Report: Scion exec admits brand has too many dealerships, may contract network

Filed under: Car Buying, Scion

2013 Scion FR-S - front three-quarter, red

Despite being conceived by corporate giant Toyota, Scion painstakingly built its reputation on being something of an offbeat, youth-minded brand, working hard to establish individualist, almost hipster-like credentials. So it comes as something of a surprise to hear WardsAuto report that Scion has a whopping 1,000 dealers across America – just 200 fewer than Toyota itself. This, despite a much smaller product portfolio and a sliver of the sales volume.

All those factors may explain why Bill Fay, US group vice president for Toyota, is admitting to the industry publication that its dealer network “might actually go down a little bit.” As it stands, the volume end of the equation is probably an even bigger incentive – Scion’s sales are way down from the salad days of the mid-2000s, when the brand had fewer models but sold more of them. With the (then) white-hot xB and tC models, Scion shifted 173,034 units in 2006, while Ward’s notes the marque’s 2013 sales are only at 41,261 units through July. In the story, AutoPacific analyst Dave Sullivan observes that other low-volume brands have far fewer dealer points, noting that Mini has just 115 dealer points and Infiniti has 200. By Sullivan’s estimate, he would expect to see 350-500 Scion stores based on its sales figures.

Dealer question aside, the bigger issue is where the brand goes from here, and Fay admits Toyota is studying a number of different strategies, including possibly going “small-premium.” Nothing is finalized, though according to Ward’s, Fay discounts the idea that the FR-S – the brand’s sales bright spot – will drive the brand to consider a more driver-oriented lineup.

Scion exec admits brand has too many dealerships, may contract network originally appeared on Autoblog on Thu, 08 Aug 2013 19:01:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Continue reading “Report: Scion exec admits brand has too many dealerships, may contract network”

Official: Ferrari exec to lead Jaguar North America

Filed under: Hirings/Firings/Layoffs, Jaguar, Land Rover

Jaguar has announced that Jeff Curry will be serving as the brand’s new North American vice president, effective August 13. The move is a coup for Jag, which lured Curry away from his previous posting as VP of marketing for Ferrari North America, and is further evidence of just how strong Jaguar’s comeback has gotten.

Curry has spent over 20 years in the auto industry, and has worked with Audi, SiriusXM and Land Rover, where he made his start in the industry. His primary responsibilities with Jaguar will cover marketing communications, customer relationship management, and product planning.

Jaguar Land Rover’s North American president, Andy Goss, heaped praise on the brand’s newest addition saying, “Jeff brings with him extensive automotive and luxury marketing experience, critical expertise in leading-edge technologies and a personal passion for automobiles.”

Scroll down for the official press release from Jaguar.

Continue reading Ferrari exec to lead Jaguar North America

Ferrari exec to lead Jaguar North America originally appeared on Autoblog on Tue, 06 Aug 2013 18:31:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Continue reading “Official: Ferrari exec to lead Jaguar North America”

Report: Red-light camera company exec put on leave after internet misrepresentation

Filed under: Etc., Government/Legal

red light camera

Bill Kroske, vice president of American Traffic Solutions, Inc., has been suspended after misrepresenting himself on two newspaper websites in western Washington. Kroske claimed to be a citizen in comments he made on both the Everett, Wash. Herald and the Spokane, Wash. Spokesman-Review.

In those comments, Kroske promoted American Traffic Solutions’ red light camera systems, which bust impatient travelers even when cops aren’t available. A reporter at the Herald found Kroske out after tracing comments he made back to Scottsdale, Arizona, where the company is based. That wasn’t the only clue, however.

It seems that Kroske used his work email address and real name to set up commenting accounts on both websites. He then proceeded to extol the benefits of red light camera systems on both newspapers’ sites. Evidently Kroske was ignorant of the fact that comments are moderated, and administrators can track their origins. For all the gory details on Koske’s online bumbling, head over to the Spokesman-Review’s website.

Red-light camera company exec put on leave after internet misrepresentation originally appeared on Autoblog on Mon, 23 May 2011 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Continue reading “Report: Red-light camera company exec put on leave after internet misrepresentation”

Saab picks Subaru exec as COO of North American business

Filed under: Etc., Saab, Subaru

saab badgeSaab finally has a few bucks to spend, and the Swedish automaker is doing just that by grabbing Timothy Colbeck, former Senior Vice President of Sales at Subaru. Colbeck is being thrust into the role of President and Chief Operating Officer for Saab’s North American business operations. Colbeck certainly has his work cut out for him, but a fresh capital infusion and some new models on the horizon should help.

