NEWS

Chrysler Powertrain Chief Quits

1/15/2014

Mircea Gradu, who led transmission, powertrain and driveline engineering at Chrysler Group LLC, has abruptly left the company.

Dollar Shortage Prompts Ford to Trim Output in Venezuela

1/15/2014

Ford Motor Co. COO Mark Fields says the company cut production in Venezuela about 75% in the fourth quarter of 2013 because U.S. dollars there are in such short supply.

GM Names new CFO

1/15/2014

General Motors Co. has chosen Chuck Stevens to take over as its chief financial officer today.

Mulally Calls for Privacy Laws Governing Telematics

1/15/2014

Ford Motor Co. CEO Alan Mulally says the auto industry needs regulatory boundaries on the use of data collected by in-car navigation and other telematic features.

Nissan Outlines Shared-Platform Plan

1/15/2014

The new luxury-vehicle platform being co-developed by Nissan Motor Co. and Daimler AG will be used by the Japanese company's Infiniti brand to carry four models, according to unit President Johan de Nysschen.

Ford: Europe Car Market Could Climb 6% This Year

1/15/2014

Europeans willing to replace their aging vehicles could fuel a 6% jump in new-car sales in the region this year, predicts Stephen Odell, president of Ford of Europe.

U.S. Court Rejects Human Rights Lawsuit Against Daimler

1/14/2014

The U.S. Supreme Court has ruled that Daimler AG cannot be sued in California for alleged human rights abuses in Argentina, Reuters reports.

Toyota to Supply Thai-Built Corollas to Middle East, Oceania

1/14/2014

Toyota Motor Corp. is extending shipments of Corolla small sedans it makes in Thailand to the Middle East and Oceania, The Nikkei reports.

GM Declares First Post-Bankruptcy Dividend on Common Shares

1/14/2014

General Motors Co.'s board has declared a quarterly dividend of 30 cents per share, which will be payable on March 28 to all common stockholders of record as of March 18.

Tesla EV Sales Reach 22,300

1/14/2014

Tesla Motors Inc. sold 22,300 of its $71,000 Model S electric sedans worldwide in 2013, including about 6,900 units in the fourth quarter.