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Auto execs surveyed say VW, BMW most likely to grow

A new survey of top global automotive executives indicates both Volkswagen and BMW are the most likely to grow their market share over the next five years.
Tax advisory firm KPMG LLP has released its 14th annual Global Automotive Executive Survey, which includes responses from over 200 executives. A total of 81 percent of respondents said they expect to see Volkswagen make gains, compared to 70 percent last year. BMW, meanwhile, saw 70 percent of those surveyed say they believe the company will increase its market share. That's a jump of 7 percentage points over last year. This is the first time in the history of the survey that BMW has claimed the second-place spot.
Meanwhile, Hyundai has seen its perceived market share potential slacken for the third year in a row. Around 61 percent of those surveyed predicted gains for Hyundai, down from 63 in 2012. Toyota also has a surprising year, but for just the opposite reason. While the manufacturer had slipped in ranking since 2011, it enjoyed the largest increase of any company in the 2013 survey, jumping to 68 percent from 44 percent last year.

European car sales up 8% in February

Three weeks ago an analyst increased projections for European car sales this year, expecting them to climb three percent compared to last year instead of 2.7 percent. That number is a postive sign after years of hard times but it turns out February was especially good, overall European sales climbing eight percent on a wave of southern European recovery and discounts - and this comes after five months of gains including January's 7.2-percent jump over the year before.
The only country of Europe's five largest markets to post a decline was France, just as it did in January, Germany, the UK and Italy posting solid double-digit numbers, Spain rocking the charts with an 18-percent increase because of a government program to encourage trade-ins.
The only brand to miss the wave was Volkswagen, dropping 0.8 percent as it watched the double-digit growth at sister brands Audi, Seat and Skoda lift the Volkswagen Group sales up by seven-percent. Peugeot overcame flat sales at Citroën to improve the group by 3.5 percent, BMW and the Mercedes-Benz/Smart combo rose by four percent, the Fiat group jumped 5.8 percent, Ford was up 11 percent, the Renault Group 11.5 percent, General Motors 12 percent and the Toyota clan by 14 percent.

BMW recalls over 76k 2012-2014 models over brake failure

Bimmerfest is reporting that BMW has notified the National Highway Traffic Safety Administration of its intention to voluntarily recall more than 75,000 3 Series, 5 Series, X1, X3 and Z4 models due to a possible loss of power brake assist that could result in the vehicles failing to stop. The recall affects 2012-2014 models equipped with either the N20 or N26 engine produced from May 2012 to August 2013. Until recall repairs have been performed, BMW dealers will discontinue selling or delivering any affected vehicles in their inventories.
The problem has been traced to restricted oil supply from the intake camshaft to the brake vacuum pump, which may cause the brake vacuum pump to fail, resulting in a loss of power brake assist. While the hydraulic brakes will still function, the driver must much apply greater pedal pressure and the distance required to stop the vehicle will increase.
BMW has reported three minor accidents with no confirmed injuries. According to Bimmerfest, drivers who encounter a braking problem should "pull the emergency brake and apply as much brake pedal pressure as possible. If your BMW has an electronic parking brake pull up and hold the switch to engage the brake." Drivers should then park in a safe location and contact BMW Roadside Assistance.