Ford plans new hybrid series to compete with Toyota Prius, report saysAuto News

Ford plans to introduce a new hybrid gasoline-electric car in late 2018 to compete against the best-selling Toyota Prius, Reuters reported, citing two sources with knowledge of the company's plans.



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Police arrest 3 plant officials tied to deadly blast at China parts factoryAuto News

Chinese police have arrested three people in connection with an explosion at an auto parts plant that killed 75 people in China's worst industrial accident in a year, state media reported.



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Hertz investor presses board to replace CEO FrissoraAuto News

Hertz investor Fir Tree Partners, which holds more than 3 percent of the stock, is urging the company's board to replace CEO Mark Frissora because the firm disapproves of how he's running the car-rental provider.



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Corvette Gears Up to Save Fuel (8/20/14)

8-speed transmission helps Corvette hit 29 mpg; CFPB fines subprime lender $2.75 million; LG Chem...

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China levies record $200 million in fines on 12 Japan suppliersAuto News

China has fined 12 Japanese suppliers a record $200 million for alleged price fixing amid one of the broadest investigations since the nation's antitrust law came into effect six years ago.



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CFPB fines subprime lender First Investors for sending credit bureaus inaccurate infoAuto News

The Consumer Financial Protection Bureau fined subprime auto lender First Investors Financial Services Group nearly $3 million for knowingly providing inaccurate information to credit reporting agencies for at least three years.



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EU regulators aim to close car emissions testing loopholesAuto News

EU regulators are pushing for legislation that will require vehicles to be tested on roads rather than in laboratories in a bid to close loopholes that allow carmakers to exaggerate fuel-saving and emissions credentials.



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Uber hires former Obama adviser Plouffe to counter opponentsAuto News

Uber Technologies, the popular mobile car-booking app, hired David Plouffe, a former top political adviser to President Obama, to help it cope with regulatory hurdles and mounting opposition from cabbies around the globe.



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Canadians stretch out auto loans as debt warnings go ignoredAuto News

The average term of a light-vehicle loan in Canada is 69 months, close to a peak of 72 months set in the third quarter of 2013, according to J.D. Power. Longer-term car loans are leaving Canadians in debt for a longer time, analysts say.



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Supplier Dayco names John Bohenick CEOAuto News

Automotive belt and pulley supplier Dayco Products today named John Bohenick as its new CEO. Bohenick will replace James Orchard in the position.



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Eight-year loans fuel Canada auto sales as debt warnings go ignoredAuto News

The average term of a light-vehicle loan in Canada is 69 months, close to a peak of 72 months set in the third quarter of 2013, according to J.D. Power. Longer-term car loans are leaving Canadians in debt for a longer time, analysts say.



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Volvo swings to first-half profit on China, Europe gainsAuto News

Volvo swung to a profit in the first half of the year on the back of sharply rising sales in China and growth in Europe, which more than offset lingering weakness in the U.S.



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2015 Corvette will get 29 mpg highway, GM saysAuto News

An 8-speed automatic transmission debuting in the 2015 Chevrolet Corvette boosts fuel economy by 3.5 percent over the six-speed it replaces and gives the General Motors long-running sports car an EPA highway rating of 29 mpg, its highest rating ever.



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Buoyant China lifts Volvo first-half profitAuto News

Volvo said it swung to a profit for the first half on the back of sharply rising sales in China and growth in Europe, which more than offset lingering weakness in the U.S.



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China levies record $200 million fine on Japan suppliersAuto News

China has fined 12 Japanese suppliers a record 1.24 billion yuan ($200 million) for alleged price fixing amid one of the broadest investigations since the nation's antitrust law came into effect six years ago.



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