People

Ex-Fiat exec Soave named to marketing post at Federal-Mogul Motorparts

2:22 pm U.S. ET | Oct. 16, 2014
Laura Soave, the ex-Fiat brand chief in the United States who left after the flawed launch of the Fiat 500, has been named chief marketing and communication officer of Federal-Mogul Motorparts.... Read More »

 

Hyundai Motor to use cash to fund $10 billion land deal

7:17 am U.S. ET | Oct. 16, 2014
Hyundai Motor and its two affiliates will use cash to fund their 10.6 trillion won ($10 billion) purchase for a land site in Seoul, raising concern the companies will reduce shareholder payouts.... Read More »

 

Toyota tests car-sharing in French city

Oct. 16, 2014 10:08 CET
Toyota has launched its first car-sharing service outside Japan in the French city of Grenobles. Consumers can hire EVs using a smart phone app in a scheme that may be expanded to other cities after a three-year trial.... Read More »

 

2014 L.A. AUTO SHOW

Audi concept to usher in new styling era

2:08 pm U.S. ET | Oct. 15, 2014
Audi will introduce a new design direction with a concept car debuting next month at the Los Angeles Auto Show. The concept will be the first Audi vehicle styled under Marc Lichte, who took over as head of Audi design in February after leading exterior design at Volkswagen.... Read More »

 

Jay Leno signs deal to host new car series for CNBC

11:25 am U.S. ET | Oct. 15, 2014
Comedian Jay Leno, who was the host of NBC's "Tonight Show" for more than 20 years, will return to television next year to host a new series about cars, the cable network CNBC said today.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Roof suppliers hit hard by lower demand for convertibles

Oct. 15, 2014 06:01 CET
Once valued as a highly profitable vehicle niche, buyers have turned away from convertibles, hurting the business of roof systems suppliers such as Webasto, Magna CTS and Valmet.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Webasto sees consolidation looming for roof makers

Oct. 15, 2014 06:01 CET
Holger Engelmann, the CEO of German roof specialist Webasto, believes a drop in demand for convertible cars will lead to consolidation in the sector, but he sees potential growth opportunities in China.... Read More »

 

Colorado Ford, Subaru dealer Carlson in line to become '16 NADA chairman

4:03 pm U.S. ET | Oct. 14, 2014
The National Automobile Dealers Association chose Colorado dealer Jeff Carlson as its next vice chairman, putting him in line to become chairman after Bill Fox of New York, who -- as expected -- will be NADA's 2015 chairman.... Read More »

 

Chrysler's Busse has a surprise for you

12:01 am U.S. ET | Oct. 14, 2014
Klaus Busse, Chrysler Group's head of interior design, and his team enjoy hiding what they call "Easter eggs" throughout Chrysler Group vehicles for owners to discover. Easter eggs are fun, unobtrusive art elements that feature landmarks or historical images related to the vehicle.... Read More »

 

Q&A

BMW chief designer Karim Habib on creating a boxier 2-series convertible

12:01 am U.S. ET | Oct. 14, 2014
Karim Habib, BMW Group's head of design, is the one responsible for creating the 2-series convertible the automaker introduced recently at the Paris auto show. The 44-year-old Lebanese-Canadian held various posts in interior and exterior design at BMW before getting his current title.... Read More »

 

LaSorda's VC firm adds Zetsche, Magna to 2nd investment fund

10:33 am U.S. ET | Oct. 14, 2014
Tom LaSorda, the former CEO of Chrysler and Fisker, says his venture-capital firm has begun making investments out of its second fund, which he said raised almost $10 million and has added Daimler Chairman Dieter Zetsche and Magna International to its list of investors.... Read More »

 

Fiat Chrysler's Wall Street debut draws muted response

Oct. 14, 2014 09:32 CET
Investors cautiously greeted the Wall Street debut on Monday of Fiat Chrysler Automobiles, a move that shifts the carmaker's center of gravity away from Italy and caps a decade of dealmaking and tough restructuring by CEO Sergio Marchionne.... Read More »

 

