General Motors aims to cut the weight of its North American vehicles by as much as 15 percent by the 2016 model year, compared with GM's current fleet, CEO Dan Akerson said today. GM estimates that a 10 percent reduction in curb weight cuts fuel consumption by about 6.5 percent.
The rivalry between GM's Opel and Chevrolet brands in Europe risks damaging both automakers. While Chevrolet is GM's largest and most important brand worldwide, selling roughly 5 million cars last year alone, it is outsold five-to-one by Opel on its home turf in the EU.
General Motors plans to hire 1,000 information technology employees for a new office in Chandler, Ariz., as part of its effort to bring such work back into the company instead of using outside contractors.
Is Jeep planning a nose job for the 2014 Cherokee, even before its official unveiling this month in New York? A mule spotted last week by an Automotive News reporter in Los Angeles shows that they're at least testing the idea.
Do you feel you get enough in-house training? I posted that question on a Facebook page catering to F&I managers and trainers last week and got about a dozen replies. Responses were mixed, but the overall sentiment was no Jamie LaReau covers auto dealers for Automotive News
Is Japan poised to open its market to more imports? Japan's automakers are desperate for their country to enter a free-trade deal with the United States. But U.S. automakers oppose Japan's entry, saying Japan's market is closed.
Identity theft and bank fraud are a real minefield for dealerships, according to dealership consultant Gil Van Over. In a recent presentation aimed at lenders, he showed how dealerships face threats from many directions.
It seems likely that the Consumer Financial Protection Board will get lenders to reduce the allowable finance reserve further or move to a flat fee, which many lenders have done. Such a change affects dealership profits.
Automakers joined growing opposition to Europe's austerity measures. Renault CEO Carlos Ghosn urged government spending to revive the region's anemic sales, which he forecast won't recover for another three years.
For several years at major auto shows, Renault-Nissan CEO Carlos Ghosn has invited media to freewheeling Q&A sessions. Ghosn continued the tradition here today in an unscripted, open-ended session with about 75 international journalists.
So where's the new austere, euro-pinching European auto industry, the one that's struggling to cut capacity and bring wages to a competitive level? No where to be seen, at least at the luxo-elite displays here in Geneva.
Toyota appointed former General Motors executive Mark Hogan to its board, installing the first foreigner since 2007 and the first outside director ever in an attempt to breathe fresh perspective into the mammoth Japanese carmaker.
Fiat- Chrysler CEO Sergio Marchionne said he is in talks with banks about financing a merger of the two automakers. The deal would involve purchasing the 41.5 percent of Chrysler that Fiat doesn't own.
Do you feel you get enough in-house training? I posted that question on a Facebook page catering to F&I managers and trainers last week and got about a dozen replies. Responses were mixed, but the overall sentiment was no.