Saab picks Subaru exec as COO of North American business originally appeared on Autoblog on Mon, 09 May 2011 16:16:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Continue reading “Saab picks Subaru exec as COO of North American business”

Ford discloses exec salaries, Mulally package worth over $26M

Filed under: Ford, Earnings/Financials, UAW/Unions

Alan Mulally

Ford had a very good financial year in 2010, with the company’s second consecutive year-over-year market share increase and a net profit of $6.6 billion. Those sparkling stats made Ford’s stock jump, with 68 percent in total gains for the year. And when stock prices soar, so do the executives’ compensation.

The Blue Oval filed its annual proxy with the U.S. Securities and Exchange Commission, and the fine print reveals some very happy executives. At the top, CEO Alan Mulally scored $1.4 million in salary, as well as $9.45 million in cash bonuses. Not a bad take-home, but the big cash comes after adding in long-term stock options, which brings the total to $26,520,515. If ever an auto exec were worth $26 million, Mulally is it.

Ford Chairman Bill Ford, Jr., didn’t do so bad, either. Ford’s $1.4 million salary and $2.7 million bonus is overshadowed by long-term stock options that balloon the total to $26,460,998. Ford’s numbers are a bit misleading since the chairman opted not to take any compensation until the company was solidly profitable.

Mark Fields, President of Ford Americas, took in $8.8 million in total compensation, followed by CFO Lewis Booth at $8.2 million and manufacturing and labor boss John Fleming at a mere $5.9 million. If you’re counting at home, the top six reaped a total of $75 million in compensation in 2010. Now that’s a good year, folks. Hit the jump to read over Ford’s cash-stuffed press release.

[Source: Ford | Image: AP Photo/J. Scott Applewhite]

Continue reading Ford discloses exec salaries, Mulally package worth over $26M

Ford discloses exec salaries, Mulally package worth over $26M originally appeared on Autoblog on Fri, 01 Apr 2011 16:32:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Continue reading “Ford discloses exec salaries, Mulally package worth over $26M”

Report: Top Think NA exec steps down

Filed under: Etc., Europe, Hatchback, Electric

Richard CannyAccording to Automotive News, Think North America Vice Chairman Richard Canny has left the company. Canny has officially resigned his post with the electric vehicle maker and will part ways with his former employer at the end of this month to pursue “a new adventure and challenge.” Beyond that cryptic explanation, there’s little indicating why the former Ford executive would leave the company after helping to salvage the automaker from near ruin. Canny helped Think start European production in Finland, re-ignited European sales, and led the EV-maker to purchase and refurbish a plant in Elkhart, Indiana among other feats.

While speaking with Automotive News, Canny said that he has a range of other opportunities open to him, but for now, he plans on taking some time to be with family in Australia. He has previously served as the worldwide director of strategic planning for Ford, president of Ford South America, president of Ford Argentina and the managing director of Ford Malaysia.

[Source: Automotive News – Sub. Req.]

Report: Top Think NA exec steps down originally appeared on Autoblog on Thu, 20 Jan 2011 17:31:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Continue reading “Report: Top Think NA exec steps down”

Report: GM exec says 60,000 Chevy Volts may be built in 2012

Filed under: Hybrid, Sedan, Chevrolet, GM, Electric

2011 Chevrolet Volt

2011 Chevrolet Volt – Click above for high-res image gallery

We’ve known all along that General Motors planned to ramp up production of the 2011 Chevrolet Volt, with 10,000 to 15,000 sales in the first year of production. But what of 2012? The Detroit News is reporting that Doug Parks, GM’s electric vehicle executive, said at the Business of Plugging In conference that in 2012 the Volt will “be in this max rate of 60,000.” Parks insists that The General can move that many Volts in 2012, and possibly more. Given the fact that the Volt’s 2012 production was moved from 30,000 to 45,000, we’re thinking there’s a solid chance GM hasn’t stopped adjusting it’s production figures.

In other Volt news, GM is hoping to get official efficiency figures from the Environmental Protection Administration within the next month. Parks said at the conference that the company expects the Volt will fall somewhere in the 25-50 mile range in electric-only mode. GM has said since the Volt concept was unveiled in 2007 that it was shooting for 40 miles in EV mode, though Parks is hoping the Volt will over-deliver. As far as miles per gallon go, Parks says the Volt is hitting mid to high 30s combined while the gasoline engine is charging the batteries.

Gallery: 2011 Chevrolet Volt

[Source: Detroit News]

Report: GM exec says 60,000 Chevy Volts may be built in 2012 originally appeared on Autoblog on Mon, 18 Oct 2010 14:01:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Continue reading “Report: GM exec says 60,000 Chevy Volts may be built in 2012”