Volvo exec says risk factor for XC60 exceeds XC90
Posted 5:09 am U.S. ET, April 27
Production of the new XC60 started Wednesday at Volvo's plant in Torslanda, Sweden. The first customer-bound car, shown, was a white T5 Inscription variant with all-wheel drive. It rolled off the assembly line just before noon.
DOUGLAS A. BOLDUC
Volvo's r&d boss says the new XC60 is even more of a high-risk model than the second-generation XC90.
“The last years of its life cycle the XC90 wasn't really up to the competition of the other premium brands,” Henrik Green, who replaced Peter Mertens as r&d chief at the Swedish brand five months ago, told a small group of journalists this week at the company's headquarters in ...
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Germany's auto industry welcomes prospect of Macron presidency in France
Posted 8:34 am U.S. ET, April 24
Macron greets supporters after securing a place in the final round of voting for the presidency. (Reuters)
Sunday's election outcome in France, in which a moderate Europhile investment banker won the first round of the presidential vote, was met with relief by German's auto industry.
The victory by Emmanuel Macron over leading far-right populist Marine Le Pen – widely expected to be confirmed in two-weeks' time in the run-off – is seen as a victory for the euro, free trade and open borders ...
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China lands Chevy Volt in a Buick wrapper
Posted 8:14 am U.S. ET, April 20
Buick rolled out its version of the Chevrolet Volt for the Chinese market this week, with the upscale hybrid dubbed Velite 5 in the Middle Kingdom. Buick offers far more models in China than it does in the U.S., and analysts predicted a Buick version of the Volt would be offered there before the second-generation model even debuted.
Just like the Volt, the Buick Velite 5 will be powered by two el ...
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Tavares' tall task for PSA and Opel: brand management
Posted 12:01 am U.S. ET, April 7
| Luca Ciferri is associate publisher and editor of Automotive News Europe.|
The buzz at last month's Geneva auto show was what would PSA CEO Carlos Tavares do to streamline his enlarged stable of brands, given that Citroen, Peugeot and new addition Opel/Vauxhall all compete in Europe's saturated volume car market. If that's not challenging enough, Tavares' near-premium DS brand has a long way to go to get on the same shopping list as a BMW, Audi or Jaguar.
Tavares said h ...
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After record high, UK's 'treasure island' status is set to end
Posted 4:32 am U.S. ET, April 6
| Nick Gibbs is UK Correspondent at Automotive News Europe.|
After March new-car registrations hit an all-time high in the UK, analysts predict an end to the market's long run as a "treasure island" for profits.
For the past five years, sales have boomed in Europe's No. 2 market after Germany, helped by easy credit that encouraged to automakers to import surplus production from continental Europe. As many of those sales were premium models and better-equip ...
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Volvo CEO keeps his hiring promise
Posted 12:01 am U.S. ET, April 5
| Douglas A. Bolduc is managing editor at Automotive News Europe.|
Volvo CEO Hakan Samuelsson wants to make the Swedish automaker “younger, more diverse and more international,” he told me in an interview earlier this year.
He achieved all three with the hiring of Martina Buchhauser.
When Buchhauser officially joins Volvo later this year the 50-year-old German will be the third woman and the sixth non-Swede on Volvo’s executive management ...
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Piech's problem: his 'small-minded' family
Posted 5:29 am U.S. ET, April 4
Piech is walking away from his life's work at VW.
Ferdinand Piech's decision to sell his stake in his family's holding company that owns a majority stake in Volkswagen Group ends a lifetime spent in almost constant conflict with relatives he saw little use for.
Piech will sell the bulk of his 14.7 percent ordinary shares in Porsche SE, which controls 52.2 percent of VW Group's voting stock. He will leave Porsche SE's board when the transaction f ...
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Will the quality ghosts of British Leyland haunt Tesla?
Posted 11:28 am U.S. ET, April 4
A Tesla Model 3 outside the company's Gigafactory in Sparks, Nevada, in July 2016. (BLOOMBERG)
Elon Musk, born in June 1971, may know little about the defunct UK automaker British Leyland. But he may very well learn -- painfully -- some of the lessons that eventually killed what was once the General Motors of Britain.
In the summer of 1968, a massive merger of British Motor Holdings and Leyland Motor Corp. created the world’s sixth-largest automaker. British Leyland consisted of Jagu ...
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Tavares has the tools to make PSA-Opel a success
Posted 12:01 am U.S. ET, April 4
CEO Carlos Tavares has restored PSA Group to profitability and pushed it beyond its traditional European focus to global markets. Can he do the same for Opel? (REUTERS)
PSA Group’s pending acquisition of Opel/Vauxhall has all the makings of a prime-time television drama. Just two years after rescuing his company from near-bankruptcy, CEO Carlos Tavares has staked his legacy on the purchase of a German rival that has consistently lost hundreds of millions of euros a year.
What’s more, the sale vaults Tavares past his former mentor at Renault, Carlos G ...
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Volvo’s head of Europe says that his dealers have had to get used to something new: knowing how to cash in on conquest sales.
“Two to three years ago we didn't have any conquest sales. Now it's a factor that we have to work on,” Anders Gustafsson told me. “We have to educate our dealers on which cars and which trim lines to take as a trade.”
For years, Volvo's lineu ...