Automakers and Suppliers

Cadillac full speed ahead in China

12:01 am U.S. ET | Oct. 25, 2014
Despite slowing sales growth in China, General Motors is doubling down on the country with a bold expansion plan that could make it Cadillac's biggest market within six years. The investment blitz channels $14 billion into China, the world's biggest car market, from 2014 through 2018 to open five new factories.... Read More »

 

Rivals see Buffett as just another competitor

12:01 am U.S. ET | Oct. 25, 2014
Warren Buffett's entry into automotive retailing may mean more overall competition for acquisitions, but public dealership groups expect no interruptions to their growth plans.... Read More »

 

Porsche cashes in on turnaround with consultancy business

Oct. 25, 2014 06:01 CET
Porsche's experience of recovering from the brink of insolvency two decades ago to become a profit engine for Volkswagen has helped it with the development of a consultancy business with a growing list of high-profile clients.... Read More »

 

Renault exec sees fuel-efficient Eolab concept selling for same price as a Clio

Oct. 25, 2014 06:01 CET
Renault could sell the Eolab ultra fuel-efficient concept for a similar price to a diesel-powered Clio if it decided to build the car, Thierry Bollore, the company's chief competitive officer, said. The Clio DCi 90 costs 18,500 euros in France.... Read More »

 

Russia may extend car-buying subsidy scheme into 2015

Oct. 25, 2014 06:01 CET
Russia may extend an incentive scheme for new-vehicle purchases beyond this year to help the car industry weather an economic downturn which has caused sales to plummet 13 percent so far this year.... Read More »

 

Ford plans to overhaul Lincoln with $5 billion push, report says

5:13 pm U.S. ET | Oct. 24, 2014
New Ford CEO Mark Fields, with the renewed backing of Executive Chairman Bill Ford and the company's board, has committed the automaker to a multiyear, multibillion-dollar overhaul of Lincoln that includes a significant investment in a new premium vehicle platform that will underpin several future Lincoln vehicles, four sources told Reuters.... Read More »

 

Ford snubs bid to divert Mexico investment to Canada, union says

1:38 pm U.S. ET | Oct. 24, 2014
Ford has rejected a proposal to invest in engine plants in Windsor, Ontario, and decided to put the money in Mexico as the automaker originally planned, the head of Canada's autoworkers' union said.... Read More »

 

Ford's Fields takes his lumps in Q3, looks to next year

7:06 am U.S. ET | Oct. 24, 2014
Ford CEO Mark Fields today delivered the first report card on his performance since taking over for Alan Mulally. He gave every sign that he'll have more to show off next year. While earnings and revenue fell, Fields said new vehicles on tap will deliver "strong, profitable growth."... Read More »

 

GM wins appeal, dismissal of Spyker lawsuit upheld

2:48 pm U.S. ET | Oct. 24, 2014
GM persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.... Read More »

 

NHTSA to brief House committee on Takata airbag recalls

1:37 pm U.S. ET | Oct. 24, 2014
The National Highway Traffic Safety Administration will brief members of the House Energy and Commerce Committee next week on the agency's investigation and recalls of Takata airbags.... Read More »

 

Takata's airbag crisis may spur automaker shift to Autoliv, Daicel

Oct. 24, 2014 11:49 CET
The defect in Takata Corp. airbags that has led to millions of recalls and has been linked to four deaths in Honda cars opens the supplier to risk of losing business to rivals including Autoliv and Daicel.... Read More »

 

Fiat Chrysler's targets seen at risk as N.A. still pressured

2:07 pm U.S. ET | Oct. 24, 2014
Fiat Chrysler Automobiles could find it tough to meet its 2014 profit guidance and may cut forecasts when it reports quarterly results next week as slowly recovering North America profit margins may fail to fully offset weakness in Europe and Latin America.... Read More »

 

NHTSA in line for cultural overhaul after airbag meltdown

2:04 pm U.S. ET | Oct. 24, 2014
The agency that botched a campaign to publicize a potentially lethal Takata airbag defect affecting 7.8 million U.S. cars is reviewing its safety culture, according to a senior Obama administration official.... Read More »

 

Asbury names former Group 1, RML exec David Hult COO

10:50 am U.S. ET | Oct. 24, 2014
Former Group 1 and RML Automotive executive David Hult will become the next COO of Asbury Automotive Group Inc. as the public retailer expands a used-car store initiative and looks to grow through acquisitions.... Read More »

 

Delphi Q3 profit rises on higher demand in Asia, North America

7:39 am U.S. ET | Oct. 24, 2014
Delphi Automotive today reported a 12.5 percent rise in quarterly profit as demand for its auto parts rose in Asia and North America.... Read More »

 

Lear says Q3 profit rises 24% as global production grows

7:46 am U.S. ET | Oct. 24, 2014
Lear, which supplies auto seats and electrical power systems, today reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production.... Read More »

 

Opel on track to achieve turnaround, GM says

Oct. 24, 2014 12:14 CET
Opel/Vauxhall is on track to achieve a turnaround despite headwinds from Russia and a wider third-quarter loss, parent GM says. New models such as the Corsa will give the division a boost in the months ahead.... Read More »

 

UK car production set for record in 2014 despite September dip

Oct. 24, 2014 10:47 CET
UK car production is still on track to reach its highest level in six years despite lower output in September. New Jaguar, Mini and Honda models will help boost production.... Read More »

 

GM to auction equipment from Opel's Bochum factory

Oct. 24, 2014 06:01 CET
GM's Opel unit will auction tooling from its factory in Bochum, Germany. The plant's 50 presses will be sold along with 80 percent of the robots in the body shop.... Read More »

 

Rolls-Royce names BMW exec interior design chief

Oct. 24, 2014 06:01 CET
Daniel Starke is the new Rolls-Royce interior design head, a role he previously held at BMW's i electric and plug-in hybrid vehicle subbrand.... Read More »

 

Wrangler will remain body-on-frame, sources say

3:04 pm U.S. ET | Oct. 23, 2014
The next-generation Jeep Wrangler will continue to be a body-on-frame vehicle and won't switch to unibody construction, Automotive News has learned. As a result, the popular off-roader will likely remain built in Toledo, Ohio, where city and union officials have been fighting for weeks to keep the Wrangler in its historical home.... Read More »

 

Toyota sells some Tesla shares, cooperation still possible

5:53 pm U.S. ET | Oct. 23, 2014
Toyota said today it had sold some of its shares in Tesla Motors but that it would continue to study possible cooperation with the California electric car maker in the future.... Read More »

 

Audi will recall 850,000 A4s globally over airbag problems

Oct. 23, 2014 15:42 CET
Audi will recall 850,000 A4s worldwide due to an airbag problem that could prevent front airbags from deploying. Audi said its faulty airbags are not made by Takata, which is at the center of a growing number of recalls.... Read More »

 

Marchionne invests more of his own money in Fiat Chrysler

Oct. 23, 2014 10:41 CET
Sergio Marchionne, CEO of Fiat Chrysler Automobiles, bought an additional 335,745 ordinary shares in the group, giving him a total of 6.8 million shares in the newly merged carmaker.... Read More »

 

Honda, after 5th Fit recall, appoints first quality czar; top execs take pay cut

6:28 am U.S. ET | Oct. 23, 2014
In an unprecedented move, Honda, announcing its fifth Fit recall in 12 months, appointed a quality czar to clamp down on problems. Senior executives will also take pay cuts for three months to take responsibility for the recall-plagued car.... Read More »

 

Special Report
How #1 store scores with employees

How #1 store scores with employees

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