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GM to pay new CEO Akerson $1.7 million cash a year

3:35 pm U.S. ET, Sept. 10
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General Motors Co. has agreed to pay new CEO Dan Akerson $1.7 million in cash annually, plus $5.3 million in salary stock over the next three years. Akerson, 61, also will receive $2 million in restricted stock as part of the company’s long-term incentive plan, GM said today in a regulatory filing. Read More »
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    Global auto industry outlook dims as U.S., China markets slow
    1:00 pm U.S. ET, Sept. 10
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    U.S. auto sales in August were the worst for the month in 28 years, while China’s passenger-car deliveries to dealerships increased at the slowest pace since March ...
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    Ghosn: ‘No hesitation' in declining GM CEO offer
    12:01 am U.S. ET, Sept. 10
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    Carlos Ghosn, chief executive officer of Nissan and Renault, said he had “no hesitation” in declining an offer last year from the U.S. government to lead Gene ...
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    Group 1 extends CEO Hesterberg's contract, hikes base pay
    12:01 am U.S. ET, Sept. 10
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    Group 1 Automotive extended president and CEO Earl Hesterberg's employment contract through Dec. 31, 2015, and raised the chief executive's base salary 10 percent. Under ...
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    TRW to sell 7.5 million shares of stock
    10:28 am U.S. ET, Sept. 10
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    TRW Automotive Holdings Corp. is planning to sell 7.5 million shares of its common stock in a secondary public stock offering on the New York Stock Exchange. TRW will not ...
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    VW's August sales rise 11% on growth in U.S., Chinese markets
    6:01 am U.S. ET, Sept. 10
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    Volkswagen said deliveries advanced 11 percent last month, helped by increased sales in China and the U.S. August sales gained to 545,000 vehicles from 490,600 a year ear ...
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    PARIS AUTO SHOW
    Smart sketches new electric scooter ahead of Paris debut
    12:01 am U.S. ET, Sept. 10
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    Smart has revealed more plans for a plug-in electric scooter that it will debut at the Paris auto show. Described as a concept with a possible production future, the trad ...
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    Blogs
    • Chevy getting back in the game
      DAVID BARKHOLZ: New management at General Motors Co. has preached bold, decisive action. So here goes. Chevrolet is treading new territory this Sunday at the MTV...
      Sept. 10, 2:03 pm U.S. ET
    • Is the $50,000 minivan coming down the road soon?
      DAVID PHILLIPS: Minivans, the conventional wisdom goes, are so '80s and early '90s. Young families today want sporty crossovers. But for those households choosing a...
      Sept. 10, 12:01 am U.S. ET
    • Toyota’s hot answer to Honda’s CR-Z
      HANS GREIMEL: Could this be Toyota’s riposte to Honda’s CR-Z sporty hybrid? Since debuting at January’s Tokyo Auto Salon, an open-cockpit sports...
      Sept. 9, 12:01 am U.S. ET
    More »    

    More Breaking News
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    Mercury’s expiration date means survival crisis for Lincoln dealers

    AMY WILSON: Owners of just over 250 stand-alone Lincoln-Mercury stores are waiting and wondering what Oct. 4 will bring. That’s when Ford Motor Co. will update dealers on the future of the Lincoln brand. Read More »
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    Featured Video

    GM's Joel Ewanick: "It's about the brands first."

    12:01 am U.S. ET | Sept. 9
    Marketing Chief Joel Ewanick joined GM in May, almost a year after the company's bankruptcy exit. The former Hyundai and Nissan marketer says he will focus on building brands that entice buyers. He sat down with Automotive News Editor Jason Stein in August. ... Read More »
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    The government has caused China's excess production capacity

    YANG JIAN: Let's accept a newly issued government prediction that car sales will grow 13 percent annually. If so, industry sales will total 27 million units in 2015 -- an impressive total,... Read More »
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    Data Center

    U.S. car and light-truck inventories, on Sept. 1

    Sample data:

      DaysDays
      supplysupply
     InventorySep.Aug.
     Units20102010
    BMW div. car (D/I)22,2003639
    BMW div. trk. (D/I)2,1001316
    Total BMW division (D/I)24,3003134
    Mini Cooper car (I)4,0002329
    BMW†28,2002933

    Canada light-vehicle sales by make, Aug. & YTD

    Sample data:

           Total
     CarCarTruckTruckTotalTotalPercent
    Make201020092010200920102009change
    Acura5619198907251,4511,644-12%
    Audi8847374923211,3761,05830%
    Bentley44--440%
    BMW division1,7241,7586185342,3422,2922%
    Buick8332963522401,185536121%

    Canada light-vehicle sales by nameplate, Aug. & YTD

    Sample data:

     Aug.Aug.8 mos.8 mos.
     2010200920102009
    1 series (I)164213164213
    3 series (I)1,3471,2141,3471,214
    5 series (I)137126137126
    6 series (I)518518
    7 series (I)3613936139
    Z4 (D)----
    Z4 (I)35483548
    Total Z435483548
    BMW division car (D)----
    BMW division car (I)1,7241,7581,7241,758
    Total BMW division car1,7241,7581,7241,758

    Guide to Certified Pre-Owned Vehicle Programs

    This Guide to Certified Pre-Owned Vehicle Programs data is available within our Data Center as a PDF download.

    North America car and truck production – 09/06/2010

    Sample data:

     8/30-Aug.1/1-1/1-
     9/4/10est.9/4/109/5/09
    Ford Mustang1,4674,03456,77946,269
    Mazda Mazda6 sedan6532,18425,15513,372
    AUTOALLIANCE2,1206,21881,93459,641
    X5 (trk.)2,0979,40564,50649,949
    X6 (trk.)9114,12029,66428,769
    BMW MFG. CORP. (trk.)‡3,00813,52594,17078,718

    Customer and Dealer Incentives

    This Customer and Dealer Incentives data is available within our Data Center as a PDF download.

    Automotive News SAAR - 2010

    This Automotive News SAAR - 2010 data is available within our Data Center as a PDF download.

    Print Issue | Sept. 6, 2010
    MORE »

    Dealers see Fiat profits -- but when?

    12:01 am U.S. ET | Sept. 6
    Don Lee thinks he can make money with Fiat and Alfa Romeo at a vacant showroom next to his dealership. The big question: How long will it take? "I think there's a decent business case if you take the long view," says Lee, president of Lee... ... Read More »
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