Showing results 1 - 25 of 23359
Piech's reign ends after 500-mile trek to German city that once honored him
FRANKFURT -- Ferdinand Piech's two decades of unyielding authority over Volkswagen AG ended after a 500-mile journey to Braunschweig, a small city in central Germany where just last year he was feted as a savior of jobs. Piech was accustomed to imposing his will, but this time was different. He had
Piech resigns as VW chairman after failing to oust CEO
FRANKFURT -- Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as chairman of the company on Saturday after losing a showdown with Chief Executive Martin Winterkorn. Piech, the 78-year-old grandson of the inventor of the Volkswagen Beetle, had previously succeeded
Ruthless VW patriarch Piech overplays last hand, ending era
FRANKFURT -- Ferdinand Piech's iron-fisted rule over Volkswagen helped him build an empire spanning fuel-efficient city cars to 40-ton trucks, but in the end he overplayed his hand and was forced out before reaching his goal of making VW the world's biggest carmaker. A grandson of Ferdinand ...
Piech's resignation deprives industry of key figure
Of all the backdrops befitting a historic event for Germany's auto industry, the least likely would have to be an insignificant airport in the city of Brunswick, a tiny satellite that orbits the massive VW factory in nearby Wolfsburg. On Saturday, however, it served as the meeting place where ...
Jaguar adds horsepower to the dashboard
Customers tend to be drawn to Jaguars by the looks, the growl of the engine or the prestige of the cat on the grille -- not by the navigation system. But a slick computer interface has become a necessity for luxury brands, putting pressure on Jaguar Land Rover, long criticized for balky, dated ...
With ATS-V, Cadillac aims to join the best in class from Germany
AUSTIN, Texas -- Cadillac officials say they don't expect the high-performance ATS-V coupe and sedan to post big U.S. sales numbers when they arrive at dealers this spring. In fact, they would provide no estimates earlier last week when, during the press introduction of the car at a racetrack here,
Driverless cars and the big conundrum
DETROIT -- Soon we'll be driving vehicles that can steer, accelerate and brake themselves on the highway without the motorist's intervention. The technology isn't foolproof, however, so drivers must be ready to take over if the vehicle encounters an unexpected obstacle. But if a motorist is texting
Where the heck is Apple CarPlay?
SAN FRANCISCO -- Apple Inc. sold 10 million units of the iPhone 6 and iPhone 6 Plus in their opening weekend last September and sold out of its latest gadget, the Apple Watch, before it even arrived in stores. But a year after Apple's splashy unveiling of CarPlay, a system for controlling a phone's
Booming Ford banks on China product blitz
SHANGHAI -- Ford Motor Co. is on a rampage in China, with sales soaring and the brand jumping to No. 5 in the sales ranking in the first two months of the year from eighth a year earlier. Executives are confident they can improve on their 4.3 percent market share by outpacing the market's expected
Higher octane fuel could add mpg, SAE panel says
DETROIT -- In a world of higher octane gasoline -- in which 95 would replace 87 and become the new regular -- automakers could more easily and affordably meet stringent fuel economy standards as well as reduce carbon dioxide emissions. During a panel discussion this week at the SAE World Congress
VW leadership crisis escalates as board members criticize Piech
BERLIN (Reuters) -- Volkswagen's leadership crisis is refusing to go away, a week after its warring chairman and CEO officially put aside their differences, sources told Reuters. Chairman Ferdinand Piech, who was forced to back CEO Martin Winterkorn after being isolated in a five-to-one board vote
Bitter rivals at home, GM and Ford taking different roads abroad
General Motors and Ford Motor Co., Detroit's two venerable rivals, usually compete toe-to-toe in everything they do. But in Russia, they are headed in radically different directions. GM is cutting losses, having taken a $428 million one-time charge as the company winds down many of its Russian ...
