Daily Email Friday

Toyota signs on as global Olympics sponsor

7:05 am U.S. ET | March 13, 2015

Toyota signed on as a worldwide Olympics sponsor Friday in a long-term deal reportedly worth $835 million. The deal starts in 2017 and runs through the 2024 Olympics, including the 2020 summer games in Tokyo. Toyota becomes the first car company ever signed up by the International Olympic Committee for its top-tier sponsorship program.... Read More »

Hyundai mulls measures to improve corporate governance

4:34 am U.S. ET | March 13, 2015

Hyundai will consider a shareholder proposal to set up a corporate governance committee to improve its decision-making, co-CEO Kim Choong Ho said.... Read More »

Tesla reassigns sales chief amid search for regional executives

12:34 am U.S. ET | March 13, 2015

Tesla is looking to hire executives to run sales operations in North America, Asia and Europe as it seeks to rapidly increase deliveries. Jerome Guillen, vice president of global sales and service, will return to a customer-satisfaction role.... Read More »

Oregon prepares nation's first per-mile road tax

3:33 pm U.S. ET | March 6, 2015

Some states, worried that rising numbers of electric and fuel-efficient vehicles will crimp their gas-tax revenues, are looking at alternative ways to fund road upkeep. In July, Oregon will implement the first such alternative.... Read More »

Marchionne's pay package valued at $34 million for 2014, including special bonus

12:38 pm U.S. ET | March 6, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne earned a pay package currently valued at 31.3 million euros ($34 million) last year, including a bonus for cementing a deal that created the world's seventh-largest carmaker, a regulatory filing showed.... Read More »

GABE NELSON

BLOG: Tesla is all smiles on 'gigafactory' progress

3:00 pm U.S. ET | March 6, 2015

For most car companies, a construction delay is an annoyance. But for Tesla, which is betting the company on a $5 billion “gigafactory” for lithium ion batteries in Nevada, it's an existential fear.... Read More »

NEWS ANALYSIS

Silicon Valley debate on self-driving cars may focus on the need for a map

3:49 pm U.S. ET | March 6, 2015

The Silicon Valley race to build a self-driving car may revolve around one simple question: to map or not to map. The company at the forefront of the race, Google, is creating intricate maps that detail everything along the road. Newer entrants such as Apple could take a shortcut.... Read More »

LINDSAY CHAPPELL

BLOG: Why Renault should plan a U.S. return

2:07 pm U.S. ET | March 6, 2015

France's Renault brand will eventually return to the US market, I do predict. Not any time soon, I will concede. But sooner or later.... Read More »

Nissan expands recall to address Altima hoods that may fly open

9:28 am U.S. ET | March 6, 2015

Nissan expanded the North American recall of its top-selling Altima sedan to about 878,000 vehicles because a secondary hood latch may fail and cause the hood to fly up while the car is in motion, according to a company filing with federal safety regulators.... Read More »

Daimler to invest $500 million in S.C. plant to build Sprinters

9:11 am U.S. ET | March 6, 2015

Daimler AG said it will spend $500 million to build a new assembly plant in South Carolina that will make large commercial vans and result in the creation of more than 1,300 jobs.... Read More »

Most GM, Ford, Toyota plants resume operations after snowstorm

5:43 pm U.S. ET | March 5, 2015

General Motors, Ford and Toyota plants resumed production today after some canceled shifts because of hazardous weather in the South and Midwest on Thursday. One GM plant in Tennessee canceled production shifts today.... Read More »

VW plans $1 billion investment in Mexico to support Tiguan output, report says

6:31 pm U.S. ET | March 5, 2015

VW plans an investment worth around $1 billion in Mexico to expand its Puebla assembly plant, Reuters reported Thursday. The capital outlay, aimed at supporting production of the Tiguan compact crossover, is due to be unveiled on Monday and is expected to generate about 1,900 jobs.... Read More »

NHTSA could tap unexercised authority to speed Takata recalls

7:53 pm U.S. ET | March 5, 2015

Federal auto safety regulators are considering unprecedented steps to speed up the replacement of potentially deadly Takata airbags in millions of cars that remain on American roads despite massive recalls initiated by automakers.... Read More »

