Company Information

THE GM RECALL

GM customers demand payment for 'callous cover-up' of defect

7:56 am U.S. ET | Dec. 17, 2014
Owners of General Motors cars with faulty ignition switches turned to the only judge who can help them, saying it's wrong to shield the automaker behind bankruptcy law....
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Alfa Romeo readies high-performance engines

Dec. 17, 2014 08:55 CET
Alfa Romeo plans to introduce new high-performance engines, including a range-topping V-6, in a bid to reconnect the brand to its sporty heritage....
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The road ahead for NHTSA's new chief

10:30 pm U.S. ET | Dec. 16, 2014
Mark Rosekind, confirmed to head the National Highway Traffic Safety Administration, faces immediate pressure to take a tougher stance with automakers and suppliers on safety matters, reset the agency's culture and manage the coming wave of autonomous-vehicle and other advanced technologies....
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Honda recalls 569,000 vehicles in China over Takata airbags

6:49 am U.S. ET | Dec. 16, 2014
Honda is calling back about 569,000 vehicles in China to investigate potential defects with airbags made by Takata, underscoring the global reach of the safety crisis after similar campaigns in the US, Canada and Japan....
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Ford hires ex-GM sales analyst to boost connectivity technologies

3:18 pm U.S. ET | Dec. 15, 2014
Ford said today it has hired Paul Ballew, a former GM sales analyst, to help speed development of autonomous-driving, mobility and connectivity technologies....
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THE GM RECALL

GM approves 4 more death claims for recall comp fund

11:21 am U.S. ET | Dec. 15, 2014
Claims for compensation from a faulty ignition switch in General Motors vehicles rose by 64 filings in the last week and GM has approved four more death claims attributed to the defective switch, according to an official report issued today....
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Bentley raises car sales target to 20,000, report says

Dec. 15, 2014 10:12 CET
Bentley is targeting 20,000 annual deliveries by 2020, double its 2013 sales, boosted by new models such as its first SUV, a report said....
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Tax deal sets up Chrysler to churn out more 8-speeds

12:01 am U.S. ET | Dec. 15, 2014
Chrysler Group plans to expand production of its eight-speed rear-wheel-drive transmissions by investing $266 million in its massive Kokomo, Ind., transmission complex....
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Takata tightens screws on suppliers as airbag crisis mounts, report says

8:05 am U.S. ET | Dec. 14, 2014
Takata has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, people familiar with the situation told Reuters....
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JAMES B. TREECE

FTC finds fine print too fine, imposes fines

12:01 am U.S. ET | Dec. 14, 2014
Dealers should remember Americans are getting older. And while smartphone screens are getting bigger, they're still dinky compared to that big-screen TV on your wall. Think big print....
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Chrysler expands airbag recall tally following NHTSA criticism

6:31 am U.S. ET | Dec. 12, 2014
Chrysler Group has agreed to further expand its regional recall of older-model Dodge and Chrysler vehicles equipped with airbag inflators manufactured by Takata -- a week after federal safety regulators criticized the automaker's response to the airbag crisis....
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Renault-Nissan Alliance shuffles purchasing team

3:04 pm U.S. ET | Dec. 12, 2014
The Renault-Nissan Alliance said today has shuffled its executive purchasing team, promoting Yasuhiro Yamauchi, 58, to executive vice president of the two companies' joint purchasing operation....
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Ford elects former FCC chairman Kennard to its board

12:38 pm U.S. ET | Dec. 12, 2014
Ford elected William Kennard, former US ambassador to the European Union and FCC chairman, to its board of directors....
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Skoda shifts new Superb flagship upscale

Dec. 12, 2014 10:13 CET
Skoda will launch the third generation of its Superb flagship in mid-2015 after the midsize sedan debuts at the Geneva auto show in March. Skoda said the new Superb has shifted to the upper end of its segment....
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Tesla’s China president resigns after less than 9 months in post

7:00 am U.S. ET | Dec. 12, 2014
Tesla Motors said its top manager in China is leaving the company after less than nine months in the position....
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Ford-Getrag JV names new COO

Dec. 12, 2014 06:01 CET
Getrag Ford Transmissions, a joint venture between the U.S. automaker and the German supplier, has named Sue Slaughter as its chief operating officer. Getrag also appointed a new Asia boss....
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Aston Martin seeks funds for new models, report says

Dec. 11, 2014 21:56 CET
Aston Martin is preparing to raise funds to expand its range of models into new areas including SUVs, Reuters reported, as the money-losing supercar maker steps up its turnaround efforts under a new boss....
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Fiat Chrysler sells stock at discount after NY slump

Dec. 11, 2014 11:06 CET
Fiat Chrysler's share sale will carry a discount of 4 percent after the stock plunged the most in New York since the company's October debut. CEO Sergio Marchionne is seeking to raise about $5 billion to counter mounting debt....
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Fields predicts 'breakthrough year' for Ford in 2015

4:33 pm U.S. ET | Dec. 11, 2014
Ford CEO Mark Fields said 2015 will be “a breakthrough year” for Ford after a large number of vehicle launches trimmed profit margins in 2014. “Our investments are going to be paying off,” Fields said at a media event to unveil the newest generation of its Sync infotainment system. “This sets us up for growth beyond 2015.”...
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Mercedes sales chief Kaellenius seen as potential Zetsche successor after promotion to board

Dec. 11, 2014 14:34 CET
Daimler promoted Ola Kaellenius, head of sales for its Mercedes unit, to the group's management board, making him a potential candidate to succeed Dieter Zetsche as CEO. Zetsche's current contract runs until the end of 2016....
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Mahindra nears deal to buy Saab maker, report says

Dec. 11, 2014 10:37 CET
India's Mahindra is close to sealing a deal to buy NEVS, the investment group that bought the assets of Saab Automobile, a report said. Mahindra wants Saab so it can accelerate its expansion into Western markets and into premium and electric cars....
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PSA will invest 150 million euros in French plant

Dec. 11, 2014 12:05 CET
PSA has agreed to invest 150 million euros ($187 million) over the next three years to add models such as upscale compact car at its plant in Poissy, France, unions said....
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Takata patent history shows decades spent seeking safer airbags

6:35 am U.S. ET | Dec. 10, 2014
Airbag patents show researchers probed ways to make the devices more durable and the explosive propellant inside them more stable for decades before Takata products designed to save lives started killing people....
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Will cheap gasoline hurt Tesla?

7:47 am U.S. ET | Dec. 10, 2014
Tesla Motors Inc. customers are rich enough to buy luxury cars whatever the cost of a tank of gasoline. So the oil rout may not hammer the stock for long....
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JIM HENRY

Who distorted what? Wording of CFPB statement will get its own investigation

11:30 am U.S. ET | Dec. 10, 2014
The ombudsman’s office for the Consumer Financial Protection Bureau said it would conduct an independent review into complaints that the CFPB’s press releases don’t match the consent orders they describe -- something auto finance insiders have complained about bitterly but privately, for fear of provoking the bureau.
...
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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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