49 CET
Lawyers for Formula One racing boss Bernie Ecclestone repeated that he had not bribed a German banker during the 2005-2006 sale of a stake in the motor-racing business, after a German newspaper reported he had been charged by prosecutors.... Read More »
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Toyota plant in France starts Yaris output for U.S.

May 16, 2013 14:48 CET
Toyota Europe has started making the Yaris for North American export at its plant in Valenciennes, France, marking the first time the automaker's European-built models have been exported to the United States and Canada.... Read More »
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