Tesla's Q2 net loss widens to $62 million as randd expenses soarAuto News

Tesla's net loss widened to $61.9 million in the second quarter even though it assembled and delivered record numbers of Model S electric cars. Revenues surged nearly 90 percent.



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Tesla's Q2 net loss widens to $62M as randd expenses soarAuto News

Tesla Motors said its net loss widened to $61.9 million in the second quarter, even though it assembled and delivered record numbers of Model S electric cars and recorded a 90 percent increase in revenue.



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Supplier exec pleads guilty to fixing Toyota parts pricesAuto News

An executive from GS Electech, a supplier to Toyota, pleaded guilty today to playing a role in an international conspiracy to rig bids and fix prices on auto parts, the Department of Justice said.



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Ford, GM Cut Parts to Boost Payload Claims (7/31/14)

Automakers delete bumpers, spare tires to calculate key metric; Fields’ currency concern;...

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Superior's Q2 net income drops 21%; Ark. plant to closeAuto News

Aluminum wheel supplier Superior Industries International said today that its second-quarter net income tumbled 21 percent from the year-earlier period to $5 million on flat sales of $199 million.



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BorgWarner net income up 9% for Q2 as engine division growsAuto News

BorgWarner, a supplier of turbochargers and emissions systems, reported a 9 percent increase in net income for the second quarter as its engine division grows and the European market -- which makes up about half of the company's customer base --...



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Future car colors inspired by Midwest homes, landscape, BASF saysAuto News

Future cars and light trucks will sport more sparkling oranges and browns, soft blues and greens, and pearly whites and grays -- all inspired by the clear skies, lush lawns and warm homes found in the nation's heartland -- according to trend...



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Denso's quarterly profit falls on Japan labor costs, compact car shiftAuto News

Denso, the Toyota-affiliated auto supplier, posted a 16.7 percent drop in April-June quarterly operating profit from a year earlier as domestic labor costs rose and as automakers sold more compact cars in Japan that tend to be less profitable.



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GM missed red flag from rental car firms on fatal crashesAuto News

More than seven years before GM began the biggest wave of auto recalls in history, an investigator for Vanguard Car Rental contacted the carmaker about a fatal rollover crash in California. Vanguard wasn't alone.



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Delphi reports strong Q2 profit, but next quarter may disappointAuto News

Delphi Automotive Plc today reported stronger-than-expected second-quarter profits, but offered a lower forecast for the third quarter.



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Mazda, Subaru profit from strong U.S. sales amid downturn in JapanAuto News

Japanese automakers Mazda and Subaru parent company Fuji Heavy Industries said they are on track for record full-year profits after strong sales in the United States powered double-digit profit growth in the April-June quarter.



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Fiat investors likely to approve Chrysler mergerAuto News

Fiat shareholders will likely approve the automaker's merger with Chrysler when they meet in Italy for the last time on Friday. Industry watchers expect Fiat to win the two-thirds majority vote needed for a merger.



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Tesla, Panasonic agree to team on U.S. gigafactoryAuto News

Tesla Motors and Panasonic have agreed to cooperate on the construction and operation of the American carmaker's so-called gigafactory, its envisioned large-scale battery manufacturing plant in the United States.



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VW profit falls in Q2 amid emerging-market troublesAuto News

Volkswagen said operating profit declined 3.1 percent in the second quarter as emerging-market volatility weighed on earnings.



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GM, too, removes parts to weigh pickups, boost payload ratingsAuto News

GM says it deletes heavy items such as the rear bumper from certain pickups when it weighs them in order to boost the vehicles' maximum payload ratings.



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Lexus' plans exclude China plantAuto News

Lexus has no plans to join the rush of carmakers manufacturing in China because it has to learn to crawl in that market before it runs, a top executive says.



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Chrysler recalls nearly 30,000 Fiat 500L cars for airbag glitchAuto News

Chrysler Group is recalling 29,500 Fiat 500L cars from the 2014-15 model years to replace knee airbags that may not deploy in the correct position if the driver is not wearing a seatbelt.



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Mitsubishi's quarterly profit gains paced by EuropeAuto News

Europe was Mitsubishi's most profitable region in the fiscal first quarter ended June 30, the company said today.



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Marchionne says he is open to new alliances but won't sell Alfa RomeoAuto News

Fiat CEO Sergio Marchionne reiterated that Alfa Romeo will not be sold but said he remains open to forming alliances with other carmakers if it helps cut costs.



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GM resumes pickup output at Indiana plantAuto News

Production resumed today at one of GM's three pickup plants after being idled because of an interruption in sheetmetal supplies, the company said.



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Toyota Cuts Famed Andon Cord (7/30/14)

Factory fixture that stops line replaced with button; tech-filled C class; Hyundai Sonata recall;...

from TumblrCynthia Lin

Automakers seek delay on pedestrian-alert systems for hybrids, EVsAuto News

Automakers, citing delays at NHTSA, want the agency to postpone rules that would require hybrids and electric vehicles to be equipped with pedestrian-alert systems.



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Toyota luxury boss says sub-$30K car 'wouldn't be a Lexus'Auto News

A senior Lexus executive said that a car priced below $30,000 would not be worthy of the brand, in an indirect dig at German rivals who have been moving downmarket.



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Audi CEO vows efficiency drive to enhance margins, report saysAuto News

Audi plans steps to boost efficiency and lower costs on all operating levels, according to a senior company source, as the luxury carmaker struggles to raise output and profit margins.



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Fiat targets improved Chrysler margins to meet '14 profit goalAuto News

Fiat plans to review leasing and incentive practices in North America to boost margins in the region and meet global full-year earnings targets after second-quarter operating profit in the region fell 18 percent, despite a 7 percent rise in sales.



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Germany's ZF in advanced talks to buy TRW for near $12 billion, report saysAuto News

Germany's ZF Friedrichshafen AG is in advanced talks to acquire TRW Automotive for nearly $12 billion, in a deal that would create an automotive supply powerhouse, people familiar with the matter told Reuters today.



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GM, short of sheetmetal, idles pickup output at Ind. plantAuto News

Production at one of General Motors' three pickup plants has been idled because of an interruption in sheetmetal supplies, the company said today.



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Redesigned Mercedes-Benz C-class sedan packed with new techAuto News

Mercedes-Benz is vying for the luxury compact crown with the redesigned 2015 C-class sedan, equipped with new technology and features trickled down from the S-class flagship.



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Hyundai recalls 883,000 Sonata sedans to repair transmission-shift cable Auto News

Hyundai is recalling about 883,000 Sonata mid-sized sedans in the United States and Puerto Rico because a potentially defective transmission-shift cable could increase the risk of a crash.



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Penske Q2 net income rises 18% on strong gains in all segmentsAuto News

Penske Automotive Group today said second-quarter net income rose 18 percent from the year-earlier period, on higher new- and used-vehicle unit sales. Penske posted net income of $74 million, as revenues increased 21 percent to $4.41 billion.



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Fiat reports fall in Q2 profitAuto News

Fiat, preparing for shareholders to vote on its merger with Chrysler Group in two days, reported a fall in second-quarter operating profit as a better performance from its luxury brands and its Asia and European operations failed to offset weak...



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VW closes gap on Toyota's global sales leadAuto News

Volkswagen is closing in on Toyota as the global leader in vehicle sales, with a rapid expansion drive in China while Toyota curbs growth to focus on shoring up quality.



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Small cars struggle in latest round of IIHS crash testsAuto News

Small cars performed poorly in a new round of insurance industry crash testing, with the four-door Mini Cooper Countryman receiving the only good rating of 12 cars evaluated.



