PeopleMarchionne said to be finalizing Fiat-Chrysler refinancingJune 14, 2013 15:47 CET  Fiat-Chrysler CEO Sergio Marchionne is closing in on refinancing deals for both automakers ahead of a plan to merge the two companies.... Read More »
GM's Barra cuts costs, emerges as CEO contender 12:01 am U.S. ET | June 14, 2013  Mary Barra is a corporate survivor who has played a role in the soap opera of GM management for a generation, emerging on a very public stage as the leader of the company's $15 billion vehicle development operations -- a role that will largely determine the success or failure of the company for a decade or more. Her efforts to cut costs and change GM's culture have put her in contention to be the next CEO.... Read More »
NUTS & BOLTS Audi is cheaters' top choice, says UK Web siteJune 14, 2013 06:01 CET  Audi seems to be suffering from declining loyalty -- or rather, the spouses of Audi owners may be.... Read More »
Supplier IAC files for $115 million IPO 7:36 pm U.S. ET | June 14, 2013  International Automotive Components Group, backed by billionaire U.S. investor Wilbur Ross, filed with U.S. regulators on Friday to raise up to $115 million in an initial public offering of common stock.... Read More »
AutoNation's largest shareholder reduces stake to 32% 12:40 pm U.S. ET | June 14, 2013  AutoNation's largest shareholder, Edward Lampert, has reduced his stake in the nation's biggest dealership group to meet client redemptions from his main hedge fund.... Read More »
Marchionne said to be finalizing Fiat-Chrysler refinancing deals 9:47 am U.S. ET | June 14, 2013  Chrysler-Fiat CEO Sergio Marchionne is closing in on refinancing deals for both automakers ahead of a plan to merge the two companies, people familiar with the matter told Bloomberg.... Read More »
Ford CFO's sustainability call shows profit part of green push 11:06 am U.S. ET | June 14, 2013  Ford CFO Bob Shanks' call today concerning the automaker's sustainability efforts shows that going green is falling into the laps of those who control purse strings at more of the world's largest companies.... Read More »
Akerson: GM's bailout era is overJune 14, 2013 06:01 CET  GM executives eager to shed the stigma of government ownership got two doses of welcome news ahead of last week's annual shareholders' meeting. First, Standard & Poor's said that GM would rejoin its S&P 500 stock market index for the first time since before GM's 2009 bankruptcy, boosting the share price. That prompted the U.S. Treasury Department to sell 30 million shares in a public offering, and the UAW's GM retiree health care trust to unload 20 million shares.... Read More »
VW Group sales up 7% in May on China, U.S. demandJune 14, 2013 10:59 CET  VW says global group sales rose 7 percent to 816,500 in May as strong demand in China and the United States continued to help offset weaker deliveries in European markets.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Tech edge, global reach help European suppliers, CLEPA boss saysJune 14, 2013 06:01 CET  Europe is in a deep slump but the head of the region's suppliers group says many partsmakers are growing their businesses because of their global footprints. Another key for Europe's component makers is to maintain their lead on technology, CLEPA CEO Jean-Marc Gales says.... Read More »
Lutz on Wagoner: Smart, didn't make tough callsJune 14, 2013 06:01 CET  Bob Lutz and Rick Wagoner were cut from different management cloth, according to Lutz in his new book, ICONS AND IDIOTS: Straight Talk on Leadership. Lutz, as General Motors vice chairman, relied heavily on his instincts, while Wagoner, as GM CEO, was deeply data driven. The two executives didn't always see eye to eye, but they did get along.... Read More »
2013 AUTOMOTIVE NEWS EUROPE CONGRESS Peugeot will double output of 2008 small SUVJune 13, 2013 07:36 CET  Peugeot will double production of the 2008 small SUV in France to meet high demand, brand head Maxime Picat said. The model is expected to topple the Nissan Juke from its No.1 position in the segment.... Read More »
Ford studies new models to drive Lincoln revival 3:48 pm U.S. ET | June 13, 2013  Ford may develop new models for Lincoln in fast-growing vehicle segments as part of the automaker's latest attempt to revive the struggling luxury brand and boost its profits. The company did not specify which vehicle segments it was targeting. But in a presentation to investors on Thursday, Ford showed in a chart that it expects the premium small-car and crossover segments to grow sharply by 2015.... Read More »
