VW, Ford in talks on autonomous, electric vehicles, report saysAuto News

Volkswagen and Ford are in "exploratory talks" to jointly develop self-driving and electric vehicles in a far-reaching strategic alliance meant to save the companies billions of dollars, Reuters reported, citing a person familiar with the matter.

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GM to end outgoing Silverado, Sierra production in 2019Auto News

GM CFO Dhivya Suryadevara on Wednesday said the company will begin winding down production of the outgoing K2 crew cab models early next year.

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GM to end outgoing Silverado, Sierra production in 2019Auto News

GM CFO Dhivya Suryadevara on Wednesday said the company will begin winding down production of the outgoing K2 crew cab models early next year.

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GM Offers 18,000 Buyouts in 'Proactive' Step (10/31/18)

GM calls 18,000 buyout offers ‘proactive’ step; Oct. U.S. sales expected to fall; JLR...
from TumblrCynthia Lin

Aptiv's Q3 net drops despite increase in sales as production falls in key marketsAuto News

The global automotive technology supplier reported its sales grew 11 percent to $3.5 billion in the third quarter, despite lower production volumes in some of its biggest markets, especially China and Europe.

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Hyundai, Kia to develop new solar charging techAuto News

Hyundai and Kia are planning to launch a solar charging technology for some Hyundai vehicles to meet global emission regulation targets.

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GM offering buyouts to 18,000 salaried employeesAuto News

General Motors is offering voluntary buyouts to roughly 18,000 salaried employees in North America with 12 years or more of experience.

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Toyota must pay family $208M for Lexus crash after Texas judge lowers awardAuto News

A Dallas County judge reduced the amount awarded to a family to $208 million after finding that manufacturer defects in the family's Lexus ES 300 caused two children to sustain serious and permanent injuries during a rear-end collision in September...

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Ford, Baidu to start self-driving road tests in ChinaAuto News

Ford and Baidu launched a two-year project to test self-driving vehicles on Chinese roads, amid a global race by carmakers and technology companies to develop autonomous vehicles and the software that runs them.

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Tata Motors posts Q2 loss on declining JLR sales, one-time chargeAuto News

Tata Motors reported a loss for the three months ended September, dented by falling Jaguar Land Rover sales and a one-time charge related to a subsidiary closure in Thailand.

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GM posts $2.5 billion 3Q profit on strong results in key marketsAuto News

Stronger-than-expected results in China and North America propelled General Motors to a 25 percent increase in pretax profit in the third quarter and net income of $2.5 billion.

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Tata Motors posts Q2 loss on declining JLR sales, one-time chargeAuto News

Tata Motors on Wednesday reported a loss for the three months ended September, dented by falling Jaguar Land Rover sales and a one-time charge related to a subsidiary closure in Thailand.

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GM posts $2.5 billion 3Q profit on strong results in key marketsAuto News

Stronger-than-expected results in China and North America propelled General Motors to a 25 percent increase in pretax profit in the third quarter and net income of $2.5 billion.

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Ford, Baidu to start self-driving road tests in ChinaAuto News

Ford and Baidu launched a two-year project to test self-driving vehicles on Chinese roads, amid a global race by carmakers and technology firms to develop autonomous vehicles and the software that runs them.

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Time running out for autonomous car bill sought by automakersAuto News

A push on Capitol Hill to speed development of self-driving vehicles may not cross the finish line in time for this Congress #8212; casting doubt on the future of unusually bipartisan legislation in Washington.

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Mazda slumps to operating loss amid falling sales, rising costsAuto News

Mazda slumped into the red in the most recent quarter, broadsided by falling global sales, suspended production in Japan, unfavorable foreign exchange rates and increased investment in its U.S. retail network reforms.

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VW may share EV platform with FordAuto News

Volkswagen could be open to sharing its new electric vehicle platform with Ford as the automaker seeks to establish partnerships to share development costs.

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Mazda slumps to quarterly loss amid falling sales, rising costsAuto News

Mazda slumped into the red in the most recent quarter, broadsided by falling global sales, suspended production in Japan, unfavorable foreign exchange rates and spiraling costs for increased investment in its U.S. retail network reforms.

