Europe

Valeo Sales Up, Profits Down in “Challenging” Year

February 21, 2019 at 4:05 PM

Acquisitions helped boost revenue for Valeo SA in 2018. But earnings plunged because of slow sales growth in China and emission-test disruptions to production in Europe.

EU Trade Chief Upbeat on Narrow Deal with U.S.

February 21, 2019 at 12:55 PM

A trade deal between the European Union and U.S. that focuses on industrial goods could be accomplished “quite quickly,” says EU Trade Commissioner Cecilia Malmstrom.

VW Says U.S. Car Tariffs Would Cost It $2.8 Billion

February 21, 2019 at 11:35 AM

Volkswagen Group profits would fall by as much as €2.5 billion ($2.8 billion) if the U.S. hikes its import tariffs on cars to 25%, says CEO Herbert Diess.

BMW Plans Tech Center in Israel

February 21, 2019 at 10:36 AM

BMW AG intends to open a technical center in Tel Aviv this summer to work with software companies, startups and universities in Israel.

PSA Factory in France Adds Opel Mini-SUV

February 21, 2019 at 12:37 AM

PSA Group says its assembly plant in Poissy, France, will add a next-generation Opel/Vauxhall-branded mini-crossover model later this year.

Audi to Trim Management Jobs by 10%

February 20, 2019 at 2:33 PM

Audi AG aims to remove one level of management, or 10% of its executive positions, as part of a drive to cut costs €15 billion ($17 billion) by 2022.

Aston Martin Affirms “Project 003” Hypercar for 2021

February 20, 2019 at 11:23 AM

Aston Martin Holdings Ltd. has released a teaser image of its so-called Project 003 supercar and confirms plans to introduce the vehicle in late 2021.

Report: Panel Opposes Naming Renault Chair to Head Nissan Board

February 20, 2019 at 10:13 AM

An independent governance committee set up by Nissan Motor Co. opposes the suggestion that Renault SA’s chairman also head Nissan’s board, sources tell Reuters.

Honda Trademark Filing Hints at EV Name

February 20, 2019 at 9:38 AM

Honda Motor Co. has filed an application in Europe to trademark the “Honda e” name, HybridCars.com reports.

VW Diesel Owners’ Lawsuit Heads for Germany’s High Court

February 20, 2019 at 12:32 AM

A landmark lawsuit is heading to Germany's high court over demands that Volkswagen AG compensate customers who bought diesels that VW had rigged to evade emission laws.

Subaru Teases Latest “Viziv” Concept

February 19, 2019 at 3:49 PM

Subaru Corp. plans to unveil a concept crossover vehicle at next month’s Geneva auto show.

BMW Seeks Tech Ideas to Cool Fast-Charging System

February 19, 2019 at 12:27 PM

BMW AG says next-generation fast-charging systems for electric vehicles will require new cooling methods to tackle higher heat dissipation demand without increasing noise levels.