Europe

Investment in British Auto Industry Plunges 74%

July 31, 2019 at 12:34 AM

New investment in Britain’s automotive sector plummeted 74% in the first half of 2019, according to the Society of Motor Manufacturers and Traders.

Euro Noise Regs Quiet Mercedes-AMG Models

July 30, 2019 at 5:37 PM

Tighter noise regulations in Europe have pushed Daimler AG’s Mercedes-AMG unit to tone down the exhaust nodes of its performance cars.

Renault-Nissan Alliance Cedes Top Sales Crown

July 30, 2019 at 5:12 PM

The Renault-Nissan-Mitsubishi alliance fell in the first half of 2019 from first to third among the world’s top-selling carmakers.

Airbus: No Robotic Flying Taxis Coming Soon

July 30, 2019 at 4:24 PM

France aerospace giant Airbus SE is testing prototype autonomous electric planes, but the company says commercial applications aren’t likely for many years.

Switzerland Joins Ghosn Investigation

July 30, 2019 at 3:24 PM

Prosecutors in Zurich have agreed to help Japan’s probe into alleged financial wrongdoing by Carlos Ghosn, former chairman of Renault, Nissan and Mitsubishi.

Audi Readies Hybrid Performance SUVs

July 29, 2019 at 12:05 PM

Audi AG is developing RS performance variants of several of the company’s SUV/crossover vehicles, some of which will feature hybrid powertrains.

British Currency Slides to 28-Month Low on Brexit Fears

July 29, 2019 at 12:03 PM

Fears about terms of the U.K.’s departure from the European Union have cut the value of the British pound against the dollar and euro to 28-month lows.

Veoneer’s Operating Losses Nearly Triple

July 29, 2019 at 11:30 AM

Veoneer Inc., which spun off from safety equipment supplier Autoliv Inc. a year ago, reports its second-quarter operating loss expanded to $137 million from $48 million.

PSA May Close Vauxhall Plant over Messy Brexit

July 29, 2019 at 2:23 AM

PSA Group says it will move production of Astra and Vauxhall cars out of Ellesmere Port, England, if the U.K.’s exit from the European Union makes local production unprofitable.

Bosch Predicts 5% Drop in Global Auto Output

July 29, 2019 at 1:36 AM

Robert Bosch GmbH expects the world’s output of passenger vehicles will shrink 5% this year, compared with the 3% drop it predicted earlier this year.

Ford Phases Out Ka+ Minicar in Europe

July 26, 2019 at 4:18 PM

Ford Motor Co. says it will stop making the Ka+ minicar because of the cost of meeting Europe’s tougher carbon dioxide emission limits in 2020.

SMMT: No-Deal Brexit Could Kill Auto Industry

July 26, 2019 at 3:57 PM

The British auto industry faces an “existential threat” if the U.K. crashes out of the European Union without a new trade deal, warns the Society of Motor Manufacturers and Traders.