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  • DETROIT - General Motors CEO Mary Barra's compensation more than tripled in 2014 to $15.8 million in her tumultuous first year in the automaker's top job.Barra and other top executives got only 74 per cent of the cash incentives they could have received, because GM fell short of goals set …

    April 24, 2015

  • New credit chief at Jim Gauthier Chevrolet

    Andrew Kingsley is the new "King of Credit" at Jim Gauthier Chevrolet on McPhillips Street.Following a trend in the industry, Jim Gauthier Chevrolet has opened a new sub-prime finance office, and Kingsley -- a veteran automobile-sales representative who joined the staff last June -- has been designated to be the …

    April 24, 2015

  • Chevrolet keeping 'Bolt' name for production model

    Chevrolet will be keeping the "Bolt" nameplate for the production-spec model.That's the latest word from USA Today, which spoke to Chevrolet marketing head Tim Mahoney. The decision comes after GM was in talks to rename the hatchback in an effort to reduce confusion between it and the Volt when they …

    April 24, 2015

  • Electric cars may not be the way of the future, engineer says

    Yoshikazu Tanaka, the chief engineer behind the hydrogen fuel cell-powered Toyota Mirai, is calling the long-term viability of electric cars into question.Speaking to Automotive News, Tanaka disagrees with electric vehicle proponents, saying fast charging times will "defeat the purpose" of EVs despite any improvements to charging times and infrastructure."If you …

    April 24, 2015

  • DETROIT - Ford Motor Co. said Thursday it's laying off 700 workers at a Michigan assembly plant because of slow sales of the small cars and hybrids it makes.The Michigan Assembly Plant, in the Detroit suburb of Wayne, will move from three shifts to two starting June 22, spokeswoman Kristina …

    April 23, 2015

  • PARIS - France's Renault says its revenue rose 13.7 per cent in the first quarter as Europe's recovering car market helped offset slumps in Russia and Brazil.Renault reported revenue of 9.39 billion euros ($10.1 billion) for the January-March quarter thanks to demand in Europe, where sales of its Clio and …

    April 23, 2015

  • DETROIT - General Motors CEO Mary Barra is dismissing any talk of a possible merger with Fiat Chrysler Automobiles.Barra tells analysts on a conference call that the company is focused on making its business more efficient and taking full advantage of its global size. She says GM won't consider anything …

    April 23, 2015

  • DETROIT - Fiat Chrysler Automobiles is recalling 58,833 older cars and SUVs with manual transmissions.The recall covers 2006 Jeep Liberty and Wrangler SUVs and Dodge Viper cars produced between Feb. 15, 2005, and Sept. 14, 2006. Of those, 43,874 were sold in the U.S. The rest were sold in Canada, …

    April 23, 2015

  • Issues surrounding General Motors Co.'s recall of 36 million vehicles worldwide last year for safety issues continue to haunt the company. Here are by-the-numbers details of the recall problems, including new information filed Thursday in GM's first-quarter report to securities regulators:— 87: Number of deaths compensation expert Kenneth Feinberg has …

    April 23, 2015

  • TORONTO - Toromont Industries Ltd. (TSX:TIH) has reported high, single-digit growth in both revenue and profit despite what the big Toronto-based Caterpillar dealer described as "a relatively tough market environment."Toromont said net income in the first quarter rose eight per cent to $20.1 million or 26 cents per share from …

    April 22, 2015

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