Hyundai close to hiring Toyota veteran Brian Smith

LOS ANGELES — Hyundai Motor America is preparing to name Brian Smith, a longtime Toyota and Lexus executive, as its COO, according to several people familiar with the situation.The expected hire, which could be announced as soon as Monday, comes just weeks after the U.S. arm chose a full-time CEO, ending a nine-month search. The […]

Continue reading

GM supply numbers still show some trouble spots

DETROIT — Even after cutting more than 6,000 jobs this year, General Motors might need to further shrink its manufacturing operations to address bloated inventories of some vehicles amid plateauing U.S. sales and pressure from Wall Street to avoid overproduction.The majority of GM’s U.S. assembly plants, including some where a shift already has been eliminated, […]

Continue reading

A buy-sell that’s built for the future

New England dealer David Rosenberg structured his latest buy-sell deal with an eye toward surviving changes looming over the auto-retailing model.He and his former majority partner, Abrams Capital, sold a majority stake in Prime Motor Group to GPB Capital, a New York asset-management company. He wants to leverage GPB’s money and scale to prepare for […]

Continue reading

Once a tech leader, Japan’s auto industry plays catch-up

Editor’s note: An earlier version of this story incorrectly implied Mitsubishi was partnered with Toyota. Mitsubishi is actually aligned with Nissan.MINE, Japan — Mazda’s powertrain guru, Mitsuo Hitomi, can’t count how many times he nearly threw in the towel while working on the company’s new compression-ignition Skyactiv-X engine. It was Mazda’s moonshot effort to deliver […]

Continue reading

Magna to produce electric-drive powertrain with China’s Huayu Automotive

Magna International Inc. has signed a joint-venture agreement with Chinese company Huayu Automotive Systems Co. in an effort to strengthen the Canadian parts maker’s footprint in China.Magna and Huayu, a subsidiary of SAIC Motor, plan to produce an electric-drive powertrain system for an unidentified German automaker.The deal will see Magna will bring its integrated e-drive […]

Continue reading

New Mitsubishi plan targets 30% jump in revenue

TOKYO – Mitsubishi Motors unveiled a three-year plan to boost global vehicle sales by 40 percent and revenue by more than 30 percent as it rebounds from a fuel economy scandal by strengthening its utility vehicle lineup and targeting rapid growth in the U.S., China and Southeast Asia.CEO Osamu Masuko wants to expand worldwide volume […]

Continue reading

Dealer Don Flow: We must retool retail

CHICAGO — Rather than waiting for third-party disruptors to reshape auto retailing, dealers need to do it themselves — and quickly, Don Flow, CEO of Flow Automotive Cos., said last week at Automotive News’ Retail Forum: Chicago.Dealers must seize opportunities by embracing new business models that match the needs of modern consumers.”It would be a […]

Continue reading

Detroit’s leather-maker hits a financial wall

DETROIT — One of Detroit’s oldest suppliers of luxury has hit a financial wall despite a global market that is calling for premium materials.GST AutoLeather Inc., a global producer of automotive leather for seats and interiors, filed for Chapter 11 bankruptcy protection this month in U.S. District Court in Delaware, claiming $196 million worth of […]

Continue reading