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Land Rover preps Discovery Sport with seating for 7Auto News

Land Rover confirmed plans Tuesday to offer a Discovery Sport model -- billed as a compact, family SUV -- that will be available with seating for seven passengers in a 5+2 configuration.



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GM sued over deaths, injuries linked to ignition switchAuto News

General Motors was hit Tuesday with a lawsuit brought on behalf of more than 650 people allegedly injured or killed in accidents involving cars that have been recalled this year for faulty ignition switches.



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Kia hints at next Sorento with design sketchesAuto News

Kia Motors plans to unveil the redesigned, third-generation Kia Sorento next month in Korea.



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Mercedes-Benz violated Alabama workers' organizing rights, judge rulesAuto News

An administrative judge for the National Labor Relations Board ruled that Mercedes-Benz violated the organizing rights of workers at its Alabama plant by not allowing the distribution of union literature in common areas during off-work hours.



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Chrysler 200's Surprise Appeal (7/29/14)

Volume car is luring buyers from Lexus, Cadillac, brand chief says; Toyota’s fuel-cell future;...

from TumblrCynthia Lin

Ford's new F-150 takes aim at Ram's highway mpg crownAuto News

Ford hopes to regain fuel economy bragging rights in big pickups by offering a special 'SFE' package on the aluminum-bodied 2015 F-150. The Super Fuel Economy package -- or SFE -- will come on the XL model.



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Chrysler sued over Jeep ignition-switch failuresAuto News

Chrysler was sued over allegedly faulty ignition switches in Jeeps, in a follow-up to more than 120 lawsuits General Motors faces over the same defect.



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AvtoVAZ CEO Bo Andersson aims to restore pride to LadaAuto News

Bo Andersson, a former top purchasing manager at General Motors, aims to turn around the struggling Russian automaker AvtoVAZ through cost reductions and launching new Lada cars that can compete with Western competitors.



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Robotics suppliers post record business in North AmericaAuto News

Robotics suppliers, paced by automakers preparing for new-product launches, posted records for orders in North America during the second quarter and first half of the year, an industry trade group reported today.



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GM dogged by recalls, lingering dealer disputes in CanadaAuto News

A wave of recalls, lingering disputes with dealers after its 2009 bankruptcy, and weak pickup volume are undermining GM's sales in Canada, the company's seventh-biggest market.



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Ford switching employees to iPhones from BlackBerriesAuto News

Ford is deploying iPhones for corporate use to employees worldwide, scoring a win for Apple as it seeks to lure more corporate customers.



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Near-record auto lending drives Ally Q2 profit higherAuto News

Ally Financial reported a bigger-than-expected quarterly profit today as auto lending jumped 11 percent to the second-highest level in the company's history.



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Suzuki recalls 25,900 Verona sedans in U.S.Auto News

Suzuki is recalling 25,900 Verona sedans from the 2004 to 2006 model years in the United States on the increased risk of a fire linked to daytime running lights, federal safety regulators said today.



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Tesla's Musk to portray himself on 'The Simpsons'Auto News

Tesla Motors CEO Elon Musk will be providing the voice for himself in an episode in the 26th season of 'The Simpsons,' the show's executive producer, Al Jean, said at a recent Comic-Con panel.



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Toyota plans to name $69,000 fuel-cell vehicle Mirai, report saysAuto News

Toyota is planning to name its $69,000 fuel-cell car Mirai, the Japanese word for future, a person familiar with the decision told Bloomberg.



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TRW net income rises to $265 million in Q2Auto News

Automotive safety technology supplier TRW Automotive Holdings today said its second-quarter net income rose 7 percent to $265 million. Total revenue during the quarter rose 2 percent to $4.6 billion, the company said in a statement.



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Honda profit rises 7 percent on cost cuts, Japan salesAuto News

Honda's quarterly operating profit rose 7 percent to $1.94 billion as lower sales in the United States were offset by costs cuts and the company's stronger focus on Asian markets.



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Honda profit rises 7 percent on cost cuts, Japan salesAuto News

Honda's quarterly operating profit rose 7 percent to $1.94 billion as lower sales in the United States were offset by costs cuts and the company's stronger focus on Asian markets.



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Honda's summer clearance makes an impressionAuto News

Honda's promotion for its summer sales clearance offered the only new video on our viral video list this week, but three videos from Toyota, Jaguar and Ford broke back into the top 10.



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Ford hikes revamped F-150 pickup prices as much as $3,615Auto News

Ford is raising prices on the new 2015 aluminum-bodied F-150 pickup by $340 to $3,615, or 1 percent to 8 percent, and has trimmed the number of models to five from 11.



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Tenneco's Q2 profit rises 29% on record revenueAuto News

Tenneco, a ride-control and emission-control systems supplier, today reported that its net income rose 29 percent in the second quarter from a year ago to $81 million on record revenue of $2.2 billion.



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Many drivers are ready for autonomous cars, survey saysAuto News

A significant percentage of drivers are ready for their cars to do the driving for them. In a study conducted in June by Insurance.



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Consumer Reports presses Toyota to recall some 177,500 Camry hybridsAuto News

Consumer Reports called on Toyota to recall about 177,500 older Camry hybrid sedans to address potential power brake defects.



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Ford Hikes F-150 Prices (7/28/14)

antv_20140728 Source Automotive News

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GM, Toyota plan to resume production in South AfricaAuto News

GM and Toyota plan to resume production on Tuesday in South Africa and the nation's largest union agreed to end a four-week strike in the metals sector after accepting a wage increase offer from employers.



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Tesla, Panasonic reach agreement on U.S. battery plant, report saysAuto News

Panasonic has reached a basic agreement with Tesla Motors to initially supply the electric automaker's proposed lithium-ion battery plant in the United States with machinery to make battery cells, the Nikkei said.



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2015 Cadillac ATS offers wireless charging dockAuto News

General Motors will offer wireless charging for smartphones for the first time in the 2015 Cadillac ATS sedan and coupe when they are launched this fall.



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Ford hikes revamped F-150 pickup prices as much as $3,385Auto News

Ford is raising prices on the new 2015 aluminum-bodied F-150 pickup by $340 to $3,385, or 1 percent to 7 percent, and has trimmed the number of models to five from 11.



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Ford raises F-150 prices, dealers begin ordering 2015 modelsAuto News

Dealers today began ordering 2015 Ford F-150 pickup trucks, which are lighter than earlier models, priced higher and include additional standard features, the company said.



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Akerson says GM's problems were worse than execs thoughtAuto News

Former General Motors CEO Dan Akerson said the automaker's delayed ignition switch recall was indicative of a flawed corporate culture that was worse than he and other executives had originally recognized.



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BMW unveils cheaper, suitcase-sized EV chargerAuto News

BMW Group, which sees rapid recharging as key to the success of its new BMW i3 electric vehicle, said today that it has helped develop a less expensive charger the size of a small suitcase that could help create a nationwide charging network.



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GM Korea reaches tentative wage deal, averting strikeAuto News

General Motors' South Korean unit reached a tentative wage deal with its labor union today, averting a potential strike at one of its key Asian production bases.



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Nissan profit rises 37% on U.S., China demandAuto News

Nissan said net income rose 37 percent to $1.1 billion in the April-June quarter as deliveries rose in the United States and China, its two biggest markets.



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Ford, Ram quarrel over heavy-duty pickup towing titleAuto News

Ford Motor Co. is threatening legal action if Ram keeps claiming that its pickups offer "best-in-class" towing. Ram's response? In so many words, it's telling Ford to go pound sand.



