Author: Automotive News Breaking News Feed
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Marchionne vows never to repeat mistakes from Cherokee launch
Chrysler Group CEO Sergio Marchionne today acknowledged mistakes in the way the company developed and launched the 2014 Jeep Cherokee, and vowed to never repeat them. “What we’ve learned is that we’ll never repeat it,” he said.
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Subaru to debut sports tourer concept in Tokyo
Subaru today said it plans to unveil at November’s Tokyo Motor Show a new sports tourer concept, a wagon-shaped preview of a production model coming to market next year.
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Fiat lowers 2013 profit target as quarterly earnings decline
Fiat Group has lowered its profit target for 2013 as sales in Brazil slumped and losses in Europe persisted.
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Honda to sell electronic parts unit for about $500 million, report says
Honda has agreed to sell its electronic parts subsidiary to Japan’s Nidec Corp, a maker of precision motors, for about 50 billion yen ($509 million), the Nikkei business daily reported today.