by Joseph Szczesny | Jan 14, 2011
Audi is giving serious consideration to adding its own production plant in the United States as part of the Volkswagen subsidiary’s plan to double sales to 200,000 by 2018. While the German marque has become one of the world’s largest luxury brands – in some markets...
by Paul A. Eisenstein | Jan 14, 2011
General Motors has taken another big step towards correcting one of its last big financial headaches, contributing 60.6 million shares of common stock into its chronically underfunded pension program. Worth over $2 billion, the stock has been added onto a $4 billion...
by Paul A. Eisenstein | Jan 13, 2011
If BMW was hoping for an opportunity to demonstrate the benefits of its in-car infotainment system, it missed its chance. So far, an onboard tracking system designed to help it follow a stolen car and guide police to an interception doesn’t seem to be working very...
by Joseph Szczesny | Jan 13, 2011
The long trial of former Delphi Chairman and Chief Executive Officer J.T. Battenberg ended with a jury clearing him of fraud – but he was still found him liable for misrepresentation and responsible for accounting errors involving a $237 million payment the supplier...
by Paul A. Eisenstein | Jan 13, 2011
Chrysler plans to pay back “every cent” of the money it was loaned by the federal government, said CEO Sergio Marchionne, and it will almost certainly do that before the IPO the executive said he wants to hold in the second half of 2011. Chrysler is already planning...
by Mike Levine | Jan 13, 2011
Could GMC add a halo off-road truck to its full-size pickup lineup? The diesel-powered GMC Sierra All Terrain Heavy Duty Concept — which made its debut, this week, at the 2011 Detroit auto show — points to how the “professional grade” brand thinks it might deliver a...
by Paul A. Eisenstein | Jan 13, 2011
Mercedes promises a little magic when it launches the all-new, third-generation SLK roadster, later this year. Magic Sky Control, to be more precise. The original Mercedes-Benz SLK, launched 14 years ago, helped usher in an era of folding hardtop convertibles, a...
by Paul A. Eisenstein | Jan 13, 2011
The turnstiles haven’t even been opened to the public at this year’s Detroit Auto Show, but we’re already getting word of what’s coming later this year on the auto show circuit – including an all-new version of the Kia Rio, which will roll out in Geneva later this...
by Joseph Szczesny | Jan 12, 2011
The United Auto Workers Union is ramping up a broad campaign to organize workers at the so-called transplant assembly lines operated by foreign-based automakers like Toyota, Honda, Mercedes-Benz and Hyundai. A goal the union has largely failed to accomplish since the...
by Henny Hemmes | Jan 12, 2011
“Mini will always remain Mini,” or so says Marcus Syring, the British brand’s new chief of design. It may seem trite, at first, but it is a question that is being asked a fair bit, lately, as Mini steadily expands its line-up. What was originally little more than a...
by Paul A. Eisenstein | Jan 12, 2011
Investors aren’t the only ones pleased by the apparent improvements made by General Motors. Less than two months after the carmaker’s record IPO was completed, U.S. “car czar” Ron Bloom could be found touring the GM exhibit at the Detroit Auto Show, where he declared...
by Tim Healey | Jan 12, 2011
It’s a Cruze, it’s a Regal….no, it’s the Verano. The 2012 Buick Verano shares its platform with the Chevrolet Cruze and its engines with the larger Buick Regal, but despite those facts, Buick folks are quick to point out that the Verano isn’t just an exercise in badge...
