Company Information

LARRY P. VELLEQUETTE

CEO media scrums are as ineffective as they are dangerous

9:22 am U.S. ET | April 18, 2014
Journalists chasing a meaty story can act like a pack of wild dogs sometimes. But this week in New York -- and earlier this year at the Detroit auto show after landing her new job -- GM CEO Mary Barra and her entourage must have realized how injured wildebeests feel as they are set upon by jackals.... Read More »

 

YANG JIAN

French automakers are poised to grab market share in China

12:01 am U.S. ET | April 18, 2014
PSA/Peugeot-Citroen and Renault will soon become forces to be reckoned with in China. PSA is racing to introduce new products while Renault prepares to start local production.... Read More »

 

GM says recalled cars safe, but has not tested for knee-bump danger

9:24 pm U.S. ET | April 17, 2014
General Motors says that cars being recalled because of faulty ignition switches can be driven safely before repairs, based on more than 80 tests, but the automaker has not addressed a problem long known to potentially shut off the engine: a simple bump from a driver's knee.... Read More »

 

GM doesn't have to order customers to park recalled cars, U.S. judge rules

1:01 pm U.S. ET | April 17, 2014
General Motors doesn't have to take the unprecedented step of telling car owners that 2.59 million vehicles it recalled are unsafe to drive until faulty ignition switches are fixed, a federal judge ruled. Federal regulators are better able than courts to tell the automaker how to manage its recall, District Judge Nelva Gonzales Ramos held today in Corpus Christi, Texas.... Read More »

 

AutoNation says Q1 net income rose 15% to $95.1 million

7:11 am U.S. ET | April 17, 2014
Despite 10 weeks of problematic winter weather to start the year, a late March rebound in dealership traffic helped drive AutoNation's net income 15 percent higher in the first quarter of 2014 from the year-earlier period, the company said today.... Read More »

 

HANS GREIMEL

A rare misfire for Subaru with new Levorg wagon?

10:39 am U.S. ET | April 17, 2014
Subaru, one of the hottest brands in the United States, may have chalked up a rare misfire with its newest nameplate -- a small wagon dubbed the Levorg.... Read More »

 

BRUCE GAIN

PSA will survive for now, but long-term challenges remain

6:42 am U.S. ET | April 17, 2014
PSA/Peugeot-Citroen CEO Carlos Tavares' Back in the Race business plan and a cash injection from Chinese partner Dongfeng are almost certainly enough to ensure his company's short-term survival, but PSA's long-term prospects remain uncertain.... Read More »

 

Johnson Controls diversifies away from autos with $1.6 billion deal

2:54 pm U.S. ET | April 16, 2014
Johnson Controls, seeking to lessen its reliance on the cyclical auto industry, agreed to acquire Texas-based ventilation products company, Air Distribution Technologies, for $1.6 billion.... Read More »

 

2014 NEW YORK AUTO SHOW

Scion charts new lineup for U.S.

12:37 pm U.S. ET | April 16, 2014
Toyota's Scion brand, struggling to boost sales with aged products, plans to replace three of its five nameplates in the United States over a two-year period starting in 2015. The first of the three will be unveiled at the Los Angeles Auto Show in November, Scion Vice President Doug Murtha said in an interview today.... Read More »

 

2014 NEW YORK AUTO SHOW

Hopes dim for VW’s diesel hot hatch in U.S.

3:56 pm U.S. ET | April 16, 2014
VW has pulled back on plans to sell a souped-up diesel Golf called the GTD in the United States because importing the GTI sibling’s engine would add too much cost. The high-powered 2-liter TDI engine used in the GTD cannot be produced at VW’s engine plant in Silao, Mexico, so it would be imported from Germany, Volkswagen Group of America CEO Michael Horn told reporters today.... Read More »

 

U.S. senators press Delphi for answers on recalled GM cars

1:46 pm U.S. ET | April 16, 2014
Lawmakers probing how GM used faulty ignition switches in many vehicles are turning their scrutiny to the supplier of the part, Delphi Automotive. A group of senators on Tuesday wrote to Delphi CEO Rodney O'Neal, asking for information about whether the parts supplier pushed back against GM after the automaker apparently did not accept a proposed fix to the switches.... Read More »

 

