Executives

Daimler, VW dampen speculation about imminent CEO succession

11:02 am U.S. ET | Oct. 30, 2014
Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said today, adding that any potential candidates would most likely come from within their respective companies.... Read More »

 

LUCA CIFERRI

Ferrari will go public but remain private

12:01 am U.S. ET | Oct. 30, 2014
Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group.... Read More »

 

Ferrari spinoff's real winners are Agnelli clan

Oct. 30, 2014 14:31 CET
The real winners in Fiat Chrysler's spinoff of supercar unit Ferrari are Chairman John Elkann and the Agnelli industrial clan he represents, who will be the biggest shareholders of both companies.... Read More »

 

Fiat Chrysler profit increases 7% in Q3

Oct. 29, 2014 15:09 CET
Fiat Chrysler reported a slightly lower-than-expected 7 percent rise in third-quarter operating profit on weak margins in North America and a slowdown in Latin America, but stuck to its full-year guidance of a 14 percent rise in profit.... Read More »

 

Fiat Chrysler to spin off 10% of Ferrari, raise cash as debt surges

9:13 am U.S. ET | Oct. 29, 2014
Fiat Chrysler Automobiles plans to spin off the Ferrari super-car brand, underpinning efforts to raise about $4.7 billion as the Italian-American carmaker counters rising debt.... Read More »

 

Maserati beats Ferrari in Q3 profit on Montezemolo exit

Oct. 29, 2014 18:22 CET
Maserati's quarterly profit topped Ferrari's for the first time since it became part of Fiat Group more than 25 years ago. The main reason was that Ferrari took a big financial hit to part ways with Luca Cordero di Montezemolo.... Read More »

 

Penske Automotive eyes more growth overseas, retail truck stores

10:04 am U.S. ET | Oct. 29, 2014
Penske Automotive wants to grow by snapping up more car dealerships overseas and buying other businesses, such as heavy-duty retail truck stores. Penske said today it agreed to raise its stake in The Around The Clock Freightliner Group, a “heavy-duty retail truck dealership group” in Texas, Oklahoma and New Mexico. Penske said such businesses are attractive because they provide strong revenue with lower costs.... Read More »

 

Ford's Fields lunch auction draws top bid of $50,000 -- so far

3:57 pm U.S. ET | Oct. 29, 2014
The price to have lunch with Mark Fields? At least $50,000. The online auction featured on Charitybuzz, which raises money for nonprofits with celebrities and brands, opened October 15 and closes at 3 pm EDT on Thursday.... Read More »

 

LUCA CIFERRI

Ferrari will go public but remain private

3:40 pm U.S. ET | Oct. 29, 2014
Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group.... Read More »

 

Fiat Chrysler's growth plans clouded by Brazilian outlook

Oct. 29, 2014 11:52 CET
Fiat Chrysler aims to boost sales in Latin America by 44 percent over five years but a recent big drop in volume and weakening outlook in Brazil, the region's biggest economy, threaten to spoil its ambitions.... Read More »

 

VW to launch more than 20 EVs, plug-ins in China

Oct. 28, 2014 15:53 CET
Volkswagen Group said it will launch more than 20 electric vehicles and plug-in hybrids in China by the end of 2018, as it capitalizes on Beijing's support for low-emission vehicles in the country's campaign against pollution.... Read More »

 

Tesla stock bounces back 10% after Musk disputes WSJ on Twitter

4:05 pm U.S. ET | Oct. 28, 2014
Tesla CEO Elon Musk tweeted that sales of the electric Model S rose 65 percent in North America last month and reached a “record high” worldwide.... Read More »

 

GM says new Chevy Volt will be quicker and quieter

12:01 am U.S. ET | Oct. 28, 2014
The next-generation Chevrolet Volt plug-in hybrid will be quicker off the line, quieter and go farther in electric mode than its predecessor, General Motors engineers said today.... Read More »

 

Q&A

Geely's Horbury takes his auto design cues from a nation's style

12:01 am U.S. ET | Oct. 28, 2014
As a design leader at companies such as Ford and Volvo, Peter Horbury has always been the outsider with great insight, the foreigner able to identify style motifs native to a particular country and put them to good use.... Read More »

 

Betts leaves Chrysler after another poor quality showing

9:39 am U.S. ET | Oct. 28, 2014
Fiat Chrysler's quality chief has left the company, a day after the automaker ranked last in a closely watched scorecard on vehicle reliability in the United States. Doug Betts, 51, who joined Chrysler from Nissan in 2007, will “pursue other interests,” Chrysler said in a statement today.... Read More »

 

Obama administration eyes leadership change at NHTSA, report says

11:35 am U.S. ET | Oct. 28, 2014
The acting chief of the NHTSA, the top federal automotive safety regulator, is unlikely to be nominated for the job and an active search is under way to fill the position, a source familiar with the matter told Reuters on Monday.... Read More »

 

HANS GREIMEL

New Subaru marketing could foreshadow upmarket push

10:24 am U.S. ET | Oct. 28, 2014
If you liked the quality of Subaru cars before, you're going to love the “new” quality the brand aspires to. That's the marketing meme Subaru is cultivating in Japan under a “New Subaru Quality” push aiming to move its image upmarket.... Read More »

 

Hyundai Europe to add ix25 small SUV, source says

Oct. 28, 2014 15:36 CET
Hyundai will sell a version of the ix25 subcompact SUV in Europe and the U.S. starting in 2017, a company source told Automotive News Europe. The move would give Hyundai a competitor in Europe's booming small SUV segment.... Read More »

 

Ghosn sees more recalls to ensure quality

Oct. 27, 2014 16:03 CET
Renault-Nissan CEO Carlos Ghosn says consumers can expect more recalls as automakers work to keep customers happy and ensure minimal fuss over quality issues.... Read More »

 

Next-generation Wrangler will get an aluminum body

12:01 am U.S. ET | Oct. 27, 2014
It’s looking more and more like the next-generation Jeep Wrangler will have an aluminum body, keep its body-on-frame construction and remain built in Toledo, Ohio. That means Chrysler will likely produce more Wranglers for U.S. dealers and for export.... Read More »

 

Dodge brothers back in action in new TV spots

12:01 am U.S. ET | Oct. 27, 2014
The last time a Detroit automaker resurrected a dead guy for an ad campaign, the result was widely panned.... Read More »

 

FOREIGN FLAIR

Chinese carmakers import design talent to compete globally

12:01 am U.S. ET | Oct. 27, 2014
Not long ago, the styling of China's domestic brands was a laughingstock. Not anymore. Chinese automakers are hiring experienced foreign designers to mentor their fledgling programs.... Read More »

 

Continental eyes acquisition to reduce dependence on auto unit, report says

Oct. 27, 2014 15:37 CET
Continental is said to be looking for an acquisition in the industrial sector as it seeks to boost its proportion of industrial sales to 40 percent from close to 30 percent now to reduce its dependence on volatile car markets.... Read More »

 

Tenneco's adjusted Q3 net income rises 26% on record revenue

12:27 pm U.S. ET | Oct. 27, 2014
Tenneco, a supplier of ride control components and emission control systems, said today its adjusted third-quarter net income rose 26 percent from a year earlier to $78 million.... Read More »

 

THE GM RECALL

Deaths linked to GM's ignition switch rise to 30

12:08 pm U.S. ET | Oct. 27, 2014
A program to compensate victims of mishaps caused by a faulty ignition switch in General Motors' vehicles has approved one new death claim, bringing the total number of deaths linked to the switch so far to 30, according to a report released today.... Read More »

 

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Track, tech events draw crowds to Hoffman stores

Track, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
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