Archive for 2010

Lincoln future product and branding tops Ford’s to-do list

Ford plans to further differentiate the Lincoln and Ford division product lineups, while giving the luxury Lincoln brand a ‘point of view,’ company leaders promise. Ford is also planning for fewer Lincoln dealerships in major metro areas.

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Tim Allen to be new voice of Chevy starting with Cruze ads

Chevrolet has tapped actor and comedian Tim Allen to be its voice, beginning with TV advertising for the new Cruze compact. The first ads for the Cruze will air Tuesday, Sept. 7, Chevrolet said today.

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Obama sought Ghosn to run GM, Rattner says

The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout…

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Ford’s Raptor pickup boasts bigger engine, more seats

Ford dealers begin taking orders today for the 2011 F-150 SVT Raptor pickup, featuring a larger standard engine and more seating capacity. For starters, all 2011 Raptors will come standard with a 6.

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U.S. Treasury mulls over foreign investors in GM, report says

The U.S. Treasury is concerned about how many foreign investors it should allow to buy big stakes in General Motors Co.’s proposed initial public offering, the Wall Street Journal said.

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Former GM CEO Henderson to head SunCoke after spinoff from Sunoco

Former GM CEO Fritz Henderson has been tapped to become CEO of SunCoke Energy following its separation from Sunoco Inc. next year.

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Ford settles Explorer suit after losing $131 million verdict

Ford settled a lawsuit over the death of a New York Mets minor league baseball player in an Explorer accident after a jury ordered the company to pay his estate $131 million. A Jasper County, Miss.

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Ford settles Explorer suit after losing $131 million verdict

Ford settled a lawsuit over the death of a New York Mets minor league baseball player in an Explorer accident after a jury ordered the company to pay his estate $131 million. A Jasper County, Miss.

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Former GM CEO Henderson to head SunCoke after spin-off from Sunoco

Former GM CEO Fritz Henderson has been tapped to become CEO of SunCoke Energy following its separation from Sunoco Inc. next year.

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GM’s new CEO meets with UAW leaders, says let’s work together

New GM CEO Dan Akerson, in his second official day on the job, said today in a Labor Day greeting to GM’s 80,000 employees in the United States and Canada that he recently had a get-acquainted meeting with UAW President Bob King and UAW GM…

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Kia recalls Souls and Sorentos for fire risk

Kia Motors America said today it is recalling about 35,000 2010-11 Souls and Sorentos because faulty wiring harnesses could short and cause a fire.

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Redesigned 2011 Dodge Durango has three rows of seats, new logo

Dodge today released the first pictures of the 2011 Durango SUV. The Durango will be built at Chrysler’s Jefferson North assembly plant on the same platform as the Jeep Grand Cherokee.

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AutoNation to bid on ‘multiple’ Fiat franchises

AutoNation Inc. said today it plans to bid on “multiple” Fiat franchises after Chrysler unveiled its plans for the brand to dealers at a meeting in Detroit on Monday. COO Michael Maroone said he was impressed with the presentation.

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Hyundai to debut minivan at Paris show

Hyundai will debut a small minivan called the ix20 at this year’s Paris auto show. The company says the new model has a dynamic, sporty profile that is a striking departure from the more boxy-looking models typically found in the segment.

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BMW’s U.S. sales top Lexus’ for third straight month

BMW AG’s namesake brand increased U.S. sales 1.6 percent in August and beat Toyota Motor Corp.’s Lexus as the top U.S. luxury brand for the third straight month.

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Toyota’s minicar division recalls half-million cars in Japan

Daihatsu Motor Co., the minicar unit of Toyota Motor Corp., is recalling more than a half-million vehicles in Japan because of faulty rear indicator lamps. The recalls are another blow to Toyota, which already has recalled 12.

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GM pitch to investors to begin after elections, sources say

General Motors Co. plans to begin courting investors for its initial public stock offering immediately after the Nov. 2 U.S. mid-term congressional elections, two sources familiar with the plans said on Wednesday.

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GM pitch to investors to begin after elections, Reuters reports

General Motors Co. plans to begin courting investors for its initial public stock offering immediately after the Nov. 2 U.S. mid-term congressional elections, two sources familiar with the plans said on Wednesday.

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August 2010: a real clunker on the new-car sales front

Any way you look at it, August U.S. auto sales disappointed. Compared with ‘clunker August’ a year ago, sales fell 21 percent. Compared with the month before, volume dropped 5 percent.

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Chrysler posts another gain, led by Jeep

Chrysler Group recorded its fifth consecutive month of year-over-year increases, as August sales rose 7 percent.

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GM posts gains for 3 of 4 brands, but Chevy down 22%

General Motors Co. posted strong August sales at three of its four remaining brands.

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Ford to keep N.A. production stable in Q3

Ford Motor Co. will hold fourth-quarter North American production at the same level as the third-quarter of this year and down slightly from the last quarter of 2009 because of the economy’s modest recovery and lackluster consumer spending.

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Toyota sales plummet, but still lead retail race

Toyota Division sales may have fallen 34 percent in August — and are now down 1 percent for the year to date — but General Manager Bob Carter isn’t panicking. Toyota was the No.

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Congressman who sponsored dealer exemption may be investigated over fundraising

Rep. John Campbell, a California Republican who is a former auto dealer, said the House’s independent ethics arm has recommended that he be investigated for possible violations involving fundraising.

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Ford to offer Explorer police vehicle to retain lead

Ford Motor Co., which controls about three-quarters of the U.S. market for police cars, will begin selling a law-enforcement version of its redesigned Explorer sport-utility vehicle late next year.

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