Europe

VW, Ford open engine plants in Russia amid car market plunge

Sept. 4, 2015 11:02 CET

Volkswagen and Ford are sticking with long-planned investments in Russian engine factories even as car sales there head toward a six-year low...
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CHRISTIAAN HETZNER

BLOG: Piech gets his way by blocking Winterkorn as his successor

5:25 am U.S. ET | Sept. 4, 2015

Ferdinand Piech looks to have prevailed in the end. The former VW patriarch sparked a showdown with CEO Martin Winterkorn in April with the aim of preventing Winterkorn from succeeding him as chairman. Now Hans Dieter Poetsch, VW's finance chief, will take Piech's former role....
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Western Europe car sales rise 10% in August, boosted by Germany, UK, Spain

Sept. 4, 2015 13:58 CET

Western European car sales jumped 9.6 percent in August, boosted by buoyant demand in Germany, the UK and southern Europe, data from analysts LMC Automotive showed....
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CHRISTIAAN HETZNER

BLOG: Piech gets his way by blocking Winterkorn as his successor

5:25 am U.S. ET | Sept. 4, 2015

Ferdinand Piech looks to have prevailed in the end. The former VW patriarch sparked a showdown with CEO Martin Winterkorn in April with the aim of preventing Winterkorn from succeeding him as chairman. Now Hans Dieter Poetsch, VW's finance chief, will take Piech's former role....
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UK new-car sales rise 10%, helped by cheap financing deals

Sept. 4, 2015 11:58 CET

UK car sales jumped by nearly 10 percent in August as consumers took advantage of attractive financing deals that helped drive the 42nd consecutive month of sales increases....
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Ford, GM, JLR, China's Lifan make big changes to European car assembly footprint

Sept. 4, 2015 06:01 CET

Ford, GM, JLR and China's Lifan have made the biggest moves affecting European production in the past year. Automotive News Europe's new Guide to European Assembly Plants features data on more than 140 plants....
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ANE's September e-magazine goes live Monday

Sept. 4, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Sept. 7. This month's edition examines how Audi, BMW and Mercedes have been able to boost their combined market share in Europe without hurting the profits or image....
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Former Saab CEO charged with giving false testimony

Sept. 2, 2015 16:44 CET

Former Saab Automobile CEO Jan Ake Jonsson was charged with giving false testimony when the aftermath of the Swedish automaker's bankruptcy played out in court....
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CHRISTIAAN HETZNER

BLOG: VW should strengthen oversight of CEO Winterkorn

9:55 am U.S. ET | Sept. 2, 2015

VW Group should strengthen oversight of CEO Martin Winterkorn, who is set to receive a two-year contract extension, by appointing Qatar Airways CEO Akbar Al Baker to its steering committee....
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German car sales rose 6% in August

Sept. 2, 2015 10:46 CET

German new-car registrations rose 6 percent in August, slowing from a growth rate of 7 percent in July. Germany joins France, Italy and Spain in reporting increased sales during a normally quiet month....
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Opel will launch online retail banking in Germany

Sept. 2, 2015 12:24 CET

Opel will push into online retail banking in Germany and use consumer deposits to broaden the base of its financing operation....
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Tesla names new Germany chief amid slow sales

Sept. 1, 2015 06:01 CET

Tesla named a new top executive in Germany, where the U.S. electric car maker is struggling to gain a foothold....
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French new-car sales rise 10% percent on extra selling day

Sept. 1, 2015 11:05 CET

French new-car sales rose 9.7 percent in August, traditionally a slow holiday month, boosted by an extra selling day. All major brands increased sales except Toyota and Ford....
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Spain's car sales jump 23% in 24th consecutive month of growth

Sept. 1, 2015 12:36 CET

Spanish new-car sales rose 23 percent in August in the best result for the month since 2009 and the 24th consecutive month of growth as the market benefits from a government-backed subsidy program....
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Top Renault exec sees European rebound continuing in second half

Sept. 1, 2015 11:23 CET

Renault's Chief Competitive Officer, Thierry Bollore, expects Europe's rebound to continue as the region's economy improves and drivers replace aging vehicles. Bollore discussed this outlook and the challenges facing Renault with Automotive News Europe....
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VW considers exporting Russia-built cars as market slumps

Aug. 26, 2015 18:50 CET

Volkswagen may export Russia-built cars to other countries to offset collapsing sales in the crisis-hit market. The automaker builds VW brand and Skoda vehicles at its Russian plant south of Moscow....
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Europe sales advance 9% in July as economies rebound

Aug. 24, 2015 06:01 CET

European new-car registrations rose 9.1 percent in July as recession-hit countries such as Portugal and Ireland, along with the major markets of Germany, the UK, France and Italy, performed strongly....
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UK car output falls 11% as plants retool for new models

Aug. 20, 2015 11:34 CET

UK car production fell by 11 percent in July as changes to holiday patterns and upcoming new launches such as the Vauxhall/Opel Astra resulted in early annual shutdowns at some plants....
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U.S. watchdog joins German investigation of Ford, report says

Aug. 18, 2015 18:07 CET

The United States' securities watchdog is helping German prosecutors to investigate the alleged payment of bribes by Ford to speed the passage of containers through Russian customs, Reuters reported....
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2015 FRANKFURT AUTO SHOW

Kia gives Sportage sleeker look, upscale interior

Aug. 18, 2015 06:01 CET

Kia has given its Sportage a sleeker look and an upscale interior to help the model compete better in the tough compact SUV segment. The new Sportage will have Kia's "most refined, highest-quality cabin to date," the automaker said. The SUV will debut next month in Frankfurt....
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Toyota ends Land Cruiser production in Russia but remains bullish on market's prospects

Aug. 18, 2015 12:31 CET

Toyota has ended production of the Land Cruiser Prado SUV in Russia but will not pull out of the crisis-hit market. The company said its plan to double annual output at its St. Petersburg plant is still on track....
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NEWS ANALYSIS

Automakers in Russia left with nowhere to turn as economic woes deepen

Aug. 18, 2015 11:08 CET

Automakers building cars in Russia such as VW and Ford have been hit as the ruble's steep decline increases the cost of foreign parts they import. Companies are being forced to increase car prices despite the country's economic crisis that leaves consumers with little money for big purchases....
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Former Porsche communications chief charged with aiding market manipulation

Aug. 17, 2015 16:17 CET

A German prosecutor charged Porsche's former communications chief, Anton Hunger, with aiding market manipulation related to the purchase of Volkswagen Group shares, after dropping identical charges against Porsche's supervisory board....
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JESSE SNYDER

BLOG: Why Jaguar Land Rover picked 'Detroit East'

12:01 am U.S. ET | Aug. 17, 2015

Jaguar Land Rover's selection of Nitra, Slovakia, for its next assembly plant dashed hopes in the U.S., Mexico and Poland. Was Slovakia's pick just another low-wage choice? Hardly....
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Siemens CEO sees German car industry slowing in 2016

Aug. 17, 2015 06:01 CET

Germany's exporter-heavy auto industry could be poised for a slowdown next year as demand in foreign markets slows, Siemens CEO Joe Kaeser said in a newspaper interview. "I would not be surprised if we see a darkening in the automobile sector in 2016 or 2017," Kaeser said....
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