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Dec
6th

Ford VPs Kenneth Kent, Joe Bakaj, Bill Russo to retire

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The automaker's treasurer, head of European product development and Asia Pacific manufacturing chief will leave at the end of December.
Dec
6th

New appointments show what Manley has learned about Fiat Chrysler management

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With his appointment of two outsiders to key executive roles at FCA, CEO Mike Manley has made it abundantly clear that he has learned another tough lesson from his late boss, Sergio Marchionne.
Dec
6th

Fiat Chrysler to convert idled Mack II engine plant in Detroit engine plant to build Jeeps, reports say

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Fiat Chrysler Automobiles plans to reopen its long-idled Mack II engine plant in Detroit as an assembly plant to build three-row Jeep SUVs, The Detroit News and CNBC reported today, citing multiple sources familiar with the plans.
Dec
6th

Why the FTC is sending $3.5 million to Sage Auto Group customers

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The Federal Trade Commission said it will mail out 43,456 checks totaling more than $3.5 million for customers that fell prey to Sage Auto Group's deceptive practices from 2014 to 2016.
Dec
6th

Lyft formally signals plans to go public

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Lyft filed confidentially for an initial public offering of stock, pulling out ahead of Uber Technologies in the race among ride-hailing companies to go public.
Dec
6th

Subprime auto lending hits 11-year low

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Despite an increase in subprime loan volume in the third quarter, subprime market share hit its lowest level in more than a decade, according to Experian.
Dec
6th

Superfast Lexus RC F Track Edition to debut at Detroit auto show

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Lexus plans to unveil a new superfast coupe at the Detroit auto show in January, just months before it hits the market.
Dec
6th

Mercedes sets November sales record

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Daimler's Mercedes-Benz said it had set a new sales record towards the end of this year despite a volatile market environment with November sales up 1.5% year on year to 198,545 vehicles.
Dec
6th

Daimler/BMW mobility JV delayed

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Daimler said its planned joint mobility company with BMW would now be established at the beginning of next year rather than in what's left of 2018.
Dec
6th

Continental opens Taraxagum Lab Anklam research laboratory for Dandelion rubber

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Continental has officially inaugurated its research laboratory Taraxagum Lab Anklam in Mecklenburg-Western Pomerania, Germany.
Dec
6th

FCA hires Mark Stewart, former vice president of operations for Amazon, as chief operations officer

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After nearly a decade of developing and renewing its leadership team internally, Fiat Chrysler has hired a pair of outsiders #8212; including a high-ranking Amazon executive #8212; for leading roles in its most profitable region.
Dec
6th

VW brand sales down 5% in November

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Volkswagen says it delivered 564,500 vehicles throughout the world in November, some 5% less than in November 2017.
Dec
6th

FCA names more new managers

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Fiat Chrysler Automobiles CEO Mike Manley has named more new managers following an initial announcement early October ?after the death of Sergio Marchionne.
Dec
6th

Ford’s Venezuela unit offers buyouts as output dwindles – report

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Ford is offering buy-outs to staff at its moribund plant in Venezuela to reduce its payroll, two union leaders told a news agency, as the automaker seeks to streamline its money-losing South America operations.
Dec
6th

West European car market down 8.3% in November

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The West European new car market fell by 8.3% year-on-year (YoY) in November according to data released by LMC Automotive, which described the result as 'disappointing'.
Dec
6th

Drivers travelled a record number of miles in the UK in 2017

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Traffic
News 6 Dec, 2018

Government figures show Brits travelled 327 billion miles last year, while car greenhouse gas emissions fell despite rising traffic levels

Dec
6th

Barra vows “open mind” on Ohio plant axe

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General Motors chief executive Mary Barra has vowed to keep an "open mind" about the future of an Ohio plant that will lose vehicle production, but warned the Detroit automaker has excess capacity and did not suggest the company was reconsidering the plan, a media report said.
Dec
6th

UK skills challenge as CASE demand soars – propulsion Professor

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Skills shortages in the UK's connected, autonomous, shared and electric (CASE) sector should not lead to a cannibalisation of staff between companies as demand for specific disciplines rises says a British University Professor.
Dec
6th

Volkswagen to reduce model count and increase vehicle costs

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Volkswagen Golf - Front Motion
News 6 Dec, 2018

Volkswagen has announced that savings of 3 billion euros will be made by the end of 2020, while vehicle prices will rise

Dec
6th

Autoliv expects another EC fine

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Autoliv said it was expecting a further fine following the European Commission's investigation of suppliers of occupant safety systems.
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