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Apr
30th

1,088-hp electric Concept One nears production : Boutique EV startup Rimac lands $11-million investment

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We haven't heard much about the Rimac Concept One lately, but that could be about to change.
Apr
30th

Volkswagen set to launch budget brand : New $7,000 car to be built in China; brand name yet to be decided

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Volkswagen has locked in the concept and design of a low-priced car to be sold under an all-new brand, VW executive Hans Demant
Apr
30th

Test loopholes take gloss off Europe’s cleaner cars

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New cars sold in the EU last year emitted 4 percent less carbon dioxide than those sold in 2012, the European environment agency reported, although environmental campaigners said the improvement was exaggerated.
Apr
30th

2014 Mercedes-Benz CLA250 review notes: Mercedes’ new gateway vehicle

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DIGITAL EDITOR ANDREW STOY: It's impossible to look at the Mercedes-Benz CLA without comparing it to the Audi A3 sedan I drove just a few weeks ago.
Apr
30th

Delphi reviewing possible ‘improper payments’ in China

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Auto parts maker Delphi Automotive Plc is reviewing potential violations of the U.S. Foreign Corrupt Practices Act linked to payments made by employees in China, the company disclosed in a regulatory filing.
Apr
30th

Citroen marks 80 years since Traction Avant launch

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Citroen-Traction-Avant-front-quarter
News 30 Apr, 2014

Citroen's groundbreaking front-wheel drive Traction Avant to celebrate 80th anniversary at a number of events across France

Apr
30th

JAPAN: Mazda ready to sell Flat Rock plant stake to Ford

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Mazda CEO Masamichi Kogai has said the company is ready to begin talks with Ford to sell Mazda's stake in a joint venture that operates the Flat Rock plant in Michigan, Reuters reported.
Apr
30th

Revamped Chrysler 200 expected to fuel company’s winning streak

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David Kelleher, a car dealer in suburban Philadelphia, said he's in uncharted emotional territory: He's excited about a new Chrysler sedan.
Apr
30th

CLEPA CEO Gales steps down

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Industry veteran Jean-Marc Gales has stepped down as CEO of the European supplier group CLEPA. Before joining CLEPA, Gales, 51, was head of brands at PSA and had held high-level jobs with Mercedes, VW, BMW and Opel.
Apr
30th

2014 LaFerrari first drive: Specs, pricing, impressions and photos — what more could you want?

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What is it?
Apr
30th

GERMANY: Daimler sees Q1 profit surge

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Daimler has reported a near doubling in first quarter profit, helped by healthy sales of new Mercedes-Benz models.
Apr
30th

US: Tenneco posts Q1 net income down to US$46m after restructuring

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Tenneco has reported first quarter net income of US$46m compared with US$54m in the same period last year.
Apr
30th

US: Automotive M&A deals drop 5% to 465 in 2013

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Automotive mergers and acquisitions (M&A) continued to decline for the second straight year to 465 total deals in 2013, PwC reported in its report Driving Value: 2013 Automotive M&A Insights.
Apr
30th

Bosch projects 3-5% sales growth, plans Internet technology push

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Robert Bosch expects sales growth of between 3 and 5 percent this year, even as the automotive supplier shifts its focus toward Asian markets and developing Internet-connected sensors.
Apr
30th

FRANCE: PSA completes EUR1.05bn share issue for Dongfeng and government

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PSA Peugeot Citroën says it has completed the share and rights issues for Dongfeng Motor and SOGEPA, a fully-owned French State company, for a total of EUR1.05bn (US$1.45bn), as well as formally appointing Louis Gallois as chairman.
Apr
30th

Ferrari LaFerrari vs McLaren P1 vs Porsche 918 Spyder: hypercar battle

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News 30 Apr, 2014

The Ferrari LaFerrari hypercar has arrived, but how does it stack up against its rivals from McLaren and Porsche?

Apr
30th

GERMANY: Bosch Q1 sales grow 7%

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The Bosch Group reported sales up 7% in the first quarter of 2014 taking FY13 sales to EUR46.1bn (US$63.7bn) an increase of 3.1% over FY12.
Apr
30th

Bosch sees up to 5% sales growth in 2014 amid strategy shift

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Bosch expects sales growth of between 3 percent and 5 percent this year, even as the supplier shifts its focus toward Asian markets and developing Internet-connected sensors.
Apr
30th

FRANCE: Saint-Gobain Q1 sales grew 2.6% to US$13.63bn

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Auto glass supplier Saint-Gobain booked growth of 2.6% (6.8% on like-for-like basis) in sales to EUR9.87bn (US$13.63bn) in the first quarter of 2014.
Apr
30th

MEXICO: Magna Powertrain expands to make AWD systems for Audi

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Magna International's powertrain unit has laid the foundation stone for a new manufacturing facility in Ramos Arizpe, Coahuila, Mexico, to supply Audi's new SUV plant also currently under construction.
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