Automakers

China's Geely gears up for push into Europe, U.S.

April 21, 2015 08:38 CET

Chinese automaker Geely plans to build a small SUV late next year that will go on sale in China in early 2017, several European markets a year or so later, and eventually the U.S., sources said. For export to Europe, the SUV will initially be a plug in hybrid because Geely wants to be seen as a maker of affordable high-tech cars rather than just a cheap Chinese brand....
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BMW cutting production, prices in China as market slows

April 20, 2015 14:28 CET

BMW has reduced the prices of some of its vehicles in China and will cut local production in the country to ensure that dealers are not overstocked as luxury demand in the world's largest auto market slows....
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Chevrolet explores autonomous driving with FNR concept

8:56 pm U.S. ET | April 20, 2015

Having just declared its goal of hitting 1 million vehicle sales in China by 2020, Chevrolet revealed a futuristic concept car at the Shanghai auto show meant to showcase its technical prowess to young Chinese buyers. The FNR concept, an acronym for the brand's “Find New Roads” theme, is a pod-like, science-fiction inspired autonomous electric vehicle....
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PACE Award winners take on the fuel economy challenge

9:15 pm U.S. ET | April 20, 2015

Auto suppliers are responding to automakers' needs for better fuel economy, claiming half of this year's Automotive News PACE Awards with innovations that cut weight or make powertrains more efficient. Fourteen game-changing products and processes from 12 suppliers were honored at a ceremony in Detroit tonight....
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PACE Award winners to be announced tonight

11:19 am U.S. ET | April 20, 2015

It's showtime for the 2015 PACE Awards. The winners will be announced tonight at a black-tie event at the Max M. Fisher Music Center in Detroit. The 21st annual awards honor innovation in the supplier community....
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Lexus revamps ES with bolder looks for U.S., China

12:57 pm U.S. ET | April 20, 2015

Lexus surveyed customers in China and the U.S. to come up with the more aggressive looks of the refreshed ES sedan that goes into production in the United States later this year....
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ZF sells bonds to help finance TRW acquisition

2:37 pm U.S. ET | April 20, 2015

ZF raised $2.4 billion with the company's first bond sale in its 100-year history to help pay for its acquisition of automotive safety components supplier TRW Automotive Holdings Corp....
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Phil Martens ousted as CEO of aluminum supplier Novelis

1:56 pm U.S. ET | April 20, 2015

Top aluminum rolled products maker Novelis announced today the surprise ouster of CEO Philip Martens -- a former rising star executive at Ford -- who helped the India-owned supplier shift toward the automotive sector....
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Alfa's pitch will be luxury, Italian style

12:01 am U.S. ET | April 20, 2015

As he prepares the campaign to reintroduce Alfa Romeo to the United States, Fiat Chrysler marketing chief Olivier Francois says he may exploit the notion that shoppers have become tired of lookalike German luxury cars....
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GM ignition-switch death claims rise by 3 to 87

11:47 am U.S. ET | April 20, 2015

The death count from General Motors' faulty ignition switches has reached 87, up three from a week earlier....
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Musk nearly sold Tesla to Google in 2013, new book says

11:33 am U.S. ET | April 20, 2015

A book titled Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future says Musk had a deal with Google's Larry Page to sell Tesla to the technology giant before the electric-car maker saw a turnaround in its fortunes....
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Small-car production migrates to Mexico

12:01 am U.S. ET | April 20, 2015

Toyota's plan to build the Corolla at a new plant in Guanajuato is the latest sign that Mexico is becoming a giant in small cars. Amid a surge of automaking capacity, the nation is making its biggest impact on the production of compacts and subcompacts -- cars with narrow profit margins and wide appeal outside North America....
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VW says it could cut battery costs with single design

12:01 am U.S. ET | April 20, 2015

Volkswagen's r&d boss says using a single type of lithium ion battery cell for all VW, Porsche, Audi and other group electrified vehicles could lead to a two-third reduction in what the automaker currently spends on the technology....
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GM'S WHIZ KID