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GM moved faster to fix larger carsAuto News

General Motors treated isolated reports of flimsy ignitions in its mid-sized, full-sized and luxury cars more urgently than similar but far more voluminous complaints about the less profitable Chevrolet Cobalt and Saturn Ion, documents GM submitted...



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Asbury to double pace of acquisitionsAuto News

Asbury Automotive Group Inc. aims to double its acquisition pace during the next 18 months.



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Sonic 'delighted' with rollout of new retail planAuto News

Three weeks into Sonic Automotive Inc.'s customer experience initiative, customers at the pilot store aren't yet getting the promised iPad-enabled transaction with a single salesperson.



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Global product expert in Lincoln driver's seatAuto News

Ford CEO Mark Fields, in his first major personnel move since taking over, announced Kumar Galhotra's appointment last week among several changes in Ford's product development organization.



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Performance push from Japan's Big 3Auto News

Toyota, Honda and Nissan -- and their upscale offshoots -- are out to change the "reliable but unexciting" impression with several high-performance halo cars.



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Porsche is dropping base CayenneAuto News

Porsche is dropping -- at least for now -- its base-model Cayenne, which had started at $50,595.



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GM, Ford financials could veer in 2nd halfAuto News

While General Motors' second-quarter profits were hammered by the costs of its massive recall, across town Ford Motor Co. reported a robust profit bolstered by a record second quarter in North America.



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GM's top N.A. lawyer shares hot seat with bossAuto News

When Lucy Clark Dougherty was named General Motors' top lawyer for North America in 2011, she was considered the likely candidate to succeed General Counsel Michael Millikin.



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Honda pushes dealers for buyers' signatures on airbag liabilityAuto News

"I understand that if this used car I'm buying is in a crash, the airbag could kill me." That's the gist of a document that American Honda Motor Co. wants its dealers to require buyers of certain 2001-11 used Honda and Acura vehicles to sign.



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Audi cuts spare-part prices in China amid anti-monopoly probeAuto News

Volkswagen AG's luxury Audi brand plans to cut spare-part prices in China as global automakers rush to change their pricing strategies after Chinese anti-monopoly regulators began probing the auto industry.



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Jaguar Land Rover taps ex-military to combat skills shortageAuto News

Jaguar Land Rover has created a training course to attract former military personnel amid a shortage of skilled workers in Britain. Ford and Bentley are also competing for talent with trainee programs as the U.K.'



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OnStar change targets service visitsAuto News

Starting with its 2015 models, GM will offer buyers free monthly vehicle-diagnostic reports through OnStar, and allow those customers to sign up to receive maintenance notifications from their dealerships.



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'Cash for clunkers opened up the floodgates'Auto News

The Car Allowance Rebate System, also known as cash for clunkers, was a lifeline at a desperate time for the U.S. auto industry.



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Nissan expands U.S. recall of cars with defective Takata airbagsAuto News

Nissan is expanding by 226,326 vehicles a U.S. recall of older models equipped with defective airbags made by Takata, Nissan said in an amended filing posted Saturday by U.S. safety regulators.



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VW brand replacing global marketing chief Auto News

The global marketing chief for the VV brand, Simon Thomas, is leaving after about a year in the post. Thomas will be succeeded by Xavier Chardon, the VW brand's European sales chief.



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Millennials drawn to car-sharing services, but eventually, they buyAuto News

Car- and ride-sharing programs are changing the way city dwellers get around and the way millennials think about car ownership.



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AutoNation: Recalls crimp serviceAuto News

The record recalls this year are creating capacity bottlenecks in the service shops of the country's largest new-vehicle dealership group.



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Mitsubishi retools flagship Japan plant before hybrid pushAuto News

Mitsubishi is overhauling its flagship assembly plant in Japan to slash production costs and boost capacity as it readies for increased output of plug-in hybrid vehicles.



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Jaguar Land Rover cuts prices on 3 models in China in response to government probeAuto News

Jaguar Land Rover will cut prices on 3 models by an average of $32,300 starting August 1, after the National Development and Reform Commission, China's state planner, launched an investigation into monopolistic prices in the auto industry, the...



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Fisker's Chinese owner plans 2nd model after Karma output resumesAuto News

The Chinese owner of Fisker Automotive hopes to launch a second model that would join the $100,000 Karma luxury plug-in hybrid in three years, according to the company's chairman.



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Japan 3 Product Preview (7/25/14)

Our look at what’s ahead for Nissan, Honda and Toyota; what has Mercedes saying...

from TumblrCynthia Lin

Porsche Cayenne to offer new twin-turbo engine, plug-in hybrid for '15Auto News

The freshened '15 Porsche Cayenne will offer a new twin-turbo engine, a plug-in hybrid model, and prices that range from 3 to 11 percent higher, when it goes on sale Nov. 1 in the United States.



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Hella planning IPO later this year, report says Auto News

German automotive supplier Hella is working with Citigroup and banks on an initial public offering later this year, according to people with knowledge of the matter.



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NHTSA to investigate older GM models for software, airbag glitchAuto News

NHTSA will investigate whether 320,000 older Chevrolet Impalas have a software defect that might cause airbags to fail to deploy in a crash.



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Strong retail demand to push U.S. sales higher in July, forecasts showAuto News

The pace of U.S. auto sales has slowed slightly after hitting an eight-year high in June, but July's results are still shaping up to be at least 9 percent better than a year ago, according to four forecasts.



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VW said to consider planning center in Brazil to revive salesAuto News

VW Group is mulling a planning center in Brazil. It would be part of the automaker's 3.6 billion euro ($4.85 billion) investment in new models, plants and technology for the country through 2018, sources said.



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GM remains bullish on Chevrolet-Manchester United sponsorship deal Auto News

One bad season for Manchester United has not shaken GM's belief in its $559 million (415 million euro) sponsorship deal with the English soccer club.



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South African union said to reject wage deal to end strike, resume car outputAuto News

South Africa's biggest union will probably reject the latest pay offer from employers to end a three-week strike that has idled light-vehicle output and other manufacturing because of a clause related to workplace bargaining, a union official said.



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Mazda expands U.S. recall of cars with faulty Takata airbagsAuto News

Mazda will broaden a recall of cars sold in the United States because an airbag inflator, supplied by Japanese supplier Takata, could rupture and seriously injure occupants.



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Lear profits rise on higher vehicle output, record seating volume, electrical gainsAuto News

Lear's second-quarter profits rose to $148.5 million on higher light-vehicle output, record seating sales, and solid gains and expanded profit margins in its electrical distribution business.



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Ford, FBI investigating former engineer for possible espionageAuto News

An engineer recently fired by Ford is being investigated for possible espionage after the FBI found listening devices installed in the company's headquarters, The Detroit News reported today.



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FBI investigating former Ford engineer for possible espionageAuto News

An engineer recently fired by Ford is being investigated for possible espionage after the FBI found listening devices installed in the company's headquarters, The Detroit News reported today.



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Audi, BMW and Mercedes pressure Ford, GM as UK market boomsAuto News

Germany's premium automakers are benefiting most from the UK car market boom. Audi, BMW and Mercedes are winning customers from mass-market brands such as Ford and Vauxhall.



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ZF's pursuit of TRW may spark wave of mergers in supply chainAuto News

The biggest auto-parts deal since 2007 may be just the start of consolidation, with Autoliv and Visteon among the next potential targets, analysts say.



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ZF's pursuit of TRW may spark wave of mergers in supply chainAuto News

The biggest auto-parts deal since 2007 may be just the start of consolidation, with Autoliv and Visteon among the next potential targets, analysts say.



