Executive AN

Daimler, VW dampen speculation about imminent CEO succession

11:02 am U.S. ET | Oct. 30, 2014
Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said today, adding that any potential candidates would most likely come from within their respective companies.... Read More »

 

Ford’s Fields lunch auction draws top bid of $100,000

3:57 pm U.S. ET | Oct. 29, 2014
The price to have lunch with Mark Fields? $100,000. Ford's new CEO will have an exclusive lunch with the highest bidder to benefit Detroit charity Focus: HOPE.... Read More »

 

Betts leaves Chrysler after another poor quality showing

9:39 am U.S. ET | Oct. 28, 2014
Fiat Chrysler's quality chief has left the company, a day after the automaker ranked last in a closely watched scorecard on vehicle reliability in the United States. Doug Betts, 51, who joined Chrysler from Nissan in 2007, will “pursue other interests,” Chrysler said in a statement today.... Read More »

 

Obama administration eyes leadership change at NHTSA, report says

11:35 am U.S. ET | Oct. 28, 2014
The acting chief of the NHTSA, the top federal automotive safety regulator, is unlikely to be nominated for the job and an active search is under way to fill the position, a source familiar with the matter told Reuters on Monday.... Read More »

 

HANS GREIMEL

New Subaru marketing could foreshadow upmarket push

10:24 am U.S. ET | Oct. 28, 2014
If you liked the quality of Subaru cars before, you're going to love the “new” quality the brand aspires to. That's the marketing meme Subaru is cultivating in Japan under a “New Subaru Quality” push aiming to move its image upmarket.... Read More »

 

Honda, after 5th Fit recall, appoints first quality czar; top execs take pay cut

6:28 am U.S. ET | Oct. 23, 2014
In an unprecedented move, Honda, announcing its fifth Fit recall in 12 months, appointed a quality czar to clamp down on problems. Senior executives will also take pay cuts for three months to take responsibility for the recall-plagued car.... 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 »

 

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 »

 

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 »

 

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 »

 

Tesla spokesman Sproule leaves to be CMO at Aston Martin

11:05 am U.S. ET | Oct. 7, 2014
Aston Martin, the British sports car brand, said today it hired Simon Sproule, the vice president of communications at Tesla Motors, to serve as chief marketing officer under new CEO Andy Palmer. The move is effective November 1.... Read More »

 

Memorial for ex-Ford executive Nick Scheele is Oct. 27 in Michigan

10:26 am U.S. ET | Oct. 7, 2014
The family of Nick Scheele will host a service to honor his life at 6 p.m. October 27 at the Dearborn Inn in Dearborn, Mich.... Read More »

 

Ray Lambrecht, dealer who auctioned 500 vintage Chevys, dies at 96

4:50 pm U.S. ET | Oct. 2, 2014
Ray Lambrecht, the Nebraska Chevrolet dealer who auctioned off more than 500 cars last year, died Sept. 22 at age 96, his family confirmed to The New York Times on Tuesday.... Read More »

 

Irma Elder, first woman to own a Ford dealership in Detroit area, dies at 84

1:28 pm U.S. ET | Sept. 30, 2014
Irma Elder, CEO of Elder Automotive Group and the first woman to own a Ford dealership in the Detroit area, died today. She was 84.... Read More »

 

Barra lands on Time cover and back in the spotlight

1:34 pm U.S. ET | Sept. 25, 2014
After months of blistering criticism, lampoons and scrutiny of General Motors, CEO Mary Barra is venturing back into the media spotlight after an initial rush of positive publicity early this year when she became the first female CEO of a major automaker. Barra made appearances in New York this week, and today she is the subject of Time magazine's cover story.... Read More »

 

Top Chinese official accused of taking bribes from Toyota JV

11:06 am U.S. ET | Sept. 24, 2014
A senior official with China's economic planning ministry and his son took bribes from a Guangzhou carmaker, including kickbacks for helping approve the opening of a Toyota dealership, a Chinese prosecutor said today.... Read More »

 

GABE NELSON

Hyundai's hubris -- $10B land deal backfires

4:08 pm U.S. ET | Sept. 22, 2014
Chung Mong-Koo sought to imbue Hyundai with Gangnam style. Instead, Hyundai Motor Group's $10 billion bid for a nearly 20-acre plot in Seoul's prestigious Gangnam district backfired on the company that Chung has elevated into a global powerhouse.... Read More »

 

Cadillac names European exec Jim Bunnell as U.S. sales chief

2:31 pm U.S. ET | Sept. 22, 2014
Cadillac named Jim Bunnell as its new sales chief in the United States today as the brand looks to improve sluggish volume and implement a fresh approach under new global boss Johan de Nysschen. Bunnell, 59, who joined General Motors in 1979 and spent most of his career in sales and product planning roles at Pontiac and GMC, becomes the fourth head of Cadillac sales in a little more than two years.... Read More »

 

Hyundai directors kept in dark on size of $10 billion land bid, report says

10:56 am U.S. ET | Sept. 22, 2014
Hyundai Motor and two affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.... Read More »

 

Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property.... Read More »

 

Hertz reaches pact with Icahn to replace 3 directors

4:44 pm U.S. ET | Sept. 11, 2014
Hertz Global Holdings reached an agreement in principle with billionaire investor Carl Icahn to appoint three directors to the board of the rental-car company in place of current members.... Read More »

 

Tesla's Musk named Vanity Fair's top 'disrupter'

3:57 pm U.S. ET | Sept. 11, 2014
Tesla Motors CEO Elon Musk can add another accomplishment to his resume today: Vanity Fair has named him the top disrupter in its New Establishment list of influential players in technology, entertainment, finance and politics.... Read More »

 

Nissan taps BMW's Krueger to head Infiniti

9:30 pm U.S. ET | Sept. 9, 2014
Nissan has poached BMW veteran Roland Krueger to head its leaderless Infiniti luxury unit, lending a touch of German flair to a brand struggling to break out of the second tier. Krueger, 48, steps into a brand twice stung by recent defections, first by brand President Johan de Nysschen's departure in July, then by the exit of its chairman, Andy Palmer, last week.... Read More »

 

Delphi CEO O'Neal to retire in March; CFO Clark to succeed him

10:15 am U.S. ET | Sept. 9, 2014
Delphi Automotive said CEO Rodney O'Neal will retire in March and be succeeded by CFO Kevin Clark. O'Neal, 61, will remain with Delphi as an adviser until the end of 2015, the former General Motors parts unit said in a statement today. Clark, 52, becomes COO on Oct. 1 before taking the top job March 1.... Read More »

 

JAMES B. TREECE

How Jim Harbour and David Power improved the U.S. auto industry

6:39 am U.S. ET | Sept. 9, 2014
Jim Harbour, who died Saturday at age 86, was one of two men who dramatically improved the American auto industry at a time when Detroit was deeply in denial about how far short of world class it was.... Read More »

 

 
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Special Report
Racing, tech events draw crowds to Hoffman stores

Racing, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
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