In short order, Dan Ammann has soared to GM's top operations jobs

12:01 am U.S. ET | April 20, 2015

After a surprise career change and startling ascension, Dan Ammann now oversees General Motors' operations around the world. The 43-year-old president is responsible for two tasks seen as key to the company's success: revitalizing Chevrolet and Cadillac, while unifying how the company's historically fractured regional businesses make and sell vehicles....
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MIKE COLIAS

BLOG: Why it could be the Volt's time to shine in China

7:17 am U.S. ET | April 20, 2015

How can GM drive down the Chevy Volt's cost enough to make it affordable to more people, and eventually turn a profit? Sell a boatload of them in a Chinese market that's fast warming to EVs....
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Jaguar Land Rover forced to accept Range Rover Evoque lookalike from China's Jiangling

April 20, 2015 13:31 CET

Jaguar Land Rover will not take action against Jiangling Motors over the Chinese automaker's Landwind X7, which the UK automaker says closely resembles the Range Rover Evoque SUV....
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Mahindra will present bid for Pininfarina by April 29, report says

April 20, 2015 14:48 CET

India's Mahindra & Mahindra aims to present a formal offer for the car designer Pininfarina in time for the Italian company's shareholder meeting on April 29, a report said....
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RICHARD JOHNSON

Piech's career battles will be his legacy

12:01 am U.S. ET | April 20, 2015

Ferdinand Piech started out his career with a pretty serious rivalry -- tangling with cousin Ferdinand "Butzi" Porsche, designer of the 911. Now it appears he'll bow out in more or less the same fashion. At war. It's just his style. In fact, it will be his legacy....
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Judge backs Mitsubishi in franchise lawsuit

12:01 am U.S. ET | April 20, 2015

Mitsubishi has prevailed in a long-running legal dispute with one of its largest dealers. But, an attorney for the dealer says the fight will continue as a new lawsuit is in the works....
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Ghosn says China needs to boost incentives to move EVs

8:25 am U.S. ET | April 20, 2015

Nissan CEO and EV champion Carlos Ghosn says he is disappointed with electric vehicle sales in China and that the government needs to step up incentives to help the green cars....
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Geely takes aim at BMW, Mercedes with plans for sport sedan

7:56 am U.S. ET | April 20, 2015

Geely will display a concept sport sedan at the Shanghai auto show starting this week, developed by a team led by former Volvo Cars design chief Peter Horbury. The segment is dominated by models like the BMW 3 series and Mercedes-Benz CLS....
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PSA plans joint small-car platform with Dongfeng

April 20, 2015 06:01 CET

PSA will focus on two core platforms for its volume models including a small-car architecture that it will jointly develop with China's Dongfeng. PSA aims to reduce the number of its passenger-car platforms to two by 2022 from five now....
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RICHARD JOHNSON

BLOG: Piech's career battles will be his legacy

12:01 am U.S. ET | April 20, 2015

Ferdinand Piech started out his career with a pretty serious rivalry -- tangling with cousin Ferdinand "Butzi" Porsche, designer of the 911. Now it appears he'll bow out in more or less the same fashion. At war. It's just his style. In fact, it will be his legacy....
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DAVE GUILFORD

A GM-FCA hookup? 'Put' it in perspective

12:01 am U.S. ET | April 20, 2015

Perhaps Sergio Marchionne is banking on a loss of institutional memory at General Motors. That's the only way I can see that he might expect GM to consider buying Fiat Chrysler Automobiles....
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FCA puts the squeeze on dealer profits

12:01 am U.S. ET | April 20, 2015

Fiat Chrysler is squeezing U.S. dealerships’ profits by boosting vehicle invoice prices but not the corresponding sticker prices. The move is part of a larger effort by FCA US to increase profit margins, which trail those of Ford and General Motors....
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