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VW brand replaces its global marketing chief
The global marketing head of Volkswagen brand, Simon Thomas, will leave the post after about a year in the job. Thomas will be succeeded by Xavier Chardon, VW brand's European sales chief. Thomas' other post -- marketing boss for all of VW Group -- will be taken over on an interim basis by the ...
Strong retail demand to push U.S. sales higher in July, forecasts show
The pace of U.S. auto sales has slowed slightly after hitting an eight-year high in June, but July's results are still shaping up to be at least 9 percent better than a year ago, according to four forecasts. Forecasts from LMC Automotive, Kelley Blue Book, Edmunds.com and TrueCar.com call for a ...
Porsche importer buys former F1 circuit in South Africa
JOHANNESBURG (Bloomberg) -- Porsche South Africa has bought the 72-hectare Kyalami racetrack, which hosted F1 races between 1967 and 1993, for 205 million rand (14.5 million euro). The track was purchased during an auction in Johannesburg on July 24. Lance Chalwin-Milton, joint managing director of
North America car and truck production - 07/28/14
North America car and truck production - 07/28/14 web
North America car and truck production
7/21- June 1/1- 1/1-
7/26/14 Total 7/26/14 7/27/13
Fusion 824 2,473 30,042 52
Mustang 3,304 9,910 55,619 50,735
South African union said to reject wage deal to end strike, resume car output
JOHANNESBURG (Bloomberg) -- South Africa's biggest union will probably reject the latest pay offer from employers to end a three-week strike that has halted production at General Motors, Ford, Toyota and other automakers because of a clause related to workplace bargaining, a union official said. ...
Hella planning IPO later this year, report says
LONDON (Bloomberg) -- German automotive supplier Hella KGaA Hueck and Co. is working with Citigroup Inc. and Bankhaus Lampe KG on an initial public offering later this year, according to people with knowledge of the matter. Hella, which reported annual sales of more than 5 billion euros ($6.7 ...
Mitsubishi retools flagship Japan plant before hybrid push
TOKYO -- Mitsubishi Motors Corp. is overhauling its flagship assembly plant in Japan to slash production costs and boost capacity as it readies for increased output of plug-in hybrid vehicles. The renovations at Mitsubishi's Okazaki plant in central Japan aim to cut the cost of body assembly 30 ...
U.S. medium and heavy truck sales, June and YTD
U.S. medium and heavy truck sales, June and YTD
%U.S. medium- & heavy-truck sales, June & 6 mos.%
June 6 mos.
June June percent 6 mos. 6 mos. percent
2014 2013 change 2014 2013 change
Dodge Class 5* 761 553 38% 5,323 4,009 33%
Class 4 2,681 2,454 9% 13,997 13,253 6%
Class 5 3,018 3,893 –23%
Porsche Cayenne to offer new twin-turbo engine, plug-in hybrid for '15
When the freshened 2015 Porsche Cayenne goes on sale Nov. 1 in the United States, look for a new twin-turbo engine, a plug-in hybrid model and prices that range from 3 to 11 percent higher. Porsche also is dropping -- at least for now -- its base-model Cayenne, which had started at $50,595. That ...
Jaguar Land Rover cuts prices on 3 models in China in response to government probe
SHANGHAI (Reuters) -- Jaguar Land Rover, owned by India's Tata Motors Ltd., plans to cut prices on three models in China due to the government's anti-monopoly probe. Jaguar Land Rover will cut prices on the cars by an average of 200,000 yuan ($32,300) starting Aug. 1, after the National Development
AutoNation: Recalls crimp service
This year's record recalls are creating capacity bottlenecks in the service shops of the country's largest dealership group. The recall pressure is making it tougher for AutoNation Inc. to take advantage of coveted customer-pay service work, AutoNation CEO Mike Jackson said. "If we had more ...