JIM HENRY

Inquiry into alleged CFPB bias picks up steam

12:01 am U.S. ET | April 16, 2014
The issue of whether, ironically, the Consumer Financial Protection Bureau allegedly discriminates against its own employees has got legs.... Read More »

 

LINDSAY CHAPPELL

Brace yourself for 'velocity'

1:06 pm U.S. ET | April 16, 2014
There’s a new buzzword trending through the car business right now: velocity. It has been popping up in conversations and presentations for a while, and is on the lips of visitors here at the New York auto show. And it might be a good thing.... Read More »

 

Fields sees Ford Europe growth, eyes break-even by mid-decade

11:19 am U.S. ET | April 16, 2014
Ford is sticking with its forecast for a smaller loss in Europe this year and break-even by 2015 even as the company sees signs of growth, COO Mark Fields said today.... Read More »

 

GM rejected better ignition part in 2001 to save money, safety advocates say

10:36 am U.S. ET | April 16, 2014
General Motors chose not to use a more robust ignition-switch part in Chevrolet Cobalts and other small cars while they were being designed, a decision that may have led to deaths, safety advocates said.... Read More »

 

Daimler will receive 2.43 billion euros for stake in engine JV from Rolls-Royce

April 16, 2014 12:40 CET
Daimler will receive 2.43 billion euros ($3.36 billion) for its 50 percent stake in an engine joint venture from partner Rolls-Royce Holdings Plc.... Read More »

 

Bridgestone executives indicted for auto parts price fixing

6:27 pm U.S. ET | April 15, 2014
One current Bridgestone executive and two who formerly worked for the Japanese tire company have been indicted by a federal grand jury in Cleveland for allegedly conspiring to fix automotive-part prices. And a fourth executive formerly employed by Bridgestone agreed to plead guilty in a related case today.... Read More »

 

2014 NEW YORK AUTO SHOW

Chevy enters small crossover segment with the Trax

7:00 pm U.S. ET | April 15, 2014
Chevrolet is adding the Trax to its lineup in the United States, making it the latest brand to enter the budding market for petite crossovers. The 2015 Trax was unveiled Tuesday, on the eve of the New York auto show.... Read More »

 

GM asks U.S. judge to bar lawsuits for pre-bankruptcy recall claims

5:36 pm U.S. ET | April 15, 2014
General Motors said in a court filing that it will ask a federal bankruptcy judge to bar lawsuits related to its recall for faulty ignition switches, citing the terms of its 2009 bankruptcy.... Read More »

 

THE GM RECALL

GM will update dealers Wednesday on recall parts status

4:10 pm U.S. ET | April 15, 2014
General Motors told dealers it will hold a Web conference on Wednesday to update them on the status of parts needed to repair millions of small cars recalled for faulty ignition switches, as well as the procedures to follow for the recall.... Read More »

 

PHILIP NUSSEL

A mixed message about GM's PR -- but why?

3:44 pm U.S. ET | April 15, 2014
If a company changes its head of public relations in the midst of a public relations crisis that stems from a recall crisis, does that not send a certain message? Yes, unless the company is General Motors.... Read More »

 

Despite risks, many recalled vehicles will remain unrepaired as drivers ignore notices

6:43 am U.S. ET | April 15, 2014
Even with auto recalls on pace to reach the highest level in a decade this year, there's a good chance many of the vehicles won't get fixed.... Read More »

 

LARRY P. VELLEQUETTE

Waiting for Alfa. And waiting. And waiting. And waiting.

10:46 am U.S. ET | April 15, 2014
If you show up decades late for your own surprise party, are guests still expected to cheer your arrival? Maybe not for most. But it might be a different story if your name is Alfa Romeo.... Read More »

 

DAVE GUILFORD

Autos' enthusiasm for emerging markets hits brakes

2:11 pm U.S. ET | April 15, 2014
Global automakers have jostled to position themselves for growth, particularly in the much-touted BRIC markets -- Brazil, Russia, India and China. But that growth formula has been looking a little less solid lately. Tension with Russia over the annexation of Crimea, with the prospect of stiffer trade sanctions, has rattled automakers' confidence.... Read More »

 

Economists: Global GDP growth on the rise, but BRICs disappoint

11:14 am U.S. ET | April 15, 2014
The global economy will do “fairly well” in the coming years, with the United States economy leading the way, while Europe “has turned a corner,” a leading economist said.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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