Executives

Ferrari considers appointing Marchionne as CEO, report says

Aug. 27, 2015 15:10 CET

Ferrari is considering appointing Sergio Marchionne as CEO after Amedeo Felisa retires from the post in the coming months, sources told Bloomberg. Marchionne is already chairman of Ferrari and CEO of Ferrari owner Fiat Chrysler....
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Dodge Barracuda convertible, next-gen Charger among surprises for FCA dealers in Las Vegas

10:14 am U.S. ET | Aug. 26, 2015

Fiat Chrysler dealers meeting in Las Vegas on Tuesday were wowed by a parade of new products coming to their dealerships, including a Dodge Barracuda convertible and a swoopy next-generation Dodge Charger said to resemble a popular 1999 concept designed by Tom Gale....
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LARRY P. VELLEQUETTE

BLOG: Will another Fiat Chrysler star, or two, bow in Vegas?

11:30 am U.S. ET | Aug. 25, 2015

For the third time in six years, Fiat Chrysler dealers are gathering -- in private and without cellphones or cameras -- to get their first glimpses of the vehicles they soon will be asked to sell....
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Mercedes won't end Saints stadium pact with new 27-year Falcons deal

2:19 pm U.S. ET | Aug. 24, 2015

Mercedes-Benz doesn't have an option to end its naming rights agreement with the New Orleans Superdome and will now sponsor the stadiums for two NFL teams in the same division....
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GM ignition switch defects tied to 124 deaths, 275 injuries, Feinberg review finds

12:15 pm U.S. ET | Aug. 24, 2015

Attorney Kenneth Feinberg has completed its review of all 4,000-plus compensation claims related to General Motors' faulty ignition switches. The switches, which prompted the recall of more than 2.6 million vehicles last year, now have been linked to 124 deaths and 275 injuries, 17 of which were serious....
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Meet Mazda's master of driving feel

12:01 am U.S. ET | Aug. 24, 2015

Each MX-5 Miata now arriving in U.S. showrooms reflects the tastes of Dave Coleman, a 43-year-old engineer at Mazda's r&d center in Southern California who has become the official arbiter of how a U.S. Mazda should drive....
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Mobility for Tesla? Musk isn't saying -- or is he?

12:01 am U.S. ET | Aug. 24, 2015

What's behind that eye-popping new share price outlook Morgan Stanley analyst Adam Jonas put on Tesla? Bloomberg reports that the key reason for raising the target to $465 from $280 (the stock closed at $255.25 on Aug. 19) is currently at about $243) is what Jonas calls “Tesla Mobility, an app-based, on-demand mobility service.”...
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Getting behind the gap in public, private dealership profits

12:01 am U.S. ET | Aug. 24, 2015

Publicly traded dealership groups' reported first-half profits were much higher than what private dealerships reported to the National Automobile Dealers Association. Here's why....
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JASON STEIN

Tesla strikes again at Pebble Beach

12:01 am U.S. ET | Aug. 24, 2015

If there is one constant as of late at the 65-year-old Pebble Beach Concours d'Elegance it is this: Everyone wants to talk about Tesla....
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Tesla revamps retail stores, adds apparel, gear

12:01 am U.S. ET | Aug. 22, 2015

Tesla Motors is launching a wholesale revamp of its stores worldwide as the electric-car company prepares to introduce the Model X, its first SUV. The effort is largely devoted to telling the Tesla story, critical for a young company selling a product that remains mysterious -- and intimidating -- to most drivers....
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'Performance is good business'

Amid sales decline, Dodge boss sees a plan coming together

12:01 am U.S. ET | Aug. 22, 2015

With Dodge's U.S. sales off 16 percent this year in a rising overall market, you could argue brand chief Tim Kuniskis should be worried. Yet standing in a parking lot with 10,000 fellow gearheads this month, Kuniskis looked around and saw a brand strategy that is coming together nicely....
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Tesla engineer joins Apple's growing team of automated car experts

