NEWS ANALYSIS

After Piech quits, VW's search begins for perfect chairman

April 27, 2015 18:09 CET

After Ferdinand Piech's resignation as chairman, VW's supervisory board has an opportunity to give stakeholders and investors clarity regarding the automaker's long-term future while simultaneously setting up the automaker for even bigger financial gains. The trick will be picking the perfect successor to Piech.... Read More »

CHRISTIAAN HETZNER

BLOG: Why Piech's departure is bad for the industry

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

The stunning resignation of VW Chairman Ferdinand Piech robs the industry of perhaps its most fascinating figure. The gifted engineer is the only third-generation member of the Porsche-Piech clan to display the same extraordinary talent as his grandfather, Beetle creator Ferdinand Porsche, and uncle Ferry Porsche.... Read More »

Senate bill would reward workers for reporting safety concerns to regulators

5:31 pm U.S. ET | April 27, 2015

The U.S. Senate is nearing approval of a bipartisan bill that would give financial incentives to employees at automakers and suppliers who report safety defect concerns to regulators.... Read More »

GM ignition-switch death toll rises to 90

4:35 pm U.S. ET | April 27, 2015

The death count from General Motors' defective ignition switch has risen to 90, three more than a week earlier. Eligible injury claims have reached 163, six more than last week.... Read More »

VIDEO: AutoNews Now: Piech down, likely not out

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

Family owns 51 percent of VW; AutoNation Ford dealership gutted; April U.S. sales forecasts; Mitsu switching to Ally.... Read More »

Ally to take over Mitsubishi's U.S. lending arm

1:26 pm U.S. ET | April 27, 2015

Mitsubishi, one of the smallest car companies with a captive finance arm in the United States, is selling its book of business to Ally Financial, the former lending division of General Motors.... Read More »

Tenneco Q1 net income up 6.5%; revenue hit by exchange rates

3:05 pm U.S. ET | April 27, 2015

Ride control and emission control supplier Tenneco reported net income improvement and adjusted revenue growth for the first quarter.... Read More »

AutoNation Ford store in Bellevue, Wash., burns down

10:45 am U.S. ET | April 27, 2015

AutoNation Ford Bellevue in Washington state was still burning today after a fire tore through the dealership Saturday morning. The local fire department is calling it a total loss.... Read More »

How Hummer maker, Mercedes came together

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

Production of the Mercedes-Benz R class will begin on the line that once made Hummer H2s for General Motors, just a stone's throw from where AM General builds light tactical military vehicles for the U.S. and other governments. The Mercedes contract gives AM General a chance to reinvigorate contract manufacturing in the U.S.... Read More »

DIAL IT DOWN

Are automakers addicted to in-car features overload?

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

Automakers are confusing customers by overloading vehicles with an array of infotainment features, many of which are never used. Panelists at the SAE Congress in Detroit said the industry needs to rethink in-car systems with the goal of adding simplicity and reducing distraction.... Read More »

Best April sales in decade expected, driven by light trucks

1:09 pm U.S. ET | April 27, 2015

New-vehicle sales in the United States are projected to reach the highest April level in a decade, capping the best four-month start to a year since 2001. Four forecasts -- calling for a year-over-year increase of about 5 percent to 6 percent this month -- show the industry remains on track to finish 2015 right around 17 million units, a threshold last crossed in 2001. TrueCar.com recently increased its full-year forecast to 17.... Read More »

VIDEO: Snyder on insurance costs and car choice

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

Opinion Editor Jesse Snyder explains how insurance costs could influence car choices in various states.... Read More »

LEADERSHIP CRISIS AT VOLKSWAGEN

VW board members demanded Piech go after learning of secret plot

April 27, 2015 08:38 CET

Ferdinand Piech, who resigned as chairman of VW Group over the weekend, caused his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board.... Read More »

Sogefi names for Faurecia exec as new CEO

April 27, 2015 15:58 CET

Italian supplier Sogefi has named Laurent Hebenstreit as its new CEO. Hebenstreit, 54, a former director at Faurecia and Plastic Omnium, will succeed Guglielmo Fiocchi, who left the company late last year.... Read More »

Public dealerships plan for growth

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

AutoNation, Sonic, Asbury and Lithia gave updates on their new projects as they reported generally robust first-quarter earnings. Here's what they said.... Read More »

Tesla hit by hackers on Twitter, media-relations email accounts

8:14 am U.S. ET | April 27, 2015

Tesla's Twitter feed and its media-relations email account were hacked Saturday, with the electric-car maker becoming the latest victim of online vandals.... Read More »

Piech, Wiedeking unlikely to testify in hedge-fund case against Porsche SE

April 27, 2015 15:20 CET

Hedge funds involved in a legal fight against Porsche SE seemed to score a victory when a German court asked 21 people, including former VW Chairman Ferdinand Piech and ex-Porsche CEO Wendelin Wiedeking, to testify. The catch is most won't talk.... Read More »

RAJ SUNDARAM

Loans are at a healthy, rational level

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

While it's worthwhile to remember key lessons from the 2008 financial crisis, today's conditions in automotive subprime bear virtually no resemblance to the mortgage issues that precipitated that fateful bubble, says Raj Sundaram, co-president of Dealertrack Inc.... Read More »

LEADERSHIP CRISIS AT VOLKSWAGEN

Piech exit to shake up VW's politburo, creating U.S. opportunity

April 27, 2015 12:00 CET

The sudden departure of VW Group Chairman Ferdinand Piech may loosen his politburo-style management on the automaker, which could help VW finally start making cars Americans want to buy.... Read More »

VIDEO: First Shift: Piech case of self-destruction?

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

Report: VW chair quit after plot exposed; Hyundai's shareholder move; Tesla hacked; Cadillac's hopes for ATS-V.... Read More »

Hyundai to create shareholder-rights group after land deal irks investors

7:23 am U.S. ET | April 27, 2015

Hyundai Motor will establish a committee to represent shareholder interests when the board makes key decisions such as acquisitions, heeding calls from investors angered over a $10 billion land purchase last year.... Read More »

VW investors hope Piech exit may usher in change

7:09 am U.S. ET | April 27, 2015

Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech.... Read More »

Peugeot family to meet over future of its PSA stake, report says

April 27, 2015 11:27 CET

The Peugeot family plans to hold a meeting in June to work out its differences over the future of its 14.1 percent stake in PSA/Peugeot-Citroen, a newspaper reported today.... Read More »

GM to give Kettering University $4 million for proving ground, powertrain lab

6:38 am U.S. ET | April 27, 2015

Kettering University, which taught General Motors leaders such as CEO Mary Barra, is getting a $4 million gift from the carmaker to build a proving ground and powertrain test lab.... Read More »

Ford's Sync 3 debut, vehicle launches are out of sync

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

The 2015 Ford Edge has been on sale for only a month, but it's already about to be out-of-date. Ford Motor Co. plans to start rolling out Sync 3, its replacement for the MyFord Touch infotainment system, starting this summer.... Read More »

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
News by Brand