Executives

Maserati's profits will recover with Levante SUV, Marchionne says

July 31, 2015 11:44 CET

Maserati's profits will recover when the brand launches its first SUV next year, Fiat Chrysler CEO Sergio Marchionne said. Maserati's second-quarter earnings fell by 30 percent and global vehicle sales were down 13 percent.... Read More »

JULY U.S. AUTO SALES

GM pulls back on rental fleet sales, seeks better margins

11:44 am U.S. ET | July 30, 2015

General Motors will probably report weaker sales than some key rivals do in July. The largest U.S. automaker said that's because it's selling fewer vehicles to rental-car agencies -- not a lack of love in dealer showrooms.... Read More »

Amazon hires ex-Top Gear presenter Clarkson for TV series

11:02 am U.S. ET | July 30, 2015

Jeremy Clarkson, the TV presenter who was ousted as host of “Top Gear” this year, will front a new show on Amazon.com in 2016, underscoring the online retailer's drive to push its streaming service with big-ticket names.... Read More »

Audi cuts global car sales outlook on China

July 30, 2015 11:57 CET

Audi lowered its global sales forecast for this year because of slumping demand in China, its biggest market. The automaker expects global deliveries to increase between 3 percent and 4 percent from a record 1.74 million sales in 2014.... Read More »

French minister sees smoother return to Iran for Renault than PSA

July 30, 2015 12:47 CET

PSA/Peugeot-Citroen, previously the market leader in Iran, could find it more difficult to return to the country than rival Renault following a dispute over the carmaker's 2011 market exit, Laurent Fabius, France's foreign minister, said after talks with Iranian leaders.... Read More »

Penske Automotive Q2 earnings rise 29.5%

9:06 am U.S. ET | July 29, 2015

Penske Automotive Group reported second-quarter net income rose 29 percent driven largely by a higher volume of vehicle sales and a solid performance in all business segments.... Read More »

Tesla offers $1,000 referral incentive on Model S

4:09 pm U.S. ET | July 29, 2015

Tesla, testing the power of viral marketing to sell its EVs, will offer a word-of-mouth discount on the Model S through the end of October, with both referrer and buyer receiving $1,000.... Read More »

GM to invest $1 billion in India, plans to double market share by 2020

6:59 am U.S. ET | July 29, 2015

General Motors plans to invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said today.... Read More »

PSA says anti-French backlash weighs on Iran talks

July 29, 2015 12:20 CET

PSA's talks on a manufacturing venture with Iran's biggest carmaker are being undermined by anti-French sentiment in the country, CEO Carlos Tavares said. Iranians are hostile because France took a tough line in talks to lift international sanctions against Iran.... Read More »

Nissan backs away from dealer ad attacking Trump for denouncing Mexican immigrants

9:00 pm U.S. ET | July 28, 2015

Nissan distanced itself from a controversial ad created by a California dealership that shows store managers whacking away at a Mexican piņata resembling Republican Party presidential candidate Donald Trump.... Read More »

Hyundai compact truck based on Santa Cruz concept set for approval

3:15 pm U.S. ET | July 28, 2015

Positive public reaction on the auto show circuit has reportedly helped persuade Hyundai to build the Santa Cruz truck.... Read More »

GM plans $5B vehicle family for emerging markets

12:01 am U.S. ET | July 28, 2015

GM plans to spend $5 billion over the next several years to develop a new range of technology-rich small cars, based on a common architecture, that will be built and sold under the Chevrolet name in China, Brazil, India, Mexico and other emerging markets.... Read More »

RICHARD TRUETT

BLOG: GM's new powertrain boss, with bases covered, aims for high batting average

12:00 pm U.S. ET | July 28, 2015

Dan Nicholson is charged with ensuring GM Powertrain does its part to improve the fuel economy of the company's North American vehicles about 5 percent a year to reach the 2025 fleet average of 54.5 mpg target set by the U.S.... Read More »

Aston Martin looks at more than 10 sites for new factory

July 28, 2015 06:01 CET

Aston Martin is reviewing more than 10 sites in Europe, the U.S. and other global locations for a new factory to build its first crossover.... Read More »

J FERRON

Thinking outside the customers' box

12:01 am U.S. ET | July 27, 2015

Innovation drives the automotive industry. But what drives innovation? I get that question all the time in the Automotive News PACE Awards Program, now in its 22nd year, where independent judges study companies that commercialize innovative products and processes. How companies innovate is only the starting point. More important is understanding why they risk capital and resources.... Read More »

TrueCar works on relationships

12:01 am U.S. ET | July 27, 2015

TrueCar's dealer relations ranks are getting a tune-up this summer, with a longtime industry insider leaving and two new execs joining the company. Separately, the company said problems converting enough shoppers into buyers hurt its second-quarter results.... Read More »

Dodge cancels unfilled '15 Hellcat orders, doubles '16 output

12:01 am U.S. ET | July 27, 2015

Dodge will more than double Hellcat Charger and Challenger production for 2016. But about 900 unfilled 2015 orders will be canceled.... Read More »

Sonic President Scott Smith named CEO

12:10 pm U.S. ET | July 27, 2015

Sonic Automotive is shuffling some executive positions, naming its co-founder Scott Smith to the post of CEO, effective immediately, the company said in a statement today.... Read More »

Honda's Accavitti leaves top post at Acura

5:45 pm U.S. ET | July 27, 2015

Mike Accavitti, vice president and general manager of Acura, has abruptly left the company and has been replaced by Jon Ikeda, American Honda Motor said. Ikeda was formerly division director of auto design at Honda's R&D Americas division and has been with Honda since 1989.... Read More »

FCA pact gives broad powers to NHTSA monitor

12:40 pm U.S. ET | July 27, 2015

The National Highway Traffic Safety Administration's consent agreement with Fiat Chrysler Automobiles grants sweeping powers to an independent monitor tasked with overseeing the company's safety operations, deepening the federal government's role in direct oversight over individual automakers.... Read More »

Why Hall-of-Famer Penske did not succeed Iacocca

12:01 am U.S. ET | July 27, 2015

Roger Penske, who was inducted into the Automotive Hall of Fame last week, nearly replaced Lee Iacocca as chairman of Chrysler Corp. in 1991. But it became clear to Penske that Iacocca did not plan to retire anytime soon. Iacocca has his own version of the story.... Read More »

GM fund approves 3 more serious-injury claims

10:43 am U.S. ET | July 27, 2015

Three more serious injuries have been linked to General Motors defective ignition switches, the office of attorney Kenneth Feinberg said.... Read More »

U.S. automakers leery of Pacific trade deal as talks near end

6:54 am U.S. ET | July 27, 2015

U.S. automakers typically back trade agreements that open markets for their products, yet they aren't cheering for a pact among 12 Pacific nations that's entering its final negotiations.... Read More »

Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET

Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia.... Read More »

Daimler will test self-driving trucks this year, report says

July 27, 2015 11:23 CET

Daimler is planning to test self-driving trucks as early as this year, Wolfgang Bernhard, chief of the automaker's trucks business, told a German newspaper.... Read More »

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