Executives

Mercedes sales rise 18% in August on China surge

Sept. 4, 2015 15:28 CET

Mercedes' brand sales increased 18 percent in August, marking the 30th consecutive month of record sales at the automaker. Demand was particularly robust in China, where sales rose 53 percent. Eight-month brand sales were up 15 percent to 1.18 million....
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CHRISTIAAN HETZNER

BLOG: Piech gets his way by blocking Winterkorn as his successor

5:25 am U.S. ET | Sept. 4, 2015

Ferdinand Piech looks to have prevailed in the end. The former VW patriarch sparked a showdown with CEO Martin Winterkorn in April with the aim of preventing Winterkorn from succeeding him as chairman. Now Hans Dieter Poetsch, VW's finance chief, will take Piech's former role....
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VW's unassuming CFO emerges from boardroom wars as chairman

Sept. 4, 2015 08:22 CET

Hans Dieter Poetsch, VW's finance chief, faces a massive task in his future role as chairman of the automaker to maintain the support of the often-divided stakeholders while improving the carmaker's profitability. Analysts and observers wonder whether his likely consensus-oriented approach is what VW needs right now....
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CHRISTIAAN HETZNER

BLOG: Piech gets his way by blocking Winterkorn as his successor

5:25 am U.S. ET | Sept. 4, 2015

Ferdinand Piech looks to have prevailed in the end. The former VW patriarch sparked a showdown with CEO Martin Winterkorn in April with the aim of preventing Winterkorn from succeeding him as chairman. Now Hans Dieter Poetsch, VW's finance chief, will take Piech's former role....
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Continental's finance chief calls China stock effect an 'overreaction'

Sept. 4, 2015 12:31 CET

Continental's finance chief, Wolfgang Schaefer, called last week's China-related global stock slide an "overreaction" and said he still sees growth in the nation's auto industry next year....
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Jaguar offers free maintenance, cuts prices in U.S.

10:30 am U.S. ET | Sept. 3, 2015

Jaguar is lowering its prices and rolling out free scheduled maintenance in the United States to remove what customers cite as key reasons consumers reject the British brand: high purchase and maintenance costs....
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VW finance chief Poetsch proposed as next chairman

Sept. 3, 2015 14:54 CET

Volkswagen Group's controlling parent company, Porsche Automobil Holding, said it has proposed Hans Dieter Poetsch as chairman of Volkswagen's supervisory board, a post that Ferdinand Piech quit earlier this year....
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TrueCar inks partner deal with Sam's Club

3:01 pm U.S. ET | Sept. 3, 2015

TrueCar gained a key ally today with the announcement that it will partner with Sam's Club to offer members access to a new-car buying program. The Auto Buying Program will allow Sam's Club -- a membership-only warehouse division of Wal-Mart Stores Inc. -- to offer targeted savings through TrueCar on specific brands....
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Mercedes is working on Tesla Model S fighter, r&d chief tells paper

Sept. 3, 2015 12:08 CET

Mercedes is working on an electric car to compete with the Tesla Model S and the vehicle will be launched "soon," the automaker's development chief, Thomas Weber, told a German auto magazine....
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Tesla will begin deliveries of Model X on Sept. 29

Sept. 3, 2015 11:17 CET

Tesla will begin delivering its Model X electric crossover at the end of the month. The Model X will launch with a premium-priced special version called the Signature series that will cost between $132,000 and $144,000....
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Nissan marketing exec Mohnke adds U.S. sales duties

11:50 am U.S. ET | Sept. 2, 2015

Nissan North America's chief marketing officer Dan Mohnke will add U.S. sales to his responsibilities beginning today, the automaker said in a news release....
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Former Saab CEO charged with giving false testimony

Sept. 2, 2015 16:44 CET

Former Saab Automobile CEO Jan Ake Jonsson was charged with giving false testimony when the aftermath of the Swedish automaker's bankruptcy played out in court....
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Maserati dealer sues factory, alleging padded sales

