After going broke for so long, Lotus Cars CEO Jean-Marc Gales says his company will be back in the black by March 2017, when FY 2016 ends.
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Aston Martin is entering the high-end luxury SUV/crossover game, while Lamborghini is still debating whether or not the LM002 needs a successor.
Ferdinand Piëch isn’t Volkswagen’s chairman anymore, but he doesn’t want a couple of his relatives to replace him and his wife on the board, either.
First announced December 19, 2012, GM Canada’s Oshawa Assembly facility will officially cease production of the Camaro on November 20, 2015 in conjunction with the car’s next generation, GM announced today. Camaro production remained at the Oshawa plant a year longer than initially promised in 2012.
Assembly shifts will be reduced from four to three between the “Flex” and “Consolidated” lines. Currently, the “Flex” line is on three shifts while the smaller line is on one shift. GM Canada will “begin a voluntary retirement canvass” to reduce worker head count before implementing any layoffs. GM Canada President, Stephen K. Carlisle, stated “60 percent of our hourly workforce are nearing retirement” age and the company will offer incentives to eligible employees looking to retire early.
UAW members at Ford’s Sterling Heights, Mich. plant met to gain advice on how to leave the union or stop paying dues under Michigan’s new right-to-work law.
FCA CEO Sergio Marchionne’s search for a consolidation partner may take him to Silicon Valley if the automakers won’t give him the time of day.
After being purchased over a month ago, De Tomaso once again finds itself with a new owner.
The Cadillac ATS’s launch in the fourth-quarter of 2012 was the most important for the Cadillac brand since whatever Cadillac’s previous most important launch was.
But very early on, Cadillac simply wasn’t selling as many as they wanted to. Sales weren’t terribly low – Cadillac averaged 3,200 U.S. ATS sales in calendar year 2013, but incentivization kicked in early. After peaking at 3,887 units in December 2013, sales have decreased on a year-over-year basis in 14 of 15 months, including in each of the last eleven months.
Only a two-unit, 0.07% uptick in April 2014 interrupted what would otherwise be a streak of decreases stretching back to the beginning of last year.
So here’s the question: with April sales results set to be released tomorrow, will the Cadillac ATS’s sales stats display a full year of year-over-year monthly declines? Read More >
Tuesday, the U.S. Senate approved a whistleblower bill that would incentivize those in the auto industry to blow the whistle on potential safety problems.
Despite the numerous recalls over the past year, recall completion rates are not at 100 percent. The NHTSA and automakers hope to change this.
Not one to give up on corporate marriage, FCA CEO Sergio Marchionne posted a merger thesis on his company’s website prior to FCA’s Q1 2015 earnings call.
Per a new study by Continental AG, millennials love cars as much as they love iPhones, so long as their rides aren’t electrified.
Joining the likes of Kellogg’s, Herman Miller and Steelcase, FCA US declared Tuesday its opposition to Michigan’s proposed religious freedom bill.
For the eleventh time in twelve months and the third consecutive month, U.S. sales of the Mazda 6 increased in March 2015. Only a slight 42-unit decline in December broke what would now be a full year-long streak of year-over-year improvement for the 6.
With help from a refreshed-for-2016 model already making up the bulk of Mazda’s 6 inventory, Mazda USA is now on track to sell more than 65,000 6 sedans in calendar year 2015, a rate of sales that would return the midsize Mazda to a nine-year high.
Last month was a particularly productive period according to Mazda’s end-of-quarter sales report: “The refreshed 2016 Mazda6 recorded its best month of sales since March of 2012 with 7,570 vehicles sold, an increase of 32.1 percent over March of 2014.” Read More >
Fans of the Mazdaspeed3 may soon rejoice, as speculation points to a new version of the high-performance hatch debuting in Frankfurt this September.
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