People

Toyota says potential Mexico plant still far from approval

4:05 pm U.S. ET | Oct. 22, 2014
Toyota, the last major carmaker without a high-volume assembly plant in Mexico, said the group assessing whether to build a factory there is far from getting clearance from top management.... Read More »

 

Anderson named CEO at Exeter Finance

12:01 am U.S. ET | Oct. 22, 2014
Subprime auto lender Exeter Finance Corp. named Thomas Anderson its CEO, succeeding Mark Floyd, who will continue to serve on the company's board of directors.... Read More »

 

CHRISTIAAN HETZNER

Why Daimler doesn't share investors' love affair with Tesla

9:14 am U.S. ET | Oct. 22, 2014
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. On Tuesday, Daimler decided to cash out on its 4 percent stake for the price of $780 million.... Read More »

 

CHRISTIAAN HETZNER

Why Daimler doesn't share investors' love affair with Tesla

9:14 am U.S. ET | Oct. 22, 2014
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. On Tuesday, Daimler decided to cash out on its 4 percent stake for the price of $780 million in cash or about a half billion euros.... Read More »

 

Valeo's third-quarter sales rise 10% on fuel-saving technologies

Oct. 22, 2014 15:00 CET
French supplier Valeo said third-quarter sales rose 10 percent to 3.06 billion euros ($3.9 billion), boosted by demand for its fuel-saving technologies.... Read More »

 

Italy's Sogefi reports nine-month net loss of 5.8 million euros

Oct. 22, 2014 11:24 CET
Italian supplier Sogefi reported a net loss of 5.8 million euros ($7.4 million) for the first nine months of the year and said CEO Guglielmo Fiocchi would leave the company.... Read More »

 

Fiat's Wall Street trading is flat as Milan dominates

Oct. 22, 2014 11:58 CET
Fiat Chrysler Automobiles has had a flat reception on the New York Stock Exchange after its debut there last week. European trading in Milan is currently about 7 times that of Wall Street, despite FCA shifting its primary listing to the U.S.... Read More »

 

Auto industry forming consortium to fight hackers

10:01 pm U.S. ET | Oct. 21, 2014
Automakers are forming a consortium to deter hackers who might try to breach a vehicle's security system -- an effort that has gotten the blessing of federal regulators.... Read More »

 

Q&A

Wagener: Mercedes-Benz S-class coupe a design 'revolution'

12:01 am U.S. ET | Oct. 21, 2014
Gorden Wagener has been transforming Mercedes-Benz design since he took the helm as chief designer in mid-2008. His latest creation is the S-class coupe, which embodies what Wagener calls “sensual purity” and “modern luxury.”... Read More »

 

Citroen withholds new crossover from booming segment in Europe

Oct. 21, 2014 12:17 CET
Citroen's new C3-XR subcompact crossover will remain a China-only vehicle after the brand ruled out European sales of the model. Citroen says the C4 Cactus is a better fit in Europe for customers seeking a small SUV-styled vehicle.... Read More »

 

Q&A

Geely set to debut its first 'Horbury'

12:01 am U.S. ET | Oct. 20, 2014
Geely's GC9, the Chinese brand's flagship sedan set to debut at the Guangzhou auto show next month, is being touted as the first Geely developed under the design auspices of Peter Horbury.... Read More »

 

Deaths linked to GM ignition-switch defect rise to 29

11:16 am U.S. ET | Oct. 20, 2014
The program to compensate victims of a faulty ignition switch in GM vehicles has approved two new death claims, bringing the total number of deaths linked so far to the switch to 29, according to a report released on Monday by the lawyer overseeing the program.... Read More »

 

AutoNation won't up and quit 3rd parties

12:01 am U.S. ET | Oct. 20, 2014
Mike Maroone, COO of AutoNation Inc., said the dealership group intends to proceed cautiously in reducing its reliance on third-party online shopping sites.... Read More »

 

Hyundai on a quest for capacity

12:01 am U.S. ET | Oct. 20, 2014
Hyundai needs a new assembly plant to keep up with crossover demand, says U.S. boss Dave Zuchowski. Until then, Hyundai will likely get production from sibling brand Kia's factories in Mexico and Georgia.... Read More »

 