2:53 pm U.S. ET | Aug. 21, 2015

Apple has hired a senior engineer from Tesla, according to a LinkedIn posting, as part of Apple's effort to build a team of experts in automated driving....
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VW delays revamp of Phaeton flagship in profit push, report says

Aug. 21, 2015 10:51 CET

Volkswagen is delaying the introduction of the new Phaeton as the automaker seeks to improve returns on the upscale sedan by lowering production and material costs, Bloomberg reported....
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2015 FRANKFURT AUTO SHOW

Citroen will debut Mehari-inspired concept

Aug. 20, 2015 06:01 CET

Citroen will preview a potential new model inspired by its iconic Mehari utility vehicle at the Frankfurt auto show. The concept will be based on the C4 Cactus....
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Former Ford Europe COO tapped to recruit for U.S.-Chinese EV startup

2:58 pm U.S. ET | Aug. 20, 2015

Martin Leach, former COO at Ford of Europe, is recruiting staff for a new electric car manufacturer based mainly in China and California. Leach declined to say which company is backing the new venture, but said, "It is not a company with a background in the car industry."...
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Tesla stock sale raises $738 million

6:05 pm U.S. ET | Aug. 19, 2015

Tesla said the underwriters of its secondary stock sale exercised their option for additional shares, boosting the proceeds to an estimated $738.3 million. The EV maker sold 3.1 million shares at $242, providing a cash cushion as it prepares to begin deliveries of its Model X SUV....
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Volvo first-half profit rises 71% as Europe offsets China, U.S. slowdown

Aug. 19, 2015 08:28 CET

Volvo boosted its earnings goal for the year after operating profit rose 71 percent in the first half as strong demand in Europe offset slower development in China and North America....
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Aston aims to launch 800-hp, all-electric Rapide in 2 years

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

Aston Martin is betting that even James Bond won't mind an 800-hp electric car. The longtime builder of British sports cars will bring an all-electric version of its four-door Rapide to market in two years, CEO Andy Palmer confirmed to Automotive News....
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Hyundai, Kia replace China executives after sales slump

11:12 am U.S. ET | Aug. 18, 2015

Hyundai and sister automaker Kia replaced three China executives, the South Korean carmaker said today, after sales skidded in the country, the group's largest market....
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AutoNation adds 16 stores, makes biggest purchase since 2001

8:15 am U.S. ET | Aug. 18, 2015

AutoNation, the largest U.S. dealership group, has agreed to buy 16 stores representing more than $600 million in annual revenue, including its biggest single dealership purchase since 2001....
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Audi launches special sales service for R8 and RS buyers

Aug. 18, 2015 06:01 CET

Audi is rolling out dedicated space in selected showrooms for buyers of its R8 supercar and high-performance RS models. The automaker plans to have 200 so-called Audi Sport dealers in place by the year-end....
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Will U.S. get Buick made in China?

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

In 2013, GM polled some U.S. Buick dealers about their volume and model-mix expectations for a new vehicle: a compact crossover that has since been launched in China as the Buick Envision. It's two years later and there's no U.S. Envision, leaving industry watchers and dealers scratching their heads....
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Cadillac 'definitely' bringing diesels to U.S. in several years

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

Cadillac will launch diesel-powered models in the U.S. early in the next decade, said the brand's president, Johan de Nysschen....
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Tesla stock price predicted to nearly double, Morgan Stanley says

1:49 pm U.S. ET | Aug. 17, 2015

Forget about a mere 15 percent increase in stock value -- how about a 90 percent one? That's how bullish Morgan Stanley analyst Adam Jonas is on Tesla....
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Former Porsche communications chief charged with aiding market manipulation

Aug. 17, 2015 16:17 CET

A German prosecutor charged Porsche's former communications chief, Anton Hunger, with aiding market manipulation related to the purchase of Volkswagen Group shares, after dropping identical charges against Porsche's supervisory board....
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