Company Information

DAVE GUILFORD

Autos' enthusiasm for emerging markets hits brakes

2:11 pm U.S. ET | April 15, 2014
Global automakers have jostled to position themselves for growth, particularly in the much-touted BRIC markets -- Brazil, Russia, India and China. But that growth formula has been looking a little less solid lately. Tension with Russia over the annexation of Crimea, with the prospect of stiffer trade sanctions, has rattled automakers' confidence.... Read More »

 

Economists: Global GDP growth on the rise, but BRICs disappoint

11:14 am U.S. ET | April 15, 2014
The global economy will do “fairly well” in the coming years, with the United States economy leading the way, while Europe “has turned a corner,” a leading economist said.... Read More »

 

2014 NEW YORK AUTO SHOW

Hyundai, Toyota to debut mid-sized sedan rivals

April 15, 2014 06:01 CET
Hyundai and Toyota have key product debuts at the New York auto show. BMW will unveil the X4 crossover while Mercedes debuts the S63 AMG coupe, a high-performance version of the S-class coupe.... Read More »

 

Old and new alliances crucial to Tavares' turnaround plan for PSA

April 15, 2014 13:48 CET
PSA/Peugeot-Citroen will keep its industrial partnerships with General Motors, Toyota and Fiat despite the arrival of China's Dongfeng as a stakeholder in the automaker, CEO Carlos Tavares said.... Read More »

 

Ford expects boost from EcoSport SUV

April 15, 2014 06:15 CET
Ford says its EcoSport small SUV could become one of the company's best-sellers in Europe if it receives enough product supply from India.... Read More »

 

GM seeks new PR boss, replaces human resources chief

11:21 am U.S. ET | April 14, 2014
General Motors today said its public-relations chief is leaving and appointed a new head of human resources, with both moves effective immediately. A GM spokesman, Greg Martin, said the actions are not connected to the company's ongoing recall crisis, but rather a result of Mary Barra's appointment as CEO three months ago.... Read More »

 

Opel may break even before 2016, report says

April 14, 2014 15:34 CET
Opel may break even before its 2016 deadline, a report said, citing an interview with CEO Karl-Thomas Neumann.... Read More »

 

LUCA CIFERRI

PSA's recovery will be boosted by the 'Tavares factor'

9:52 am U.S. ET | April 14, 2014
PSA CEO Carlos Tavares admits that his turnaround plan for the struggling automaker isn't a wonder cure: "I cannot make miracles." His honest, no-nonsense approach is one of his strengths.... Read More »

 

2014 NEW YORK AUTO SHOW

Nissan banks on radical makeover of Murano crossover

9:30 am U.S. ET | April 14, 2014
Nissan's revamped Murano crossover will reach showrooms in the United States this year looking almost identical to the splashy auto show concept that teased it more than a year ago. Nissan released photos and details about the new Murano today and the formal unveiling is set for Wednesday at the New York auto show.... Read More »

 

2014 NEW YORK AUTO SHOW

Mid-sized sedans and crossovers to square off in the Big Apple

12:01 am U.S. ET | April 14, 2014
Hyundai will roll out its 2015 Sonata while Toyota offers an aggressive midcycle freshening of the Camry at the New York auto show this week. And Subaru will pit its redesigned 2015 Outback crossover against the next Nissan Murano.... Read More »

 

Ruling on terminated dealers keeps Chrysler case in the courts

12:01 am U.S. ET | April 14, 2014
About 150 dealerships that lost Chrysler franchises during the company's 2009 bankruptcy won a round in federal court last week.... Read More »

 

PSA to halve lineup in push for 2% margins by 2018

April 14, 2014 09:11 CET
PSA outlined plans to cut its model lineup by almost half and to make Citroen's DS unit a separate brand in a bid to restore the automotive division's profit.... Read More »

 

2014 NEW YORK AUTO SHOW

Honda, Nissan: A brand new battle

12:01 am U.S. ET | April 13, 2014
The auto industry is always full of head-to-head rivalries, and right now the battle between Honda and Nissan is one of the hottest.... Read More »

