Executives

Fiat investors likely to approve Chrysler merger

July 31, 2014 06:01 CET
Fiat shareholders will likely approve the automaker's merger with Chrysler when they meet in Italy for the last time on Friday. Industry watchers expect Fiat to win the two-thirds majority vote needed for a merger that will create the world's seventh largest automaker.... Read More »

 

Lexus' plans exclude China plant

5:13 pm U.S. ET | July 30, 2014
Lexus has no plans to join the rush of carmakers manufacturing in China because it has to learn to crawl in that market before it runs, a top executive says.... Read More »

 

Penske Q2 net income rises 18% on strong gains in all segments

7:30 am U.S. ET | July 30, 2014
Penske Automotive Group's second-quarter net income rose 18 percent from the year-earlier period on higher new- and used-vehicle unit sales.... Read More »

 

Toyota luxury boss says sub-$30K car 'wouldn't be a Lexus'

3:10 pm U.S. ET | July 30, 2014
A senior Lexus executive said that a car priced below $30,000 would not be worthy of the brand, in an indirect dig at German rivals who have been moving downmarket. "We could go down and build a car under $30,000, but it would be decontented, and you'd be cutting corners. It wouldn't be a Lexus," Mark Templin, Lexus International's executive vice president, told Automotive News.... Read More »

 

Audi's Stadler plans efficiency push to enhance margins, report says

July 30, 2014 20:45 CET
Audi CEO Rupert Stadler plans steps to boost efficiency and lower costs on all operating levels, according to a senior company source, as the luxury carmaker struggles to raise output and profit margins.... Read More »

 

Audi CEO vows efficiency drive to enhance margins, report says

2:45 pm U.S. ET | July 30, 2014
Audi plans steps to boost efficiency and lower costs on all operating levels, according to a senior company source, as the luxury carmaker struggles to raise output and profit margins.... Read More »

 

Jaguar touts aluminum features on upcoming XE

12:35 pm U.S. ET | July 30, 2014
Jaguar Land Rover is touting the aluminum features on its upcoming Jaguar XE sedan, promising it will be the most fuel efficient vehicle in brand history.... Read More »

 

Dahlheim named CEO of VW Credit

12:01 am U.S. ET | July 30, 2014
VW Credit named CFO Christian Dahlheim CEO of the captive finance company today, succeeding Andrew Stuart, who left the company to become CEO of U.S. operations for TD Auto Finance.... Read More »

 

Tesla's Musk to portray himself on 'The Simpsons'

10:26 am U.S. ET | July 29, 2014
Tesla Motors CEO Elon Musk will be providing the voice for himself in an episode in the 26th season of “The Simpsons,” the show's executive producer, Al Jean, said at a recent Comic-Con panel.... Read More »

 

VW suffers production woes adjusting to MQB platform, report says

July 29, 2014 16:38 CET
Volkswagen's move to add extra German production shifts for the Golf, which the company has attributed to strong demand, is also due to problems adjusting to its new MQB platform, company sources said.... Read More »

 

Daimler reaches labor deal on overhauling Mercedes' German sales network

July 29, 2014 06:01 CET
Daimler has reached a labor agreement that will allow it to sell some Mercedes dealerships in Germany as part of a wider plan to overhaul its sales network in the market.... Read More »

 

Faurecia increases earnings target

July 29, 2014 11:39 CET
Faurecia raised its 2014 earnings forecast after first-half profit jumped 21 percent on strong demand in Asia and higher market share in its home region.... Read More »

 

AvtoVAZ CEO Andersson aims to restore pride to Lada

July 29, 2014 13:12 CET
Bo Andersson, a former top purchasing manager at GM, aims to turn around the struggling Russian automaker AvtoVAZ through cost reductions and launching new Lada cars that can compete with Western competitors.... Read More »

 

GUIDO REINKING

Fiat would find a safe haven in VW

4:59 am U.S. ET | July 29, 2014
Reports that VW may buy Fiat-Chrysler sound improbable, but the idea has appeal. It would allow VW to overcome its weakness in North America and offer Fiat Chrysler a safe haven.... Read More »

 

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 »

 

The day 3 Hall of Famers met in Maranello

12:01 am U.S. ET | July 28, 2014
For Automotive News Editor-in-Chief Keith Crain, who entered the Automotive Hall of Fame last week, 1978 was a big year for scoops.... 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 »

 

BRADFORD WERNLE

Scheele wasn't too big to solve a paint problem

12:01 am U.S. ET | July 28, 2014
Former Ford Motor Co. President Nick Scheele, who died this month at age 70, left warm memories throughout the auto industry.... 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 »

 

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