Company Information

Hertz hires airline veteran Tague to revive company

12:12 pm U.S. ET | Nov. 21, 2014
Hertz Global Holdings named John Tague as its new CEO, appointing the manager credited with boosting sales at United Airlines to restore investors' confidence in the car-rental company plagued by an aging fleet and sloppy accounting....
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HANS GREIMEL

Japan's fugitive execs have called DOJ's bluff

9:56 am U.S. ET | Nov. 21, 2014
Are the fugitive Japanese businessmen indicted for alleged price fixing calling the U.S. government's bluff?...
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Gestamp expects China to be its No. 3 market by 2015

Nov. 21, 2014 06:01 CET
Gestamp, a Spanish supplier of metal auto parts, predicts that by 2015 China will become its third-largest market worldwide, after Germany and Spain....
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Honda admits failures in Takata airbag fiasco

2:36 pm U.S. ET | Nov. 20, 2014
A Honda executive told Congress today that the company failed to properly notify federal regulators of some crashes in which airbags made by Takata exploded and to clearly warn customers of the danger some vehicles could pose. He also acknowledged that the automaker still doesn't know for sure the extent of the problem but said it is working to find out and to make repairs as quickly as possible....
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Schaeffler posts 36% jump in Q3 profit on car demand rebound in Europe

Nov. 20, 2014 15:12 CET
Schaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired....
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GM shuffles top execs for quality, purchasing, powertrain

4:30 pm U.S. ET | Nov. 20, 2014
GM said Grace Lieblein will replace Alicia Boler-Davis as head of global quality as the company caps a year of record recalls. Boler-Davis, who has been in charge of quality since July 2013, will retain responsibilities for customer experience and oversee OnStar as well. Lieblein, currently head of purchasing, will be replaced by powertrain chief Steve Kiefer....
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NHTSA tells Marchionne to speed up Jeep recall fix

1:58 pm U.S. ET | Nov. 20, 2014
Chrysler Group CEO Sergio Marchionne was sent a stern letter Thursday from federal regulators to speed up repairs of recalled Jeep SUVs that face a heightened fire risk....
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Ferrari names Edwin Fenech head of N.A. unit

4:11 pm U.S. ET | Nov. 20, 2014
Ferrari has named 14-year employee Edwin Fenech as CEO of the premium sports car maker's North American unit....
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Millions of cars need airbag fix as Senate grills auto industry

6:37 am U.S. ET | Nov. 20, 2014
The world's biggest automakers have fixed a fraction of almost 8 million cars recalled for Takata airbags, providing fuel for a Senate committee the grilled industry executives today for their handling of the crisis....
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THE GM RECALL

GM sued by Arizona on claims it hid safety defects

6:59 am U.S. ET | Nov. 20, 2014
Arizona filed a lawsuit against General Motors, claiming the carmaker put the public at risk by concealing safety defects to avoid the cost of recalls. Arizona was seeking an estimated $3 billion from GM, the New York Times reported....
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GM names Stephen Carlisle to head Canada unit

3:51 pm U.S. ET | Nov. 20, 2014
General Motors today named Stephen Carlisle the new president and managing director for GM Canada as the company’s current chief for Canada, Kevin Williams, prepares for retirement at year's end....
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NHTSA's decision to decline Takata documents spurs criticism

10:53 am U.S. ET | Nov. 20, 2014
Five months after an exploding airbag killed a Virginia woman on Christmas Eve of 2009, the manufacturer offered the National Highway Traffic Safety Administration additional documents, but the agency said it was unnecessary because it has just closed its investigation....
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Mobileye, maker of collision-avoidance tech, reports 70% revenue hike for Q3

3:06 pm U.S. ET | Nov. 20, 2014
Mobileye, which produces collision-avoidance technology, reported a 70 percent rise in revenue but posted a net loss for the third quarter....
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DAVE GUILFORD

Ghosn sets the record straight on price-fixing conspiracy

12:53 pm U.S. ET | Nov. 20, 2014
In our package of stories on supplier price-fixing published Monday, one report said Carlos Ghosn inadvertently created the bid-rigging tradition. It was an intriguing scenario. But Carlos Ghosn begs to differ....
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GM approves Opel SUV and engine investments in Germany, Poland

Nov. 20, 2014 16:22 CET
GM CEO Mary Barra said Opel will add a flagship SUV to its lineup. The model will launch by the end of the decade. GM will also invest more than 500,000 euros in the production of new engines and transmissions in Germany and Poland....
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Mercedes presents Maybach S class as luxury executive cocoon

Nov. 20, 2014 06:01 CET
Mercedes's new Maybach version of its flagship S class is challenging Bentley and Rolls-Royce for supremacy among customers who enjoy a chauffeured car's back seat....
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TRW shareholders approve $13.5 billion takeover by ZF

7:21 am U.S. ET | Nov. 20, 2014
TRW Automotive shareholders today approved a $13.5 billion takeover offer by Germany's ZF Friedrichshafen, the companies said, paving the way for a new global automotive supply powerhouse to rival Robert Bosch....
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Mazda hopes CX-5, Mazda6 facelifts turn heads

2:00 pm U.S. ET | Nov. 19, 2014
Midsize sedans were once the brown shoes of the US car market: a rational purchase, not an emotional one. Cars such as the Ford Fusion and Hyundai Sonata changed that; now even the Toyota Camry, once the king of the sensible sedans, is being billed by some as a fashion statement....
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VW to bring Golf Alltrack to U.S. in 2016 to take on Subaru

3:22 pm U.S. ET | Nov. 19, 2014
VW has decided to offer the Golf SportWagen with 4Motion all-wheel drive in the United States starting in 2016, both as a pure wagon and as a crossover-styled variant called the Alltrack....
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Jaguar beefs up powertrain options on F-Type

11:00 am U.S. ET | Nov. 19, 2014
Jaguar is building on its successful return to the sports car market by expanding the powertrain options in the F-Type coupe and convertible. The 2016 models arriving next spring will offer all-wheel drive, a manual transmission on V-6 models, electric power steering and other improvements....
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Chrysler 300 refreshed with rotary shifter, updated front fascia

12:01 am U.S. ET | Nov. 19, 2014
Designers used a light touch to refresh the 2015 Chrysler 300, with a new front fascia and the addition of a rotary shifter as the biggest differences for what will be the 60th anniversary of the original 300 in 1955....
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Airbag angst preceded U.S. demand for nationwide Takata recall

2:36 pm U.S. ET | Nov. 19, 2014
Consumer worries about the safety of their airbags played a key role in why federal regulators now are demanding that carmakers recall cars with Takata airbags nationwide -- even at the potential risk of endangering drivers who most urgently need replacements....
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BMW says its Takata inflator work moving from Mexico to Germany

7:21 pm U.S. ET | Nov. 19, 2014
Takata plans to shift production of BMW airbag inflators from Mexico to Germany, BMW said on Wednesday in a filing with federal safety regulators who have been probing questions about the quality of manufacturing at the plant....
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ARLENA SAWYERS

Popping the subprime bubble myth

12:01 am U.S. ET | Nov. 19, 2014
There is no subprime auto loan bubble, darn it. That message came through loud and clear in session after session during the recent Used Car Week conference sponsored in Las Vegas....
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LOS ANGELES AUTO SHOW

Bentley unveils potential range-topping convertible to take on Rolls-Royce

Nov. 19, 2014 13:16 CET
The Bentley Grand Convertible concept previews a possible production car to take on the Rolls-Royce Phantom Drophead Coupe. The Grand Convertible would be Bentley's most expensive car, if it is built....
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How 3 dealerships are connecting with tech-savvy shoppers

Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
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