Company Information


VW will delay China JV stake increase due to scandal costs

Nov. 19, 2015 12:43 CET

VW is delaying its plan to boost its stake in its joint venture with China's FAW Group after reviewing the investment in the wake of its emissions-cheating scandal....
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BLOG: A case for tracking customers' ownership status

11:45 am U.S. ET | Nov. 18, 2015

A bill to limit the Consumer Financial Protection Bureau’s 2013 auto lending guidance found overwhelming support in the House, but when it reaches the Senate, the story could change....
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New DARCARS CEO starts shopping

10:55 am U.S. ET | Nov. 18, 2015

DARCARS Automotive Group is in talks with several U.S. dealerships about possible acquisitions after completing its first store purchase since John Darvish Jr., son of the founder, took over as CEO last year....
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Toyota Prius gets big fuel efficiency boost

Nov. 18, 2015 06:01 CET

Toyota expects to improve fuel economy in its latest Prius hybrid car by 20 percent. The fourth-generation Prius will go on sale in Europe and the U.S. early next year following its December launch in Japan....
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Auto dealers poised for victory on recall provision in U.S. highway bill

7:00 am U.S. ET | Nov. 18, 2015

It was supposed to be the response by Congress to a historic string of auto safety lapses that rocked the industry. Instead, lawmakers are finalizing a highway bill that would let dealers sell used cars with outstanding safety recalls....
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VW's Horn: Plan for emissions fix coming 'soon'

8:51 pm U.S. ET | Nov. 18, 2015

Volkswagen Group of America may soon disclose how it intends to fix 482,000 2.0-liter diesel vehicles with illegal emissions software, the company's chief said. The automaker is approaching a Friday deadline to submit draft plans for the fixes to the California Air Resources Board. CARB and the EPA must approve VW's repair plans before a recall can begin....
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Porsche lawyers say actor Paul Walker to blame for his death in crash

2:08 pm U.S. ET | Nov. 18, 2015

Lawyers for German automaker Porsche said actor Paul Walker was responsible for his own death in a crash of a Porsche sports car, in response to a wrongful death lawsuit filed by Walker's daughter, court documents showed....
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Infiniti foresees Europe, China sales boost from QX30 crossover

Nov. 18, 2015 09:33 CET

Infiniti today unveiled the QX30, a crossover variant from its new range of Mercedes-based compact cars. Nissan's premium brand hopes the QX30 will attract more younger buyers, especially in Europe and China where compact crossovers are popular....
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Tesla in talks with Germany over possible battery factory

Nov. 17, 2015 16:17 CET

Tesla is in discussions with the German government about building a battery factory in the country. Tesla has said that Germany is a key market for its household battery-storage systems....
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U.S. sales will peak in 2016 as pent-up demand begins to ease, predicts NADA chief economist

4:00 pm U.S. ET | Nov. 17, 2015

Pent-up demand for new vehicles in the U.S., having propelled sales upward each year starting in 2010, will begin to ease over the next few years, the chief economist of the National Automobile Dealers Association said....
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Penske buys N.J.-based dealership group

10:46 am U.S. ET | Nov. 17, 2015

Penske Automotive Group Inc. has bought the Schneider Nelson Auto Group in a deal expected to generate annual revenue of about $175 million....
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Takata airbag recall gets more complicated, and messy

12:01 am U.S. ET | Nov. 17, 2015

Craig Jorgensen owns a Honda CR-V and a Toyota Avalon, both originally fitted with potentially deadly Takata airbags. His experience in the biggest combined safety recall in U.S. automotive history shows just how complicated the process is....
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Buick eagerly awaits fresh product

12:01 am U.S. ET | Nov. 16, 2015

Buick is finally about to get some fresh sheet metal to go along with that catchy advertising jingle....
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TrueCar exec Dominique to leave at year's end

3:45 pm U.S. ET | Nov. 16, 2015

Larry Dominique, executive vice president of industry solutions at TrueCar, is leaving at the end of the year in the latest executive departure at the online shopping site....
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NHTSA finally puts foot down on propellant

12:01 am U.S. ET | Nov. 16, 2015

Federal regulators are taking over efforts to recall 19 million U.S. vehicles and replace 23 million potentially faulty airbag inflators. But they are going beyond that. Regulators also set a deadline for halting the use of ammonium nitrate as an airbag propellant....
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Larry H. Miller Group names a new board of directors

2:59 pm U.S. ET | Nov. 16, 2015

Larry H. Miller Group of Cos., the nation's fifth-largest private auto dealership group, has a new board of directors. The board is the final step in completing a giant corporate restructuring it started in March that included unseating CEO Greg Miller, son of the company's founder....
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Auto execs expect uptick in M&A deals through 2016

3:36 pm U.S. ET | Nov. 16, 2015

Global automotive merger and acquisition activity is expected to increase in the next 12 months, according to a recent survey of auto executives....
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VW, Audi to meet U.S. regulators on emissions this week, report says

10:19 am U.S. ET | Nov. 16, 2015

Volkswagen and Audi executives will meet with U.S. environmental regulators this week, ahead of a Nov. 20 California deadline to submit a plan to fix nearly 500,000 diesel cars that violate pollution emission rules, people familiar with the matter told Reuters....
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Ford faces trial on mpg estimates as U.S. judge refuses to toss suit

12:34 pm U.S. ET | Nov. 16, 2015

Ford will have to face trial over claims that it exaggerated fuel-efficiency estimates for its Fusion and C-Max hybrids after a federal judge denied the company’s request to throw the case out....
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Takata crisis dents keiretsu argument

12:01 am U.S. ET | Nov. 16, 2015

Honda has decided to stop using airbags supplied by Takata Corp. That's a catastrophic turn of affairs for Takata after a run of quality glitches that have resulted in 19 million U.S. vehicle recalls and as many as eight deaths. But it's also a dramatic twist in what the auto industry has long assumed about Japanese keiretsus....
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VW seeks as much as $21.5 billion in bridge financing, report says

1:04 pm U.S. ET | Nov. 13, 2015

VW is working with banks to secure as much as $21.5 billion in short-term bridge financing to show it has adequate liquidity to weather the diesel emissions crisis, Bloomberg reported, citing two people familiar with the matter....
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Pininfarina sees agreement on sale to Mahindra in next few weeks

Nov. 13, 2015 13:27 CET

Car designer Pininfarina says it expects to reach a deal to be acquired by Indian automaker Mahindra in the next few weeks....
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Opel wants leaner Astra to leap over rivals

Nov. 12, 2015 06:01 CET

Opel hopes to win sales from the Volkswagen Golf as well as compact luxury models such as the BMW 1 series by positioning its new-generation Astra as a near-premium offering that boasts improved fuel economy, a quieter ride plus a wide range of high-tech safety and comfort features....
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VW's Seat brand in focus as group seeks cost cuts

Nov. 12, 2015 14:40 CET

Volkswagen has stood by its Seat brand through years of losses, but the spreading diesel-emissions scandal will test the group's loyalty to the Spanish unit as CEO Matthias Mueller seeks to make cuts....
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Fiat will launch Fullback into expanding pickup market

Nov. 12, 2015 12:14 CET

Fiat is joining Nissan and Mercedes-Benz in targeting a growing market for utility vehicles with its Fullback midsize pickup, which is based on the Mitsubishi L200....
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GM's Barra: Tapping into ideas from Silicon Valley

GM's Barra: Tapping into ideas from Silicon Valley

General Motors CEO Mary Barra comments on lessons from mom; girls who shy away from math; slicing a 10-page policy down to two words; tapping millennials to erase stupid habits; taking regular trips to Silicon...
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