LEADERSHIP CRISIS AT VOLKSWAGEN

VW board members demanded Piech go after learning of secret plot

April 27, 2015 08:38 CET

Ferdinand Piech, who resigned as chairman of VW Group over the weekend, caused his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board.... Read More »

Public dealerships plan for growth

12:01 am U.S. ET | April 27, 2015

AutoNation, Sonic, Asbury and Lithia gave updates on their new projects as they reported generally robust first-quarter earnings. Here's what they said.... Read More »

Tesla hit by hackers on Twitter, media-relations email accounts

8:14 am U.S. ET | April 27, 2015

Tesla's Twitter feed and its media-relations email account were hacked Saturday, with the electric-car maker becoming the latest victim of online vandals.... Read More »

RAJ SUNDARAM

Loans are at a healthy, rational level

12:01 am U.S. ET | April 27, 2015

While it's worthwhile to remember key lessons from the 2008 financial crisis, today's conditions in automotive subprime bear virtually no resemblance to the mortgage issues that precipitated that fateful bubble, says Raj Sundaram, co-president of Dealertrack Inc.... Read More »

LEADERSHIP CRISIS AT VOLKSWAGEN

Piech exit to shake up VW's politburo, creating U.S. opportunity

April 27, 2015 12:00 CET

The sudden departure of VW Group Chairman Ferdinand Piech may loosen his politburo-style management on the automaker, which could help VW finally start making cars Americans want to buy.... Read More »

VIDEO: First Shift: Piech case of self-destruction?

12:01 am U.S. ET | April 27, 2015

Report: VW chair quit after plot exposed; Hyundai's shareholder move; Tesla hacked; Cadillac's hopes for ATS-V.... Read More »

Hyundai to create shareholder-rights group after land deal irks investors

7:23 am U.S. ET | April 27, 2015

Hyundai Motor will establish a committee to represent shareholder interests when the board makes key decisions such as acquisitions, heeding calls from investors angered over a $10 billion land purchase last year.... Read More »

VW investors hope Piech exit may usher in change

7:09 am U.S. ET | April 27, 2015

Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech.... Read More »

Peugeot family to meet over future of its PSA stake, report says

April 27, 2015 11:27 CET

The Peugeot family plans to hold a meeting in June to work out its differences over the future of its 14.1 percent stake in PSA/Peugeot-Citroen, a newspaper reported today.... Read More »

GM to give Kettering University $4 million for proving ground, powertrain lab

6:38 am U.S. ET | April 27, 2015

Kettering University, which taught General Motors leaders such as CEO Mary Barra, is getting a $4 million gift from the carmaker to build a proving ground and powertrain test lab.... Read More »

Ford's Sync 3 debut, vehicle launches are out of sync

12:01 am U.S. ET | April 27, 2015

The 2015 Ford Edge has been on sale for only a month, but it's already about to be out-of-date. Ford Motor Co. plans to start rolling out Sync 3, its replacement for the MyFord Touch infotainment system, starting this summer.... Read More »

Geely will expand UK site to build low-emission taxis

April 27, 2015 06:15 CET

The Chinese-owned UK factory that builds the iconic London black taxi will be expanded to boost output tenfold, including production of low-emission plug-in hybrid taxis.... Read More »

Whole lotta wholesalin' goin' on

12:01 am U.S. ET | April 27, 2015

Soaring new-vehicle sales for the last few years mean that used vehicles are more plentiful. Dealers have become more selective about the vehicles they stock, and more willing to wholesale the ones they cull.... Read More »

SHANGHAI AUTO SHOW: PRICED TO SELL

China's cheap car strategy for the U.S.

12:01 am U.S. ET | April 27, 2015

Wu Song, boss of China's Guangzhou Automobile, says his cars need to be 30 percent cheaper than rivals to make it in America. If everything goes his way, GAC will test his pricing strategy with the U.S. launch of its GS4 crossover in 2017.... Read More »

GABE NELSON

Auto industry should cheer Tesla Motors' battery play

12:01 am U.S. ET | April 27, 2015

When it unveils its first batteries for homes and businesses this week, Tesla Motors will no longer be a car company. It will be an energy company, competing against electric utilities just as it has gone after the car market.... Read More »

CHRIS KUKLA

Troubling practices need attention now

12:01 am U.S. ET | April 27, 2015

Recognizing the proliferation of troubling practices that mirror the precrash mortgage market is important because these practices deserve attention now.... Read More »

LENDING DEBATE

Will the rise in subprime lending lead to crisis? Two experts weigh in

12:01 am U.S. ET | April 27, 2015

We asked two experts to weigh in on whether or not subprime loans are worrisome.... Read More »

JESSE SNYDER

States' varying auto insurance rates play with the car-buying equation

12:01 am U.S. ET | April 27, 2015

Want $7,700 more to spend on a new car? Move from Michigan to Maine before you insure it.... Read More »

BEST PRACTICES

Small VW store delivers top customer ratings

12:01 am U.S. ET | April 27, 2015

Attention to detail and personal contact by the owners of a small, 50-year-old Volkswagen dealership in rural Pennsylvania helped it earn the brand's top scores for customer satisfaction in 2014.... Read More »

AM General has big plans for MV-1 wheelchair vans

12:01 am U.S. ET | April 27, 2015

AM General earned a name for itself building vehicles for other people: the original Humvee for military customers and the Hummer H2 SUV for General Motors. Now, AM General is trying to make a reputation as an original equipment manufacturer in its own right, building and selling the Mobility Ventures MV-1 wheelchair accessible van.... Read More »

'RATIONAL EXUBERANCE'

Industry revels in good times but manages to avoid overdoing it

12:01 am U.S. ET | April 27, 2015

There are many signs suggesting the U.S. auto industry is on a positive, sustainable track, but perhaps the most reassuring sign is the kind of caution that dealers and manufacturers are showing amid the boom.... Read More »

Audi tests 2 car-sharing concepts in U.S.

12:01 am U.S. ET | April 27, 2015

Audi On Demand is a car sharing pilot in San Francisco where consumers book an Audi rental from a smart phone app, and a concierge delivers and picks up the car. Audi at Home in Miami will place Audis at high-end condo buildings for residents to use as perk.... Read More »

To EV or not to EV: The China question

12:01 am U.S. ET | April 27, 2015

As automakers race to comply with China's increasingly stringent emissions rules, they are conflicted about the best electric-vehicle strategy and about whether the Beijing government is sufficiently supporting its avowed desire to see more EV sales.... Read More »

Recalled program cars vex GM, hurt profits

12:01 am U.S. ET | April 27, 2015

Late last year, General Motors decided to hold off on auctioning many of its retired rental vehicles because of depressed prices. But lower prices on the sale of program vehicles - those that the automaker took back after they were retired from rental fleets - hurt GM's first-quarter operating profit by about $400 million, the company said.... Read More »

Google prods stores to ease mobile shopping

12:01 am U.S. ET | April 27, 2015

Google nudged dealerships last week to make their websites friendly to users of smartphones and other mobile gadgets. The giant search engine, a key cog in most dealerships' marketing strategies, changed its search formula or algorithm.... Read More »

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