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Russia may extend car-buying subsidy scheme into 2015
MOSCOW (Reuters) -- Russia may extend incentives for new-vehicle purchases beyond 2014, the Industry and Trade Ministry said, in an effort to help the car industry weather an economic downturn. The ministry said in a statement the scheme could be extended into 2015, citing industry minister Denis
Rick Case to sell first N.A. 2015 Alfa Romeo 4C for charity's sake
The first new Alfa Romeo to be sold in this country in 20 years will be auctioned next week for charity. That's thanks to Rick and Rita Case, owners of Rick Case Automotive Group in Fort Lauderdale, Fla. Rick Case says his Alfa Romeo dealership in Davie, Fla., is the first store to receive one of
North America production downtime overtime - 10/27/14
North America production downtime overtime - 10/27/14
7.73 7.68 7.75
Week ending Aug. 16
Toledo (Ohio) North truck
Toledo (Ohio) Supplier Park truck
Ford Motor Co.
Kansas City (Mo.) Truck truck
Kentucky Truck (Louisville) truck
Cadillac full speed ahead in China
WUHAN, China -- Despite slowing sales growth in China, General Motors is doubling down on the country with a bold expansion plan that could make it Cadillac's biggest market within six years. The investment blitz channels $14 billion into China, the world's biggest car market, from 2014 through ...
Porsche cashes in on turnaround with consultancy business
BERLIN (Reuters) -- Just as sports car fans adore the iconic 911, so company bosses are in awe of Porsche's industry-leading profit margins, allowing it to develop a consultancy business with a growing list of high-profile clients keen to find out how it's done. British Airways, German software ...
Ford plans to overhaul Lincoln with $5 billion push, report says
DETROIT (Reuters) -- Ford Motor Co.'s new CEO, Mark Fields, is giving the automaker's long-moribund Lincoln brand what his predecessor Alan Mulally never could: a little love and a lot of cash. Lincoln, a storied Detroit brand which Ford has owned since 1922, has been in a swoon for the past two ...
Renault exec sees fuel-efficient Eolab concept selling for same price as a Clio
PARIS -- Renault could sell the Eolab ultra fuel-efficient concept for a similar price to a diesel-powered Clio if it decided to build the car, Thierry Bollore, the company's chief competitive officer, said. Renault has not said whether it will build the Eolab, which the automaker unveiled at the
China has room for PSA's upscale DS brand
PSA/Peugeot-Citroen's upscale DS brand is on track to be successful in China because of consumer demand for French luxury goods -- but it is not a serious rival to the German premium brands. French luxury goods are hot items among a burgeoning middle and upper middle class of consumers in China and
GM wins appeal, dismissal of Spyker lawsuit upheld
NEW YORK (Reuters) -- General Motors Co. persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. The 6th U.S. Circuit Court of Appeals in Cincinnati today said Spyker
F-150 Launch On Track (10/24/14)
Ford CEO: 'We are exactly where we expected to be at this point'; Nissan taxi fight in NY; AutoNation's bowl game.
Hyundai lessee wins new trial over sunroof with mind of its own
The owner of a Hyundai Genesis with a sunroof that repeatedly opened and closed on its own has won a new trial in his lawsuit against Hyundai Motor America and the California dealership from which he leased the car. A three-judge panel of the California Court of Appeal authorized a second trial ...
