Executive ANE

BMW hanging on to 30th anniversary M5

11:21 am U.S. ET | Aug. 15, 2014
For all the BMW collectors who might want to add a limited-edition 30th Anniversary M5 to the portfolio, good luck. Just one model remains unsold in the United States as of today, and BMW of North America CEO Ludwig Willisch says the automaker is in no hurry to let go of it.... Read More »

 

Tesla raises warranty on Model S to 8 years, 'infinite' mileage

4:46 pm U.S. ET | Aug. 15, 2014
Electric carmaker Tesla Motors said the drive unit warranty for its Model S sedan has been increased to match that of the battery pack and will now be covered for eight years and "infinite" miles.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Toyota Aygo gets 'fun' makeover

Aug. 15, 2014 06:01 CET
Toyota is aiming its new Aygo minicar at younger buyers who don't take themselves too seriously, particularly men, who make up just 40 percent of current buyers.... Read More »

 

ZF talks for TRW said to hinge on Bosch JV exit

Aug. 15, 2014 10:25 CET
ZF's ambitions to takeover TRW and become the world's No. 2 supplier are being held up by negotiations to exit a steering-systems joint venture with Robert Bosch, according to people familiar with the matter.... Read More »

 

U.S. Treasury to cut Ally stake

10:56 am U.S. ET | Aug. 14, 2014
The Treasury Department plans to cut its stake in Ally Financial by selling stock on the open market in its first divestiture since the company's initial public offering in April.... Read More »

 

Former GM veteran, Fisker boss Posawatz to join INRIX board

4:12 pm U.S. ET | Aug. 14, 2014
Tony Posawatz, the former vehicle line director for the Chevrolet Volt who also briefly headed Fisker Automotive, has joined the board of directors for telematics company INRIX.... Read More »

 

GM to invest $2.8 billion in Brazil over five years, Barra says

12:15 pm U.S. ET | Aug. 14, 2014
General Motors will invest 6.5 billion reais ($2.8 billion) in Brazil over the next five years, CEO Mary Barra said today. She said GM remains committed to one of its most important markets.... Read More »

 

Toyota: Favorable auto finance climate to continue driving U.S. retail volume

12:01 am U.S. ET | Aug. 13, 2014
An auto finance environment favorable to many U.S. consumers will continue to provide a tailwind for higher retail auto sales in 2014, a top Toyota executive said Tuesday.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe's slump creates new opportunities at the top

Aug. 13, 2014 06:01 CET
Europe's car sales slump took its toll on the executive ranks at automakers active in the region. Just 13 of the 37 executives who topped their organizational charts before the crisis are still there.... Read More »

 

Peugeot edges closer to rejoining key stock index

Aug. 13, 2014 13:10 CET
Peugeot, whose losses led to a government bailout earlier this year, may already be close to an important recovery milestone: a return to France's benchmark stock index.... Read More »

 

Chrysler purchasing chief Kunselman to lead new safety office

9:33 am U.S. ET | Aug. 12, 2014
Chrysler tapped its head of purchasing, Scott Kunselman, to lead a new office that will oversee safety issues and regulatory compliance as scrutiny over the industry's safety record grows. Tom Finelli, 44, Chrysler's current director for global standardization, will assume responsibility for North American purchasing and supplier quality, effective immediately, Chrysler said today.... Read More »

 

VW brand sales rise on Europe, China gains

Aug. 12, 2014 11:48 CET
VW increased sales at its core passenger-car brand by 4 percent in July as higher deliveries in western Europe and China offset declines in the United States and Brazil. Global sales of VW brand cars and SUVs rose to 491,600 last month.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW invests 55 million euros to boost image in Korea

Aug. 12, 2014 06:01 CET
BMW will open its third global brand experience center later this month in South Korea, which will allow customers to test their driving skills on features including a winding handling circuit and an off-road course.... Read More »

 

German gov't wants e-bikes to replace trucks for local deliveries

Aug. 11, 2014 14:49 CET
Chancellor Angela Merkel's government is looking for ways to encourage electric bikes to replace trucks for local freight shipments in Germany. BMW and Daimler's subsidiary, Smart, already offer e-bikes.... Read More »

 

BMW North America names new CFO

3:40 pm U.S. ET | Aug. 11, 2014
BMW of North America appointed Stefan Walmrath CFO, effective Sept. 1, succeeding Stefan Sengewald, who will return to Germany to serve as a senior vice president for BMW Group.... Read More »

 

Florida dealer opts out of deal to be COO of new company

1:19 pm U.S. ET | Aug. 11, 2014
Florida dealer David Maus is bowing out of a deal to become COO and part owner of a new South Carolina dealership holding company called First Team Automotive Group.... Read More »

 

Supply of new Mercedes GLA will be tight

12:01 am U.S. ET | Aug. 11, 2014
Mercedes-Benz USA expects its GLA compact crossover to be in short supply when the vehicle debuts in September because of the segment's growing popularity.... Read More »

 

Fiat Chrysler merger now awaits shareholder buy-in

Aug. 11, 2014 06:01 CET
Following shareholder approval of the proposed merger of Fiat and Chrysler, Sergio Marchionne now faces an uncertain few months as he waits to find out if he has to postpone the tie-up because too many shareholders want to be bought out.... Read More »

 

A slap in the face of Chrysler suppliers?

12:01 am U.S. ET | Aug. 11, 2014
For five years, Chrysler Group has been slowly building its once-tattered relations with suppliers. Then, in about three minutes last week, CEO Sergio Marchionne called that hard-won trust into question.... Read More »

 

Stocks stay on target -- with help

12:01 am U.S. ET | Aug. 11, 2014
With a little help from increased incentives, automakers kept U.S. inventories at near-ideal levels to start August.... Read More »

 

Q&A WITH GREG MILLER | CEO, LARRY H. MILLER GROUP OF COS.

Miller learned from his dad and learned how to delegate

12:01 am U.S. ET | Aug. 11, 2014
Greg Miller, 48, learned a lot about the car business from his father, Larry H. Miller. But he is a very different leader from his dad.... Read More »

 

Nissan goal: Instant retail feedback

12:01 am U.S. ET | Aug. 11, 2014
Nissan will try to speed feedback from vehicle shoppers and move beyond widely accepted customer satisfaction practices.... Read More »

 

Lexus is putting its global marketing heads together

12:01 am U.S. ET | Aug. 11, 2014
Lexus has overhauled global marketing to help leverage creative input from around the world, cut costs and deliver more consistent brand messaging.... Read More »

 

Calif. retail group grabs more stores

12:01 am U.S. ET | Aug. 10, 2014
Conant Auto Retail Group of Newport Beach, Calif., which includes the nation's largest Honda dealership, bought Southern California's three-store Fladeboe Automotive Group.... Read More »

 

Fiat-Chrysler merger now awaits shareholder buyouts

12:01 am U.S. ET | Aug. 10, 2014
Following shareholder approval of the proposed merger of Fiat and Chrysler, Sergio Marchionne now faces an uncertain few months waiting to find out whether he has to postpone the tie-up because too many shareholders want to be bought out.... Read More »

 

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