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Faraday Future co-founder Nick Sampson steps downAuto News

Chinese EV developer Faraday Future said co-founder Nick Sampson has resigned, a week after the cash-starved company planned pay cuts and layoffs to reduce operational costs.

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Tesla accused in driver suit of overstating Autopilot safety Auto News

Tesla is accused in a lawsuit of misleading consumers into believing that the Autopilot system on its cars can safely transport passengers at highway speeds.

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FCA, 2,200 years after Hannibal, brandishes 1,000-hp war elephantAuto News

Some 2,200 years after Hannibal crossed the Alps to invade Italy using an army of African war elephants, FCA's Mopar brand is unleashing the Hellephant -- a giant, supercharged 1,000-hp crate engine it intends to sell next year and is capable of...

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Waymo gets first California OK for driverless testing without backup driverAuto News

Alphabet's Waymo unit on Tuesday became the first company to receive a permit from California to test driverless vehicles without a backup driver in the front seat, the state's Department of Motor Vehicles said.

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Faraday Future co-founder Nick Sampson steps downAuto News

Chinese EV developer Faraday Future said co-founder Nick Sampson has resigned, a week after the cash-starved company planned pay cuts and layoffs to reduce operational costs.

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Tesla accused in driver suit of overstating Autopilot safety Auto News

Tesla is accused in a lawsuit of misleading consumers into believing that the Autopilot system on its cars can safely transport passengers at highway speeds.

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FCA Can Go It Alone, Manley Says (10/30/18)

FCA can go it alone, Manley says; Q3 earnings rise; Hyundai Brazil exec named interim U.S. chief;...
from TumblrCynthia Lin

Honda profit surges 40% on more profitable mix, cost cutsAuto News

Honda's more profitable sales mix and aggressive cost cutting offset foreign exchange rate losses.

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Faraday Future co-founder Nick Sampson steps down, report saysAuto News

Chinese EV developer Faraday Future's co-founder, Nick Sampson, has resigned, tech website Verge reported, a week after the cash-starved company planned pay cuts and layoffs to reduce expenses.

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GM may need to address traditional issues sooner rather than laterAuto News

The automaker's third-quarter earnings report, set for release Wednesday, could shed more light on GM's operational challenges and how the company plans to navigate them.

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Hyundai names interim CEO of America unitAuto News

Hyundai Motor named William Lee, who's held various leadership roles in 35 years with the automaker, interim president and CEO of Hyundai Motor America.

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U.S. auto sales to drop in OctoberAuto News

U.S. light-vehicle sales are expected to dip to the lowest level for October since 2014, forecasters say, as automakers dial back on deals and the cost to buy a new car or truck keeps rising. The SAAR is expected to remain strong and top 17 million.

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Ford unleashes special-edition lightweight Carbon Series GT supercarAuto News

The Carbon Series GTs will be 40 pounds lighter than the standard supercar thanks to carbon fiber wheels, a titanium exhaust, titanium lug nuts and a polycarbonate rear hatch with additional venting.

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Bentley mulls electric car to help reduce carbon footprintAuto News

Bentley may launch its first full-electric vehicle to help reduce its fleet CO2 emissions as lawmakers introduce stricter reduction targets.

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Will BMW's new 3 series spawn an M3 wagon?Auto News

The fact that BMW has never sold an M3 wagon is baffling, but that could be changing soon, according to a report by Autocar.

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FCA tops 10% margin in North America, beats Ford profitAuto News

Fiat Chrysler outearned Ford in the third quarter, and it fulfilled a prediction from two years ago by then-CEO Sergio Marchionne by posting a record double-digit profit margin in North America.

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Toyota, Pizza Hut want to deliver fresh-cooked pies in autonomous pickupAuto News

Pizza Hut and Toyota are fusing two of America's favorite pastimes -- pizza and pickups -- in a bid to cut delivery times as fast-food competition heats up.

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GM's answer to CAFE is no bold leapAuto News

The EV mandate the automaker proposed last week made for some good press, but it was only half the story.