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Bentley may add a fifth model after SUV launchAuto News

Bentley may add a fifth model to its lineup after it launches an SUV in 2016, CEO Wolfgang Duerheimer said. The new model could be a two-seat sports car or a larger model slotted between the Continental GT coupe and Mulsanne sedan.



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GM may put Brazil workers on paid leaveAuto News

GM wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union says, amid falling output in Latin America's largest economy.



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GM Near End of Recall Push (7/24/14)

Safety blitz ‘substantially complete’ Barra says; Ford’s Europe product plan;...

from TumblrCynthia Lin

Fiat and PSA dismiss latest tie-up reportAuto News

PSA/Peugeot-Citroen and Fiat Chrysler denied a report that the companies were preparing a merger to create the world's fifth-largest carmaker.



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Gentex Q2 net income grows 47 percentAuto News

Automotive mirror supplier Gentex reported $76.7 million in net income with total revenue of $338.4 million for the second quarter.



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Cooper-Standard begins operations at Asia Pacific tech centerAuto News

Auto supplier Cooper-Standard Automotive Inc. began operations at its Asia Pacific Technical Center today in Shanghai.



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Don't get out the party hats at Ford just yet, analyst saysAuto News

Here is a sampling of analysts' reactions to Ford's second-quarter report:



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Acura NSX prototype bursts into flames during testingAuto News

An Acura NSX prototype burst into flames today while testing in Germany, but Acura says the futuristic sports car is continuing 'progress toward its highly anticipated launch.'



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Outstanding U.S. auto loans hit all-time high, Equifax saysAuto News

Total outstanding auto loans in the United States hit an all-time high of $902 billion this spring, an increase of more than 10 percent from the same time a year earlier, according to the latest Equifax National Consumer Credit Trends Report, which...



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GM is 'paying for past sins,' analyst says Auto News

Here is a sampling of analysts' reactions to GM's second-quarter report.



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Mike Alexander, famed car customizer and Ridler winner, dies at age 80Auto News

Mike Alexander, a famed Detroit custom-car builder who won a Ridler award with a modified 1966 Dodge pickup, died on July 18. He was 80.



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Group 1 Q2 profit tumbles 55% on Brazilian problems Auto News

Group 1 Automotive's second-quarter net income tumbled 55 percent from a year earlier to $16.9 million, dragged down by a struggling economy in Brazil which accounts for 8 percent of its revenue.



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GM's quarterly profit plunges on recall costsAuto News

General Motors today posted an 85 percent drop in second-quarter net income, hurt by recall-related expenses including a special charge of $400 million for the cost of a program to compensate victims of GM's faulty ignition switch.



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GM Korea could make next-gen Cruze if union calls off strikeAuto News

GM's South Korean subsidiary told its employee union that the automaker could consider making the next-generation Chevrolet Cruze in South Korea if the union calls off a wage-related strike.



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Ford Q2 earnings rise on N.A. record, first European profit in 3 years Auto News

Ford posted a second-quarter pretax profit of $2.6 billion, bolstered by a record performance in North America and its first quarterly profit in Europe in three years.



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Hyundai Q2 profit dips 7% on strengthening currencyAuto News

Hyundai's net profit fell the most in five quarters, hit by the local currency's strength, and said it may make more vehicles overseas as it braces for a tough second half with the won still strong.



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GM seeks broader immunity in switch lawsuits Auto News

GM, moving to expand its immunity from lawsuits after recalling almost 29 million cars in North America, said it sees no need to try to settle customer claims until a judge decides whether it's legally responsible for faults in its predecessor's...



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Opel plans 'electric' successor to Ampera plug-in hybridAuto News

Opel said Wednesday it plans an "electric" successor to the Ampera. The plug-in hybrid was introduced across Europe in 2011 but will be discontinued.



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Appealing Win for Hyundai (7/23/14)

S. Korean brand tops another J.D. Power survey, Porsche keeps premium crown; more GM recalls; a way...

from TumblrCynthia Lin

Suburban Collection buys BMW, Mercedes dealerships in Ann ArborAuto News

The Suburban Collection has acquired two more Michigan dealerships: BMW of Ann Arbor and Mercedes-Benz of Ann Arbor. The two dealerships were acquired from Sonic Automotive for an undisclosed amount.



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Nissan to add L.A. to 'No Charge to Charge' Leaf promotionAuto News

Nissan said today it will add Los Angeles to its 'No Charge to Charge' promotion for the Leaf electric vehicle on Aug. 15.



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GM lists more Cobalt, Ion fatalities in quarterly crash dataAuto News

In the first quarter, General Motors received claims that defects in the Chevrolet Cobalt and Saturn Ion caused 17 deaths and 167 injuries, according to data it submitted to federal safety regulators.



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GM lists more fatalities in quarterly crash data disclosuresAuto News

In the first quarter, General Motors received claims that defects in the Chevrolet Cobalt and Saturn Ion caused 17 deaths and 167 injuries, according to data it submitted to federal safety regulators.



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Fiat investors urged to vote against Chrysler mergerAuto News

Proxy advisor ISS has recommended that Fiat investors vote against a cross-border merger of the Italian carmaker and its U.S. unit Chrysler at a meeting on Aug. 1, saying it would reduce shareholder rights.



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Fiat investors urged to vote against Chrysler mergerAuto News

Proxy advisor ISS has recommended that Fiat investors vote against a cross-border merger of the Italian carmaker and its U.S. unit Chrysler at a meeting on Aug. 1, saying it would reduce shareholder rights.



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New-look Yaris will start at $15,670Auto News

Pricing on the 2015 Yaris, Toyota's struggling subcompact car, will start at $15,670, including shipping. Toyota gave the 2015 Yaris a face-lift in hopes that a newer look will attract more buyers.



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GM recalls 717,950 vehicles, pushing year's recall tally to 60Auto News

General Motors is recalling another 717,950 vehicles in the United States, mostly 2010-12 model year cars and crossovers, lifting its total for the year to a record 60 safety campaigns covering around 29 million vehicles globally.



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Japan readies fuel cell subsidies in bet on Toyota's next big thingAuto News

Japan is readying subsidies to help Toyota and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology play out.



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Hyundai nabs a win in J.D. Power APEAL Study a month after leading IQSAuto News

For the first time, Hyundai is the top-ranked nonpremium brand in the J.D. Power 2014 U.S. Automotive Performance, Execution and Layout Study -- a month after leading nonpremium brands in the company's Initial Quality Study.



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Hyundai top nonpremium brand in J.D. Power APEAL Study a month after leading IQSAuto News

For the first time, Hyundai is the top-ranked nonpremium brand in the J.D. Power 2014 U.S. Automotive Performance, Execution and Layout Study -- a month after leading nonpremium brands in the company's Initial Quality Study.



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GM sales surge despite recalls as Barra proves quality sellsAuto News

General Motors' Mary Barra is projected to report her second straight quarter of rising sales, adding to evidence that the CEO is weathering the biggest wave of recalls in automotive history. Second-quarter revenue may rise 2.



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Lithia Q2 profits hit record highsAuto News

Lithia Motors today reported the highest adjusted quarterly net income in the company's history -- a 29 percent surge to $35 million.



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VW 'urgently' needs higher profit to fund future growth, Winterkorn tells staffAuto News

VW CEO Martin Winterkorn told workers today that the automaker "urgently" needs higher profit to help fund future expansion. Winterkorn plans to cut costs by 5 billion euros ($6.



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Nissan pledges to keep it quirky after cutting CubeAuto News

Nissan pledges to add an 'iconic' design to keep its lineup quirky after cutting two of the brand's most polarizing nameplates, the Cube and Murano CrossCabriolet.



