Tesla Model 3 could generate $20 billion in annual revenue, Musk says Auto News

Tesla CEO Elon Musk said the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion.

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Federal grand jury probes FCA's U.S. salesAuto News

Some of Fiat Chrysler's U.S. dealers have begun receiving subpoenas to provide documents and or testimony to a federal grand jury in Detroit as part of a probe into the company's sales reporting practices.

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So sorry about your analysisAuto News

FCA US' move to revise the methodology it has used to report U.S. sales for 30 years and restating monthly results since January 2011 is unsettling.

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FCA: Sales Win Streak Ended in '13 (7/26/16)

FCA revises sales reporting, streak ended in ‘13; End near for Dart, 200?; VW buyback plan...
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Ally nearly doubles net income to $360 million in Q2Auto News

Ally Financial's second-quarter net income nearly doubled to $360 million, and net financing revenue grew 7.4 percent, as the lender increasingly focused on profitability over quantity of loans and leases.

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Fairlane Ford dealership porter killed in parking lot incidentAuto News

A porter at Fairlane Ford in suburban Detroit died after he was pinned in between two trucks Tuesday morning. the Dearborn Police Department said other dealership employees found the man around 7 a.m.

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U.S. report says Tesla driver speeding in fatal Autopilot crashAuto News

A driver killed on May 7 in a crash in a Tesla using the car's Autopilot software was speeding, the U.S. National Transportation Safety Board said on Tuesday in its preliminary findings.

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Sonic Automotive's Q2 net income surges 54%Auto News

Sonic Automotive's adjusted net income surged 54 percent in the second quarter to $22.8 million, largely on cost controls, as revenue and new-vehicle unit sales fell.

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Clinton, if elected, plans to renegotiate NAFTA, UAW chief saysAuto News

UAW President Dennis Williams said Democratic presidential candidate Hillary Clinton has assured him she would renegotiate the North American Free Trade Agreement if she is elected president.

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VW diesel emissions settlement approved by U.S. judge Auto News

A federal judge granted preliminary approval for a $10 billion settlement in which Volkswagen AG will offer to buy back up to 475,000 polluting 2.0 liter diesel-powered vehicles.

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FCA restates U.S. sales, says winning streak ended 3 years agoAuto News

Fiat Chrysler is changing the way it reports monthly U.S. sales to make the process more transparent, and as a result of the change, said its 75-month sales streak would have ended at 40 months, in September 2013.

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FCA revises sales reporting practices; says streak ended in Sept. '13 at 40 monthsAuto News

Fiat Chrysler is changing the way it reports monthly U.S. sales to make the process more transparent, and as a result of the change, said its 75-month sales streak would have ended at 40 months, in September 2013.

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Porsche to skip 2017 Detroit auto show Auto News

Porsche will skip the Detroit auto show next year as part of plans to focus on trade shows in New York and its most important U.S. market for sports cars, Los Angeles.

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Hyundai preps hot-hatch version of Elantra for U.S.Auto News

Spy photos signal Hyundai's performance division is close to fielding its first production model for the U.S. The 2018 Elantra GT N features a lower profile and sportier styling than the standard compact hatchback.

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A case for the spare tire&'s returnAuto News

Our safety may depend, legislatively, on correcting the weight-slashing, overzealousness that has eliminated spare tires from many new cars.

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Asbury Q2 net income falls 11%Auto News

Asbury Automotive Group's net income in the second quarter dropped 11 percent to $36.7 million, the company said today as both new- and used-vehicle sales dropped. Revenue dipped 4 percent to $1.627 billion.

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FCA earmarks $1.5 billion to build Ram 1500 pickups at Chrysler 200 plant Auto News

Fiat Chrysler will invest $1.48 billion to convert its Sterling Heights Assembly plant in suburban Detroit from unibody to body-on-frame construction to build the next-generation Ram 1500 pickup.

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FCA to spend $1.5 billion to retool Chrysler 200 plant to make Ram 1500 pickupsAuto News

Fiat Chrysler will invest $1.48 billion to convert its Sterling Heights Assembly plant in suburban Detroit from unibody to body-on-frame construction to build the next-generation Ram 1500 pickup.

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Kia helps surfer tackle waves in top campaignAuto News

To hammer home the point of craftsmanship, the spot shows leather being stitched together on a steering wheel while wood grain is being carved as viewers get a glimpse of the CX-9's interior.

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Mobileye says Tesla contract won't be extended; tech supplier posts 76% gain in Q2 profitsAuto News

Mobileye NV, an Israeli maker of driving-assistance chips and software, posted a surge in second-quarter earnings and revenue, but said its contract with Tesla would not be renewed after it expires.

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Audi prices A4 allroad from $44,950Auto News

When the 2017 Audi A4 allroad reaches dealership lots this fall, it will start at $44,950, including a $950 shipping charge. The A4 allroad is powered by a 2.0-liter engine that produces 252 hp and 273 pounds-feet of torque.

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'17 Ford Raptor pricing to start at $49,520Auto News

Pricing for the 2017 Ford F-150 Raptor SuperCab will start at $49,520, including shipping, giving Ford another opportunity to drive average transaction prices higher for the F series, the top-selling light vehicle in the U.S.

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Cars.com will buy DealerRater to create review giantAuto News

Third-party shopping site Cars.com will buy DealerRater -- a platform where consumers can write reviews about salespeople, dealerships and service shops -- creating what Cars.com says will be the largest dealer-review forum in the industry.

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