After nearly six months on the job, Mazda CEO Masamichi Kogai is looking to achieve record U.S. sales in the next two years. The 59-year-old is asking U.S. dealers to take up the challenge of hitting 400,000 sales by fiscal year 2016, topping the automaker's 1986 peak.
Kia Motors Finance was the top auto lender among mass-market brands and Lincoln Automotive Financial Services the top lender among luxury brands in JD Power's 2013 U.S. Consumer Financing Satisfaction Study released today.
Lithia Motors Inc. is focusing on people, property and pro-cesses in its bid to sell an average of 75 used vehicles per store each month. In the third quarter, Lithia sold an average of 57 used vehicles per store per month, up from 52 a year earlier.
To make the point that it has global aspirations for the Mustang, Ford announced last week that the redesigned version marking the car's 50th anniversary will be introduced Dec. 5 in six cities around the globe: New York, Dearborn, Los Angeles, Barcelona, Shanghai and Sydney.
The planned stock market listing of Fiat's U.S. unit, Chrysler, will not take place this year, the Italian carmaker said today, prolonging the uncertainty over its chances of buying out the rest of the company.
General Motors investors are focused on the possibility of stock buybacks or a dividend on common shares now that the Treasury has outlined its plans to sell the rest of its GM stake by year end, analysts said.
The planned stock market listing of Fiat's U.S. unit, Chrysler, will not take place this year, the Italian carmaker said Monday, prolonging the uncertainty over its chances of buying out the rest of the company.
PSA's board has approved hiring former Renault Chief Operating Officer Carlos Tavares to replace Philippe Varin as CEO, people familiar with the matter said. Varin, 61, plans to step down next year as and wants Tavares, 55, to initially serve as his No. 2, said the people.
PSA CEO Philippe Varin plans to step down next year and hire former Renault COO Carlos Tavares as his replacement, people familiar with the matter said. Varin wants Tavares to initially serve as his No.
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Inside the futuristic-looking building next to Patsy Lou Chevrolet, the walls are a vibrant teal, industrial-style lights dangle from the high ceiling and offices have no desks, only flat-panel TVs and high-top tables.
Nissan Motor Co. channeled its Le Mans racing know-how into a three-seat concept car fit for city streets. Like its racing brethren, the BladeGlider gets widely spaced rear wheels, a rear-slung cockpit, a long pointy nose and a set of front wheels so narrowly tracked that they almost look like one.
After five trying years, the Japanese are looking like a juggernaut again in the United States. All but Mitsubishi are predicting record U.S. sales -- if not this year or next, then within two years. And the optimism appears well-founded.
Jose Munoz, Nissan's new head of North American operations, and Mark LaNeve, COO of the advertising agency Global Team Ford, will take part in a roundtable discussion on marketing at the Automotive News World Congress in January in Detroit.
The Lexus RC coupe unveiled last week at the Tokyo Motor Show offers two drivetrain choices: souped-up at 314 hp or lean and green at 217 hp. The car goes on sale next year, but Lexus did not say when. The nameplate is new.
General Motors North America President Mark Reuss said he would like to add a pocket-rocket version of the Sonic to Chevrolet's lineup. "Yeah, I'd love to do that," he said on the sidelines of the auto show here last week. "We've got the ride-and-handling vehicle dynamics for it."
The Jaguar F-Type coupe, unveiled last week at the Los Angeles Auto Show, goes on sale in the United States in the spring. The coupe, top, starts at $65,895, including shipping. The top-of-the-line R version, above, is priced at $99,895, including shipping, and will get a 5.
When you decide to get involved in the automobile industry, you quickly discover that there are more touch points with government, both state and federal, than probably in any other industry in the world.