Executive AN

Francois Michelin dies at age 88

9:24 am U.S. ET | April 29, 2015

Francois Michelin, who headed the French tire giant that bears his family name for 47 years, died Wednesday at age 88.... Read More »

GM paid Barra $16.2 million in 2014

11:00 am U.S. ET | April 24, 2015

GM CEO Mary Barra received $16.2 million in total compensation during her first year leading the automaker, GM said in a regulatory filing today. Barra's payout included a base salary of $1.6 million, stock awards totaling $11.8 million, and $2.1 million from a short-term, nonequity incentive tied to several performance measures, such as GM's pretax profit and global market share.... Read More »

Google exec sees self-driving cars as inevitable

4:05 pm U.S. ET | April 21, 2015

Ray Kurzweil, inventor, futurist and Google's director of engineering, opened the SAE World Congress here by pointing out that predicting the future is easy -- and saying self-driving cars are inevitable.... Read More »

Mercedes' Cannon recruits fellow execs for a personal mission

11:34 am U.S. ET | April 21, 2015

A few months ago, Steve Cannon called on the heads of Group 1 and AutoNation for big favors -- and it had nothing to do with selling more cars. Instead, the CEO of Mercedes-Benz USA had a different mission in mind.... Read More »

Sheila Vaden-Williams, former head of minority auto dealers association, dies at age 55

11:20 am U.S. ET | April 21, 2015

Sheila Vaden-Williams, former president of the National Association of Minority Automobile Dealers, died Sunday. She was 55.... Read More »

Phil Martens out as CEO of aluminum supplier Novelis

1:56 pm U.S. ET | April 20, 2015

Top aluminum rolled products maker Novelis announced Monday the surprise departure of CEO Philip Martens -- a former rising star executive at Ford -- who helped the India-owned supplier shift toward the automotive sector.... Read More »

VW's top board group backs Winterkorn as 'best possible' CEO

6:39 am U.S. ET | April 17, 2015

Volkswagen AG's supervisory board leadership panel backed CEO Martin Winterkorn, defusing a power struggle with Chairman Ferdinand Piech in saying Winterkorn is the "best possible" chief executive for the German automaker.... Read More »

U.S. House OKs bill to kill 'death tax'

3:50 pm U.S. ET | April 16, 2015

The House of Representatives passed a bill to repeal the 40 percent tax applied on estates worth more than $5 million, which dealers have long complained could saddle their family members with huge tax bills should they die unexpectedly. A similar bill has been introduced in the Republican-controlled Senate.... Read More »

Turmoil pushes Porsche chief to forefront of potential CEO race at VW

11:14 am U.S. ET | April 14, 2015

A rift between Volkswagen AG's two most senior executives threatens to create a power vacuum that's set to hasten the search for a new leader. Matthias Mueller, who oversees the Porsche sports-car division, may hold the best cards with his background in engineering and operational experience.... Read More »

AutoNation CEO Jackson's 2014 compensation soars 69% to $10.6 million

1:33 pm U.S. ET | April 3, 2015

AutoNation CEO Mike Jackson’s overall compensation soared 69 percent to $10.6 million for 2014, up from $6.3 million for 2013, AutoNation said in its proxy filing released late Thursday.... Read More »

Hamp, Toyota's first female senior exec, says building trust is top priority

12:15 pm U.S. ET | April 3, 2015

Julie Hamp this week became Toyota's first female senior executive, overseeing global communications from Toyota City. Hamp said today her top priority is building trust at the automaker -- fixing disconnects between how Toyota sees itself and how outsiders view the company.... Read More »

Gilles promoted to FCA's global head of design

1:01 pm U.S. ET | April 1, 2015

Ralph Gilles, longtime chief designer for Fiat Chrysler in the United States, has been appointed head of design for the automaker’s global parent.... Read More »

Dura owner Lynn Tilton sues SEC after it charges her with fraud

12:04 pm U.S. ET | April 1, 2015

Escalating her battle with the federal regulators, flamboyant New York investor Lynn Tilton, who has a variety of automotive parts holdings, sued the US Securities and Exchange Commission to stop it from pursuing a case charging her with defrauding her investors.... Read More »

