ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investors

March 30, 2015 09:14 CET

The chairman of China National Chemical Corp (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange. A counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy, he warned.... Read More »

Volvo plans $500 million U.S. assembly plant

12:30 am U.S. ET | March 30, 2015

Volvo will spend about $500 million to build its first assembly plant in the U.S. as part of an ambitious plan to jumpstart lagging sales. The company said it has identified potential locations for the factory but that the site selected and size of the final investment will be disclosed at a later date, without providing more details.... Read More »

Lincoln to bring back Continental name

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

Lincoln is resurrecting the Continental name and phasing out the brand's signature split-wing grille. A full-size sedan named the Continental will go on sale in North America and China in 2016. Lincoln will then discontinue the MKS, which perennially has been one of the slowest-selling cars in its segment.... Read More »

Hunt for Easter Jeep parts leads to a surprise spot

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

Jeep designers and engineers spend countless hours every year developing a series of one-off working concepts for the annual Easter Jeep Safari in Moab, Utah.... Read More »

The buzz about the Benz pickup

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

Daimler's surprise announcement that it will launch a Mercedes-Benz pickup by 2020 contained no technical details, but offered one major clue: The midsize truck will be built by the company's commercial vans division.... Read More »

How the SUV drove luxury kings to power

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

BMW, Lexus and Mercedes climbed to unimagined heights in the United States after agreeing to go where luxury makers once feared to go: the grubby world of mud-spattered trucks.... Read More »

FCA dealers strain to deliver 5-year winning streak

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

Fiat Chrysler will achieve five full years of U.S. monthly sales gains — if it can post an increase for March. The streak has been propelled by daunting sales goals set for each dealership. For a typical mid-sized store, about $100,000 of net profit is in play each month.... Read More »

Back to 2007 market share, but with one big difference

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

When its string of consecutive monthly year-over-year sales gains began in April 2010, what is now Fiat Chrysler was, literally, a different company.... Read More »

Big year shapes up for Jeep's global expansion

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

With the first Italian-made Jeep, the Renegade subcompact SUV, rolling into U.S. dealerships this month, brand head Mike Manley says global expansion will continue this year, with new plants in Brazil and China.... Read More »

Caddy previews top-down strategy

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

Here's a question that will hang over Cadillac's unveiling of the CT6 sedan in New York this week: Why is a brand so badly in need of a sales boost fixated on all that low-volume sheet metal?... Read More »

Toyota's better cars get better plants

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

Toyota Motor Corp., which made "lean manufacturing" a global buzzword, is about to unleash a new wave of ultraefficient assembly plants. The streamlining -- which will slash capital investment costs, lead times and even the overall size of future factories -- will underpin a new generation of modularized product platforms.... Read More »

Ex-dealership staffers face prison

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

Several former sales staffers at a Birmingham, Ala., Nissan store face federal prison time as part of a federal crackdown on fraudulent practices in car dealerships.... Read More »

UAW delegates demand higher pay

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

To say the UAW rank and file's expectations for more pay are high would be an understatement. Delegates at last week's UAW bargaining convention, the unofficial opening of negotiations with the Detroit 3, demanded that the car companies return to workers what they sacrificed before and during the recession.... Read More »

New Chevy ads elevate 'focus groups'

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

Chevrolet this week will roll out a major advertising campaign, doubling down on the spoofy "focus group" imagery it has used in its rollout of the Colorado pickup. Chevy will launch the "Real People, Not Actors" campaign in a series of media buys and dealer briefings planned across the country.... Read More »

Automotive News wins Grand Neal Award for GM recall reports

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

Automotive News has won the Grand Neal Award for its coverage of the General Motors ignition-switch recall crisis. The Grand Neal, given by the Association of Business Information and Media Companies, marks the pinnacle of achievement in business-to-business media.... Read More »

Aston Martin tells Porsche: Fine, we will lose GT3 name

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

Porsche has wiped some of the shine off Aston Martin's Geneva auto show unveil of the track-focused, limited-edition Vantage GT3 by claiming trademark ownership of the GT3 name, which it uses for hard-core versions of its 911 sports car.... Read More »

Porsche’s Mueller: ‘Not too old’ for CEO job

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

Open campaigning for CEO jobs at automakers rarely occurs, but Porsche CEO Matthias Mueller says he’s young and fit enough to be a candidate to succeed Martin Winterkorn as head of Volkswagen Group.... Read More »

LUCA CIFERRI

While others stand up, Italy stands aside

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

Formula One tire supplier Pirelli will have a Chinese owner.... Read More »

Delphi's driverless cross-country adventure

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

In 1903, a 31-year-old physician named Horatio Nelson Jackson journeyed from San Francisco to New York in a Winton touring car, the first motor car to traverse the U.S.... Read More »

Winterkorn: Complacency cost VW in U.S.

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

Speaking to a German car magazine, VW Group CEO Martin Winterkorn acknowledged his team became complacent after the initial success of VW's Chattanooga-built Passat.... Read More »

Tesla’s Model X hits the streets

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

Tesla’s Model X crossover, which goes on sale this summer, was spotted testing near the company’s Palo Alto, Calif., headquarters.... Read More »

Chevy, supplier tweak Volt battery pack for more range

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

To boost the 2016 Chevrolet Volt's electric-only driving range to 50 miles from 38 on the outgoing first-generation car, engineers reduced the number of cells in the battery pack by about a third, to 192 from 288.... Read More »

Spy photos hint at Dodge minivan

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

The next Fiat Chrysler minivan is supposed to be badged a Chrysler, but spy photographers have snapped pictures of a minivan prototype that appears to be a Dodge.... Read More »

Chevy plans hybrid version of '16 Malibu

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

Chevrolet will offer a full-hybrid version of the redesigned Malibu that debuts this week at the New York auto show.... Read More »

Mercedes GLC crossover sheds GLK box

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

The Mercedes-Benz GLC that goes on sale in the fourth quarter will be roomier and more rounded than the GLK it replaces.... Read More »

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