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Global product expert in Lincoln driver's seat

12:01 am U.S. ET | July 28, 2014
Ford CEO Mark Fields, in his first major personnel move since taking over, announced Kumar Galhotra's appointment last week among several changes in Ford's product development organization.... Read More »

 

THE GM RECALL

Akerson says GM's problems were worse than execs thought

11:01 am U.S. ET | July 28, 2014
Former General Motors CEO Dan Akerson said the automaker's delayed ignition switch recall was indicative of a flawed corporate culture that was worse than he and other executives had originally recognized.... Read More »

 

Nissan profit rises 37% on U.S., China demand

5:05 am U.S. ET | July 28, 2014
Nissan said net income rose 37 percent to $1.1 billion in the April-June quarter as deliveries rose in the United States and China, its two biggest markets.... Read More »

 

Fiat investors advised to vote for Chrysler merger

July 28, 2014 11:26 CET
Proxy adviser Glass Lewis has recommended that Fiat investors vote for a merger with Chrysler despite concerns that the voting rights of Exor, Fiat's main shareholder, could potentially increase with a deal.... Read More »

 

Asbury to double pace of acquisitions

12:01 am U.S. ET | July 28, 2014
Asbury Automotive Group Inc. aims to double its acquisition pace during the next 18 months.... Read More »

 

Happy Birthday, boss! Let's open some stores

12:01 am U.S. ET | July 28, 2014
Sonic Automotive President Scott Smith will get a special birthday present when he turns 47 on Oct. 20.... Read More »

 

LETTER TO THE EDITOR

Outsiders could only help GM

12:01 am U.S. ET | July 28, 2014
I have no doubt that there are many good people working at Cadillac and throughout General Motors. But can anyone seriously doubt that an infusion of some outside talent from people such as Johan de Nysschen will only help?... Read More »

 

THE GM RECALL

GM's top N.A. lawyer shares hot seat with boss

12:01 am U.S. ET | July 28, 2014
When Lucy Clark Dougherty was named General Motors' top lawyer for North America in 2011, she was considered the likely candidate to succeed General Counsel Michael Millikin. Now the two are sharing an uncomfortable spotlight amid criticism of the legal department's handling of a faulty ignition switch linked to at least 13 deaths.... Read More »

 

EDITORIAL

Fields is off to good start with Lincoln

12:01 am U.S. ET | July 28, 2014
Mark Fields' appointment of Kumar Galhotra, Ford Motor Co.'s top engineer, as president of Lincoln bodes well for the struggling luxury brand.... Read More »

 

Nissan vows to keep it quirky after cutting Cube

12:01 am U.S. ET | July 28, 2014
After dropping two polarizing nameplates for 2015 -- the Cube and Murano CrossCabriolet -- Nissan pledges to add an "iconic" design to keep its lineup quirky.... Read More »

 

Mike Alexander, legendary custom-car builder, dies

12:01 am U.S. ET | July 28, 2014
Mike Alexander, half of a Detroit-area brother duo who became famous for their custom cars, died July 18. He was 80.... Read More »

 

Fisker's Chinese owner plans 2nd model after Karma output resumes

5:51 pm U.S. ET | July 25, 2014
The Chinese owner of Fisker Automotive hopes to launch a second model that would join the $100,000 Karma luxury plug-in hybrid in three years, according to the company’s chairman.... Read More »

 

Volkswagen marketing chief quits

July 25, 2014 22:20 CET
Volkswagen's global marketing head, Simon Thomas, will leave the post after about a year in the job. Thomas, a former top Nissan Europe executive, said he is leaving VW at his own request.... Read More »

 

Citroen DS upscale line off to a slow start as a stand-alone brand

July 25, 2014 06:01 CET
Vehicle sales at Citroen's upscale DS line, which became a stand-alone brand on June 1, fell during the first half, hit by an aging product lineup and tougher competition from refreshed rivals such as Mini.... Read More »

 

Valeo raises 2014 profit forecast

July 25, 2014 06:01 CET
French car parts supplier Valeo has raised its full-year earnings forecast following a 21 percent rise in first-half profit, due mainly to overseas expansion and increased demand for fuel-saving technologies.... Read More »

 

Bentley may add a fifth model after SUV launch

9:51 am U.S. ET | July 24, 2014
Bentley may add a fifth model to its lineup after it launches an SUV in 2016, CEO Wolfgang Duerheimer said. The new model could be a two-seat sports car or a larger model slotted between the Continental GT coupe and Mulsanne sedan.... Read More »

 

Bentley may add a 5th model after SUV launch

July 24, 2014 15:51 CET
Bentley may add a fifth model to its lineup after it launches an SUV in 2016, CEO Wolfgang Duerheimer said. The new model could be a two-seat sports car or a larger model slotted between the Continental GT coupe and Mulsanne sedan.... Read More »

 

GM's quarterly profit plunges on recall costs

7:36 am U.S. ET | July 24, 2014
The heavy cost of General Motors' unprecedented slew of safety recalls during the second quarter wiped out most of its profits, erasing the fruits of strong truck pricing in North America and sales growth in China.... Read More »

 

Bentley CEO rolls back 'aggressive' sales forecasts

July 24, 2014 13:12 CET
Bentley expects 2014 deliveries to be lower than previously forecast as the carmaker is hit by the crisis in Ukraine and Russia and struggles to maintain high sales growth in China.... Read More »

 

Ford posts European profit in second quarter

July 24, 2014 12:40 CET
Ford posted a second-quarter pre-tax profit of $2.6 billion, boosted by its first quarterly profit in Europe in three years and record quarterly earnings in North America.... Read More »

 

Fiat investors urged to vote against Chrysler merger

2:59 pm U.S. ET | July 23, 2014
Proxy advisor ISS has recommended that Fiat investors vote against a cross-border merger of the Italian carmaker and its U.S. unit Chrysler at a meeting on Aug. 1, saying it would reduce shareholder rights.... Read More »

 

GM sales surge despite recalls as Barra proves quality sells

9:10 am U.S. ET | July 23, 2014
General Motors' Mary Barra is projected to report her second straight quarter of rising sales, adding to evidence that the CEO is weathering the biggest wave of recalls in automotive history. Second-quarter revenue may rise 2.7 percent, the average of estimates compiled by Bloomberg.... Read More »

 

Lithia Q2 profits hit record highs

8:39 am U.S. ET | July 23, 2014
Lithia Motors today reported the highest adjusted quarterly net income in the company's history -- a 29 percent surge to $35 million -- on higher revenues and cost controls.... Read More »

 

Federal-Mogul posts $5 million net loss in Q2 as revenue rises

3:34 pm U.S. ET | July 23, 2014
Auto supplier Federal-Mogul today reported a $5 million net loss after factoring in one-time charges, along with a $128 million revenue gain for the second quarter. The company, controlled by longtime Wall Street investor Carl Icahn, had one-time restructuring and impairment charges of $32 million and posted a $3 million loss from continuing operations.... Read More »

 

Some worry about F&I product regs, but not Jackson

12:01 am U.S. ET | July 23, 2014
AutoNation CEO Mike Jackson says that unlike some in the retail industry, he's not worried the Consumer Financial Protection Bureau could have plans to impose stricter monitoring of financing for F&I products.... Read More »

 

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