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Fiat Chrysler Q3 earnings rise 13% on record N.A. margins Auto News

Fiat Chrysler said strong profit margins in North America helped lift adjusted earnings by 13 percent in the third quarter while reducing its forecast for how much cash it will have on hand at the end of the year.

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Fiat Chrysler third-quarter earnings rise 13%Auto News

Fiat Chrysler said earnings rose 13 percent in the third quarter while reducing its forecast for how much cash it will have on hand at the end of the year.

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Toyota, Pizza Hut want to deliver fresh-cooked pies in autonomous pickupAuto News

Pizza Hut and Toyota is fusing two of America's favorite pastimes -- pizza and pickups -- in a bid to cut delivery times as fast-food competition heats up.

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Johnson Controls said to be near deal to sell battery businessAuto News

Johnson Controls International is nearing a deal to sell its power solutions business, which makes car batteries, to Brookfield Asset Management Inc. for $13 billion-$14 billion, people familiar with the matter told Reuters.

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AutoNation increases net income 15%, invests in online retailer VroomAuto News

AutoNation's third-quarter net income rose on gains in the company's parts and service, used-vehicle and FandI businesses. The dealership group also announced a strategic investment in online used-car retailer Vroom.

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Volkswagen reviewing autonomous car alliances, Waymo seen as a leaderAuto News

Volkswagen CFO Frank Witter said the carmaker was open to deeper alliances with outside companies, particularly in the area of autonomous driving, where Google's Waymo is seen to be an industry leader.

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GM cautious on switch to platinum even as palladium price soarsAuto News

Palladium's surge to a record has intensified talk among analysts that carmakers will look to replace it with cheaper platinum for use in pollution-control devices. The auto industry's answer: Not so fast.

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Former Audi CEO Rupert Stadler released from custodyAuto News

A Munich court said former Rupert Stadler, who is being investigated for his role in Volkswagen's emissions cheating scandal, had been released from custody.

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VW 3rd-quarter profit falls 19% as anti-pollution rules biteAuto News

VW Group reported an 19 percent drop in third-quarter profit, weighed down by weaker vehicle sales and headwinds tied to the introduction of more stringent WLTP emissions rules in Europe.

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Former Audi CEO Rupert Stadler released from custodyAuto News

A Munich court said former Rupert Stadler, who is being investigated for his role in Volkswagen's emissions cheating scandal, had been released from custody.

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Honda profit surges 40% on more profitable mix and cost cuttingAuto News

Honda reported a 40 percent surge in operating profit in the most recent quarter as a more profitable sales mix and aggressive cost cutting offset foreign exchange rate losses.

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Lincoln head of product development Scott Tobin to retire this weekAuto News

Scott Tobin, a key architect of Lincoln's turnaround as its director of product development, has abruptly elected to retire from the company effective later this week.

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VW, Mobileye team up on self-driving serviceAuto News

Volkswagen and global supplier Mobileye are forging a new partnership focused on the deployment of self-driving vehicles.

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Wells Fargo: Auto insurance remediation won't wrap up until 2020Auto News

Wells Fargo will not finish paying back the estimated 600,000 customers it wrongly charged for auto insurance until at least 2020, the bank said in a letter to U.S. lawmakers seen by Reuters.

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GM Calls Obama-Era Fuel Goals Not 'Feasible' (10/29/18)

GM calls Obama-era fuel-efficiency goals not ‘feasible’; Report: Daimler open to working...
from TumblrCynthia Lin

Detroit 3 diverge on path to cut tailpipe emissionsAuto News

Detroit automakers expressed divergent views on how to reform U.S. fuel economy and tailpipe emissions rules, even as they urged President Trump to continue coordinating the federal government's policies with those enacted by California.

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Daimler doesn't rule out future cooperation with Tesla, report saysAuto News

Daimler does not rule out cooperating with Tesla in future even though the German luxury car producer sold its stake in the electric-vehicle company, Daimler's CEO told a Polish newspaper

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Volkswagen fired 'wrong guy' in diesel scandal, says engineerAuto News

A top Volkswagen engineer who was interviewed by America authorities about the diesel emissions-rigging scandal has no idea why the carmaker fired him, his attorney told a German judge.

