Automakers & Suppliers
 

Ford, Chrysler to reduce summer shutdowns at most N.A. plants

12:01 am U.S. ET | May 22, 2013
Ford Motor and Chrysler Group said today they are scaling back annual summer production shutdowns this year in hopes of boosting output of key models in North America. General Motors declined to disclose specific summer plans.... Read More »
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Tesla's loan payback would give Obama a green-energy win

10:48 am U.S. ET | May 22, 2013
Tesla Motors is giving President Barack Obama’s green-energy strategy its biggest win after almost two years of failures pounced upon by Republicans. The California automaker as early as today will become the first recipient of a federal Energy Department vehicle loan to pay off its debt.... Read More »
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Michael Stanton, longtime D.C. advocate for automakers, to retire in 2014

11:50 am U.S. ET | May 22, 2013
Michael Stanton, a longtime lobbyist and a driving force for automakers in public policy, said Tuesday that he will retire as president and CEO of the Association of Global Automakers in early 2014.... Read More »
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GM moving treasury office to Detroit headquarters from New York

9:35 am U.S. ET | May 22, 2013
GM said it will move its treasury office to its Detroit headquarters from New York in mid-2014, affecting about 70 employees.... Read More »
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Ford to maintain Canadian factory footprint despite high labor costs

12:49 pm U.S. ET | May 21, 2013
Ford is confident it can preserve its manufacturing profile in Canada despite uncompetitive operating costs tied to the high Canadian dollar, the company's top executive in the country said today.... Read More »
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Lutz's VL Automotive, Chinese supplier bid for Fisker, report says

2:02 pm U.S. ET | May 21, 2013
A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters today.... Read More »
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Two Denso executives to plead guilty to price fixing, U.S. says

10:54 am U.S. ET | May 21, 2013
Two executives at Toyota-affiliated supplier Denso have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the federal Justice Department said today.... Read More »
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Subaru Forester tops Honda CR-V in small SUV review

9:38 am U.S. ET | May 21, 2013
The Subaru Forester small SUV beat the Honda CR-V and other rivals in testing by Consumer Reports, which ranked the model as its top pick in that segment.... Read More »
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Marchionne apologizes for 'wop engine' comment

11:44 am U.S. ET | May 21, 2013
Chrysler-Fiat CEO Sergio Marchionne has issued a written apology to an Italian-American anti-bias organization for saying at the Detroit auto show that an Alfa Romeo needed a "wop" engine.... Read More »
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Former Saab CEO Jonsson, two other execs arrested on tax charges

7:04 am U.S. ET | May 21, 2013
Three former Saab executives, including former CEO Jan-Aake Jonsson and Chief Financial Officer Karl-Gustav Lindstroem, were arrested by Swedish prosecutors in an accounting-fraud probe.... Read More »
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TALK FROM THE TOP: JIM LENTZ, CEO, NORTH AMERICA REGION, TOYOTA MOTOR CORP.

Toyota streamlines decision-making for North America

12:01 am U.S. ET | May 20, 2013
Toyota President Akio Toyoda restructured the company's management this year to give more authority and autonomy to local regions. Nowhere was this more evident than in North America, where Jim Lentz, CEO of Toyota Motor Sales, was placed in charge of all Toyota sales and manufacturing for the region.... Read More »
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FINAL ASSEMBLY

Again, Tokyo show a no-go for Detroit 3

12:01 am U.S. ET | May 20, 2013
The Detroit 3 will sit out the Tokyo Motor Show, no-shows for the third straight time.... Read More »
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Ex-battery maker B456 wins court approval for bankruptcy plan

3:19 pm U.S. ET | May 20, 2013
B456 Systems, the bankrupt electric-car battery maker formerly called A123 Systems, won court approval of a plan to exit bankruptcy that pays creditors from the proceeds of selling virtually all its assets.... Read More »
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REUTERS NEWS ANALYSIS

The road to a greener America is littered with roadkill

11:43 am U.S. ET | May 20, 2013
Apart from the recent success of Tesla Motors, the electric vehicle sector has been one of the biggest duds in clean tech. It's all part of green energy's mid-life crisis.... Read More »
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NEEDED: 'THICK SKIN'

GM designer knows crucial launches produce a love-hate response

12:01 am U.S. ET | May 20, 2013
Chevrolet designer Tom Peters describes the blocky, chiseled front end of the 2014 Silverado pickup as a "fist in the wind." The metaphor also could describe the resolve Peters needs to weather his critics as the lead designer for two of the most closely scrutinized vehicles on the planet: the Silverado and Corvette.... Read More »
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TALK FROM THE TOP: MARK REUSS, NORTH AMERICAN PRESIDENT, GENERAL MOTORS

GM seeks clean launch, regular updates for pickups

12:01 am U.S. ET | May 20, 2013
Mark Reuss, president of General Motors North America, says GM is staying vigilant on the June launch of the Chevrolet Silverado and GMC Sierra full-sized pickups, its most important rollout since the company's 2009 bankruptcy. He says GM is closely monitoring suppliers to avoid bottlenecks that could delay the launch or hurt quality.... Read More »
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Chrysler quality chief: Little difference now with Toyota

12:01 am U.S. ET | May 20, 2013
The quality gap between Chrysler Group's vehicles and those of Japanese automakers has become so small that it no longer should matter to consumers, Chrysler's quality chief says.... Read More »
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CFO says GM streamlining is 'on its way'

12:01 am U.S. ET | May 20, 2013
As a banking adviser to General Motors when he was at Morgan Stanley, Dan Ammann got an upfront view of GM's spiral into bankruptcy in 2009 and subsequent restructuring. Now, more than two years into his job as CFO, Ammann acknowledges that he had only a faint idea at the time of how complex GM is.... Read More »
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Magna opens body, chassis plant in China's Chongqing

3:36 am U.S. ET | May 20, 2013
Magna's Cosma unit has opened a plant in southwest China to supply body and chassis parts to automakers in the area including Ford and Volkswagen.... Read More »
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CARS & CONCEPTS

U.S. tweaks boost Leaf's mpg score

12:01 am U.S. ET | May 20, 2013
U.S. production of Nissan's Leaf electric vehicle has resulted in improved EPA fuel economy numbers for the car. The production move from Japan to Nissan's plant in Smyrna, Tenn., this year gave the automaker a chance to make a small number of midcycle engineering changes.... Read More »
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