OEM Coverage

Grupo Antolin to buy Magna unit for $525 million

April 16, 2015 15:17 CET

Spain's Grupo Antolin has reached an agreement to purchase Magna International's interiors unit for about $525 million, creating what Antolin estimates will be the world's third-largest player in the consolidating sector.... Read More »

Mahindra nears deal to buy Pininfarina, sources say

April 16, 2015 14:10 CET

Mahindra & Mahindra, India's largest maker of SUVs, is in the final stages of negotiations to buy Italian design and engineering firm Pininfarina, according to people familiar with the matter, who said a deal could be reached as early as next week.... Read More »

European sales rise 11% on demand for VW, Renault

April 16, 2015 09:15 CET

European car sales increased 11 percent in March, the strongest growth in a year, as the region's improving economy fueled demand for vehicles made by automakers such as VW Group, Renault and Fiat Chrysler. Last month 1.65 million vehicles were sold in the region.... Read More »

GM is shielded from some ignition-switch suits, ruling finds

4:45 pm U.S. ET | April 15, 2015

General Motors will not have to face dozens of lawsuits accusing it of concealing an ignition-switch defect that has been blamed for more than 200 deaths and serious injuries, a federal bankruptcy judge ruled Wednesday.... Read More »

Renault summons board in response to French stake hike, report says

April 15, 2015 22:09 CET

Renault will hold an emergency board meeting today in response to France's plans to tighten its grip on the carmaker and its alliance with Nissan, a source said. France is increasing its Renault holding to 19.7 percent from 15 percent.... Read More »

VW panel to meet today on leadership crisis, source says

April 15, 2015 19:08 CET

The steering committee of VW Group's supervisory board will meet today to try to resolve a leadership crisis caused by the exposure of a rift between its CEO and chairman, a source told Reuters.... Read More »

Faurecia sales boosted by European car demand, weaker euro

April 15, 2015 18:46 CET

Faurecia said its first-quarter sales rose 14 percent, helped by currency tailwinds and a recovery in European vehicle demand.... Read More »

DAVE GUILFORD

BLOG: Why we won't 'put' credence in GM-FCA merger talk

10:26 am U.S. ET | April 15, 2015

General Motors is unlikely to entertain a merger with Fiat Chrysler after the sour end to the GM-Fiat Alliance in 2005. That's when Sergio Marchionne forced GM to pay $2 billion to avoid buying Fiat Auto.... Read More »

VINCE BOND JR.

BLOG: Honda manager says effective auto design stretches well beyond the vehicle

4:01 pm U.S. ET | April 15, 2015

The car is just one piece of the mobility pie that auto designers consider when pursuing new ideas, says Jason Wilbur, manager of Honda's Advanced Design Studio.... Read More »

VW struggle in 'diplomacy phase' as investors weigh CEO change

April 15, 2015 12:11 CET

Volkswagen's leadership crisis has burst into the open with Chairman Ferdinand Piech's public denunciation of CEO Martin Winterkorn, but the standoff is now more likely to play out behind closed doors. Piech, 77, will meet his cousin, Wolfgang Porsche, and other family members to discuss the rift his comments appear to have opened up, sources said.... Read More »

Q&A

New Black Book exec looks to help dealers close loans, leases faster

11:15 am U.S. ET | April 15, 2015

Barrett Teague, Black Book's new vice president of lender solutions, says dealership F&I managers are never far from his mind. In part that's because he's been an F&I manager himself. Teague, 43, joined Black Book on April 6. His new role is to work with lenders, but how lenders use Black Book data also has a direct effect on dealerships, he says.... Read More »

FCA sale of Ferrari stake unlikely to exceed 10% after all

8:31 am U.S. ET | April 15, 2015

Fiat Chrysler does not expect to sell more than 10 percent of Ferrari in a planned initial public offering, CEO Sergio Marchionne said today, in a change of heart from a month ago.... Read More »

Marchionne will show data supporting industry need for consolidation

11:51 am U.S. ET | April 15, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne says he will produce data to back up his ongoing calls for consolidation in the auto industry.... Read More »

