Mitsubishi says 2013-17 audit showed no U.S. testing flawsAuto News

Mitsubishi Motors, embroiled in a scandal over inflated fuel economy ratings for small cars sold in Japan, said today that an internal audit has found no testing problems with cars sold in the United States between model years 2013 and 2017.

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Mitsubishi says 2013-2017 audit showed no U.S. testing flawsAuto News

Mitsubishi Motors, embroiled in a scandal over inflated fuel economy ratings for small cars sold in Japan, said today that an internal audit has found no testing problems with cars sold in the United States between model years 2013 and 2017.

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Group 1 CEO says automakers need to cut production Auto News

The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins.

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April U.S. sales expected to rise 4% with SAAR of 17.4-17.6 millionAuto News

U.S. new-vehicle sales in April are projected to rise about 4 percent from a year ago, according to four forecasts, easing concerns that the market is weakening.

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A Drop-off in Drop-tops (4/27/16)

Can Buick counter the drop-off in drop-tops?; Ford issues 5 recalls; Getting Germany to go green;...
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High warranty costs reflect Tesla's struggle with qualityAuto News

Tesla CEO Elon Musk has told investors his electric car company will stop burning cash and turn a profit this year, and corralling costs associated with quality problems will be critical to making good on that pledge.

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Superior Industries more than triples Q1 net incomeAuto News

Aluminum-wheel supplier Superior Industries more than tripled its first-quarter net income, driven by a 25 percent gain in wheel shipments.

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Group 1 Q1 net drops 4.3%; hurt by hail, lower new-car salesAuto News

Group 1 Automotive's first-quarter net income fell 4.3 percent from a year earlier to $34.3 million, hurt by Texas hailstorms and lower new-vehicle sales in the U.S., the auto retailer said today.

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Icahn's Federal-Mogul returns to profitability in Q1Auto News

Carl Icahn-controlled Federal-Mogul today reported a $35 million profit in the first quarter as sales in its aftermarket parts division rose 7.5 percent.

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GM to build new engine line in Tennessee, create 800 jobsAuto News

General Motors plans to spend $789 million to prepare its Spring Hill, Tenn., plant for production of a new engine program, creating nearly 800 jobs, GM said today.

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Automakers face deadline to challenge deposition orders in supplier price-fixing litigationAuto News

General Motors, Fiat Chrysler, Toyota and other automakers by next week must decide if they will challenge an order that they give depositions in the massive Detroit civil lawsuit alleging price-fixing in the supply chain.

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Lear net income surges 69% in Q1Auto News

Seating and electronics supplier Lear reported today a 69 percent increase in first-quarter net income, driven by rising sales and demand for its parts.

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VW presentation described how to cheat emissions tests, report saysAuto News

A Volkswagen PowerPoint presentation from 2006 described 'in detail' how the German automaker could cheat on stringent U.S. emissions tests, the New York Times reported today.

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Group 1 Q1 net drops 4.3%; hurt by hail, lower salesAuto News

Group 1 Automotive's first-quarter net income fell 4.3 percent from a year earlier to $34.3 million, hurt by Texas hailstorms and lower new-vehicle sales in the U.S., the auto retailer said today.

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Ford issues five recalls for 285,000 N.A. vehiclesAuto News

Ford today issued five recalls covering a total of about 285,000 vehicles in North America for problems that include transmissions downshifting into first gear at high speeds, poor welding and tires damaged by a factory conveyor belt.

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Volvo announces 3 regional executive moves in U.S. Auto News

Volvo Car USA has announced three executive changes in its regional structure effective May 1.

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Bosch CEO: We did not say that Fiat is using defeat devicesAuto News

Bosch did not say that Fiat is using an illegal defeat device, the supplier's CEO, Volkmar Denner, said today. "At no point in time did Bosch communicate that Fiat is using a non-authorized defeat device."

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Bosch posts record revenue on safety and assistance systems, warns of slowdownAuto News

German auto parts maker Robert Bosch said it expected sales to rise at the lower end of its 3 to 5 percent forecast range this year if a slowdown in the first quarter continues.

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