25/01/2015 09:29:35 Free Membership Login


01/24/20156:10PMDJNCadillac Head Johan de Nysschen Clarifies Vision for Dealers
By Christina Rogers And Yoko Kubota San Francisco--The head of General Motors' Cadillac unit, Johan de Nysschen, on Saturday clarified his vision for the luxury brand's roll out of smaller boutique stores, saying dealers who have upgraded their showrooms won't immediately have to build new outlets. "It would be our expectation... More...>>
01/23/20151:51PMDJNFord to Take $800 Million Pretax Charge on Venezuela Operations -- Update
By Mike Ramsey Ford Motor Co. is removing its Venezuelan operation from its consolidated financial reports, taking an $800 million pretax charge in the fourth quarter amid unstable economic conditions and additional currency devaluation. The charge is the second related to Venezuela for last year, bringing the total impact... More...>>
01/21/20154:15PMPRNUSGM Declares Dividend on Common Stock
GM Declares Dividend on Common Stock PR Newswire DETROIT, Jan. 21, 2015 DETROIT, Jan. 21, 2015 /PRNewswire/ -- General Motors Co. (NYSE: GM) Board of Directors today declared a first quarter 2015 dividend of 30 cents per share on its common stock. The dividend is payable Tuesday, March 24, 2015 to all common stockholders... More...>>
01/21/20153:55PMDJNGM Creditors Win Challenge to $1.5 Billion Loan -- Update
By Peg Brickley A federal appeals court in New York on Wednesday said a paperwork mistake rendered a $1.5 billion bank loan made years ago to struggling General Motors Co. an unsecured debt, rather than a secured loan. The ruling was a win for unsecured creditors who have argued for years that a loan from a syndicate led... More...>>
01/21/20151:30PMDJNToyota Expects Vehicle Sales to Slip This Year--2ed Update
By Eric Pfanner And John D. Stoll Toyota Motor Corp. retained its crown as the world's largest car company by sales in 2014, but an expected slowdown in its home market is expected to boost the Japanese auto giant's reliance on U.S. car buyers this year. Toyota sold 10.23 million vehicles in 2014, up 3%, placing it slightly... More...>>
01/21/20154:46AMDJNToyota Expects Vehicle Sales to Slip This Year--Update
By Eric Pfanner TOKYO-- Toyota Motor Corp. hung on to its position as the world's top-selling auto maker last year, but said Wednesday it expects sales to slip this year, putting Volkswagen AG in a position to take the crown. Toyota said it sold 10.23 million vehicles in 2014, up 3%, including cars and trucks from its... More...>>
01/20/20159:20PMDJNChina Confronts 'New Normal' of Slower Growth
By Mark Magnier, Lingling Wei and Peter Evans BEIJING--China's slipping economic momentum is driving the government to seek new sources of growth and pushing multinationals and Chinese companies to look for a Plan B to prosper in the world's second-largest economy. The slowdown has long been a fact of life in China: For... More...>>
01/19/201511:20PMDJNGM Ignition-Switch Death Toll Rises to 49
The death toll related to the faulty General Motors Co. (GM) ignition switch rose by four to 49 people Monday after the compensation fund approved more claims last week. The fund, supervised by Washington, D.C., attorney Kenneth Feinberg, is accepting claims from anyone injured in connection with an ignition-switch-related... More...>>
01/14/201511:12PMDJNGoogle Sees Self-Drive Car on Road Within Five Years
Google Inc. threw the auto industry another curve ball Wednesday, saying its autonomous cars should be on public roads within five years without having to drive through a thicket of regulatory red tape. Speaking at a conference in Detroit, the chief of the software giant's autonomous-car project, Chris Urmson, indicated... More...>>
01/14/20153:49PMDJNGM to Increase Capital Expenditures to $9 Billion This Year-- 3rd Update
By Jeff Bennett General Motors Co. on Wednesday gave investors a glimpse of just how expensive it will be to invest in the future while still trying to wipe away the sins of the past. The Detroit auto giant, presenting at an automotive conference, laid out plans to boost capital expenditures by 20% to $9 billion in 2015... More...>>
