As Britain prepares to leave the EU, some automakers are considering softening the blow of any tariffs by sourcing more parts locally and producing more models they can sell domestically rather than export.
Daimler development boss Ola Kaellenius believes the industry is at a major crossroads as megatrends such as connectivity, autonomous drive, shared services and electrification combine to shape the future market.
Western European car sales rose nearly 1 percent in February as demand slowed in key markets. Analysts LMC warned that uncertain political events could affect sales growth in the region.
In the final three months of 2016 Europe's automotive manufacturers and retailers extended their gains in shareholder value, as measured by the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices.
Six automotive suppliers have been fined a total of EUR155m (US$164m) by the European Commission (EC) for taking part in one or more of four cartels concerning supplies of air conditioning and engine cooling components to car manufacturers in the European Economic Area (EEA).
Features
28 Jan, 2019
Uber has opened up the private hire industry to thousands of drivers. We signed up to see what’s involved... and if it pays
BMW Group reported record sales volume, revenues and earnings for 2016 but analysts noted a drop in automotive operating profit and some unexpected write-downs.
BMW reported its weakest profitability since 2010, capping a negative year for CEO Harald Krueger after the brand lost the industry sales crown to rival Mercedes. Amid higher spending on technology, BMW's automotive profit margin fell to 8.
Bentley is due to make its next major UK investment decision on a new model around the start of next year and unfettered access to Europe is vitally important after Brexit, CEO Wolfgang Duerheimer said.
Pagani's latest $2.4 million, hand-built supercar, the Huayra Roadster, has made its public debut at the Geneva auto show after six years of development. The car has already sold out its limited production run of 100 units.
Lamborghini is open to a full-electric addition to its lineup, CEO Stefano Domenicali said, evidence that parent VW Group's interest in producing zero-emission vehicles could extend to the very top end of its brands.
Porsche may offer a full-electric version of its Macan SUV and could turn models such as the iconic 911 into hybrids, its sales chief said, amid a push by parent VW Group to move on from its emissions-cheating scandal.
A German court named Deka Investment as lead plaintiff for 1,470 damages claims against VW totaling $2 billion. The plaintiffs say they lost money on a drop of almost a quarter in VW's share price when it admitted cheating U.S. emissions tests.
A former Tesla executive is trying to raise at least $4 billion to build Europe's biggest battery factory in Sweden to meet an expected surge in demand as the region's automakers switch to electric vehicles.
Toyota may delay a decision on whether to build its next Auris at its UK car plant to see the outcome of Brexit negotiations.
Mahle Behr, Valeo, Denso and three other suppliers have been fined a total of $164 million by the EU's competition authorities for having operated cartels in a number of their markets.
News
18 May, 2018
First deliveries of the stylish new V60 estate are due in the third quarter of 2018, with prices from £31,810
VW Group is not open to merger talks with Fiat Chrysler, VW CEO Matthias Mueller said.
News
22 Nov, 2017
No BIK charge for EV owners charging cars at work, new diesel car tax rates and fuel duty freeze announced in Autumn Budget
Lexus's newest hybrid sedan, the LS 500h, is aimed squarely at luxury plug-in hybrid and full electric rivals from Mercedes and Tesla.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up