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Buffett says Berkshire's job is to perform, grow in auto retail

11:16 am U.S. ET | March 2, 2015
With Berkshire Hathaway's purchase of the Van Tuyl Automotive dealership group materially complete, Warren Buffett already is looking toward how to expand his company’s dealership holdings.... Read More »

 

ElringKlinger may cancel EV contract

March 2, 2015 15:14 CET
German supplier ElringKlinger says it may terminate a contract to supply a major customer with components for electric cars to halt continued losses at its E-Mobility business.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Check out the ANE e-magazine for March

March 2, 2015 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, March 2. This month's edition looks why ultraluxury brands such as Bentley, Lamborghini, Rolls-Royce and Maserati are poised to keep experiencing unprecedented success.... Read More »

 

'Mazda was his baby': Dick Brown helped lead U.S. launch

12:01 am U.S. ET | March 2, 2015
Retired auto executive Dick Brown played key roles in the U.S. launches of three automakers: Mazda, DeLorean Motor Co. and Daihatsu.... Read More »

 

Mr. K, hero of the Datsun dealer

12:01 am U.S. ET | March 2, 2015
Yutaka Katayama, the fabled Nissan executive who built the Datsun brand in the western United States in the 1960s and 1970s, returned to a largely ungrateful Nissan in Japan in 1977 to finish out his career. He was most proud of the extensive dealer body he built from the ground up. And he was revered by those American dealers because he fought for them, frequently pestering Nissan bosses in Japan with their wishes and demands.... Read More »

 

LETTER TO THE EDITOR

Dealer considered 'Mr. K' a true leader

12:01 am U.S. ET | March 2, 2015
As a second-generation automobile dealer, I have seen firsthand the unfortunate transition from cars designed for people to enjoy driving, having a unique experience, to cars built by the finance side.... Read More »

 

DeLorean took Brown on a wild ride

12:01 am U.S. ET | March 2, 2015
Dick Brown, who died in January at age 81, and for whom a memorial service was held last week in California, was a key figure in Mazda's emergence in the U.S. But his most adventurous days may have been spent as a top lieutenant of John DeLorean during the former General Motors executive's effort to get the DeLorean Motor Co. up and running.... Read More »

 

Diess a shoo-in for VW CEO? Not so fast

12:01 am U.S. ET | March 2, 2015
When Volkswagen poached Herbert Diess from BMW in December, the 56-year-old product development ace became the front-runner to succeed Martin Winterkorn as CEO. But it ain't over till it's over.... Read More »

 

Q&A

Bentley CEO expects boost from brand's first SUV

12:01 am U.S. ET | March 2, 2015
Bentley delivered a record 11,020 cars last year around the world and it is on course to top that mark as it beats ultraluxury rivals such as Maserati, Lamborghini and Rolls-Royce to market with an SUV, the Bentayga. The Volkswagen Group subsidiary expects to increase annual sales to 20,000 by 2020 after previously targeting 15,000 deliveries by 2018.... Read More »

 

Q&A

Rolls chief confident of another record sales year

12:01 am U.S. ET | March 2, 2015
Rolls-Royce set a record by delivering 4,063 cars worldwide in 2014, and CEO Torsten Mueller-Oetvoes, 54, expects to top that total this year. Now the BMW-owned British ultraluxury brand must decide whether to stretch its prized exclusivity even further with the addition of an SUV.... Read More »

 

Futuristic, handmade Mirai represents Toyota's rebirth

12:01 am U.S. ET | March 2, 2015
Toyota Motor Corp.'s most advanced vehicle has had a decidedly low-tech birth and has an equally ironic birthday. Feb. 24, the start of production of the Mirai fuel cell sedan, was exactly five years after President Akio Toyoda was hauled before a U.S. congressional panel and given a humiliating grilling about his company's unintended acceleration recalls. The date was no accident. The Mirai symbolizes both Toyota's rebirth from that crisis and a return to its roots.... Read More »

 

Globetrotting Hachigo lands at the top of Honda

12:01 am U.S. ET | Feb. 28, 2015
The consensus-driven leadership style of Honda CEO-designate Takahiro Hachigo could bring a sense of closure and cohesion to the automaker after a tumultuous era marred by economic crises, natural disasters and quality glitches.... Read More »

 

