Sales of the Smart ForTwo Plummet in 2010
In the face of falling demand, Daimler AG may sell fewer than 100,000 Smart ForTwo microcars globally in 2010, a drop from 114,000 in 2009, according to projections by the German magazine, Der Spiegel.
BMW Marketing Chief Dead at 47
The head of marketing for BMW of North America, Jack Pitney, 47, died Thursday, August 26, 2010 in an accident that occurred while Pitney was vacationing on his farm in Kingston, New York.
NHTSA to Investigate Jeep Grand Cherokee
On August 24, 2010, the National Highway Traffic Safety Administration announced it was opening an investigation into the placement of the fuel tank in the Jeep Grand Cherokee to determine if a design flaw is responsible for more than a dozen post-crash deaths due to fire.
Jeep Wrangler Redesigned for 2011
During the week of August 16, Chrysler Group LLC gave consumers a look at the newly re-designed 2011 Jeep Wrangler and Wrangler Unlimited, now in production at the company's plant in Toledo.
J.D. Power Predicts Lower Light Vehicle Sales
According to analysts at J.D. Power and Associates, lower buyer incentives coupled with the slowly recovering economy will likely result in a 15 percent decline in light vehicle sales in the U.S for August.
Survey Rates Industry, Brand Satisfaction
According to the findings of the American Customer Satisfaction Index, satisfaction with American automobiles has stabilized or improved in the face of an overall industry decline over the past 18 months.
Fiesta Buyers to Receive Gift Certificate
Buyers of the 2011 Ford Fiesta who have been forced to wait longer than anticipated for the delivery of their vehicles will receive a $50 gift certificate from the company in thanks for their patience.
GM Delays IPO Until Next Week
Reports coming in today that the much-awaited public stock offer filing from General Motors, Co. has been put off until sometime next week, while the corporate prospectus is updated, reflecting a change in CEOs.
Ratan Tata to Retire
Ratan Tata, chairman of Tata Sons Ltd. will retire at the end of 2012 after pruning the Mumbai-based company for two decades and leading India's emergence as an economic power with global reach through his acquisitions of Land Rover and Jaguar.
Ford Board Votes to Pay Bill Ford
After five years, Ford Executive Chairman Bill Ford will once again receive compensation after voluntarily denying himself a paycheck until the company was once again showing consistent profitability.
Hyundai Sets Goal of 50 mpg by 2025
Hyundai Motor America CEO John Krafcik, speaking at a Management Briefing Seminar in Michigan, said that by 2025 the entire Hyundai fleet will have achieved an average 50 mpg efficiency rating.
Nissan Announces Rollout Schedule for Leaf
Last week, Nissan released details of its plans to rollout the Nissan Leaf, which will match the eight-year, 100,000-mile battery warranty that General Motors has offered on the Chevrolet Volt.