Company Information

VW finance chief Poetsch proposed as next chairman

Sept. 3, 2015 14:54 CET

Volkswagen Group's controlling parent company, Porsche Automobil Holding, said it has proposed Hans Dieter Poetsch as chairman of Volkswagen's supervisory board, a post that Ferdinand Piech quit earlier this year....
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NGK Insulators to pay $65.3 million U.S. fine for price-fixing, obstruction

3:11 pm U.S. ET | Sept. 3, 2015

Japanese auto supplier NGK Insulators has agreed to plead guilty and pay a $65.3 million fine for fixing prices of automotive parts and attempting to obstruct the ongoing global investigation into auto parts bid rigging, the U.S. Department of Justice said today....
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Ex-Tesla engineer charged with illegally accessing employee evaluations

4:17 pm U.S. ET | Sept. 3, 2015

A former Tesla Motors engineer has been charged in federal court with felony computer intrusion for accessing his manager's email account, sharing employee evaluations with others and posting confidential information on the Web....
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Takata settles U.S. patent infringement case for airbag sensors

2:48 pm U.S. ET | Sept. 3, 2015

Two units of Japanese auto supplier Takata are settling a six-year patent infringement dispute with International Electronics & Engineering and its Detroit area subsidiary for $1.1 million....
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Lear buys downtown Detroit office building

10:16 am U.S. ET | Sept. 3, 2015

Seating and electronics suppler Lear has purchased a 50,000-square-foot building in downtown Detroit for an undisclosed price....
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Mercedes is working on Tesla Model S fighter, r&d chief tells paper

Sept. 3, 2015 12:08 CET

Mercedes is working on an electric car to compete with the Tesla Model S and the vehicle will be launched "soon," the automaker's development chief, Thomas Weber, told a German auto magazine....
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Nissan marketing exec Mohnke adds U.S. sales duties

11:50 am U.S. ET | Sept. 2, 2015

Nissan North America's chief marketing officer Dan Mohnke will add U.S. sales to his responsibilities beginning today, the automaker said in a news release....
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Former Saab CEO charged with giving false testimony

Sept. 2, 2015 16:44 CET

Former Saab Automobile CEO Jan Ake Jonsson was charged with giving false testimony when the aftermath of the Swedish automaker's bankruptcy played out in court....
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2015 FRANKFURT AUTO SHOW

PSA's DS upscale brand to launch crossover-styled DS 4

Sept. 2, 2015 15:18 CET

DS Automobiles will launch a crossover-styled version of its DS 4 compact car. The DS 4 Crossback will help fill a new product gap until DS adds all-new models to its lineup....
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Maserati dealer sues factory, alleging padded sales

3:04 pm U.S. ET | Sept. 2, 2015

A Maserati dealer has sued Maserati North America, saying the auto company insisted the dealership misrepresent sales, reporting 2014 vehicle sales as much as quadruple what they actually were, and discriminated against dealers who refused to participate, according to a complaint filed Friday, Aug. 28....
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Navistar reports a surprise Q3 loss amid U.S. investigation

2:52 pm U.S. ET | Sept. 2, 2015

Navistar International, the truck- and engine-maker that counts Carl Icahn as its biggest investor, posted a slight third-quarter loss when analysts had projected a profit....
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HANNAH LUTZ

BLOG: Will Gen Y push leasing sea change?

11:45 am U.S. ET | Sept. 2, 2015

When millennials are itching to get into a brand new car, many look to leasing....
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German carmakers win U.S. antitrust approval to buy Nokia maps

12:14 pm U.S. ET | Sept. 2, 2015

German carmakers BMW, Audi and Mercedes have won U.S. antitrust approval to buy Nokia's maps business for around 2.5 billion euros ($2.8 billion), the Federal Trade Commission said today....
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VW plans to extend CEO Winterkorn's contract until 2018

Sept. 2, 2015 10:02 CET

Volkswagen plans to extend the contract of CEO Martin Winterkorn until the end of 2018, a victory for the executive after he clashed with former Chairman Ferdinand Piech....
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CHRISTIAAN HETZNER

BLOG: VW should strengthen oversight of CEO Winterkorn

9:55 am U.S. ET | Sept. 2, 2015

VW Group should strengthen oversight of CEO Martin Winterkorn, who is set to receive a two-year contract extension, by appointing Qatar Airways CEO Akbar Al Baker to its steering committee....
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2015 FRANKFURT AUTO SHOW

Mercedes completes S-class family with luxury convertible

Sept. 2, 2015 09:03 CET

Mercedes will complete its S-class family with the sixth and final derivative of its flagship sedan next year, when it launches its first top-of-the-line four-seat convertible since 1971. The S-class cabriolet will be “the world's most comfortable convertible,” Mercedes says....
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Land Rover to roll out two diesels in October

12:56 pm U.S. ET | Sept. 1, 2015

Land Rover expects its first U.S. diesel vehicles will account for up to 20 percent of sales for the two SUVs powered by the new-generation engines. The Range Rover Td6 and Range Rover Sport Td6 go on sale in October and will cost about $1,500 more than the gasoline V-6 models....
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2015 FRANKFURT AUTO SHOW

Mercedes S-class cabrio will bow in Frankfurt

6:15 pm U.S. ET | Sept. 1, 2015

Mercedes-Benz is adding a fourth convertible to its North American lineup: the S class. The German automaker will introduce the car this month at the Frankfurt auto show. Press days are Sept. 15 and 16....
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Hyundai's U.S. sales chief Pradzinski departs abruptly

1:09 pm U.S. ET | Sept. 1, 2015

Bob Pradzinski, the No. 2 sales executive at Hyundai Motor America behind CEO Dave Zuchowski, has left the company, Hyundai said today. There was no immediate word on a successor for that post. Pradzinski, 55, was a 26-year Hyundai veteran....
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First Tesla Model X buyers now picking colors, 'Ludicrous Mode'

12:29 pm U.S. ET | Sept. 1, 2015

The first customers who reserved Tesla's Model X all-electric SUV have been alerted that, at long last, they can choose their paint color, wheel size and whether they want to drive ludicrously fast....
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Tesla names new Germany chief amid slow sales

Sept. 1, 2015 06:01 CET

Tesla named a new top executive in Germany, where the U.S. electric car maker is struggling to gain a foothold....
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Germany's Kiekert buys out Chinese partner

Sept. 1, 2015 13:02 CET

Kiekert, a global supplier of automotive locks, has acquired full ownership of China's Henan North Xingguang Locking Systems Co., a manufacturer of door, hood and trunk locks....
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Top Renault exec sees European rebound continuing in second half

Sept. 1, 2015 11:23 CET

Renault's Chief Competitive Officer, Thierry Bollore, expects Europe's rebound to continue as the region's economy improves and drivers replace aging vehicles. Bollore discussed this outlook and the challenges facing Renault with Automotive News Europe....
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FCA details buy-backs, incentives for completing older recalls

4:04 pm U.S. ET | Aug. 31, 2015

Fiat Chrysler Automobiles today issued details on its buy-back and incentive program offered to more than 1 million owners of vehicles recalled in 2013 but for which recall repair programs weren’t immediately available....
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Grupo Antolin completes purchase of Magna interiors unit

1:33 pm U.S. ET | Aug. 31, 2015

Grupo Antolin closed on its acquisition of Canadian auto supplier Magna International Inc.’s interiors operations today in a deal valued at about $525 million....
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