Post Tagged with: "automotive news europe"

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Report: Opel’s new CEO will stick to restructuring plan

Report: Opel’s new CEO will stick to restructuring plan

Opel’s new CEO Karl-Thomas Neumann backs the carmaker’s restructuring plan. According to a report from Automobilwoche cited by Automotive News Europe, the former VW executive has seen the Drive 2022 plan and wants to implement it without major changes. Opel contributed the most to parent General Motors’ $1.8 billion operating […]

Volkswagen CFO expects worse first quarter this year

Volkswagen CFO expects worse first quarter this year

Volkswagen predicts the first quarter of this year will be worse than a year earlier, adding to another forecast last week that said the carmaker’s 2013 operating profit will stagnate. According to Volkswagen Chief Financial Officer Hans Dieter Poetsch quoted by Frankfurter Allgemeine Sonntagszeitung, the first quarter 2013 “will be […]

2013 Amsterdam auto show cancelled due to the economic crisis

2013 Amsterdam auto show cancelled due to the economic crisis

The Amsterdam International Motor Show won’t be held next year, as organizers cancelled the event due to a lack of interest from automakers. Joost ‘t Hooft, project manager for the Amsterdam auto show, told Automotive News Europe that car companies are unwilling to commit to the event during the current […]

New Maserati Quattroporte is longer to compete with LWB rivals

New Maserati Quattroporte is longer to compete with LWB rivals

Maserati has extended the length of its new Quattroporte sedan in order to target customers who traditionally buy long-wheelbase luxury sedans from Audi, BMW and Mercedes-Benz. The new Quattroporte will grow from the current 5.1 meters to 5.3 meters, according to Automotive News Europe, which quotes company sources. This size […]

Volkswagen XL1 to enter production in 2013

Volkswagen XL1 to enter production in 2013

The German based automaker Volkswagen is planning to produce a version of the XL1 two-seater concept, previewed earlier this year at the 2011 Qatar Motor Show, starting from 2013. According to Automotive News Europe, the vehicle is expected to be produced in either Dresden or Wolfsburg, coming as a plug-in […]

EU parliament passes new car CO2 legislation

EU parliament passes new car CO2 legislation

Average CO2 emissions from new cars must be slashed to 130g/km by 2015, the equivalent of achieving 58mpg with a diesel engine and 52mpg in a petrol car. The EU new car CO2 legislation passed by the European parliament today sets out a tough programme for car manufacturers with 65% […]