Showing results 1 - 25 of 13123
Chrysler near China Jeep deal
GENEVA -- Fiat Chrysler executives say they expect to complete an agreement this month for Jeep production in China. CEO Sergio Marchionne told reporters at the auto show here that approval had been delayed because of Chinese concerns about the split ownership of Jeep prior to the Jan. 1 deal in ...
How dealers can keep their ads safe from FTC's hammer
LOS ANGELES -- Dealers tired of competing with unscrupulous retailers pitching too-good-to-be-true bargains are cheering the Federal Trade Commission's recent crackdown on deceptive dealer ads. But compliance experts warn that all dealers should take a hard look at their own marketing efforts and
Automakers tap smartphone technology in battle over city cars
FRANKFURT (Reuters) -- Carmakers are tapping smartphone technology to spruce up low-cost minicars and try to get an edge in a market that has grown to account for almost 10 percent of new-car sales in austerity-scarred Europe. The Opel Adam Rocks, Peugeot 108, Citroen C1 and Toyota Aygo, which all
General Motors to build Lansing stamping plant, add 65 jobs, paper reports
General Motors plans to invest $162 million at its Lansing Grand River site in Michigan to build a stamping plant and create 65 jobs, the Lansing State Journal reported today. GM would not confirm the investment, and would say only that the company was looking into future investment in Lansing.
If everyone loves the Juke, Nissan's designers blew it
GENEVA -- Nissan designers have retained one of the brand's most polarizing designs -- and want to keep it looking different in the future. The refreshed 2015 Juke compact crossover, which reaches U.S. dealers this year, keeps the original narrow and bulky look, says Shiro Nakamura, the automaker's
Superior's Q4 profit rises to $6.4 million despite lower sales
Aluminum wheel supplier Superior Industries International today said net income rose to $6.4 million in the fourth quarter, up from $2.7 million in the year-earlier period. Net income for the year fell to $22.8 million from $30.9 million. In a statement , Superior said net income during the fourth
U.S. Fleet Sales, Feb. and YTD
U.S. Fleet Sales, Feb. and YTD
Retail vs. fleet sales
Estimated retail and fleet volume for Feb. 2014 vs. Feb. 2013
Feb. Feb. 2 mos. 2 mos.
Feb. 2014 Feb. 2013 2 mos. 2014 2 mos. 2013
2014 % retail 2013 % retail Feb. 2014 % retail 2013 % retail 2 mos.
Retail: retail sales share retail sales
Ford to move medium-duty truck line from Mexico to Ohio
DETROIT (Bloomberg) -- Ford Motor Co., which plans to cease making the Econoline van later this year, plans to revive the Ohio factory where the vehicle is made by investing $168 million to move truck production there from Mexico early in 2015. Production of Ford's commercial F-650 and F-750 ...
Audi tech boss has high expectations for brand's first plug-in hybrid
Volkswagen Group for years was critical of electrically assisted vehicles such as hybrids, but those days are over. Ulrich Hackenberg, one of VW Group's top-ranking engineers as well as Audi's board member for technical development, says "the electric car is the future." He spoke about the
GM to Keep Spiffs in Check? (3/6/14)
Despite rise in truck incentives, a plan for premium pricing, margins; Ford's R&D investment in China; U.S. fans, Italy-made Jeep.
Income tax refunds, easy credit buoy used-vehicle prices
Used-vehicle prices, bolstered by consumers using their income tax refunds to buy used cars and trucks, rose 0.8 percent in February from January and 1.1 percent from February 2013, the Manheim Used Vehicle Value Index showed today. The index -- adjusted for vehicle make, model, mileage and time of
VW Golf sales rise 28% to keep it Europe's top selling car
The Volkswagen Golf remained Europe's best-selling car after sales grew by 28 percent in January, according to market researcher JATO Dynamics. At the same time a 9 per cent rise in sales lifted its smaller sister vehicle, the Polo, two positions to second place. An 8 percent increase left Ford's
D.C.'s Auto Agenda-Setters (3/7/14)
Lawmakers who may open doors to carmakers as era ends; Benz global sales surge; seven-story Audi superstore.
