Author: Automotive News Breaking News Feed
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GM’s $27 billion in cash may be targeted by activist investors
GM will be a tempting target for activist investors if it doesn’t quickly return cash to shareholders from what the automaker calls its ‘fortress balance sheet.’
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Hyundai unveils new Genesis sedan aimed at boosting U.S. sales
Hyundai unveiled a revamped all-wheel-drive Genesis premium sedan today that will go on sale in the U.S. next year to revive flagging sales in the model’s largest market.
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PSA CEO succession seen as key to completing Dongfeng alliance deal
PSA’s move to name former Renault No. 2 Carlos Tavares as its future CEO could help secure an alliance with Dongfeng Motor Corp., which may be the carmaker’s last chance to end its reliance on Europe’s slumping car market.