Auto industry giants like Roger Penske are taking a look at the domestics these days; Penske usually invests in luxury and import dealerships, but lately he’s taken a liking to the domestics available now.
Even though Chrysler Group remodeled its production system after Fiat only one year ago, the change has already made a major difference in its plants’ efficiency.
Fiat-Chrysler CEO Sergio Marchionne says some non-Chrysler dealerships may be given franchises to sell Fiat vehicles in the U.S.
The supervisory board of Porsche AG has signed off on production of a new hybrid version of the 918 Spyder.
Earlier this month, GM announced that the lithium-ion battery pack that delivers electric power to the Chevrolet Volt will come with an eight-year / 100,000-mile warranty. Now Nissan has announced that it will give Leaf owners a matching, eight-year / 100,000-mile battery warranty.
In an effort to gain legal support for letters of intent it gave to dealers who were reinstated through the arbitration process, Chrysler Group has brought suit against seven Detroit area dealers who have called the terms of the letters of intent unfair and onerous.
On June 29, electric car maker Tesla Motors Incorporated raised $226.1 million through the first IPO by a U.S. automaker since 1956. Investors were apparently not intimidated by the uncertainties that lay ahead for the Silicon Valley startup, whose 256-page prospectus includes a 41-page discussion of the risks.
Now that the Ram truck line has been spun into its own distinct division, Chrysler plans to reposition its Dodge brand. While the Ram brand will retain its iconic ram’s head logo, Dodge’s logo will get a facelift.
On Thursday, a spokesman for China’s Ministry of Commerce said that Zhejiang Geely Holding Group Company’s bid to acquire Ford Motor Company’s Volvo unit was recently approved by that body.