Executives

HANS GREIMEL

BLOG: In Daihatsu deal, Toyota zigs while Detroit zags

11:14 am U.S. ET | Feb. 1, 2016

Toyota is zigging, while Detroit zags on a key strategy: How important are small cars and emerging markets to determining future winners and losers. Toyota placed its bet last week, agreeing to buy all of Daihatsu for a stronger foothold in both....
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CarMax CEO Tom Folliard to retire by end of year

10:34 am U.S. ET | Feb. 1, 2016

CarMax CEO Tom Folliard will retire by the end of the year, the used-car retailer said today. He will be succeeded by Bill Nash, the executive vice president of human resources....
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Renault opens China factory amid slowing market

Feb. 1, 2016 10:57 CET

Renault launched its new factory in China, saying it still sees plenty of growth in the market where new-car demand is slowing after years of double-digit growth....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Check out the ANE e-magazine for February

Feb. 1, 2016 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine is ready for you to view. This month's edition looks at how Ford and Opel plan to turn their businesses in Europe into consistent money makers after years of struggle....
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Acura boss: 'I'm getting schooled' in marketing

12:01 am U.S. ET | Feb. 1, 2016

Acura General Manager Jon Ikeda is on a learning curve....
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Obituary

12:01 am U.S. ET | Feb. 1, 2016

Marc Lockhart, a second-generation auto dealer, died Jan. 16. He was 63....
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Sales reporting transparency? Yeah, right

12:01 am U.S. ET | Feb. 1, 2016

After a nearly six-year run, AutoNation will stop reporting monthly sales. Why? “I've given up,” says CEO Mike Jackson....
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AutoNation cuts inventory, jobs

12:01 am U.S. ET | Feb. 1, 2016

AutoNation will trim marketing costs and vehicle inventory by about 10 percent from year-end levels. It already has cut jobs in light of increased discounting, plateauing sales and declining vehicle margins, all of which trimmed its fourth-quarter earnings....
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International operations help Ford's bottom line

12:01 am U.S. ET | Feb. 1, 2016

In addition to the billions of dollars earned from surging pickups and SUVs in North America, Ford posted its first European profit in five years and record results in Asia....
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Penske will keynote at retail forum

12:01 am U.S. ET | Feb. 1, 2016

Roger Penske, chairman of an automotive empire that spans three continents, will be a keynote speaker at the Automotive News Retail Forum on March 31, ahead of the National Automobile Dealers Association convention in Las Vegas....
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Say goodbye to the golden days, analyst says

12:01 am U.S. ET | Feb. 1, 2016

Max Warburton, an analyst at Sanford Bernstein whose colorful client notes get lots of attention, authored one in January called “The End of an Era,” in which he paints a bleak portrait of the coming years....
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Historian's trove gets personal with GM founder

12:01 am U.S. ET | Feb. 1, 2016

Lawrence Gustin, automotive historian and retired General Motors public relations manager, has donated historical documents regarding the early days of GM to the Sloan Museum in Flint, Mich....
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Zetsche: Apple, Google 'can do more' than we thought

12:01 am U.S. ET | Feb. 1, 2016

Daimler CEO Dieter Zetsche and other a handful of his senior execs met recently with around 70 companies in Silicon Valley, according to the German weekly Welt am Sonntag. Asked about Google and Apple's automotive pursuits, Zetsche told the newspaper: “Our impression was that these companies can do more and know more than we had previously assumed.”...
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V-series variant unlikely for Caddy's top-end CT6

12:01 am U.S. ET | Feb. 1, 2016

Cadillac has no plans for a V-series high-performance model of its new CT6 large sedan, brand boss Johan de Nysschen said....
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LARRY P. VELLEQUETTE

Jeep Wagoneer? Where did that come from?

12:01 am U.S. ET | Feb. 1, 2016

So what's a Jeep Wagoneer? Fiat Chrysler CEO Sergio Marchionne referred to a Wagoneer last week during a conference call about FCA's plans to "realign" its North American production plan. But a lack of details leaves us to wonder....
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After record 2015, Porsche will keep growing, von Platen says

12:01 am U.S. ET | Feb. 1, 2016

Porsche will review its global strategy in the middle of this year after easily surpassing its goal of 200,000 sales around the world in 2015. New sales boss Detlev von Platen, who took over in November after heading Porsche Cars North America, isn't ready to reveal the company's next long-term sales target. But he did predict another year of worldwide growth for the brand....
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NEWS ANALYSIS

No path to profits: Why Ford exited 2 key Asian markets

12:01 am U.S. ET | Jan. 31, 2016

Frustrated by paltry sales, Ford pulled the plug on its businesses in Japan and Indonesia. In both cases, it couldn't crack a Japan Inc. stranglehold: Japanese brands hold more than 90 percent market share in both nations. Ford cut bait to focus elsewhere....
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Porsche has no plans to go down self-driving route

Jan. 31, 2016 21:24 CET

Porsche does not plan to develop self-driving vehicles because its customers like to drive their cars themselves, CEO Oliver Blume told a German newspaper. He also said Porsche aims to offer hybrid versions of all its models including the 911....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How Opel, Ford will make Europe a reliable profit source after years of struggle

Jan. 31, 2016 06:01 CET

Ford and General Motors' European units have both suffered tough times in recent years but 2016 looks likely to be different. GM Europe is set to break even, while Ford of Europe expects to become the money-making machine it was from 2004 until 2011....
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DeLorean to make comeback after Congress nixes red tape

1:04 pm U.S. ET | Jan. 29, 2016

The DeLorean Motor Co. of Humble, Texas, plans to start production of a souped-up version of the super-cool gull-wing icon from the three-decade-old Back to the Future franchise, and it's all thanks to an act of Congress....
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Campbell-Ewald CEO Palmer terminated by parent company

10:52 am U.S. ET | Jan. 29, 2016

Jim Palmer is out as CEO of Campbell Ewald, the Detroit ad agency known for its longtime ties to General Motors. The agency's parent company said today it terminated Palmer, effective immediately....
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Ford preps new Ka for Europe

Jan. 29, 2016 06:01 CET

Ford is getting closer to launching the European version of the Ka minicar. Ford plans to remain a key player in the region's entry-level sector, the automaker's Europe head, Jim Farley, said....
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Honda quarterly profit falls 22% on recall costs, strong dollar

4:10 am U.S. ET | Jan. 29, 2016

Honda's operating profit fell 22 percent in the latest quarter as expenses for recalling Takata airbags and losses from a strong dollar undercut rising sales....
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ANE's February e-magazine goes live Monday

Jan. 29, 2016 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Feb. 1. This month's edition looks at how Ford and Opel plan to turn their businesses in Europe into consistent money makers after years of struggle....
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Hyundai's Super Bowl blitz reflects work of new marketing team

9:00 am U.S. ET | Jan. 28, 2016

Whether the Denver Broncos or Carolina Panthers end up winning the Super Bowl, Hyundai wants to come away as the winner of the advertising free-for-all that surrounds America's most-watched live event....
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