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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 ...
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 last week at the SAE World Congress
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
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 ...
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
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, ...
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
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.
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
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
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, ...
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
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 ...
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
Valeo posts quarterly sales gain on Europe, China
PARIS (Reuters) -- Valeo's first-quarter revenue rose 15 percent, lifted by growth in sales to European and Chinese automakers, the supplier said in a statement . Valeo sales reached 3.58 billion euros ($3.87 billion) in the first three months of the year, up 6 percent on a like-for-like basis. ...
Buick chief says new China duties won't distract from 'a lot more to do' in U.S.
SHANGHAI -- In the year since he took over the Buick and GMC brands in the U.S., Duncan Aldred has made a lot of fans among dealers. He's earned a reputation as a sales and marketing exec willing to try new things, such as a 16 percent cash-back offer tied to the 'Sweet Sixteen' during the NCAA ...
VW, BMW are top brands among Chinese auto buyers, survey says
SHANGHAI (Bloomberg) -- Volkswagen is the top pick for Chinese consumers considering buying a vehicle followed by BMW and Buick, according to a survey on auto-purchase sentiment conducted by a research unit of Deutsche Borse. VW was favored by more than 20 percent of those surveyed, according to ...
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
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
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 ...