The popularity of subcompact SUVs is one of the bright spots in Europe's auto-sales slump and mass-market carmakershave been quick to join this growing segment.
Toyota appointed former General Motors executive Mark Hogan to its board, installing the first foreigner since 2007 and the first outside director ever in an attempt to breathe fresh perspective into the mammoth Japanese carmaker.
Pan-European union body, Industriall, says the automotive sector must adapt or there ''won't be one', maintaining the industry in Europe will not return to the heady days of pre-2007.
The LaFerrari is one of the most electrifying debuts at this year's Geneva show, and not only because of its sleek carbon-fiber body or its top speed of more than 350 km/h.
As heralded earlier, Toyota president Akio Toyoda has announced a major restructure of the company and management team that sees the old-order chairman take an 'honorary' role, gives lower level executives more local authority and autonomy and divides the company into four divisions.
Last year, Japanese manufacturer Falken released five new tyres, developed three new OEM partnerships and continued its involvement in motorsport with the Nürburgring 24 Hours. Continuing just-auto's series of interviews with major tyre makers, Matthew Beecham talked with Falken's UK and Ireland Director, Matt Smith to take stock on the company's business.
Automakers joined growing opposition to Europe's austerity measures. Renault CEO Carlos Ghosn urged government spending to revive the region's anemic sales, which he forecast won't recover for another three years.
Fiat and Chrysler CEO Sergio Marchionne said he is in talks with banks about financing a merger of the two automakers.
Fiat- Chrysler CEO Sergio Marchionne said he is in talks with banks about financing a merger of the two automakers. The deal would involve purchasing the 41.5 percent of Chrysler that Fiat doesn't own.
BMW and Daimler are shrugging off the European auto-market decline as sales growth in China and the United States pushes their luxury-car production to maximum rates.
Ford is downplaying sales expectations of the EcoSport subcompact SUV in Europe, admitting it was designed with emerging markets in mind.
Ford CEO Alan Mulally this week was awarded performance bonuses worth nearly $12 million, Ford disclosed to U.S. regulators on Tuesday.
News
6 Mar, 2013
The A-Class platform will be used for new SUV and Shooting Brake models
To see the constant tension at automakers between sales volumes and profit margins, look no further than the current state of Toyota's Camry. A rare dip in U.S. sales for the Camry last month reflects rising competition for Toyota.
A source within the Volkswagen Group has confirmed to just-auto that Audi and Porsche will launch new models at next month's Shanghai motor show.
General Motors' world premieres for the forthcoming New York auto show have been revealed to just-auto.
News
5 Mar, 2013
Suzuki has revealed an all-new version of the SX4 at Geneva, and it's set to rival the Nissan Juke
The UAW hoped to steal some of Nissan's limelight at the Geneva auto show today by holding a press conference there to accuse Nissan of mistreating its nonunion U.S. factory workers.
Eight top GM executives have been awarded more than 324,000 restricted stock units that vest over the next three years, according to regulatory documents filed today.
Volvo is counting on four refreshed nameplates and a new safety feature to help sustain sales until the brand can launch a more complete overhaul of its lineup in a few years.
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