Executives

Leases to get more expensive, ALG says

12:01 am U.S. ET | March 28, 2015

Low-cost monthly auto leases will become more expensive over the next couple of years, predicts ALG President Larry Dominique. That's because the supply of used light vehicles -- especially those 3 to 5 years old -- returning to the market will rise significantly, lowering used-vehicle prices and residual values to prerecession levels.... Read More »

Valeo's self-driving systems learn from military drones

12:01 am U.S. ET | March 28, 2015

Valeo plans to draw on drone software and other military technologies from partner Safran to offer self-driving vehicle platforms to carmakers by the end of the decade.The French supplier said the first applications may reach automaker customers within three years.... Read More »

Cadillac CT6 to pack 34-speaker Bose sound system

3:20 pm U.S. ET | March 27, 2015

Cadillac's new flagship sedan will come with a new sound system that will leave nothing uncovered inside the cabin.... Read More »

Tesla presses Japanese battery suppliers to innovate, take risks

12:19 pm U.S. ET | March 27, 2015

A Tesla executive courted partners in Japan for its so-called gigafactory, praising local companies for top-notch quality and technology while cautioning against slow decision-making and risk aversion.... Read More »

Valeo's self-driving systems learn from military drones

March 27, 2015 17:55 CET

Valeo plans to draw on drone software and other military technologies from partner Safran to offer self-driving vehicle platforms to carmakers by the end of the decade.The French supplier said the first applications may reach automaker customers within three years.... Read More »

GM board member Erroll Davis to retire

11:17 am U.S. ET | March 27, 2015

Erroll Davis, a member of General Motors boards before and since the automaker's 2009 bankruptcy, will retire in June.... Read More »

Ford's Mulally made $22 million in 2014; Fields' pay rises 83%

11:45 am U.S. ET | March 27, 2015

Alan Mulally, who retired as Ford CEO in mid-2014, received compensation worth $22 million last year, the company said today in a regulatory filing. His successor, Mark Fields, earned $18.6 million.... Read More »

PSA picks France factory over Spain for engine production expansion

March 27, 2015 09:47 CET

PSA said it has chosen a French factory over a rival Spanish plant to expand engine production. PSA will upgrade its Tremery site to produce the turbocharged version of a three-cylinder engine already manufactured there. The plant beat out PSA's factory in Vigo, Spain, for the additional 200,000 engines a year.... Read More »

Jaguar Land Rover names new global engineering chief

March 27, 2015 17:11 CET

Jaguar Land Rover named company veteran Nick Rogers as its new engineering director to succeed Wolfgang Ziebart. Rogers will assume board-level responsibilities for the UK automaker's global engineering operations, reporting directly to CEO Ralf Speth, JLR said.... Read More »

Ghosn's pay increase criticized by Renault union

March 27, 2015 09:23 CET

Renault's biggest trade union, the CGT, criticized the automaker's proposal to more than double CEO Carlos Ghosn's 2014 pay package to 7.22 million euros ($7.85 million). Renault, which is cutting 7,200 jobs in France, says Ghosn's higher earnings are tied to the company's profit increase.... Read More »

YANG JIAN

BLOG: With Volvo's help, Geely goes upscale

4:31 am U.S. ET | March 27, 2015

Zhejiang Geely Holding Group launched sales last week of its new flagship car, the GC9 midsize sedan, which is the first product developed by the Chinese automaker with the support of Volvo.... Read More »

Dodge monkeys around with CGI in new ads

4:06 pm U.S. ET | March 26, 2015

Enforcing Dodge Law is serious business. So the brand turned to muscle car enthusiast Richard Rawlings of Discovery Channel's “Fast N' Loud” to restore order in an ad campaign that launched this month. But even with Rawlings' expertise in resurrecting vintage rides at his Gas Monkey Garage in Dallas, he needed a partner with a little attitude.... Read More »