Rivals see Buffett as just another competitor
Warren Buffett's entry into automotive retailing may mean more overall competition for acquisitions, but public dealership groups expect no interruptions to their growth plans. The deal by Buffett's Berkshire Hathaway Inc. to purchase Van Tuyl Group, the industry's largest private dealership group,
Takata's airbag crisis may spur automaker shift to Autoliv, Daicel
TOKYO (Bloomberg) -- The defect in Takata Corp. airbags linked to four deaths in Honda cars opens the supplier to risk of losing business to rivals including Autoliv and Daicel in a crucial portion of the market for the safety devices. The market for airbag inflators -- the component at the root of
GM to auction equipment from Opel's Bochum factory
General Motors' Opel unit next month will auction tooling from its plant in Bochum, Germany. GM is shutting the factory to reduce its excess capacity in Europe and help return its operations in the region back to profit. Bochum will make its last vehicle on Dec. 12, according Maynards, the auction
Autoliv lowers sales outlook but says Takata woes are helping its business
STOCKHOLM (Reuters) -- Autoliv posted a fall in third quarter earnings and lowered its outlook for 2014 sales growth, while saying it has seen positive effects on its business in the wake of recent issues with Japanese parts maker Takata's air bags. "We have seen business come our way as a ...
NHTSA's botched airbag recall leaves car owners in dark
WASHINGTON -- The National Highway Traffic Safety Administration botched its effort to inform the public about a potentially lethal airbag defect, directing 8 million consumers to an inoperable website and leaving millions of others unsure as to whether their cars were even at risk. For more than
Lotus names Carr as new design chief
LONDON -- Lotus Cars design boss, Donato Coco, a former head of design at Ferrari, will leave the UK sports car maker. Lotus's current design manager, Russell Carr, will replace Coco as design chief on Nov. 1, the company said. Coco was recruited from Ferrari in 2009 by former Lotus CEO Dany Bahar,
Japanese automakers drive UK car industry's rebound
Jaguar, Rolls Royce, Land Rover, Mini, MG. The pantheon of British automakers has a storied history, but it is not exactly populated with big-volume world-beaters. And its recent history has been darkened by years of decline in which many of these household brand names were bought and sold by ...
Fiat Chrysler's targets seen at risk as N.A. still pressured
MILAN/DETROIT (Reuters) -- Fiat Chrysler Automobiles could find it tough to meet its 2014 profit guidance and may cut forecasts when it reports quarterly results next week as slowly recovering North America profit margins may fail to fully offset weakness in Europe and Latin America. The group ...
Nissan expands Takata airbag recall by 260,000 units worldwide
TOKYO (Bloomberg) -- Nissan Motor Corp. expanded a global recall of cars using Takata-made airbags, which have been linked to four deaths in Honda Motor Co. cars. The recalls did not affect any U.S. cars. They included Nissan's March model, called Micra in Europe, and the Cube, a Nissan spokesman
Honda, after 5th Fit recall, appoints first quality czar; top execs take pay cut
Editor's note: This report has been corrected. The HR-V is the compact crossover that will be built in Honda's new plant in Mexico. Also, Fukuo's new responsibilities will not includeandnbsp;large-vehicle development or advanced drivetrain projects as earlier reported. TOKYO -- Honda Motor Co., ...
GM operating profits fall 14% in Q3 on flat revenue
DETROIT -- General Motors' record prices in North America and booming sales in China weren't enough to offset weakness in just about every other region, as GM's third-quarter operating profit fell 14 percent. GM said today that its operating profit in North America surged 12 percent, to $2.45 ...
Opel on track to achieve turnaround, GM says
FRANKFURT -- General Motors says troubled Opel/Vauxhall unit is on track to achieve a turnaround despite headwinds from Russia. GM said on Thursday that third-quarter losses at its European operations, which mainly comprise Opel and British sister brand Vauxhall, widened to $387 million from a $238
Asbury names former Group 1, RML exec David Hult COO
ATLANTA -- Former Group 1 and RML Automotiveandnbsp;executive David Hult will become the next COO of Asbury Automotive Group Inc. as the public retailer expands a used-car store initiative and looks to grow through acquisitions. Hult, 49, will join Asbury on Nov. 3. Asbury had been looking for a ...
Rolls-Royce names BMW exec interior design chief
BMW Group named Daniel Starke as Rolls-Royce head of interior design, a role he previously held at BMW's i electric and plug-in hybrid vehicle subbrand. Starke succeeds Alan Sheppard, who is now Rolls-Royce's head of color, materials and accessories design. Starke's "design experience, proven track