Showing results 1 - 25 of 22781
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
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
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.
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 ...
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
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 ...
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, ...
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
France to 'talk again' with Renault; reaffirms vote plan
PARIS (Reuters) -- French Economy Minister Emmanuel Macron said on Friday he would "talk again" with Renault CEO Carlos Ghosn but reaffirmed his intention to boost the government's voting rights in the carmaker in defiance of Ghosn's wishes. In comments to Reuters, Macron also confirmed that he ...
Ford recalls 390,000 cars to fix doors that may fly open while driving
DETROIT -- Ford Motor Co. is recalling about 390,000 cars for an issue that could prevent the doors from latching or allow them to open unexpectedly while driving. The recall covers the 2012-14 Ford Fiesta, 2013-14 Ford Fusion and 2013-14 Lincoln MKZ, all of which were built in Mexico. It comes 10
Supplier ThyssenKrupp plans to invest $869 million in N.A. by 2020
FRANKFURT -- German industrial group ThyssenKrupp plans to invest more than 800 million euros ($869 million) in North America by 2020 to take advantage of increased auto production.andnbsp; The company announced the plans today as it opened a steering-components plant in Mexico, where most of the
VW C Coupe GTE will be brand's low-emissions flagship in China
SHANGHAI -- Volkswagen plans to launch a production version of the C Coupe GTE plug-in hybrid concept in China, where it will be the flagship of the automaker's low-emissions lineup in the country. VW Group is expanding its range of alternative-powertrain models to take advantage of government ...
Lear Q1 net income, revenue up after Eagle Ottawa acquisition
Seating and electronics supplier Lear Corp., after completing its acquisition of Eagle Ottawa, the largest auto seats leather supplier in the world, said that both first-quarter net income and revenue increased from a year earlier. The company's net income grew 20 percent to $147 million. And, Lear
GM gets boost from smaller pickups, but doubters question for how long
DETROIT (Reuters) -- General Motors' return to selling smaller pickups in the United States has resuscitated a moribund market segment, but new data highlights the risk that the automaker's new trucks are cannibalizing sales of higher-priced models. Since the launch last autumn of the Chevrolet ...
Plug-ins poised to be Europe's top electrified drivetrain
Plug-in hybrid cars are forecast to outsell standard hybrids by 2019 and reach 1.2 million sales annually in Europe in 10 years. The rapid rise will come as automakers such as BMW, Volkswagen and Volvo launch more and more models that can travel emissions free at least part of the time so they can
Mercedes fined $56 million in China for price fixing
SHANGHAI -- Authorities in China's eastern Jiangsu province fined Daimler's Mercedes-Benz 350 million yuan ($56 million) for a pricing monopoly there. The fine is the highest handed out so far to automakers probed by the government last year for antitrust violations. The regulator said the carmaker
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
Audi prepares electric SUV to fight Tesla
SHANGHAI -- Audi is set to launch a full-electric SUV with a 500km (310 mile) range that will challenge Tesla's Model X crossover, but CEO Rupert Stadler remains cautious about EVs. For the next 10 to 15 years plug-in hybrids will be the preferred choice for customers looking for a vehicle with ...
Suzuki sees Vitara as its best-seller in Europe
Suzuki expects the new Vitara to become its best-seller in Europe because of its more mainstream look, roomy interior and better fuel economy. The latest-generation Vitara joins Europe's booming subcompact SUV segment. Its sleeker design and high level of customization options are a big departure
Ford to cut 700 jobs at Mich. plant, hitting Tier 2 workers
DETROIT -- Ford Motor Co. plans to cut 700 jobs and eliminate the third shift at its small-car assembly plant in Wayne, Mich., in the company's first large-scale layoff of Tier 2 workers. The plant builds the Focus and C-Max, whose sales are down a combined 22 percent this year after falling 15 ...