Daily Email Wednesday

GM to invest $800 million to renovate operations, add 1,750 jobs in Michigan

6:07 pm U.S. ET | July 22, 2014
GM plans to invest $800 million in Michigan as part of plans to renovate facilities throughout the state to support future vehicle platforms and programs. The company will also add 1,750 jobs in the state after consolidating various engineering functions outside Michigan to a site in Michigan, the state said Tuesday in enhancing economic development incentives for the automaker.... Read More »

 

Kia in talks to open $1.5 billion Mexico assembly plant, report says

6:52 pm U.S. ET | July 22, 2014
Kia is in talks with Mexico to open a new auto assembly plant worth at least $1.5 billion, officials from Nuevo Leon's state government told Reuters. The factory, which sources say will have an annual capacity of some 300,000 cars, would be built on the northeastern fringe of the city of Monterrey.... Read More »

 

Tesla asks hackers at Beijing contest to report vulnerabilities

8:26 am U.S. ET | July 16, 2014
Tesla Motors, whose Model S sedan is the target of a hacking contest in Beijing starting today, said it will investigate and rectify any vulnerabilities discovered as a result of the competition.... Read More »

 

SUVs, crossovers top sedans in popularity for first time

2:35 pm U.S. ET | July 16, 2014
The American love affair with SUVs and crossovers has pushed the segments to a new milestone. SUVs and crossovers combined accounted for 36.5 percent of the U.S. light-vehicle market through May compared with the sedan segment's 35.4 percent share.... Read More »

 

Penske Automotive hikes cash dividend again

11:54 am U.S. ET | July 16, 2014
Penske Automotive Group raised its quarterly cash dividend to 20 cents per share from 19 cents.... Read More »

 

BMW to recall 1.6 million 1999-2006 3-series cars to replace Takata airbags

7:58 am U.S. ET | July 16, 2014
German automaker BMW said today it is recalling about 1.6 million cars worldwide to replace passenger-side front airbags made by Takata Corp. because the inflators could break apart during deployment and injure passengers.... Read More »

 

Daimler seeks to jumpstart Smart with revamped ForTwo, new 4-seat model

10:10 am U.S. ET | July 16, 2014
Smart took the wraps off a four-seat model that it hopes will give the small-car brand a more solid foundation. The new ForFour was unveiled today alongside the latest version of the ForTwo two-seater.... Read More »

 

Ford to tout new F-450 towing capacity, hp, torque as best in class

12:29 pm U.S. ET | July 16, 2014
In new spots appearing this fall, Ford will claim that the heavy-duty F-450 is capable of a best-in-class towing capacity of 31,200 pounds, an increase of 6,500 pounds over that of the current model.... Read More »

 

GM's global sales rise 0.5% in 2nd quarter, trail VW

1:34 pm U.S. ET | July 16, 2014
GM's global auto sales rose 0.5 percent to 2.51 million during the second quarter as the automaker's tally of vehicle recalls in North America reached a record. GM sold 4.92 million cars and trucks during the first six months, a 1.4 percent gain from a year earlier.... Read More »

 

VW sets sights on Apple-like model updates with speed task force

1:04 pm U.S. ET | July 16, 2014
VW plans to mimic the fast-paced rollouts of products made by the likes of Apple to adapt quicker to changing customer demands for technology in its cars.... Read More »

 

Tesla settles lemon law case with Wisconsin man for $126,836

2:57 pm U.S. ET | July 16, 2014
Tesla agreed to settle the first lemon law suit filed against the company, Wisconsin lawyer Vince Megna said.... Read More »

 

Hide No Harm Act would fine, imprison execs who conceal product dangers

10:19 am U.S. ET | July 16, 2014
Two senators today unveiled a bill prompted by the General Motors recalls over defective ignition switches that would make it a crime for corporate officers to conceal dangers posed by their products.... Read More »

 

Visteon transferring $350 million in pension assets to Prudential

1:40 pm U.S. ET | July 16, 2014
Visteon entered into an agreement to transfer a portion of its U.S. pension assets to Prudential Insurance of America as part of its ongoing restructuring.... Read More »

 

LINDSAY CHAPPELL

Will de Nysschen take Caddy into small cars?

1:01 pm U.S. ET | July 16, 2014
Johan de Nysschen is barely a week into his new job as president of Cadillac. It will take some time to learn what he will attempt to do there.... Read More »

 

Tesla Model III to start at $35,000, compete with BMW 3 series

6:37 am U.S. ET | July 16, 2014
Tesla Motors said Tuesday that its lower-priced successor to the Model S sedan and upcoming Model X crossover, expected to go on sale in 2017, will be named the Model III.... Read More »

 

Nissan latest automaker to suspend South Africa production amid strike

8:18 am U.S. ET | July 16, 2014
Nissan joined carmakers including Toyota and Ford in halting production in South Africa as a strike by metalworkers cut auto-component supplies.... Read More »

 

Toyota delays delivery of 23,000 vehicles covered by neighbor's tar, soot

7:18 am U.S. ET | July 16, 2014
Toyota has to delay delivery of thousands of vehicles, including some 20,000 for export, because it has to clean up a mess left by a neighbor.... Read More »

 

THE GM RECALL

GM revises way legal staff handles safety suits

9:35 pm U.S. ET | July 15, 2014
GM has hired an outside legal firm to review the company's litigation practices and has revised the way it handles civil lawsuits so that cases involving serious injuries or deaths will be reviewed by the company's general counsel and engineering staffs, GM's top lawyer plans to tell a Senate panel on Thursday.... Read More »

 

Driverless cars will require industry shift, Nissan scientist says

10:17 pm U.S. ET | July 15, 2014
Automakers intending to bring driverless cars to market need to work as much on software design as mechanical engineering, the researcher leading Nissan’s automated-vehicle program says.... Read More »

 

2015 Tokyo Motor Show to return to October after schedule mishap

11:03 am U.S. ET | July 15, 2014
The Tokyo Motor Show, accidentally booked last year to overlap with shows in Los Angeles and Guangzhou, will return to its traditional late October slot in 2015 in a bid to boost overseas attendance.... Read More »

 

Hyundai, Kia tune into tuning

12:01 am U.S. ET | July 14, 2014
A wave of deregulation has opened the door for Hyundai and Kia to finally bring out some bling.... Read More »

 

Ford's Odell says European recovery still shaky

11:49 am U.S. ET | July 9, 2014
Ford's European operations are sharing in the industry's modest sales recovery this year, but Ford of Europe President Stephen Odell warned today that some of the region's underlying economic weaknesses still pose a threat.... Read More »

 

Superior investor touts board slate in proxy fight

4:12 pm U.S. ET | July 9, 2014
GAMCO Asset Management, the largest institutional shareholder of aluminum wheel supplier Superior Industries, today unveiled its slate of board nominees it wants shareholders to elect at Superior's annual meeting next month.... Read More »

 

LARRY P. VELLEQUETTE

Minivans are too practical to have the reputation they have

3:13 pm U.S. ET | July 9, 2014
If all vehicles represent compromises to necessity, I would argue that minivans are the least compromised of any segment.... Read More »

 

Penske Logistics to close site servicing Ford

3:20 pm U.S. ET | July 9, 2014
Penske Logistics, the lead logistics provider for Ford in North America, plans to shut down a site south of Detroit in September and cut 183 jobs.... Read More »

 

Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
» Watch the Video
     
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