More in Europe

  • Newswire

    UPDATE 2-VW, Piech clash on board appointments ahead of AGM  

    * VW installs new board members ahead of May 5 AGM * Piech challenges VW's board choices -Bild * VW, Piech's office, Porsche SE, IG Metall decline comment (Adds Bild report and background) By Andreas Cremer and Jan Schwartz BERLIN, April 30 (Reuters) - Volkswagen and newly departed chairman Ferdinand Piech clashed again on Thursday over supervisory board appointments, causing new strains at the carmaker ahead of what is likely to become a tense shareholder meeting next Tuesday....More
  • Newswire

    UPDATE 2-Fiat Chrysler shares extend losses after CEO's consolidation call  

    (Adds details, Ford comments, analysts, updates shares) By Agnieszka Flak MILAN, April 30 (Reuters) - Milan-listed shares in Fiat Chrysler Automobiles (FCA) fell to a 10-week low on Thursday, a day after its chief executive called for large-scale industry consolidation. Sergio Marchionne on Wednesday renewed his plea for shrinking the number of players in the global auto sector to sustain the heavy capital investments needed to meet demands for cleaner, safer vehicles....More
  • Newswire

    Fiat Chrysler Q1 operating profit weighed by Brazil weakness  

    MILAN, April 29 (Reuters) - Fiat Chrysler Automobiles on Wednesday reported slightly lower-than-expected first-quarter operating profit, as strong performance in North America was partially offset by continued weak conditions in Latin America. The company confirmed its full-year guidance....More
  • Newswire

    EU Mandates Automatic Emergency Calling in Cars  

    The measure requires that emergency-calling technology be installed in all cars and light trucks in Europe by April 2018....More
  • Newswire

    Daimler Tops Q1 Earnings Forecast  

    Earnings were boosted by a 9.2% return on sales at the automaker's luxury Mercedes-Benz Div., which beat prior-year's 7% result....More
  • Newswire

    UPDATE 2-VW investors hope Piech exit may usher in change  

    * VW investors say Piech exit may boost shares -survey * Shares up almost 5 pct * VW strategy shifts to address Piech criticism -sources (Adds investor comment, background on M&A and markets) BERLIN, April 27 (Reuters) - Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech....More
  • Newswire

    Family Stake in Peugeot at Issue in Meeting  

    A French newspaper reports the June meeting will center on differences among the Peugeot family over its 14.1% stake in the automaker....More
  • Newswire

    Volvo, Chinese Parent Geely to Develop Small Car  

    Volvo President and CEO Hakan Samuelsson says the automaker will build a small car based on a common platform and engine technology co-developed with Geely at its Belgian factory....More
  • Newswire

    VW Stakeholders Back Embattled CEO Winterkorn  

    Labor leaders at Volkswagen and the German state of Lower Saxony, which holds 20% of VW's voting rights, say they continue supporting the CEO whose ouster is being sought by Chairman Ferdinand Piech....More
  • Newswire

    REFILE-PSA Peugeot Citroen CEO open to expand mini-car collaboration beyond Toyota  

    (Fixes spelling of CEO's name in second paragraph) By Norihiko Shirouzu SHANGHAI April 23 (Reuters) - French automaker PSA Peugeot Citroen is open to bringing in more partners to its existing collaboration with Toyota Motor Corp to share the cost of designing and manufacturing mini-cars, according to its chief executive....More
  • Newswire

    Peugeot, IBM Expanding Connected-Car Partnership  

    The automaker and the computer-services provider are extending by seven years their year-old agreement to develop connected-car services more advanced than current navigation and infotainment technology....More
  • Newswire

    Indian Automaker Preparing to Bid for Pininfarina  

    Sources say Mahindra & Mahindra intends to submit a formal bid for the Italian car-design studio in time for an April 29 shareholder meeting....More
  • Newswire

    French Government Completes Renault Stake Increase  

    The government's stake in Renault stands at 19.74%, up from 15.01%, in a move designed to obtain the extra voting weight needed to block efforts to uphold the automaker's one-share, one-vote capital structure....More
  • Newswire

    CORRECTED-Peugeot lifts European output as market upturn helps plan  

    (Corrects period affected by output increase in second paragraph to May-August from January-August) By Laurence Frost PARIS, April 21 (Reuters) - PSA Peugeot Citroen announced a 10 percent European production increase on Tuesday as returning demand boosts the troubled French carmaker a year into a major turnaround plan....More

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