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Feb
19th

Porsche halts GT3 deliveries after two catch fire

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Porsche says it expects to conclude an investigation into fires that broke out in two of its 911 GT3 cars this week, after the carmaker said it would halt deliveries of the model, including in the United States.
Feb
19th

Automakers vs. tech firms in a battle to use airwaves in talking cars

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Auto and technology companies are battling over a slice of coveted radio waves, with carmakers arguing the potential for lifesaving crash-avoidance systems should take precedence over more Wi-Fi for Web data and video.
Feb
19th

JAPAN: Toyota shuts domestic plants due to snow storm

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Toyota has been forced to suspend operations at four plants in central Japan due to the snow storm that swept across the country this week.
Feb
19th

FRANCE: Paris cash injection “state responsibility”: prime minister

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French Prime Minister, Jean-Marc Ayrault, has strongly backed his government's injection of EUR800m (US$1.1bn) into PSA Peugeot-Citroen as an act of "state responsibility."
Feb
19th

FRANCE: Paris cash injection “State responsibility”: Prime Minister

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French Prime Minister, Jean-Marc Ayrault, has strongly backed his government's injection of EUR800m (US$1.1bn) into PSA Peugeot-Citroen as an act of "State responsibility."
Feb
19th

‘Car guy’ Tavares will become PSA chief on March 31

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Industry analysts say former Renault executive Carlos Tavares, who will succeed Philippe Varin as PSA CEO on March 31, is the right man to lead the automaker.
Feb
19th

Toyota says union demand for pay hike is surprisingly high

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Toyota, Japan's largest manufacturer and employer, said the wage increases labor unions have demanded going into annual negotiations this year were "surprisingly high."
Feb
19th

Ferrari makes record profit despite building fewer cars

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Ferrari 458 Speciale head on
News 19 Feb, 2014

Ferrari’s new focus on exclusivity helped deliver a record 246m euro profit in 2013

Feb
19th

US: Toyota Prius most popular vehicle-line in California

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The Toyota Prius was the most popular vehicle-line in California for the second year in a row last year.
Feb
19th

PSA’s incoming CEO Tavares plans model makeover

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Carlos Tavares, PSA/Peugeot-Citroen's incoming CEO, laid out aggressive plans to remake the unprofitable automaker's model lineup. He said his plan is to focus on fewer models and to "scare" competitors with the new vehicles in the coming years.
Feb
19th

PSA’s incoming CEO Tavares plans model makeover

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Carlos Tavares, PSA/Peugeot-Citroen's incoming CEO, laid out aggressive plans to remake the unprofitable automaker's model lineup. He said his plan is to focus on fewer models and to "scare" competitors with the new vehicles in the coming years.
Feb
19th

Infiniti Q50 Eau Rouge to roar into life at Geneva

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Infiniti Q50 Eau Rouge concept front
News 19 Feb, 2014

New video teases Infiniti Q50 Eau Rouge engine noise, with full specs to be revealed at Geneva Motor Show

Feb
19th

FRANCE: Tavares take over PSA operations, becomes president on 31 March

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New PSA Peugeot Citroen CEO, Carlos Tavares, the former Renault COO who joined PSA on 1 January, will take over from Philippe Varin as president of the managing board on 31 March.
Feb
19th

FRANCE: Paris confirms state involvement in EUR3bn PSA capital increase

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France's government has confirmed it will inject EUR800m (US$1.1bn) into PSA Peugeot-Citroen with Chinese partner, Dongfeng contributing the same amount in a capital increase worth EUR3bn.
Feb
19th

FRANCE: Paris confirms State involvement in EUR3bn PSA capital increase

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France's government has confirmed it will inject EUR800m (US$1.1bn) into PSA Peugeot-Citroen with Chinese partner, Dongfeng contributing the same amount in a capital increase worth EUR3bn.
Feb
19th

Ferrari posts record 2013 revenue despite lower deliveries

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Ferrari posted a 5 percent rise in 2013 revenue to a record 2.3 billion euros ($3.15 billion), even as deliveries of its supercars fell 5 percent to 6,922 units.
Feb
19th

Ferrari posts record 2013 revenue despite lower deliveries

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Ferrari posted a 5 percent rise in revenue last year, even as deliveries of its supercars fell 5 percent as the automaker cut production to maintain exclusivity.
Feb
19th

Daimler extends CFO Uebber’s contract through 2019

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Daimler has extended CFO Bodo Uebber's contract by five years as it seeks to become the top luxury-car producer in sales and profitability.
Feb
19th

Family squabbles cost Peugeot clan control of PSA

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Infighting played a large role in the Peugeot family's loss of control of PSA/Peugeot-Citroen, industry watchers say.
Feb
19th

FRANCE: PSA reduces operating loss in 2013

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PSA Peugeot Citroen has reported an operating loss of EUR177m for 2013, an improvement on the EUR560m lost in 2012. Sales fell 2.4% to EUR54.1bn.
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