Sergio on Hugs, Deals, 'Schmucks' (8/31/15)

Sergio on hugs, deals and ‘schmucks’; Analyst: Friendly GM merger unlikely; Spicier...
from TumblrCynthia Lin

Internet entrepreneurs back Chinese electric vehicle startup, NextEVAuto News

A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent and Hillhouse Capital, is backing an effort to create NextEV, a new rival to U.S. electric car maker Tesla Motors.

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Racketeering case against M-B store failsAuto News

A Texas Mercedes-Benz store that stopped selling factory parts to a repair shop whose owner testified against it in a lawsuit has beaten an allegation of civil racketeering by the shop and its owner.

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Grupo Antolin completes purchase of Magna interiors unitAuto News

Grupo Antolin closed on its acquisition of Canadian auto supplier Magna International Inc.'s interiors operations today in a deal valued at about $525 million.

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The quotable MarchionneAuto News

Fiat Chrysler CEO Sergio Marchionne takes stock of countries, competitors, brands, dealers, disruptors and the industry at large in these excerpts from an interview with Automotive News.

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Classic Broncos reach ICON statusAuto News

Jonathan Ward, CEO of California-based ICON, sells refurbished and modernized classic 1960s-era Ford Broncos for between $175,000 and $230,000 - and says he can't keep up with demand.

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Enzo Ferrari's Hollywood horsepowerAuto News

There's something irresistible about the life of Enzo Ferrari that continues to fascinate filmmakers.

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Post-Piech, VW's Phaeton gets delayedAuto News

Tinkering with the $100,000 Volkswagen Phaeton has ended careers at VW.

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Can BMW's tech-loaded, plush 7 series take on Mercedes S class?Auto News

BMW's redesigned 2016 7-series sedan illustrates that even the brand that touts itself as a driver's car has succumbed to the gadget and semi-autonomous driving trend. In fact, BMW has outdone the Mercedes-Benz S-class sedan with gizmos.

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Mazda rolls out store redesignAuto News

A suburban Seattle store is the first store to adopt Mazda's first new dealership design in 12 years, a black-and-white motif called Retail Evolution.

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Marchionne wants a partner but says FCA can survive alone 'in mediocrity'Auto News

Compared with its larger and far richer global counterparts, Fiat Chrysler Automobiles faces a huge set of problems. CEO Sergio Marchionne knows he has challenges but says he also has a plan that is working.

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Porsche dealers looking to leverage posh new Atlanta experience centerAuto News

Porsche dealerships are hosting events at and sending customers to the Porsche Experience Center in Atlanta. That's exactly the kind of dealer buy-in Porsche's U.S. chief Detlev von Platen was seeking when he proposed the $100 million project.

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Sergio may stay till 2020, hunts for next top leaderAuto News

Sergio Marchionne is 63 and the first to admit that he and won't stick around as CEO of Fiat Chrysler Automobiles forever. But he may remain a bit longer than expected.

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China faces an added threat down the road: Capacity glutAuto News

The news coming out of China right now is bad, and chances are, it's going to get worse.

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Marchionne waits at the gate, but who is there to answer?Auto News

The really bad news for GM: A dragon stands again at the gates. And he's wearing a black sweater.

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Can tech-loaded, plush 7 series take on S class?Auto News

BMW's redesigned 2016 7-series sedan illustrates that even the brand that touts itself as a driver's car has succumbed to the gadget and semi-autonomous driving trend. In fact, BMW has outdone the Mercedes-Benz S-class sedan with gizmos.

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Denso goes green with center to grow algae-based biofuelAuto News

Toyota-affiliated supplier Denso, better known for its fuel injectors, air-conditioners and electronics, will open a large testing center in Japan to develop biofuel from algae.

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No S660 convertible for U.S., but Honda has some sporty ideasAuto News

Honda's tiny S660 roadster from Japan likely has no future in the U.S. market, according to John Mendel. But that doesn't mean Honda doesn't have some fun things planned.

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Dealer: Color-coding cars makes shopping easierAuto News

Orlando luxury dealer Peter Wilson has simplified used-vehicle retailing by grouping his inventory into clearly defined categories.

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Marchionne puts the squeeze on GM; GM's response: 'Why bail out FCA?'Auto News

General Motors has flatly rejected the advances of its crosstown rival, Fiat Chrysler Automobiles, but FCA CEO Sergio Marchionne is not going away -- not by a long shot.

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