| DAILY NEWSLETTER | March 12, 2012 |
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Volkswagen CEO Winterkorn's pay nearly doubles to $23 million
 WOLFSBURG, Germany (Reuters) -- Volkswagen AG CEO Martin Winterkorn's pay nearly doubled last year as Europe's biggest car maker posted record profits and deliveries.
Winterkorn earned 17.5 million euros ($23 million) in fixed salary, bonuses and ... >> story Published: Mar 12 10:45 am U.S. Eastern time
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Automotive Customer Centricity Summit
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For more info visit www.tlsummits.com | | | |
British court counts out U.S. Mahindra distributor
A British arbitration panel has decided against the would-be American importer of Mahindra-brand Indian pickups, according to a document filed last week with the Bombay Stock Exchange.
Global Vehicles U.S.A. of Atlanta, which had signed up nearly ... >> story Published: Mar 12 9:04 am U.S. Eastern time
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2 Automotive News Webinars this month will give dealerships tips on drawing more buyers from the Internet |
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| KEITH CRAIN
Don't write off EVs yet
 General Motors is shutting the Chevrolet Volt factory for five weeks because of excess inventory. That comes after a prolonged shutdown over the Christmas holiday.
One trouble with new technology is that people involved with that technology get so wrapped up in what they are doing that they start to think it's the be-all and end-all. Usually, it's not.
Too often when technology is introduced, particularly revolutionary technology in automobiles, it is overpromised and underdelivered.
For example, when the Wankel rotary engine was introduced, General Motors had huge plans for the engine, which was championed by ... >> Read the column Published: Mar 12 12:01 am U.S. Eastern time
| GREEN SHOOTS
Green tech: Breakthroughs, breakdowns
 Two recent events vividly illustrate the highs and lows that await investors in green automotive technology.
Interestingly, both involve General Motors' tech fund, GM Ventures.
-- The upside: Startup battery maker Envia Systems claimed a breakthrough last month, saying it can seriously boost the energy density of lithium ion batteries. The Newark, Calif., company says it will be able to cut by half the cost of a battery pack for a 300-mile range EV. GM Ventures invested $7 million in Envia in January 2011.
An EV battery pack at half today's prices still would be pretty expensive. But it would mark a significant ... >> Read the column Published: Mar 12 12:01 am U.S. Eastern time
| DOUGLAS A. BOLDUC
Peter Horbury watches for China's unique style cues
 Former Volvo design boss Peter Horbury is thinking hard about the future look of cars from China's Geely Group -- and he has a few ideas already.
The Englishman was named Geely Group senior vice president of design last October. When asked about his styling plans for future Geely models, Horbury said he would like to bring in elements that are unique to China.
Only a foreign pair of eyes would notice such design cues because those elements are so common to the locals, he told me.
Local styling is something that has worked very well at Volvo, which is now owned by Zhejiang Geely Holding Group, ... >> Read the column Published: Mar 12 12:01 am U.S. Eastern time
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