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January 2014

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Thursday, January 30, 2014

Fiat Reorganizes After Completion of the Purchase of Chrysler Group

Fiat Reorganizes After Completion of the Purchase of Chrysler Group

Today, the Board of Directors of Fiat S.p.A. (“Fiat”) approved a corporate reorganization and the formation of Fiat Chrysler Automobiles (“FCA”) as a fully-integrated global automaker. Following Fiat’s acquisition of the minority equity interest in Chrysler Group LLC, previously held by the VEB ... Continue reading

Chrysler Group Reports Full-Year 2013 Net Income of $2.8 Billion, Including a $962 Million Non-Cash Tax Benefit

Chrysler Group Reports Full-Year 2013 Net Income of $2.8 Billion, Including a $962 Million Non-Cash Tax Benefit

Full-Year Modified Operating Profit Was $3.2 Billion, Up 9 Percent Versus the Prior Year, Fourth-Quarter Modified Operating Profit Was $1.1 Billion, Up 51 Percent From a Year Ago, Free Cash Flow for the Year Was $2.1 Billion Chrysler Group LLC’s full-year net income was $2.8 billion, including a $962 million non-c ... Continue reading

Fiat Group Closes 2013 Posting Trading Profit of 3.4 Billion Euros

Fiat Group Closes 2013 Posting Trading Profit of 3.4 Billion Euros

Fiat Group closes 2013 posting trading profit of €3.4 billion and net industrial debt of €6.6 billion with a significant reduction in losses in EMEA, the premium strategy yielding promising initial results, and strong cash generation of €1.7 billion in the fourth quarter Worldwide shipments were up 3% ov ... Continue reading

BMW Announces Pricing For Five Latest 2014 Models

BMW Announces Pricing For Five Latest 2014 Models

Woodcliff Lake, NJ – January 29, 2014… BMW Motorrad USA has announced pricing for the five latest 2014 Model Year motorcycles set to be introduced late winter / early spring 2014. These five models complete BMW Motorrad USA’s entire 2014 model lineup, which now includes 20 models. BMW’s 2014 modelâ ... Continue reading

car2go Celebrates One Year of Carsharing in Seattle with 40,000 Members

car2go Celebrates One Year of Carsharing in Seattle with 40,000 Members

This month, car2go North America, LLC, a wholly-owned subsidiary of Daimler North America Corporation, celebrates its first full year of point-to-point carsharing operations in Seattle. Since its launch in December 2012, more than 40,000 drivers have registered as car2go Seattle members and collectively share a network ... Continue reading

A Cold January Stalls Car Sales

A Cold January Stalls Car Sales

The relentless blast of winter weather likely kept car shoppers away from dealerships in January, says Edmunds.com. Edmunds.com forecasts that 1,036,533 new cars and trucks will be sold in the U.S. in January for an estimated Seasonally Adjusted Annual Rate (SAAR) of 15.6 million. The projected sales will be a 23.6 per ... Continue reading

Infiniti Months in the Making

Infiniti Months in the Making

JEREZ, Spain – So, there it is. Months in the making, yesterday at 0840 the RB10 rolled out of the garage and into the pitlane at Jerez. We had a sunny morning for it – if a little fresh – and around 150 photographers lined up to catch a first glimpse as Seb and Daniel peeled off the sheet. The car appea ... Continue reading

The acclaimed Nissan IDx Freeflow and IDx NISMO concepts will be on display in Southern California

The acclaimed Nissan IDx Freeflow and IDx NISMO concepts will be on display in Southern California

LOS ANGELES – The acclaimed Nissan IDx Freeflow and IDx NISMO concepts will be on display in Southern California in a whirlwind, three-day tour starting on Friday, Jan. 31 through Sunday, Feb. 2, 2014. The revolutionary concept vehicles, stars of the recent auto shows in Tokyo and Detroit, will be showcased in a v ... Continue reading

