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General Motors CEO Mary Barra will be the automaker’s first female chairwoman of their board of directors, the automaker said Monday.
Barra takes over for Tim Solso, who will remain on the board.
Barra took over as CEO two years ago and is GM’s first female CEO. When Barra took over as CEO in January 2014, the automaker split the role of CEO and chairman following Dan Akerson’s departure.
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Fiat Chrysler Automobiles chief Sergio Marchionne told Bloomberg on Monday that his company likely wouldn’t merge with another automaker before his tenure is up in 2018.
The chief executive publicly courted General Motors in 2015 to merge two of the Big Three. GM CEO Mary Barra publicly refuted that partnership, and Marchionne seems to have gotten the hint.
“I met Mary Barra less than a month ago in Washington,” Marchionne told Bloomberg. “I don’t think I will have another coffee with her. It won’t happen again in the future.”
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General Motors announced Monday that it would invest $500 million in ride-sharing service Lyft to help boost the automaker’s business in car-sharing companies and perhaps rental cars.
The automaker announced that the investment — roughly half of Lyft’s latest round of fundraising — would buy the automaker seat on the ride-sharing company’s board of directors. Lyft, which is based in San Francisco, is valued around $4.5 billion, which is significantly less than the $62 billion valuation for rival Uber, according to the New York Times.
GM said the companies would partner on rentals for the car-sharing company, connectivity and autonomous technology.
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Man, people are really pumped about the cool, expensive cars they just bought.
That nugget of wisdom, Russia’s perpetual Cash for Clunkers program, VW’s appeal to Colorado and Washington buyers and GM’s knows what way the wind is blowing now … after the break! Read More >
The New York Times reported that federal regulators have received about 150 complaints over four years about power steering failures in the 2012 model year Ford Focus, including 124 crashes with injuries, with no recourse. One crash reportedly killed an 89-year-old New Jersey woman, although federal investigators concluded, “a steering failure is most likely not implicated,” according to the New York Times.
Despite the widespread reports by owners and the manufacturer, the National Highway Traffic Safety Administration hasn’t asked Ford to recall the car. Ford has issued two service bulletins to dealers to inform consumers that the electric-assisted steering could lose power on startup and “wander” at highway speeds.
Safety authorities told the New York Times that its investigations revealed that in most of the crashes the fault was with the steering wheel and not necessarily the power steering.
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The Wall Street Journal reported that Jeep’s remarkable sales pace may be fueled in part by a significant increase in fleet sales through the first 10 months of this year.
According to the newspaper, which cited R.L. Polk’s sales figures, Jeep through October increased its deliveries to rental companies by 57 percent compared to the same period last year.
Through October, 11.2 percent of Jeep’s overall sales were to fleet buyers, according to the report. A Jeep spokesman told the Wall Street Journal that the fleet increase was due to Cherokee deliveries to rental companies that weren’t reported until this year.
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The fine, fine reporters at Yahoo Autos have learned that Ford and Google will announce next month a joint project to build self-driving cars.
According to the report, Google and Ford would spin off a separate company for the project, and Google would still shop around its technology to other automakers.
Both Ford and Google wouldn’t comment on Yahoo’s report, which said three sources familiar with the plans divulged the relationship ahead of their announcement at the Consumer Electronics Show in Las Vegas next month. Read More >
The fine, fine folks over at Car & Driver spotted a trademark filing made by General Motors for “Corvette E-Ray,” which probably means they’re going to ruin the Corvette soon.
The trademark filing was made on Dec. 16, according to the U.S. Patent and Trademark Office, about three weeks after General Motors applied for a patent for a “Hybrid Powertrain and Modular Rear Drive Unit.”
Wait, what … so you’re saying hybrid, mid-engine brown manual Corvette could be real? Kill my mind. Read More >
Ford will have a rear-wheel drive, hybrid F-150 truck by the end of the decade, Ford CEO Mark Fields told NPR on Tuesday.
“Well, we do have plans to have a rear-wheel drive hybrid truck but the end of the decade. So yes, we’re working on electrified F-series, and it’s really around a conventional hybrid,” Fields said during an interview.
The automaker announced earlier this month that it would invest $4.5 billion in electrification and will unveil a refreshed hybrid Fusion at the North American International Auto Show next month as part of that plan. The hybridized, full-size pickup will arrive by 2020, although the automaker doesn’t plan on total market domination for the truck — at least right now.
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General Motors victims compensation fund is paying for injury claims older than the company’s 2009 bankruptcy and, in some cases, for injuries sustained by drivers who were drunk or weren’t wearing their seatbelts, according to the New York Times.
The newspaper reported the findings by attorney Kenneth Feinberg, who was hired by the automaker to manage the company’s fund to pay for victims of its faulty ignition switch that killed 124 people.
According to the report, 128 claims — roughly one-third of the claims against the automaker — were for injuries before the company’s 2009 bankruptcy. GM fought successfully this year to protect itself from lawsuits against “Old GM.” In April, a judge protected “New GM” from many of those lawsuits. Read More >
Here’s some of the news you may have missed if you were out fighting the holiday crowds and spreading some of that Yuletide cheer by burning the hell out of some cookies you were planning on giving the neighbors. Read More >
Federal regulators Thursday fined Fiat Chrysler Automobiles $70 million for under-reporting death and injury claims from vehicles as far back as 2003, officials announced in a statement. The fine is related to a September announcement from the automaker to the Transportation Department that the automaker had violated terms of the Transportation Recall Enhancement, Accountability and Documentation (TREAD) Act.
The automaker issued a statement saying it would accept the penalty and agree to a consent order that would require FCA to submit crash data from the cars.
“FCA US LLC accepts these penalties and is revising its processes to ensure regulatory compliance. However, FCA US is confident that it identified and addressed all issues that arose during the relevant time period, using alternate data sources,” the company said in a statement.
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