Bankruptcy terms limit GM liability in crash lawsuits
In apologizing for its slow response to a faulty ignition switch that triggered a recall of about 1.6 million cars, General Motors has vowed that the new GM will do business differently than the old company that filed for bankruptcy in 2009. In a legal twist, that dividing line -- between "old GM"
GM uses social media to respond to customer gripes
General Motors has a strategy to deal with backlash from consumers on social media: search for complaints, respond quickly and assist customers. As GM contends with questions over an ignition switch recall covering 1.6 million cars, it also must deal with annoyed owners who air their grievances on
Audi superstore opened by Sonic in Houston
A unit of Sonic Automotive Inc. has opened the largest Audi dealership in the United States -- a glitzy 142,000-square-foot store in Houston. Audi Central Houston's seven-story facility is more than eight-times the size of a conventional dealership, and roughly four times that of a typical Audi
Mazda snaps up engineers in latest sign of rebound
TOKYO -- Mazda Motor Corp. is embarking on a hiring binge in Japan, the latest sign that the former money-losing carmaker is bouncing back. The surge in new recruits will come in engineering as Mazda doubles down on future product. In its latest recruitment plan for Japan, Mazda said it will nearly
Toyota reconfirms commitment to PSA minicar alliance
GENEVA -- Toyota reconfirmed its commitment to its minicar alliance with PSA even though the French automaker has agreed a capital tie-up with China's Dongfeng Motor Corp. "Partnering with PSA allows Toyota to be profitable in the A-segment and this is the reason we extended this partnership,"
Citroen adds DS5 sedan for China
GENEVA -- Citroen has added a sedan to its DS line, the DS5 LS, which is designed for the Chinese market and will initially only be sold there. The DS5 LS will be built at a new plant in Shenzhen, China. It has a different front end than the DS5 hatchback and has a roomy trunk. The LS andndash; ...
Fiat-Chrysler expects new plant to boost Brazil profitability
GENEVA (Reuters) -- Fiat Chrysler Automobiles expects a new plant in Brazil to boost its profitability in that market by 2017 after a cut to subsidies and currency effects hit profits there last year, CEO Sergio Marchionne said. "I'm absolutely convinced that by 2017, which will be the first year
Tavares hustles to make humbled PSA an auto champion
PARIS (Bloomberg) -- Incoming PSA/Peugeot-Citroen CEO Carlos Tavares hustled around the Geneva auto show this week in a way that didn't suggest he was taking one of the toughest jobs in the auto industry. Attending his first car show since joining the French carmaker "is very pleasant," Tavares
North America car and truck production - 03/10/14
North America car and truck production - 03/10/14 web
North America car and truck production
3/3- Feb. 1/1- 1/1-
3/8/14 total 3/8/14 3/9/13
Fusion 1,995 9,976 15,347 0
Mustang 1,793 8,963 15,702 18,248
Fisker cleared to borrow $4.98 million from Wanxiang
(Bloomberg) -- Fisker Automotive Holdings Inc. received court approval to borrow $4.98 million from Wanxiang Group, the Chinese auto-parts maker that won an auction for the bankrupt maker of luxury plug-in cars. U.S. Bankruptcy Judge Brendan Linehan Shannon approved the interim financing at a
Marchionne awarded $307,989 as Chrysler CEO in 2013
DETROIT (Reuters) -- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne was awarded salary and stock awards worth $307,989 last year for heading Chrysler Group, according to a filing with U.S. regulators by the automaker on Friday. Marchionne's Chrysler pay is expected to be a fraction of
Mercedes closes gap with Audi by one-third on China sales surge
BERLIN (Bloomberg) -- Daimler's Mercedes-Benz slashed second-place Audi's luxury-car sales lead by almost one-third in the first two months of 2014 on surging demand for its models in China. Through February, Mercedes was 26,647 sales behind Audi compared with 36,804 during the same period last