Trade News

Infiniti is idling production of the QX50 compact crossover because of the semiconductor supply crunch, leaving the brand's U.S. dealers short of two volume models.

QX50 assembly at Infiniti's COMPAS factory in Aguascalientes, Mexico, will be suspended in June, Automotive News has learned.

An Infiniti spokesman confirmed the stoppage and noted Q50 sedan output in Japan will also be idled next month.

"We continue to work closely with our supplier partners to assess the impact of supply chain issues and minimize disruption for our retailers and clients," the spokesman said.

The QX50 is the Japanese luxury automaker's bestselling model, accounting for about a third of Infiniti's first-quarter U.S. sales.

Dallas Fox, executive manager at Tim Dahle Infiniti in suburban Salt Lake City, expects to run out of QX50 inventory by mid-June and won't receive new product until July.

"We are going to have a lean summer," said Fox.

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DETROIT -- General Motors has promoted Craig Glidden to executive vice president of global public policy, the automaker said Friday.

The new position, effective June 1, will be combined with Glidden's existing role as general counsel. Glidden, 63, will report to CEO Mary Barra.

"Craig has a proven track record of building relationships and strengthening teams and plays a key role on GM's senior leadership team driving our company's vision for an all-electric future," Barra said in a statement. "Productive dialogue and partnerships with global leaders and policymakers are more important than ever as we build a more inclusive and sustainable future."

The combined role will streamline GM's EV plans, the automaker said in a statement.

Glidden will also oversee the appointment of a new global public policy senior executive to replace Everett Eissenstat, who plans to leave the company on Aug. 1 to pursue other opportunities, GM said. Eissensta…

ACV Auctions Inc.'s revenue grew 54 percent on an annual basis in the first quarter to $69.1 million.

The company's net loss for the period was $17.4 million, compared with a loss in the year-ago quarter of $27.5 million.

The digital automotive auction firm was in 125 U.S. regions at the end of the period and plans to grow to 160 by year end, company executives told analysts and investors in a conference call Thursday.

The company reaped about $385 million in net proceeds from an initial public offering at $25 per share on March 24.

Shares in the company fell 2.1 percent to close at $28.45 on Friday in New York.

Jeff Guyton, who came to Mazda's North American operations as president from its European business two years ago, has been named CEO of the U.S. subsidiary, effective June 24.

Guyton, 54, will succeed Masahiro Moro, who will assume a newly created global position of chief communications officer at Mazda's headquarters in Hiroshima, Japan.

Mazda has been gaining traction in the U.S. as of late, eking out a slight sales increase for 2020 despite the market disruption of the pandemic. Lifted by sales of fresh crossovers and the establishment of an in-house finance arm, the automaker's U.S. market share rose to 1.9 percent last year from 1.6 percent in 2019.

As CEO of Mazda North American Operations in Irvine, Calif., Guyton will assume oversight of an expanding business. In addition to managing U.S. sales and marketing, he will be responsible for Mazda Canada Inc., based in Toronto; Mazda Colombia, based in Bogota; and Mazda Motors de Mexico, based in Mexic…

David Regn, co-founder of advertising agency Stream Cos., explains how dealers can leverage digital channels and first-party data to reach more consumers and enhance the car-buying experience.

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Dealer Bernie Moreno, who last month announced he would run for U.S. Senate in Ohio, wasn't able to buy back his old Cleveland Motorsports dealership after all.

Terry Rafih, CEO of Rafih Auto Group in Windsor, Ontario, who in March 2019 bought the dealership selling Aston Martin, Bentley and Rolls-Royce in North Olmsted, Ohio, along with Mercedes-Benz and Porsche stores from Moreno, said he opted to keep the luxury dealership.

"We were doing a handshake deal, and then Bernie decided that he was going to go into politics," Rafih told Automotive News. "So the deal changed on many, many different occasions. So finally on the first week of April, I called Bernie, and I said, 'Look, I think you need to go do your politics, and I'm just going to keep the whole deal.' And that's what happened."

Moreno told Automotive News last month that he owned a 50 percent interest in the dealership and planned to buy the full interest.

But last week, More…

WASHINGTON -- A group of U.S. senators are close to unveiling a $52-billion proposal Friday that would significantly boost U.S. semiconductor chip production and research over five years, sources briefed on the matter told Reuters.

Sens. Mark Kelly, John Cornyn, Mark Warner and Tom Cotton have been negotiating a compromise measure to address the issue in the face of rising Chinese semiconductor production and shortages impacting automakers and other U.S. industries.

