Showing results 1 - 25 of 19174
Russia may extend car-buying subsidy scheme into 2015
MOSCOW (Reuters) -- Russia may extend incentives for new-vehicle purchases beyond 2014, the Industry and Trade Ministry said, in an effort to help the car industry weather an economic downturn. The ministry said in a statement the scheme could be extended into 2015, citing industry minister Denis
Cadillac full speed ahead in China
WUHAN, China -- Despite slowing sales growth in China, General Motors is doubling down on the country with a bold expansion plan that could make it Cadillac's biggest market within six years. The investment blitz channels $14 billion into China, the world's biggest car market, from 2014 through ...
Porsche cashes in on turnaround with consultancy business
BERLIN (Reuters) -- Just as sports car fans adore the iconic 911, so company bosses are in awe of Porsche's industry-leading profit margins, allowing it to develop a consultancy business with a growing list of high-profile clients keen to find out how it's done. British Airways, German software ...
China has room for PSA's upscale DS brand
PSA/Peugeot-Citroen's upscale DS brand is on track to be successful in China because of consumer demand for French luxury goods -- but it is not a serious rival to the German premium brands. French luxury goods are hot items among a burgeoning middle and upper middle class of consumers in China and
Renault exec sees fuel-efficient Eolab concept selling for same price as a Clio
PARIS -- Renault could sell the Eolab ultra fuel-efficient concept for a similar price to a diesel-powered Clio if it decided to build the car, Thierry Bollore, the company's chief competitive officer, said. Renault has not said whether it will build the Eolab, which the automaker unveiled at the
Hyundai lessee wins new trial over sunroof with mind of its own
The owner of a Hyundai Genesis with a sunroof that repeatedly opened and closed on its own has won a new trial in his lawsuit against Hyundai Motor America and the California dealership from which he leased the car. A three-judge panel of the California Court of Appeal authorized a second trial ...
Rivals see Buffett as just another competitor
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. The deal by Buffett's Berkshire Hathaway Inc. to purchase Van Tuyl Group, the industry's largest private dealership group,
Japanese automakers drive UK car industry's rebound
Jaguar, Rolls Royce, Land Rover, Mini, MG. The pantheon of British automakers has a storied history, but it is not exactly populated with big-volume world-beaters. And its recent history has been darkened by years of decline in which many of these household brand names were bought and sold by ...
Takata's airbag crisis may spur automaker shift to Autoliv, Daicel
TOKYO (Bloomberg) -- The defect in Takata Corp. airbags linked to four deaths in Honda cars opens the supplier to risk of losing business to rivals including Autoliv and Daicel in a crucial portion of the market for the safety devices. The market for airbag inflators -- the component at the root of
GM to auction equipment from Opel's Bochum factory
General Motors' Opel unit next month will auction tooling from its plant in Bochum, Germany. GM is shutting the factory to reduce its excess capacity in Europe and help return its operations in the region back to profit. Bochum will make its last vehicle on Dec. 12, according Maynards, the auction
Autoliv lowers sales outlook but says Takata woes are helping its business
STOCKHOLM (Reuters) -- Autoliv posted a fall in third quarter earnings and lowered its outlook for 2014 sales growth, while saying it has seen positive effects on its business in the wake of recent issues with Japanese parts maker Takata's air bags. "We have seen business come our way as a ...
NHTSA's botched airbag recall leaves car owners in dark
WASHINGTON -- The National Highway Traffic Safety Administration botched its effort to inform the public about a potentially lethal airbag defect, directing 8 million consumers to an inoperable website and leaving millions of others unsure as to whether their cars were even at risk. For more than
Fiat Chrysler's targets seen at risk as N.A. still pressured
MILAN/DETROIT (Reuters) -- 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. The group ...
Why Honda is venturing into Oculus' virtual world
MOUNTAIN VIEW, Calif. -- From the back seat of an Acura MDX, I peered out at a stone house on a cliff, fields of wind-swept grass and blue butterflies close enough to touch. All of it was a mirage. In reality, I was in the parking lot of the Honda Silicon Valley Lab here. Strapped to my head was a
Rick Case to sell first N.A. 2015 Alfa Romeo 4C for charity's sake
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. Rick Case says his Alfa Romeo dealership in Davie, Fla., is the first store to receive one of
Asbury names former Group 1, RML exec David Hult COO
ATLANTA -- Former Group 1 and RML Automotiveandnbsp;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. Hult, 49, will join Asbury on Nov. 3. Asbury had been looking for a ...
Audi will recall 850,000 A4s globally over airbag problems
BERLIN (Reuters) -- Audi will recall 850,000 A4s worldwide due to airbag problems, with about half of the vehicles affected in the luxury carmaker's two biggest markets of China and Germany. Faulty software in A4 models delivered after 2012 could prevent front airbags from deploying, an Audi ...
Opel on track to achieve turnaround, GM says
FRANKFURT -- General Motors says troubled Opel/Vauxhall unit is on track to achieve a turnaround despite headwinds from Russia. GM said on Thursday that third-quarter losses at its European operations, which mainly comprise Opel and British sister brand Vauxhall, widened to $387 million from a $238
Rolls-Royce names BMW exec interior design chief
BMW Group named Daniel Starke as Rolls-Royce head of interior design, a role he previously held at BMW's i electric and plug-in hybrid vehicle subbrand. Starke succeeds Alan Sheppard, who is now Rolls-Royce's head of color, materials and accessories design. Starke's "design experience, proven track
Toyota's ad agency will join move to Texas
Toyota's Los Angeles-based U.S. advertising agency is following its longtime client to Dallas in a bid to prolong their nearly 40-year relationship. Toyota, which had been the sole client of Saatchi LA, a branch of Publicis Groupe's Saatchi and Saatchi agency, announced in April that it's shifting
Wrangler will remain body-on-frame, sources say
DETROIT -- 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
Lear says Q3 profit rises 24% as global production grows
DETROIT (Reuters) -- Lear Corp., which supplies auto seats and electrical power systems, today reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production.andnbsp; Net income attributable to the company rose to $140.1 million, or $1.72 per share, in the third ...
Delphi Q3 profit rises on higher demand in Asia, North America
DETROIT (Reuters) -- Delphi Automotive today reported a 12.5 percent rise in quarterly profit as demand for its auto parts rose in Asia and North America. Net income attributable to Delphi rose to $305 million, or $1.02 per share, in the third quarter ended Sept. 30 from $271 million, or 87 cents
North America production downtime overtime - 10/27/14
North America production downtime overtime - 10/27/14
7.73 7.68 7.75
Week ending Aug. 16
Toledo (Ohio) North truck
Toledo (Ohio) Supplier Park truck
Ford Motor Co.
Kansas City (Mo.) Truck truck
Kentucky Truck (Louisville) truck