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Lotus CEO 'confident' he can return brand to profit

Sept. 23, 2014 06:01 CET

New Lotus CEO Jean-Marc Gales says he's “confident” he can make the money-losing brand profitable again by cutting jobs, adding dealers and boosting the sports car maker's lineup.
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2014 PARIS AUTO SHOW
Toyota concept shows Europe-led design shift
Sept. 23, 2014 06:01 CET

Toyota turned to its styling center in southern France to create the “emphatic new design language” displayed on the C-HR crossover concept the automaker will ...
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2014 PARIS AUTO SHOW PREVIEW
French automakers focus on fuel economy as rivals push zoom factor
Sept. 22, 2014 06:01 CET

French automakers will focus on ultra fuel-efficient concepts at the Paris auto show while their rivals showcase sporty cars such as the Mercedes-AMG GT, Jaguar XE and M ...
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VW seeks higher margins with China-only luxury sedan, sources say
Sept. 22, 2014 09:03 CET

VW Group will launch a VW-badged luxury sedan designed solely for China next year to help boost its margins, sources said. The move, however, could put VW brand in direct ...
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Nissan and Dongfeng form JV for Infiniti in China
Sept. 22, 2014 12:27 CET

Nissan has formed a joint venture with Dongfeng Motor in China dedicated to producing premium Infiniti vehicles. Nissan and Dongfeng each will control 50 percent of the J ...
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2014 PARIS AUTO SHOW
Mini will show new 5-door hatchback at Paris show
Sept. 19, 2014 14:52 CET

Mini will unveil its first five-door hatchback in Paris as the BMW subsidiary seeks to attract new customers and those looking for something bigger than the current three ...
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Fiat will source a midsize truck from Mitsubishi
Sept. 19, 2014 08:44 CET | UPDATED: Sept. 19 14:50 CET -- Adds production volume

Fiat Chrysler will source a pickup for Europe and Latin America from Mitsubishi starting in 2016. The automakers today signed an interim agreement to develop and manufact ...
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Fiat will suspend Panda production at Italy plant as demand falls
Sept. 19, 2014 18:00 CET

Fiat will temporarily suspend production at its Pomigliano plant in southern Italy from Oct. 16-27 amid weak demand. The Fiat Panda minicar is built at the factory. ...
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Ford to cut Fiesta output in Germany
Sept. 19, 2014 10:47 CET

Ford said it will cut production of its Fiesta subcompact at its plant in Cologne, Germany, in the fourth quarter because of slowing demand in some of the region's key ma ...
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BMW extends CFO Eichiner's contract until 2017
Sept. 19, 2014 11:31 CET

BMW will extend the contract of 59-year-old Chief Financial Officer Friedrich Eichiner by another two years, a change by the company that has until now forced its board m ...
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EU antitrust chief says more cartel fines on way for suppliers
Sept. 19, 2014 12:41 CET

EU regulators say they are ready to penalize several suppliers found guilty of price fixing. The EU has already fined two supplier cartels more than 1 billion euros in th ...
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Lotus plans to cut up to 325 jobs to reduce losses
Sept. 18, 2014 18:41 CET

UK sports car maker Lotus said it plans to cut as many as 325 jobs, a quarter of its workforce, as it seeks to reduce losses. ...
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Fiat Chrysler locates new HQ in London's West End
Sept. 18, 2014 15:58 CET

Fiat Chrysler will locate its new global headquarters in St James's Street in London's West End, near Buckingham Palace. London is neutral territory between the Italian c ...
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Mercedes opts for cloud-computing setup to protect data from hackers
Sept. 18, 2014 13:22 CET

Mercedes is using a cloud-computing setup to protect data generated by vehicles as the industry moves toward driverless cars. Automakers are looking for ways to stop hack ...
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ZF net debt seen at $11 billion after TRW deal, report says
Sept. 18, 2014 18:05 CET

ZF's net debt will rise to about 8.5 billion euros ($11 billion) -- about 2.4 times core earnings -- after it buys rival TRW, a banker familiar with the deal said. Earlie ...
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Bentley adds models in Korea on rising ultraluxury demand
Sept. 18, 2014 12:25 CET

Bentley is adding new models in South Korea as the brand sees increased competition for ultraluxury cars in the market. The automaker says its dealership in Seoul has see ...
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VW's German workers will seek above-inflation pay hike
Sept. 18, 2014 23:49 CET

