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Recalls have had no 'measurable impact' on sales, says GM's Ammann

1:03 pm U.S. ET | April 20, 2014
Citing his company's 4 percent sales gain in March and a "decent start" for sales in April, General Motors President Dan Ammann said the company's ignition switch recall has had no "measurable impact" on sales.... Read More »

 

New reality: Think crash, not just flash

12:01 am U.S. ET | April 20, 2014
Safety watchdogs at the Insurance Institute for Highway Safety and Consumer Reports magazine had an outsize effect on the cars unveiled at the New York auto show last week.... Read More »

 

2014 NEW YORK AUTO SHOW

After strong surge in 2013, Cadillac stumbles in Q1

12:01 am U.S. ET | April 20, 2014
Cadillac last year began billing itself as the industry's "fastest-growing full-line luxury brand." It was a short-lived distinction. Cadillac sales fell 7 percent in the first quarter, to 39,588, compared with a 1 percent gain for the industry overall and an 8 percent rise in the luxury segment.... Read More »

 

Fiat reaches deal to start making Jeeps in China in 2015

April 19, 2014 18:29 CET
Fiat plans to begin making Jeeps in China, the brand's second-largest market, by late 2015 after reaching an agreement with local partner Guangzhou Automobile. Fiat will produce three new Jeep vehicles in the southern city of Guangzhou.... Read More »

 

McLaren rules out making SUVs

April 19, 2014 19:45 CET
McLaren will stick to building sports cars and ruled out following rivals such as Lamborghini, Bentley and Maserati that are adding SUVs to their lineups. "We genuinely believe we make the best sports cars in the world," McLaren CEO Mike Flewitt said.... Read More »

 

Rolls-Royce CEO predicts 5th year of record sales

April 19, 2014 19:26 CET
Rolls-Royce will probably post a fifth consecutive year of record sales, helped by demand in China and Japan, CEO Torsten Mueller-Oetvoes said. Sales also may rise in Russia this year as buyers look for investment vehicles to hold their value amid a slumping ruble, he added.... Read More »

 

Nissan pins Europe growth hopes on new compact car

April 18, 2014 06:01 CET
Nissan expects its new compact hatchback will help it reach its 5 percent European market share target. The hatchback will fill a market niche that Nissan quit when it stopped European sales of the Almera eight years ago.... Read More »

 

Cadillac global chief expected to resume former Washington lobbying job

10:08 pm U.S. ET | April 17, 2014
GM plans to shift its global Cadillac chief back to focus full time on his former lobbying position in Washington as the automaker deals with fallout from defective ignition switches linked to at least 13 deaths, a person familiar with the plans said Thursday.... Read More »

 

Lincoln maps out China strategy, sees learning lab for world

5:00 am U.S. ET | April 17, 2014
Lincoln set up a showcase called The Lincoln Space in a busy pedestrian area of central Beijing today to outline its strategy for entering the world's largest auto market. An initial presence of eight dealerships in seven cities this fall will grow to 20 stores by the end of the year.... Read More »

 

VW's Winterkorn plans new strategy called Future Tracks

April 17, 2014 11:55 CET
Volkswagen CEO Martin Winterkorn will unveil a new strategy for the automaker called Future Tracks by year end, a report said. The plan will set fresh profitability and sales goals, Winterkorn told Manager Magazin in an interview.... Read More »

 

AutoNation stepping away from third-party leads

7:15 am U.S. ET | April 17, 2014
AutoNation, tired of paying high prices for online leads, plans to de-emphasize third-party lead providers such as TrueCar, AutoTrader.com and Cars.com, CEO Mike Jackson says. He says he will strengthen AutoNation's Web site and digital presence to build traffic and sales.... Read More »

 

Lamborghini helps give parent Audi a technical edge

April 17, 2014 11:43 CET
Lamborghini will showcase the Huracan LP 610-4, its newest technology-packed supercar at the Beijing auto show, with the model set to spice up its parent company Audi's own offerings.... Read More »

 

Johnson Controls diversifies away from autos with $1.6 billion deal

2:54 pm U.S. ET | April 16, 2014
Johnson Controls, seeking to lessen its reliance on the cyclical auto industry, agreed to acquire Texas-based ventilation products company, Air Distribution Technologies, for $1.6 billion.... Read More »

