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May
12th

Mazda chairman sets retirement with and#8216;recoveryand#8217; in sight

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Hisakazu Imaki, who was the first Japanese CEO of Mazda Motor Corp. after a string of Ford-assigned chiefs, will retire next month as chairman. His post will be assumed by Mazda CEO and President Takashi Yamanouchi, 65. Full story...
May
12th

and#8216;Officially road legaland#8217;–but just barely: BMW releases more details on the M3 GT3:

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We love how BMW describes the M3 GTS: perfect for the track yet and#8220;officially road legal.and#8221; Full story...
May
12th

Opel’s future remains unclear after Berlin meeting

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A German committee that met on Wednesday on the issue of state help to Opel made progress, the Economy Ministry said, but it was unclear whether it would support the aid request for the General Motors Co. unit. Full story...
May
12th

Chrysler names D.C. lawyer as top lobbyist

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Chrysler Group has named Jody Trapasso its top corporate lobbyist. As senior vice president of external affairs, Trapasso will direct Chryslerand#8217;s government relations on international, federal and state levels. Full story...
May
12th

Lincoln Mercury gets Jaguar exec as new marketing boss

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Ford Motor Co., seeking to boost demand for its lowest-volume brands, has named a marketing chief for Lincoln Mercury for the first time in almost two years. C.J. O'Donnell, the new group marketing manager, comes from Jaguar. He was the U.K. Full story...
May
12th

2011 Jeep Grand Cherokee to start at less than $33,000 for four-wheeler:

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Perhaps the most important vehicle to be launched by Chrysler this year, the 2011 Jeep Grand Cherokee, will start at a price that's a shade less than $33,000 for a four-wheel-drive model. The base model with two-wheel drive is $30,995. Full story...
May
12th

Hyundai picks Perry as its top marketing executive, replacing Ewanick

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Chris Perry has been named vice president of marketing at Hyundai Motor America, replacing Joel Ewanick. Perry, 49, has been Hyundaiand#8217;s interim head of marketing since March, when Ewanick joined Nissan North America. Full story...
May
12th

Judge gives Visteon reorganization plan more time

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A bankruptcy judge in Delaware has granted auto parts supplier Visteon more time to win support for its reorganization plan. The judge granted the company's s request today over objections from shareholders who want to submit an alternative plan. Full story...
May
12th

2011 Jeep Grand Cherokee to start at less than $33,000:

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Perhaps the most important vehicle to be launched by Chrysler this year, the 2011 Jeep Grand Cherokee, will start at a price thatand#8217;s a shade less than $33,000. Full story...
May
12th

The hottest Porsche 911 is revealed, and NASCAR unveils the Hall of Fame, in News Brake for Wednesday, May 12:

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In News Brake: The Porsche 911 GT2 RS is revealed, Hyundai tries to pick up a vehicle from Chrysler, and NASCAR cuts the ribbon for the new Hall of Fame . . . But Wait, There's More! Full story...
May
12th

Ford plant incentives on front burner for Missouri leaders

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Gov. Jay Nixon and Missouri House leaders are making a final push for incentives they say are important to keeping a Ford Motor Co. assembly plant in the Kansas City area. Full story...
May
12th

Ferrari looks at layoffs, cuts back production:

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We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Full story...
May
12th

US: Johnson Controls sees substantial revenue rise

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Johnson Controls chief executive Steve Roell has told a US conference the battery, interiors and building controls specialist expects its auto revenues would grow "substantially" over the next five years as markets recover and developing markets expand, and as the company gains market share. Full story...
May
12th

CHINA: Plastics supplier’s Q1 profits soar

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Auto industry supplier China XD Plastics has reported first quarter 2010 gross profit up 106.7% year on year to US$11.9m on record $50m revenue, a rise of 89.6%. Full story...
May
12th

TURKEY: Vehicle output surges on higher exports

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Turkey's Automotive Industry Association (OSD) has reported a surge in vehicle production during the first four months of the year. Full story...
May
12th

CHINA: Cooperation leads to FWD eight-speed automatic

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China's first eight-speed automatic transmission, developed by Shengrui Transmission in Weifang city, Shandong province, has reached prototype form and been launched to the market. Full story...
May
12th

Toyota’s U.S. lobbying tab falls, thanks to disclosure loophole

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Despite a congressional frenzy over Toyota's safety recalls, the besieged automaker reports that it spent substantially less money lobbying lawmakers during the first three months of this year than it did during the same period in 2009. Full story...
May
12th

US: More scale needed to drive EV battery costs down – JCI CEO

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Efforts to slash the cost of electric vehicles have been hampered by a lack of standardised batteries, potentially limiting early adoption by consumers, the head of Johnson Controls has said. Full story...
May
12th

2010 Mazda 6 i Touring Plus, an AW Drivers Log:

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COPY/PRODUCTION CHIEF WENDY WARREN KEEBLER: I like this version of the Mazda 6 quite a lot. It has a premium feel to it, in terms of interior appointments, comfort and a smooth, quiet ride. Full story...
May
12th

MARKET SNAPSHOT: Good growth prospects for Vietnam car market

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Vietnam's automotive industry rode a rollercoaster in 2009 as increased taxes brought sales down earlier in the year, only for tax cuts on passenger cars to inflate segment sales in the latter months of the year. Full story...
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