VW's German workers will push for above-inflation pay increases next year, even as the carmaker seeks to cut costs and boost flagging profitability in its core division, ...
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2014 PARIS AUTO SHOW
SsangYong set to join expanding subcompact SUV segment
Sept. 18, 2014 11:46 CET

SsangYong will preview two subcompact SUV concepts in Paris next month, ahead of the launch of a production model, the X100, next year. SsangYong is the latest automaker ...
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Europe auto sales rose 2% in August as region's recovery slows
Sept. 17, 2014 08:43 CET

European car sales rose 2 percent in August but a heavy reliance on incentives in Spain and a fall in sales in Germany, France and Italy are signs that the region's recov ...
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Audi and Mercedes are granted California autonomous driving permits
Sept. 17, 2014 17:35 CET | UPDATED: Sept. 18 17:10 CET - adds Mercedes comments

Audi and Mercedes-Benz have received licenses for self-driving cars in California after new laws in the state governing autonomous driving went into effect. ...
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More Breaking News »    
 
Most Read
Vauxhall flexes its muscles

Nick Gibbs
12:01 am U.S. ET | Sept. 14 2014

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Opel and Vauxhall's harmonious relationship was tested recently by the naming of their new minicar. ...
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Montezemolo's Ferrari departure no laughing matter

Gilles Castonguay
4:48 am U.S. ET | Sept. 12 2014

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After Ferrari Chairman Luca Cordero di Montezemolo said he will no longer lead the sports car brand, he and Sergio Marchionne made a great show of being good friends, but... ...
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Montezemolo's magic touch

Luca Ciferri
7:20 am U.S. ET | Sept. 10 2014

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When Ferrari Chairman Luca Cordero di Montezemolo officially steps down next month the supercar make ...
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Nissan, Renault, Dacia and Lada benefit from low-cost car vision

Luca Ciferri
12:01 am U.S. ET | Sept. 5 2014

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The global reach of Renault's budget-car program, which was dreamed up by former Renault CEO Louis S ...
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Mazda MX-5 restores love at first sight

Douglas A. Bolduc
6:28 am U.S. ET | Sept. 4 2014

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The new Mazda MX-5 instantly reignited a fire in this longtime Miata co-owner. ...
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Tough times for Carlos Ghosn

Douglas A. Bolduc
4:49 am U.S. ET | Sept. 2 2014

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Renault-Nissan CEO Carlos Ghosn has had three highly skilled leaders leave the alliance since last August. ...
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Hollywood glamour, Parisian chic and the Peugeot 308

Bruce Gain
12:01 am U.S. ET | Aug. 26 2014

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PSA is using the Hollywood film "Lucy" to give its Peugeot 308 a marketing boost in more than 50 mar ...
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Why Korea could be next to crack down on foreign brand pricing

Hans Greimel
12:01 am U.S. ET | Aug. 20 2014

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Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up? ...
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Why Beijing's antitrust crackdown has little to do with protectionism

Yang Jian
12:01 am U.S. ET | Aug. 17 2014

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Beijing's slew of antitrust investigations into the pricing practices of foreign automakers is more likely to harm Chinese brands than to protect them. ...
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Ford Fiesta, VW Polo make big moves in Web world

Douglas A. Bolduc
12:01 am U.S. ET | Aug. 15 2014

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The Ford Fiesta and VW Polo were big Web winners during the second quarter. Other stars were the Lan ...
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2014
 
