Visteon will decide its strategy for each of its units by the end of 2013 and provide investors “clarity,” the company's permanent CEO Tim Leuliette says. Leuliette ascended to CEO after serving as interim chief following the ouster of Don Stebbins on Aug. 10.
The convertible version of the Volkswagen Beetle gets a debut at the Los Angeles auto show in late November, shortly before the car goes on sale. The launch of the 2013 VW Beetle convertible trails the arrival of the redesigned Beetle coupe by about a year.
The CEO of a Virginia dealership group has apologized for the arrest of a customer in June after one of his dealerships mistakenly undercharged the customer for a vehicle, then told local police he stole the vehicle when he resisted the dealership’s efforts to get him to pay the difference.
The Dodge Dart, the model Chrysler is betting on becoming a top-selling small car, was among four new vehicles on the United States market to receive a top crash-test rating by an influential safety group on Wednesday.
Ford, introducing its first hybrid-only model, is targeting Toyota's market- leading Prius in a series of advertisements starting today. The C-Max wagon, a vehicle Ford brought from Europe and equipped with a gasoline-electric propulsion system, arrived in showrooms last month.
Supplier Visteon announced the resignation of Executive Vice President and CFO Martin Welch. Welch will be replaced on an interim basis by Michael Widgren, who has served as Visteon's vice president, corporate controller and chief accounting officer since May 2007.