Company InformationGM wins conquests through Costco 12:01 am U.S. ET | Dec. 7, 2013 A promotion between General Motors and Costco's auto sales arm has the warehouse club's members kicking the tires on GM's full-sized pickups far more than in the past.... Read More »
Audi teases tiny crossover for Detroit show 12:10 pm U.S. ET | Dec. 6, 2013  Audi has released design sketches for a subcompact crossover concept that it plans to unveil at the Detroit auto show next month, giving another hint of Audi's ideas for the smaller end of its fast-growing crossover lineup.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE BMW has high hopes for i3Dec. 6, 2013 06:01 CET  BMW is bullish on the market potential for the i3 EV, the first model from its i subbrand. The automaker said orders for the i3 topped 10,000 even before sales started last month in Germany.... Read More »
Wilbur Ross will postpone IPO for supplier IAC, report saysDec. 6, 2013 06:01 CET  Billionaire Wilbur Ross's auto supplier International Automotive Components Group SA is delaying its initial public offering until 2014, two people with knowledge of the matter told Bloomberg.... Read More »
Audi's top designer Egger will move to Italdesign, reports sayDec. 5, 2013 17:28 CET  Audi's chief designer, Wolfgang Egger, will move to Italdesign Giugiaro as the company's design boss, German press reports said. Marc Lichte, a senior VW designer who was responsible for styling the current Golf, will be Egger's successor, the reports said.... Read More »
Ford says a convertible 2015 Mustang is on the way, too 12:34 pm U.S. ET | Dec. 5, 2013  When the 1964 1/2 Ford Mustang debuted, buyers could choose from three body styles -- a hardtop, a fastback and a rag-top convertible. It was already known that the 2015 Mustang will arrive as a fastback, but Ford today said that a drop-top version also is in the works.... Read More »
Ford plans to launch new Ka in Europe in 2015Dec. 5, 2013 12:42 CET  Ford of Europe plans to launch a new Ka in the region in 2015 based on the Ka Concept unveiled in Brazil last month. The five-door model will replace the three-door Ka.... Read More »
Jaguar Land Rover to start Brazil output in 2016Dec. 5, 2013 22:26 CET  Jaguar Land Rover plans to build a factory in Brazil with a capacity of 24,000 vehicles a year. Production should begin in 2016.... Read More »
Wilbur Ross will postpone IPO for supplier IAC, report says 3:25 pm U.S. ET | Dec. 5, 2013  Billionaire Wilbur Ross’s auto supplier International Automotive Components Group SA is delaying its initial public offering until 2014, two people with knowledge of the matter told Bloomberg.... Read More »
U.S. to help China crack down on vehicle emissions 2:34 pm U.S. ET | Dec. 5, 2013  The United States will help China implement stricter emission standards for vehicles in a bid to help the world's biggest carbon emitter tackle rampant air pollution, the White House said today.... Read More »
Renault-Dongfeng joint venture approved by China regulatorDec. 5, 2013 09:53 CET Renault said China's top economic planner has approved a joint venture between the automaker and Dongfeng to build and sell cars in China. The new venture plans to build 150,000 vehicles a year.... Read More »
Ford redesigns Camaro-chasing Mustang to woo global buyers 7:20 am U.S. ET | Dec. 4, 2013  Almost 50 years after Ford's first Mustang introduced Americans to the fast and affordable pony car, the automaker is counting on a new design it unveils on four continents tomorrow to spur global sales.... Read More »
GM gets investment from Hayman Capital as U.S. exits, report says 1:46 pm U.S. ET | Dec. 4, 2013  Investment company Hayman Capital Management has taken a stake in General Motors, a person familiar with the matter told Bloomberg. The automaker is poised to appreciate as the federal government winds down its ownership stake, the hedge fund said.... Read More »
General Motors said to plan sale of stake in Ally, report says 1:28 pm U.S. ET | Dec. 4, 2013  GM is planning to sell its stake in Ally Financial, the auto lender majority owned by American taxpayers, a person with knowledge of the transaction told Bloomberg. Selling now would allow GM to avoid a months-long lockup tied to Ally’s initial public offering, according to the person, who asked to remain anonymous because the deal isn’t public.... Read More »
China car lobby opposes move to ease restrictions on foreign automakers 4:39 am U.S. ET | Dec. 4, 2013  China's auto lobby is fighting a possible move by the government to ease restrictions on foreign ownership in the car industry, saying that the move would weaken domestic carmakers.... Read More »
China car lobby opposes move to ease restrictions on foreign automakersDec. 4, 2013 10:39 CET  China's auto lobby has fiercely opposed a possible move by the government to ease restrictions on foreign ownership in the car industry, saying that the move would weaken domestic carmakers.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Nissan increases reliance on UK execs, Sunderland plantDec. 4, 2013 06:15 CET  British executives have increased their global importance within Nissan as the UK becomes an increasingly crucial production location for the automaker, which aims to topple Toyota as Europe's top-selling Asian brand by 2016.... Read More »
Lamborghini parts ways with U.S. bossDec. 4, 2013 06:01 CET  Lamborghini's top U.S. executive, Michael Lock, has left the company. Lock had been COO of Automobili Lamborghini America since last January. Before joining Lamborghini, he was chief marketing officer of Norwegian EV manufacturer Think.... Read More »
Lamborghini parts ways with U.S. boss Lock 7:57 pm U.S. ET | Dec. 3, 2013  Michael Lock, the top United States executive for Volkswagen AG's Lamborghini subsidiary, has left the company, the Italian manufacturer of exotic sports cars said Tuesday.... Read More »
U.S. senator asks automakers how they will thwart hackers 4:06 pm U.S. ET | Dec. 3, 2013 A United States senator has asked 20 of the world's biggest automakers for information on how they secure their vehicles from cyber attacks, in light of reports by security experts who say they have identified ways to hack into cars.... Read More »
Daimler faces insider trading trial over EADS stakeDec. 3, 2013 12:20 CET  Daimler faces allegations of insider trading over its disposal of shares in EADS, the European aerospace company, in 2006, the Paris prosecutor's office said.... Read More »
Audi will begin Q1 production in 2016Dec. 2, 2013 15:55 CET  Audi will join Europe's booming subcompact SUV/crossover segment with the Q1, which will go into production in 2016. Audi is hoping to lure customers away from models such as the Nissan Juke and Mini Countryman with the Q1, its smallest SUV.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Alfa's revised plan focuses on new rwd/awd architecture 12:15 am U.S. ET | Dec. 2, 2013  The revised Alfa Romeo plan that Fiat boss Sergio Marchionne is expected to announce next April focuses on a new rear-wheel- and all-wheel-drive architecture that the automaker hopes will boost Alfa's global presence.... Read More »
Federal-Mogul acquires bearings supplier in Russia 2:49 pm U.S. ET | Dec. 2, 2013 Auto supplier Federal-Mogul has agreed to acquire European bearings supplier DZV Bearings Co., based in Dimitrovgrad, Russia.... Read More »
Ford gets new court hearing on $445 million IRS tax dispute 2:01 pm U.S. ET | Dec. 2, 2013 Ford will get a new hearing in its bid to collect $445 million in interest on overpaid taxes from the IRS, as the Supreme Court told a lower court to take a fresh look at the case.... Read More »
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Special Report
 Dealer aims to create a 'place of delight'Bernie Moreno has expanded the suburban Cleveland-based Collection Auto Group from a single store in 2005 to 21 dealerships today. Mon., December 9» Watch the Video |
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