Porsche unveils its Le Mans prototypeJune 13, 2013 10:50 CET  Porsche has unveiled its first challenger for outright honors at the 24 Hours of Le Mans for 16 years. The Porsche LMP1 gasoline hybrid prototype has been tested at the carmaker's Weissach test track in Germany ahead of its entry in the famous race next year.... Read More »
VW bond sale is not preparation for further takeovers, report saysJune 13, 2013 09:28 CET  Volkswagen's second bond sale in seven months aims to bolster finances strained by takeovers, rather than readying the group to add further acquisitions to its 12-brand portfolio, sources close to the German automaker said.... Read More »
Daimler's Zetsche sees improved Q2 earnings on cost reductions at MercedesJune 12, 2013 14:04 CET  Daimler CEO Dieter Zetsche says earnings have improved in the second quarter on demand for new models and faster-than-anticipated cost reductions at the Mercedes-Benz car unit. The automaker aims to reduce spending by 2 billion euros ($2.66 billion) by the end of next year, with 60 percent of the savings to be achieved in 2013.... Read More »
Mercedes rolls out S class as Bernhard is replaced by Renschler as production bossJune 12, 2013 20:50 CET  Daimler's new Mercedes-Benz S-class sedan rolled off the assembly line for the first time, coinciding with the first appearance of another important newcomer -- the company's head of production for Mercedes.... Read More »
For Lincoln dealers, fine cheese and Jason Bourne hold key to brand makeover 1:11 pm U.S. ET | June 12, 2013  Ford is spending more than $1 billion to try to resurrect the Lincoln brand and it knows it needs not just better cars, but a luxury car-buying experience that will attract younger, better-educated and wealthier buyers. So it's putting its dealers through training at the Lincoln Academy, where they raise their consciousness and sharpen their senses with exercises including sampling cheese.... Read More »
GM targeting investment grade rating 'within a year' 2:14 pm U.S. ET | June 12, 2013  General Motors said it is targeting an investment grade credit rating "within the year" as the Detroit automaker works to distance itself from the stigma of its 2009 bankruptcy.... Read More »
Eaton CEO: We're not selling auto unit 3:56 pm U.S. ET | June 12, 2013  Engine supplier Eaton Corp.'s top executive today strongly denied a report that the company is considering a sale of its automotive business.... Read More »
Toyota's incoming chairman covets Supra-like sports car 9:19 am U.S. ET | June 12, 2013  Toyota's incoming chairman said he wants the sports car the company is developing with BMW to be a mid-sized vehicle comparable to the discontinued Supra.... Read More »
Mercedes rolls out S-class as production boss takes charge 2:50 pm U.S. ET | June 12, 2013  Daimler's new Mercedes-Benz S-class sedan rolled off the assembly line for the first time today, coinciding with the first appearance of another important newcomer -- the company's head of production for Mercedes.... Read More »
2013 AUTOMOTIVE NEWS EUROPE CONGRESS Audi sales boss calls for global car-to-car data standardJune 12, 2013 17:00 CET  Audi sales boss Luca de Meo wants the European auto industry to lead the way when it comes to creating a common global standard for car-to-car and car-to-infrastructure data communication.... Read More »
2013 AUTOMOTIVE NEWS EUROPE CONGRESS BMW has 100,000 waiting to test i3, sales boss saysJune 12, 2013 11:58 CET  BMW has about 100,000 reservations from around the world from people who want to test its first electric vehicle, sales boss Ian Robertson said, adding that the automaker has "significant numbers of deposits" for the car.... Read More »
Toyota doubts it will regain U.S. market share peak 7:56 am U.S. ET | June 12, 2013  Toyota said it is unlikely to recapture its peak market share it held four years ago in the United States, its biggest market, the latest sign the Japanese carmaker is shifting from aggressively expanding sales to improving quality.... Read More »
|
Special Report
 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
- ALL POSITIONS
Don Davis Dealerships, Inc. -- Lake Jackson, Texas, United States - Service Manager
Performance Toyota -- Memphis, Tennessee, United States
News by Brand
