Marchionne's Reason to Be Jolly (5/14/14)

CEO: Fiat Chrysler to grow even if it misses goals; Google gives taste of autonomy; GM battery move;...

from TumblrCynthia Lin

GM recalls 140,000 Chevy Malibus for brake flawAuto News

General Motors is recalling 140,067 Chevrolet Malibus from the 2014 model year for a problem with the electronic brake control module that can increase the risk of crashes. The recall covers models with a 2.



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GM brings Spark EV batteries in-house to Mich. plantAuto News

General Motors is moving production of the battery pack for its all-electric model of the Chevrolet Spark minicar in-house at the company's battery assembly plant in suburban Detroit.



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Hyundai to appeal $248 million verdict over fatal Montana crashAuto News

Hyundai Motor America plans to appeal a $248 million verdict awarded to the families of two boys killed in 2011 in a crash involving a Hyundai car they claimed was defective.



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Hyundai to appeal $248 million verdict over fatal crash Auto News

Hyundai Motor America plans to appeal a $248 million verdict awarded to the families of two boys killed in 2011 in a crash involving a Hyundai car they claimed was defective.



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Severstal said to be weighing offers for U.S. steel plantsAuto News

OAO Severstal, the Russian steelmaker controlled by billionaire Alexey Mordashov, said it is considering 'a range of strategic options' for its North American unit amid reports the business may be sold.



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GM runs 16 additional tests on cars with defective ignition switchesAuto News

General Motors conducted an additional 16 tests on cars with the defective ignition switch linked to at least 13 deaths to further support its position that the vehicles are safe to drive with only the key in the ignition, according to a document...



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Renault-Nissan's resilience to Russia's problems may be testedAuto News

Renault is looking closely at Western sanctions on Russia even though its alliance with Nissan appears better positioned than others to ride out the crisis over Ukraine.



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Magna denies being asked by Canada to end Russia JVAuto News

Magna International CEO Donald Walker says he hasn't been asked to end a Russian joint venture amid mounting tension over Ukraine even as an executive from partner Avtotor cited pressure from Canada to do so.



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Fiat Chrysler will be OK if it misses lofty targets, Marchionne saysAuto News

Fiat Chrysler CEO Sergio Marchionne said the company will be much stronger than it is today at the end of his plan to sell 7 million cars by 2018, even if it misses the targets he set last week.



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Audi CEO Stadler gets contract extensionAuto News

Volkswagen has extended the contracts of Audi CEO Rupert Stadler, VW sales and marketing boss Christian Klingler and VW China chief Jochem Heizmann.



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Marchionne: Chrysler to embrace hybrids to meet mpg rulesAuto News

Fiat Chrysler Automobiles CEO Sergio Marchionne said today that Chrysler Group increasingly will have to turn to electrification of its vehicles to meet the government's rules requiring cars and light trucks to average 54.



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Porsche tells N.A. dealers to cease using live Tigers for Macan marketingAuto News

Porsche Cars North America is asking its dealers not to use live tigers in promotions of the new Macan mid-sized crossover after animal rights activists objected to the plans.



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Buick joins list of brands making backup cameras standard before U.S. deadlineAuto News

General Motors' Buick brand, following others in getting ahead of a new federal safety requirement, said today it will make backup cameras standard on all 2015 models.



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Where VW 'Must' Grow (5/13/14)

Americas are key part of plan to overtake Toyota; GM, Honda tout rearview cameras; Porsche is sued...

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Chrysler hires 204 workers for new transmission plant in IndianaAuto News

Fiat Chrysler Automobiles has hired 204 workers at a new factory in Indiana to make transmissions for its popular Jeep Cherokee SUV and Chrysler 200 sedan -- about a quarter of the total hires planned for the facility.



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BMW names motorcycle exec Blesse as CEO of Canada unitAuto News

Hans Blesse, vice president of BMW Motorrad USA, will replace BMW Group Canada CEO Eduardo Villaverde, beginning the transition immediately and taking the title June 1, the company said today.



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Detroit 3 consider aid to art museum in city's bankruptcyAuto News

Detroit's three automakers are mulling a request by the city's art museum to help it raise money for a key component of Detroit's plan to restructure its debt and exit bankruptcy, representatives of the companies said today.



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Superior awards new CEO Stebbins $2.6M in stock incentivesAuto News

Donald Stebbins, the former Visteon CEO who is taking the helm of wheel-maker Superior Industries International, is getting a compensation package that includes 132,455 restricted shares of common stock -- currently valued at about $2.



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Mahindra plans to add about 110 engineering jobs at suburban Detroit tech centerAuto News

Indian automaker Mahindra and Mahindra, which unsuccessfully tried to introduce its light trucks in the United States in 2006, plans to add about 110 engineering jobs at its technical center in suburban Detroit



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