Chery Automobile is counting on ex-Porsche designer Hakan Saracoglu to improve the Chinese carmaker's styling. Saracoglu, who has also worked at Ford of Europe, is leading a team of 30 at Chery's Shanghai-based design center to come up with new concepts for models from sedans to SUVs.
Ford today unveiled the European version of its EcoSport subcompact SUV, a model the automaker hopes will help counter the company's falling sales in the region. The EcoSport will go on sale in Europe at the end of the year.
JPMorgan Chase & Company named Thasunda Brown Duckett CEO of Chase Auto Finance, one of the nation's largest auto lenders. Marc Sheinbaum, 55, had been CEO of Chase Auto Finance since 2007. He is leaving the company after asking to pursue other opportunities, the bank said.
GM named Volkswagen of America executive Tim Mahoney to the newly created post of global chief marketing officer for Chevrolet. Mahoney also will carry the title of global GM marketing operations leader, reporting to Alan Batey, vice president of U.S.
Alfa Romeo today revealed the interior of the new 4C sports car, before its official Geneva motor show debut. The small sports car is expected to weigh in at less than 2,200 pounds, and deliver 240 hp from a turbocharged, direct-injected four-cylinder engine.
GM named Volkswagen of America executive Tim Mahoney to the newly created post of global chief marketing officer for Chevrolet. Mahoney also will carry the title of global GM marketing operations leader.
Volkswagen CFO Hans Dieter Poetsch predicted the first quarter would be worse than a year earlier, adding to a forecast last week that VW's 2013 operating profit probably wouldn't increase as Europe's auto market shrinks.
Daimler does not expect China's sovereign wealth fund to take a 10 percent stake in the automaker, thereby giving the automaker another anchor shareholder besides Kuwait. Chief Financial Officer Bodo Uebber told a German newspaper today that Chinese investment in the company is unlikely.
European automakers are reeling from a slump in sales, but the focus at the Geneva auto show next week will be on the kinds of cars that have largely escaped the region's downturn -- super-expensive ones.
Mercedes-Benz and BMW have been trading insults since BMW sprinted ahead of Mercedes in December to snatch the 2012 luxury-sales crown in the U.S. The late burst by BMW ratcheted up as Mercedes laid claim to being the true winner based on newly released vehicle registration data.
To attract Web-savvy customers, General Motors is experimenting with easy-to-use online shopping. Consumers can cut time at dealerships, for instance, by filling out credit applications online and getting preliminary values on trade-ins.
For more than two years, dealers have been bracing for possible actions by the Consumer Financial Protection Bureau, formed after the financial crisis of 2008. Now the federal agency has taken its first auto-related action.
Volkswagen Group, bent on becoming the world's largest automaker, has amassed an expansive collection of brands to help put that goal within reach. Chrysler Group keeps adding logos to its dealers' showrooms.
A Texas jury has awarded $136 million to a Mercedes dealer who alleged that Mercedes-Benz USA tricked him into believing he could move a store he spent $7 million to acquire to a more affluent community.
The Federal Communications Commission sent a clear warning to the auto industry last week: Show progress on "connected car" technology or risk losing exclusive access to a coveted section of the wireless spectrum.
Mastering social media is getting tougher for auto companies and dealers because of shifting consumer expectations. Consumers increasingly want their service questions answered via Facebook, Twitter, Google+ and fan sites, a new study by J.D. Power and Associates says.
A major weapon in Mercedes-Benz's ambitious 2013 product-launch schedule is an array of safety and convenience technology called Intelligent Drive, which harnesses all the sensors and controls in a Mercedes vehicle.
Automakers on both sides of the Atlantic are enthusiastically backing trade talks between the United States and Europe that President Barack Obama announced during his State of the Union address. But a host of obstacles stand in the way of a trade deal.
By bringing production of its 2.0-liter, four-cylinder EcoBoost engine to a Cleveland plant in late 2014, Ford Motor Co. is setting the stage for using the engine brand through nearly its entire lineup.
For some reason that only oil tycoons understand, gasoline prices are heading for the roof , and many people are predicting $5-a-gallon gasoline by summer. Great timing for the Detroit 3, which are all launching or about to launch new trucks Keith Crain is editor-in-chief of Automotive News.
Few pieces of legislation in recent years have triggered as bitter a debate as the federal Affordable Care Act, the national health care plan. Realistically, auto dealers who hoped for repeal need to develop a plan to deal with Obamacare when major portions of the law go into effect Jan. 1.