GM, Manheim kiss and make up
About four years after a spat strained their business relations, General Motors and auction company Manheim are starting to kiss and make up. The companies aren't eager to discuss the origins of the dispute, but the result was a near-boycott of Manheim auctions by GM Financial and GM itself, which
FBI Search of Ford HQ (7/25/14)
Paper: Bureau seizes listening devices in probe of ex-worker; VW chief denounces anti-Semitism; shoppers ring up dealers.
Millennials drawn to car-sharing services, but eventually, they buy
Car- and ride-sharing programs -- called upon via smartphone applications -- are changing the way city dwellers get around and the way millennials think about car ownership. The convenience is indisputable. Pull up the app for Zipcar or Car2Go and reserve a nearby car for short-term use. Or use the
NHTSA to investigate older GM models for software, airbag glitch
The National Highway Traffic Safety Administration will investigate whether 320,000 older Chevrolet Impalas have a software defect that might cause airbags to fail to deploy in a crash. Donald Friedman of Xprts, a Santa Barbara, Calif., company that specializes in automotive crash analysis, sought
Aston Martin revives Lagonda badge for powerful new sedan
LONDON -- Aston Martin will revive its Lagonda nameplate with a limited-edition, high-end sedan designed for customers in the Middle East. Aston Martin said the four-door Lagonda, which will go on sale next year, was developed to supply "specific market demand" in the Middle East. The car's angular
Fisker's Chinese owner plans 2nd model after Karma output resumes
WASHINGTON -- The Chinese owner of Fisker Automotive hopes to launch a second model that would join the $100,000 Karma luxury plug-in hybrid in three years, according to the company's chairman. Chairman Lu Guanqiu, the billionaire chairman and founder of Chinese auto parts giant Wanxiang Group Co.,
Mazda expands U.S. recall of cars with faulty Takata airbags
(Reuters) -- Mazda Motor Corp. will broaden a recall of cars sold in the United States because an airbag inflator, supplied by Japanese supplier Takata Corp., could rupture and seriously injure occupants. The issue of ruptured inflators -- which can hurl metal shrapnel at vehicle occupants -- has
Lear profits rise on higher vehicle output, record seating volume, electrical gains
DETROIT -- Automotive supplier Lear Corp. posted second-quarter profits of $148.5 million, up 8 percent from $137.3 million, on higher light-vehicle output, record seating sales, and solid gains and expanded profit margins in its electrical distribution business. It also hiked its outlook for ...
Japan 3 Product Preview (7/25/14)
Our look at what's ahead for Nissan, Honda and Toyota; what has Mercedes saying 'ah;' Crain joins Hall of Fame.
Gentex Q2 net income grows 47 percent
Auto parts supplier Gentex Corp. reported $76.7 million in net income with total revenue of $338.4 million for the second quarter. Net income increased 47 percent from the second quarter of 2013. Gentex's automotive division, which produces rearview mirrors and related parts, had total revenue of
Fiat and PSA dismiss latest tie-up report
MILAN (Reuters) -- PSA/Peugeot-Citroen and Fiat Chrysler denied a Financial Times report on Thursday that the companies were preparing a merger to create the world's fifth-largest carmaker. "PSA categorically denies every aspect of the FT report on a merger with Fiat," a spokesman for the French ...
GM is 'paying for past sins,' analyst says
A sampling of what analysts and others are saying about GM's second-quarter financial results released today: "We had expected GM would beat expectations handily [in North America]. Instead, the North America results are merely solid [while a 9.2 percent margin excluding recalls is] admittedly the
Hyundai Q2 profit dips 7% on strengthening currency
SEOUL (Reuters) -- Hyundai Motor Co.'s net profit fell the most in five quarters, hit by the local currency's strength, and said it may make more vehicles overseas as it braces for a tough second half with the won still strong. Hyundai, the world's fifth-biggest automaker combined with affiliate ...
GM Korea could make next-gen Cruze if union calls off strike
General Motors Co.'s South Korean subsidiary has told its employee union that the automaker could consider making the next-generation Chevrolet Cruze in South Korea if the union calls off a wage-related strike. The announcement follows GM's South Korean employees voting to strike after three months