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Hyundai unions plan more strikes to protest $10B land deal

6:44 am U.S. ET | Sept. 26, 2014
Workers at Hyundai Motor Group pledged more strikes as the two carmakers and their biggest supplier finalized a $10 billion purchase of plum real estate in Seoul's ritzy Gangnam district for a new headquarters.... Read More »

 

EDITORIAL

Cadillac's next move

8:48 am U.S. ET | Sept. 26, 2014
If moving Cadillac headquarters to New York is a substitute for greater investment, it's bound to fail. But if it's the start of a long-term commitment to develop an independent global perspective, Cadillac may flourish in the Big Apple.... Read More »

 

GM debt bumped up to investment grade by S&P

4:54 pm U.S. ET | Sept. 25, 2014
General Motors' corporate debt was raised by Standard & Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization.... Read More »

 

THE GM RECALL

GM ignition-switch victim's family to accept compensation offer, lawyer says

1:43 pm U.S. ET | Sept. 25, 2014
The family of at least one victim killed in a General Motors vehicle with a faulty ignition switch will accept an offer from a program set up to provide compensation for crash injuries and deaths, a lawyer for the family said today.... Read More »

 

Barra lands on Time cover and back in the spotlight

1:34 pm U.S. ET | Sept. 25, 2014
After months of blistering criticism, lampoons and scrutiny of General Motors, CEO Mary Barra is venturing back into the media spotlight after an initial rush of positive publicity early this year when she became the first female CEO of a major automaker. Barra made appearances in New York this week, and today she is the subject of Time magazine's cover story.... Read More »

 

Renault-Nissan rethinks EV battery strategy

Sept. 25, 2014 06:01 CET
The Renault-Nissan alliance is reviewing its in-house battery production. Renault-Nissan CEO Carlos Ghosn says that the alliance will buy batteries from external suppliers rather than relying nearly exclusively on those made internally.... Read More »

 

Report faults Treasury on 'excessive' post-bailout pay at GM, Ally

12:13 pm U.S. ET | Sept. 24, 2014
Top executives at General Motors and Ally Financial received excessive compensation after receiving bailout funds from the U.S. Treasury in 2009, according to a Treasury special inspector general report released today.... Read More »

 

2014 PARIS AUTO SHOW

Audi reveals open-air TT with faster, lighter top

Sept. 24, 2014 19:53 CET
Audi says the softtop on its new TT Roadster is lighter and opens faster than on the model it will replace. Audi revealed a photo of the cabriolet Wednesday ahead of its public debut at the Paris auto show next week.... Read More »

 

GM compensation fund makes first offers to victims, receives more claims

6:09 pm U.S. ET | Sept. 24, 2014
The fund created to compensate for deaths or injuries linked to General Motors vehicles with faulty ignition switches this week made its first cash offers to about 15 people, the office of the lawyer overseeing the program said on Wednesday.... Read More »

 

Mazda ponders designer goods line in upscale push

11:42 am U.S. ET | Sept. 24, 2014
Does Mazda have enough brand cachet to market designer goods -- such as gadgets, apparel and furniture -- as luxury marques such as Porsche have done?... Read More »

 

Top Chinese official accused of taking bribes from Toyota JV

11:06 am U.S. ET | Sept. 24, 2014
A senior official with China's economic planning ministry and his son took bribes from a Guangzhou carmaker, including kickbacks for helping approve the opening of a Toyota dealership, a Chinese prosecutor said today.... Read More »

 

BMW names former Audi exec to lead high-performance M unit

Sept. 24, 2014 06:01 CET
BMW has appointed Franciscus "Frank" van Meel as head of its M in-house performance unit. Van Meel ran Audi's quattro division until April of this year.... Read More »

 

2014 PARIS AUTO SHOW

Toyota concept shows Europe-led design shift

Sept. 23, 2014 06:01 CET
Toyota turned to its styling center in southern France to create the C-HR concept that will be displayed in Paris next week. Toyota says the hybrid crossover hints at what it intends to bring to the compact SUV segment.... Read More »

 

Audi, Chevy, Lincoln plan bigger marketing outlays to support '15 launches

9:08 pm U.S. ET | Sept. 23, 2014
Several major auto brands will boost their marketing budgets next year to support busy model launch schedules, a group of executives said at the Automotive News Marketing Seminar in New York on Tuesday.... Read More »

 

GM creates product cybersecurity post

5:34 pm U.S. ET | Sept. 23, 2014
General Motors hired its first product cybersecurity chief in a move designed to address the growing challenge of providing safe, secure and reliable technology in vehicles.... Read More »

 

GM says it will move Cadillac headquarters to New York

9:09 am U.S. ET | Sept. 23, 2014
General Motors today confirmed plans to move its Cadillac brand headquarters to New York next year in a move to remake the luxury marque's image and broaden its appeal outside North America.... Read More »

 

Detroit automakers vs. Hollywood filmmakers for top digital design talent

1:03 pm U.S. ET | Sept. 23, 2014
When it comes to hiring hot young car designers, Detroit's automakers face tough competition from an unlikely but glamorous source: Hollywood.... Read More »

 

Hyundai, Kia unions plan partial strikes after $10 billion land deal

7:06 am U.S. ET | Sept. 23, 2014
Labor unions at Hyundai Motor and affiliate Kia Motors are planning partial strikes after a record $10 billion bid to buy property in Seoul's Gangnam district.... Read More »

 

Lotus CEO 'confident' he can return brand to profit

Sept. 23, 2014 06:01 CET
New Lotus CEO Jean-Marc Gales says he's “confident” he can make the money-losing brand profitable again by cutting jobs, adding dealers and boosting the sports car maker's lineup.... Read More »

 

Cadillac names European exec Jim Bunnell as U.S. sales chief

2:31 pm U.S. ET | Sept. 22, 2014
Cadillac named Jim Bunnell as its new sales chief in the United States today as the brand looks to improve sluggish volume and implement a fresh approach under new global boss Johan de Nysschen. Bunnell, 59, who joined General Motors in 1979 and spent most of his career in sales and product planning roles at Pontiac and GMC, becomes the fourth head of Cadillac sales in a little more than two years.... Read More »

 

New Cadillac boss dusts off Audi playbook, pushes autonomy

12:01 am U.S. ET | Sept. 22, 2014
Johan de Nysschen believes the people who work at Cadillac can't just make cars to rival BMW and Mercedes -- they need to think like those juggernaut brands, too. Cadillac's new global chief wants to create an identity that stands apart from parent GM, starting with a no-apologies pricing strategy that he acknowledges could leave some loyal customers behind.... Read More »

 

THE GM RECALL

Deaths linked to GM ignition-switch defect rise to 21, Feinberg says

1:59 pm U.S. ET | Sept. 22, 2014
The number of deaths linked to a faulty ignition switch in General Motors vehicles rose by two last week to 21, according to a report today from a lawyer overseeing a program to compensate victims of accidents caused by the recalled part.... Read More »

 

Hyundai directors kept in dark on size of $10 billion land bid, report says

10:56 am U.S. ET | Sept. 22, 2014
Hyundai Motor and two affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.... Read More »

 

ZF-TRW 'playing in a new league'

12:01 am U.S. ET | Sept. 22, 2014
ZF's acquisition of TRW will put the German company in an elite group: Megasuppliers able to feed automakers' growing appetite for collision-avoidance technology.... Read More »

 

Honda, GM crack down on certified-used rule benders

12:01 am U.S. ET | Sept. 22, 2014
Honda and GM, among others, are closely monitoring dealerships' compliance with certified used-vehicle programs -- and cracking down on rule breakers.... Read More »

 

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