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When scandal hits, move fast, be honest, hire pros
After a scandal, the slow road to reputation recovery hinges on honesty, commitment and big changes.
When scandal hits, move fast, be honest, hire pros
After a scandal, the slow road to reputation recovery hinges on honesty, commitment and big changes.
Detroit 3 to tout performance and vintage cars at Woodward Dream Cruise
Ford, Chevy and Dodge will turn to the Woodward Dream Cruise, a classic-car celebration in suburban Detroit, on Saturday to generate some marketing buzz on their offerings.
Chicago dealerships cope with tech strike
Some dealers were overwhelmed with incomplete orders and were closing service departments. Others were taking the walkout in stride.
Texas, Fla. outpace N.Y., Calif. in adding new stores
For the first time in roughly 10 years, New York state does not appear on Urban Science's annual ranking of states with the most new dealerships. Texas added the most stores in 2016, and Florida came in second. Throughput hit 965 per store last year but is on track to fall in 2017.
Ex-FCA analyst faces 2 federal charges in FCA-UAW probe
Former Fiat Chrysler financial analyst Jerome Durden was released on a $10,000 bond after he was charged in federal court on accusations of participating in a plot between the automaker and the UAW to pipe millions from an employee training fund for personal use.
Chicago-area mechanics continue strike
A strike by more than 1,700 mechanics at 130 dealerships across the Chicago area entered its third day Thursday with little sign of movement from either side.
Ex-FCA exec pleads not guilty in scandal involving UAW
Former FCA labor relations chief Alphons Iacobelli, believed to be at the center of the FCA-UAW embezzlement scandal, pleaded not guilty and was released on a $10,000 bond following his arraignment.
American Axle posts higher sales, lower profits
American Axle reported a jump in revenue along with a net income slump, as it digests its recent acquisition of Metaldyne.
Dana Q2 profit jumps with U.S. manufacturing deal
Dana's second-quarter net income increased 67 percent to $75 million, helped by higher demand for light-vehicle and off-highway products, improved operations and a major acquisition.
Tenneco sets up $132 million legal fund amid antitrust scuffles, posts $2 million net loss
Tenneco has established a $132 million fund to clean up antitrust lawsuits in the backwash of government investigations in Europe and the U.S., which are now concluding.
Visteon offsets U.S. slowdown with Q2 gains in China
Visteon said net income ramped up during the second quarter as the supplier offset a slowdown in the US with strong sales in China and product innovations.
BorgWarner Q2 net income up 29 percent
BorgWarner reported a 29 percent jump in net income for the second quarter, to $212 million, thanks in part to growth in its sales of drivetrains in China.
Lear Q2 net rises 10% to $312 million
Lear posted a 10 percent increase in profit for the second quarter from growth in seating revenue and higher margins. The supplier reported net income of $311.9 million.
Former Chrysler CEO Nardelli named chairman of power storage company
Former Chrysler chief Bob Nardelli was named chairman of Ioxus, a company that develops transportation power storage technologies and alternative energy.