Automakers

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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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Geely will expand UK site to build low-emission taxis

April 27, 2015 06:15 CET

The Chinese-owned UK factory that builds the iconic London black taxi will be expanded to boost output tenfold, including production of low-emission plug-in hybrid taxis....
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GABE NELSON

Auto industry should cheer Tesla Motors' battery play

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

When it unveils its first batteries for homes and businesses this week, Tesla Motors will no longer be a car company. It will be an energy company, competing against electric utilities just as it has gone after the car market....
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AM General has big plans for MV-1 wheelchair vans

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

AM General earned a name for itself building vehicles for other people: the original Humvee for military customers and the Hummer H2 SUV for General Motors. Now, AM General is trying to make a reputation as an original equipment manufacturer in its own right, building and selling the Mobility Ventures MV-1 wheelchair accessible van....
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Audi tests 2 car-sharing concepts in U.S.

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

Audi On Demand is a car sharing pilot in San Francisco where consumers book an Audi rental from a smart phone app, and a concierge delivers and picks up the car. Audi at Home in Miami will place Audis at high-end condo buildings for residents to use as perk....
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To EV or not to EV: The China question

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

As automakers race to comply with China's increasingly stringent emissions rules, they are conflicted about the best electric-vehicle strategy and about whether the Beijing government is sufficiently supporting its avowed desire to see more EV sales....
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Recalled program cars vex GM, hurt profits

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

Late last year, General Motors decided to hold off on auctioning many of its retired rental vehicles because of depressed prices. But lower prices on the sale of program vehicles - those that the automaker took back after they were retired from rental fleets - hurt GM's first-quarter operating profit by about $400 million, the company said....
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Even MG is joining the crossover parade

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

Amazingly, Rolls-Royce, Bentley, Aston Martin and Jaguar all plan to offer utility vehicles. But when even MG is building one, you know the crossover craze is really getting crazy....
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