Month: June 2013

Nexteer Automotive, the Michigan-based auto supplier controlled by China’s biggest aerospace company, plans to start gauging demand for an initial share sale this week, two people with knowledge of the matter told Bloomberg.

U.S. light vehicle sales rose 8 percent in May as the industry rebounded from a disappointing April amid a surge in pickup sales and a rise in retail demand.

Nissan, Ford, Chrysler Group and Subaru posted double-digit increases in May sales while Honda, GM and Toyota recorded smaller gains.

Nissan, Ford, Chrysler Group and Subaru posted double-digit increases in May sales while Honda, GM and Toyota recorded smaller gains.

Rising demand for Ram pickups, large SUVs and cars helped Chrysler Group’s sales increase 11 percent in May. The company’s car sales rose 16 percent while light truck deliveries advanced 9 percent, Chrysler said today.

Exor, the Agnelli family company that controls Fiat, has sold a 15 percent stake in Swiss company SGS for 2 billion euros ($2.6 billion). The move frees up resources ahead of the automaker’s planned merger with Chrysler Group.

Bill Bruce, the first general manager of Nissan’s Infiniti Division when it was launched in 1989, died May 28. He was 70. He was a pioneer in bringing customer service pampering to automobile dealerships and customer relationships.

Suppliers and carmakers are trying out competing energy-storage systems to power the fuel-saving engine stop-start systems that are increasingly common on vehicles.

Nissan dealers have given the franchise a poor report card just as a new management team takes over. Former Ram Truck CEO Fred Diaz, brand new to his job as U.S.

The showdown between Tesla and Texas dealers is over — for now — with Tesla founder Elon Musk suffering his second straight setback in his fight to sell electric cars directly to consumers.