Executive ANE

Musk's pay as Tesla CEO drops 99.9% to less than $70,000

5:49 pm U.S. ET | April 24, 2014
Elon Musk, Tesla's CEO and one of the wealthiest U.S. entrepreneurs, saw his take home pay from the automaker plunge by more than 99.9 percent last year after a surge in his 2012 stock options.... Read More »

 

GM ekes out $125M first-quarter profit as recalls take toll

7:30 am U.S. ET | April 24, 2014
Surging transaction prices on trucks helped GM offset heavy costs from safety recalls and eke out a small profit in the first quarter. GM posted net income of $125 million in the first three months of the year, down 86 percent from a year earlier. The bottom line reflected $1.3 billion in recall-related expenses as well as about $200 million in restructuring costs in GM's European business.... Read More »

 

GM profit plunges on recall costs

April 24, 2014 06:01 CET
GM's first-quarter net income sank 86 percent from a year earlier to $125 million amid heavy costs related to the recall of 7 million vehicles. In Europe, GM lost $284 million, nearly double the $152 million it lost a year earlier.... Read More »

 

Valeo sales increase 6% as Europe rebounds

April 24, 2014 11:23 CET
Valeo reported a 6 percent increase in first-quarter sales on higher demand in China and North America and the end of a six-year contraction in Europe.... Read More »

 

Opel CEO targets No. 2 sales position in Europe in comeback drive

6:19 am U.S. ET | April 23, 2014
GM's Opel brand is targeting second place in deliveries in Europe in the coming years as new models attract buyers. Opel currently is the third-largest brand in the region, behind VW and Ford, according to data from the ACEA trade group.... Read More »

 

GM's 1st-quarter profit to take hit from recalls

1:15 pm U.S. ET | April 23, 2014
This was supposed to be the year when GM made a record $10 billion in profit. But the company, rocked by a recall crisis, will be hard pressed to avoid posting a loss when first-quarter earnings are released on Thursday. The cost of recalling millions of vehicles -- combined with continued losses in Europe and new challenges in Russia, Australia, Asia and South America -- have prompted analysts to downgrade their earnings estimates for the company.... Read More »

 

Q&A

AutoNation swipes at third-party car sites as it builds digital footprint

3:26 pm U.S. ET | April 23, 2014
AutoNation wants to reduce its dependency on online lead generators and third-party shopping sites. The United States' largest dealership group plans to build up the group's Web sites to capture online shoppers, part of a multiyear, $100 million campaign to rebrand itself.... Read More »

 

Q&A

Mopar's F&I sales could spark 'almost 6 million' service visits

12:01 am U.S. ET | April 23, 2014
Mopar’s F&I product volume last year reached 1.5 million contracts in the United States and nearly 2 million contracts worldwide. That’s significant, Mopar chief Pietro Gorlier says.
... Read More »

 

Toyota's global sales top VW, GM for 3rd straight quarter

5:11 am U.S. ET | April 23, 2014
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »

 

Fields to take Ford wheel at prime stage

12:01 am U.S. ET | April 23, 2014
When Mark Fields took charge of Ford's Americas operations nine years ago, it was a major repair job with record losses and a brush with bankruptcy. Today, Ford's North American operations are the envy of the industry. Now that Fields is poised to succeed Alan Mulally as CEO, he's taking charge of an automaker in its prime.... Read More »

 

Toyota outsells VW, GM for 3rd straight quarter

April 23, 2014 11:11 CET
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »

 

JESSE SNYDER

New Russian outlook: 'Slower, lower, weaker'

12:01 am U.S. ET | April 23, 2014
Days after Russia annexed a province of Ukraine and U.S. and European forces mobilized, you would expect a conference in the United States on the future of the Russian auto industry to be pessimistic.... Read More »

 

Mulally said to line up board post after Ford

April 23, 2014 06:01 CET
Ford CEO Alan Mulally is lining up a substantial corporate position for his next act, probably as a board director or chairman, according to people with knowledge of his plans.... Read More »

 

GM splits engineering into 2 divisions with new leaders; Calabrese to retire

10:26 am U.S. ET | April 22, 2014
General Motors is replacing its head of engineering and will divide its vehicle engineering organization into two divisions in a shakeup that the company says will improve quality and safety in the wake of its recall crisis.... Read More »

 

Sen. Blumenthal wants to quiz former GM CEOs on recalls

4:20 pm U.S. ET | April 22, 2014
Former General Motors CEOs and other executives should be called to testify to before Congress about the company's slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said on Tuesday.... Read More »

 

2014 BEIJING AUTO SHOW

Daimler, BYD show production-ready Denza EV

April 22, 2014 13:22 CET
Daimler and Chinese partner BYD unveiled a production-ready version of their Denza electric car at the Beijing auto show ahead of a sales launch in September.... Read More »

 

Mulally said to line up board post after Ford

11:04 am U.S. ET | April 22, 2014
Ford CEO Alan Mulally is lining up a substantial corporate position for his next act, probably as a board director or chairman, according to people with knowledge of his plans.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Golf dominance, premium push intensify battle in compact segment

April 22, 2014 06:01 CET
Most volume automakers face double trouble in the crucial compact segment. They need to find a way to win sales from the dominant Volkswagen Golf while also defending against premium brands aggressively pushing into the segment.... Read More »

 

KEITH CRAIN

Lots of buzz in New York

12:01 am U.S. ET | April 21, 2014
As always, we all caught our breath after the Detroit auto show.... Read More »

 

Mulally overcame skepticism that a plane guy could revive Ford

6:19 pm U.S. ET | April 21, 2014
When Alan Mulally was named Ford CEO n 2006 after 37 years at Boeing, plenty of industry veterans had the same question: What does a plane guy know about the car business?... Read More »

 

Hale works on makeover of Jag, Land Rover image

12:01 am U.S. ET | April 21, 2014
Hundreds of employees at Jaguar Land Rover North America sport a green button saying “All In.” The button means they're committed to changing the British company's culture to focus on customer service and satisfaction, said Duke Hale, who was hired a year ago as vice president of customer service.... Read More »

 

Ford will soon name Fields next CEO, replacing Mulally, Bloomberg reports

2:10 pm U.S. ET | April 21, 2014
Ford plans to name Mark Fields its next chief executive and disclose when CEO Alan Mulally will retire from the company, Bloomberg reported, citing two people familiar with the pending announcement.... Read More »

 

Ford will soon name Fields next CEO, replacing Mulally, Bloomberg reports

April 21, 2014 20:10 CET
Ford plans to name Mark Fields its next CEO, Bloomberg reported, citing two people familiar with the pending announcement.... Read More »

 

Jackson: We'll get our own leads

12:01 am U.S. ET | April 21, 2014
CEO Mike Jackson put the big Internet shopping sites on notice last week: AutoNation is building Web products that will slash the number of leads the group's 229 stores get from AutoTrader, Cars.com, TrueCar and others.... Read More »

 

Blue sky high, acquisition action is, too

12:01 am U.S. ET | April 21, 2014
Auto dealers are scrambling to buy new stores despite record high dealership values. They figure the earlier they can buy before the next downturn, the sooner they’ll earn profits and pay down acquisition costs.... Read More »

 

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