Apple taps BlackBerry talent as car project takes software turn, report saysAuto News

Apple Inc. has hired the former head of BlackBerry Ltd.'s automotive software division as new leadership at the iPhone-maker's car team places increased emphasis on developing self-driving technology, people familiar with the project told Bloomberg.

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BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soarsAuto News

BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statement.

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Mercedes pulls ad challenged by safety groupsAuto News

Mercedes-Benz USA is pulling an ad for the redesigned 2017 E-class sedan after consumer and safety advocates on Wednesday called the spot misleading in its depiction of the vehicle's driver-assist systems.

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Lear Q2 earnings rise on gains in both seating and electronicsAuto News

Lear reported a 55 percent increase in net income during the second quarter, thanks mostly to improvements in the company's seating and electronics units. The $282 million second-quarter net income rose sharply from $182 million last year.

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Visteon says it booked record $1.6 billion in new business during Q2Auto News

Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday.

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Ford's Plan to Battle Weak Q3 (7/28/16)

How Fields plans to boost Ford profits, ‘play through’ stock swings; UAW’s beef...
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Group 1's Q2 profits flat, hit by storm expensesAuto News

Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S.

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Group 1&'s Q2 profits flat, hit by storm expensesAuto News

Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S.

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Penske Automotive's Q2 net slips 0.7% on currency, interest costs.Auto News

Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs.

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Penske Q2 hereAuto News

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Wells Fargo faces U.S. probe over soldiers' car seizures, report saysAuto News

Wells Fargo is facing a U.S. investigation into whether it improperly repossessed cars owned by members of the military, two people with knowledge of the probe told Bloomberg.

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Lithia's Q2 net rises 0.4% on used, service and parts gainsAuto News

Lithia Motors' second-quarter profit and revenue increased, mostly as a result of gains in volume of used-vehicle sales and service and parts business.

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Ford posts 9% decline in Q2 profit, warns of challenges aheadAuto News

Ford said its second-quarter profit fell 9 percent to $1.97 billion and warned of a 'very weak third quarter' as U.S. demand softens and the automaker launches redesigned versions of its heavy-duty pickups.

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