Executives

Rivals see Buffett as just another competitor

12:01 am U.S. ET | Oct. 25, 2014
Warren Buffett's entry into automotive retailing may mean more overall competition for acquisitions, but public dealership groups expect no interruptions to their growth plans....
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Ford plans to overhaul Lincoln with $5 billion push, report says

5:13 pm U.S. ET | Oct. 24, 2014
New Ford CEO Mark Fields, with the renewed backing of Executive Chairman Bill Ford and the company's board, has committed the automaker to a multiyear, multibillion-dollar overhaul of Lincoln that includes a significant investment in a new premium vehicle platform that will underpin several future Lincoln vehicles, four sources told Reuters....
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ARLENA SAWYERS

Rick Case to sell first N.A. 2015 Alfa Romeo 4C for charity's sake

4:09 pm U.S. ET | Oct. 24, 2014
The first new Alfa Romeo to be sold in this country in 20 years will be auctioned next week for charity. That's thanks to Rick and Rita Case, owners of Rick Case Automotive Group in Fort Lauderdale, Fla....
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Fiat Chrysler's targets seen at risk as N.A. still pressured

2:07 pm U.S. ET | Oct. 24, 2014
Fiat Chrysler Automobiles could find it tough to meet its 2014 profit guidance and may cut forecasts when it reports quarterly results next week as slowly recovering North America profit margins may fail to fully offset weakness in Europe and Latin America....
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Asbury names former Group 1, RML exec David Hult COO

10:50 am U.S. ET | Oct. 24, 2014
Former Group 1 and RML Automotive executive David Hult will become the next COO of Asbury Automotive Group Inc. as the public retailer expands a used-car store initiative and looks to grow through acquisitions....
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Wrangler will remain body-on-frame, sources say

3:04 pm U.S. ET | Oct. 23, 2014
The next-generation Jeep Wrangler will continue to be a body-on-frame vehicle and won't switch to unibody construction, Automotive News has learned. As a result, the popular off-roader will likely remain built in Toledo, Ohio, where city and union officials have been fighting for weeks to keep the Wrangler in its historical home....
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Marchionne invests more of his own money in Fiat Chrysler

Oct. 23, 2014 10:41 CET
Sergio Marchionne, CEO of Fiat Chrysler Automobiles, bought an additional 335,745 ordinary shares in the group, giving him a total of 6.8 million shares in the newly merged carmaker....
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Honda, after 5th Fit recall, appoints first quality czar; top execs take pay cut

6:28 am U.S. ET | Oct. 23, 2014
In an unprecedented move, Honda, announcing its fifth Fit recall in 12 months, appointed a quality czar to clamp down on problems. Senior executives will also take pay cuts for three months to take responsibility for the recall-plagued car....
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Group 1 slows acquisition pace

1:03 pm U.S. ET | Oct. 23, 2014
Put off by high prices for dealerships and unacceptable returns, Group 1 Automotive will slow its acquisition pace in the near term, CEO Earl Hesterberg said today....
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Toyota claims 'healthy' supply of replacement airbags

12:26 pm U.S. ET | Oct. 23, 2014
Toyota has a “healthy” supply of replacement parts that should allow dealers to move forward with repairs required by the widening recall of airbags made by supplier Takata, said Bob Carter, senior vice president of the automaker’s U.S. sales unit....
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Lotus names Carr as new design chief

Oct. 23, 2014 12:09 CET
Lotus's design boss, Donato Coco, a former styling chief at Ferrari, will leave the UK sports car maker. Coco, one of a number of star hirings made by former CEO Dany Bahar, will be replaced by the carmaker's current design manager, Russell Carr....
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UAW eyes bargaining rights at VW's Tenn. plant within a year

8:05 pm U.S. ET | Oct. 22, 2014
The UAW hopes to be recognized as the exclusive bargaining agent for workers at Volkswagen's assembly plant in Chattanooga within a year, union President Dennis Williams said Wednesday....
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CHRISTIAAN HETZNER

Why Daimler doesn't share investors' love affair with Tesla

9:14 am U.S. ET | Oct. 22, 2014
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. Daimler sold its 4 percent Tesla stake for $780 million....
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Toyota says potential Mexico plant still far from approval

4:05 pm U.S. ET | Oct. 22, 2014
Toyota, the last major carmaker without a high-volume assembly plant in Mexico, said the group assessing whether to build a factory there is far from getting clearance from top management....
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JAMES B. TREECE

Why loan length doesn’t matter

12:01 am U.S. ET | Oct. 22, 2014
There’s another reason not to fret over longer new-car loans: The numbers can be misleading....
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CHRISTIAAN HETZNER

Why Daimler doesn't share investors' love affair with Tesla

9:14 am U.S. ET | Oct. 22, 2014
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. On Tuesday, Daimler decided to cash out on its 4 percent stake for the price of $780 million....
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Valeo's third-quarter sales rise 10% on fuel-saving technologies

Oct. 22, 2014 15:00 CET
French supplier Valeo said third-quarter sales rose 10 percent to 3.06 billion euros ($3.9 billion), boosted by demand for its fuel-saving technologies....
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Italy's Sogefi reports nine-month net loss of 5.8 million euros

Oct. 22, 2014 11:24 CET
Italian supplier Sogefi reported a net loss of 5.8 million euros ($7.4 million) for the first nine months of the year and said CEO Guglielmo Fiocchi would leave the company....
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Fiat's Wall Street trading is flat as Milan dominates

Oct. 22, 2014 11:58 CET
Fiat Chrysler Automobiles has had a flat reception on the New York Stock Exchange after its debut there last week. European trading in Milan is currently about 7 times that of Wall Street, despite FCA shifting its primary listing to the U.S....
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Auto industry forming consortium to fight hackers

10:01 pm U.S. ET | Oct. 21, 2014
Automakers are forming a consortium to deter hackers who might try to breach a vehicle's security system -- an effort that has gotten the blessing of federal regulators....
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Q&A

Wagener: Mercedes-Benz S-class coupe a design 'revolution'

12:01 am U.S. ET | Oct. 21, 2014
Gorden Wagener has been transforming Mercedes-Benz design since he took the helm as chief designer in mid-2008. His latest creation is the S-class coupe, which embodies what Wagener calls “sensual purity” and “modern luxury.”...
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Citroen withholds new crossover from booming segment in Europe

Oct. 21, 2014 12:17 CET
Citroen's new C3-XR subcompact crossover will remain a China-only vehicle after the brand ruled out European sales of the model. Citroen says the C4 Cactus is a better fit in Europe for customers seeking a small SUV-styled vehicle....
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Q&A

Geely set to debut its first 'Horbury'

12:01 am U.S. ET | Oct. 20, 2014
Geely's GC9, the Chinese brand's flagship sedan set to debut at the Guangzhou auto show next month, is being touted as the first Geely developed under the design auspices of Peter Horbury....
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Deaths linked to GM ignition-switch defect rise to 29

11:16 am U.S. ET | Oct. 20, 2014
The program to compensate victims of a faulty ignition switch in GM vehicles has approved two new death claims, bringing the total number of deaths linked so far to the switch to 29, according to a report released on Monday by the lawyer overseeing the program....
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AutoNation won't up and quit 3rd parties

12:01 am U.S. ET | Oct. 20, 2014
Mike Maroone, COO of AutoNation Inc., said the dealership group intends to proceed cautiously in reducing its reliance on third-party online shopping sites....
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Special Report
How #1 store scores with employees

How #1 store scores with employees

Texas dealer Greg May encourages staffers to provide input and solve problems on their own. Mon., October 20
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