01/14/201510:26AMDJNAmerican Axle Expects Annual Sales Growth of Over 5%
By Tess Stynes American Axle & Manufacturing Holdings Inc. (AXL) projected annual sales growth of more than 5% through 2017, citing an estimated backlog of $825 million and current projections for U.S. light vehicle sales. The Detroit maker of axles, drivetrain and transmission components made the announcement in a... More...>>
01/14/20159:35AMDJNGM to Increase Capital Expenditures to $9 Billion This Year--Update
By Jeff Bennett General Motors Co. intends to boost its capital expenditures by 20% this year as it looks to grow its luxury brand, improve its overall vehicle portfolio and respond to regulatory demands. The auto maker on Wednesday outlined a plan at an automotive conference to spend as much as $9 billion over the next... More...>>
01/14/20158:30AMDJNGM to Increase Capital Expenditures to $9 Billion in 2015
By Jeff Bennett General Motors Co. intends to boost its capital expenditures by 20% this year as it looks to grow its luxury brand, improve its overall vehicle portfolio and respond to regulatory demands. The auto maker on Wednesday outlined a plan at an automotive conference to spend as much as $9 billion over the next... More...>>
01/14/20158:00AMPRNUSGM Expects Improved Profitability in 2015
GM Expects Improved Profitability in 2015 PR Newswire DETROIT, Jan. 14, 2015 DETROIT, Jan. 14, 2015 /PRNewswire/ --  Expects higher EBIT-adjusted and EBIT-adjusted margins in 2015 Reaffirms previously announced 2016 targets and plan to achieve 9- to 10-percent margin by early next decade General Motors Co. (NYSE: GM... More...>>
01/13/20156:33PMDJNTesla 4Q China Sales Declined Significantly, CEO Says - 2nd Update
By Mike Ramsey And Colum Murphy Tesla Motors Inc. Chief Executive Elon Musk told an auto industry gathering the Silicon Valley auto maker will need until 2020 to be profitable on a basis that includes charges and executive compensation. Mr. Musk, making a rare visit to Detroit during the city's annual auto show, said Tesla's... More...>>
01/13/20152:02PMDJNSsangyong Launches First New Vehicle Since Mahindra Acquisition
By Santanu Choudhury NEW DELHI-- Mahindra & Mahindra Ltd.'s Ssangyong Motor Co. unit on Tuesday released its first new vehicle--a compact SUV--since the Indian company took a 70% stake in the South Korean auto maker about four years ago. The Tivoli compact sport-utility vehicle, named after a resort city in Italy... More...>>
01/12/20157:33PMDJNToyota Unveils Redesigned Tacoma
DETROIT-- Toyota Motor Corp. likes the heated competition that rival General Motors Co. brought into the midsize truck segment, an executive said, after the Japanese auto maker unveiled the Tacoma, fully redesigned for the first time in 11 years. GM launched its Chevrolet Colorado and GMC Canyon in 2014, challenging Toyota... More...>>
01/12/20157:15PMDJNChina's Automobile Sales to Slow Further in 2015 --2nd Update
Colum Murphy DETROIT--China's auto industry faces a second straight year of weaker growth after a sharp 2014 slowdown, according to an industry association and analysts, as car makers continue to grapple with a cooling economy and rising inventories. The China Association of Automobile Manufacturers said Monday that it... More...>>
01/12/20157:08PMDJNGM to Plow $12 Billion Into Cadillac Vehicle Development
By Jeff Bennett General Motors Co. intends to invest more than $12 billion into new Cadillac vehicle development over the next five years, paving the way for the luxury nameplate to build eight new vehicles. Cadillac brand chief Johan de Nysschen intends to disclose the sizable investment strategy on Tuesday as he looks... More...>>
01/12/20157:04PMDJNU.S. Rep Dingell Says Fuel Economy Review 'Critical' Issue for Auto Industry
By Mike Spector DETROIT--A review of federal fuel-economy standards in 2017 represents a "critical business issue" for auto makers as consumers increasingly flock to less-efficient pickup trucks and sport-utility vehicles amid cheap gasoline, U.S. Rep. Debbie Dingell (D., Mich.) said. Ms. Dingell, the wife of Rep. John... More...>>

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