Executives

Tesla offers $1,000 referral incentive on Model S

4:09 pm U.S. ET | July 29, 2015

Tesla, testing the power of viral marketing to sell its EVs, will offer a word-of-mouth discount on the Model S through the end of October, with both referrer and buyer receiving $1,000.... Read More »

GM to invest $1 billion in India, plans to double market share by 2020

6:59 am U.S. ET | July 29, 2015

General Motors plans to invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said today.... Read More »

PSA says anti-French backlash weighs on Iran talks

July 29, 2015 12:20 CET

PSA's talks on a manufacturing venture with Iran's biggest carmaker are being undermined by anti-French sentiment in the country, CEO Carlos Tavares said. Iranians are hostile because France took a tough line in talks to lift international sanctions against Iran.... Read More »

Penske Automotive Q2 earnings rise 29.5%

9:06 am U.S. ET | July 29, 2015

Penske Automotive Group Inc. reported second-quarter net income rose 29.5 percent driven largely by a higher volume of vehicle sales and a solid performance in all business segments.... Read More »

Hyundai compact truck based on Santa Cruz concept set for approval

3:15 pm U.S. ET | July 28, 2015

Positive public reaction on the auto show circuit has reportedly helped persuade Hyundai to build the Santa Cruz truck.... Read More »

Nissan backs away from dealer ad attacking Trump for denouncing Mexican immigrants

9:00 pm U.S. ET | July 28, 2015

Nissan distanced itself from a controversial ad created by a California dealership that shows store managers whacking away at a Mexican piņata resembling Republican Party presidential candidate Donald Trump.... Read More »

GM plans $5B vehicle family for emerging markets

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

GM plans to spend $5 billion over the next several years to develop a new range of technology-rich small cars, based on a common architecture, that will be built and sold under the Chevrolet name in China, Brazil, India, Mexico and other emerging markets.... Read More »

RICHARD TRUETT

BLOG: GM's new powertrain boss, with bases covered, aims for high batting average

12:00 pm U.S. ET | July 28, 2015

Dan Nicholson is charged with ensuring GM Powertrain does its part to improve the fuel economy of the company's North American vehicles about 5 percent a year to reach the 2025 fleet average of 54.5 mpg target set by the U.S.... Read More »

Aston Martin looks at more than 10 sites for new factory

July 28, 2015 06:01 CET

Aston Martin is reviewing more than 10 sites in Europe, the U.S. and other global locations for a new factory to build its first crossover.... Read More »

J FERRON

Thinking outside the customers' box

12:01 am U.S. ET | July 27, 2015

Innovation drives the automotive industry. But what drives innovation? I get that question all the time in the Automotive News PACE Awards Program, now in its 22nd year, where independent judges study companies that commercialize innovative products and processes. How companies innovate is only the starting point. More important is understanding why they risk capital and resources.... Read More »

TrueCar works on relationships

12:01 am U.S. ET | July 27, 2015

TrueCar's dealer relations ranks are getting a tune-up this summer, with a longtime industry insider leaving and two new execs joining the company. Separately, the company said problems converting enough shoppers into buyers hurt its second-quarter results.... Read More »

Dodge cancels unfilled '15 Hellcat orders, doubles '16 output

12:01 am U.S. ET | July 27, 2015

Dodge will more than double Hellcat Charger and Challenger production for 2016. But about 900 unfilled 2015 orders will be canceled.... Read More »

Sonic President Scott Smith named CEO

12:10 pm U.S. ET | July 27, 2015

Sonic Automotive is shuffling some executive positions, naming its co-founder Scott Smith to the post of CEO, effective immediately, the company said in a statement today.... Read More »

Honda's Accavitti leaves top post at Acura

5:45 pm U.S. ET | July 27, 2015

Mike Accavitti, vice president and general manager of Acura, has abruptly left the company and has been replaced by Jon Ikeda, American Honda Motor said. Ikeda was formerly division director of auto design at Honda's R&D Americas division and has been with Honda since 1989.... Read More »

FCA pact gives broad powers to NHTSA monitor

12:40 pm U.S. ET | July 27, 2015

The National Highway Traffic Safety Administration's consent agreement with Fiat Chrysler Automobiles grants sweeping powers to an independent monitor tasked with overseeing the company's safety operations, deepening the federal government's role in direct oversight over individual automakers.... Read More »

Why Hall-of-Famer Penske did not succeed Iacocca

12:01 am U.S. ET | July 27, 2015

Roger Penske, who was inducted into the Automotive Hall of Fame last week, nearly replaced Lee Iacocca as chairman of Chrysler Corp. in 1991. But it became clear to Penske that Iacocca did not plan to retire anytime soon. Iacocca has his own version of the story.... Read More »

GM fund approves 3 more serious-injury claims

10:43 am U.S. ET | July 27, 2015

Three more serious injuries have been linked to General Motors defective ignition switches, the office of attorney Kenneth Feinberg said.... Read More »

U.S. automakers leery of Pacific trade deal as talks near end

6:54 am U.S. ET | July 27, 2015

U.S. automakers typically back trade agreements that open markets for their products, yet they aren't cheering for a pact among 12 Pacific nations that's entering its final negotiations.... Read More »

Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET

Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia.... Read More »

Daimler will test self-driving trucks this year, report says

July 27, 2015 11:23 CET

Daimler is planning to test self-driving trucks as early as this year, Wolfgang Bernhard, chief of the automaker's trucks business, told a German newspaper.... Read More »

Valeo raises profit forecast, shrugs off China slowdown

July 27, 2015 10:54 CET

Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies.... Read More »

GM profit weathers China slowdown

12:01 am U.S. ET | July 27, 2015

General Motors' second-quarter results offered a sigh of relief - at least temporarily - to investors and other market watchers worried about slowing growth in China.... Read More »

The Big 3

12:01 am U.S. ET | July 27, 2015

Auto industry titan and racing mogul Roger Penske, right, was inducted into the Automotive Hall of Fame last week, along with longtime Ferrari boss Luca di Montezemolo, left, and Ratan Tata, chairman emeritus of India's Tata Sons Ltd.... Read More »

Mercedes revamps supply chain to trim costs

12:01 am U.S. ET | July 27, 2015

Mercedes-Benz aims to reduce its logistics costs by about 20 percent per vehicle as the company invests hundreds of millions of euros in a global reorganization of its supply chain network. The automaker has increased production outside of its German home over the past decade but many of the components used in its cars are still sourced from Europe.... Read More »

Fiat Chrysler hit with record $105 million U.S. penalty over recalls

4:30 am U.S. ET | July 26, 2015

Fiat Chrysler agreed to pay a $70 million fine, accept three years of additional oversight by an independent monitor and buy back more than 500,000 vehicles as part of a sweeping consent agreement to settle a U.S. government probe into 23 recalls since 2009. The overall potential civil penalty of $105 million marks the largest imposed by NHTSA.... Read More »

Automotive News Cover
News by Brand