Company Information

JIM HENRY

Is CFPB guilty of spin?

12:01 am U.S. ET | Aug. 27, 2014
Remarks delivered by Consumer Financial Protection Bureau Director Richard Cordray and language used in a bureau statement last week were a lot harsher than the dry legalese of the consent order signed this month by the CFPB and First Investors Financial Services Group....
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AvtoVAZ aims to win back market share to return to profit, CEO Andersson says

Aug. 27, 2014 10:54 CET
AvtoVAZ plans to return to profit by cutting costs and rolling out new models to claw back market share that has been slipping away from the producer of Lada vehicles since the end of the Soviet Union....
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Schaeffler first-half earnings rise 9% on China demand

Aug. 27, 2014 11:37 CET
Schaeffler expects sales growth in excess of 7 percent this year after first-half earnings rose 9 percent and profit margins improved because of demand in China....
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Lotus hires former Kia Europe exec Lievens

Aug. 27, 2014 06:01 CET
Lotus has hired Jean-Charles Lievens, Kia's former European markets expert, to develop the automaker's sales network in France, Italy, Spain and Portugal....
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Volvo unveils new XC90 flagship SUV

Aug. 26, 2014 14:51 CET
Volvo unveiled the new XC90, a key part of the automaker's plan to nearly double annual vehicle sales to 800,000 vehicles by 2020....
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GM, Ford, Toyota and VW among automakers hit by antitrust penalties in India

Aug. 26, 2014 10:21 CET
India's antitrust regulator fined 14 carmakers a combined $420 million for stifling competition in the market for spare parts. Among the companies fined were the local units of GM, Ford, Toyota, VW, Fiat, Nissan, BMW and Mercedes....
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China's corruption watchdog investigates execs at Volkswagen JV

Aug. 26, 2014 12:51 CET
China's corruption watchdog says it is investigating one former and one current executive at VW Group's Chinese venture, FAW-Volkswagen Automotive, for "seriously violating the law."...
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Tata brand plans upscale SUVs with Jaguar Land Rover tech, report says

Aug. 26, 2014 11:41 CET
Tata Motors is developing two upscale SUVs for its Tata brand using technology from Jaguar Land Rover, a Delhi-based business newspaper reported....
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German suppliers asked to form JVs in China, report says

Aug. 25, 2014 10:39 CET
China has told three German suppliers they can no longer manage their Chinese units independently but need to form partnerships with local peers, the CEO of partsmaker ElringKlinger told a German newspaper....
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Ford begins 'massive undertaking' to manufacture aluminum pickup

2:14 pm U.S. ET | Aug. 25, 2014
Ford has begun an eight-week closure of its F-150 pickup plant near Detroit to overhaul it for a new, aluminum-bodied version of the top-selling vehicle line in the United States....
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Ram makes a power move in heated rivalry with Ford Super Duty

12:01 am U.S. ET | Aug. 25, 2014
The rivalry between Ford's venerable F series and Chrysler's hard-charging Ram truck brand is heating up again. Chrysler today announced that it will offer a 2015 diesel-powered Ram Heavy Duty pickup with 865 pounds-feet of torque....
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How a Silicon Valley startup and its $529,000 electric supercar shadow Tesla

12:01 am U.S. ET | Aug. 24, 2014
After four years of secrecy, Renovo Motors unveiled a two-seater based on the Shelby Daytona, which it says can hit 60 mph in 3.4 seconds. Renovo co-founders saw an opportunity to do for supercars what Tesla aims to do for mass-market cars....
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LINDSAY CHAPPELL

Settlement allows Mercedes to award dealership to Alabama's Saban

12:01 am U.S. ET | Aug. 23, 2014
Mercedes' plan to award a dealer franchise in Alabama to Crimson Tide football coach Nick Saban and a business partner can move forward now that litigation with a longtime Mercedes dealer there has been settled. Terms of the settlement were not disclosed on Friday....
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Supplier Metaldyne Performance files for stock offering

8:16 am U.S. ET | Aug. 23, 2014
Metaldyne Performance Group, a holding company for three auto suppliers merged earlier this month by private equity firm American Securities LLC, filed with federal regulators for an initial public offering of its common shares....
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Infiniti seeks U.S. trademark for Formula One landmark

9:25 am U.S. ET | Aug. 22, 2014
Infiniti is seeking a trademark in the United States for “Eau Rouge,” the name of a storied Formula One racetrack bend in Belgium, for a potential luxury car that may cost more than $100,000....
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Some 2015 Ford F-150 buyers will have to wait until next year

3:32 pm U.S. ET | Aug. 22, 2014
Some retail and all fleet customers who order their 2015 F-150s early won't see their trucks until February. Ford's 3,000 dealers in the United States will still get some stock by the end of the year, but customers who order a specific truck with unique trim and colors will have to wait until February to take delivery....
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Nissan stands pat on 2015 Frontier pricing, raises Xterra about $300

2:40 pm U.S. ET | Aug. 22, 2014
Nissan announced pricing on the 2015 models of its Frontier pickup and Xterra SUV today. Pricing on the Frontier is unchanged in the 2015 model year, starting at $18,850, including shipping, while the 2015 Xterra starts at $24,520, including shipping, about $300 more than the 2014 model....
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Barra's career path shows how a woman becomes CEO, but can more follow?

7:26 am U.S. ET | Aug. 22, 2014
Mary Barra made corporate history seven months ago when she became the first female CEO of a major global carmaker. Yet for all the gains made by women in the highest levels of major corporations, most are still in the wrong jobs if they want to follow Barra's career path....
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THE GM RECALL

U.S. probes GM lawyers' role on vehicle recalls, reports say

6:49 am U.S. ET | Aug. 22, 2014
Federal prosecutors have learned that lawyers for General Motors were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation told Reuters....
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Honda to modify 12,000 redesigned Fits sold in U.S. to enhance crashworthiness

10:00 am U.S. ET | Aug. 21, 2014
Honda plans to modify 12,000 redesigned 2015 Fit models in customer hands in the United States following a mid-model-year engineering change that improved the subcompact's showing in a key industry crash test....
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Chrysler's Ram pickup may stick with steel through 2020, report says

7:27 pm U.S. ET | Aug. 21, 2014
Chrysler Group is planning an extensive facelift of its full-size Ram 1500 pickup in spring 2017, but has no firm plans to follow rivals GM and Ford in replacing steel body panels with aluminum until a complete redesign after 2020, industry sources told Reuters....
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2014 PARIS AUTO SHOW

Skoda releases images of the new Fabia

Aug. 21, 2014 15:21 CET
Skoda has released images of its new Fabia subcompact, which will launch in Europe early next year after debuting at the Paris auto show in October....
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Former BMW designer Rice is Mazda Europe's new design boss

Aug. 21, 2014 06:01 CET
Mazda has promoted Kevin Rice, who rejoined the automaker from BMW last year, to lead its European design operations....
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Cadillac considers moving some staff functions to Manhattan

1:39 pm U.S. ET | Aug. 21, 2014
Cadillac is considering adding or shifting some staff functions from Detroit to Manhattan, GM said today, as part of an effort to remake the brand's image and broaden its appeal outside North America under new boss Johan de Nysschen....
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Penske Media acquires Fairchild trade magazines from Conde Nast

7:40 am U.S. ET | Aug. 21, 2014
Penske Media, the Los Angeles-based publishing company founded by automotive heir Jay Penske, is acquiring Fairchild Fashion Media's trade magazines from Conde Nast Publications....
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