World Congress kickoff speaker: Audi's de Meo

12:01 am U.S. ET | Oct. 20, 2014
Luca de Meo, Audi AG's board member for sales and marketing, will be the opening speaker at the Automotive News World Congress on Jan. 13.... Read More »

 

Cadillac dealers feel the heat

12:01 am U.S. ET | Oct. 20, 2014
Many Cadillac retailers say they've bought into the vision of Cadillac president Johan de Nysschen, who along with other top General Motors executives sold that vision during a dealer meeting last month in Las Vegas. The meeting left them inspired by promises of an abundance of product and a management philosophy that preaches product exclusivity. But others, especially lower-volume Cadillac dealers, are worried.... Read More »

 

FIVE YEARS LATER

GM's loss, Hyundai's gain

12:01 am U.S. ET | Oct. 20, 2014
Stores targeted for closure by one troubled brand were snapped up by a rising brand.... Read More »

 

N.A. Sept. output rises 7 percent

12:01 am U.S. ET | Oct. 20, 2014
North America car and truck production in September rose 7 percent from the year-earlier month, to 1,524,207 vehicles. It marked a record 38th month in a row for production to top 1 million vehicles.... Read More »

 

LaSorda's fund finds new investor -- an old friend

12:01 am U.S. ET | Oct. 20, 2014
Dieter Zetsche's Chrysler days are long over, but he's pretty good at maintaining ties with old colleagues from Auburn Hills, Mich. The Daimler chairman is investing in the venture capital fund run by Tom LaSorda, who replaced Zetsche as Chrysler's CEO in 2006 when Zetsche returned to Germany to head Chrysler's then-parent.... Read More »

 

Hollywood comes calling for car designers

12:01 am U.S. ET | Oct. 20, 2014
Detroit's automakers face tough competition from an unlikely but glamorous source when it comes to hiring hot young car designers: Hollywood.... Read More »

 

NAMAD's 2nd film chronicles history for next generation

12:01 am U.S. ET | Oct. 20, 2014
The nation's largest minority dealership group has released the second in what it hopes will be a series of documentaries chronicling the history of minority dealers in the United States. The National Association of Minority Automobile Dealers released Making Tracks II in September, about nine years after the first installment in 2005.... Read More »

 

Q&A

Ford shrinks its supplier 'watch' list

12:01 am U.S. ET | Oct. 20, 2014
Despite a blitz of model launches this year -- topped by the aluminum F-150 pickup -- Ford Motor Co. has fewer vendors on its "watch" list of suppliers that are struggling to meet production targets. Ford purchasing chief Hau Thai-Tang says the company learned its lesson about unreliable parts supply from the troubled Lincoln MKZ launch last year.... Read More »

 

For 15 years, Nakamura has redrawn Nissan

12:01 am U.S. ET | Oct. 18, 2014
Fifteen years after taking over Nissan's global design leadership, Shiro Nakamura has come full circle. Nissan will launch its third-generation Murano crossover late this year. In 2002, the Murano was the first Nissan nameplate that fully showcased Nakamura's creative touch. It also tops off a long list of edgy designs for Nakamura, who has begun to slip the word "retirement" into his conversations, as though testing the water. He turned 64 on Oct. 17.... Read More »

 

UAW, politicians will fight to keep Wrangler output in Toledo

12:01 am U.S. ET | Oct. 18, 2014
UAW and political leaders plan to gather Monday in a community-wide effort to keep Jeep Wrangler production in its original home of Toledo, Ohio. Fiat Chrysler CEO Sergio Marchionne this month said the next Wrangler may have be built off a unibody platform, changes that could mean the SUV would have to find a production site outside Toledo.... Read More »

 

Renault's China vehicle sales could reach 800,000 a year, Ghosn says

Oct. 18, 2014 06:01 CET
Renault, a latecomer to China, could sell up to 800,000 vehicles annually in the country, CEO Carlos Ghosn said. Renault has a 4 percent market share globally and it is a "reasonable" objective to reproduce this in China, Ghosn said.... Read More »

 

Special Report
No. 1 store empowers, retains employees

No. 1 store empowers, retains employees

Texas dealer Greg May encourages his staffers to provide input and solve problems on their own. Mon., October 20
» Watch the Video
     
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