NHTSA steps up inquiry into defective Takata airbagsAuto News

More than 18 months after Honda and other automakers announced recalls to fix exploding airbags, U.S. regulators are now asking the companies to speed up repairs.



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Lawmakers ask GAO to review NHTSA actionsAuto News

Bipartisan leaders of a key House committee have asked Congress' independent watchdog arm for a review of the National Highway Traffic Safety Administration amid escalating concern over the agency's handling of the General Motors ignition switch and...



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Freshened 2016 Ford Explorer to debut in L.A.Auto News

Ford will reveal the 2016 Ford Explorer at the Los Angeles Auto Show on November 19. The latest version of the Explorer will go on sale next year in North America, Ford said in a statement today.



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Penske Automotive eyes more growth overseas, retail truck storesAuto News

Penske Automotive wants to grow by snapping up more car dealerships overseas and buying other businesses, such as heavy-duty retail truck stores.



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Ford's Fields lunch auction draws top bid of $50,000 -- so farAuto News

The price to have lunch with Mark Fields? At least $50,000. The online auction featured on Charitybuzz, which raises money for nonprofits with celebrities and brands, opened October 15 and closes at 3 pm EDT on Thursday.



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Mitsubishi's net rises 8 percent as U.S. sales soar Auto News

Mitsubishi Motors said net income rose 8 percent in the latest quarter, aided by results in North America.



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Peeling Off from Ferrari (10/29/14)

Fiat Chrysler tackling debt, ambitious growth plan; Chrysler, Ford recalls; GM to expand Mich....

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Maserati beats Ferrari in Q3 profit on Montezemolo exitAuto News

Maserati's quarterly profit topped Ferrari's for the first time since it became part of Fiat Group more than 25 years ago. The main reason was that Ferrari took a big financial hit to part ways with Luca Cordero di Montezemolo.



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Edmunds.com buys startup, plans to offer texting services to dealershipsAuto News

Edmunds has purchased a startup texting technology company that it helped nurture. The acquisition will enable Edmunds dealership subscribers to offer texting services to mobile customers.



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Jaguar Land Rover picks Discovery Sport to lead Brazil outputAuto News

The Land Rover Discovery Sport will be the first model Jaguar Land Rover produces at its new plant in Brazil, the automaker said today. Output of the premium SUV will begin in 2016.



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Ford recalls 204,448 Ford and Lincoln crossovers for fire hazardAuto News

Ford said it will conduct a regional recall of 204,448 Ford Edge and Lincoln MKX crossover vehicles to correct an issue that could cause a fire.



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Fiat Chrysler to spin off 10% of Ferrari, raise cash as debt surgesAuto News

Fiat Chrysler Automobiles plans to spin off the Ferrari super-car brand and raise $2.5 billion in a mandatory convertible bond as the Italian-American carmaker counters surging debt.



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Penske Automotive's Q3 net rises 15%; revenue up 18%Auto News

Penske Automotive Group said today its third-quarter net income rose 15 percent from the year-earlier period to $75.1 million on strong new- and used-car sales, aided by robust business in its U.K. dealerships.



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2 Chrysler recalls involve more than 566,000 vehiclesAuto News

Chrysler Group is recalling an estimated 381,876 Ram trucks equipped with 6.7-liter Cummins diesel engines globally to upgrade wiring harness terminals and replace their fuel-heater housings, if needed.



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Ally swings to $356 million Q3 profit on higher auto-loan demandAuto News

Ally Financial said that its third-quarter profit jumped from a year-earlier loss because of higher demand for loans from car dealerships.



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Fiat Chrysler Q3 profit rises on Jeep demandAuto News

Fiat Chrysler Automobiles reported a 7.4 percent increase in profit in the third quarter, bolstered by sales growth in the United States.



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Fiat Chrysler to spin off Ferrari, list 10% stake on marketAuto News

Fiat Chrysler said today it would spin off luxury carmaker Ferrari and list a 10 percent stake on the market as it seeks to raise funding for its ambitious $61 billion growth plan.



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Ally swings to $356 million Q3 profit Auto News

Ally Financial said that its third-quarter profit jumped from a year-earlier loss because of higher demand for loans from car dealerships.



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Chrysler recalls 380,000 Rams over fuel-heater housingsAuto News

Chrysler Group is recalling an estimated 381,876 Ram trucks equipped with 6.7-liter Cummins diesel engines globally to upgrade wiring harness terminals and replace their fuel-heater housings, if needed.



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Tesla car owners get exemption from $12,000 Shanghai platesAuto News

Tesla car owners in Shanghai can register their electric vehicles for free after the city exempted them from paying $12,000 for a license plate.



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VW recalls Audi A4s in China over airbag issueAuto News

VW Group's joint venture with FAW Group will recall 270,635 Audi A4s in China due to an airbag software issue, the country's quality watchdog said on Wednesday. The recall involves 4,692 imported A4 allroad variants and 265,943 China-made A4Ls.



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VW closes global sales gap with Toyota in race for No. 1Auto News

VW Group has narrowed its global sales gap with market leader Toyota as the world's two largest automakers enter the fourth quarter in a tight race for the industry's top spot. VW Group trailed Toyota by 72,000 vehicles after nine months.



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