Executives

Volvo's revival plan 'starts now'

12:01 am U.S. ET | Jan. 26, 2015
After its U.S. market share fell to the lowest level since 1978, Volvo has put its global product strategy chief in charge of North America and significantly boosted its marketing budget in preparation for an upcoming blitz of new vehicles. Lex Kerssemakers, a 55-year-old native of the Netherlands, replaces Tony Nicolosi as CEO of Volvo Cars of North America after a 15-month period in which sales continued to fall.... Read More »

 

STEFAN SOMMER, CEO, ZF FRIEDRICHSHAFEN

With TRW, ZF can offer advanced driverless tech

12:01 am U.S. ET | Jan. 26, 2015
ZF Friedrichshafen AG's acquisition of TRW Automotive will make it a key player in collision avoidance and driverless cars.... Read More »

 

Land Rover has high conquest goals for new Discovery Sport

12:01 am U.S. ET | Jan. 26, 2015
With a more mainstream design, optional seven-seat configuration and improved technology, the new Discovery Sport compact SUV is expected to draw mostly new buyers to Land Rover, executives say.... Read More »

 

Stadler: Audi to build range-topping Q8 SUV

12:01 am U.S. ET | Jan. 26, 2015
Audi will launch a flagship SUV called the Q8 before the end of the decade, CEO Rupert Stadler said. The SUV will be aimed at markets such as the U.S., China and the Middle East.... Read More »

 

As the new year begins, Sonic goes shopping

12:01 am U.S. ET | Jan. 26, 2015
Sonic Automotive Inc. plans to buy more dealerships in 2015 than the four it bought last year.... Read More »

 

GM's got no beef with suppliers' dough

12:01 am U.S. ET | Jan. 26, 2015
If Fiat Chrysler CEO Sergio Marchionne is looking for an ally to wring price concessions from suppliers, he won't find one in Steve Kiefer, General Motors' new head of purchasing.... Read More »

 

Tom Kowaleski, attention-grabber

12:01 am U.S. ET | Jan. 26, 2015
Tom Kowaleski, the former Chrysler, General Motors, BMW and Lincoln public relations executive who died suddenly last week at age 63, always knew how to tease a product story.... Read More »

 

Acura boss: What would Taco Bell do?

12:01 am U.S. ET | Jan. 26, 2015
Acura boss Mike Accavitti let a case of the Mexican munchies get the better of him when he conceded Taco Bell was a source of marketing inspiration for his luxury auto marque.... Read More »

 

KEITH CRAIN

Time to rethink auto safety

12:01 am U.S. ET | Jan. 26, 2015
Keith Crain is looking forward to seeing how new Administrator Mark Rosekind reshapes the National Highway Traffic Safety Administration.... Read More »

 

ZF chief: TRW to keep its own identity -- for now

12:01 am U.S. ET | Jan. 26, 2015
TRW Automotive Holdings will remain a stand-alone company for at least three to five years after the completion of its merger this spring with ZF Friedrichshafen AG.... Read More »

 

FCA US touts volunteer program for its dealers

12:01 am U.S. ET | Jan. 26, 2015
FCA US is expanding its in-house volunteer program to dealers nationwide to provide a way for dealerships to increase community involvement.... Read More »

 

Claims against GM over ignitions pass 2,800

12:01 am U.S. ET | Jan. 26, 2015
General Motors has received 108 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,818, according to the official administering the compensation program.... Read More »

 

RICHARD JOHNSON

A new Gold Rush sweeps over California

12:45 pm U.S. ET | Jan. 25, 2015
Like Warren Buffett and George Soros, so-called hybrid buyers -- private equity funds and super-wealthy families and combinations of the two -- are on the hunt for dealership deals. This new category of dealership buyer could turn out to be as transformational as the six public groups that rolled up a significant part of the industry almost 20 years ago.... Read More »

 

GM eager to squeeze more out of BDCs

11:00 am U.S. ET | Jan. 25, 2015
GM is using the Year of the Recall to reinforce the importance of operating a business development center, on both the sales and service sides of the dealership.... Read More »

 

Social isn't selling cars, Acura chief says

12:01 am U.S. ET | Jan. 25, 2015
The promise of social media helping dealers to sell cars has yet to be realized, says Mike Accavitti, Acura division general manager.... Read More »

 

Hyundai's ready for cars coming off lease

12:01 am U.S. ET | Jan. 25, 2015
Hyundai Motor America, despite concerns from some analysts, is ready to handle a wave of vehicles coming off lease, CEO Dave Zuchowski promises. The industry is in the early stages of a steep increase in the volume of off-lease vehicles hitting auctions and used-car lots, a result of the near-evaporation of leasing during the recession and its strong rebound this decade.... Read More »

 

DAVE GUILFORD

Money's cheap, so here come the store upgrades

9:30 am U.S. ET | Jan. 24, 2015
One of the better indicators of the health of a business is its willingness -- and ability -- to make capital expenditures. By that measure, auto retailers are doing well.... Read More »

 

George Soros' Wall Street fund shops for dealership groups

10:30 pm U.S. ET | Jan. 24, 2015
Wall Street fund Soros Fund Management wants to partner in, invest in or outright buy a large auto dealership group, according to four sources familiar with the situation. Two representatives of Soros Fund Management are at the NADA convention in San Francisco this weekend to research the industry and explore opportunities, sources say.... Read More »

 

Volvo dealers embrace U.S. management shift

5:00 pm U.S. ET | Jan. 24, 2015
Dealers applaud the recent management change at Volvo Cars of North America and said having a senior executive from the home office in Sweden at the helm assures quick responses on all issues -- including product and retail support -- and signals a real commitment to the U.S. market.... Read More »

 

Buick, GMC, riding truck wave, aim for more share gain

8:00 pm U.S. ET | Jan. 24, 2015
Buick and GMC are out to gain U.S. market share again this year by riding momentum in truck and crossover sales.... Read More »

 

VW dealers welcome profit-focused message

2:00 pm U.S. ET | Jan. 24, 2015
Volkswagen of America executives told dealers to expect a small uptick in U.S. sales this year as they await the early 2017 arrival of two North America-built crossovers and the promise of larger sales growth to follow.... Read More »

 

Q&A

Subaru urges dealers to invest in stores

5:37 pm U.S. ET | Jan. 24, 2015
With record U.S. sales for seven years in a row, Subaru has become an enviable brand. It is now urging dealers to invest in their stores and expand service facilities. Tom Doll, president of Subaru of America, spoke here with Staff Reporter Diana T. Kurylko.... Read More »

 

Chevy banks on new models to end stretch of U.S. share loss

2:15 pm U.S. ET | Jan. 24, 2015
Chevrolet this year expects to snap its string of three straight years of US market share declines by capitalizing on its revitalized truck lineup, as the brand moves to put its safety-recall problems behind it.... Read More »

 

Subaru dealers seek more cars even as growth slows

1:30 pm U.S. ET | Jan. 24, 2015
Subaru dealers told the factory they want more cars as the brand heads into what's promised to be another record year. Subaru executives told dealers US sales are expected to grow by 8 percent to 540,000 units in 2015 -- slower than last year's 21 percent increase.... Read More »

 

Hot Subaru sets its sights on the Sunbelt

12:01 am U.S. ET | Jan. 24, 2015
Subaru, gunning for a seventh straight year of record U.S. sales, hopes to get an additional boost by bringing its retail network in Sunbelt states in line with those of rivals.... Read More »

 

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