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Barra's promotion to GM CEO welcomed in Germany
The appointment of Mary Barra as General Motors' next CEO has been welcomed in Germany, home of the automaker's struggling Opel unit. "It's a new beginning," Ferdinand Dudenhoeffer, director of the Center for Automotive Research at the University of Duisburg-Essen, told Automotive News Europe . ...
Pony car offers plenty of FandI opportunities
Ford brand salespeople will find a lot to like in the redesigned 2015 Ford Mustang. So will Ford FandI managers. Ford salespeople will appreciate, and tout to customers, how the Mustang saves gas, with the optional EcoBoost engine; handles more like a sporty European car, with a multilink rear ...
GM exodus would put Australian auto industry near extinction
SYDNEY (Bloomberg) -- Australia's century-old automotive industry is stepping closer to extinction after General Motors Co. joined Ford Motor Co. in deciding to stop making cars in the country. Seven months after Ford announced it would pull out, GM said Tuesday its Holden unit will cease ...
FORD MOTOR CO.
Expires Jan. 2. In lieu of rebates, cut-rate financing
Ford Flex, Taurus $2,500-$3,750 0-3.9%
Expedition, Explorer $2,000 0-3.9%
Focus, Mustang $1,500-$2,000 0-4.9%
(incl. cargo van) $1,000-$1,500 0.9-4.9%
Honda commits to second generation Ridgeline pickup
Despite slow sales, Honda is not giving up on the Ridgeline pickup. Honda Motor Co. said today it will launch an all-new second generation of the Ridgeline within two years. The vehicle will be new from the wheels up and built in Honda's Lincoln, Ala., plant, home of the current model. Honda plans
GM names Barra as CEO, succeeding Akerson
General Motors has named product development chief Mary Barra to succeed Dan Akerson as CEO, making her the first female CEO of a global automaker.andnbsp; Dan Ammann, 41, executive vice president and CFO, was named president and will assume responsibility for managing the company's regional ...
Reuss hands key North America reins to Batey
DETROIT -- Today's shake-up in General Motors' executive ranks gives responsibility for GM's most profitable region -- North America -- to Alan Batey, a hard-charging Briton who has been the face of GM to most of its U.S. dealers during the company's climb back from bankruptcy. Batey, 50, zoomed ...
Barra: Disciplined and determined to change GM's ways
DETROIT -- General Motors' next CEO is both a product of the company's bureaucratic, hidebound culture, and a crusader against it. Early in her tenure as GM's product chief, Mary Barra concluded that the company needed a new family of global, more fuel-efficient engines. And she figured GM would ...
GM blazes a new trail with a product expert as CEO
Mary Barra's appointment as CEO of General Motors is getting national attention because she will be the first female leader of a major U.S. car company. Rightfully so. It's a boost for women in the industry and a significant -- if overdue -- milestone. It may even help GM shed a bit of its "Detroit
Looking forward to 2015's 100 Leading Women
Every five years since 2000, I have been in charge of a massive project at Automotive News -- seeking and learning about top female executives at automakers, suppliers and dealerships so we can compile the list of 100 Leading Women in the North American Auto Industry . I am passionate about the ...
Westlake's dealership, prime-risk push pays off
Editor's note: An earlier version of this story should have said Westlake Financial Services added about 5,000 stores in the past two years, bringing its total to about 18,000 dealerships nationwide. Subprime specialist Westlake Financial Services' continuing campaign to add dealerships and boost
RECAP: GM's executive changes
Here are the executive changes announced by General Motors today: Dan Akerson, 65, will step down as chairman and CEO on Jan. 15, 2014. Mary Barra, 51, executive vice president of global product development, purchasing and supply chain, will become CEO. Barra will also join the GM board. Theodore
Promotions of Barra, Reuss, Batey receive dealers' praise
General Motors dealers responded positively today to news that Mary Barra will be the automaker's next CEO. They also praised the promotions of Mark Reuss to head of product development and Alan Batey to lead the automaker's North American operations. "They're just three outstanding executives for
Next GM president Ammann aims to prove he is not just a 'bean counter'
DETROIT (Reuters) -- Dan Ammann, the incoming president of General Motors, has gone to great lengths to prove that while he is the U.S. automaker's chief financial officer, he is not just a "bean counter." Named to his new position on Tuesday, Ammann will fill what many analysts and investors saw
BMW said to mull first engine plant in U.S. or Mexico
FRANKFURT (Bloomberg) -- BMW Group is considering building engines in the United States or Mexico for the first time and expanding vehicle production in the region to capitalize on growing demand, three people familiar with the matter said. BMW could potentially decide on the project in 2014, ...
Regulation stays on FandI forefront for 2014
Auto finance regulation will stay on the front burner in 2014, with conclusions likely from investigations that began in 2013, according to attorneys who specialize in the area. Several auto lenders disclosed in 2013 that the Consumer Financial Protection Bureau had asked them for information ...
Infiniti Q50 offers auto first: steer-by-wire
With the Q50, Infiniti is counting on a world-first technology for a serial production car andndash; steer-by-wire andndash; and the addition of its first diesel powertrain to lure European premium-car buyers from the dominant German brands. The Q50 will offer a 170hp 2.2-liter four-cylinder diesel
No car? No problem for Lexus ad spot
TOKYO -- It's not quite the "Rocks and Trees" show-no-car advertising campaign that Infiniti used, controversially, to launch itself in the United States in 1989. But Lexus' new "Swarm" TV spot comes close. The car makes only a fleeting cameo at the very end of a 1-minute romp that is a cross ...
Why dealers should hire teachers, not tech guys, to deliver cars
Most dealers right now are struggling with a fundamental part of their business: how best to deliver sold cars. Specifically, how should dealers educate their paying customers on all the cool technology that a new car, pickup or SUV contains? Should the salesperson do it as part of the overall ...
Asbury appoints new CFO
Asbury Automotive Inc. said Tuesday that Keith Style will become the company's CFO, effective Jan. 1. Style, 40, now Asbury's vice president of finance, will replace CFO Scott Krenz, who is retiring. Style joined Asbury in October 2003. He has been vice president of finance since November 2008. ...
PSA and Dongfeng agree deal outline, report says
PARIS (Reuters) -- PSA/Peugeot Citroen and Dongfeng Motor Group have agreed on the main terms of an alliance backed by a 3 billion- to 4 billion-euro ($4.1 billion to $5.5 billion) capital injection for the French carmaker, the Financial Times reported. PSA and Dongfeng are in talks to build on ...
Reshaping The General (12/11/13)
Adding president, non-executive chair among structural changes at GM; grooming another future CEO?; 'ideal place' for Reuss.
TD Auto pares dealership network
TD Auto Finance says it will trim its U.S. dealership network, essentially dropping dealerships with the least amount of volume. TD Auto has more than 9,000 U.S. dealerships signed up, Tim Hockey, head of auto lending for the Toronto-based company, said last week during a conference call with ...
Briton Batey to head GM's most profitable region
DETROIT -- General Motors has given responsibility for GM's most profitable region -- North America -- to Alan Batey. The hard-charging 50-year-old Briton, who is being promoted to president of GM North America, has zoomed through the company's executive sales ranks over the past four years. In ...
Hyundai says it will not defend Europe market share at all costs
FRANKFURT -- Hyundai is targeting sales gains in Europe next year, but will not seek to maintain its market share at all costs, said the brand's chief operating officer for the region, Allan Rushforth. European sales growth will be limited as Hyundai's strategy emphasizes gaining repeat business,