GM sued by 2 workers for not allowing unpaid religious days

6:27 pm U.S. ET | March 5, 2015

Two GM workers at its Arlington, Texas, assembly plant have sued the company and are seeking class-action status, claiming the company violated the Civil Rights Act of 1964 by denying them unpaid religious days off.... Read More »

Snowbound New England dealers miss strong Feb. sales

1:15 pm U.S. ET | Feb. 27, 2015

As Massachusetts recovers from 100 inches of snow in recent weeks, many dealers there are reporting weaker-than-expected February sales, operational losses and lack of space because of massive snow piles. And New England missed out on an otherwise robust month for US auto sales.... Read More »

JESSE SNYDER

BLOG: Why does Ford race? Because it can

3:56 pm U.S. ET | Feb. 27, 2015

He's not yet taking orders from Jay Leno for the Ford GT and GT350R, but the head of Ford Performance, Dave Pericak, still has a full plate.... Read More »

Auto safety advocate's work on airbags goes back to 1996

1:51 pm U.S. ET | Feb. 27, 2015

David Kelly, the former acting chief of the National Highway Traffic Safety Administration, was hired this week to oversee the 10-automaker consortium searching for the root cause behind Takata airbag explosions. But this isn't the first time that Kelly has had to deal with airbags endangering lives they're designed to save.... Read More »

Chevy Trax 'Hidden Gems' campaign leverages social media

3:21 pm U.S. ET | Feb. 27, 2015

Chevrolet is getting creative with its social media approach, using it to introduce a new vehicle. The 2015 Chevrolet Trax will be introduced in a social media campaign dubbed “Hidden Gems.”... Read More »

Group 1 names banker Doyle Arnold to its board

12:51 pm U.S. ET | Feb. 27, 2015

Group 1 Automotive has named a new director to its board seven days after another director resigned. The retailer said today its board of directors appointed Doyle Arnold, 66, as a Class I Director, effective immediately.... Read More »

GM retrenches in Thailand after Indonesia retreat

11:24 am U.S. ET | Feb. 27, 2015

A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors today said it would cease production of its Chevrolet Sonic in Thailand by the middle of this year.... Read More »

Mazda launches CX-3 small SUV, bets on diesel-only car for Japan

7:30 am U.S. ET | Feb. 27, 2015

The Mazda CX-3 compact crossover went on sale in Japan today with the carmaker offering a 1.5-liter diesel engine as the nameplate's only powerplant. That won't happen in the US, says chief engineer Michio Tomiyama: “In America, it will be only gasoline.”... Read More »

Fiat Chrysler recalling about 467,500 SUVs worldwide

10:03 am U.S. ET | Feb. 27, 2015

Fiat Chrysler Automobiles said today it will recall about 467,500 SUVs globally in order to fix a fuel-pump issue that could cause engine stall. The automaker also said it is recalling some 2015 models of the Chrysler 200 for issues that may prevent vehicles from shifting into park.... Read More »

Nissan expects to reach 10% U.S. share goal ahead of schedule

9:15 pm U.S. ET | Feb. 26, 2015

Nissan North America Chairman Jose Munoz outlined a four-prong capacity expansion plan that could power Nissan to its 10 percent U.S. market share goal ahead of schedule. He also said he targets increased North American operating profit margin of at least 8 percent, thanks to an influx of high-margin nameplates such as the Murano crossover and Maxima sedan.... Read More »

JAMIE LaREAU

BLOG: The dream Mr. K offered in the Nissan 300ZX is alive and well

3:44 pm U.S. ET | Feb. 26, 2015

“If I had a Z … ” That's the opening line to the car commercial that I most remember from my youth. It touted the Nissan 300ZX sports car.... Read More »

HANS GREIMEL

BLOG: Toyota, Mazda bet against each other in quest for 94 mpg

4:54 pm U.S. ET | Feb. 26, 2015

Japan’s largest auto manufacturer and one of its smallest are betting against each other on divergent paths to the same goal -- an incredible fuel economy rate pushing 94 mpg.... Read More »

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