Toyota expands connected-car hub in TexasAuto News

Toyota Connected, the automaker's global data-science hub, is expanding staff and operations near the company's new North American headquarters in Texas.

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Kia's New Marketing Chief is Imported from FCA (4/27/17)

Kia’s new marketing chief is imported from FCA; Ford’s Fields sees ‘opportunities’ in Europe;...
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Toyota recalls 228,000 Tacomas in U.S. for differential oil leaksAuto News

Toyota Motor North America is recalling about 228,000 2016 and 2017 Toyota Tacoma midsize pickups in the U.S. because their rear differentials may leak oil.

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Ally's Q1 net falls 14 percent on increased loan-loss provisionAuto News

Ally Financial's first-quarter net income dropped 14 percent from a year earlier primarily because of an increased provision for auto losses

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Visteon triples Q1 net incomeAuto News

Visteon reported that its first-quarter net income more than tripled, reflecting higher electronics production volume and new business, as well as income from discontinued operations.

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BorgWarner Q1 gains driven by organic growthAuto News

BorgWarner delivered strong first-quarter earnings driven by organic revenue growth, and the supplier said it is confident in continued market-share expansion.

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Kia picks Saad Chehab to lead marketingAuto News

Kia -- on the cusp of launching its critical Stinger performance sedan -- has hired former Chrysler advertising whiz Saad Chehab as its new marketing chief.

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Asbury's Q1 net rises 9.7% on FandI, parts and service gainsAuto News

Asbury Automotive Group's first-quarter net income climbed 9.7 percent to $34 million on parts and service and finance and insurance gains, as revenue held flat at $1.55 billion.

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Tesla's Klaus Grohmann ousted after clash with Elon MuskAuto News

Klaus Grohmann was ousted last month after a clash with CEO Elon Musk over the strategy of Grohmann's firm, which Tesla had acquired in November, Reuters reported.

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Wells Fargo, JPMorgan wary of auto loans, pack them in bondsAuto News

Depending whose money they're using, Wells Fargo and JPMorgan Chase either love subprime car loans or fear them.

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Ford's loss on canceled Mexico plant will be lower than expectedAuto News

Ford's loss on its aborted Mexico plant in San Luis Potosi totaled $153 million, 23 percent less than it had originally booked.

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Ford won't lose as much on canceled Mexico plant as expectedAuto News

Ford's loss on its aborted Mexico plant in San Luis Potosi totaled $153 million, 23 percent less than it had originally booked.

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Kia plans $1.1 billion plant in IndiaAuto News

Kia Motors signed a deal to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging.

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Asbury's Q1 net rises 9.7% on FandI, parts and service gains, flat revenueAuto News

Asbury Automotive Group's first-quarter net income climbed 9.7 percent to $34 million on parts and service and finance and insurance gains, as revenue held flat at $1.55 billion.

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Ford profits fall on recall charges, higher costs Auto News

Ford reported first-quarter net income of $1.6 billion, down $900 million from a year earlier, as revenue rose and profit margins shrank. Pretax earnings were $2.2 billion, down $1.

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Tesla hikes pay to quell unrest at key German supplier Auto News

Tesla offered pay rises and job guarantees to defuse labor tensions at a key German supplier, whose founder and CEO left the company late last month, German labor officials said.

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