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A Chevy EV for $20K (5/23/13)Spark to lease for $199 a month; Ford closing Aussie sites; probe reaches ex-Saab chair Muller; Snyder: Mixing cars, politics.
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Chrysler Versus Tesla (5/24/13)Automakers engage in war of words over repaying Uncle Sam; Can 'Fast and Furious' tie-in aid Dart?; Lapham: Beater danger.
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Tilting Toward Pricier Rides (5/23/13)Pickup demand aids transaction prices; group takes Jeep safety drive to Fiat; autos and 'Dirty War'; catching 'code' at Mercedes.
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Executive Shakeup at Volvo (5/24/13)Marketing head Doug Speck, purchasing chief leaving; Nissan taxi obstacle; Marchionne honored; Chrysler keeps theme going.
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European carmakers shares decline on weakening China manufacturing
FRANKFURT (Bloomberg) -- Shares in Volkswagen, PSA/Peugeot-Citroen and Renault, Europe's three largest carmakers, all dropped 5 percent or more after preliminary data showed manufacturing in China is unexpectedly contracting. PSA declined as much as 7.5 percent, VW fell as much as 5.3 percent and
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North America car and truck production - 05/27/13
North America car and truck production - 05/27/13 web North America car and truck production 5/20- 5/1- 1/1- 1/1- 5/25/13† 5/25/13† 5/25/13† 5/26/12 Fusion 6 11 30 0 Mustang 2,604 5,205 40,537 42,279 Total Ford division 2,610 5,216 40,567 42,279 Mazda
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Ford will retain 1,000 jobs at French plant
BLANQUEFORT, France (Reuters) -- Ford Motor Co. will retain 1,000 jobs at a transmissions plant in southwest France after striking a deall with local authorities to share the burden of new investments needed to keep the factory operating. Under the deal, Ford willl invest 125 million euros ($162 ...
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Henrik Fisker joins Hong Kong tycoon on Fisker bid, report says
DETROIT/BEIJING (Reuters) -- Henrik Fisker is working with an investor group to salvage Fisker Automotive, the plug-in hybrid automaker he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter told Reuters this week. The discussions follow
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Ally to pay ResCap $2.1 billion to settle creditor claims
WILMINGTON, Delaware (Bloomberg) -- Ally Financial Inc., the auto lender majority-owned by the U.S. government, agreed to pay $2.1 billion to avoid lawsuits related to its bankrupt mortgage unit, Residential Capital LLC. Under the settlement, Ally will pay $1.95 billion in cash to the ResCap ...
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A Chevy EV for $20K (5/23/13)Spark to lease for $199 a month; Ford closing Aussie sites; probe reaches ex-Saab chair Muller; Snyder: Mixing cars, politics.
Up now today's top news stories. -- less expensive to go electric. General Motors will price its new sharp only spark EV. At 27495. Dollars including destination. And that's before the study 500 dollar US tax credit -- saying. Then I think that's bark at one of the cheapest EVs on the market. GM also matching a 199. Dollarmuch of it to pay off the US -- nine years early. General Motors and Chrysler have repay US and Canadian emergency loans the last government stake in GM will be sold by early 2014. Why -
U.S. auto sales will bounce back this month, forecasters say
May U.S. auto sales are expected to rebound from an April slowdown, easing concerns of another spring swoon, forecasters said. The light-vehicle seasonally adjusted annual selling rate for this month will be 15.2 million, both LMC Automotive/J.D. Power and Associates and TrueCar.com predicted ...
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Mexico car and truck sales - March and YTD
Mexico car and truck sales - March and YTD Sales - Domestic Mexico Domestic Sales March & YTD March March March 3 mos. 3 mos. 3 mos. 2013 2012 % change 2013 2012 % change Chrysler trucks * 1,859 * 2,144 -13% * 5,836 * 6,131 -5% TOTAL CHRYSLER GROUP * 1,859 * 2,144 -13% * 5,836 *
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Dodge banks on Fast and Furious 6 tie-in to rev up Dart sales
Can the coattails of Fast and Furious 6 and its young, devoted male fans give a boost to Dodge Dart sales? Chrysler Group is counting on it. The Dart doesn't have a role in the action-thriller opening nationwide on Friday, but Dodge is betting a Fast and Furious -like commercial and other marketing
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New wave of American design stokes Detroit 3 market share gains
DETROIT (Bloomberg) -- In the dark winter months before General Motors filed for bankruptcy four years ago, its top designer, Ed Welburn, was growing increasingly frustrated with the negative news about the company. He gathered his 300-member design staff in the cavernous domed showroom at the ...
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Daimler, Ford exchange information on gasoline engines
Already collaborating with Ford on the development of fuel cell vehicles, Daimler and the U.S. automaker recently exchanged information about their gasoline engines. Daimler got a closer look at Ford's award-winning three-cylinder EcoBoost engine while Daimler shared details on its stratified ...