Volkswagen Loves Specials

Volkswagen Loves Specials

A Volkswagen showroom is not necessarily the first place you’d think of in which to fall in love… but from tomorrow until Valentine’s Day, Retailers are hoping romance will flourish for potential city car owners, as they stage the first Love up! event. From 30 January until 14 February, participating UK ... Continue reading

TOP FLEET AWARD IS EIGHTH WONDER FOR FORD S-MAX

TOP FLEET AWARD IS EIGHTH WONDER FOR FORD S-MAX

– Eight awards from BusinessCar in the last seven years is the remarkable achievement notched up by the Ford S-MAX. The latest in the model’s long line of honours was revealed at the BusinessCar Awards in London, where the Ford S-MAX’s stranglehold on the title of Best MPV was reconfirmed. S-MAX was Busi ... Continue reading

HYUNDAI WINS PRESTIGIOUS EUROPEAN DESIGN AWARD

HYUNDAI WINS PRESTIGIOUS EUROPEAN DESIGN AWARD

All-new Genesis collects ‘iF Product Design Award 2014’ in transport category Underscores commitment to designing the right products for the right regions Further validation of Hyundai Motor’s design and quality Hyundai Motor has received international recognition for its vehicle design at the prestigiou ... Continue reading

Kia Scores Design Awards

Kia Scores Design Awards

Kia’s Chief Designer, Peter Schreyer awarded ‘Grand Prix’ design award for remarkable evolution of Kia products New 2014 Kia Soul awarded the ‘iF Product Design Award.’ Kia Motors continues to win awards for design with Peter Schreyer taking the ‘Grand Prix’ design award and the New K ... Continue reading

New Fiat-Chrysler Merged Logo

New Fiat-Chrysler Merged Logo

Following an initial phase with the two corporate logos appearing side-by-side – symbolising the desire to respect the history, culture and industrial roots of the two groups – both Fiat and Chrysler now require a new corporate identity representative of an organisation that is much more than the sum of its t ... Continue reading

Ford Invests $80 Million, Creates 350 Jobs at Kentucky Truck Plant

Ford Invests $80 Million, Creates 350 Jobs at Kentucky Truck Plant

Ford will invest $80 million and add 350 jobs at Kentucky Truck Plant to increase production by an estimated 15 percent to satisfy customer demand $80 million investment supports facility upgrades, retooling and significant automation improvements in the body and paint shops With the production increase in 2014, Kentuc ... Continue reading

New Car Transaction Prices in January 2014 Fall Below $30,000

New Car Transaction Prices in January 2014 Fall Below $30,000

Cars.comestimated today that the average transaction price (ATP) for light vehicles in the U.S. was $29,882 in January 2014, down $356 (-1.2 percent) from January 2013; and down $1,032 (-3.3 percent) from December 2013. In addition, Cars.com estimated that the average incentive for light vehicles was $2,383 in January ... Continue reading

Subaru Offers Peek of All-New 2015 Legacy

Subaru Offers Peek of All-New 2015 Legacy

Chicago Auto Show '14 - Subaru of America, Inc. offered a glimpse of the all-new 2015 Legacy sedan today. Set to debut February 6th at the 2014 Chicago Auto Show, the all-new Legacy offers a sleeker, more coupe-like profile with a faster windshield rake angle and narrower A-pillars that create a sporty and modern sedan ... Continue reading

Dodge Brand to Present the 'Final Tour' of Iconic Rock 'n Roll Band Motley Crue

Dodge Brand to Present the 'Final Tour' of Iconic Rock 'n Roll Band Motley Crue

After more than three decades together, iconic rock 'n roll band Motley Crue announced its "Final Tour." This will be the last chance to ever see the band perform live. The Dodge brand is the presenting sponsor of the tour, which begins this summer. ... Continue reading

Honda Brings Gamer's Custom 2014 Civic Si Coupe to Life at Chicago Auto Show

Honda Brings Gamer's Custom 2014 Civic Si Coupe to Life at Chicago Auto Show

Honda is teaming with the hottest racing franchise on Xbox One—Forza Motorsport—to unveil the winning entry of the Civic Si Design Contest at the Chicago Auto Show on Feb. 7. Selected out of nearly 170 entries, the winning design was created by Forza Motorsport gamer Tiffany Labedz and was chosen as the top d ... Continue reading

