Magna opens $50 million Michigan factory geared toward cameras
Federal mandates for rearview visibility and the growth of advanced driver-assist systems has boosted demand for cameras in vehicles.
Tesla exec turnover worse among Musk reports, analyst says
Tesla’s executive turnover is higher than major Silicon Valley-based technology companies and is particularly acute among those reporting to CEO Elon Musk, according to a new Bernstein report.
CDK settles Cox Automotive lawsuit, reports quarterly net loss
Terms of the settlement weren’t disclosed. CDK recorded a $90 million accrual for litigation in the quarter, part of which included the Cox resolution and the rest a reserve for remaining cases.
VW picks FCA, Kia veteran Saad Chehab to run U.S. marketing
In the new role, he will be responsible for repositioning the VW brand away from its 2015 diesel emissions crisis and toward a future with at least four battery-electric vehicles in the U.S. beginning in 2020.
Former NIADA President Andrew Gabler indicted on fraud charges
Gabler, who owned Lakeside Chevrolet-Buick in Erie County, Pa., and a former finance manager at the dealership were accused of reporting bogus sales and failing to repay the floorplan provider.