Executive ANE

Schaeffler targets 12%-13% margin over long term

Nov. 18, 2014 12:30 CET
Schaeffler says it aims to keep its operating margin in the region of 12 percent to 13 percent over the long term as it expects the economic environment in its key markets to remain positive.... Read More »

 

Daimler, BMW cooperate on suppliers in Mexico

Nov. 18, 2014 10:17 CET
Daimler and BMW are working together to build a network of suppliers for their new factories in Mexico as both carmakers aim to take advantage of the country's tariff-free access to the U.S. market.... Read More »

 

GM grants another month for victim filings

12:01 am U.S. ET | Nov. 17, 2014
General Motors said late Sunday it agreed to extend the deadline for victims of faulty ignition switches to apply for compensation by another month to January 31.... Read More »

 

Takata quality assurance executive added to Senate hearing list

4:12 pm U.S. ET | Nov. 17, 2014
A senior Takata quality assurance executive has been added to the list of witnesses to testify during Thursday's Senate committee hearing on the Takata airbag recalls.... Read More »

 

THE FUTURE OF HYDROGEN CARS

Ewanick's next bold bet: Hydrogen stations

12:01 am U.S. ET | Nov. 17, 2014
If Honda, Hyundai and Toyota are the companies defining what fuel cell vehicles are, it's FirstElement and former GM executive Joel Ewanick that largely will define how and where they will be refueled.... Read More »

 

Mitsubishi promises new products

12:01 am U.S. ET | Nov. 17, 2014
Mitsubishi, amid a remarkable sales rebound in the United States, is targeting its first profit in North America since the global financial crisis. Now CEO Osamu Masuko pledges to build on the company's momentum with a badly needed injection of fresh product.... Read More »

 

Harold Coker, founder of antique tire maker Coker Tire, dies at 84

4:55 pm U.S. ET | Nov. 17, 2014
Harold Coker, founder of Coker Tire in Chattanooga, which produces tires for antique vehicles, died Sunday. He was 84.... Read More »

 

American Axle hires former Mich. car czar Francis

4:01 pm U.S. ET | Nov. 17, 2014
Nigel Francis, former car czar for the state of Michigan, has been appointed as vice president of corporate planning for American Axle & Manufacturing in Detroit.... Read More »

 

JOINING THE CLUB

Lincoln dealers sign up to offer exclusive Black Label series

12:01 am U.S. ET | Nov. 17, 2014
Lincoln has signed up 32 dealers in six states for its new Black Label luxury subfranchise. Lincoln announced the Black Label series last year in an effort to set a new standard for luxury vehicles and customer service within the brand.... Read More »

 

Fuel cell cars will be commercially viable by 2025, Bosch exec says

Nov. 17, 2014 11:36 CET
Falling costs will make fuel cell technology commercially viable for mass car production by 2025, Wolf-Henning Scheider, Bosch's automotive chief, said. Toyota and Honda plan to launch fuel cell vehicles in 2015.... Read More »

 

TRW investment to help Takata replace defective airbags would be short-term, ZF CEO says

Nov. 17, 2014 10:49 CET
ZF Friedrichshafen is ready to invest more through TRW Automotive in airbag inflator output to meet replacement demand following the recall of defective airbags made by Takata. The investment would not be a strategic shift to win market share, ZF CEO Stefan Sommer said.... Read More »

 

Fields: Ford slows ramp-ups

12:01 am U.S. ET | Nov. 17, 2014
After launch problems crippled the rollout of the Ford Fusion and Lincoln MKZ, Ford Motor Co. throttled back aggressive ramp-up timetables, CEO Mark Fields said in an exclusive interview last week.... Read More »

 

Fields: But how many parodies do your ads have?

