Executive ANE

Tesla says it paid back entire DOE loan today

10:48 am U.S. ET | May 22, 2013
Tesla Motors today said it paid off the entire balance of its federal government loan given as part of a Department of Energy program to spur development of alternative energy vehicles.... Read More »

 

Michael Stanton, longtime D.C. advocate for automakers, to retire in 2014

11:50 am U.S. ET | May 22, 2013
Michael Stanton, a longtime lobbyist and a driving force for automakers in public policy, plans to retire as president and CEO of the Association of Global Automakers in early 2014.... Read More »

 

Gentex CFO leaves but will work with supplier as consultant

4:02 pm U.S. ET | May 22, 2013
Gentex, a maker of rearview mirrors and electronics parts, said its CFO and vice president of finance has left the company but will remain a consultant with the supplier.... Read More »

 

DAVE GUILFORD

Why Infiniti, Lincoln face the same challenge

2:51 pm U.S. ET | May 22, 2013
The luxury marque hasn't lived up to its dreams. In fact, there was talk that its parent company might kill it. Now with a dynamic new leader, it's trying to build buzz with a more exciting lineup.... Read More »

 

GM moving treasury office to Detroit headquarters from New York

9:35 am U.S. ET | May 22, 2013
GM said it will move its treasury office to its Detroit headquarters from New York in mid-2014, affecting about 70 employees.... Read More »

 

Daimler may sell company-owned German dealerships to cut costs

May 22, 2013 13:19 CET
Daimler may sell four company-owned Mercedes-Benz dealerships in Germany to cut costs and help close a profitability gap with rivals BMW and Audi. Daimler owns 98 Mercedes car showrooms that account for about half of its car sales in Germany, the brand's second-biggest market after the United States.... Read More »

 

Two Denso execs to plead guilty to price fixing, U.S. says

May 22, 2013 06:01 CET
Two executives at Toyota-affiliated supplier Denso have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said.... Read More »

 

Lutz's VL Automotive, Chinese supplier bid for Fisker, report says

May 22, 2013 06:01 CET
A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters.... Read More »

 

Opel keeps Bochum logistics center open to fulfill contract

May 22, 2013 06:01 CET
Opel will keep a spare-parts distribution center open until 2016 at its plant in Bochum, Germany, as long as two years after car production ends at the site. The plant, which makes the Zafira minivan, is scheduled to close by the end of 2014 after workers rejected a restructuring plan in March that would have extended manufacturing there for another two years.... Read More »

 

Lutz's VL Automotive, Chinese supplier bid $20 million for Fisker, report says

2:02 pm U.S. ET | May 21, 2013
A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer of $20 million to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters today.... Read More »

 

Marchionne apologizes for 'wop engine' comment

11:44 am U.S. ET | May 21, 2013
Chrysler-Fiat CEO Sergio Marchionne has issued a written apology to an Italian-American anti-bias organization for saying at the Detroit auto show that an Alfa Romeo needed a "wop" engine.... Read More »

 

Two Denso executives to plead guilty to price fixing, U.S. says

10:54 am U.S. ET | May 21, 2013
Two executives at Toyota-affiliated supplier Denso have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the federal Justice Department said today.... Read More »

 

Marchionne apologizes for 'wop engine' comment

May 21, 2013 17:44 CET
Fiat-Chrysler CEO Sergio Marchionne has issued a written apology to an Italian-American anti-bias organization for saying that an Alfa Romeo needed a "wop" engine.... Read More »

 

LUCA CIFERRI

U.S. and Brazil bright spots for Fiat-Chrysler as Europe declines

12:01 am U.S. ET | May 21, 2013
Global April sales for Fiat-Chrysler show how much the Americas, especially the U.S. and Brazil, are supporting the automaker as deliveries in Europe fall.... Read More »

 

