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- June sales pace forecast to rise to 13.9M from May, J.D. Power-LMC says
U.S. auto sales will rise 16 percent this month compared with a year ago, and the annual sales pace will rise slightly from May to around 13.9 million, a key forecasting group said. Vehicle sales in June will reach nearly 1.3 million, according to J.
Переслать - Tom Russell, former chairman and CEO of Federal-Mogul, dies at 88
Thomas Russell, former chairman and CEO of Federal-Mogul, who led the company throughout the 1970s and 1980s, died on Wednesday in Detroit. He was 88.Переслать - GM dials back, but other automakers embrace Facebook
GM may have dialed back its spending on Facebook, but other automotive brands remain committed to aggressive social media plans with the online platform.Переслать - Severstal: No plans to expand in U.S. as 2 steel lines go live
Russian steel company Severstal has no plans to expand its U.S. manufacturing footprint at this time, CEO Alexey Mordashov said on Thursday.Переслать - Closer Opel-Peugeot ties cloud BMW hybrid JV
A joint venture to make hybrid car components between France's PSA Peugeot Citroen and Germany's BMW was thrown into doubt by the prospect of deepening ties between the French auto maker and its European rival Opel.Переслать - Nissan says Ghosn may retire before start of next business plan
Nissan CEO Carlos Ghosn is considering stepping down before the company's next mid-term business plan begins in about five years.Переслать - Volvo in talks with potential partners for North America vehicle output
Swedish automaker Volvo is seeking a partner that can help it build vehicles in North America. "In the medium term, five to six years, we need to find a proper solution in North America," Volvo CEO Stefan Jacoby said today.Переслать - Porsche: No plans for model priced below Boxster
Porsche has no plans to sell a car costing less than the Boxster, according to the automaker's head of sales and marketing.Переслать - Opel to shed upscale pricing to win back core customer, CEO says
Opel/Vauxhall is reversing its upscale pricing strategy and will make its cars more affordable to win back buyers, CEO Karl-Friedrich Stracke told the Automotive News Europe Congress in Monte Carlo on Thursday.Переслать - CarMax profit slips on weaker new-vehicle sales
CarMax said fiscal first-quarter profits fell, reflecting a drop in new-vehicle sales.Переслать
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