12:01 am U.S. ET | Nov. 17, 2014
What does Mark Fields think of all those spoofs of the Lincoln MKC commercials starring Matthew McConaughey?... Read More »

 

Hot sales put Subaru ahead of plan

12:01 am U.S. ET | Nov. 17, 2014
In May, Yasuyuki Yoshinaga, president of Subaru maker Fuji Heavy Industries, unveiled a business plan to guide the company through 2020. But Subaru's sales are rising so fast, he may have to roll out a new plan much sooner than expected.... Read More »

 

LETTER TO THE EDITOR

A retail system can work for Tesla

12:01 am U.S. ET | Nov. 17, 2014
There is solid logic in having Tesla's growth channeled through a retail system that can expand quickly and give the consumer a first-rate shopping and ownership experience.... Read More »

 

Supplier upheaval fueled price fixing

6:00 pm U.S. ET | Nov. 16, 2014
To hear auto industry insiders in Japan, the country's problems with bid rigging began to spiral in the early 2000s. Or, more specifically, with the arrival of Carlos Ghosn, the cost-cutting CEO who parachuted into a nearly bankrupt Nissan Motor Co. and blew up the carmaker's ossified supplier network.... Read More »

 

Chrysler's Marchionne told to give deposition in suit over Jeep fire

12:11 am U.S. ET | Nov. 16, 2014
A Georgia judge ordered Fiat Chrysler Automobiles CEO Sergio Marchionne to give a videotaped deposition in a lawsuit filed by the family of a 4-year-old child killed after the Jeep Grand Cherokee he was riding in was rear-ended and caught fire.... Read More »

 

Ernie Boch confuses, charms presidents

12:01 am U.S. ET | Nov. 15, 2014
Even when meeting former presidents, Boston-area dealer and Subaru distributor Ernie Boch dresses like a rock star.... Read More »

 

Porsche SE faces more legal risks from botched VW takeover

Nov. 15, 2014 09:54 CET
Porsche SE has warned shareholders it could be forced to return "economic benefits" from a failed takeover of Volkswagen if former board members are convicted.... Read More »

 

Chevy eyes Buick's regional ad style

12:01 am U.S. ET | Nov. 15, 2014
Chevy's approach to its so-called Tier 2 advertising, under which regional dealer groups pool money to buy ads, is in something of a transition.... Read More »

 

Hyundai's U.S. marketing boss Shannon steps down

10:20 am U.S. ET | Nov. 14, 2014
Hyundai Motor America marketing chief Steve Shannon, the General Motors veteran who joined Hyundai in 2011 to help the Korean brand continue its ascendance in the United States market, has parted ways with the company.... Read More »

 

Hertz to restate results, change fleet-purchase strategy

2:22 pm U.S. ET | Nov. 14, 2014
Hertz said today it will revise financial statements from 2011 through 2013 and continue a review that has found $87 million of errors so far. Hertz also said it's initiating a $100 million cost-reduction program and said it increased the rate at which it's selling the highest-mileage cars in its fleet by 45 percent.... Read More »

 

Lutz's VIA Motors gets EPA certification for van

2:38 pm U.S. ET | Nov. 14, 2014
VIA Motors, a fledgling retrofitter whose chairman is veteran auto executive Bob Lutz, says it has received EPA certification for a plug-in hybrid van. The company equips vans and trucks with plug-in hybrid powertrains and sells them to fleet buyers.... Read More »

 

Cadillac inks lease on its NYC headquarters

2:04 pm U.S. ET | Nov. 14, 2014
Cadillac has chosen a space in New York for its new global headquarters, after coming under fire in September for its plan to move away from General Motors' Detroit headquarters, real estate companies for the automaker said Thursday.... Read More »

 

Zetsche sees significant AMG-MV Agusta synergies

Nov. 14, 2014 06:01 CET
Daimler CEO Dieter Zetsche sees big cross-marketing opportunities for the Mercedes-AMG performance unit and motorcycle maker MV Agusta because customers of both brands have a lot in common.... Read More »

 

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How 3 dealerships are connecting with tech-savvy shoppers

Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
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