Abraham S. Venable, who oversaw General Motors' outreach to black-owned businesses during the 1970s and 1980s after what he called a frustrating attempt to get government to help them, has died. He was 82.
Ford Motor Co. plans to reduce the amount of waste sent to landfills for each vehicle that it builds by 41 percent as part of a five-year plan through 2016. Ford plans to reduce waste generated per vehicle globally to 13.4 pounds per vehicle, from 22.7 pounds in 2011, the company said today.
Group 1 Automotive acquired four Ford dealerships in the United Kingdom that the Houston-based dealership group expects to generate approximately $177 million in annual revenues. The dealerships are being acquired from Inchcape Retail Ltd.
In July, Honda Motor Co. is planning to do something it hasn't done for almost 50 years: open a car factory in Japan. The new factory, with an annual capacity of 250,000 vehicles, is opening just as a weaker yen is making Japanese manufacturers such as Honda more profitable.
Workers from Nissan's auto plant in Smyrna, Tenn., met this week with UAW representatives to discuss another organizing effort at the Japanese automaker's first U.S. factory. The UAW is now active in trying to organize workers at two Nissan plants.
Teen driving deaths in the United States increased in the first six months of last year, further eroding a decade-long reduction, possibly as a result of more accidents caused by texting and talking behind the wheel, state highway officials said.
JPMorgan Chase & Co. 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. He will stay through March.
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.