Dodge dealers called out for 'unscrupulous' Hellcat sales practices by FCA exec

9:32 pm U.S. ET | Feb. 27, 2015
Fiat Chrysler has taken the unusual step of warning some of its most enthusiastic customers -- about some of its dealers. At issue is outsized consumer demand for the 2015 Dodge Charger and Challenger SRT Hellcats and dealer practices that the company says are “unscrupulous” and perhaps illegal.... Read More »

 

Former BMW exec Diess starts as VW brand boss in July

Feb. 27, 2015 16:20 CET
Former BMW executive Herbert Diess will take charge of Volkswagen's core brand from Martin Winterkorn three months earlier than planned, VW said.... Read More »

 

Marchionne raises FCA stake as Ferrari spinoff nears

Feb. 27, 2015 13:53 CET
Fiat Chrysler Automobiles CEO Sergio Marchionne has increased his voting stake in FCA to nearly 1 percent after raising his shareholding in the company by 2.3 million common shares to 14.4 million as the automaker readies to spin off Ferrari.... Read More »

 

Auto safety advocate's work on airbags goes back to 1996

1:51 pm U.S. ET | Feb. 27, 2015
David Kelly, the former acting chief of the National Highway Traffic Safety Administration, was hired this week to oversee the 10-automaker consortium searching for the root cause behind Takata airbag explosions. But this isn't the first time that Kelly has had to deal with airbags endangering lives they're designed to save.... Read More »

 

VW Group reports record profit on Audi, Porsche gains

Feb. 27, 2015 15:56 CET
VW Group said its operating profit rose 8.8 percent to a record 12.7 billion euros ($14.25 billion) last year on double-digit gains in sales of luxury Audi and Porsche models. The company said its sales revenue rose 2.8 percent to a new high of 202.5 billion euros.... Read More »

 

Group 1 names banker Doyle Arnold to its board

12:51 pm U.S. ET | Feb. 27, 2015
Group 1 Automotive has named a new director to its board seven days after another director resigned. The retailer said today its board of directors appointed Doyle Arnold, 66, as a Class I Director, effective immediately.... Read More »

 

GM retrenches in Thailand after Indonesia retreat

11:24 am U.S. ET | Feb. 27, 2015
A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors today said it would cease production of its Chevrolet Sonic in Thailand by the middle of this year.... Read More »

 

Mazda launches CX-3 small SUV, bets on diesel-only car for Japan

7:30 am U.S. ET | Feb. 27, 2015
The Mazda CX-3 compact crossover went on sale in Japan today with the carmaker offering a 1.5-liter diesel engine as the nameplate's only powerplant. That won't happen in the US, says chief engineer Michio Tomiyama: “In America, it will be only gasoline.”... Read More »

 

ANE's March e-magazine goes live Monday

Feb. 27, 2015 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, March 2. This month's edition looks why ultraluxury brands such as Bentley, Lamborghini, Rolls-Royce and Maserati are poised to keep experiencing unprecedented success.... Read More »

 

Nissan expects to reach 10% U.S. share goal ahead of schedule

9:15 pm U.S. ET | Feb. 26, 2015
Nissan North America Chairman Jose Munoz outlined a four-prong capacity expansion plan that could power Nissan to its 10 percent U.S. market share goal ahead of schedule. He also said he targets increased North American operating profit margin of at least 8 percent, thanks to an influx of high-margin nameplates such as the Murano crossover and Maxima sedan.... Read More »

 

Federal-Mogul delays split into two public companies

9:58 am U.S. ET | Feb. 26, 2015
Federal-Mogul, the powertrain and aftermarket parts supplier controlled by Wall Street investment mogul Carl Icahn, said this week it will delay a prior plan to split into two separate public companies during the first half of this year.... Read More »

 

Lada proves popular in Crimea's vacated car market

Feb. 26, 2015 13:40 CET
Lada, Russia's biggest car brand, has become a favorite in Crimea after its annexation by Vladimir Putin's government. The first official Lada dealership opened in October and local customers are now ordering up to 300 cars a month, compared with the 155 sold in 2013, when Crimea was part of Ukraine.... Read More »

 

GM cuts capacity, jobs in Indonesia, where Japanese dominate

7:32 am U.S. ET | Feb. 26, 2015
General Motors is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to SUVs.... Read More »

 

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