2013 Rising Stars 
2013 Rising Stars 
Auto sector faltered in Q2
European automakers, suppliers and retailers experienced mixed fortunes in the second quarter of 2014, as measured by the Automotive News Europe/PricewaterhouseCoopers. ...
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Western European car sales extend mixed recovery
Western European car sales rose 1 percent in August, the 12th consecutive monthly gain, as faltering ...
 Read More ›
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German, French and Italian car sales fall in August
New-car sales in Germany, France and Italy all fell slightly in August, a seasonally weak vacation m ...
 Read More ›
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Spanish car sales rise 14% in August
Spain's new-car sales rose 14 percent to 45,355 in August, the twelfth straight month of increases, ...
 Read More ›
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French car sales drop 3% on weak August demand
French car sales fell 3 percent last month, led by an 11 percent drop at Renault. ...
 Read More ›
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Recovery on track as western Europe car sales rise 5%
Car sales in western Europe grew by 5 percent in July to a little more than 1 million vehicles, brin ...
 Read More ›
Strong UK car sales in July part of improving European trend
New-car sales in the UK rose by 7 percent in July, as the country's credit-backed growth continued. The increase follows volume growth last month in Germany, Italy and Spain. ...
 Read More ›
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German car sales bounce back in July
New-car sales in Germany bounced back in July, suggesting further improvement in second-half demand ...
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European car sales rise 4%, boosted by incentives
European car sales rose 4 percent in June as an economic recovery in southern Europe, new product la ...
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Ford, Toyota models will help boost Turkish car output to record
New models from Ford, Toyota and Hyundai are expected to help boost Turkish automotive production to ...
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VW-SAIC joint venture names industry veteran as president
Shanghai Volkswagen Automotive, a joint venture between VW and SAIC Motor, hired veteran executive Chen Zhangxian as its new president. ...
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Mazda names new sales chief for Europe
Mazda veteran Martijn ten Brink is the automaker's new head of sales in Europe. ...
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Lotus hires former Kia Europe exec Lievens
Lotus has hired Jean-Charles Lievens, Kia's former European markets expert, to develop the automaker ...
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Former BMW designer Rice is Mazda Europe's new design boss
Mazda has promoted Kevin Rice, who rejoined the automaker from BMW last year, to lead its European d ...
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Europe's slump creates new opportunities at the top
Europe's car sales slump took its toll on the executive ranks at automakers active in the region. ...
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Bentley names VW China exec as CFO
Bentley has appointed Joerg Mull, executive vice president of finance at Volkswagen Group in China, as its new finance chief. ...
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Bentley names VW veteran as human resources chief
Bentley named VW Group executive Marlies Rogait as its new head of human resources. ...
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Rolls-Royce names new China boss
Rolls-Royce has named BMW veteran Leon Li as regional director for its China operations. ...
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CLEPA names new CEO
Veteran supplier executive Paul Schockmel is the new CEO of Europe's partmakers association, CLEPA. He succeeds Jean-Marc Gales who is now CEO of sports car maker Lotus. ...
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Infiniti lures BMW exec to head global operations
Infiniti has named longtime BMW executive Gaby-Luise Wuest as its head of global operations. ...
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Citroen touts 'cheerful' C1
Citroen is touting the C1's "cheerful" front-end design, open-top variant and a modern infotainment ...
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Mercedes has high hopes for S-class coupe
Mercedes expects a new name, fresh design and innovative technology will help double sales of the S- ...
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Citroen's clever C4 Cactus
Citroen has found clever ways to make its new C4 Cactus an unconventional and affordable alternative ...
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Toyota Aygo gets 'fun' makeover
Toyota is aiming its new Aygo minicar at younger buyers who don't take themselves too seriously, par ...
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Nissan X-Trail gets sporty
Nissan's new X-Trail, which is now available with front-wheel-drive and seven-seat models, has a dis ...
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The 'better Golf'
Volkswagen says the Golf Sportsvan combines the agility of the classic Golf hatchback with the roomi ...
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Honda rolls out the Civic wagon
Honda hopes that sleek styling and a smart interior will help its new Civic Tourer station wagon boo ...
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Ferrari California T is brand's fuel-sipper
Ferrari expects its California T, the brand's only model with a turbocharged engine, to attract cust ...
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BMW X4 fills tall order
BMW has taken steps to ensure that tall people will still feel comfortable inside the new X4 by lowe ...
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Nissan wants e-NV200 to win sales from diesels
Nissan wants fleet managers in Europe to turn away from diesel-powered delivery vans in favor of its ...
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Magna Powertrain helps Mercedes GLA stay on track
Magna Powertrain supplies the all-wheel-drive system for the new Mercedes-Benz GLA. ...
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Osram provides BMW i8's laser lights
Osram provides the headlamps for the optional laser high beams on the BMW i8 plug-in hybrid supercar ...
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Delphi helps reduce CO2, noise in new Peugeot 308
Delphi supplies the injectors to the new Peugeot 308's gasoline direct-injection engine, which produ ...
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Roechling, Plastic Omnium help cut CO2 in new Nissan Qashqai
Roechling Automotive and Plastic Omnium help reduce the drag coefficient in the new Nissan Qashqai t ...
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Brose, Behr, Conti keep Skoda Octavia's cabin cozy
Several suppliers contributed to the Octavia's HVAC system. ...
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