3:04 pm U.S. ET | Sept. 2, 2015

A Maserati dealer has sued Maserati North America, saying the auto company insisted the dealership misrepresent sales, reporting 2014 vehicle sales as much as quadruple what they actually were, and discriminated against dealers who refused to participate, according to a complaint filed Friday, Aug. 28....
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AutoNation August sales drop 5% on calendar quirk

11:38 am U.S. ET | Sept. 2, 2015

AutoNation’s U.S. new-vehicle retail sales fell by 5 percent from a year prior to 31,032 vehicles in August, a decline driven largely by a drop in import sales and the Labor Day weekend falling completely in September this year....
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Navistar reports a surprise Q3 loss amid U.S. investigation

2:52 pm U.S. ET | Sept. 2, 2015

Navistar International, the truck- and engine-maker that counts Carl Icahn as its biggest investor, posted a slight third-quarter loss when analysts had projected a profit....
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Bill Ford says health care co-op possible in UAW talks

12:42 pm U.S. ET | Sept. 2, 2015

Ford Motor Executive Chairman Bill Ford said the company is considering a health-care co-op, an issue the UAW has raised in negotiations on a new contract....
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VW plans to extend CEO Winterkorn's contract until 2018

Sept. 2, 2015 10:02 CET

Volkswagen plans to extend the contract of CEO Martin Winterkorn until the end of 2018, a victory for the executive after he clashed with former Chairman Ferdinand Piech....
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CHRISTIAAN HETZNER

BLOG: VW should strengthen oversight of CEO Winterkorn

9:55 am U.S. ET | Sept. 2, 2015

VW Group should strengthen oversight of CEO Martin Winterkorn, who is set to receive a two-year contract extension, by appointing Qatar Airways CEO Akbar Al Baker to its steering committee....
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Hyundai brings back Nissan's Hatami as U.S. sales chief

8:00 am U.S. ET | Sept. 2, 2015

Derrick Hatami, who left Hyundai last January to become U.S. sales chief at Nissan, will return to Hyundai to fill the company's new vacancy for a U.S. sales chief....
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Volvo sales rise 3% in August as U.S. demand offsets slowing China

Sept. 2, 2015 11:38 CET

Volvo's global car sales rose 3.2 percent in August as strong growth in the U.S. helped offset a continued slide in China, which has been hit by slowing growth and stock market turmoil....
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Jeep Wrangler to stay in Toledo, Cherokee leaving, Wrangler-based pickup coming

11:00 am U.S. ET | Sept. 1, 2015

Fiat Chrysler has decided to keep making the Jeep Wrangler in Toledo, Ohio, move production of the Jeep Cherokee to a nearby state and build a Jeep pickup. The news comes after 11 months of uncertainty about the fate of Wrangler production in its historic home....
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Ford's U.S. retail volume best since '06

1:30 pm U.S. ET | Sept. 1, 2015

Ford Motor Co. had its best retail-sales month since March 2006 in August, selling 183,467 vehicles in the U.S. Ford posted its highest F-series number of the year and gains of at least 20 percent for five crossover and SUV nameplates....
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Hyundai's U.S. sales chief Pradzinski departs abruptly

1:09 pm U.S. ET | Sept. 1, 2015

Bob Pradzinski, the No. 2 sales executive at Hyundai Motor America behind CEO Dave Zuchowski, has left the company, Hyundai said today. There was no immediate word on a successor for that post. Pradzinski, 55, was a 26-year Hyundai veteran....
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Tesla names new Germany chief amid slow sales

Sept. 1, 2015 06:01 CET

Tesla named a new top executive in Germany, where the U.S. electric car maker is struggling to gain a foothold....
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Suzuki will defend its independence after 4-year dispute with VW ends

Aug. 31, 2015 11:14 CET

Suzuki plans to defend its hard-won independence after arbitrators upheld the Japanese automaker's request to terminate a 2009 agreement with Volkswagen. VW will sell its 19.9 percent Suzuki stake, valued at about $3.8 billion....
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