Automakers & Suppliers
 

New wave of American design stokes Detroit 3 market share gains

12:01 am U.S. ET | May 25, 2013
From the fires of Detroit's descent into near-death, GM, Ford and Chrysler have forged some of the most distinctive designs since tailfins were soaring in the halcyon days of the postwar-era. Models such as the Cadillac ATS sports sedan, Ford Fusion family car and Jeep Grand Cherokee are turning heads and stoking sales.... Read More »
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BMW hints at new superluxury coupe with Pininfarina's touch

1:13 pm U.S. ET | May 24, 2013
BMW unveiled today a concept for a superluxury coupe to rival Daimler's Mercedes-Benz CL model. 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.... Read More »
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Henrik Fisker joins Hong Kong tycoon on Fisker bid, report says

10:59 am U.S. ET | May 24, 2013
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.... Read More »
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Volvo marketing boss Speck is leaving; sales VP Visser named successor

10:03 am U.S. ET | May 24, 2013
Doug Speck, Volvo's senior vice president for marketing, sales and customer service, is leaving his post effective July 1, the company said today. Speck, 54, will be replaced by Alain Visser, 49, vice president of sales and marketing, the company said.... Read More »
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Daimler, Ford exchange information on gasoline engines

12:01 am U.S. ET | May 24, 2013
Daimler strengthened ties with Ford after consulting with the automaker on its three-cylinder turbo gasoline engine, which it is building with Renault for the next Smart and Twingo cars. Daimler and Renault are already collaborating with Ford in the development of fuel cell vehicles.... Read More »
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Ford to retain 1,000 jobs at French plant after deal

3:50 pm U.S. ET | May 24, 2013
Ford plans to retain 1,000 jobs at a plant in southwest France after striking a deal today with local authorities to share the burden of new investments needed to keep the factory operating.... Read More »
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Mitsubishi plans accounting change to clean up balance sheet

3:04 am U.S. ET | May 24, 2013
Mitsubishi Motors' board today announced plans for an accounting change that will help unload the worst accumulated losses in the automotive industry. The move is designed to help Mitsubishi -- which stopped paying dividends in 1998 -- shore up its balance sheet and resume returning cash to shareholders.... Read More »
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Stuart Frey, former Ford VP, dies at age 88

1:51 pm U.S. ET | May 24, 2013
Stuart Frey, a former vice president of Ford Motor, has died at the age of 88. He died March 6 in Ann Arbor, Mich., according to his family.... Read More »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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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 »
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