Business and Finance

Fiat's tax accord with Luxembourg may be illegal state aid, EU says

Sept. 30, 2014 13:13 CET
The European Commission has told Luxembourg that its tax arrangement with a Fiat finance subsidiary may constitute state aid, breaking EU internal market rules....
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2014 PARIS AUTO SHOW

Renault Clio will be first production car with upscale trimline

Sept. 30, 2014 12:17 CET
Renault will launch its upscale Initiale Paris trim line on its Clio subcompact. Renault, Ford and PSA are upgrading their models in Europe by adding premium features in a bid to attract affluent customers who find luxury brands too expensive....
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SGL Carbon will sell 267 million euros worth of shares to tackle debt, boost growth

Sept. 30, 2014 12:23 CET
SGL Carbon, which counts BMW, VW Group and BMW heiress Susanne Klatten as its three biggest shareholders, will sell 267 million euros ($339 million) in shares to repay debt and make investments....
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2014 PARIS AUTO SHOW

Ferrari will unveil top-performing 458 Speciale

Sept. 30, 2014 10:10 CET
Ferrari will unveil the top-performing convertible version of the mid-engine 458 Speciale sports car range in Paris. The automaker will build just 499 examples of the 458 Speciale A, which has the company's most powerful naturally aspirated engine....
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2014 Eurostar winner Marco Tencone

Sept. 30, 2014 06:01 CET
The executives chosen as 2014 Automotive News Europe Eurostars achieved success by exceeding expectations. Marco Tencone, Alfa Romeo, Lancia and Maserati styling center coordinator, is this year's Eurostar winner for Design....
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McConaughey MKC ads fuel comedians

12:01 am U.S. ET | Sept. 29, 2014
If spoofs are the sincerest form of flattery, Lincoln's new MKC ad campaign featuring actor Matthew McConaughey in a series of moody spots is already a smash hit....
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AutoNews Now: Ford Super Duty to go aluminum

12:01 am U.S. ET | Sept. 29, 2014
Weight-saving material to first appear on F-150; Fields' Lincoln pledge; Chrysler stalling alleged; illegal Corvette tech?...
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Ford sets goal of 9.4M global sales by 2020, cuts profit outlook for '14

3:28 pm U.S. ET | Sept. 29, 2014
Ford aims to raise global sales 52 percent annually by 2020 by tapping fast-growing Asian markets, investing heavily in Lincoln, and expanding its global offerings of small cars and utility vehicles. But company officials today warned 2014 profits will be sharply lower than previous estimates because of higher warranty outlays and wider losses in South America....
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Infiniti Q80 Inspiration points to brand's design direction

12:01 am U.S. ET | Sept. 29, 2014
The large four-door fastback concept that Infiniti will unveil at the Paris auto show this week signals the styling for a stream of new products planned over the next four years....
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BMW launches automated driving project in China with Baidu

Sept. 29, 2014 17:43 CET
BMW is teaming up with Chinese Internet giant Baidu to start highly automated driving trials in Beijing and Shanghai. BMW research vehicles capable of automated driving already have undergone tests on German autobahns....
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CO2 from new cars in Europe 38% worse than promised, study says

Sept. 29, 2014 18:06 CET
European cars probably discharged 38 percent more CO2 on real-world roads last year than their ratings promised, a transportation lobby group said. That means more fuel, costing the average consumer an extra 450 euros a year....
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UAW, 2 German labor groups join forces in bid to organize VW Tenn. plant

1:23 pm U.S. ET | Sept. 29, 2014
The UAW and two top German labor groups have signed a letter of intent to jointly organize the Volkswagen AG assembly plant in Chattanooga, a top UAW official said today....
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READY FOR TAKEOFF

2015 Mustang's interior design inspired by airplane cockpits

12:01 am U.S. ET | Sept. 29, 2014
Interiors have never been one of the Ford Mustang’s selling points over the years. That’s about to change with the airplane-inspired cockpits in the 2015 models that will go on sale next month....
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Toyoda Gosei settles U.S. price-fixing charge, pays $26 million fine