 

U.S. failed to investigate GM even as auto-defect data abounded

11:16 pm U.S. ET | April 12, 2014
Federal regulators looking into GM's Chevrolet Cobalt noticed a surprising statistic: warranty claims over the car's air bags were four times higher than for competing vehicles.... Read More »

 

PSA's Tavares prepares to tackle pricing, low-cost threats

April 12, 2014 12:08 CET
PSA/Peugeot-Citroen's prospects may be brightening as Europe emerges from a market slump, but new CEO Carlos Tavares still faces long odds as he prepares to present his Back in the Race recovery plan on Monday.... Read More »

 

2014 BEIJING AUTO SHOW

Lexus aims NX crossover at German premium brands in China

April 11, 2014 14:45 CET
Lexus will debut the NX crossover at the Beijing auto show as it tries to compete with German premium rivals in China. The NX will be the brand's first compact crossover and will be sold in global markets including Europe and the United States.... Read More »

 

Ford F-150 probe closed by U.S. regulators without request for recall

10:28 am U.S. ET | April 11, 2014
Federal safety regulators said today they have closed an investigation into complaints of reduced power in Ford F-150 pickup trucks, stopping short of requesting a recall. The probe covered about 360,000 trucks.... Read More »

 

THE GM RECALL

Deadly GM ignition switches started with 2003 Saturn Ion

3:13 pm U.S. ET | April 11, 2014
The 2003 Saturn Ion was supposed to be a pivotal car for GM. Instead, it came to represent the compromises and corner cutting that almost destroyed GM and now find the company in a global recall of some of its most popular models. The Ion debuted two years before the Chevy Cobalt, the model most associated with the current recall of 2.6 million vehicles, and it was the first car with the defective ignition switch linked to at least 13 deaths, when engines turned off, disabling airbags.... Read More »

 

Chrysler to take $130 million charge in first quarter due to Venezuela

4:25 pm U.S. ET | April 11, 2014
A change in the way it measures currency in Venezuela will cause Fiat Chrysler Automobile's Chrysler Group LLC unit to take a $130 million charge in its first quarter, Chrysler said today in a filing with federal regulators.... Read More »

 

Co-owner of Calif. luxury dealership pleads guilty in campaign finance case

3:34 pm U.S. ET | April 11, 2014
The co-owner of a California luxury-car dealership pleaded guilty in federal court to making illegal political campaign donations in the name of a foreign national, according to court documents.... Read More »

 

YANG JIAN

Compact SUVs to shine at Beijing show

5:58 am U.S. ET | April 11, 2014
Ten years ago, many Chinese could not afford a car, but today not only can they afford one, they are getting picky about which vehicle to buy -- and they're increasingly opting for compact SUVs.... Read More »

 

Ontario plans to unload remaining stake in GM

1:29 pm U.S. ET | April 11, 2014
The Canadian province of Ontario plans to sell its remaining shares of General Motors Co. in the next year as part of a review of its state-owned assets.... Read More »

 

Ford debuts the Skyliner Transit concept vehicle

1:08 pm U.S. ET | April 11, 2014
Melvin Betancourt, design manager for Ford Motor, speaks before the 2015 Transit Skyliner concept van is unveiled at Galpin Auto Sports in California on Thursday. The Transit Skyliner features custom-designed throne seats that are movable and can be repositioned automatically, controlled by a smartphone or tablet, as well as a theater and bar. Photographer:... Read More »

 

U.S. senators ask Justice Department to intervene in GM litigation

11:24 am U.S. ET | April 11, 2014
A group of senators today urged the Department of Justice to oppose any efforts by General Motors to skirt financial responsibility related to the company's failure to promptly recall vehicles with ignition switch problems linked to 13 deaths.... Read More »

 

2014 BEIJING AUTO SHOW

Lexus NX compact crossover will have 3 powertrains

7:22 am U.S. ET | April 11, 2014
Lexus plans to unveil the production version of its NX compact crossover at this month's Beijing motor show with three powertrains, including a turbo and hybrid for America.... Read More »

 

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Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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