Europe

VW to Spend €19 Billion in 5 Years on Powertrains

April 28, 2017 at 1:02 PM

Volkswagen AG says it will invest about €19 billion ($20.7 billion) on advanced piston and electrified powertrains between now and 2022 as it strives to meet tougher emission standards in major markets.

Siemens Buys Route Planning Company

April 28, 2017 at 11:30 AM

Siemens AG has agreed to acquire HaCon Ingenieurgesellschaft mbH, a Hanover, Germany-based software company that provides route planning, scheduling and information systems services for public transportation, mobility and logistics applications.

Ford Touts European Speed-Limit Tech

April 28, 2017 at 10:51 AM

Ford Motor Co. says its optional “intelligent speed limiter” technology was specified on about two-thirds of the vehicles it was offered on in Europe last year.

Lamborghini Opens Mega-Store in Dubai

April 27, 2017 at 5:07 PM

Volkswagen AG’s Lamborghini unit has opened its largest showroom in the world, a 19,000-sq-ft facility in Dubai.

Yanfeng Adds Test Lab in Slovak Republic

April 27, 2017 at 3:00 PM

China’s Yanfeng Automotive Interiors has opened a new test lab within the company's technical center in Trencin, Slovak Republic.

Renault Hikes First-Quarter Revenue 25%

April 27, 2017 at 12:52 PM

Renault SA’s increased its revenue 25% to €13.1 billion ($14.3 billion) in the first quarter as worldwide unit sales climbed 16% to 873,700 units.

Vehicle Production in U.K. Jumps to 17-Year High

April 27, 2017 at 10:24 AM

Output by the U.K.’s carmakers rose 7% to 170,700 units in March, the best result since 2000, the Society of Motor Manufacturers and Traders reports.

PSA’s Revenue Grows 5%

April 27, 2017 at 1:12 AM

PSA Group says its unit sales in January-March rose 4% to 729,400 vehicles, and revenue grew 5% to €13.6 billion ($14.9 billion).

UPDATE: Tesla Showers Workers with Incentives at Key Supplier in Germany

April 27, 2017 at 12:44 AM

Tesla Inc. if offering workers at a critical German supplier of factory automation an array of wage hikes, job guarantees, stock options and a one-time €1,000 ($1,100) bonus in a bid to avoid a strike, Reuters reports.

Report: VW May Sell Ducati Motorcycle Unit

April 26, 2017 at 4:30 PM

Volkswagen AG is shopping its Ducati motorcycle unit to potential buyers, sources tell Reuters.

Volvo Ramps Up Output of Redesigned XC60 Crossover

April 26, 2017 at 1:00 PM

Volvo Car Corp. on Wednesday began producing the all-new XC60 midsize crossover vehicle at its plant in Torslanda, Sweden.

Daimler Doubles First-Quarter Net Profit

April 26, 2017 at 12:07 PM

Daimler AG reports its first-quarter revenue climbed 11% to €38.8 billion ($42.3 billion) as units sales grew 10% to 754,300 vehicles.