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N.H. legislators pass amendments to Dealer Bill of Rights
A bill that would further regulate the relationship between New Hampshire auto dealers and their factories is a step closer to becoming law despite opposition from automakers. The New Hampshire House of Representatives passed a bill Wednesday, 338-30, that would amend the state's Dealer Bill of ...
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Mitsubishi Motors plans to reduce capital to offset losses
TOKYO (Bloomberg) -- Mitsubishi Motors Corp. plans to reorganize its capital to help unload the worst accumulated losses in the automotive industry. The carmaker will decrease its capital by 75 percent to 165.7 billion yen ($1.6 billion) and cancel all of its 433.2 billion yen in capital reserves,
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Audi plans 90% local sourcing in Mexico, says purchasing boss Martens
Audi purchasing chief Bernd Martens says the automaker aims to buy 90 percent of its components for its Mexico factory from local sources. So far no other Audi location has done that. The 150,000-capacity plant, southeast of Mexico City, will build the Q5 crossover for the Americas, Europe and ...
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Volvo marketing boss Speck is leaving; sales VP Visser named successor
Doug Speck, Volvo Car Corp.'s senior vice president for marketing, sales and customer service, is leaving his post effective July 1, the company said today. He will assist with the company's China operations as a consultant through year end. Speck, 54, will be replaced by Alain Visser, 49, vice ...
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Sonic, back in acquisition market, buys 2 stores in Denver
Sonic Automotive Inc. is back in the dealership acquisition market with the purchase of large BMW and Mercedes stores in Denver. Sonic, the nation's third-largest dealership group, said today that it has agreed to purchase Murray BMW of Denver and Mercedes-Benz of Denver from Murray Motor Imports
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Clues to the next Wrangler: See the want ads
Jeep has begun searching for the extra bodies to mount its next big project: the redesign of the Jeep Wrangler. And the job opening descriptions provide some clues as to the changes planned for the off-roader's next generation. This is supposition on my part, of course -- and a Jeep spokesman ...
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Why Victor Muller has painful memories of running Saab
Reports say that the Swedish government wants to question former Saab Chairman Victor Muller as part of an inquiry into suspected tax offenses at Saab. Muller defended payments he received from the automaker in a recent interview with me and talked about how he has moved on from painful memories of
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GM prices Chevy Spark EV below $20,000 after tax credits
DETROIT -- General Motors will price its new Chevrolet Spark electric vehicle at $27,495, including destination charges and before federal tax credits, placing it among the cheapest EVs on the market. GM said today that it kept the sticker price at less than $20,000 after a $7,500 federal tax ...
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Former Saab Chairman Muller to be summoned in tax inquiry, report says
STOCKHOLM (Reuters) -- A Swedish prosecutor wants to question former Saab Automobile Chairman Victor Muller as part of an inquiry into suspected tax offenses at the automaker, a Swedish newspaper reported. Earlier this week Jan-Ake Jonsson, Saab's former CEO, ex-Chief Financial Officer Karl-Gustav
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Lamborghini's Egoista concept highlights edgy design
(Bloomberg) -- Lamborghini's Egoista concept, unveiled earlier this month at the company's 50th anniversary celebration in Bologna, Italy, isn't planned for production, but it does have a purpose: countering critics who think the automaker has lost some of its design edginess. The one-seat ...
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Marchionne will face gov't pressure to commit to Italy
MILAN (Bloomberg) -- The Italian government plans to press Fiat CEO Sergio Marchionne over concerns he's shifting the carmaker and heavy truck manufacturer Fiat Industrial away from the country. Industry Minister Flavio Zanonato told newspaper Il Sole 24 Ore that he will meet with the CEO next week
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Chrysler Versus Tesla (5/24/13)
Automakers engage in war of words over repaying Uncle Sam; Can 'Fast and Furious' tie-in aid Dart?; Lapham: Beater danger.
new action thriller fast and furious six. Juice up sales of the Dodge Dart . Well dodges betting that this fast and furious themed commercial. Will raise awareness of the compact car. After getting off to a slow start last year. The dark ranks ninth out of nineteen compact cars in US sales here today. Just take a look at the competition. Toyota sells three times as many corolla and matrix news and that's where fast and furious six may help. Research firm strategic vision says 67%. Of dark buyers. Our bail vs 47%. For the overall segment. By the way Chrysler's S our team -
LaSorda, Penske launch venture fund for tech startups
DETROIT -- Tom LaSorda, the former CEO of Chrysler Corp. and Fisker Automotive Inc. , has started a new limited partnership private venture capital fund for startup companies in health care, clean energy, transportation, information technology, software and applications. LaSorda, 58, who has named
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BMW hints at superluxury coupe with Pininfarina's touch
CERNOBBIO, Italy -- BMW unveiled a concept for a superluxury coupe to rival the Mercedes CL. The BMW Pininfarina Gran Lusso Coupe -- gran lusso is Italian for superluxury -- marks the first time the famed Italian design house Pininfarina has cooperated with the German automaker. BMW said in a ...
