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General Motors might have cut more than 6,000 jobs this year, but it still might need to further shrink its manufacturing operations to address bloated inventories of some vehicles amid plateauing U.S. sales and pressure from Wall Street to avoid overproduction. The majority of GM's U.S. assembly plants, including some where a shift already has been eliminated, produce vehicles that on average have at least an 80-day supply, 33 percent more than what the industry generally considers healthy. GM has at least seven U.S. assembly plants that on average produced vehicles with greater than...
Bentley Motors plans a major shake-up of its executive ranks just a few months before launching the new Continental GT. Wolfgang Durheimer will step down as CEO of Bentley effective February 1, 2018; he will be succeeded by Adrian Hallmark, former global strategy director at Jaguar Land Rover.. Bentley's board members for engineering, sales and marketing, and human resources will also step down, effective January 1, 2018. Durheimer, 59, will stay on at the VW Group to assist with the automaker's motorsports efforts. It's a fitting culmination to a career that oversaw the...
Based on costumer reports Toyota and Lexus rank the top 2 brands for reliability for the fifth year in a row. The rankings of the remaining 25 brands reflect a game of musical chairs, however. Consumer Reports' 2017 Auto Reliability Survey found "growing pains" among automakers with new and updated cars and light trucks, with "wonky" engines and "jerky" eight- and nine-speed and continuously variable transmissions, as well as infotainment systems, among the top problems. The magazine said its survey shows some but not all automakers are quick to res...
About 310,000 Sienna minivans are recalled by Toyota Motor Corp. in the U.S.. The carmaker will work on fixing shift levers that could move out of park, perhaps causing the vehicle to roll away. The recall affects 2005-07, 2009 and 2010 Siennas, the automaker's North American unit. "Grease inside the shift lever assembly could transfer to other internal components," causing them to malfunction, Toyota said. The problem may cause the shift lever to slip out of park without the brake being pressed. This could cause the vehicle to roll away and may lead to a crash. The company ...
General Motors donates $5 million to a nonprofit organization founded by the patriarch of its largest American rival. The donation was announced Tuesday by the GM’s head of global product development, purchasing and supply chain, as part of a new partnership between the automaker and Henry Ford, a National Historic Landmark in Dearborn, Mich., established by Ford Motor Co.. With the gift, GM will sponsor the museum's rotating exhibit that will now be known as the Gallery by General Motors. Reuss said the mission is to offer exhibits that help promote science, technology, e...