 

Fields sees Ford Europe growth, eyes breakeven by mid-decade

April 16, 2014 17:19 CET
Ford is sticking with its forecast for a smaller loss in Europe this year and breakeven by 2015 even as the company sees signs of growth, COO Mark Fields said.... Read More »

 

U.S. senators press Delphi for answers on recalled GM cars

1:46 pm U.S. ET | April 16, 2014
Lawmakers probing how GM used faulty ignition switches in many vehicles are turning their scrutiny to the supplier of the part, Delphi Automotive. A group of senators on Tuesday wrote to Delphi CEO Rodney O'Neal, asking for information about whether the parts supplier pushed back against GM after the automaker apparently did not accept a proposed fix to the switches.... Read More »

 

Fields sees Ford Europe growth, eyes break-even by mid-decade

11:19 am U.S. ET | April 16, 2014
Ford is sticking with its forecast for a smaller loss in Europe this year and break-even by 2015 even as the company sees signs of growth, COO Mark Fields said today.... Read More »

 

GM rejected better ignition part in 2001 to save money, safety advocates say

10:36 am U.S. ET | April 16, 2014
General Motors chose not to use a more robust ignition-switch part in Chevrolet Cobalts and other small cars while they were being designed, a decision that may have led to deaths, safety advocates said.... Read More »

 

2014 NEW YORK AUTO SHOW

Hyundai goes mild with 2015 Sonata makeover

10:15 am U.S. ET | April 16, 2014
Hyundai is tweaking the recipe that made the Sonata one of the industry's hottest mid-sized sedans in recent years with a makeover for 2015 that is more mild than spicy. The redesigned 2015 Sonata, introduced at the New York auto show today, will offer more technology and safety equipment than the outgoing model.... Read More »

 

Ghosn sees 'bright spots' for carmakers as Europe revives

April 16, 2014 07:23 CET
Global carmakers will see rising demand this year as sales in China and the United States expand and Europe starts to grow again, Renault-Nissan CEO Carlos Ghosn said.... Read More »

 

Daimler will receive 2.43 billion euros for stake in engine JV from Rolls-Royce

April 16, 2014 12:40 CET
Daimler will receive 2.43 billion euros ($3.36 billion) for its 50 percent stake in an engine joint venture from partner Rolls-Royce Holdings Plc.... Read More »

 

MyFord Touch bugs are getting squashed, Hinrichs says

3:10 pm U.S. ET | April 15, 2014
Ford has brought its problem-plagued MyFord Touch communications system up to exceed industry-average reliability -- and plans an upgrade to improve the system's capability, Ford executive Joe Hinrichs said today.... Read More »

 

THE GM RECALL

Barra creates new GM engineering team to improve vehicle safety

5:11 pm U.S. ET | April 15, 2014
General Motors, fighting to bolster its reputation amid a recall crisis, has created a team of engineers aimed at improving vehicle safety, CEO Mary Barra said Tuesday in New York. Touting a “new way of developing vehicles,” Barra said the new “global product integrity” team will “provide the highest levels of safety, quality, and customer service.”... Read More »

 

Customers' luxury motivation turns to self-reward, execs say

1:48 pm U.S. ET | April 15, 2014
The definition of luxury automotive brands, and the motivation of luxury-car shoppers, is changing from an outward-directed display of wealth to a self reward for a successful customer. That was the conclusion of a panel of luxury-brand executives at the NADA/J.D. Power Automotive Forum in New York today.... Read More »

 

BMW i3 production boosted 43% in preparation for U.S. launch

April 15, 2014 13:05 CET
BMW has ramped up production of its i3 electric car to 100 vehicles a day, ahead of its launch in the United States this month, board member Harald Krueger said.... Read More »

 

Old and new alliances crucial to Tavares' turnaround plan for PSA

April 15, 2014 13:48 CET
PSA/Peugeot-Citroen will keep its industrial partnerships with General Motors, Toyota and Fiat despite the arrival of China's Dongfeng as a stakeholder in the automaker, CEO Carlos Tavares said.... Read More »

 

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