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Carmakers Say Costs Are Rising to Meet Europe’s CO2 Goals
3/10/2015Carmakers will spend some €13 billion to meet Europe's 2021 carbon dioxide emission standards, up from €12 billion estimated a year ago, Automotive News Europe says.
Audi Says Margins May Shrink as It Chases BMW
3/10/2015Audi AG cautions that its profit margins are likely to fall again this year as it boosts spending to overtake rival BMW AG and become the world's highest-volume maker of luxury cars.
British Pound at 7-Year High Against Euro
3/10/2015The U.K.'s pound sterling rose to nearly €1.41 today, its strongest value against the euro since December 2007.
Car Sales Plunge 38% in Russia
3/10/2015Retail passenger vehicle sales in Russia plummeted to 128,300 units last month from 206,500 in February 2014, the Moscow-based Assn. of European Businesses reports.
Car Sales Climb 16% in China
3/10/2015Retail sales of passenger vehicles in China rose to 3.5 million in January-February from 3.0 million in the same period in 2014, according to the China Passenger Car Assn.
Tesla Says Nevada Battery Factory is On Schedule
3/10/2015Tesla Motors Inc. shrugs off a local media report that the huge battery "gigafactory" it is building in Nevada has been hampered by unspecified construction delays.
Audi Plans Diesel, Gasoline Plug-in Q7 Crossovers
3/10/2015Audi AG will offer two plug-in hybrid options for its Q7 large crossover: a diesel-electric for Europe next year and, according to Automotive News Europe, a gasoline-electric due later for China and the U.S.
Death Toll for GM Ignition Switches Now at 64
3/10/2015The fund set up to compensate victims of defective General Motors Co. ignition switches has now approved payments for 64 fatalities and 108 injuries linked to the devices.
Australia Won’t Cut Aid to Fading Auto Industry
3/10/2015Australia Prime Minister Tony Abbott has dropped a plan to reduce some A$900 million ($687 million) in aid to carmakers and parts suppliers in the country, Bloomberg News reports.
Ghosn Says Renault-Nissan Will Outsell GM by 2018
3/9/2015Renault-Nissan Alliance CEO Carlos Ghosn tells Automotive News Europe the group aims to replace General Motors Co. as the world's third-largest carmaker by 2018.