Joseph Pisani, Associated Press Published 2:50 p.m. ET Dec. 23, 2019 | Updated 2:54 p.m. ET Dec. 23, 2019 New York – Sears has sold the DieHard car battery brand as the struggling retailer continues to shed assets to raise cash. The company, created by Sears in 1967, was acquired by Advance Auto Parts for… Continue reading Sears sells DieHard brand to Advance Auto for $200 million
Author: Detroit News Online
Amazon’s van-buying spree delivers a gift to auto industry
Gabrielle Coppola, Bloomberg News Published 7:14 p.m. ET Dec. 20, 2019 The Amazon.com Inc. vans parked outside apartment buildings and along suburban cul de sacs aren’t just bearing gifts to online shoppers this holiday season. The e-commerce giant’s home-delivery push has been a boon to automakers, too. Amazon announced the order of 100,000 electric delivery… Continue reading Amazon’s van-buying spree delivers a gift to auto industry
GM investing $1.5B for production of next-generation Colorado and Canyon
Detroit — General Motors Co. will invest $1.5 billion to build its next generation of mid-size pickups, the automaker announced Friday. A $1 billion investment at GM’s Wentzville, Missouri, plant where the Chevrolet Colorado and GMC Canyon are built will retain about 4,000 jobs. Another $500 million will be spent on supplier tooling for the new trucks. GM did… Continue reading GM investing $1.5B for production of next-generation Colorado and Canyon
Cadillac to be mostly, if not all, electric by 2030
Detroit — By 2030, General Motors Co. expects the majority, if not all, of its Cadillac brand’s sales will be electric. That means that by the close of the decade there could be no more internal-combustion Cadillacs, depending on how quickly consumers adapt to their electric versions. By 2030, General Motors Co. expects the majority, if not all, of its Cadillac brand’s sales will… Continue reading Cadillac to be mostly, if not all, electric by 2030
As Ford, Chevy exit sedan market, Asian makers gain share
Phoenix — A year after Ford and Chevrolet abandoned the compact-car segment to prioritize SUVs, buyers are abandoning those makes and shopping for cars made by Hyundai, Toyota and Honda. Some 42% of Ford Focus and Chevy Cruze compact car owners have stayed in the compact car segment with a significant percentage buying competitors’ vehicles, according to an industry… Continue reading As Ford, Chevy exit sedan market, Asian makers gain share
Honda’s CEO seizes the wheel as quality crisis hits profits
Utsunomiya, Japan – At a two-day gathering for Honda’s suppliers in March, Chief Executive Takahiro Hachigo sounded the alarm. At the Hotel Higashinihon in Utsunomiya, Hachigo told them the Japanese automaker was facing a crisis after a string of costly recalls and other quality blunders and it needed to plot a new course, according to… Continue reading Honda’s CEO seizes the wheel as quality crisis hits profits
Fiat Chrysler challenges Italy tax agency over value of US business
Reuters Published 5:18 p.m. ET Dec. 5, 2019 | Updated 5:18 p.m. ET Dec. 5, 2019 Milan, Italy — Fiat Chrysler Automobiles has challenged a claim by Italy’s tax authorities over the valuing of its U.S. Chrysler business that could leave it with an unwanted tax bill just days ahead of an expected key merger… Continue reading Fiat Chrysler challenges Italy tax agency over value of US business
Nissan orders two-day furlough for U.S. workers to cut costs
Gabrielle Coppola, Bloomberg Published 12:05 p.m. ET Dec. 5, 2019 | Updated 12:09 p.m. ET Dec. 5, 2019 Nissan Motor Co. ordered a furlough of employees for two days at the beginning of January, the latest cost-cutting move as U.S. sales continue to slide. Nissan North America is closing U.S. offices on Jan. 2 and… Continue reading Nissan orders two-day furlough for U.S. workers to cut costs
After Mustang SUV, calls for Corvette SUV grow
An electric Mustang SUV will hit dealerships late next year. When will Corvette follow suit? The positively received debut of Ford’s battery-powered Mustang Mach-E in Los Angeles last month (with the automaker hinting that it could develop a full Mustang sub-brand) has turned up the heat on Chevrolet to expand its Corvette lineup as well. Morgan Stanley… Continue reading After Mustang SUV, calls for Corvette SUV grow
Sources: UAW-FCA deal to include $9K signing bonus, no assembly plant closures
Negotiations between Fiat Chrysler Automobiles NV and the United Auto Workers are nearing a proposed tentative agreement that would include a $9,000 ratification bonus, two sources familiar with the situation told The Detroit News on Friday. A four-year agreement likely will be announced Saturday, said the people who were not authorized to speak publicly on the deal. The… Continue reading Sources: UAW-FCA deal to include $9K signing bonus, no assembly plant closures