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Marchionne says Fiat Chrysler tie-up with VW was never on agendaAuto News

Fiat Chrysler CEO Sergio Marchionne quashed all speculation of a possible tie-up with Volkswagen Group today, saying the idea had never been on the agenda.



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Brembo to invest nearly $100M in new Michigan foundry, expand capacityAuto News

Italian brakes maker Brembo will build a new foundry in Michigan to expand its manufacturing capability in the United States, betting on continued strength of the country's automotive sector.



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Daimler quarterly earnings rise 12% on sales of S classAuto News

Daimler said second-quarter profit rose 12 percent as Mercedes S class sales doubled and the company scaled back spending.



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GM to invest $800 million to renovate operations, add 1,750 jobs in MichiganAuto News

GM plans to invest $800 million in Michigan as part of plans to renovate facilities throughout the state to support future vehicle platforms and programs.



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Kia in talks to open $1.5 billion Mexico assembly plant, report says Auto News

Kia is in talks with Mexico to open a new auto assembly plant worth at least $1.5 billion, officials from Nuevo Leon's state government told Reuters.



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GM to invest $800 to renovate operations, add 1,750 jobs in MichiganAuto News

GM plans to invest $800 million in Michigan as part of plans to renovate facilities throughout the state to support future vehicle platforms and programs.



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New F-150's fuel economy will improve, but can it best Ram 1500?Auto News

Ford's new aluminum-bodied 2015 F-150 pickup coming this fall might not be able to beat Chrysler Group's Ram 1500 and claim best-in-class fuel economy.



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Chrysler recalls older Jeep Commanders and Grand Cherokees for ignition switchAuto News

Chrysler Group will recall as many as 792,300 2006-07 Jeep Commanders and 2005-06 Jeep Grand Cherokees globally to fix ignition switches that could be knocked out of the 'on' position, causing a stall and possible loss of power to the...



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Taking Charge at Lincoln (7/22/14)

Automaker ‘serious’ about brand, Fields says; oversight moves from Farley to top...

from TumblrCynthia Lin

New F-150 will improve fuel economy, but can it best Ram 1500?Auto News

Ford's new aluminum-bodied 2015 F-150 pickup coming this fall might not be able to beat Chrysler Group's Ram 1500 and claim best-in-class fuel economy.



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Lockheed exec Washington succeeds Mascarenas as Ford's chief technical officerAuto News

Ford has hired Lockheed executive Ken Washington as chief technical officer and vice president of research and advanced engineering, effective August 18, in a series of changes to the company's leadership team.



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VW CEO to address workers about billions in planned cost cutsAuto News

Volkswagen's CEO will address thousands of workers at its biggest plant on Wednesday as he attempts to win their support for cost cuts at the carmaker's core VW brand.



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Sonic's Q2 profits triple on extraordinary items; expenses riseAuto News

Sonic Automotive posted higher revenue and net profit during the second quarter, but expenses increased as the retailer continues to ready its launches of a new customer-experience initiative and standalone used-car stores.



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Ken Washington succeeds Mascarenas as Ford's chief technical officerAuto News

Ford has hired Ken Washington as chief technical officer and vice president of research and advanced engineering, effective August 18, in a series of changes to the company's leadership team.



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Lighter Ford F-150 to feature less standard hp, torqueAuto News

Ford's new aluminum-bodied F-150 will come with less standard horsepower and torque than today's pickups. In the lighter truck, drivers won't miss it, Ford executives said today.



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Ford taps top engineer to lead LincolnAuto News

Kumar Galhotra, Ford's top engineer, was named president of the Lincoln brand today, a new position that reports directly to CEO Mark Fields, in another management change designed to jumpstart sales at the luxury brand.



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Sonic's Q2 profits triple on extraordinary items; expenses riseAuto News

Sonic Automotive posted higher revenue and net profit during the second quarter, but expenses increased as the retailer continues to ready its launches of a new customer-experience initiative and standalone used-car stores.



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Metals and plastics company NN to buy supplier Autocam in $300 million dealAuto News

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam in a deal valued at $300 million.



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Asbury posts Q2 double-digit profit, revenue gainsAuto News

Improving car sales and a double-digit revenue jump helped drive second-quarter profits up 33 percent at Asbury Automotive Group, as all parts of its business showed gains, the auto retailer said today.



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Former Ford digital exec Monty joins PR and social media firmAuto News

Scott Monty, Ford's former social media chief who left the automaker two months ago, is joining Shift Communications, a public relations and social media agency with offices in Boston, San Francisco and New York.



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Asbury Q2 profit up 33%Auto News

Asbury Automotive Group posted a 33 percent jump in quarterly profit, driven by strong demand for luxury vehicles.



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Buick Regal, Volvo S60 join Consumer Reports' list of top upscale, sports sedansAuto News

The Buick Regal, refreshed with a revamped powertrain for 2014, now ranks among the top upscale sports sedans tested by Consumer Reports, just behind the BMW 328i but high enough to easily top the magazine's road test scores for the Cadillac ATS and...



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Opel/Vauxhall to woo budget clients with low-end cars, report saysAuto News

Opel plans to build a range of entry-level cars to recapture the type of budget customer who in the past bought Chevrolet cars, a report said.



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Buick Regal, Volvo S60 join list of top upscale, sports sedans, Consumer Reports saysAuto News

The Buick Regal, refreshed with a revamped powertrain for 2014, now ranks among the top upscale sports sedans tested by Consumer Reports, just behind the BMW 328i but high enough to easily top the magazine's road test scores for the Cadillac ATS and...



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Targeted digital video ads deliver preferred car colorsAuto News

A New York digital marketing company is harnessing the power of the palette. Say, for instance, a car shopper builds a shiny red SUV in an automaker's online configurator.



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Mercedes-Benz coins phrase; Fiat embraces heritageAuto News

"#ThatAMGFeeling," likens driving the Mercedes-Benz CLA45 AMG to sky-diving, surfing, and staring up at the night sky



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Toyota's Hispanic Edge (7/21/14)

Brand has 18 percent share, and rivals want in; Honda to dealers: Boost service; Russia’s...

from TumblrCynthia Lin

Group 1 acquires Munday dealerships in HoustonAuto News

Group 1 Automotive, the third-largest auto dealer group based in the United States, has acquired Houston dealerships Munday Chevrolet and Munday Mazda, the company said today.



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Tesla idles California plant to retool for electric SUVsAuto News

Tesla Motors today halted production at its sole assembly plant for the first time for a revamp the company said is necessary to speed Model S output and prepare it to make electric crossovers.



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Why refresh Expedition? For Texans, SaudisAuto News

The Ford Expedition, the last full-sized, truck-based, body-on-frame SUV in Ford's lineup, is getting a new look, a new engine and a load of new technology for the 2015 model year.



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Toyota defends U.S. Hispanic market lead as segment growsAuto News

Toyota plans to remain the top-selling auto brand among Hispanic customers in the United States as competing automakers boost efforts to win a bigger share of business from the nation's largest ethnic minority group.



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Russia's Severstal sells U.S. steel plants to AK Steel, Steel DynamicsAuto News

Russia's Severstal said it agreed to sell its two steel plants in the United States for $2.3 billion, withdrawing from the market at a time of rising tension between Russia and the West and turning its focus to its domestic business.



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Volvo, ABB to develop fast-charging buses Auto News

Swiss engineering group ABB and Volvo said they were setting up a global partnership to co-develop and commercialize electric and hybrid buses with fast-charging systems.



