Former GM U.S. sales and marketing boss Mark LaNeve will become COO of Team Detroit, Ford Motor's advertising agency, the agency said. LaNeve is expected to start within the next two weeks at Team Detroit headquarters in Dearborn, Mich.
On Monday, General Motors announced that the new track-oriented Chevrolet Camaro 1LE lapped Virginia International Raceway in 2 minutes, 58.34 seconds.
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1 Aug, 2012
Air-conditioning faults are costly and all too common, but not if you follow some simple steps
Chevrolet recently took a Camaro SS upgraded with the 1LE package to
Porsche continues to test the much-anticipated 918 Spyder.
Audi's 11.5 percent profit margin may slide if deteriorating economic conditions in austerity-strapped southern Europe keep adding pressure to prices, said Axel Strotbek, the company's finance chief.
One of the biggest untold stories of 2012 is a passenger vehicle sales boom in Japan that just keeps accelerating. The recovery is so strong that on present form, the market will surpass five million units by the end of the year.
Porsche Automobil Holding SE has booked a first half 2012 profit of EUR1.15bn, up from EUR149m the previous year. This is primarily from investments in Porsche Zwischenholding and Volkswagen AG.
TRW Automotive Holdings, the specialist in active and passive safety systems, booked second quarter 2012 net profit of $220m or $1.71 per share, down from $293m and $2.21 a year ago. Sales were flat at $4.2bn.
Delphi Automotive reported a boost in second-quarter earnings on the strength of improving pre-tax margins.
Porsche SE and Volkswagen completed their long-awaited tie-up on Wednesday and analysts see big potential in the move for both companies. On Tuesday, Porsche SE posted a six-month profit of 1.15 billion euros ($1.41 billion).
Mazda reported a narrower fiscal first-quarter loss on demand for more fuel-efficient models in its home market. The net loss was 6.5 billion yen ($83 million) in the three months ended June 30, compared with a loss of 25.
Renault has recruited Thierry Bollore from French supplier Faurecia to head the carmaker's manufacturing and supply chain operations.
In this QUBE interview we hear from Delphi's Wilhelm Steger, chief executive, Delphi Germany, managing director Delphi Infotainment & Driver Interface Europe, Middle East and Africa (EMEA). Addressing Delphi's recent international electronics and safety event at Porsche's test track in Leipzig, Wilhelm Steger and his specialist team for the connected car outlined Delphi's current and future technology solutions for vehicle connectivity.
Chrysler-Fiat CEO Sergio Marchionne expects Chrysler to report a double-digit U.S. sales increase in July over July 2011 when figures are announced tomorrow.
Fiat posted a narrower loss in Europe as CEO Sergio Marchionne cut investment in the region and delayed introduction of new models.
Lexus Division unveiled its new
Honda Motor group net profit surged in the April-June quarter to JPY131.72bn, over four times more than the year before, boosted by brisk car sales in major global markets.
Sales of automotive airbags are set to increase rapidly between 2010 and 2017, forecasts suggest.
SENIOR ROAD TEST EDITOR NATALIE NEFF: The 2013 Infiniti JX35 has one of the most elegant rides I can recall in a while; it just glides over the road like silk on silk.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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