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Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.

First of five free Suzuki S-Crosses collected

SUZUKI has come over all charitable with the news that it has given away the first of its free S-Cross models that are up for grabs. Entrants to the competition had to nominate someone they knew to receive a free S-Cross car – and well-equipped models, too – with a brief explanation of why the nominee deserved it. The first to pick up their free new 14-plate crossover were a ‘very surprised’ Phillip Southward and wife Sue, who collected their SZ4-spec S-Cross at Suzuki’s RRG dealership in Stockport.

GM to invest $2 billion in 17 plants

General Motors said Tuesday that it will invest about $2 billion in 17 plants across eight states in the United States. "We are doing this because we are confident about demand for our vehicles and the economy," GM CEO Dan Akerson said in a statement. Akerson made the announcement at GM's transmission plant in Toledo, along with Ohio Gov.