Porsche r&d chief Hatz to leave company; Steiner named successorTue, 03, May 2016
Porsche said its development chief, Wolfgang Hatz, has left the company amid parent VW Group's emissions scandal. His successor is Michael Steiner, the brand's head of quality management.
Porsche picks new r&d chief as suspended Hatz quitsTue, 03, May 2016
Porsche AG's supervisory board has appointed Michael Steiner as new head of r&d, replacing Wolfgang Hatz who will leave the sports-car maker at his own request.
BMW Q1 profit falls nearly 3% on currency, development spendingTue, 03, May 2016
BMW's first-quarter operating profit slid nearly 3 percent due to currency headwinds and higher investment in new technologies such as self-driving cars.
FCA's Marchionne adds Ferrari CEO title after Felisa retiresMon, 02, May 2016
Ferrari appointed Chairman Sergio Marchionne to replace Amedeo Felisa as CEO with "immediate effect," adding yet another title for the Italian-Canadian manager, who also runs Fiat Chrysler.
Ford fined $1 million by Mexico's environmental prosecutorMon, 02, May 2016
Mexico's environmental prosecutor Profepa said today that it was fining Ford's local unit for selling vehicles in Mexico without the proper environmental certifications.
Ferrari raises forecast after Q1 profit jumps 19%Mon, 02, May 2016
Ferrari said net profit rose 19 percent to 78 million euros ($90 million) in the first quarter, its first as an independent company.
Takata sets aside additional $189 million to cover airbag recall costsMon, 02, May 2016
Takata raised provisions for its airbag recalls that involve more than a dozen auto manufacturers, after denying reports that the biggest safety crisis in the industry's history will expand further.
More markets for U.S.-made JeepsSun, 01, May 2016
Jeep's fast-growing global manufacturing footprint will not only end the brand's “Sophie's Choice” allocation challenges, but will increase sales opportunities for top-end Jeeps made exclusively in the U.S., says Fiat Chrysler CEO Sergio Marchionne.
Ford: Record quarter starts a 'strong year'Mon, 02, May 2016
Higher first-quarter sales of the redesigned F-150 and a retooled crossover lineup drove Ford Motor Co. to the highest quarterly pretax profit in its 113-year history and its best-ever results in North America.
Joe Hinrichs has Ford hummingMon, 02, May 2016
Since 2011, Ford Motor Co. has earned pretax profits totaling $45 billion in North America. It lost $1.8 billion in the rest of the world. And North America's position as Ford's profit driver keeps getting stronger. Ford's president of the Americas has a lot to do with that.
Ito named CEO of Denso International AmericaFri, 29, Apr 2016
Kenichiro Ito has been named CEO of Denso International America as part of several top management changes at the Japanese auto parts supplier, the company said in a press release.
Nissan will recall 3.53 million vehicles because airbags may not deployFri, 29, Apr 2016
Nissan said it is recalling 3.53 million vehicles worldwide because passenger-side airbags may not work properly because vehicle sensors may malfunction.