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Automotive News hosts dealer conference at NADAAuto News

Automotive News will host a half-day conference devoted to dealer issues on Jan. 22 in San Francisco at the Hotel InterContinental during the National Automobile Dealers Association convention.



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Ticket to Automotive Hall of Fame: Great ideas, staying power, impact Auto News

This year's Automotive Hall of Fame inductees -- Keith Crain, Ferdinand Piech, Dave Power and Alex Tremulis -- have a lot in common.



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Dealers' phones ring againAuto News

Because of the ubiquitous smart phone, car shoppers are flooding dealerships with phone calls instead of e-mail inquiries. The sudden change in consumer behavior has dealers pushing employees to brush up on an ancient skill: answering the telephone.



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A VW-FCA deal would be risky, reasonableAuto News

If Volkswagen does buy Fiat Chrysler -- despite the companies' denials of a report that they are in talks -- it would be because the fixations of VW Chairman Ferdinand Piech may line up perfectly with the needs of the family that controls Fiat...



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Honda asks dealers to add serviceAuto News

Griffith Motors is one of hundreds of Honda and Acura dealers that American Honda is asking to add service bays, hours or both by 2018 to accommodate the automaker's forecast of rising sales.



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The vision for self-driving cars? 2020Auto News

The self-driving car is moving from research lab to product plan, with a wave of advanced features due to hit the market by 2020, automakers and suppliers say.



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Volkswagen puts its faith in TennesseeAuto News

In conjunction with its announcement last week that it would invest $900 million to expand its Tennessee factory to accommodate a mid-sized cross-over tailored to the U.S.



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AutoNation preps for online salesAuto News

By Christmas, AutoNation Inc. customers will be able to initiate a vehicle purchase online.



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Ford, Ram escalate towing warAuto News

Ford launched a salvo in the escalating heavy-duty pickup towing rivalry last week. And Ram promptly fired right back.



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Selling vehicles for export angers automakers, but is it illegal?Auto News

U.S. authorities working to stop the increasing flow of high-end cars overseas have run into a significant obstacle: Exporters arranging the shipments may not be breaking any laws, even if so-called straw buyers are sometimes deceptive.



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Toyota aims to hold U.S. Hispanic market lead as segment growsAuto News

Toyota plans to remain the top-selling auto brand among U.S. Hispanic customers as competing automakers boost efforts to win a bigger share of business from the nation's largest ethnic minority group, a top executive said Sunday.



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Automakers await the details of EPA plan for mpg road testsAuto News

Automakers see merit in an EPA proposal that would require them to road test vehicles to verify mileage claims, but they are unclear on how the tests would be handled.



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GM's future product challengeAuto News

GM's product cadence has officially escaped the post-bankruptcy doldrums. Now the challenge is to keep it humming.



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Warning in your car may be about youAuto News

Gary Strumolo, Ford's manager of vehicle design and infotronics, is tinkering with a variety of in-car health apps that could monitor biometric data such as heart rate, blood sugar, allergies or alertness.



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Muscular Challenger bulks up its interiorAuto News

The 707-hp SRT Hellcat will generate the most smoke at the drag strip, but it's the rest of the re-engineered Dodge Challenger lineup that likely will fire the interest of consumers.



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GM halts sale of some Cadillac CTS models over switch issueAuto News

GM ordered Cadillac dealers to stop selling some versions of the CTS because the automaker does not have a fix yet for cars recalled in late June over an issue where engines can be shut off if the driver's knee bumps the ignition key.



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Japan to dangle nearly $20,000 in subsidies to spur fuel-cell salesAuto News

Japan's government will offer at least $19,700 in subsidies to speed up the introduction of fuel-cell vehicles coming to market from Toyota and Honda.



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ZF needs TRW's tech know-how, CFO says Auto News

ZF Friedrichshafen believes buying TRW Automotive would give it a better foothold in the market for self-driving and connected cars, its finance chief told a German paper.



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Tire makers roll into South CarolinaAuto News

South Carolina became the nation's leading tire producer in the fourth quarter last year with estimated daily output of 89,000 tires, edging Oklahoma's 88,000 units.



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E-Golf marks VW's flexible product pathAuto News

Volkswagen's e-Golf has all the makings of a "compliance car" -- a vehicle whose sole purpose is to satisfy clean-air regulations in California and other states mandating the sale of zero-emission vehicles.



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Top lawyer keeps pall over GMAuto News

The changing perception among some of GM CEO Mary Barra's toughest critics suggests that she is maneuvering GM out of the worst of the crisis. But the praise came with a scorching indictment of her decision not to fire chief counsel Michael Millikin.



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Chrysler tells supplier to boost hitch outputAuto News

Chrysler Group ordered a supplier of trailer hitches to boost production dramatically a day after the company was accused by federal safety regulators of dragging its feet on the recall of older Jeeps.



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Nick Scheele, former President and COO of Ford, dies at age 70Auto News

Former Ford Motor Co. President and COO Nick Scheele died today at age 70. The affable, British-born Scheele spent nearly four decades at Ford.



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GM's stealth redesign of switches kept old parts in circulationAuto News

New documents reveal GM redesigned faulty ignition switches without changing the part number in more than the 2.59 million small cars at the center of its recall crisis.



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Mustang Ready to Rumble? (7/18/14)

Pony car prepares to merge onto Autobahn, and face the likes of BMW, Porsche; Wanted: 200-mile EVs;...

from TumblrCynthia Lin

Tesla makes the shopping list as U.K. eyes greener government fleetAuto News

Tesla Motors, a month after starting Model S deliveries in the United Kingdom, said its flagship electric sedan is among the cars being considered for purchase by the government there to transport officials.



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Mitsubishi to recall some 2004-05 Lancer sedans in U.S. with defective Takata airbagsAuto News

Mitsubishi Motors is recalling older model Lancer sedans made with Takata airbags, increasing to nine the number of automakers that have said they will recall vehicles with Takata airbags sold in the United States.



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Continental Structural Plastics to buy 5 plants from MagnaAuto News

Continental Structural Plastics signed a definitive agreement to acquire five North American plants from Magna International.



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JCI profits fall on restructuring chargesAuto News

Johnson Controls' fiscal third-quarter earnings slid 68 percent as restructuring and other charges offset a modest rise in revenue.



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Maserati to cap global sales at 75,000 vehicles a year Auto News

Fiat Chrysler Automobile's luxury Maserati unit will not sell more than 75,000 vehicles globally a year to retain the exclusivity of the Italian brand.



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Takata to book $440 million special loss for wave of recalls Auto News

Takata will book a special loss of around $440 million in the April-June quarter after several automakers recalled vehicles due to potential problems with the supplier's airbags. The cost of the recalls could increase if a U.



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Barra defends GM's top lawyer as senators press for more legal staff changesAuto News

GM has not done enough to overhaul its legal department in the wake of its recall crisis, several U.S. senators said today as they pressed GM CEO Mary Barra to fire the automaker's top lawyer.



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GM Lawyer Scolded in D.C. (7/17/14)

Chief counsel under fire in recall hearing; Delphi CEO’s defense; more Mustangs in Africa;...

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'15 Ford Mustang V-8 to pump out 435 hpAuto News

The 5.0-liter V-8 engine in the 2015 Ford Mustang will crank out 435 hp, up from 390 hp, and proved torque of 400 pounds-feet, up from 395 on the current model, the company said today.



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Senator says GM's top lawyer should have been fired over recallsAuto News

GM should have fired its top lawyer and the attorney who now is working with its top safety official to better identify and track defects, the senator chairing an often heated hearing today into the company's ignition-switch recalls said.



