Since 1994, winners of the North American Car/Truck of the Year award have been chosen not by a single publication, but by forty-eight automotive journalists from the U.S. and Canada. This unique award recognizes the most outstanding vehicles that encompass innovation, design, safety, handling, driver satisfaction, and value for the dollar. General Motors dominated this years lineup, squeezing their way into 3 of the 6 finalist spots.
This year’s committee chose the Cadillac CTS, Chevrolet Corvette Stingray and Mazda3 as their Car of the Year finalists. → Read More
Renault SAS and Daimler AG have won the 2013 Franco-German Business Award for their industrial cooperation and cross-cultural achievements. Awarded by the Franco-German Chamber of Commerce and Industry, it recognizes French and German companies that are leaders in four areas: industrial cooperation, the environment, innovation and new technologies, and human resources.
“By every objective measure, this cooperation is one of the most productive in the auto industry, enabling all partners to increase economies of scale while keeping our brands and products distinct,” said Carlos Ghosn, chairman and CEO of the Renault-Nissan Alliance. → Read More
General Motors today announced that Dan Akerson, who guided the company through the , government’s ownership of GM, will step down as chairman and CEO on Jan. 15, 2014.
Mary Barra, executive vice president, Global Product Development, Purchasing and Supply Chain, was elected by the Board of Directors to become the next CEO of GM. Barra, 51, will become the first female CEO in the global automotive industry. → Read More
Late 2008 throughout most of 2009, the economy was in a recession, U.S. automotive sales fell to historically low levels and two manufacturers were on the brink of collapse. Federal and State governments stepped in to aid General Motors (GM) and Chrysler from collapsing, providing loans and other financial funds to save the companies from shutting its doors.
The Bush Administration used a chunk of the TARP program fund to try and stabilize the failing auto industry, an effort that was later expanded by President Obama. Obama’s Administration funneled $50 million into GM and received half of the auto company’s stocks in return for their resurrection. The government’s involvement → Read More
In support of Older Driver Safety Awareness Week (December 2-6), the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) has announced a strategic plan to ensure the safety of the nation’s growing population of older drivers and passengers. Since 2003, the population of older drivers (adults age 65 and older) has increased by 20% and the number of licensed older drivers increased by 21 percent, putting 35 million licensed older drivers on the road as of 2012.
Last year, according to the NHTSA’s latest issue of “Safety in Numbers”, → Read More