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BEST PRACTICES

Cardinale group makeover flexes digital muscle

2:00 pm U.S. ET | Jan. 24, 2015
In 2008, the recession was raging, and dealer Joe Cardinale decided to make some changes. He committed heavily to online sales and marketing, and parted ways with third-party lead providers, developed his own systems and software to manage his online presence. And he set stringent goals for his staff and held them accountable for results. It has worked wonders....
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Porsche recalls 13,500 Cayennes, Panameras to fix fuel-seal flaw

7:46 am U.S. ET | Jan. 24, 2015
Porsche is recalling about 13,500 vehicles worldwide to fix a seal that may allow fuel to evaporate....
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EU regulators to rule on ZF's bid for TRW by Feb. 26

Jan. 23, 2015 15:09 CET
EU antitrust authorities will decide by Feb. 26 whether to approve German supplier ZF Friedrichshafen's $13.5 billion bid for U.S. rival TRW Automotive....
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Kia's fourth-quarter profit drops 54% on ruble plunge

Jan. 23, 2015 11:31 CET
Kia posted a 54 percent fall in quarterly profit as a weakening ruble reduced income earned in Russia where Kia ranks No. 2 after Lada. Kia expects sales in the market to fall 12 percent this year, because the ruble's decline could force further price rises, denting demand....
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Honda signals shift from Takata, hires rival to supply Accord airbags, report says

12:19 pm U.S. ET | Jan. 23, 2015
Honda has chosen a competitor of embattled Takata to supply airbags for the next North American version of its Accord sedan, the automaker's best-selling vehicle, two people with knowledge of the decision told Reuters...
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Ford takes charge of $800 million on Venezuelan currency

9:06 am U.S. ET | Jan. 23, 2015
Ford said it will take a one-time pretax charge of $800 million in its fourth quarter results because the inability to exchange US dollars for Venezuelan bolivars has restricted operations in the South American country....
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GM sees Europe turnaround on track even if local economy isn't

Jan. 23, 2015 10:34 CET
General Motors' efforts to restore European operations to profitability are on track even as the region's economy fails to revive, GM President Dan Ammann said. However, Russia is big "wild card," he said....
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Ford names new lobbyist in Europe as free trade, CO2 pressure intensifies

Jan. 23, 2015 06:01 CET
Ford of Europe has promoted veteran lobbyist Andrew McCall as its new vice president for government and community relations. McCall will have much to do as automakers lobby the EU to ease CO2 emissions targets and accelerate free-trade talks between Europe and the U.S....
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Ghosn lifts European car market forecast on eurozone stimulus plan

Jan. 22, 2015 22:41 CET
Renault CEO Carlos Ghosn upgraded his European car market growth forecast after the European Central Bank unveiled a bond purchase program to boost the continent's flagging economy. Ghosn now expects Europe's auto market to grow by at least 2 percent in 2015....
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NHTSA to add automatic braking to star ratings

1:23 pm U.S. ET | Jan. 22, 2015
Federal regulators will add automatic braking to a list of technologies considered in its influential star-rating advisory system for consumers. Transportation Secretary Anthony Foxx announced the change today during a meeting in Washington with automotive engineers....
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DOE announces $55 million in funding for green car research

4:12 pm U.S. ET | Jan. 22, 2015
More than $55 million in new funding from the Department of Energy will go toward projects that aim to reduce and improve the efficiency of plug-in electric, alternative fuel and conventional vehicles....
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Takata executive indicted in U.S. for fixing prices of seat belts

1:55 pm U.S. ET | Jan. 22, 2015
An executive at embattled Japanese auto supplier Takata was indicted today for conspiring to fix the prices of seat belts sold to carmakers, the US Justice Department said....
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GM issues stop-sale on crossovers for problem with Goodyear tires

10:22 am U.S. ET | Jan. 22, 2015
General Motors has told dealers to stop delivery of about 6,300 2015 Chevrolet Traverse, GMC Acadia and Buick Enclave crossovers because of a pending recall to replace tires that are prone to cracking....
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Paperwork error on GM loan will cost JPMorgan $1.5 billion, U.S. court rules

1:24 pm U.S. ET | Jan. 21, 2015
A 2008 paperwork error in a loan agreement with General Motors, before the automaker went into Chapter 11 bankruptcy, will cost JPMorgan Chase $1.5 billion, a federal appeals court ruled today....
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GM’s Treasury bailout records shouldn’t be secret, U.S. judge told

1:00 pm U.S. ET | Jan. 21, 2015
The Treasury’s role in shielding General Motors from car lawsuits after a 2009 bailout of the automaker isn’t confidential and should be made public, the Center for Auto Safety told a federal judge....
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Toyota supplier weighs raising airbag capacity as demand climbs

9:35 am U.S. ET | Jan. 21, 2015
Toyoda Gosei, a supplier part-owned by Toyota, is considering increasing its capacity for making airbags to cater to expanding global demand for the safety devices....
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Obama seeks authority to negotiate major trade deals

3:31 pm U.S. ET | Jan. 20, 2015
In his penultimate State of the Union address, President Barack Obama vowed to seek congressional authority to negotiate big ticket trade deals with European and Asian nations that could have significant implications for the auto industry, but have been stalled....
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Four former Chrysler dealers could reopen under U.S. appeals court ruling

2:58 pm U.S. ET | Jan. 20, 2015
One Las Vegas dealership and three former Detroit area dealerships -- Livonia Chrysler Jeep, Fox Hills Chrysler Jeep and Village Chrysler Jeep -- could get a chance to reopen more than five years after a Chrysler Group LLC decision to close them, according to a federal appeals court ruling....
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THE TAKATA AIRBAG RECALL

Takata airbag review panel members named by Skinner

10:52 am U.S. ET | Jan. 20, 2015
Former Transportation Secretary Samuel Skinner said six experts -- including Cerberus Chairman John Snow -- will serve on an independent panel that will oversee Takata's efforts to ensure that its airbag inflators meet federal safety standards....
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GM gets 108 more claims for faulty ignition switch compensation

8:39 am U.S. ET | Jan. 20, 2015
General Motors has received 108 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,818, according to the official administering the compensation program....
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Daimler offers 'currency rebate' on Mercedes, Smart cars in Switzerland

Jan. 20, 2015 13:26 CET
Daimler is cutting Mercedes and Smart car prices in Switzerland after the central bank's surprise abandonment of a minimum exchange rate caused the franc to surge versus the euro....
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Japan's Daicel to lift inflator output after Takata recalls

8:48 pm U.S. ET | Jan. 19, 2015
Japan's Daicel said it would boost production of airbag inflators to meet demand for the component at the heart of rival Takata's quality problems, which have led to the recall of more than 24 million vehicles worldwide since 2008....
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Ford Super Duty pickups face U.S. probe after stalls, stranded drivers

6:22 pm U.S. ET | Jan. 17, 2015
Federal safety regulators are investigating whether Ford went far enough with a recall of Super Duty pickups over complaints that they can stall and leave drivers stranded....
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Jeep Cherokee catches fire 2 days after purchase; NHTSA opens probe

11:06 am U.S. ET | Jan. 16, 2015
A 2015 Jeep Cherokee that erupted in flames two days after purchase has prompted the National Highway Traffic Safety Administration to investigate whether a defect exists in 50,415 of the SUVs....
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THE GM RECALL

GM accused of misleading investors over recalls

6:55 am U.S. ET | Jan. 16, 2015
General Motors managers misled investors and regulators for years about issues connected to vehicle ignition switch defects, shareholders said in a lawsuit accusing the company of inflating the stock's value....
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