Business and Finance

2014 Eurostar winner Didier Leroy

Sept. 18, 2014 06:01 CET
The executives chosen as 2014 Automotive News Europe Eurostars rose above the rest by pushing their companies to new heights. Toyota Europe CEO Didier Leroy is this year's winner for European Operations CEO....
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LINDSAY CHAPPELL

Scrap Nissan's Leaf battery plant? Hardly

3:23 pm U.S. ET | Sept. 17, 2014
News broke this week that Nissan and Renault are debating the future of their electric-vehicle battery technology sourcing. Frankly, it would be bigger news if the two automaker partners weren't debating it....
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Ford seeks younger Mustang buyers with tech features

12:44 pm U.S. ET | Sept. 17, 2014
The 2015 Ford Mustang arrives in dealerships next month as Ford's most technology-laden pony car yet. The fastback model will arrive first, followed by the convertible later in the fall. Ford hopes to appeal to a new generation of Mustang buyers -- and overseas markets -- by offering technologies never seen before in Ford's pony car....
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Toyota to boost Mexico truck plant capacity by almost 40%

8:50 pm U.S. ET | Sept. 17, 2014
As Toyota ponders its first full assembly plant in Mexico, it plans to boost capacity at its existing factory there almost 40 percent to feed demand for trucks....
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Tesla argues New Jersey regulators can't stop direct sales

2:06 pm U.S. ET | Sept. 17, 2014
Tesla Motors, in a court filing submitted Tuesday, argued that New Jersey regulators have no authority to shut down direct sales at the electric-vehicle maker's stores in the state....
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Guardian automotive glass units to be acquired by Japanese supplier

3:57 pm U.S. ET | Sept. 17, 2014
Japan's Central Glass Company has agreed to purchase the outstanding shares of two automotive units of Guardian Industries, a longtime Detroit area automotive glass supplier with roots dating to the 1930s....
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Ford and Lincoln get connected with Apple's Siri

4:23 pm U.S. ET | Sept. 17, 2014
After years of negative customer reviews of its in-car voice-recognition technology, Ford may solve some of its lingering issues by partnering with Automatic Labs. Soon, drivers will be able to ask Apple's Siri system about the weather and turn on their home thermostat from the wheel of their Ford or Lincoln, the automaker said Tuesday....
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IHS hikes 2014 U.S. auto sales forecast to 16.4 million

11:49 am U.S. ET | Sept. 17, 2014
U.S. auto sales, buoyed by increasing consumer confidence and cheap financing, are rising faster than expected and will reach 16.4 million this year and climb to 17.4 million in 2017, consultant IHS Automotive said today....
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Steelmaker says it can put pickups on a diet

6:56 am U.S. ET | Sept. 17, 2014
ArcelorMittal has a message for automakers scrambling to hit tougher fuel economy targets that come into effect in 2025: You don't have to make trucks out of aluminum to do it....
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AutoNews Now: Losing weight by keeping steel

12:01 am U.S. ET | Sept. 17, 2014
In study, pickup sheds 383 lbs. without going aluminum; sales up again in Europe; Ford tech-sharing; a Toyota for gamers....
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Audi claims first California autonomous driving permit

11:35 am U.S. ET | Sept. 17, 2014
Volkswagen's Audi unit is the first automaker to receive an autonomous driving permit in California, as new laws in the state governing the process went into effect on Tuesday....
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JIM HENRY

The case for casting a wider net with credit apps

12:01 am U.S. ET | Sept. 17, 2014
Auto lenders complain they hate it when dealership F&I managers send them credit applications outside their preferred range of credit scores....
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Europe auto sales rose 2% in August as region's recovery slows

Sept. 17, 2014 08:43 CET
European car sales rose 2 percent in August but a heavy reliance on incentives in Spain and a fall in sales in Germany, France and Italy are signs that the region's recovery may be faltering, analysts and executives said....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

EVs, small SUVs are winners in first half

Sept. 17, 2014 06:30 CET
The European car market underwent a big shake-up in the first half as there was a change at the top of nine of the 24 segments tracked by Automotive News Europe. The biggest gainers were electric vehicles and small SUVs....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Premium automakers push into profitable niche segments in H1

Sept. 17, 2014 06:30 CET
Premium automakers are progressively pushing volume rivals out of profit-rich niches such as coupes and convertibles. In the first half, 67 percent of all coupes sold in Europe were from premium brands, up from 55 percent in 2013....
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2014 PARIS AUTO SHOW

Honda reveals longer, sleeker, sportier Jazz

Sept. 17, 2014 12:44 CET
Honda has released pictures of its near-production next-generation Jazz subcompact, which show a bigger, sportier-looking model than the current car. The Jazz is Honda's No. 3-selling model in Europe after the Civic and CR-V....
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2014 Eurostar winner Luca de Meo

Sept. 17, 2014 06:01 CET
The executives chosen as 2014 Automotive News Europe Eurostars outworked and outmaneuvered their rivals. Luca de Meo, Audi's sales boss, is this year's Eurostar winner for Sales & Marketing Executive....
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Mahindra said to be in talks to buy PSA's scooter unit

Sept. 16, 2014 16:32 CET
Indian SUV and tractor maker Mahindra & Mahindra is said to be in advanced talks to buy PSA/Peugeot-Citroen's scooter unit, after PSA CEO Carlos Tavares said the group was looking to offload the business....
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AutoNews Now: A strike against 'two-tier'

12:01 am U.S. ET | Sept. 16, 2014
Lear-UAW deal may foreshadow fate of pay plan; Report cites NHTSA's 'tragic' failure in GM case; Opel hits reset in Russia....
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THE GM RECALL

NHTSA chief, before blistering Senate panel, admits 'we need to improve'

5:39 pm U.S. ET | Sept. 16, 2014
The head of the National Highway Traffic Safety Administration today insisted that his agency lacked enough information to force a recall of faulty General Motors ignition switches before this year, but under heavy criticism from members of a Senate subcommittee he admitted that regulators could have done better....
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THE GM RECALL

NHTSA boss says GM made 'incredibly poor decisions' on recalls

7:52 am U.S. ET | Sept. 16, 2014
The top U.S. auto safety regulator harshly criticized GM for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a "new normal" for safety recalls....
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THE GM RECALL

House report, citing 'critical mistakes,' blasts NHTSA

11:41 am U.S. ET | Sept. 16, 2014
Federal auto safety regulators failed to detect GM's defective ignition switches despite having “ample information” about the problem as early as 2007, according to a House committee investigation into the GM recalls and NHTSA released today....
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Toyota FT-1 gets the souped-up 'Gran Turismo' treatment for video game

3:02 pm U.S. ET | Sept. 16, 2014
Toyota has joined the “Gran Turismo” parade of video game racers with a beefier version of its FT-1 concept. “The design brief of this car was very simple: Take the FT-1 concept car and turn it into the most kickass, badass, super racecar you can imagine,” said Kevin Hunter, president of Toyota's Calty Design Research, during the car's video unveiling....
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Penske expands engines, power business in Australia, Pacific

3:46 pm U.S. ET | Sept. 16, 2014
Penske Automotive Group today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets....
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DAVID BARKHOLZ

Strike shows restless UAW is going after two-tier wage system

3:30 pm U.S. ET | Sept. 16, 2014
The word “strike” has returned to the UAW lexicon. The union struck on Saturday at a Lear plant in Indiana that makes seats for Ford's Chicago Assembly Plant. Workers were back on the job a day later....
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Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, second-generation dealers Ray and Rik Fregia have seen a 30 percent boost in sales this year, thanks largely to million-dollar overhauls at their three stores. Mon., September 15
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