Company Information

Dow CEO Liveris agrees to exit after DuPont merger

3:49 pm U.S. ET | Feb. 2, 2016

Dow Chemical CEO Andrew Liveris will leave the company after the completion of its merger with DuPont Co., marking a victory for activist investor Dan Loeb, who had called for his removal....
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GM, lawyers ask U.S. judge to reject bid to halt switch settlement

12:50 pm U.S. ET | Feb. 2, 2016

General Motors has asked a judge to reject efforts by a lawyer who first publicly exposed a faulty ignition switch in GM vehicles to undo a settlement fund resolving 1,380 death and injury lawsuits....
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Takata must change culture to prevent another safety crisis, panel says

6:56 am U.S. ET | Feb. 2, 2016

Takata Corp. must make quality a part of company culture if it hopes to prevent future safety defects like the exploding airbags at the center of the largest automotive recall in U.S. history, a panel appointed by the Tokyo-based manufacturer to review its manufacturing process concluded....
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Former Opel CEO Demant retires after VW role

Feb. 2, 2016 06:01 CET

Volkswagen Group's international projects chief, Hans Demant, has retired, ending a long career that was mainly spent at General Motors' European operations where he was known as "Mr. Opel."...
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Opel CEO on reaching breakeven in 2016: 'We can see the target now'

Feb. 2, 2016 06:01 CET

Karl-Thomas Neumann says Opel has beaten all internal targets since he arrived four years ago as CEO and this year the automaker expects to break even after more than a decade of losses. Neumann spoke with Automotive News Europe about the challenges that need to be overcome to reach this point....
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NEWS ANALYSIS: SERGIO'S BIG BET

What FCA stands to gain from outsourcing small and midsize sedans

12:01 am U.S. ET | Feb. 1, 2016

Fiat Chrysler Automobiles' risky strategy -- basically to get out of the commodity car business and focus on its most profitable products -- may be the best chance for FCA to overcome a perilous lack of resources and find the merger partner it craves....
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BorgWarner shrugs off its Wall Street beating

11:50 am U.S. ET | Feb. 1, 2016

BorgWarner is being punished by Wall Street. So far, though, CEO James Verrier isn't worried. The powertrain supplier has witnessed its share price plummet nearly 47 percent over 12 months....
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What is Carl Icahn's plan for Federal-Mogul?

9:19 am U.S. ET | Feb. 1, 2016

When Federal-Mogul this month scrapped its plan to split in two, it raised eyebrows because it came right after its largest shareholder agreed to acquire the auto parts chain Pep Boys-Manny Moe & Jack....
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VW faces U.S. deadline for SUV emission repair plan

3:49 pm U.S. ET | Feb. 1, 2016

Volkswagen faces a Feb. 2 deadline to submit a repair plan for 80,000 diesel SUVs and larger cars that emit excess pollution, even as it considers buying back some vehicles and a prior fix plan for smaller vehicles was rejected....
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Tesla applies for dealership license in Michigan

2:46 pm U.S. ET | Feb. 1, 2016

Tesla Motors has applied for a Michigan dealership license, a move the automaker said is intended to test a state law effectively banning the electric-vehicle maker's direct-sales model....
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HANS GREIMEL

BLOG: In Daihatsu deal, Toyota zigs while Detroit zags

11:14 am U.S. ET | Feb. 1, 2016

Toyota is zigging, while Detroit zags on a key strategy: How important are small cars and emerging markets to determining future winners and losers. Toyota placed its bet last week, agreeing to buy all of Daihatsu for a stronger foothold in both....
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CarMax CEO Tom Folliard to retire by end of year

10:34 am U.S. ET | Feb. 1, 2016

CarMax CEO Tom Folliard will retire by the end of the year, the used-car retailer said today. He will be succeeded by Bill Nash, the executive vice president of human resources....
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Renault opens China factory amid slowing market

Feb. 1, 2016 10:57 CET

Renault launched its new factory in China, saying it still sees plenty of growth in the market where new-car demand is slowing after years of double-digit growth....
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JCI's spinoff must refocus to remain on top

12:01 am U.S. ET | Feb. 1, 2016

Just two years ago, Johnson Controls Inc. was a major automotive supplier, but it has been transformed by a series of deals that have split up its operations, leaving its interior parts business in a joint venture with a Chinese partner and making its seating unit an independent company. Its automotive battery division and building controls business will remain with a new Ireland-based company to be created in a proposed merger with Tyco International....
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International operations help Ford's bottom line

12:01 am U.S. ET | Feb. 1, 2016

In addition to the billions of dollars earned from surging pickups and SUVs in North America, Ford posted its first European profit in five years and record results in Asia....
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JAMES B. TREECE

Industry breaks trust, makes its bed

12:01 am U.S. ET | Feb. 1, 2016

Widespread safety recalls, information withholding and deceitful practices are damaging the auto industry's public credibility and sparking a regulatory reaction....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How Opel, Ford will make Europe a reliable profit source after years of struggle

Jan. 31, 2016 06:01 CET

Ford and General Motors' European units have both suffered tough times in recent years but 2016 looks likely to be different. GM Europe is set to break even, while Ford of Europe expects to become the money-making machine it was from 2004 until 2011....
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Autoliv predicts 5% growth in 2016, but market wanted more amid Takata recalls

10:30 am U.S. ET | Jan. 29, 2016

Swedish car safety products supplier Autoliv predicted sales growth of 5 percent this year, but analysts expected more because of potential new business Autoliv could win amid the Takata airbag crisis....
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Campbell-Ewald CEO Palmer terminated by parent company

10:52 am U.S. ET | Jan. 29, 2016

Jim Palmer is out as CEO of Campbell Ewald, the Detroit ad agency known for its longtime ties to General Motors. The agency's parent company said today it terminated Palmer, effective immediately....
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Takata says CEO has no plans 'as of now' to step down

Jan. 29, 2016 11:22 CET

Takata said its CEO Shigehisa Takada had no intention to resign "as of now" as the airbag maker struggles with a long-running safety recall crisis....
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Honda quarterly profit falls 22% on recall costs, strong dollar

4:10 am U.S. ET | Jan. 29, 2016

Honda's operating profit fell 22 percent in the latest quarter as expenses for recalling Takata airbags and losses from a strong dollar undercut rising sales....
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Toyota will buy out rest of Daihatsu for $3 billion amid push into small cars

Jan. 29, 2016 12:03 CET

Toyota said it will buy out the rest of Daihatsu in a deal worth about $3 billion as part of its strategy to strengthen its push into small cars for emerging markets....
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Cox Automotive acquires stake in F&I company

1:16 pm U.S. ET | Jan. 28, 2016

Cox Automotive has acquired a minority interest in SilverRock Holdings, which owns three service-contract and insurance companies. The purchase will give dealers affiliated with GO Financial and NextGear Capital the ability to offer consumers extended service contracts, GAP and other insurance, as well as vehicle-theft recovery products....
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GM names executive to lead autonomous driving efforts

4:13 pm U.S. ET | Jan. 28, 2016

GM is reorganizing certain vehicle engineering operations to speed efforts to develop autonomous and electrified vehicles. Doug Parks, GM's vice president for global product programs, will become vice president for autonomous technology and vehicle execution, reporting to global product chief Mark Reuss....
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GM, Lithia, Koons settle advertising allegations by FTC

1:38 pm U.S. ET | Jan. 28, 2016

GM and two dealership companies, Jim Koons Management and Lithia Motors, will settle allegations that they advertised cars as being carefully inspected when, in fact, they had unrepaired safety recalls, the FTC said....
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