Aston Martin claims Henrik Fisker's Thunderbolt is unauthorized copy

8:59 pm U.S. ET | March 26, 2015

Aston Martin said Henrik Fisker’s “Thunderbolt” prototype for a $400,000 GT coupe is an unauthorized copy of its iconic sports cars featured in James Bond movies for 50 years.... Read More »

Barra advises women to accept challenging work assignments

2:04 pm U.S. ET | March 26, 2015

General Motors CEO Mary Barra encouraged women to take on new challenges from studying science and math to accepting jobs that are outside of their area of expertise.... Read More »

UAW to press for 'pattern' labor deals in Detroit 3 talks, Williams says

5:51 pm U.S. ET | March 25, 2015

UAW President Dennis Williams says the UAW will try to negotiate labor contracts with the Detroit 3 later this year that are identical -- a goal made difficult because each automaker has different labor costs largely as a result of a lower-cost, entry-level pay scale.... Read More »

'We've got too many damn tiers,' UAW head tells cheering delegates

10:50 am U.S. ET | March 25, 2015

In a fiery address to hundreds of UAW delegates, union President Dennis Williams said auto workers sacrificed during the recession and now must get that compensation back.... Read More »

Former GM Europe chief Forster will lead UK taxi builder

March 25, 2015 06:01 CET

Auto industry veteran Carl-Peter Forster, who once headed GM Europe and Tata Motors, is new board chairman at London Taxi Company, which builds the UK's iconic black cabs.... Read More »

Renault seeks fresh start with single model to replace Laguna and Latitude midsize cars

March 25, 2015 11:33 CET

Renault will replace its slow-selling Laguna and Latitude midsize cars in Europe later this year with a single model in a bid to get a fresh start against rivals such as the Volkswagen Passat and Peugeot 508.... Read More »

Volvo's young captive explores new territory

12:01 am U.S. ET | March 25, 2015

Volvo Car Financial Services U.S. is a young captive finance company, in business only since late 2012. But its leadership is seasoned.... Read More »

Volvo appoints Europe boss as part of global reorganization

March 24, 2015 11:43 CET

Volvo named Anders Gustafsson as head of Europe, Middle East and Africa, one of three global business regions that also include new divisions for the Americas and Asia.... Read More »

UAW president anticipates united front against pay 'inequality'

8:49 am U.S. ET | March 24, 2015

UAW President Dennis Williams said today he expects members to emerge from this week's bargaining convention with a unified voice after a full airing of worker concerns about “inequity” in pay and benefits that are a product of a two-tier system.... Read More »

Remote updates speed Tesla's Autopilot push

12:01 am U.S. ET | March 23, 2015

Tesla doesn't have the r&d budget of rivals such as Audi, BMW and Mercedes-Benz. But the Palo Alto, Calif., startup sees its ability to send over-the-air software updates as a crucial edge in the race to self-driving cars because it can quickly roll out technology to vehicles that have already been sold.... Read More »

PSA may hit operating margin target earlier than planned, CFO says

March 23, 2015 13:15 CET

PSA could reach its main recovery target of achieving a 2 percent operating margin before a 2018 goal, finance chief Jean-Baptiste de Chatillon said. The carmaker's shares today rejoined the benchmark CAC-40 index after a two-and-a-half-year absence.... Read More »

After a career with dealers, FCA's Grady will relax

12:01 am U.S. ET | March 23, 2015

Peter Grady has a list of things to do when he retires at the end of the month as Fiat Chrysler head of network development. But not on the list: working for another automaker.... Read More »

Giant Miller group reshuffles for the buy-sell bonanza

12:01 am U.S. ET | March 23, 2015

A drastic restructuring at the nation's fourth largest private dealership group is the latest sign of changing times in the auto retail business. Eager to expand, the giant Larry H. Miller Group of Cos. last week positioned itself for a new era in which private equity and other nontraditional buyers are coming on fast.... Read More »

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