Automakers & Suppliers
Tesla and Chrysler trade barbs about paying back Uncle Sam
3:34 pm U.S. ET | May 23, 2013
Tesla CEO Elon Musk took to Twitter today to respond to Chrysler's barb that Tesla wasn't the first American automaker to repay the federal government for aid.... Read More » Comments [0] | Recommendations [0]
Lasorda, Penske launch venture fund for tech startups
1:00 pm U.S. ET | May 23, 2013
Tom LaSorda, the former CEO of Chrysler and Fisker Automotive, has started a new venture capital fund -- with investors that include auto racing and retailing executive Roger Penske -- that will invest in startup companies in health care, clean energy, transportation, information technology, software and applications.... Read More »| Related topics: | Suppliers | Manufacturing | Shareholder Value | Surveys and Studies | Regulation and Safety | Auto Shows | Cutaways | Final Assembly | Green Car | Executives | Future Product | Vehicle Design | Management Briefing Seminars | Vehicle Technology | Europe Manufacturing | Americas | Asia | Global News | China | Europe | Eastern Europe | Western Europe | New Product | PACE Awards | Talk from the Top | Vehicle Sales |
GM prices Chevy Spark EV below $20,000 after tax credits
12:01 am U.S. ET | May 23, 2013
GM 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.... Read More »Nissan will recall 841,000 vehicles globally due to steering wheel glitch
3:44 am U.S. ET | May 23, 2013
Nissan will recall about 841,000 vehicles worldwide as a result of a steering wheel glitch that could result in a loss of steering. The automaker said no accidents have been reported.... Read More »GM recalls more than 27,000 Cadillac SRXs with possible wheel issue
12:01 am U.S. ET | May 23, 2013
General Motors is recalling worldwide more than 27,000 Cadillac crossover vehicles whose wheels could fall off due to potentially loose wheel nuts.... Read More »Ally to pay ResCap $2.1 billion to settle creditor claims
2:30 pm U.S. ET | May 23, 2013
Ally Financial, 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.... Read More »Former Saab Chairman Muller to be summoned in tax inquiry, report says
3:34 am U.S. ET | May 23, 2013
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.... Read More »Lamborghini's Egoista concept highlights edgy design
12:01 am U.S. ET | May 23, 2013
The Lamborghini Egoista concept shown 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 Lamborghini has lost some of its design edginess.... Read More »Ford to shutter Australia car, engine plants in 2016
8:04 pm U.S. ET | May 22, 2013
Ford, citing high operating costs, falling sales and financial losses, will close its Australian car and engine assembly plants in 2016, ending almost nine decades of manufacturing in the country.... Read More »Tesla pays back balance of DOE loan
10:48 am U.S. ET | May 22, 2013
Tesla Motors said it paid off the entire balance of its federal government loan given as part of a Department of Energy program to spur development of alternative energy vehicles.... Read More »Ford, Chrysler to reduce summer shutdowns at most N.A. plants
12:01 am U.S. ET | May 22, 2013
Ford Motor and Chrysler Group said today they are scaling back annual summer production shutdowns this year in hopes of boosting output of key models in North America. General Motors declined to disclose specific summer plans.... Read More »Michael Stanton, longtime D.C. advocate for automakers, to retire in 2014
11:50 am U.S. ET | May 22, 2013
Michael Stanton, a longtime lobbyist and a driving force for automakers in public policy, plans to retire as president and CEO of the Association of Global Automakers in early 2014.... Read More »Production Data
Inventories
GM moving treasury office to Detroit headquarters from New York
9:35 am U.S. ET | May 22, 2013
GM said it will move its treasury office to its Detroit headquarters from New York in mid-2014, affecting about 70 employees.... Read More »Gentex CFO leaves but will work with supplier as consultant
4:02 pm U.S. ET | May 22, 2013
Gentex, a maker of rearview mirrors and electronics parts, said its CFO and vice president of finance has left the company but will remain a consultant with the supplier.... Read More »Lutz's VL Automotive, Chinese supplier bid $20 million for Fisker, report says
2:02 pm U.S. ET | May 21, 2013
A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer of $20 million to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters today.... Read More »Ford to maintain Canadian factory footprint despite high labor costs
12:49 pm U.S. ET | May 21, 2013
Ford is confident it can preserve its manufacturing profile in Canada despite uncompetitive operating costs tied to the high Canadian dollar, the company's top executive in the country said today.... Read More »Two Denso executives to plead guilty to price fixing, U.S. says
10:54 am U.S. ET | May 21, 2013
Two executives at Toyota-affiliated supplier Denso have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the federal Justice Department said today.... Read More »Subaru Forester tops Honda CR-V in small SUV review
9:38 am U.S. ET | May 21, 2013
The Subaru Forester small SUV beat the Honda CR-V and other rivals in testing by Consumer Reports, which ranked the model as its top pick in that segment.... Read More »Former Saab CEO Jonsson, two other execs arrested on tax charges
7:04 am U.S. ET | May 21, 2013
Three former Saab executives, including former CEO Jan-Aake Jonsson and Chief Financial Officer Karl-Gustav Lindstroem, were arrested by Swedish prosecutors in an accounting-fraud probe.... Read More »Marchionne apologizes for 'wop engine' comment
11:44 am U.S. ET | May 21, 2013
Chrysler-Fiat CEO Sergio Marchionne has issued a written apology to an Italian-American anti-bias organization for saying at the Detroit auto show that an Alfa Romeo needed a "wop" engine.... Read More »
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Special Report
 Toyota's Lentz: Camry in a 'three-horse race'Toyota's Jim Lentz says the Camry will fend off main rival Honda Accord and upstarts such as the Ford Fusion... Mon., May 20» Watch the Video |
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