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U.S. Customs intercepts shipment of fake Mercedes partsAuto News

U.S. Customs and Border Protection officers seized a large shipment of counterfeit Mercedes-Benz auto parts this month in Philadelphia that were shipped from China.

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China mulls stimulus as light-vehicle sales fallAuto News

China is considering a tax cut on car sales to revive its flagging automotive market, lending support to a key industry that's been damaged by an ongoing trade war with the U.S.

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Dana secures major Ford Edge contract as Q3 profits, sales riseAuto News

The supplier said it will be the sole provider of disconnecting all-wheel-drive units on the 2019 Ford Edge crossover, a new feature designed to improve fuel efficiency.

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To make more Ram trucks, Fiat Chrysler reconsiders MexicoAuto News

FCA CEO Mike Manley is now reconsidering a decision announced in January to stop building Ram heavy-duty pickups at a plant in Saltillo, Mexico.

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GM says Obama-era fuel efficiency rules not feasibleAuto News

General Motors said that Obama-era rules aiming to hike fleetwide fuel efficiency to more than 50 mpg by 2025 are "not technologically feasible or economically practicable" and called for a more modest annual increase in requirements.

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Hyundai's U.S. head steps down amid shakeup of global operationsAuto News

Hyundai Motor America CEO Kyung Soo Lee has left the position to return to South Korea as an adviser for the company.

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Mercedes faces U.S. probe of recall-notice practicesAuto News

NHTSA told Mercedes-Benz USA that it found numerous instances in which owners of recalled cars weren't notified within the federally mandated 60-day window.

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GM turns the tables on regulators in proposing EV mandateAuto News

The proposal puts GM directly at odds with the Trump administration's anti-regulatory stance on environmental issues and out ahead of its competitors in pushing electric vehicles on a reluctant public.

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How Jim Moran turned JM Family Enterprises into a $15 billion companyAuto News

During the Great Depression, a young Jim Moran pumped gas before borrowing $360 to purchase his own gas station. This month, the $15.1 billion company he built in phase two of his career turns 50.

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VW rewrites the rules in new European retail agreement, allows more revenue-sharingAuto News

VW's deal with its European retailers #8212; a potential framework for upcoming negotiations in the U.S.

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NHTSA's proposed rule change should help tame headlightsAuto News

After years of pleading from global automakers, the National Highway Traffic Safety Administration announced this month that it is considering a dramatic change to the long-standing rules that govern auto headlights.

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China troubles dampen Ford's outlookAuto News

The No. 2 U.S.

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Dealers seek approval of antitrust deal with Reynolds as CDK suit proceedsAuto News

The settlement needs court approval, and the money would be put in escrow while the case against CDK Global proceeds.

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J.D. Power Marketing Roundtable focuses on techAuto News

Auto marketers shared their insights at the J.D. Power marketing event, where they discussed everything from subscription services to the use of bots to sell cars.

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Hyundai and Kia CEOs see crossover-led comebackAuto News

By the end of next year, both brands will be fielding full crossover lineups #8212; from subcompacts to full-size family movers #8212; and executives see them leading to upswings in volume.

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Magneti, Calson enter infotainment fray in $7.1 billion dealAuto News

The combined company will boast global sales of $17.3 billion, big enough to make it No. 11 on the Automotive News list of the top 100 global suppliers. But it's still the new kid on the block.

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Public auto dealer groups buoyed by e-commerce initiativesAuto News

Public retailers that reported third-quarter earnings last week said they are bolstering their e-commerce efforts to better accommodate the growing number of vehicle buyers who want to shop online.

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Concierges to help auction giant Manheim with sales apAuto News

Manheim Express is being touted as a logical evolution in digital wholesaling. But some high-volume dealers could use a little help.

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Conn. dealership group teaches cyber securityAuto News

An online phishing simulation at a Connecticut dealership group reveals a disconcerting result: A fair number of employees aren't as wary as they should be about emails -- especially if those emails look authentic.