Toyota makes noise with Mirai hydrogen fuel cell vehicle
TOKYO -- For all its silence, Toyota's Mirai hydrogen fuel cell vehicle can actually be pretty noisy. Ironically, that is because the car is propelled by a whispering electric motor and not a rumbling gasoline engine. That allows the driver to pick up sounds that might otherwise be droned out. The
Hot Time for Engineers (4/24/15)
Stein on what has automakers scouring the planet; buy-sell cool-down?; $16.2M for Barra in '14; plug-ins preferred.
North America production downtime overtime - 04/27/15
North America production downtime overtime - 04/27/15
Week ending May 2
Brampton, Ontario car
Toledo (Ohio) North truck
Toledo (Ohio) Supplier Park truck
Warren, Mich. truck
Ford Motor Co.
Kentucky Truck (Louisville) truck
Louisville Assembly truck
Mitsubishi posts first annual N.A. profit in seven years
TOKYO -- Mitsubishi Motors Corp. booked double-digit profit increases in the latest quarter to propel the carmaker to record annual earnings and its first North America profit in seven years. Global operating profit soared 30 percent to 35.1 billion yen ($293.4 million) in the January-March fiscal
JLR sees Mexico as 'strong' option for N.A. assembly plant
MEXICO CITY (Bloomberg) -- Jaguar Land Rover is considering building a plant in Mexico, following other luxury car makers lured by cheap labor and free trade agreements. Mexico is a "very strong option" for Jaguar Land Rover to invest in, possibly more than $500 million, said Joseph ChamaSrour, ...
Maybe NHTSA could use excessive force to fix old Jeeps -- or leg traps
So the National Highway Traffic Safety Administration is considering its options on how to speed up the repair rate on a couple older recalls, including one involving hundreds of thousands of old Jeep Grand Cherokees and Libertys. May I suggest leg traps? You know, those inhumane devices that ...
Skoda, unions agree on 3.5% wage hike
PRAGUE (Reuters) -- Skoda has reached an agreement with workers on a 3.5 percent wage hike, the carmaker's main union group said on its website. Unions at the Czech carmaker threatened last week to launch three- to five-day strikes as they sought a higher pay rise than the 3 percent offered by the
GM paid Barra $16.2 million in 2014
DETROIT -- General Motors CEO Mary Barra received $16.2 million in total compensation during her first year leading the automaker, GM said in a regulatory filing today. Barra's payout included a base salary of $1.6 million, stock awards totaling $11.8 million, and $2.1 million from a short-term, ...
Volvo will build new compacts in Belgium, CEO says
Editor's note: A previous version of this story referenced the wrong vehicle in the photo. The correct vehicle now appears. SHANGHAI (Reuters) -- Volvo will build a new family of compact cars based on a common platform at its Belgian factory, CEO Hakan Samuelsson said. The cars will be developed ...
Mazda quarterly profits fall on currency losses while sales rise
Editor's note: An earlier version of this story mischaracterized the role Mazda's North American operations played in the company's latest annual earnings. TOKYO -- Profits fell at Mazda Motor Corp. in the January-March quarter, undercut by higher outlays for marketing and factory startups and ...
Haldex first-quarter profit rises 37%
STOCKHOLM -- Swedish supplier Haldex said in a statement today that operating profit rose 37 percent in the first quarter to 115 million Swedish crowns (12.2 million euros) as the company repeated its forecast for markets to grow at a slower pace this year. Sales were 1.24 billion crowns, up from
RFJ buys Dave Smith Auto
RFJ Auto Partners Inc., a fast-growing new dealership group backed by private equity, acquired two of the highest-volume stores in the U.S. this week when it bought Dave Smith Auto Group. The deal marks RFJ's expansion to the Northwest. The Dave Smith stores, in Kellogg, Idaho, will be a base for
Uber might trump the cost of car ownership, but not leasing#8230;yet
Most dealers probably don't lose sleep with worry that Uber, the popular app-based service that pairs private drivers with riders, will usurp car ownership anytime soon despite Uber's ambitions to make it so. In most cases, when a person drives more than 13,500 miles a year, car ownership is still