LaSorda's IncWell names new CEO, partners

3:26 pm U.S. ET | April 1, 2015

Tom LaSorda has named longtime auto executive Simon Boag to replace him as CEO of IncWell LLC, an early-stage venture capital firm in suburban Detroit.... Read More »

Berkshire Hathaway Automotive targets growth, possibly abroad

3:00 pm U.S. ET | March 31, 2015

Berkshire Hathaway Automotive already is on the prowl to acquire more dealerships. And, top executives hinted today, that might include looking outside the US. Berkshire Hathaway closed on its purchase of Van Tuyl Group on March 9... Read More »

ARLENA SAWYERS

BLOG: Bidding goodbye to Black Book's Beggs

2:34 pm U.S. ET | March 31, 2015

After 34 years at Black Book, Ricky Beggs is retiring on April 1. That such a fixture of the used-car world would retire seems like an April Fools’ joke. But it’s not; he’s really retiring.... Read More »

Nissan adds muscle to U.S. field ops

1:23 pm U.S. ET | March 20, 2015

Nissan North America Chairman Jose Munoz continues to put more power into the rising brand's US field organization, adding personnel to react faster to local dealer requests.... Read More »

Plaintiffs' lawyers say GM internal documents contradict Valukas report

2:25 pm U.S. ET | March 16, 2015

Plaintiffs suing GM over faulty ignition switches have gained access to previously confidential documents produced by the automaker, and their attorneys plan to depose current and former top executives this year. Two of the plaintiffs' lawyers contend the documents contradict conclusions reached by GM's internal investigation last year.... Read More »

Toyota to step up hiring at home in the next fiscal year

10:45 am U.S. ET | March 12, 2015

Profit-rich Toyota is plowing more of its cash into new hires in the coming year, especially in the engineering and technical fields crucial to its expansion. Toyota aims to add 2,275 employees in Japan in the fiscal year beginning April 1, a 30 percent increase over the 1,744 hires added a year earlier.... Read More »

Fans demand BBC reinstate 'Top Gear' host Clarkson

1:34 pm U.S. ET | March 11, 2015

Nearly 450,000 fans from around the world have backed a petition calling for British presenter Jeremy Clarkson to be reinstated to his job hosting the "Top Gear" motoring show after the BBC suspended him following a "fracas" with a producer.... Read More »

LARRY P. VELLEQUETTE

BLOG: Why it's hard to tally Sergio's pay

10:27 am U.S. ET | March 10, 2015

Fiat Chrysler CEO Sergio Marchionne's compensation package is wildly confusing given the structure and how it is reported. There's the conversion of euros to dollars to consider, the value of stock options and other variables. So what's the real number?... Read More »

Former UAW VP General Holiefield dies at 61

2:34 pm U.S. ET | March 10, 2015

Former UAW Vice President General Holiefield, who led the union's Chrysler unit during the automaker's bankruptcy restructuring, died in Detroit on Monday. He was 61. Holiefield was diagnosed with pancreatic cancer last year.... Read More »

MIKE COLIAS

BLOG: Barra's management style signaled in Wilson negotiations

4:03 pm U.S. ET | March 9, 2015

General Motors' swift, tidy resolution of Harry Wilson's advance on its board and balance sheet has GM CEO Mary Barra's fingerprints all over it. By that, I mean it was handled efficiently and inclusively, without raising the temperature or decibel level in the room, by all accounts.... Read More »

Marchionne's pay package valued at $34 million for 2014, including special bonus

12:38 pm U.S. ET | March 6, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne earned a pay package currently valued at 31.3 million euros ($34 million) last year, including a bonus for cementing a deal that created the world's seventh-largest carmaker, a regulatory filing showed.... Read More »

GM hires new media-strategy director

12:33 pm U.S. ET | March 5, 2015

General Motors has hired Jonathan Halvorson as director of global media strategy and branded entertainment. The appointment is effective April 1.... Read More »

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Special Video Report
Smart use of phones, sales teams lift Wash. stores

Smart use of phones, sales teams lift Wash. stores

Sales employees at Ford and Hyundai of Kirkland have tapped smartphones to show how customers are “buying a relationship” with the group. Mon., May 4
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