Daily Email Wednesday

RICHARD TRUETT

De Nysschen, 'Dare' I say, needs a better plan to rebuild Caddy's image

12:01 am U.S. ET | Feb. 24, 2015
An open letter to Cadillac boss Johan de Nysschen: Fixing Cadillac will be the biggest challenge of your career, a far larger task, even, than breathing new life into Audi. My brother is a perfect example why.... Read More »

 

Jaguar Land Rover 'is indeed looking' at N.A. plant, Tata says

11:16 pm U.S. ET | Feb. 24, 2015
Jaguar Land Rover is "indeed looking at North America as a location for another plant," said the chairman emeritus of owner Tata. His statement marks official confirmation of the British luxury maker's factory hunt.... Read More »

 

Tata plans image lift for ultracheap Nano

6:43 pm U.S. ET | Feb. 24, 2015
Tata Motors, producer of the car conceived as the world's cheapest, is rethinking the “cheap” part of it. The Indian automaker believes its Nano, which went on sale in 2009 with a price tag of about $2,500, may have been too inexpensive for its own good.... Read More »

 

Auto loan securitization probed by U.S., states

4:50 pm U.S. ET | Feb. 24, 2015
The Justice Department and state authorities are looking into the securitization of auto loans for possible fraud as part of an effort to seek out emerging areas of abuse, Acting Deputy Attorney General Sally Quillian Yates said.... Read More »

 

Buffett, Soros boost stakes in GM, report says

8:00 am U.S. ET | Feb. 18, 2015
Warren Buffett and George Soros, the billionaires making headlines with moves to invest in auto retail, have boosted their stakes in General Motors, The Wall Street Journal reported.... Read More »

 

Ex-GM CEO Akerson cautions Apple on trials of making cars

6:15 am U.S. ET | Feb. 18, 2015
Dan Akerson, retired CEO of GM, said Apple should steer clear of the business of making cars, though a push into automobile electronics would be a better move for the iPhone maker.... Read More »

 

Cadillac launches brand-building ad for Oscars night

1:30 pm U.S. ET | Feb. 18, 2015
Cadillac will debut its new advertising direction during the Oscars broadcast Sunday with a contemplative commercial that quotes from a Teddy Roosevelt speech, anchored by the tag line "Dare Greatly."... Read More »

 

Volvo touts redesigned XC90 as rebirth of the brand

4:00 pm U.S. ET | Feb. 18, 2015
Volvo is targeting U.S. sales of 28,800 in a full year for the redesigned XC90 crossover that goes on sale in May. Volvo is heralding the crossover -- with new Scandinavian styling, a roomier interior and semiautonomous driving and safety features -- as the rebirth of the Swedish brand.... Read More »

 

JIM HENRY

GM Financial-Chevy lease exclusivity seems likely

11:15 am U.S. ET | Feb. 18, 2015
There wasn't much doubt, but General Motors disclosed for the first time in an SEC filing that it is considering plans to throw all Chevrolet lease incentives to GM Financial instead of sharing them among GM Financial, Ally Financial and U.S. Bank.... Read More »

 

JAMIE LaREAU

Buyers make big bets on dealerships in a seller's world

9:55 am U.S. ET | Feb. 18, 2015
You know it is a seller's market when the seller can dictate all the shots, and I mean all the shots. I was speaking to a buy-sell adviser this week, who shared an unsolicited anecdote because this adviser was so awe struck by it.... Read More »

 

Family owners of Ferrari say they will not sell stake

10:36 am U.S. ET | Feb. 18, 2015
Piero Ferrari, son of the eponymous luxury sports car company's founder Enzo Ferrari, said today he had no intention to sell the 10 percent stake his family owns in the company.... Read More »

 

Japanese auto workers demand raises as profits approach $34 billion

7:00 am U.S. ET | Feb. 18, 2015
Japan's auto workers are asking their employers for a bigger share of their projected 4 trillion yen ($33.6 billion) in annual profit in the form of a raise for the next fiscal year.... Read More »

 

