LaSorda, Penske launch venture fund for tech startups 1:00 pm U.S. ET | May 23, 2013  Tom LaSorda, the former CEO of Chrysler and Fisker Automotive, has started a new venture capital fund -- with investors that include auto racing and retailing executive Roger Penske -- that will invest in startup companies in health care, clean energy, transportation, information technology, software and applications.... Read More »
First Shift: A Chevy EV for $20K 12:01 am U.S. ET | May 23, 2013  Spark to lease for $199 a month; Ford closing Aussie sites; probe reaches ex-Saab chair Muller; Snyder: Mixing cars, politics.... Read More »
GM prices Chevy Spark EV below $20,000 after tax credits 12:01 am U.S. ET | May 23, 2013  GM will price its new Chevrolet Spark electric vehicle at $27,495, including destination charges and before federal tax credits, placing it among the cheapest EVs on the market.... Read More »
Tesla and Chrysler trade barbs about paying back Uncle Sam 3:34 pm U.S. ET | May 23, 2013  Tesla CEO Elon Musk took to Twitter today to respond to Chrysler's barb that Tesla wasn't the first American automaker to repay the federal government for aid.... Read More »
Experian vehicle history reports to appear in AutoTrader.com starting in September 3:46 pm U.S. ET | May 23, 2013  Starting in September, dealers will be allowed to post used vehicles on AutoTrader.com with Experian Automotive's AutoCheck vehicle history reports in addition to reports from Carfax.... Read More »
Ally to pay ResCap $2.1 billion to settle creditor claims 2:30 pm U.S. ET | May 23, 2013 Ally Financial, the auto lender majority-owned by the U.S. government, agreed to pay $2.1 billion to avoid lawsuits related to its bankrupt mortgage unit, Residential Capital.... Read More »
NICK GIBBS Why Victor Muller has painful memories of running Saab 12:01 am U.S. ET | May 23, 2013  Reports say Sweden wants to question former Saab Chairman Victor Muller about suspected tax offenses. Muller defended payments he received from the automaker in a recent interview and talked about how he has moved on from Saab.... Read More »
NY court bedevils Nissan's taxi deal 2:17 pm U.S. ET | May 23, 2013  Five months before Nissan is to begin rolling its yellow taxis onto the streets of New York City, the state's supreme court has ruled one element of the deal "null, void and unenforceable."... Read More »
NICK GIBBS Muller says Saab period was painful 12:01 am U.S. ET | May 23, 2013  Reports say Sweden wants to question former Saab Chairman Victor Muller about suspected tax offenses. Muller defended payments he received from the automaker in a recent interview and talked about how he has moved on from Saab.... Read More »
MAY U.S. AUTO SALES U.S. auto sales will bounce back this month, forecasters say 11:55 am U.S. ET | May 23, 2013  May auto sales in the United States are expected to rebound from an April slowdown, easing concerns of another spring swoon, forecasters said. The light-vehicle seasonally adjusted annual selling rate for this month will be 15.2 million, both LMC Automotive/JD Power and Associates and TrueCar.com predicted today.... Read More »
Former Saab Chairman Muller to be summoned in tax inquiry, report saysMay 23, 2013 09:34 CET  A Swedish prosecutor wants to question former Saab Automobile Chairman Victor Muller as part of an inquiry into suspected tax offenses at the automaker, a Swedish newspaper reported.... Read More »
GM recalls more than 27,000 Cadillac SRXs with possible wheel issue 12:01 am U.S. ET | May 23, 2013  General Motors is recalling worldwide more than 27,000 Cadillac crossover vehicles whose wheels could fall off due to potentially loose wheel nuts.... Read More »
Small BMW team rethought electric cars for huge citiesMay 23, 2013 06:01 CET  Nearly six years ago, BMW's Project i began to position the automaker for the future. Project i chief Ulrich Kranz explained how the idea of a carbon-body car for megacities emerged from his team.... Read More »
Lamborghini's Egoista concept highlights edgy designMay 23, 2013 06:01 CET  The Lamborghini Egoista concept shown earlier this month at the company's 50th anniversary celebration in Bologna, Italy, isn't planned for production, but it does have a purpose: countering critics who think Lamborghini has lost some of its design edginess.... Read More »
Nissan will recall 841,000 vehicles globally due to steering wheel glitchMay 23, 2013 09:44 CET  Nissan will recall about 841,000 vehicles worldwide, including UK-built Micra subcompacts, as a result of a steering wheel glitch that could result in a loss of steering. The automaker said no accidents have been reported.... Read More »
European carmakers shares decline on weakening China manufacturingMay 23, 2013 11:04 CET Volkswagen, PSA and Renault shares all dropped 5 percent or more after preliminary data showed Chinese manufacturing is unexpectedly contracting.... Read More »
Ford to shutter Australia car, engine plants in 2016May 23, 2013 06:01 CET  Ford will close its Australian car and engine assembly plants in 2016, ending almost nine decades of manufacturing in the country.... Read More »
Marchionne will face gov't pressure to commit to ItalyMay 23, 2013 06:01 CET  The Italian government plans to meet with Fiat CEO Sergio Marchionne over concerns he's shifting the carmaker and heavy truck manufacturer Fiat Industrial away from the country. Fiat Industrial plans for tax purposes to have its fiscal headquarters in the UK, but Fiat has said a move for the carmaker is not on its agenda at the moment.... Read More »
2013 RISING STARS Automotive News Europe salutes David CoxMay 23, 2013 06:01 CET  Automotive News Europe salutes the winners of the 2013 Rising Stars awards. Every day until June 12 one of the 18 winners will be featured. Today's Rising Star is David Cox, chief operating officer at digital retail marketing specialist Motortrak.... Read More »
Ford to shutter Australia car, engine plants in 2016 8:04 pm U.S. ET | May 22, 2013  Ford, citing high operating costs, falling sales and financial losses, will close its Australian car and engine assembly plants in 2016, ending almost nine decades of manufacturing in the country. Ford, the smallest of the country's three manufacturers after Toyota and GM, will shut its assembly plant in Broadmeadows in northern Melbourne and an engine plant in Geelong to the west of the city, Ford Australia CEO Bob Graziano said.... Read More »
Tesla pays back balance of DOE loan 10:48 am U.S. ET | May 22, 2013  Tesla Motors said it paid off the entire balance of its federal government loan given as part of a Department of Energy program to spur development of alternative energy vehicles.... Read More »
AutoNews Now: Seeking store-closure data 12:01 am U.S. ET | May 22, 2013  Lawmakers dig into fairness of '09 dealer shutdowns; GM treasury group to leave NY for Motown; Harbaugh moves from field to track... Read More »
First Shift: Heating up Ford production 12:01 am U.S. ET | May 22, 2013  Another Detroit automaker scales back summer shutdowns; VW tackles diesel goofs; Hyundai markets to 'second screen.'... Read More »
Michael Stanton, longtime D.C. advocate for automakers, to retire in 2014 11:50 am U.S. ET | May 22, 2013  Michael Stanton, a longtime lobbyist and a driving force for automakers in public policy, plans to retire as president and CEO of the Association of Global Automakers in early 2014.... Read More »
Gentex CFO leaves but will work with supplier as consultant 4:02 pm U.S. ET | May 22, 2013 Gentex, a maker of rearview mirrors and electronics parts, said its CFO and vice president of finance has left the company but will remain a consultant with the supplier.... Read More »
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