Toyota investments in Mexico, China to usher in new cost-efficiency strategy

9:00 am U.S. ET | April 15, 2015

Opening its purse after a three-year expansion freeze, Toyota announced plans today to spend nearly $1.5 billion on a new factory in Mexico and a new line in China to support sales growth in key markets and underpin a global overhaul in the way it builds vehicles.... Read More »

PSA's upscale DS brand will join booming SUV/crossover segment

April 15, 2015 11:40 CET

PSA/Peugeot-Citroen's upscale DS brand plans to launch a subcompact SUV/crossover that will rival models such as the Renault Captur and Mini Countryman.... Read More »

Hyundai may add Mexico plant as local auto sales increase

2:56 pm U.S. ET | April 14, 2015

Hyundai may build a factory in Mexico once the company's domestic auto sales rise, joining affiliate Kia Motors in Latin America's top vehicle-producing market, a top Mexican executive said Tuesday. A Hyundai spokesman, however, disputed the executive's comments.... Read More »

Toyota to announce details on Mexico factory; Corolla production will move from Canada to new plant, report says

6:19 am U.S. ET | April 14, 2015

Toyota will move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, a report said.... Read More »

Smart transportation coalition forms to promote tech to lawmakers

5:45 pm U.S. ET | April 14, 2015

Trade groups representing automakers and tech giants like Google, Microsoft, Apple and Intel have formed a coalition to advocate for industry-friendly connected car and autonomous vehicle policies on Capitol Hill.... Read More »

JPMorgan Chase loses bid to reclaim security for $1.5 billion GM loan

4:02 pm U.S. ET | April 14, 2015

JPMorgan Chase lost another court bid to reclaim security for a $1.5 billion loan to General Motors' bankrupt predecessor.... Read More »

RICHARD TRUETT

BLOG: Self-driving building blocks already in place

11:00 am U.S. ET | April 14, 2015

It will largely be the work of software writers that determines the safety, performance and comfort of autonomous cars. Engineers have already built and incorporated into today's cars much of the mechanical hardware needed for self-driving vehicles.... Read More »

HANS GREIMEL

BLOG: Mazda gets artsy in Milan

7:38 am U.S. ET | April 14, 2015

Is Ikuo “Speedy” Maeda, the black-clad lead stylist at Mazda, making good on his ambition to launch a designer goods line tied to the Japanese carmaker?... Read More »

Cadillac CT6 underpinnings could support a big Buick

11:15 am U.S. ET | April 14, 2015

Now that General Motors has christened its large, rear-wheel-drive platform, code-named Omega, with the debut of the Cadillac CT6 sedan, what other cars might go onto that same foundation?... Read More »

Ford to unveil $2.5 billion Mexico investment on Friday, report says

12:58 pm U.S. ET | April 14, 2015

Ford plans to announce on Friday an investment of about $2.5 billion in Mexico, industry sources told Reuters. Ford will invest $1.3 billion to expand its plant in northern Chihuahua state, where it will build two new diesel engines. Another $1.2 billion is destined for a transmission plant in central Guanajuato state, the sources said.... Read More »

Turmoil pushes Porsche chief to forefront of potential CEO race at VW

11:14 am U.S. ET | April 14, 2015

A rift between Volkswagen AG's two most senior executives threatens to create a power vacuum that's set to hasten the search for a new leader. Matthias Mueller, who oversees the Porsche sports-car division, may hold the best cards with his background in engineering and operational experience.... Read More »

2012 Subaru Impreza under investigation for potential airbag flaw

8:05 am U.S. ET | April 14, 2015

U.S. safety regulators have opened an investigation into 2012 Subaru Imprezas because the front passenger seat airbags may fail to operate.... Read More »

 
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Seattle VW dealer mixes metrics and fun

Seattle VW dealer mixes metrics and fun

Matthew Welch may own Auburn Volkswagen, but the title he cherishes is “chief relationship officer.' Mon., April 13
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