Executives

European chamber urges China to ease aftermarket rules

Sept. 12, 2014 14:03 CET
The European Union Chamber of Commerce in China has urged the nation's government to allow more competition for vehicle aftermarket service as it says current regulations are the "key driver" of the monopoly situation that has led to state probes within the auto industry....
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JLR will build Range Rover Evoque in China

Sept. 12, 2014 10:28 CET
Jaguar Land Rover says the Range Rover Evoque will be the first model built at the company's new China factory. The automaker also said that it may add production of its new Land Rover Discovery Sport at a later date....
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VW Group deliveries rise 3% in August

Sept. 12, 2014 12:29 CET
VW Group sales rose 3 percent in August as gains in Europe and China continued to offset declines in the U.S. and South America. Eight-month deliveries increase by 6 percent as group brands including Audi and Porsche increased volume....
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Fiat awards Ferrari Chairman Montezemolo 27 million euros severance package

Sept. 11, 2014 09:18 CET
Ferrari Chairman Luca Cordero di Montezemolo will receive a severance package worth nearly 27 million euros ($34.89 million). Montezemolo quit after clashing with Fiat Chrysler CEO Sergio Marchionne over the supercar maker's future....
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Ferrari will build more cars with Marchionne as chairman to keep pace with super rich

Sept. 11, 2014 16:18 CET
Ferrari will cater to growing numbers of super rich clients by building more cars than previously planned after Sergio Marchionne becomes chairman of the company. Marchionne said in May that the brand had the potential to sell about 10,000 vehicles annually, a rise of 43 percent over current figures....
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THE GM RECALL

GM has substantially completed vehicle recalls, Barra says

9:06 am U.S. ET | Sept. 11, 2014
General Motors has “substantially completed” its vehicle recalls, CEO Mary Barra said. “We're working hard to make sure that as new vehicles come out, they achieve even higher levels” of quality and safety, Barra told reporters in New Delhi today. “We're very focused to being industry leaders.”...
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Jeep launches Renegade into fast-growing segment

Sept. 11, 2014 14:26 CET
Jeep will begin later this month its foray into the market for subcompact SUVs -- the industry's fastest-growing volume segment -- when it starts sales of the Renegade,...
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Fiat's Marchionne sticks to 2014 guidance

Sept. 11, 2014 15:57 CET
Fiat CEO Sergio Marchionne says he sees no reason at present to review the carmaker's 2014 financial guidance despite weakness in Europe and Latin America. After poor second-quarter results from Fiat, analysts were widely expecting a cut in guidance....
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Hertz reaches pact with Icahn to replace 3 directors

4:44 pm U.S. ET | Sept. 11, 2014
Hertz Global Holdings reached an agreement in principle with billionaire investor Carl Icahn to appoint three directors to the board of the rental-car company in place of current members....
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Tesla's Musk named Vanity Fair's top 'disrupter'

3:57 pm U.S. ET | Sept. 11, 2014
Tesla Motors CEO Elon Musk can add another accomplishment to his resume today: Vanity Fair has named him the top disrupter in its New Establishment list of influential players in technology, entertainment, finance and politics....
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A look back at 9/11's impact on the auto industry

1:38 pm U.S. ET | Sept. 11, 2014
The aftermath of the Sept. 11, 2001, terror attacks swept through the auto industry, from the executive offices to the plants to the dealer lots. At the time, there were more questions than answers in a shaken nation – and a global industry....
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BMW's brand sales rise 6% in August on China, U.S. demand

Sept. 11, 2014 09:56 CET
Sales of BMW's core brand increased 6 percent in August, boosted by strong demand in China and the U.S. Eight-month deliveries rose 10 percent, helping the marque to maintain its lead in global premium sales over rival Audi....
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Porsche recalls some 918s for rear-axle problem

Sept. 11, 2014 11:44 CET
Porsche has recalled 46 of its 918 Spyders to fix a potential defect in the plug-in hybrid supercar's rear-axle components. The automaker said no accidents or injuries were reported in relation to the problem....
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LUCA CIFERRI

