As the top lieutenant to Renault SA CEO Carlos Ghosn, Carlos Tavares admits he's unlikely to succeed his boss, who's just 59. So he wants to run General Motors or Ford. instead. "We have a big leader and he is here to stay," said Tavares, who turns 55 today.
Suburban Collection, an auto dealership group in suburban Detroit, today said it has acquired the former Crestwood Dodge-Chrysler-Jeep-Ram in Garden City, Mich., a western suburb of Detroit. The price was undisclosed.
IHS increased its 2013 revenue forecast to account for its acquisition of RL Polk. IHS, a global information company with businesses that include defense industry publisher Jane's, energy research firm CERA and economics firm Global Insight, expects revenues in the range of $1.
Visteon agreed to sell its 50 percent stake in Chinese joint venture Yanfeng Visteon Automotive Trim Systems -- which produces interior components -- to its partner Huayu Automotive Systems for about $1.2 billion.
With auto sales running at their fastest pace since 2007, the car business is booming in the United States and states' economic-development officials know that now, more than ever, is the time to argue that their location, workforce and community support will make a good marriage with automakers or...
Visteon agreed to sell its 50 percent stake in Chinese joint venture Yanfeng Visteon Automotive Trim Systems and its direct interest in certain YFV affiliates to its partner Huayu Automotive Systems Co.(HASCO) for about $1.2 billion.
Daimler says its car-sharing program is already profitable in multiple cities and BMW expects its scheme to start making money this year. Both German automakers also predict that their mobility businesses will generate 1 billion euros each in annual revenues starting in 2020.
Faurecia helps improve the pedestrian protection in the new Renault Clio. The subcompact has Faurecia’s front end module, which has no protruding edges that can cause injuries to people in the event of a collision.