Hakan Samuelsson says Volvo's U.S. revival will take root next year with new cars, fresh ads, and more leasing under a new U.S. boss. The CEO says the automaker is also working to regain the trust of dealers, whose patience has been tested in recent years.
The captive finance companies have a lock on leasing. Eight of the top 10 leasing companies are captives, data from Experian Automotive show. The other two are Ally Financial Inc. and Chase Auto Finance, which offer leases for automaker partners.
Audi has slowly but steadily improved its U.S. market share since 2006, and Chairman Rupert Stadler sees an opportunity to continue to grow -- but not by piling on lease deals. "We are taking the necessary time to grow organically," he said.
Volkswagen brand vehicle sales are sliding in the United States, casting doubt on the brand's goal of selling 800,000 vehicles a year in the market by 2018. The target is key to VW Group's aim to overtake Toyota as the world's largest automaker.
Volkswagen Group of America has hired Vinay Shahani as vice president of marketing, bolstering the brand's executive team as it prepares for its most important American debut since the launch of the redesigned Passat in 2011.
The ongoing confrontation between the Consumer Financial Protection Bureau and automotive retailers and lenders is heating up, with two events in Washington this week and a disclosure from Ally Financial Inc. last week that illustrates the growing tension.
Nissan is finally bringing the Infiniti marque to Japan, a quarter century after its global debut in the United States. Well, sort of. Building Infiniti into a truly global brand -- with name recognition in its home market -- could benefit its image in North America and elsewhere.
Audi is sticking to its goal of selling 2 million vehicles annually by 2020, CEO Rupert Stadler says. The automaker plans to invest 11 billion euros between 2013 and 2015 in a bid to become the global No. 1 premium brand.
President Akio Toyoda says Toyota Motor Corp. is finally ready to go on the offensive again, after being hobbled in recent years by such crises as the global financial meltdown following the collapse of Lehman Brothers, unintended acceleration recalls and Japan's killer earthquake.
Hyundai Motor Group said on Monday its research and development president, Kwon Moon-sik, and two other executives resigned over a string of quality problems as the automaker tries to shore up reputation ahead of key model launches.
Automotive News Europe needs your help to find the Rising Stars in the European automotive industry. We define a Rising Star as an automotive executive with a pan-European profile who has driven change, fostered innovation and made courageous decisions.
Increases in off-lease, retired-rental and repossessed vehicles entering the market are dampening used-vehicles prices, auction company Manheim's chief economist said, and the trend will continue into 2014.
Mark Reuss shut down his Facebook account last week after a tart reply to a Web site that wrote dismissively about General Motors' shrinking U.S. market share. But GM's top executive for North America hasn't sworn off social media altogether.
For one month at least, Tesla's Model S was the top-selling car in Norway -- a brief moment of glory that received global attention. But the electric vehicle was knocked off its pedestal in October -- only to be replaced by another EV, the Nissan Leaf.