LUCA CIFERRI

U.S. and Brazil bright spots for Fiat-Chrysler as Europe declines

12:01 am U.S. ET | May 21, 2013
Global April sales for Fiat-Chrysler show how much the Americas, especially the U.S. and Brazil, are supporting the automaker as deliveries in Europe fall.... Read More »

 

Ford to maintain Canadian factory footprint despite high labor costs

12:49 pm U.S. ET | May 21, 2013
Ford is confident it can preserve its manufacturing profile in Canada despite uncompetitive operating costs tied to the high Canadian dollar, the company's top executive in the country said today.... Read More »

 

Schaeffler confirms 2013 outlook, net debt

May 21, 2013 11:14 CET
German supplier Schaeffler has confirmed its annual forecast for revenue growth of about four percent and an operating profit margin of approximately 13 percent, despite a drop in first-quarter revenue of 3.6 percent to 2.8 billion euros ($3.6 billion).... Read More »

 

TALK FROM THE TOP: JIM LENTZ, CEO, NORTH AMERICA REGION, TOYOTA MOTOR CORP.

Toyota streamlines decision-making for North America

12:01 am U.S. ET | May 20, 2013
Toyota President Akio Toyoda restructured the company's management this year to give more authority and autonomy to local regions. Nowhere was this more evident than in North America, where Jim Lentz, CEO of Toyota Motor Sales, was placed in charge of all Toyota sales and manufacturing for the region.... Read More »

 

Chrysler quality chief: Little difference now with Toyota

12:01 am U.S. ET | May 20, 2013
The quality gap between Chrysler Group's vehicles and those of Japanese automakers has become so small that it no longer should matter to consumers, Chrysler's quality chief says.... Read More »

 

Infiniti: Raise quality, sales will follow

12:01 am U.S. ET | May 20, 2013
Infiniti President Johan de Nysschen, poached last summer from Audi, aims to push into new segments, restore profitability to Nissan's luxury marque and fix lackluster quality rankings. Nissan CEO Carlos Ghosn has ordered de Nysschen to make the brand a top-tier premium player and boost global sales to 500,000 by 2016 from just 170,000 last year.... Read More »

 

TALK FROM THE TOP: JOE HINRICHS, PRESIDENT OF THE AMERICAS, FORD MOTOR CO.

Hinrichs: Quality is 'of the highest priority' at Ford

12:01 am U.S. ET | May 20, 2013
After three frenetic years overseeing Ford's ambitious Asia Pacific expansion plans, including the construction of nine plants, Joe Hinrichs returned to the Dearborn, Mich., world headquarters in December to take over as president of the company's most profitable region: the Americas. Hinrichs found Ford's North American operations in the midst of a major growth spurt.... Read More »

 

BMW counts on new models to keep U.S. luxury lead

May 20, 2013 06:01 CET
Mercedes-Benz led the U.S. premium-brand sales race through April of 2013, but BMW of North America CEO Ludwig Willisch expects BMW to repeat as No. 1 for the year. Willisch says help is on the way in the form of three models debuting later this year: the 3-series GT crossover, 4-series coupe and a redesigned X5 crossover.... Read More »

 

NEEDED: 'THICK SKIN'

GM designer knows crucial launches produce a love-hate response

12:01 am U.S. ET | May 20, 2013
Chevrolet designer Tom Peters describes the blocky, chiseled front end of the 2014 Silverado pickup as a "fist in the wind." The metaphor also could describe the resolve Peters needs to weather his critics as the lead designer for two of the most closely scrutinized vehicles on the planet: the Silverado and Corvette.... Read More »

 

Tesla Motors may repay U.S. loan by Wednesday, Musk says

10:41 pm U.S. ET | May 20, 2013
Tesla Motors may repay its federal Department of Energy loan as early as Wednesday, CEO Elon Musk said in a message on Twitter on Monday.... Read More »

 

Experian names John Gray head of auto unit

2:57 pm U.S. ET | May 20, 2013
Experian has named John Gray president of its automotive business unit, effective immediately, with responsibility for the strategic direction, leadership and overall growth of the business.... Read More »