Jeff Lupient began overhauling his family's automotive group when he took over as interim general manager at a money-losing Infiniti store near Minneapolis in 2007. To trim costs, Lupient started running the 'bloated' dealership like a boutique.
A major warehouse supplying parts to a Nissan-Renault alliance plant in India was almost destroyed by fire early today, a Nissan spokeswoman said, possibly affecting production at the plant that makes 400,000 vehicles a year.
Executive Chairman Bill Ford asked for patience from Ford Motor investors who pressed him about the company's languishing stock price at the automaker's annual meeting here today. Despite 15 straight profitable quarters, Ford's share price has lagged the S&P 500's gains for about two years.
There was hand-wringing, even some flat out panic, when General Motors unwrapped its next-generation Chevrolet Silverado in December. Many dealers, enthusiasts and writers questioned whether the pickup's design went far enough.
Score one for the tortoise. Subaru's plan to invest $400 million to expand its Indiana auto factory is evidence that a long-term business outlook and a steady commitment to growth are worth more than neon headlines and Wall Street drooling.
Having reshaped a big piece of the world's economy around its Windows software, Microsoft now wants to do the same thing in the car business. What the Seattle giant sees there says as much about the future of cars as it does about itself.
Kia Europe President Brandon Yea believes the brand will continue its growth in the region this year despite tough economic conditions. Kia is sticking to its target of boosting annual sales to 420,000 by 2016 in the EU and EFTA markets from 338,000 last year. The brand's vehicle sales were up 3.