There’s room at the top at Hyundai Motor America after the sudden firing of CEO David Zuchowski, insider sources claim.
According to Automotive News, Zuchowski, who joined the company as sales chief in 2007 before taking the top job two years ago, didn’t achieve internal sales targets. As such, he’s reportedly out the door, replaced by an interim leader.
It might be hard finding someone to replicate Hyundai’s sizzling post-recession sales performance. (Read More…)
(Update: This story has been updated to reflect new information.)
Not since the dark days of the recession has General Motors had so many vehicles clogging its inventory.
Bursting at the seams with unsold cars (but not trucks or SUVs), the automaker will temporarily turn out the lights at five assembly plants and kill off three shifts in order to bring things back into balance. For thousands of workers, that means the kind of extended Christmas holiday you don’t want. (Read More…)
An evolving lineup that matches consumer demand is the hallmark of any healthy automaker, and Ford has no problem dropping unpopular models.
That’s the message delivered by Joe Hinrichs, Ford’s president of the Americas, who hinted that changes could be in store for the company’s car lineup in the face of a crossover and SUV-hungry marketplace. (Read More…)
Pickup trucks are about as stereotypically American as firearms, baseball, Coca-Cola, and landing on the moon. However, General Motors and Ford don’t want us hoarding all that goodness and plan on exporting their piece of the American pie to the East. The Big Two want to place large American trucks in the hands of upscale Chinese buyers and establish the eminence of a vehicle China currently sees as little more than a tool for farming or construction.
Coincidentally, that is exactly how our love affair with the truck began. (Read More…)
Did you make it out to the stores today? If so, we hope you’ve made it back home free of injuries. If you’re still in the thick of it, perhaps bartering with a stranger you’re a little bit scared of, well, best of luck.
No doubt some of you belong to that ambitious crop of Americans who valiantly fight off a food coma and struggle across floors flick with cranberry sauce, gravy and some sort of mashed root vegetable concoction to find your jacket and car keys on Black Friday morning. The sun hasn’t peeked above the horizon, but there’s deals to be had. You can smell them — that heated seat cushion that plugs into the cigarette lighter, cupholder vape dispensers, you name it — and no threat of long lineups, physical violence or crushing disappointment will deter you from achieving a Black Friday personal best.
So, we want to know: what automotive accessory lured you out of a warm home this morning? (Read More…)
BMW has announced to the world that it wants to increase electric vehicle sales to 100,000 units next year — choosing a figure that is hypothetically possible while remaining statistically unlikely.
Taking all bets.
Burying its loathed “shield”-style grille in the deepest depths of history’s dustbin is a big part of Acura’s plan to reverse falling sales, but product seems to be at least as big a problem as design.
The automaker, which has seen its U.S. sales fall 10.5 percent so far this year, is in the midst of a design pivot, though many feel that the brand needs a bigger shake-up then just a “diamond pentagon” grille. (Read More…)
The skyrocketing popularity of utility vehicles in the U.S. marketplace has left Honda scrambling to catch up with the rapid change in consumer demand.
Production doesn’t turn on a dime just because more Americans want to option of transporting four kids, their stuff, and their sister’s dog. So, as it trims its sales forecast due to a car-heavy product mix, Honda has rolled out a plan to give buyers more of what they want.
It’s also prepared to use boats, if necessary. (Read More…)
Ford Motor Company is finally figuring out the secret to General Motors’ most recent overseas sales success. Chinese shoppers are willing to pay more for a new car than consumers in other countries, but only if it piles on the luxury and, most importantly, prestige.
However, there’s still a long way to go before the Lincoln brand catches up to a surging Cadillac. That automaker only wishes it could find such sales gains in the United States.
Lackluster demand for several General Motors models has forced the automaker to announce shift cuts at two assembly plants, leading more than 2,000 lost jobs.
It’s unpleasant news for autoworkers in America’s manufacturing heartland, but the General hints that four-wheeled saviors are on the way. (Read More…)
Ferrari CEO Sergio Marchionne — who’s also the CEO of some other company — says the Italian automaker’s stable will be full of hybrid technology in three short years.
This isn’t an initiative designed to take Ferrari from red to green. Rather, it’s the only way it can boost sales without running afoul of the law. There’s cash to be made, and Sergio’s on the case.
Debt-heavy Fiat Chrysler Automobiles could do with some more spending money, so why not try something new?
Figuring it can squeeze more money out of its products — and boost its stock — if it focuses less on volume, FCA has embarked on a new sales strategy that isn’t new in the industry. Call it the General Motors Approach.
Imitation, as they say, is the sincerest form of flattery. (Read More…)
It was a bombshell decision that Fuji Heavy Industries describes as “extraordinary.”
Subaru’s parent company announced today that its board of directors has decided to eliminate its industrial division to free up resources for its car division. FHI built its empire on small industrial powerplants, spawning a quirky car company in the process, but that car brand is now the corporation’s main focus.
What does the new love mean for Subaru? (Read More…)
For the second time in a month, a union official’s loose lips has spilled information on a looming change in Ford’s lineup, only this time the product news isn’t an addition — it’s a funeral.
Yes, if the report is true — and Ford isn’t confirming it — the mighty Ford Flex will bow out of existence in 2020, leaving fans of the polished brick heartbroken. Still, there’s a mystery as to the fate of its leviathan-like platform mate, the Lincoln MKT. (Read More…)
General Motors and the Ford Motor Company both saw U.S. sales declines in the third quarter, but GM was the only one achieving earnings that widely beat expectations. Still, which company is playing the game better is up for debate.
This could turn out to be an Ant and the Grasshopper situation if there is another economic downturn on the horizon. The ant-like Ford could be more ready for an economic winter, while the improvident Grasshopper Motors is left out in the cold with acres of unsellable vehicles — forced to eat its own legs for sustenance.
Of course, if there isn’t an economic downturn, Ford is going to look like a lame duck next to GM’s golden goose.