Yesterday’s news that Nissan will buy a 34-percent controlling stake in Mitsubishi for $2.2 billion was the latest win for Carlos Ghosn, the man behind the Renault-Nissan Alliance of 1999 and possessor of many fingers in many pies.

Ghosn, CEO of both Nissan and Renault, inked the agreement with Mitsubishi as the other automaker battles a misleading gas-mileage scandal. At a price of 468.52 yen/share, Ghosn’s purchase of new shares was a smoking deal. Mitsubishi shares traded for 1,100 yen just last December.

What becomes of the two companies now? And how will Ghosn’s world-straddling empire benefit by snapping up beleaguered Mitsubishi? Read More >

More than 300 jobs are coming to a historic Toledo manufacturing site, and you can thank the car-buying public’s thirst for Jeeps for it.

Dana Holding Corp. is spending $70 million to build a 300,000 square foot axle plant at the former Willys-Overland site, with Jeep being its only named customer, Automotive News reports. Read More >

Remember when Every. Single. Car. Model. came in a two-door version?

Sure, the days of luxurious and lengthy Olds 98 two-doors and Lincoln Town Coupes are long gone, but it wasn’t long ago that coupe offerings stretched from one end of the compact car market to the other.

A buyer was once able to choose between the forgettable Ford Escort and equally forgettable but nicer-looking ZX2. You could get the bland Nissan Sentra or the slightly less bland 200SX. And so on and so forth. Read More >

Call it a friendly occupation.

The Czech Škoda brand chose a tough-sounding name for its upcoming Kodiaq SUV, but the Alaskan town (and bear, and island) that inspired its name was left with one “k” too many.

Something had to change. So, the townsfolk went to work bringing the two names into line for one day only, as Škoda’s cameras rolled. Read More >

Buick is poised to take the Verano behind the barn and vacate the compact car market in North America, according to sources familiar with the automaker’s plans.

The Verano’s dwindling sales share and the popularity of the automaker’s crossovers and SUVs is behind the decision to phase out the entry-level luxury compact, Automotive News reports. Read More >

On the heels of America’s auto industry growing by over 3% in April 2016, a report from the University of Michigan Transportation Research Institute says the average fuel economy of those vehicles dipped slightly from the month of March.

Given the rise in sales of SUV and trucks, this should surprise no one except amoebas living under a rock. Read More >

Volkswagen’s “Everything Americans want in one lovely package” SUV has been talked about and teased seemingly forever, but now there’s some physical evidence to look at.

The automaker just issued a photo of the midsize SUV’s first assembled test body at its Chattanooga, Tennessee facility, where production of the model kicks off later this year. Read More >

They’re on a little break right now, but Volkswagen plans to saunter back to America’s door, flowers and chocolates in hand.

As the diesel emissions scandal plods along to its buyback conclusion, the automaker plans to woo U.S. buyers with desirable products and a less confusing brand strategy, Automotive News reports.

Volkswagen brand chief Herbert Diess told reporters in Germany last week that the U.S. was still a target market primed for growth, but first the company must convince those buyers that it has changed its ways, and that it’s ready for commitment. Read More >

The Jeep brand is Fiat-Chrysler’s biggest money maker, so it’s no wonder that CEO Sergio Marchionne is scattering factories around the world like a sailor’s offspring.

The company’s head honcho outlined his business plan for the brand in an interview published by Automotive News, and it involves no longer having to make a “Sophie’s Choice” decision with Jeep output. Read More >

It looks like Cadillac doesn’t think the Chevrolet Cruze is a suitable platform for a new luxury model.

A source in a story we ran yesterday claimed an internal program code that popped up at General Motors points to a new Cadillac model based on the Cruze’s front-wheel-drive Delta platform, but the automaker is now refuting the claim. Read More >

News from Dearborn this morning will please recent purchasers of F-150s, Transits, and Fiestas — Ford Motor Company is absolutely on fire financially, earning $2.5 billion in a very large first quarter.

Ford’s pre-tax profit of $3.8 billion was a record for the company. Read More >

Ford Motor Company issued three recall notices today, but top billing goes to a sensor problem linked to the sudden downshifting (to first gear!) of certain vehicles.

That safety recall involves 202,000 2011-2012 Ford F-150, 2012 Expedition, Ford Mustang and Lincoln Navigator vehicles. Read More >

Fiat Chrysler Automobiles CEO Sergio Marchionne has a good morning today, after FCA announced boosted profit and earnings spurred by healthy sales in the U.S. and Europe.

First quarter net profits were up from just above the break-even point a year ago to 451 million euros ($539.4 million), according to The Detroit News, with pre-tax earnings up 88 percent to 1.3 billion euros ($1.6 billion). Read More >

Honda’s Chinese subsidiary is proud of the upcoming Acura CDX compact SUV, as it’s the first Acura designed for, and built in, that expanding car market.

Based on the Honda HR-V, the CDX tries to erase all signs of its body donor’s identity. Among other things, the new model adds shapelier flanks, conventional rear door handles, Acura’s new corporate diamond grille, and taillights that align with the brand. Read More >

We said the new Volvo XC90 would need to sell very well. It is, in fact, selling well. And given the sharp declines Volvo is reporting with every other model, we may have understated the need.

Globally, Volvo reported an all-time record number of sales in calendar year 2015. In the United States, however, even with the second-generation XC90 displaying signs of recovery, Volvo sales in 2015 were half the total achieved by Volvo 11 years earlier.

But in early 2016, Volvo’s big new SUV isn’t simply “displaying signs of recovery.”

Nearly half of all Volvos sold in America in the first-quarter of 2016 were XC90s. Read More >