Company Information

Is a focused, all-in Visteon now stable?

12:01 am U.S. ET | March 23, 2015

When Tim Leuliette steps down as CEO of Visteon Corp. late this year, he will leave behind a company working in just one major product sector: cockpit electronics. That's a radical change for Ford Motor Co.'s former in-house parts division, which had a vast, disjointed product portfolio....
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Why a Japanese supplier is upping its game

12:01 am U.S. ET | March 22, 2015

Aisin Seiki, the world's fifth biggest auto supplier, is doubling the size of its global design division as it expands into new products and targets new customers....
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Cadillac will fit CT6 with a new twin-turbo V6

10:48 am U.S. ET | March 20, 2015

Cadillac has promised that its forthcoming CT6 will form the tip of its technological spear, packing features such as an autonomous-drive system and a rearview mirror that streams video from a rear camera....
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Russia approves $166 million in subsidies for car plants

March 20, 2015 09:47 CET

Russia will provide carmakers with 10 billion rubles ($166 million) in subsidies in a bid to support an industry struggling to cope with the country's economic downturn. The Russian car market is forecast to shrink by up to 35 percent in 2015 after falling by 10 percent last year....
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AutoCanada rises on dealership purchases, sounds caution for '15

1:26 pm U.S. ET | March 20, 2015

AutoCanada, the nation’s largest publicly traded dealership group, said earnings and revenue soared in the latest quarter and the full year, driven by the addition of 17 stores....
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Nissan adds muscle to U.S. field ops

1:23 pm U.S. ET | March 20, 2015

Nissan North America Chairman Jose Munoz continues to put more power into the rising brand's US field organization, adding personnel to react faster to local dealer requests....
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Wagoner, Akerson depositions being sought by plaintiffs' lawyer

11:15 am U.S. ET | March 20, 2015

Former GM CEOs Rick Wagoner and Dan Akerson are among 96 current and ex-employees that lawyers involved in class-action lawsuits over faulty ignition switches have asked to question under oath from May through October. Neither appeared on a list of 35 scheduled depositions released Thursday by Texas lawyer Bob Hilliard....
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Calif. recall bill would tighten used-car loopholes

12:01 am U.S. ET | March 20, 2015

California lawmakers are considering potentially precedent-setting legislation designed to protect consumers from unknowingly buying used vehicles that have been recalled but not repaired....
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Japan far outpaces U.S. in replacing Takata airbag parts

6:49 am U.S. ET | March 20, 2015

As automakers plead with U.S. customers to fix potentially deadly Takata airbags, recalls in Japan are drawing much stronger responses, with more than two-thirds of the total already repaired....
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GM's Russia sales hit by low adaptability to consumers, ruble fall, report says

March 19, 2015 10:59 CET

GM's car sales in Russia suffered because the company did not adapt to Russian consumer needs, the government's industry and trade ministry was quoted as saying. GM is idling its St. Petersburg plant and pulling Opel and mainstream Chevrolet models from the market....
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Jeep's Moab concept vehicles pull from brand's past

3:00 pm U.S. ET | March 19, 2015

Jeep relied heavily on images from the brand's 74-year history to develop seven working concept vehicles -- including a Wrangler-based pickup -- that it will take to the 2015 Easter Jeep Safari in Moab, Utah....
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LINDSAY CHAPPELL

BLOG: India's Mahindra stills wants to sell in the U.S.

10:24 am U.S. ET | March 19, 2015

Pawan Goenka has not given up on the idea of entering the US auto market. The head of automotive operations for India's Mahindra & Mahindra, Goenka acknowledges that the company is “still in the middle of it” on the legal fallout from his first attempt at entering....
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LUCA CIFERRI

BLOG: China and cutting CO2 tough tasks for incoming BMW CEO Krueger

7:15 am U.S. ET | March 19, 2015

BMW CEO Norbert Reithofer sees China and CO2 emissions as the biggest challenges facing incoming chief Harald Krueger when he takes over the top job from Reithofer on May 15....
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Honda adds more vehicles to U.S. recalls on Takata airbag flaws

6:24 am U.S. ET | March 19, 2015

Honda added about 100,000 vehicles in the United States to existing recalls for flawed airbags made by Takata after discovering it hadn’t properly identified these models as being produced for the market....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Land Rover Discovery Sport on conquest path

March 19, 2015 06:01 CET

Land Rover expects the Discovery Sport to join the Range Rover Evoque coupe-styled compact SUV in attracting new customers to the brand. It will also become one of the company's top-selling models, executives predict....
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BMW tones down profit-growth forecast as investment costs remain high

March 18, 2015 12:16 CET

BMW said it expects sales volume and profit will slow this year because of aging models and higher investment costs for new technologies....
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VW finance arm eyes record profit in 2015, CEO says

March 18, 2015 12:34 CET

Volkswagen's finance division is targeting 2015 operating profit that will not be below last year's record result of 1.7 billion euros ($1.80 billion), its CEO Frank Witter said....
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Porsche SE faces payment of 428 million euros in tax arrears

March 18, 2015 12:10 CET

Porsche SE is facing the payment of 428 million euros ($454 million) in tax arrears this year dating back to the period when the company tried to take over Volkswagen. The payment may shrink Porsche SE's net liquidity and cap dividend payouts, finance chief Hans Dieter Poetsch said....
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VW Chairman Piech, Porsche family on witness list in hedge-fund lawsuit

March 18, 2015 11:35 CET

VW Group Chairman Ferdinand Piech and Porsche SE Chairman Wolfgang Porsche are among 21 people who will be asked to testify by a German court in a 1.8 billion euro lawsuit filed by two U.S. hedge funds....
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Mini Superleggera roadster still under discussion, 'mini Mini' unlikely, top exec says

March 18, 2015 06:01 CET

BMW has not approved a roadster based on the Superleggera concept for its Mini brand nor a “mini Mini” that would be built with Toyota, Mini's top executive, Peter Schwarzenbauer, said....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Spain's Gestamp surged when main rivals slumped

March 18, 2015 06:01 CET

Spanish supplier Gestamp will continue along the growth path it started down when the auto industry was hit by the last financial crisis when it went on an expansion spree that boosted its operations in markets as far apart as Germany and China....
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U.S. judge taps lead lawyers for Takata airbag cases

6:30 pm U.S. ET | March 17, 2015

Four plaintiffs' lawyers, including high-profile attorney David Boies, were appointed by a federal judge to lead civil litigation against Takata and several automakers for injuries caused by allegedly faulty airbags....
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China's FAW chairman faces gov't graft probe

March 17, 2015 13:18 CET

Xu Jianyi, the chairman of China's FAW Group, which makes cars with Volkswagen and Toyota, is being investigated by the Communist Party anti-graft watchdog....
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Plaintiffs' lawyers say GM internal documents contradict Valukas report

2:25 pm U.S. ET | March 16, 2015

Plaintiffs suing GM over faulty ignition switches have gained access to previously confidential documents produced by the automaker, and their attorneys plan to depose current and former top executives this year. Two of the plaintiffs' lawyers contend the documents contradict conclusions reached by GM's internal investigation last year....
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Chevy to reveal next-gen Camaro on May 16

1:41 pm U.S. ET | March 16, 2015

Chevrolet plans to unveil the sixth-generation Camaro sports car at a fan event here on May 16, General Motors said today. The free event at the 982-acre Belle Isle Park here will include meet-and-greets with Camaro designers and engineers and "hot lap" rides around the Detroit Belle Isle Grand Prix course....
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