Ghosn finds Datsun a tough sell -- even at $5,000

6:48 am U.S. ET | Oct. 14, 2014
In July last year, as Nissan prepared to bring Datsun out of a decades-long retirement, the company scoffed at the idea that the budget brand could follow Tata's $2,500 Nano in becoming a flop.... Read More »

 

Citroen mulls production of SUV-styled C1

Oct. 14, 2014 10:36 CET
Citroen will launch a production version of the C1 Urban Ride concept if public response is favorable, the brand's CEO Linda Jackson said. The SUV-styled concept is based on the brand's C1 minicar.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Renault design boss aims to 'seduce' buyers with French flair

Oct. 14, 2014 06:01 CET
Renault design boss Laurens van den Acker wants the brand's cars to "seduce" customers with their French styling. The styling chief explained his strategy in an interview with Automotive News Europe.... Read More »

 

Ford goes Hollywood at virtual reality studio

12:01 am U.S. ET | Oct. 14, 2014
Studio 2000X, Ford's virtual reality design house where Disney-style technology meets the car industry, is used to build advanced renderings of vehicle designs to show top management, often before final design approval. The renderings are often shown on 20-foot screens.... Read More »

 

How to navigate the incentives maze

12:01 am U.S. ET | Oct. 13, 2014
From cash rebates to discount financing to lease subvention deals, complex automaker incentive programs keep dealership F&I departments constantly on their toes to find car buyers the best deals. That vigilance is poised to become even more critical as manufacturers beef up offerings. The stakes for dealerships are high.... Read More »

 

Hyundai makes diversity key part of business plan

6:55 pm U.S. ET | Oct. 13, 2014
Under CEO Dave Zuchowski, Hyundai Motor America has made diversity a key objective of the company's business plans with clear-cut goals in areas such as hiring, the automaker's retail network, suppliers, marketing and advertising. Employees in every department are held accountable for meeting the objectives.... Read More »

 

Fiat Chrysler rises in New York as challenger to Detroit Two

Oct. 13, 2014 12:51 CET
Fiat Chrysler Automobiles NV's debut on the New York Stock Exchange gives more investors in the United States the chance to tap into the growing global market for cars and trucks, while also taking a chance on a debt-burdened automaker.... Read More »

 

Lithia predicts Q3 net income gain despite lower used-car profits

2:19 pm U.S. ET | Oct. 13, 2014
Lithia Motors expects to report a gain in third-quarter unadjusted net income, boosted by improved new-vehicle sales, service and parts business and F&I revenue, it said in a statement today. But Lithia said its third-quarter operating income was mitigated in part due to narrowing used-car profit margins because of a dip in used-car values.... Read More »

 

Exit strategy on Buffett deal? Not so fast, says Larry Van Tuyl

2:24 pm U.S. ET | Oct. 13, 2014
Selling to a highly respected outside investor such as Warren Buffett may have been the ideal exit strategy for Van Tuyl Group -- and one of the few exit paths available to such a large automotive retailer these days, said some dealership buy-sell advisers. But Larry Van Tuyl doesn’t see it that way.... Read More »

 

THE GM RECALL

Deaths linked to GM ignition-switch defect rise to 27

2:04 pm U.S. ET | Oct. 13, 2014
A program to compensate victims of a faulty ignition switch in General Motors vehicles has approved three new death claims, bringing the total number of deaths linked so far to the switch to 27, according to a report released today by the lawyer overseeing the program.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How the XE will help Jaguar forget the failed X-Type

Oct. 13, 2014 06:15 CET
Jaguar says it has learned from the mistakes of the Ford Mondeo-based X-Type as it launches the XE, a model that aims to win sales from the BMW 3 series and Audi A4 in the fiercely competitive premium midsize market.... Read More »

 

Mileage march on schedule, EPA says

12:01 am U.S. ET | Oct. 13, 2014
Don't read too much into the slowdown in fuel economy gains, regulators say. The pace should quicken again with the spread of more potent gas-saving technologies.... Read More »

 

What, me worry? Hendrick says deal-hungry Buffett won't keep him from buying

12:01 am U.S. ET | Oct. 13, 2014
Car dealer Rick Hendrick has a message for auto retailers looking to sell their family business: He's still buying.... Read More »

 

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