Europe

Auto Output in U.K. Fell 15% in February

March 28, 2019 at 12:34 AM

New-car production in the U.K. fell 15% last month, the ninth consecutive month of year-on-year shrinkage, the Society of Motor Manufacturers and Traders says.

China’s UCAR Buys Majority Stake in Germany’s Borgward

March 27, 2019 at 4:50 PM

China-based ride-hailing service UCAR Inc. is acquiring control of German SUV maker Borgward Group AG, for $610 million.

VW, Amazon Partner on Cloud-Based Industrial Platform

March 27, 2019 at 3:18 PM

Volkswagen Group and Amazon Web Services have launched a multi-year partnership to link data from 122 VW facilities worldwide through a single cloud-based database.

SEAT to Launch 6 Electrified Models by 2021

March 27, 2019 at 3:13 PM

Volkswagen AG’s SEAT unit plans to introduce six electric and plug-in hybrid models by 2021.

Report: BMW May Buy Honda U.K. Plant

March 27, 2019 at 12:41 PM

BMW AG may take over Honda Motor Co.’s Swindon, England, assembly plant that’s due to close in 2021, sources tell Autocar.

Ford Confirms 3 Plant Closures in Russia

March 27, 2019 at 12:23 PM

Ford Motor Co. confirms it is restructuring its vehicle-making venture with Russia’s Sollers PJSC by phasing out car production and building only commercial vans.

Report: Renault Targets Mergers with Nissan, Then FCA

March 27, 2019 at 2:29 AM

Renault hopes to resume merger talks with alliance partner Nissan within 12 months—then do the same with a company such as Fiat Chrysler Automobiles, sources tell the Financial Times.

Ford to Close Two Assembly Plants in Russia

March 26, 2019 at 6:03 PM

Ford Motor Co. is expected to announce on Wednesday it is closing two of three factories it operates in Russia as a cost-cutting move, Bloomberg News says.

BMW, Great Wall Detail EV Plans for China

March 26, 2019 at 5:17 PM

BMW AG and Great Wall Motor Co. have revealed more details about their joint venture, which will begin making electric-powered Mini small cars in China in 2021.

Volvo Raises Another $676 Million in Bond Sale

March 26, 2019 at 4:40 PM

Volvo Car Group raised €600 million ($676 million) today through the carmaker’s second bond sale this year.

Report: Daimler to Sell 50% of Smart to Geely

March 26, 2019 at 3:54 PM

Daimler AG plans to sell a 50% stake in its Smart minicar unit to Zhejiang Geely Holding Group Co., sources tell the Financial Times.

Ford Adds Mild-Hybrid Variants in Europe

March 26, 2019 at 1:54 PM

Starting next year, Ford Motor Co. will offer mild-hybrid versions of its Fiesta and Focus small cars in Europe.