A spokesman for Cornyn said the senator has "not signed on to a semiconductor amendment."

Sources said there remains at least one sticking point over whether to include a provision on labor rates.

The chips funding is expected to be included in a bill the Senate will take up next week to spend more than $110 billion on basic U.S. and advanced technology research to better compete with China.

The proposal includes $49.5 billion in emergency supplemental appropriations to fu…

Taiwan's Hon Hai Technology Group — better known as Foxconn, manufacturer of the Apple iPhone — appears to be edging closer to entering the auto industry after signing a deal with Fisker Inc. to build a high-volume electric car with a price tag starting under $30,000.

The deal calls for Fisker Inc., of California, to design the vehicle and then hand it off to Foxconn to assemble at a plant in the U.S. No manufacturing locations were announced Thursday. Production is projected to begin in the fourth quarter of 2023.

Foxconn has a U.S. presence in Mount Pleasant, Wis. In 2017, it announced plans with great fanfare to invest $10 billion to build LCD displays there and create 13,000 jobs, but in April it scaled back its plans to $672 million and about 1,454. It is still unclear what will be built there, according to PBS Wisconsin.

Fisker refers to the vehicle as Project PEAR — Personal Electric Automotive Revolution. It will be conventional in the sense…

Stakeholders in autonomous vehicle technology are calling for industry and government to come together to create a common framework for safely testing and deploying AVs in the U.S.

During an industry roundtable event held virtually Thursday, safety experts and executives from AV technology companies discussed the importance of lawmakers and federal agencies such as NHTSA working with stakeholders to develop common standards that can speed the deployment of these technologies without stifling innovation.

"We need, first of all, for the public to understand why this is just bigger than saving lives on the road. It will impact everything in our lives, and we need to make sure that the United States is ahead," said Robbie Diamond, CEO of Securing America's Future Energy, the Washington-based group that hosted the event.

"We need a road map, of course, so that companies can do this safely and that people have trust. We need our agencies to step up if Capitol…

Penske Automotive Group Inc. has named a new CFO.

The retailer has promoted Shelley Hulgrave, a more than 14-year Penske employee, to replace J.D. Carlson, who is retiring after holding the position since June 2015. The moves are effective June 1.

Hulgrave, 42, has been the retailer's senior vice president and corporate controller since February 2020. She was promoted to that position after serving as Penske's vice president and corporate controller since June 2015. Penske, in a regulatory filing on Thursday, said Hulgrave’s salary is being increased to $500,000.

She joined the company in October 2006 as a corporate accounting manager, working with accounting teams in the U.S., Europe and Australia. Before working for Penske, Hulgrave held positions with DaimlerChrysler Financial and Ernst & Young.

"Ms. Hulgrave has a strong operational and technical background in finance and accounting and her experience and tenure with the Penske Automotiv…

For many car enthusiasts, attending the Pebble Beach Concours d’Elegance is a bucket-list occasion. Since 1950, the annual event in Carmel, Calif., has hosted the world’s most beautiful and expensive collectible cars for a week of lavish parties, blue-chip auctions, glamorous rallies, and exclusive high-roller meetings.

It was canceled last year because of the coronavirus pandemic, losing half of its routine $2 million-plus in sponsorships and ticket sales—not to mention the millions generated by the influx of tens of thousands of the world’s most avid car lovers to the Monterey Peninsula. But Sandra Button, the chairman of the Pebble, as long-timers call it, confirmed on May 12 that the show will indeed go on this year on its usual date, the fourth Sunday in August.

How many automakers come on board, however, remains to be seen. Mercedes-Benz, for years one of the brands with the biggest presence, will reportedly not inhabit the circus-size white tent it has …

A former Gentex Corp. project engineer who says she was advised to ask male co-workers to explain things to her to "make them feel better about working with her" has filed a lawsuit against the company.

Elizabeth Helminski is suing Gentex — a Zeeland, Mich., supplier of dimmable rearview mirrors and other electronic components — alleging gender discrimination and retaliation.

Helminski says she was regularly treated differently from her male co-workers. Brian Brackenbury, her supervisor at the time, is also named as a defendant.

Helminski was hired by Gentex in September 2018 and worked in a male-dominated environment, the lawsuit says.

"It was clear in the first couple months of employment that in addition to the males on the leadership team, there was generally a pro-male 'bro culture' in the working environment in many departments," the complaint said.

Helminski believes she was terminated in late September 2019 for raising concerns abo…