Top Fleet Award Is Eighth Wonder For Ford S-Max

Top Fleet Award Is Eighth Wonder For Ford S-Max

Eight awards from BusinessCar in the last seven years is the remarkable achievement notched up by the Ford S-MAX. ... Continue reading

Nissan's Taxi For London To Be Built In Coventry

Nissan's Taxi For London To Be Built In Coventry

Nissan has revealed that Coventry-based ADV Manufacturing will be responsible for the final assembly of its new Taxi for London, due to hit the streets of the Capital later this year. ... Continue reading

Frugal New Engine And Even Fuller Specification For Audi Q3

Frugal New Engine And Even Fuller Specification For Audi Q3

The Audi Q3 is the latest beneficiary in the Vorsprung durch Technik brand's drive to cut engine capacities down to an even more efficient size without paring back performance. ... Continue reading

Volkswagen Human Resources Board Member Calls For Concerted Effort By Europeans To Combat Youth Unemployment

Volkswagen Human Resources Board Member Calls For Concerted Effort By Europeans To Combat Youth Unemployment

Dr. Horst Neumann, Member of the Board of Management of Volkswagen Aktiengesellschaft responsible for Human Resources, has called for a concerted effort among Europeans to combat youth unemployment in Europe. ... Continue reading

F-Factor Final Is Underway

F-Factor Final Is Underway

There are thirty finalists in the fifth edition of the Ferrari Graduate, the programme set up by the Human Resources Department to discover talented youngsters from all over the world and put them to work for the company. ... Continue reading

Famous Le Mans Winner Takes Centre Stage With Bentley At Retromobile

Famous Le Mans Winner Takes Centre Stage With Bentley At Retromobile

Bentley Motors is delighted to announce that one of the most famous cars in the marque's history - the 3 Litre that won Le Mans in 1924 with John Duff and Frank Clement at the wheel - headlines the company's presence at the prestigious Retromobile exhibition next month (Porte de Versailles Exhibition Centre, Paris, Hal ... Continue reading

Alfa Romeo 4C the 'Most Beautiful Car of the Year&'

Alfa Romeo 4C the 'Most Beautiful Car of the Year&'

Alfa Romeo 4C has been named the 'Most Beautiful Car of the Year 2013' at the 29th International Automobile Festival, confirming its standing as one of the world's most stunning vehicles. ... Continue reading

Mercedes-Benz Celebrates the 10 Year Anniversary of the CLS-Class

Mercedes-Benz Celebrates the 10 Year Anniversary of the CLS-Class

In celebration of the 10 year anniversary of the launch of the world's first four door coupe, Mercedes-Benz Australia/Pacific is excited to announce a new offering in the striking CLS-Class range, the CLS AVANTGARDE 10 Edition. ... Continue reading

Better 1bang for buck' at 25th Anniversary Phillip Island Classic Festival of Motor Sport

Better 1bang for buck' at 25th Anniversary Phillip Island Classic Festival of Motor Sport

Both drivers and spectators at this year's Phillip Island Classic Festival of Motor Sport from March 7-9 will get a bigger bang for their buck. ... Continue reading

Cadillac ATS Ranked NO. 1 in KBB.com's Best Luxury Cars

Cadillac ATS Ranked NO. 1 in KBB.com's Best Luxury Cars

Top Luxury Cars That Won't Break the Bank Determined By Kelley Blue Book Expert Editors ... Continue reading

Terra launches "Terra Live Music Home Sessions" with Honda Civic Coupe

Terra launches "Terra Live Music Home Sessions" with Honda Civic Coupe

Terra, a global digital media company and content producer with a presence in 19 countries, launches "Terra Live Music Home Sessions" with the all-new 2014 Honda Civic Coupe. Building upon the success of "Terra Live Music," Terra launches a new program to connect brands with consumers nationally and locally, on and off ... Continue reading

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