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Earnings/Financials

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    Report: Hot sales have Detroit automakers shortening summer shutdowns
    1404842460

    Back in May, there was speculation that the Detroit Three automakers would maintain or perhaps even extend their traditional summer shutdowns, mostly due to a bitingly cold winter that saw below-freezing temperatures infiltrate the southernmost reaches of the US, putting a chill on auto sales. ...

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    Followup: Spyker settles tax debt, cancels auction of assets
    1404838740

    News hit last week that Spyker appeared to be in trouble. Citing an outstanding tax bill, local authorities had apparently seized an array of the company's assets – including racecars, road cars, concept cars and spare parts – and were selling them off in order to pay off the ...

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    Report: Honda China struggling with high-end Accord because Chinese covet German cars, too
    1404651660

    It's not particularly unusual to see cheap cars in China, or those with designs stolen from foreign competitors, but increasingly the best-selling vehicles there would be very recognizable to just about any auto enthusiast. There appears to be one fact of life whether looking at car buyers in ...

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    Report: Fields 'required' to use private aircraft, could make $5.25M as Ford CEO this year
    1404410220

    Mark Fields' travels on the friendly skies will soon be a relatively personal affair, as the new CEO at Ford will be required to resume air travel via the company's private planes. Fields caught plenty of flak in 2007 for flying on the company's dime to visit his family in Florida. He's since ...

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    Motorsports: Tony Fernandes sells Caterham F1 Team to international consortium
    1404323100

    A little over a month ago, rumors surfaced that Tony Fernandes was planning to sell Caterham. The company subsequently refuted the rumors, but now we appear to have the truth: while the automaker responsible for building continuation Lotus Seven street cars isn't going anywhere, the Formula One ...

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    ETC: How GM almost screwed up Toy Story, Cars, Monsters Inc. and more
    Given Just 7 More Days, GM Would Have Changed Entertainment History 1404239400

    General Motors came within one week of buying Pixar in 1985, and would have subsumed the then-fledgling computer company to use its technology to help aid car designs. That surprising almost-was historical wrinkle comes courtesy of Ed Catmull, co-founder of Pixar, in his new management book, ...

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    Report: Nissan's Ghosn highest paid exec in Japan again, at $10M per year
    1403634600

    Nissan CEO Carlos Ghosn is on track to be the highest-paid executive in Japan for the fourth time in five years. Ghosn's salary and bonuses last year rang the register to the tune of $9.8 million (995 million yen), and when stock dividends are added to the equation, the exec's total pay crested a ...

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    Motorsports: American investor buys Toto Wolff's shares in Williams
    1403524800

    Americans have had a tenuous relationship with Formula One racing. There hasn't been an American driver on the grid since Scott Speed in 2007 and a grand prix winner (let alone a world champion) since Mario Andretti retired in 1982. The United States Grand Prix has been an on-and-off affair over ...

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    Study: Yellow, orange surprise as best paint colors for car resale value
    1403476080

    It might be worth choosing a color other than the standard black or silver next time you're car shopping. A new study conducted by the used car search engine iSeeCars.com of over 20 million previously owned vehicles last year finds that less popular shades lead to lower price depreciation than ...

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    Report: Morgan Stanley says Tesla is world's most important automaker [w/poll]
    1403470620

    If you had to choose one automaker, out of the dozens out there on the marketplace, to identify as the single most important in the world, which would it be? Toyota, the world's largest automaker? General Motors, which once laid claim to the same and is still the largest in America? Volkswagen, ...

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    Report: BMW looking to save billions with cost cuts
    1403123400

    BMW is planning a fairly extensive overhaul in a bid to recoup some its annual costs, with CEO Norbert Reithofer (pictured above) aiming to save three to four billion euro ($4 to $5.4 billion) per year to help keep the company's profit margins between eight and 10 percent, while also maintaining ...

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    Report: Mahindra eying stake in Saab owner NEVS?
    1403035260

    It's ironic that Saab's current vehicle architecture is called the Phoenix platform, because like the mythological bird, the company keeps returning from the ashes. That's right, the embattled Swedish automaker isn't completely dead yet. Again. Actually, it may be facing yet another buyout, and ...

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    Report: 'Car Wars' says Ford, Honda to pick up share, Fiat-Chrysler ambitions downplayed
    1402759800

    Don't look for a tremendous shifts in automotive market share over the next three years because it might not be coming. That's at least according to the annual Car Wars report by John Murphy, from Bank of America Merrill Lynch Global Research. In the report's analysis of automakers' market share ...

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    Report: GM won't pay owners of recalled cars for lost value
    1402605000

    Kenneth Feinberg, the man in charge of the General Motors compensation fund dealing with the its widespread ignition switch woes, has issued an informal, two-letter response to the plaintiffs in more than 70 lawsuits seeking redress for lost resale value of their Cobalts: "No." The cases were ...

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    Study: More than half of America willing to pay higher fuel taxes for better roads [w/poll]
    1402444680

    The gas tax and diesel taxes haven't been increased since 1993. A new study by AAA has revealed a rather interesting factoid – apparently, there's a large number of Americans that wouldn't mind shelling out a bit more coin for a bit better roads. Yeah, we're pretty surprised ...

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    Motorsports: Canadian Grand Prix guaranteed for another ten years
    1402254000

    Formula One racing comes and goes from the United States, meandering as it has between locations like Austin, Indianapolis, Phoenix and Watkins Glen. But the one stalwart of grand prix racing on this continent has been the Canadian Grand Prix. Held with only three exceptions (in 1975, 1987 and ...

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    Report: Lexus back in luxury sales race after three-year absence
    1402243620

    Think the only challengers for the title of best-selling luxury brand hail from der Vaterland? Wrong. Lexus outsold the likes of Mercedes-Benz for the second time in 2014 last month. In fact, the Japanese luxury marque's total sales this year are a mere 12,000 units behind BMW. Lexus was able to ...

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    Official: McLaren Automotive posts first yearly profit
    1401989460

    The automotive division of McLaren has just returned its first yearly profit, netting 4.5 million pounds ($7.5 million at today's rates) in pre-tax profit and 12.4 million pounds ($20.7 million) in operating profits on revenue of 285.4 million pounds ($478.1 million). McLaren is only expecting ...

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    Report: Minivan market not what it used to be, but margins make up for it
    1401971640

    Residual values for last year's minivans are higher than they were in 2000. Much like the station wagon was the shuttle of Baby Boomer generation, the minivan has been the primary means of transport for Generations X and Y. Just as the boomers abandoned the Country Squire, though, those kids ...

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    Recalls don't dent General Motors' sales figures
    Despite Safety Problems, GM Sees Much Momentum 1401886740

    GM announced 13 separate recalls in May, but that was a mere footnote for consumers. At least in theory, the past four months should have been trying ones for General Motors. The company admitted it knew key details about a deadly defect in its cars for more than a decade, and that flaw was ...

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