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2 million extra doors was the best call Daimler made during 'marriage of equals'
It's easy to criticize the way Daimler AG ran and ultimately left Chrysler during the disastrous "marriage of equals" era. I know because I've done it on a regular basis. But even the worst marriages can produce spectacular kids -- or in this case, products. And today, the 1 millionth copy of one
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Nissan lures feathered pickup customers with fish, no rebates
If Nissan Motor Co. wants to portray its made-in-the-U.S.A. Frontier compact pickup as more, well, American, maybe the company's marketing team should take a gander at YouTube. The video below has generated more than 281,768 views since it was loaded last week. Here's what the voiceover could say
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In the Land of Many Buicks, one in particular stood out
SHANGHAI -- If you were an alien from another world and your spaceship landed in Shanghai, you would immediately conclude that Buick is a planetary titan among automotive brands. Buick is the third-leading brand in China behind Volkswagen and Hyundai through March with 5.3 percent of the market, ...
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UAW study chides Nissan for tax breaks at Miss. plant
NASHVILLE -- A research study commissioned by UAW labor organizers claims that Nissan Motor Co. could receive four times the previously reported level of state and local incentives and tax breaks to operate its assembly plant in Canton, Miss. According to the study by the Washington-based Good Jobs
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The death of driving? Don't make any funeral plans
You know that study that just came out declaring "the end of the driving boom," because Gen Y supposedly doesn't care about cars? Ignore it. The 69-page study by the Frontier Group and the Public Interest Research Group is just another case of inside-the-beltway thinking attempting to drive public
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PSA workers end four-month strike over car plant closure
PARIS (Reuters) -- Workers at a PSA/Peugeot-Citroen factory near Paris have agreed to end a four-month strike in protest at its planned closure. The staff on strike will return to work next week, said Jean-Pierre Mercier, who represents the CGT union at the Aulnay plant. He said PSA had agreed to
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Average wholesale used-vehicle prices, April
Average wholesale used-vehicle prices, April Web Average wholesale used-vehicle prices, April Average Prices Unit) Latest Month Versus: Apr-13 Mar-13 Apr-12 Prior Month Prior
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GM shares return to $33 IPO price on optimism for truck sales
DETROIT (Bloomberg) -- Shares in General Motors topped its $33 initial public offering price for the first time in more than two years as the automaker prepares to introduce redesigned full-sized pickups. GM shares closed up $1.03, or 3.2 percent, at $33.42 in New York Stock Exchange trading today
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Tesla expands share, debt offering to repay U.S. loan, hike cash
(Bloomberg) -- Tesla Motors Inc. increased the size of its equity and debt offerings by 30 percent to as much as $1.08 billion to repay its U.S. loan and build up cash reserves. The company said in an SEC filing that it plans to sell as many as 3.9 million shares for $92.24 apiece. Tesla CEO Elon
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U.S. medium and heavy truck sales, April and YTD
U.S. medium and heavy truck sales, April and YTD U.S. medium- & heavy-truck sales, April & 4 mos. April 4 mos. April April percent 4 mos. 4 mos. percent 2013 2012 change 2013 2012 change Dodge Class 5* 1,116 507 120% 2,326 3,408 –32% Class 4 2,853 1,310 118 8,345 5,247 59 Class 5 3,187 2,447 30
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Akerson's GM Pickup Pitch (5/17/13)
CEO says tech-filled truck not built for 'urban cowboy'; Europe snaps losing streak; Fiat downplays reports about HQ move.
And perennial -- champ Ford at 115. Speaking -- sidelines at a General Motors event this week. CEO Dan -- touted engine technologies. Like continuously variable valve timing direct injection and -- at the nation. These -- technologies that only -- highest end isn't the German premium manufactured were put -- trucks. They get the -- or not better mileage. In better torque than any competition in our competition has six cylinder good engine we just weren't satisfied game. They GM pickups are arriving as the US housing market shows signs of really rebounding. We're not building trucks -- driving down Madison avenue. And it Irving cowboys we're trying to build -
Family-Friendly Nissans (5/17/13)
Pathfinder climbs to top of best family-car list; automaker sees more repeat buyers; Lapham on idea of Fiat moving to U.S.antv
possibility. That Fiat could move its corporate headquarters. From Italy to the United States after the Chrysler Fiat merger is complete. There are a lot of reasons that make sense according some people including -- Sergio. But that kind of chatter always sounds like put up job you know somebody floating a trial balloon there trying to get a little political leverage. It wasn't too many years ago that the industry was abuzz with talk. -- that might move its corporate headquarters to the United States from Japan it made perfect sense America is Honda's biggest market. Honda was considered the most American of the Japanese auto makers. -
Hyundai, Kia losing ground to luxury imports at home as tariffs fall
SEOUL (Bloomberg) -- Lee Tack Young says Hyundai Motor Co.'s luxury vehicles are oversized, overpriced gas guzzlers. So he opted for a more modest alternative: a BMW 528i. Foreign brands have seen their share of South Korea's market for premium vehicles surge to 41 percent from 28 percent in the ...
