oem coverageFord joins driverless car stampede 4:19 pm U.S. ET | Dec. 12, 2013  Add Ford to the growing list of automakers working to bring driverless cars to the market. Ford announced a partnership with the University of Michigan and State Farm Mutual Automobile Insurance to test how the technology might be applied to reduce congestion and improve traffic safety.... Read More »
In Japan, Honda pegs wage hikes to profit despite government appeals 9:44 pm U.S. ET | Dec. 12, 2013  Honda Executive Vice President Tetsuo Iwamura said the Japanese automaker will set pay based on reaching profitability targets, rather than government directives on how fast to increase compensation.... Read More »
Ford board to press Mulally on future plans, report says 6:08 am U.S. ET | Dec. 12, 2013  Ford's board of directors plans to press CEO Alan Mulally as early as this week for a decision on his future, as speculation intensifies that he may be offered the CEO post at Microsoft.... Read More »
GM yet to reap full benefits of Peugeot alliance, European partnerships 6:58 am U.S. ET | Dec. 12, 2013  General Motors scaled back its alliance with Peugeot -- while announcing plans to sell its 7 percent stake in the French automaker -- and put a brave face on yet another setback for its efforts to seek growth in Europe through collaboration and partnerships.... Read More »
EPA says fuel economy of 2012 models sold in U.S. hit record 23.6 mpg 4:06 pm U.S. ET | Dec. 12, 2013  Higher sales of vehicles with smaller engines, gasoline-electric hybrids and diesel powertrains helped boost the average fuel economy of 2012 new vehicles sold in the United States 1.2 mpg to 23.6 mpg, an all-time high, according to the EPA’s Trends Report issued today.... Read More »
Federal-Mogul names new CFO 3:33 pm U.S. ET | Dec. 12, 2013 Diversified parts supplier Federal-Mogul said it hired longtime finance executive Rajesh Shah to senior vice president and CFO. Shah, 62, replaces Alan Haughie, who resigned from the position in August. Haughie later became CFO of ServiceMaster.... Read More »
Ford plans to add thousands of jobs, 3 plants and 23 vehicles 3:00 pm U.S. ET | Dec. 12, 2013  A confident Ford Motor said today that it plans to add 5,000 jobs in the United States in 2014, open two plants in Asia Pacific and one in South America, and launch 23 vehicles globally.... Read More »
Firm created by Microsoft co-founder invests $30M in TrueCar 2:02 pm U.S. ET | Dec. 12, 2013  TrueCar, reportedly considering an initial public offering next year, said Vulcan Capital -- a private equity firm created by Microsoft co-founder Paul Allen -- has invested $30 million in the vehicle-shopping site.... Read More »
GM to sell PSA stakeDec. 12, 2013 18:35 CET  GM is selling its entire 7 percent stake in PSA while scaling back efforts to jointly develop vehicles with the French automaker. GM said it will sell its 24.8 million shares through a private placement to institutional investors. GM acquired the shares in February 2012 for about $400 million.... Read More »
Opel, PSA end plans for shared subcompact platformDec. 12, 2013 11:06 CET  GM's Opel unit and partner PSA said they are abandoning plans to co-develop a common platform for subcompact cars.... Read More »
Browning quits as head of VW of AmericaDec. 12, 2013 15:54 CET  Jonathan Browning, a former GM Europe executive, has been replaced as CEO of Volkswagen Group of America, capping a year of struggle for the German brand in the United States.... Read More »
GM to unload 7% stake in French automaker PSA Peugeot 12:35 pm U.S. ET | Dec. 12, 2013  GM is selling its entire stake in PSA Peugeot Citroen while scaling back efforts to jointly develop vehicles with the French automaker. GM said it will sell its 7 percent stake, or 24.8 million shares, through a private placement to institutional investors. GM acquired the shares in February 2012 for about $400 million.... Read More »
General Motors sells Ally stake for $900 million 12:20 pm U.S. ET | Dec. 12, 2013  GM completed the sale of its 8.5 percent stake in Ally Financial for about $900 million as the automaker moves to sever ties from its former financing arm.... Read More »
Toyota wants TNGA platform to close gap with VW, HyundaiDec. 12, 2013 17:00 CET  The Toyota New Global Architecture will cut development costs by 20 percent to 30 percent and help create more appealing products to better compete with VW and Hyundai, a top r&d executive told Automotive News Europe.... Read More »
GM gives PSA backing for Dongfeng dealDec. 12, 2013 08:53 CET  PSA has won GM's backing for a tie-up with China's Dongfeng Motor, the French automaker said, adding that the partners have lowered the savings goals for their scaled-down European alliance.... Read More »
SGL says up to 300 jobs affected by cost-cutting programDec. 12, 2013 06:01 CET German carbon fiber specialist SGL Group said that its global work force will be reduced by up to 300 jobs as part of a cost-cutting program.... Read More »
LUCA CIFERRI A Range Rover, a ski jump and a leap of faith 6:06 am U.S. ET | Dec. 12, 2013  Sometimes you've got to relinquish complete control to a silicon brain. My experience took place in a Range Rover Sport on the ridiculously steep landing area for a ski jump in Germany's Black Forest.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Hyundai aims higher with new i10Dec. 12, 2013 06:15 CET  Hyundai has positioned the new i10 higher than the outgoing model by making it bigger, more attractive and much better equipped.... Read More »
Hyundai reveals Europe-designed Intrado fuel cell conceptDec. 12, 2013 06:01 CET  Hyundai has offered a glimpse of its Intrado fuel cell concept vehicle that was styled at the automaker's r&d center in Germany. The concept will debut at the Geneva auto show.... Read More »
Daimler to name ex-BMW CEO Pischetsrieder to supervisory board, report saysDec. 12, 2013 09:41 CET  Daimler will name Bernd Pischetsrieder, a former CEO of rival premium carmaker BMW, to its supervisory board next year, a German business newspaper reported.... Read More »
GM exodus would put Australian auto industry near extinction 8:57 am U.S. ET | Dec. 11, 2013  Australia's century-old automotive industry is stepping closer to extinction after GM joined Ford in deciding to stop making cars in the country -- and Toyota appears likely to be the next to exit.... Read More »
PSA and Dongfeng agree deal outline, report saysDec. 11, 2013 17:57 CET  PSA and Dongfeng Motor have agreed on the main terms of an alliance backed by a $4.1 million to $5.5 billion capital injection for the French carmaker, the Financial Times reported.... Read More »
JIM HENRY Pony car offers plenty of F&I opportunities 12:01 am U.S. ET | Dec. 11, 2013  Ford brand salespeople will find a lot to like in the redesigned 2015 Ford Mustang. So will Ford F&I managers.... Read More »
LARRY P. VELLEQUETTE Why dealers should hire teachers, not tech guys, to deliver cars 2:35 pm U.S. ET | Dec. 11, 2013  Most dealers right now are struggling with a fundamental part of their business: how best to deliver sold cars. Specifically, how should dealers educate their paying customers on all the cool technology that a new car, pickup or SUV contains?... Read More »
Incoming GM CEO Barra seen as winner early in careerDec. 11, 2013 10:44 CET  Until two years ago, Mary Barra, who was named as incoming GM CEO, was little known outside the automaker. But her rapid rise inside the company was signaled more than a decade ago.... Read More »
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Special Report
 Ohio dealer shuns status quo, builds 'technician heaven'Bernie Moreno defied conventional wisdom and expanded his Ohio dealership group amid the recession while fostering a culture that aims to create a 'place of delight' for consumers. Mon., December 9» Watch the Video |
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