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GM provided extra compensation to some employees fired over recallsAuto News

GM gave additional compensation packages to some of the 15 employees it dismissed for their role in the company's handling of faulty ignition switches, general counsel Mike Millikin said today.



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Delphi CEO: GM approved faulty switch design Auto News

Delphi Automotive CEO Rodney O'Neal plans to tell a Senate panel today that GM was responsible for approving a faulty ignition switch that has been linked to at least 13 deaths.



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Fiat, VW deny report that they are in merger talksAuto News

VW has approached rival Fiat about a possible merger, Germany's Manager Magazin reported today, citing unnamed company sources.



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GM recalled some models with problematic switches; judges others safe, report says Auto News

GM last month recalled millions of vehicles with three different designs of ignition switches that could accidentally turn off the engine and disable air bags in a crash.



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Chrysler accelerates Jeep repairsAuto News

Chrysler Group told U.S. safety regulators it could add trailer hitches to recalled Jeep SUVs by March, much sooner than the several years estimated by regulators who had urged the automaker to quicken the pace of repairs.



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Mazda2 output begins in Japan Auto News

Mazda began manufacturing the next-generation Mazda2 subcompact in Japan today and unveiled the first pictures of the production model.



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AutoNation's Q2 net rises 12% on 8% revenue gainAuto News

AutoNation's net profits rose 12 percent in the second quarter as the largest U.S. dealership group reported balanced gains in all of its business units.



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SUVs, crossovers top sedans in popularity for first timeAuto News

The American love affair with SUVs and crossovers has pushed the segments to a new milestone. SUVs and crossovers combined accounted for 36.5 percent of the U.S. light-vehicle market through May compared with the sedan segment's 35.4 percent share.



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European car sales rise 4%, boosted by incentivesAuto News

European car sales rose 4 percent in June as an economic recovery in southern Europe, new product launches and retail incentives boosted demand for mass-market brands.



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Ford readies product push in fast-growing Africa, Middle EastAuto News

Ford plans to introduce 25 new models by 2016 in Africa and the Middle East, where it projects the driving age population will grow 31 percent by 2023 to 1.7 billion people.



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Fiat draws takeover interest from VW, report says Auto News

VW has approached rival Fiat about a possible merger, Germany's Manager Magazin reported today, citing unnamed company sources.



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GM's top lawyer, Delphi CEO face Senate panel over delayed recallsAuto News

GM's top lawyer and the CEO of Delphi Automotive today will speak publicly for the first time about GM's recall of 2.6 million vehicles for faulty ignition switches.



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Nissan's Ghosn offers auto-driving reality checkAuto News

Nissan CEO Carlos Ghosn, whose company made waves last year by pledging to develop autonomous cars by 2020, today dialed back those expectations.



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Automated cars may boost urban sprawl, fuel use, Toyota scientist saysAuto News

Toyota says the appeal of autonomous cars carries the risk of adding to urban sprawl and pollution as they may encourage commuters to travel farther to work.



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Penske Automotive hikes cash dividend againAuto News

Penske Automotive Group raised its quarterly cash dividend to 20 cents per share from 19 cents.



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BMW Recalls 1.6M 3 Series (7/16/14)

Old models may have same Takata-airbag glitch affecting cars globally; utility vehicles outsell...

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Penske Automotive hikes dividend for 3rd time in 6 monthsAuto News

Penske Automotive Group raised its dividend for the third time in six months, to 20 cents per share from 19 cents.



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GM's global sales rise 0.5% in 2nd quarter, trail VWAuto News

GM's global auto sales rose 0.5 percent to 2.51 million during the second quarter as the automaker's tally of vehicle recalls in North America reached a record. GM sold 4.92 million cars and trucks during the first six months, a 1.



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Daimler seeks to jumpstart Smart with revamped ForTwo, new 4-seat model Auto News

Smart took the wraps off a four-seat model that it hopes will give the small-car brand a more solid foundation. The new ForFour was unveiled today alongside the latest version of the ForTwo two-seater.



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Tesla settles lemon law case with Wisconsin man for $126,836Auto News

Tesla agreed to settle the first lemon law suit filed against the company, Wisconsin lawyer Vince Megna said.



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SUVs, crossovers top sedans in U.S. popularity for first time, study saysAuto News

The American love affair with SUVs and crossovers has pushed the segments to a new milestone. SUVs and crossovers combined accounted for 36.5 percent of the U.S. light-vehicle market through May compared with the sedan segment's 35.4 percent share.



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BMW to recall 1.6 million 1999-2006 3-series cars to replace Takata airbagsAuto News

German automaker BMW said today it is recalling about 1.6 million cars worldwide to replace passenger-side front airbags made by Takata Corp. because the inflators could break apart during deployment and injure passengers.



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VW sets sights on Apple-like model updates with speed task forceAuto News

VW plans to mimic the fast-paced rollouts of products made by the likes of Apple to adapt quicker to changing customer demands for technology in its cars.



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Hide No Harm Act would fine, imprison execs who conceal product dangersAuto News

Two senators today unveiled a bill prompted by the General Motors recalls over defective ignition switches that would make it a crime for corporate officers to conceal dangers posed by their products.



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Visteon transferring $350 million in pension assets to PrudentialAuto News

Visteon entered into an agreement to transfer a portion of its U.S. pension assets to Prudential Insurance of America as part of its ongoing restructuring.



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Tesla Model III to start at $35,000, compete with BMW 3 seriesAuto News

Tesla Motors said Tuesday that its lower-priced successor to the Model S sedan and upcoming Model X crossover, expected to go on sale in 2017, will be named the Model III.



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Ford to tout new F-450 towing capacity, hp, torque as best in classAuto News

In new spots appearing this fall, Ford will claim that the heavy-duty F-450 is capable of a best-in-class towing capacity of 31,200 pounds, an increase of 6,500 pounds over that of the current model.



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Penske Automotive hikes dividend for 2nd straight quarterAuto News

Penske Automotive Group Inc. raised its quarterly dividend for the second straight quarter, to 20 cents per share from 18 cents.



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Jaguar to unveil XE sedan at London eventAuto News

Jaguar will unveil its new XE model ahead of the Paris auto show at a special event in London on Sept. 8. Sales of the mid-sized premium sedan, which is key to boosting the marque's low volume, will begin next year in Europe.



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Hide No Harm Act would imprison execs who conceal product dangersAuto News

Executives who knowingly conceal product defects that pose a threat to the public would face prison time under new legislation to be introduced today in the U.S. Senate.



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Tesla asks hackers at Beijing contest to report vulnerabilitiesAuto News

Tesla Motors, whose Model S sedan is the target of a hacking contest in Beijing starting today, said it will investigate and rectify any vulnerabilities discovered as a result of the competition.



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Nissan latest automaker to suspend South Africa production amid strokeAuto News

Nissan joined carmakers including Toyota and Ford in halting production in South Africa as a strike by metalworkers cut auto-component supplies.



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BMW to recall 1.6 million 1999-2006 3-series cars to replace airbagsAuto News

BMW will recall around 1.6 million cars -- including about 574,000 in the United States -- to replace passenger-side front airbags because of potential problems involving rupturing inflators.



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Daimler to unveil new Smart 4- and 2-seat carsAuto News

The new-generation Smart ForFour and ForTwo will be unveiled today. The arrival of the ForFour gives the Daimler subsidiary a second model in its portfolio for the first time since 2006.



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Toyota delays delivery of 23,000 vehicles covered by neighbor's tar, sootAuto News

Toyota has to delay delivery of thousands of vehicles, including some 20,000 for export, because it has to clean up a mess left by a neighbor.