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North America car and truck production - 05/20/13
North America car and truck production - 05/20/13 web North America car and truck production 5/13- 5/1- 1/1- 1/1- 5/18/13† 5/18/13† 5/18/13† 5/19/12 Fusion 5 5 24 0 Mustang 2,601 2,601 37,933 40,203 Total Ford division 2,606 2,606 37,957 40,203 Mazda
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Audi overtakes BMW as India's top-selling premium brand
MUMBAI (Bloomberg) -- As India's car market took off in recent years, global luxury brands focused on selling sumptuous sedans and big sport utility vehicles in Mumbai, Delhi, and Kolkata, home to the bulk of the country's wealthy. Audi shows that's changing. The brand has overtaken BMW as India's
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Behind the scenes, Straubel keeps Tesla running at pivotal time
LOS ANGELES (Bloomberg) -- Elon Musk was fresh off the sale of PayPal and starting another business, commercial rocket service Space Exploration Technologies Corp., when he met kindred spirit JB Straubel. Their shared belief that consumer electronics advances could be applied to more earthly modes
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Cadillac to offer new twin-turbo V-6 on XTS for 2014
Editor's note: An earlier version of this story incorrectly characterized the horsepower rating in the 2014 Cadillac XTS' twin-turbo V-6 engine. DETROIT -- Cadillac is adding a new 410-hp, twin-turbo 3.6-liter V-6 engine as an option on the XTS sedan for 2014. General Motors unveiled the engine ...
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Dow Chemical ordered to pay $1.2 billion in urethane price-fixing probe
KANSAS CITY, Kansas (Reuters) -- A federal judge in Kansas City, Kansas, ordered Dow Chemical Co. to pay $1.2 billion in a price-fixing case involving chemicals used to make foam products in cars, furniture and packaging, according to court documents. Dow was one of several chemical company ...
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VW, GM, others get unexpected boost in China
BEIJING (Bloomberg) -- A surprise policy shift in China is expected to give a boost to Volkswagen Group, General Motors Co. and other foreign automakers planning to expand in the world's largest car market. China said it will encourage foreign investment in vehicle manufacturing in its western ...
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Russian car sales down 8% in April
MOSCOW (Reuters) -- Russia's year-on-year car sales fell 8 percent in April after a decline of 4 percent in the previous month, the Association of European Businesses (AEB) said. "Typically for the Russian market, April sales exceed March level ... This year we see basically no uplift, showing the
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Europe car sales rise for first time in 19 months
MILAN (Bloomberg) -- European car sales rose for the first time in 19 months on strong demand in the UK and a rebound in Germany, amid signs that governments may take measures to stem a contraction in the economy of the countries using the euro. Registrations in April increased 2 percent to 1.08 ...
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Subaru, Mitsubishi small crossovers top new crash test
The Subaru Forester and Mitsubishi Outlander Sport have won top honors from the Insurance Institute for Highway Safety, becoming the only small SUVs to ace the group's new "s mall overlap" crash test . The Forester, which Subaru redesigned for the 2014 model year, earned Top Safety Pick+ accolades
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Tesla issuing stock, debt to accelerate repayment of U.S. loan
Tesla Motors Inc. plans to sell as much as $830 million in shares and debt, aiming to be first company to repay its federal loan awarded under a program that fueled political controversy. Tesla said in a U.S. regulatory filing and statement that proceeds from selling 2.7 million shares, valued at
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Toyota plant in France launches Yaris output for U.S.
Toyota Motor Europe has started making the Yaris for North American export at its plant in Valenciennes, France, marking the first time the automaker's European-built models will be exported to the United States and Canada. The production switch maximizes Toyota's utilization of the French plant ...
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Renault expects 5% dip for European car market
ISTANBUL, Turkey (Bloomberg) -- Renault expects the European car market to shrink 5 percent this year over last year, Chief Operating Officer Carlos Tavares said. The French carmaker, whose worldwide deliveries last year fell 6.3 percent to 2.55 million cars and light vehicles, expects the European