Jaguar Land Rover will make China chief its Europe boss, source says

July 1, 2015 10:45 CET

Jaguar Land Rover will move Bob Grace, its China chief, to lead its European unit, a source said. The company's new China chief will have to deal with slowing industrywide demand amid a prolonged government crackdown on graft and conspicuous consumption, which has hit luxury car sales.... Read More »

Greek exit from euro could bring stability, German auto lobby group says

July 1, 2015 09:54 CET

Germany's auto industry lobby group, the VDA, believes a Greek exit from the eurozone may be necessary despite the setback this may bring for Europe's fragile recovery in new-car sales. Automakers are monitoring the potential effects on capital markets and exchange rates if Greece leaves the European single currency – dubbed Grexit.... Read More »

French car sales rise 15% in June on extra working days

July 1, 2015 11:14 CET

French new-car sales increased 15 percent in June as two extra working days helped to lift registrations to the biggest monthly gain in four years.... Read More »

GM Korea workers approve strike over pay, output

6:57 am U.S. ET | July 1, 2015

GM employees in South Korea voted today in favor of a strike over wages and production volumes, prompted by uncertainty over the automaker's output plans as its labor costs in the country rise.... Read More »

Hyundai global sales fall for third straight month

6:41 am U.S. ET | July 1, 2015

Hyundai's sales fell for a third straight month, dragged down by a slump in overseas deliveries as unfavorable currency exchange rates undermine its ability to compete against Japanese automakers.... Read More »

Germany's Getrag getting interest from Magna, Dana, China, report says

3:36 pm U.S. ET | June 30, 2015

Getrag, one of the biggest independent makers of transmissions, has attracted interest from automotive suppliers including Canada's Magna International Inc., people with knowledge of the matter told Bloomberg.... Read More »

Citroen CEO confirms next C5 for China; Europe future unclear

June 30, 2015 06:01 CET

Citroen will replace its C5 midsize model, CEO Linda Jackson told Automotive News Europe, but she would only confirm that the next-generation car would be sold in China. Jackson said there is a “question mark” over whether Citroen would sell the replacement in Europe.... Read More »

Suzuki patriarch appoints son as president and likely successor

5:50 am U.S. ET | June 30, 2015

Osamu Suzuki, the outspoken patriarch of Suzuki Motor, positioned his son Toshihiro as his successor, appointing him president and COO of the family's namesake carmaker. Osamu Suzuki will keep his positions as chairman and CEO.... Read More »

Newer Audi, BMW, Subaru models use lots of oil, Consumer Reports survey finds

3:10 pm U.S. ET | June 30, 2015

Newer models from Audi, BMW and Subaru are burning a lot of oil between routine oil changes, according to a consumer survey from Consumer Reports.... Read More »

RICHARD TRUETT

BLOG: The (technology) pluses and minuses of a GM-FCA deal

11:15 am U.S. ET | June 30, 2015

GM and FCA could benefit from each other's technology. Instead of a full-blown merger, maybe some small side-deals is all Sergio needs.... Read More »

Toyota Mirai rated at U.S. range of 312 miles

4:00 pm U.S. ET | June 30, 2015

Toyota says its high-stakes hydrogen car will have a U.S. rating of 312 miles between refueling stops, farther than the Tesla Model S.... Read More »

Bain Capital completes buyout of TI Automotive

4:15 pm U.S. ET | June 30, 2015

TI Automotive said its sale to private equity firm Bain Capital LLC has been completed. Terms of the sale were not disclosed in a statement today.... Read More »

GM directors don't have to face ignition-switch claims

6:54 am U.S. ET | June 30, 2015

General Motors directors don't have to face investors' allegations that lax supervision allowed the company to make cars with faulty ignition systems blamed for at least 119 deaths.... Read More »

VIDEO: AutoNews Now: Magazine raps oil-thirsty cars

12:01 am U.S. ET | June 30, 2015

Consumer Reports raps oil-thirsty cars; BMW, Audi, Subaru engines cited; Mexico looms large for UAW; GM-Navistar deal?; Spielberg to honor Bill Ford; Big muscle-car states.... Read More »

Dura owner Tilton loses bid to halt SEC proceedings

2:37 pm U.S. ET | June 30, 2015

Lynn Tilton, the owner of auto supplier Dura Automotive and the so-called Diva of Distressed, lost a bid to halt a U.S. Securities and Exchange Commission in-house disciplinary proceeding against her after a federal judge said she was powerless to do so.... Read More »

Mexican supplier Nemak to launch $750 million IPO

11:38 am U.S. ET | June 30, 2015

Nemak SAB's expected $750 million initial public stock offering today marks the first stock offering of a Mexican auto supplier since at least 2000.... Read More »

VIDEO: Cuba's '50s Car Culture

12:01 am U.S. ET | June 30, 2015

Reporter Brad Wernle offers a close-up look at Cuba's car culture.... Read More »

Toyota's new shares are popular in Japan

10:17 am U.S. ET | June 30, 2015

Japanese retail investors are flooding stock brokers with orders for a new class of Toyota shares, indicating the carmaker can fetch a good price for the issue and secure a new group of long-term investors.... Read More »

VIDEO: First Shift: Judge dismisses GM lawsuit

12:01 am U.S. ET | June 30, 2015

Judge dismisses shareholder suit over GM recall; Suzuki's heir apparent; Cadillac XT5 early peek; Ex-Ford president Philip Benton Jr. dies; Snyder: Solid 1st half for U.S. auto sales.... Read More »

NEWS ANALYSIS

New VW brand boss Diess needs to cut costs, boost profits

June 30, 2015 06:01 CET

VW brand will have a new boss for the first time since 2007 when former BMW development chief Herbert Diess takes control. His tasks as successor to Martin Winterkorn, who remains VW Group CEO, include reining in costs, increasing profitability and making the brand a stronger player in the U.S.... Read More »

Spanish supplier Ficosa opens third China plant

June 30, 2015 11:32 CET

Spanish supplier Ficosa has opened its third Chinese plant in the city of Shenyang to supply automakers in the north of the country, including BMW.... Read More »

Two Las Vegas dealerships settle deceptive advertising charges

3:47 pm U.S. ET | June 29, 2015

Two Las Vegas car dealerships have agreed to settle Federal Trade Commission charges that they used deceptive advertising. The dealerships, Planet Hyundai and Planet Nissan, ran ads that misrepresented the purchase price or leasing offers of their vehicles and the amount due at signing, the FTC said.... Read More »

Camo-free Cadillac XT5 crossover spied in Manhattan

12:20 pm U.S. ET | June 29, 2015

Cadillac's new XT5 -- the replacement for the SRX midsize crossover -- will get a bolder front end but keep many of the same proportions of its predecessor, based on recent spy photographs.... Read More »

Hyundai ad agency swaps CEOs; top marketer leaves

5:45 pm U.S. ET | June 29, 2015

Hyundai's ad agency, Innocean, has executed a changing of the guard that sources described as an attempt to strengthen ties with Hyundai.... Read More »

VW's Seat brand set to launch small SUV in 2017

June 29, 2015 21:34 CET

VW Group Spanish subsidiary Seat plans to launch a subcompact SUV/crossover by the end of 2017 as part of its effort to be sustainably profitable, a company source said.... Read More »

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