Montezemolo's magic touch

12:01 am U.S. ET | Sept. 11, 2014
When Ferrari Chairman Luca Cordero di Montezemolo officially steps down next month the supercar maker will lose its No. 1 salesman....
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Marchionne to become Ferrari chairman as Montezemolo quits

Sept. 10, 2014 08:57 CET
Luca Cordero di Montezemolo will step down as chairman of Ferrari as of Oct. 13 and will be replaced by Fiat Chrysler CEO Sergio Marchionne, Fiat said....
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LUCA CIFERRI

Montezemolo's magic touch

7:20 am U.S. ET | Sept. 10, 2014
When Ferrari Chairman Luca Cordero di Montezemolo officially steps down next month the supercar maker will lose its No. 1 salesman....
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Hertz investors want Roger Penske on board, reports say

1:55 pm U.S. ET | Sept. 10, 2014
At least two big Hertz Global Holdings Inc. investors plan to meet this week with its new chairwoman to propose adding industry veteran Roger Penske to the board, people familiar with the plans said....
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JIM HENRY

Regulation forecast calls for rain, former CFPB exec says

11:00 am U.S. ET | Sept. 10, 2014
Rick Hackett, a former assistant director for the Consumer Financial Protection Bureau who was the bureau's liaison to the auto finance industry, predicted the bureau would probably unveil a long-awaited rule next week, defining which nonbanks fall under the CFPB's jurisdiction....
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Federal-Mogul agrees to buy TRW engine valve unit for $385 million

9:23 am U.S. ET | Sept. 10, 2014
Federal-Mogul said today it agreed to acquire the engine valve business from TRW Automotive Holdings for $385 million in cash. TRW's engine valve unit generated revenue of $610 million last year and employs 5,400 people in 12 countries....
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Subaru boosts 2014 U.S. sales forecast to 500,000 vehicles

8:00 am U.S. ET | Sept. 10, 2014
Subaru of America, expecting to sustain strong growth in the United States, has boosted its forecast for sales this year to 500,000. Last year's total of 424,683 marked the Japanese brand's fifth consecutive U.S. annual sales record....
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Daimler ready to discuss further cooperation with Aston Martin

Sept. 10, 2014 12:03 CET
Daimler is "fundamentally open" to talks on deeper cooperation with Aston Martin's new boss, Andy Palmer, Daimler CEO Dieter Zetsche said....
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Nissan taps BMW's Krueger to head Infiniti

9:30 pm U.S. ET | Sept. 9, 2014
Nissan has poached BMW veteran Roland Krueger to head its leaderless Infiniti luxury unit, lending a touch of German flair to a brand struggling to break out of the second tier. Krueger, 48, steps into a brand twice stung by recent defections, first by brand President Johan de Nysschen's departure in July, then by the exit of its chairman, Andy Palmer, last week....
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Dodge Challenger Hellcat dealer ordering begins -- with a catch

8:00 am U.S. ET | Sept. 9, 2014
Dodge will open dealer ordering for its new 707-hp 2015 Dodge Challenger SRT Hellcat today, but the brand is changing its normal allocation methods to make sure the high-powered coupe gets into the hands of waiting enthusiasts....
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GreenTech electric vehicle venture anticipates U.S. production in 4th quarter

5:20 pm U.S. ET | Sept. 9, 2014
A Chinese-affiliated electric vehicle venture that has generated more curiosity than cars during the past five years anticipates launching U.S. production by the end of this year....
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Decision to build BMW's new electric Mini months away

Sept. 9, 2014 19:25 CET
An electric version of the Mini that will move the classic British car further away from its original design will have to wait at least six months for a possible green light, BMW board member Peter Schwarzenbauer said....
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Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, second-generation dealers Ray and Rik Fregia have seen a 30 percent boost in sales this year, thanks largely to million-dollar overhauls at their three stores. Mon., September 15
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