Piech resigns as VW chairman after failing to oust CEO

Piech resigns as VW chairman after failing to oust CEO

April 25, 2015 18:38 CET UPDATED: April 25 21:32 CET - adds Porsche comment
VW Group Supervisory Board Chairman Ferdinand Piech unexpectedly resigned on Saturday after losing a showdown he provoked with CEO Martin Winterkorn. Piech has been a dominant figure at VW for more than two decades and is the grandson of the inventor of the VW Beetle. ...
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» VW leadership crisis escalates as board members criticize Piech
» Piech denies reports saying he wants to oust Winterkorn
» Piech's grip on VW weakened by row with CEO
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VW C Coupe GTE will be brand's low-emissions flagship in China

April 25, 2015 06:15 CET

VW plans to launch a production version of the C Coupe GTE plug-in hybrid concept in China, where it will be the flagship of the automaker's low-emissions lineup.
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» PHOTO GALLERY: Volkswagen C Coupe GTE concept

Shanghai auto show

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France to 'talk again' with Renault; reaffirms vote plan
April 24, 2015 20:50 CET

French Economy Minister Emmanuel Macron said on Friday he would "talk again" with Renault CEO Carlos Ghosn but reaffirmed his intention to boost the government's voting r ...
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Volvo will build new compacts in Belgium, CEO says
April 24, 2015 14:57 CET | UPDATED: April 24 20:25 CET -- Corrects photo

Volvo will build a new family of compact cars on a common platform shared with parent Zhejiang Geely at its Belgian factory, CEO Hakan Samuelsson said. The compacts may a ...
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ThyssenKrupp plans to invest 800 million euros in N.A.
April 24, 2015 17:39 CET

German industrial group ThyssenKrupp plans to invest more than 800 million euros ($869 million) in North America by 2020 to take advantage of increased auto production. ...
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Audi prepares electric SUV to fight Tesla
April 24, 2015 06:01 CET

Audi is set to launch a full-electric SUV with a 500km (310 mile) range that will challenge Tesla's Model X crossover, but CEO Rupert Stadler remains cautious about EVs. ...
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE
Plug-ins poised to be Europe's top electrified drivetrain
April 24, 2015 06:01 CET

Plug-in hybrid cars are forecast to outsell standard hybrids by 2019 and reach 1.2 million sales annually in Europe in 10 years. The rapid rise will come as automakers st ...
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Skoda, unions agree on 3.5% wage hike
April 24, 2015 13:10 CET

Skoda has reached an agreement with workers on a 3.5 percent wage hike, the carmaker's main union group said. Unions threatened to strike last week after seeking a higher ...
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VW says it could cut battery costs with single design
April 24, 2015 06:01 CET

Volkswagen's r&d boss says using a single type of lithium ion battery cell for all VW, Porsche, Audi and other group electrified vehicles could lead to a two-third reduct ...
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VW, BMW are top brands among Chinese auto buyers, survey says
April 24, 2015 14:30 CET

Volkswagen is the top pick for Chinese consumers considering buying a vehicle followed by BMW and Buick, according to a survey on auto-purchase sentiment conducted by a r ...
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Alfa's pitch in U.S. will be luxury, Italian style
April 24, 2015 06:01 CET

As he prepares the campaign to reintroduce Alfa Romeo to the United States, Fiat Chrysler marketing chief Olivier Francois says he may exploit the notion that shoppers ha ...
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Toyota keeps global sales lead over VW on U.S. demand
April 23, 2015 11:37 CET

Toyota beat Volkswagen and General Motors to remain the world's top-selling automaker during the last quarter despite declining deliveries. Demand for SUVs has helped to ...
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Renault revenue rises 14% on European upturn
April 23, 2015 17:56 CET | UPDATED: April 24 12:31 CET - adds analyst comment

Renault said first-quarter revenue rose 14 percent as its improving sales in Europe helped offset plummeting demand in Russia and South America. ...
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Mercedes fined $56 million in China for price fixing
April 23, 2015 08:30 CET

Authorities in China's Jiangsu province fined Mercedes-Benz 350 million yuan ($56 million) for a pricing monopoly there. It is the biggest fine imposed on an automaker si ...
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GM profit rises as N.A. offsets Brazil, Russia weakness
April 23, 2015 13:23 CET | UPDATED: April 23 14:50 CET - adds Europe profit forecast

GM posted first-quarter operating income of $2.08 billion, driven by strong truck sales in North America that offset weakness from the economic downturns in Russia and Br ...
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Honda will cut European Civic production costs with global platform
April 23, 2015 06:01 CET

Honda will significantly reduce production costs on its next European Civic compact hatchback by basing it on a global platform. Honda will launch its next-generation Civ ...
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PSA's Tavares open to adding partners to Toyota JV
April 23, 2015 13:53 CET

PSA/Peugeot-Citroen is open to bringing in more partners to its existing collaboration with Toyota to share the cost of designing and manufacturing minicars, PSA CEO Carl ...
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UK car production rises 1.9% in March
April 23, 2015 14:22 CET

UK car production rose 1.9 percent last month, the best March figure since 2006, according to the Society of Motor Manufacturers and Traders (SMMT). Through March output ...
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VW eyes budget car tie-up with Great Wall, report says
April 22, 2015 17:41 CET

Volkswagen is considering cooperating with China's Great Wall on a new budget model, a German business magazine reported. VW has discussed taking a stake in Great Wall, t ...
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Aston Martin mulls U.S. plant for crossover, report says
April 22, 2015 10:50 CET

Aston Martin may add a plant in the U.S. to build the brand's first crossover, the Financial Times reported. The British automaker has held talks with officials in ...
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France completes move to increase Renault stake
April 22, 2015 11:01 CET

The French government has completed steps to increase its stake in Renault despite opposition from the company's alliance partner, Nissan, and Carlos Ghosn, who heads bot ...
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