ExecutivesMichael 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, said Tuesday that he will retire as president and CEO of the Association of Global Automakers in early 2014.... Read More »
Tesla's loan payback would give Obama a green-energy win 10:48 am U.S. ET | May 22, 2013  Tesla Motors is giving President Barack Obama’s green-energy strategy its biggest win after almost two years of failures pounced upon by Republicans. The California automaker as early as today will become the first recipient of a federal Energy Department vehicle loan to pay off its debt.... 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 costsMay 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. saysMay 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 saysMay 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 contractMay 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 »
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' commentMay 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 »
Lutz's VL Automotive, Chinese supplier bid 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 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 »
Schaeffler confirms 2013 outlook, net debtMay 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 leadMay 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 »
TALK FROM THE TOP: MARK REUSS, NORTH AMERICAN PRESIDENT, GENERAL MOTORS GM seeks clean launch, regular updates for pickups 12:01 am U.S. ET | May 20, 2013  Mark Reuss, president of General Motors North America, says GM is staying vigilant on the June launch of the Chevrolet Silverado and GMC Sierra full-sized pickups, its most important rollout since the company's 2009 bankruptcy. He says GM is closely monitoring suppliers to avoid bottlenecks that could delay the launch or hurt quality.... Read More »
Mini's culture is as quirky as its cars 12:01 am U.S. ET | May 20, 2013  Mini is owned by BMW, but there's a broad gulf between the prestigious luxury marque and the funky small-car brand.... Read More »
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 Toyota's Lentz: 'It's really a three-horse race'Toyota's Jim Lentz believes the Camry will extend is 11-year reign as the best-selling car in the United... Mon., May 20» Watch the Video |
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