More in Europe

  • Newswire

    Supplier Faurecia Raises 2015 Profit Margin  

    The French automotive supplier, citing sales growth in Europe and North America and a weak euro, says first-half net income nearly doubled from like-2014....More
  • Newswire

    UPDATE 2-Luxury sportscar maker Ferrari files for New York listing  

    * To sell 10 pct of Ferrari to fund FCA's ambitious growth plan * Marchionne says Ferrari should be worth "at least" $11 bln * To be floated in New York, may seek secondary listing in Milan * To include loyalty scheme that will benefit Agnelli family (Recasts, adds details) By Agnieszka Flak...More
  • Newswire

    TomTom, Bosch Enhance Nav-Systems Partnership  

    Dutch map developer TomTom and German automotive-electronics supplier Bosch say their collaboration will result in "high-precision maps for automated driving" on German freeways and eventually spread to the rest of Europe and North America....More
  • Newswire

    RPT-Germany, Iran Pledge to Revive Economic Ties After Long Freeze  

    For decades, Germany was Iran's biggest trading partner in Europe. Last year, German exports to Iran rose to €2.4 billion euros in anticipation that the sanctions might be eased, but German industry associations have said they could quadruple to €10 billion within a few years....More
  • Newswire

    Ghosn: Nissan Eyeing Purchase of EV Batteries  

    The Nissan CEO tells The Wall Street Journal the automaker may follow alliance partner Renault's lead and purchase batteries for its electric cars, rather than build its own in a joint venture with NEC....More
  • Newswire

    UPDATE 4-Canadian auto parts maker Magna to buy Germany's Getrag for $1.9 bln  

    (Adds Getrag valuation, CFO comment and detail on advisers) By Euan Rocha and Allison Martell TORONTO/FRANKFURT, July 16 (Reuters) - Canadian automotive parts maker Magna International Inc said on Thursday it would buy privately-owned German car parts maker Getrag for 1.75 billion euros ($1.9 billion), in a bid to expand its automotive transmission systems business....More
  • Newswire

    Supplier Strike Ends, Spain's Seat Resumes Production  

    Volkswagen's Spanish subsidiary had shut down Wednesday because of a strike at Johnson Controls Eurosit that cut off supplies of seats....More
  • Newswire

    VW's Seat suspends Spanish production due to parts strike  

    MADRID, July 15 (Reuters) - Spanish carmaker Seat said it had suspended all domestic production because of a strike at the firm that supplies it with seats. The strike at Johnson Controls Eurosit began on Wednesday, the carmaker, a subsidiary of Volkswagen, said in a statement. Seat's Spanish plant, at Martorell in Barcelona, has a capacity of 2,100 vehicles per day and produces the Leon and Ibiza marques, as well as the Audi Q3....More
  • Newswire

    Porsche's German Plants Getting €1.1 Billion Upgrade  

    The sports car maker's spending plan runs through 2020 and includes building a new engine plant and body shop at its core Zuffenhausen facility in Southern Germany....More
  • Newswire

    Report Says FCA's Marchionne Done Courting GM  

    The New York Times quotes the Fiat Chrysler Automobiles CEO as saying he "won't go back to get my nose bloodied a second time" after GM rejected his merger proposal in March....More
  • Newswire

    PSA Sees Iran Opportunities With Deal to Lift Sanctions  

    A PSA official says the diplomatic agreement lifting sanctions against Iran will promote car production using the French automaker's latest vehicle architectures and engines....More
  • Newswire

    Polish Car Output Slips 0.7% in June  

    Production was up 11.5% in the year's first half compared with like-2014, but the June dip indicated the auto industry hasn't kept pace with the country's overall resurgence in manufacturing....More

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