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Jaguar will debut XE sedan at London eventAuto News

Jaguar will unveil its new XE model ahead of the Paris auto show at a special event in London on Sept. 8. Sales of the mid-sized premium sedan, which is key to boosting the marque's low volume, will begin next year in Europe.



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Tesla confirms lower-priced Model III will go on sale in '16 or '17Auto News

Tesla Motors Inc. said today that its lower-priced successor to the Model S sedan and Model X crossover, expected to go on sale in 2016 or 2017, will be named the Model III.



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Driverless cars will require industry shift, Nissan scientist saysAuto News

Automakers intending to bring driverless cars to market need to work as much on software design as mechanical engineering, the researcher leading Nissan's automated-vehicle program says.



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GM's top lawyer to tell Senate panel of mistakes on ignition switchAuto News

GM's top lawyer said his staff made mistakes in handling an ignition-switch defect and delayed recall that spurred U.S. government investigations.



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GM's top lawyer to tell Senate panel of mistakes on ignition switchAuto News

GM's top lawyer said his staff made mistakes in handling an ignition-switch defect and delayed recall that spurred U.S. government investigations.



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How Warren Buffett landed a new Cadillac (and not a Subaru)Auto News

Warren Buffett, who has made himself and others enormously wealthy by investing in some of America's biggest brands, from Coca-Cola to Wells Fargo to Goldman Sachs, is not about to go with Japanese wheels, no matter how practical.



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Mulally joins Google boardAuto News

Former Ford CEO Alan Mulally has joined the board of directors of Google as the technology giant ramps up development of autonomous light vehicles.



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Owners of 8 N.J. dealerships settle claims of deceptive practices for $1.8 millionAuto News

Eight dealerships in New Jersey owned by Carmelo and Ignazio Giuffre have reached a $1.8 million settlement with the state's Division of Consumer Affairs.



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8 N.J. dealerships settle claims of deceptive practices for $1.8 millionAuto News

Eight dealerships in New Jersey owned by Carmelo and Ignazio Giuffre have reached a $1.8 million settlement with the state's Division of Consumer Affairs.



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VW Cost-Cutting Crusade (7/15/14)

Company struggles with lagging margins, even as it expands in U.S.; why Maserati’s watching...

from TumblrCynthia Lin

Obama touts progress on 'talking' carsAuto News

President Barack Obama highlighted government-backed research on technology being developed by companies including Ford and Toyota to allow cars to communicate with each other.



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Car-sharing rivals Uber, Lyft tussle over driver recruitsAuto News

Uber and Lyft are racing to recruit drivers to spur the growth of their popular ride-sharing businesses. The rivalry for drivers is unfolding across the United States as both companies rush to expand services -- most recently in New York.



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Obama touts progress being made on 'talking' carsAuto News

President Barack Obama highlighted government-backed research on technology being developed by companies including Ford and Toyota to allow cars to communicate with each other.



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VW targets $6.8 billion in annual cuts to close profit gap with rivalsAuto News

Volkswagen AG plans to cut costs and boost productivity at the VW brand by $6.8 billion a year by 2017 to lift sagging profitability.



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VW targets $6.8 billion in cuts to close profit gap with rivalsAuto News

Volkswagen AG plans to cut costs and boost productivity at the VW brand by $6.8 billion by 2017 to lift sagging profitability.



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Obama to tout progress on 'talking' carsAuto News

President Barack Obama today plans to highlight his administration's work alongside researchers and the private sector to develop vehicles that "talk" to each other using wireless technology.



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Obama to tout nation's progress on 'talking' carsAuto News

President Barack Obama today plans to highlight his administration's work alongside researchers and the private sector to develop vehicles that "talk" to each other using wireless technology.



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2015 Tokyo Motor Show to return to October after schedule mishapAuto News

The Tokyo Motor Show, accidentally booked last year to overlap with shows in Los Angeles and Guangzhou, will return to its traditional late October slot in 2015 in a bid to boost overseas attendance.



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Steel supplier Industrias missing out on Mexico's car boomAuto News

Industrias, Mexico's biggest maker of specialized steel used in car engines, is missing out on a surge in automobile production as competitors' increased output has lowered prices.



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South African metalworkers employers withdraw wage offerAuto News

South Africa's steel and engineering employers group withdrew a "final" wage offer made to the striking NUMSA union. The strike has affected production at Ford, Toyota and GM.



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BMW open to sharing battery technology with rivalsAuto News

BMW is open to sharing with rival automakers the EV battery cell technology it co-developed with Samsung SDI. Sharing the technology would reduce the cost of the battery cells -- the most expensive part of an electric vehicle.



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BMW, Hyundai flaunt exotic race tracks, fearless stuntsAuto News

Two new viral videos, two very different locales.



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EPA seeks real-world tests of mileage claimsAuto News

The EPA wants to put automakers' mileage claims to the test.



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Volkswagen's 'Big Next Step' (7/14/14)

U.S.-made crossover to fill gap in lineup; Ally, minority dealers aim to boost financial savvy; Jeb...

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Jay Leno, Jeb Bush to keynote 2015 NADA conventionAuto News

Former Florida Governor Jeb Bush and former 'Tonight Show' host Jay Leno will be among the keynote speakers at the 2015 National Automobile Dealers Association Convention and Expo in San Francisco.



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BMW expects to meet global sales target of over 2 million vehiclesAuto News

BMW expects to meet its target of selling more than 2 million vehicles globally this year, sales chief Ian Robertson said.



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Toyota ponders awd for next-gen PriusAuto News

The next generation of the Toyota Prius, the world's best-selling hybrid, will offer a lithium ion battery and possibly an all-wheel-drive option.



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Linde first company to open hydrogen fueling station production lineAuto News

German industrial gases maker Linde AG opened what it said was the world's first production line for hydrogen fueling stations today, in a bid to boost support networks for eco-friendly cars.



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Honeywell merging turbocharger business into aerospace unitAuto News

Honeywell is merging its transportation systems unit into its aerospace division to take advantage of similarities between the businesses.



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Toyota, Ford halt output in South Africa as strike spreadsAuto News

Toyota and Ford are suspending production at South African plants as a two-week strike in the manufacturing industry disrupted the supply of components.



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VW to build new crossover in U.S., add 2,000 jobs Auto News

Volkswagen will assemble a new family-hauling crossover at its plant in Chattanooga and invest $900 million to expand the factory in a push to double U.S. sales of VW-brand vehicles by 2018.



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Prosecutors' case against GM to focus on misleading statements, report saysAuto News

Federal prosecutors are developing a criminal fraud case hinged on whether GM made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM's 2009 bankruptcy, according to multiple sources...



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VW expected to announce Chattanooga-built crossover today Auto News

Volkswagen AG is expected to reveal today its plans to build a family-hauling crossover alongside the Passat mid-sized sedan in Chattanooga. The company has called a press conference for 8 am EDT.



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VW expected to announce Chattanooga-built crossover today Auto News

Volkswagen AG is expected to reveal today its plans to build a family-hauling crossover alongside the Passat mid-sized sedan in Chattanooga. The company has called a press conference for 8 am EDT.



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ZF bucks trend in bid for TRWAuto News

In an era in which many suppliers are shedding noncore business lines, Germany's ZF Friedrichshafen AG is looking to bulk up by bidding for TRW Automotive Holdings Corp.



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Toyota's massive engine overhaulAuto News

Toyota Motor Corp., after long neglecting the internal combustion engine in favor of hybrids, is preparing a sweeping powertrain makeover.



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