GRAHAM KOZAK

National Corvette Museum -- a year after the sinkhole

10:45 am U.S. ET | Feb. 17, 2015
The National Corvette Museum in Bowling Green, Ky., seems well-positioned to recover from a devastating sinkhole and remain standing on firm ground.... Read More »

 

Rolls-Royce gives OK to super-luxury SUV

7:19 pm U.S. ET | Feb. 17, 2015
Rolls-Royce, entering a hot market segment where rivals have already pushed ahead, will develop an SUV in a major diversification for the 111-year-old British brand known for its luxury limousines.... Read More »

 

Weaker loonie no savior for Canada's ailing auto industry

9:06 pm U.S. ET | Feb. 17, 2015
A strong Canadian dollar has wounded the country's auto manufacturing sector over the last decade, but the currency's recent drop to a near six-year low is unlikely to spur a rush of new investment, senior industry executives say.... Read More »

 

Mercedes-Maybach Pullman S600 limo to debut at Geneva auto show

7:02 pm U.S. ET | Feb. 17, 2015
Mercedes-Benz unveiled the first images of the 2016 Mercedes-Maybach Pullman S600 limousine prior to its debut at the Geneva Motor Show next month.... Read More »

 

Wilson sees plenty to fix at GM

12:47 pm U.S. ET | Feb. 11, 2015
Harry Wilson has made it clear that General Motors' inert cash pile is just the first problem he would like a chance to fix if he gets himself elected to GM's board. "This is certainly much broader than a capital return question," Wilson said Tuesday.... Read More »

 

GM was considering buyback since before activist pressure, report says

3:46 pm U.S. ET | Feb. 11, 2015
Even before former Treasury official Harry Wilson showed up at General Motors asking for a share buyback, the automaker was considering just such a move that could come later in this year, a person familiar with the matter told Bloomberg.... Read More »

 

2015 CHICAGO AUTO SHOW

Ford to unveil Police Interceptor Utility

10:56 am U.S. ET | Feb. 11, 2015
It's not a 600-hp supercar, but Ford is unveiling a vehicle Thursday at the Chicago Auto Show that most people would find even more intimidating if it suddenly appeared in their rearview mirror.... Read More »

 

Penske Automotive reports 23% gain in Q4 net income

10:20 am U.S. ET | Feb. 11, 2015
Strong year-end vehicle sales, gains in service and parts gross margins and investments in US commercial vehicle businesses pushed Penske Automotive Group to a 23 percent gain in net income during the fourth quarter.... Read More »

 

Patent 'trolls' target automakers, and Ford pushes back

6:42 am U.S. ET | Feb. 11, 2015
Ford was sued for patent infringement more than a dozen times between 2012 and 2014 by so-called “patent trolls.” These outfits, also known as patent assertion companies, initiate patent cases but don't sell products of their own. Now they're targeting automakers, but Ford is pushing back.... Read More »

 

VINCE BOND JR.

Brady handoff generates more publicity for Colorado

12:31 pm U.S. ET | Feb. 11, 2015
Super Bowl MVP Tom Brady made his final handoff of the season Tuesday, a new Chevrolet Colorado for teammate Malcolm Butler. Brady's gesture gives Chevy another infusion of publicity for the Colorado.... Read More »

 

Honda to add capacity in Ohio, anticipating truck boom

11:39 am U.S. ET | Feb. 11, 2015
Honda plans to spend $85 million to enable its East Liberty, Ohio, plant to produce a fourth nameplate, a move stemming from the company's bullish outlook for North American truck sales.... Read More »

 

U.S. prosecutors settle bias case against auto lender-dealers

10:02 am U.S. ET | Feb. 11, 2015
The Justice Department said it reached a settlement in its first-ever discrimination case against auto dealers who also finance the purchase of used cars.... Read More »

 

Honda shines in Best Cars for the Money awards

12:01 am U.S. ET | Feb. 11, 2015
Honda claimed nearly a third of US News & World Report's 2015 Best Cars for the Money awards, leading a pack of mostly import winners.... Read More »

 

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