Former Group 1 and RML Automotive 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.
News
24 Oct, 2014
Audi poised to ditch endurance racing and touring cars in favour of assault on F1 from 2016
If I had to think of one adjective to describe this week's autobiz news, 'interesting' is as good a fit as any. Bit of this, bit of that.
Ford Motor Company on Friday (24 October) reported 2014 third quarter pre-tax profit down $1.4bn year on year to $1.2bn though it was nonetheless the automaker's 21st consecutive profitable quarter.
News
24 Oct, 2014
The clocks go back at 2am on Sunday 26th of October. Protect cyclists and pedestrians with these winter road safety tips
News
24 Oct, 2014
New spyshots show the next BMW X5 M with a mild disguise while BMW releases a teaser video showing this and new X6 M
It's as if the Cold War never went away.
Lear, which supplies auto seats and electrical power systems, today reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production.
Delphi Automotive today reported a 12.5 percent rise in quarterly profit as demand for its auto parts rose in Asia and North America.
Making use of its new 9,600 units a year quota limit for additional IPI excise tax exemption, Honda is, for the first time, importing the Civic Si 2-door coupe version - from Canada.
Ford's third-quarter pretax operating profit tumbled 54 percent from a year earlier to $1.18 billion, hurt by lower sales volume and higher warranty costs. Net income was $835 million, down 34 percent, Ford said in a statement today.
Ford CEO Mark Fields today delivered the first report card on his performance since taking over for Alan Mulally. He gave every sign that he'll have more to show off next year.
Ford's third-quarter pretax operating profit fell 54 percent, hurt by lower sales volume and higher warranty costs. Ford was profitable in North America and Asia Pacific, but lost money in Europe, South America and Middle East and Africa.
US aluminium company Novelis is ramping up production at its new automotive aluminium sheet plant in Changzhou, in China's Jiangsu province, to meet growing demand from the country's automakers.
In the latest development in the Takata airbag saga, Nissan Motor said it is recalling 260,000 vehicles globally due to a defect in driver-side air bags made by the supplier.
Last week saw Scandinavian automotive supplier body FKG's Annual Forum in Gothenburg, bringing together more than 400 component producers, politicians and union leaders. Just-auto was there and here is a quote snapshot of what is always a fascinating and lively conference organised by the tireless FKG.
Former Ford PR chief Jason Vines, a key lieutenant of CEO Jacques Nasser at the time, says the company bugged his telephone during the company's 2001 Firestone tyre crisis.
Opel/Vauxhall is on track to achieve a turnaround despite headwinds from Russia and a wider third-quarter loss, parent GM says. New models such as the Corsa will give the division a boost in the months ahead.
The defect in Takata Corp. airbags that has led to millions of recalls and has been linked to four deaths in Honda cars opens the supplier to risk of losing business to rivals including Autoliv and Daicel.
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