Subaru will unveil a hybrid version of its Subaru XV Crosstrek small crossover at next week’s New York auto show. The car will be the brand’s first gasoline-electric vehicle and employ technology based on Toyota Motor Corp.’s hybrid system. Subaru did not say when the car hits showrooms, but the company has promised first deliveries […]
The biggest car dealership groups swallowed a bigger share of U.S. auto sales last year. New-vehicle retail sales for the top 125 dealership groups grew a collective 19 percent in 2012, while the whole U.S. market rose 13 percent. Tallying just the 113 dealership groups that were on the list for both 2012 and 2011, […]
Harald Krüger, the Board of Management member currently responsible for the MINI, BMW Motorrad and Rolls-Royce brands and BMW Group Aftersales, will take over from Frank-Peter Arndt, the Board of Management member currently responsible for Production, as he leaves in April.
PSA Peugeot-Citroën has signed an agreement with Agromash Holding for the assembly and distribution of the passenger cars and light commercial vehicles in Kazakhstan. Agromash Holding is one of Kazakhstan’s largest producers of vehicles and agricultural equipment. According to the agreement, Agromash will start building the vehicles this coming June and these will include Peugeot […]
Toyota promotes several U.S. executives as it increases the responsibility of its North American leadership within the parent company, effective April 1. James Lentz, president and CEO-Toyota Motor Sales U.S.A., is named CEO of Toyota’s North America Region. He also becomes a senior managing officer of the Japanese parent company and president and CEO-Toyota Motor America.
There is increasing sentiment among some Fordemployees that it’s too late to save the Lincoln luxury brand, despite recent announcements that four new products would debut over the next four years. Ford CEO Alan Mulally recently said Lincoln remains an integral part of Ford’s global ambitions. But in 2007, shortly after arriving from Boeing, Mulally expressed a […]
Henrik Fisker, founder and executive chairman of struggling plug-in hybrid vehicle maker Fisker Automotive, has resigned. In an e-mail today to Automotive News, Fisker said: “The main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy.”
Cadillac is considering naming a longtime General Motors partner, Campbell Ewald, to become its new advertising agency of record in a deal that could be worth about $244 million in media billings annually, sources have told Crain’s Detroit Business, an affiliate of Automotive News
Nissan Motor Co. is elevating Executive Vice President Hiroto Saikawa to a newly created position of chief competitive officer that encompasses oversight of global manufacturing, supply chain management, r&d and customer satisfaction. The sweeping portfolio upgrade comes in addition to Saikawa’s role in charge of purchasing and regional businesses in Asia, Oceania and Japan