1:46 pm U.S. ET | Sept. 29, 2014
Japanese auto parts maker Toyoda Gosei agreed to plead guilty to price-fixing and pay a $26 million fine, the Justice Department said. Toyoda Gosei, which acknowledged conspiring to fix prices of airbags, steering wheels and automotive hoses, is the 29th auto parts maker to plead guilty to price-fixing since the Justice Department began its long-running investigation....
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Toyota to recall 690,000 Tacomas in U.S. to fix suspension

1:12 pm U.S. ET | Sept. 29, 2014
Toyota said it would recall about 690,00 Tacoma 4X4 and Tacoma pre-runner pickup trucks in the U.S. to fix issues with the vehicles' rear suspension system....
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Hyundai reaches wage deal with union after work stoppages

11:30 am U.S. ET | Sept. 29, 2014
Hyundai Motor reached a tentative wage deal today with its South Korean labor union, a union spokesman said, potentially resolving disputes that had dragged on longer than expected and led to partial strikes....
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THE GM RECALL

Deaths linked to GM ignition-switch defect rise to 23

12:03 pm U.S. ET | Sept. 29, 2014
The number of deaths linked to a faulty ignition switch in General Motors cars rose by two last week to 23, according to a report today from the lawyer overseeing a program set up to compensate accident victims....
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KC CRAIN

Wrong move for Cadillac -- the creative vibe is in Detroit, not New York

11:28 am U.S. ET | Sept. 29, 2014
It seems like GM is missing a big opportunity in moving Cadillac's headquarters to trendy SoHo in New York. I know I'm biased, but I can't think of many cooler places to have a marketing office than Detroit....
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Fiat jobs matter more than HQ location, Italy prime minister says

Sept. 29, 2014 10:26 CET
Italian Prime Minister Matteo Renzi said Fiat Chrysler's decision to have a home base in London matters less than the jobs and opportunities that the combined company will create in Italy....
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Chrysler SUVs, pickups and minivans subject of safety petition to U.S. regulators

9:58 am U.S. ET | Sept. 29, 2014
A safety advocate group has petitioned federal regulators to open an investigation into an estimated 4.9 million Chrysler vehicles for issues that could lead to engine stalls and other problems, according to documents posted online by the U.S. National Highway Traffic Safety Administration....
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BMW launches automated driving project in China with Baidu

8:46 am U.S. ET | Sept. 29, 2014
BMW is teaming up with Chinese Internet giant Baidu to start highly automated driving trials in Beijing and Shanghai....
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Ford brings new F-150 to dealers, consumers for test drives

12:30 am U.S. ET | Sept. 29, 2014
Ford is demonstrating the capabilities of its redesigned, aluminum-bodied 2015 F-150 pickup to dealership sales personnel and consumers. Sales consultants in 26 cities have begun testing the new truck and its features in a program called the “Built Ford Tough Roundup.”...
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Tesla's Musk will speak at Automotive News World Congress

12:01 am U.S. ET | Sept. 29, 2014
Elon Musk, the founder and CEO of Tesla Motors Inc., will be a featured speaker at the Automotive News World Congress in January....
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2014 Eurostar winner Klaus Zehender

Sept. 29, 2014 06:01 CET
The executives chosen as 2014 Automotive News Europe Eurostars rose above the rest by pushing their companies to new heights. Klaus Zehender, Daimler head of procurement and supplier quality, is this year's winner for Purchasing Executive....
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HANS GREIMEL

How Mazda may have survived the A-bomb by a hair

12:01 am U.S. ET | Sept. 29, 2014
Mazda Motor Corp., the most famous company from Hiroshima, may have survived the city's atomic bombing on Aug. 6, 1945, quite literally by only a split hair....
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