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Denso's overhaul will find new uses for old productsAuto News

Denso Corp. looks for new value in old products as the supplier plans a transformation in the coming decade.

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EV startup Rivian built around lean-manufacturing mindsetAuto News

To launch his tradition-breaking auto company, Rivian CEO RJ Scaringe is leaning on a proven industry culture.

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American Center for Mobility at Willow Run changes course after leadership changesAuto News

As the American Center for Mobility finds a new management team after several high-profile departures, here's what lies ahead for this automated-vehicle testing facility.

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Asbury puts store expansion on its to-do listAuto News

Asbury Automotive executives said the group is interested in entering new markets as well as acquiring "tuck-in" stores, generally described as one or two stores that help round out a retailer's presence in an existing market.

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Judge rejects challenge to GM's surchargeAuto News

A federal judge in Milwaukee has shot down a challenge to a General Motors plan to impose a surcharge on all new vehicles sold to Wisconsin dealerships that opt for higher-than-contractual reimbursement rates for warranty labor and parts.

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Rising vehicle prices tighten pre-owned inventoryAuto News

Cox Automotive predicts rising vehicle prices will lead to fewer pre-owned cars and trucks for dealers.

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Auto suppliers seek pause on steel, aluminum tariffs until U.S. capacity developsAuto News

Suppliers say they can't afford to make investments to develop domestic metal sources if they're getting beat up with tariffs at the same time.

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GM, Ford turning to reward programs to boost customer loyaltyAuto News

As U.S. auto sales slow, some automakers are increasing efforts to retain current customers rather than conquesting new ones.

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VW subsidiary commits $2 billion to charging stationsAuto News

Automakers haven't been eager to spend the billions to build EV charging infrastructure. Now, Volkswagen is working to make it happen -- not because it wants to, but as a punishment.

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Pizza in D.C.? Ford to expand autonomous delivery serviceAuto News

Ford takes lessons from its self-driving delivery service in Florida to D.C., as it prepares to establish a second hub for its self-driving business.

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Lynk and CO 'gears' up for U.S.Auto News

Instead of selling cars at first, the Lynk and CO joint venture between Volvo and Chinese automotive giant Geely first wants to crack the U.S. market by selling other merchandise.

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Maryland startup finds self-parking spotAuto News

While other self-driving developers are focused on getting passengers from Point A to Point B, Steer is more concerned about what to do with cars after occupants leave the vehicle.

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The Trump Factor: How Policies Help, Hurt Bottom Lines (10/26/18)

The Trump factor: How policies hurt, help bottom lines; Report: Tesla probe deepens; Ford-Volkswagen...
from TumblrCynthia Lin

Tenneco to close 2 plants amid ride control restructuringAuto News

Ride-control and emissions systems supplier Tenneco said it will close its ride-control plants in Ontario and Hartwell, Ga., as a result of shifting market conditions and capacity requirements.

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Tesla says it hasn't been subpoenaed on Model 3 production following report of FBI investigationAuto News

Tesla has not received a subpoena from the Department of Justice related to its forecast for Model 3 production, the carmaker said after The Wall Street Journal reported the company is facing a deepening criminal probe about the projections.

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UAW nonprofit builds lakefront cabin for retired president amid scandal, report says Auto News

As the federal investigation into the FCA-UAW scandal continues to widen, local news reports that Union Building Corp., the UAW's nonprofit real estate unit, is building a lakefront cabin for retired President Dennis Williams.

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UAW nonprofit builds lakefront cabin amid scandal Auto News

As the federal investigation into the FCA-UAW scandal continues to widen, local news reports that Union Building Corp., the UAW's nonprofit real estate unit, is building a lakefront cabin for retired President Dennis Williams.

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Used-vehicle sales help buoy Group 1's Q3 resultsAuto News

Strong used-vehicle gains helped Group 1 Automotive boost profits even in a third quarter in which new-vehicle sales dropped nearly 10 percent in an unfavorable comparison to the year-ago gain realized from Hurricane Harvey.

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Used-vehicle sales help buoy Group 1's Q3 resultsAuto News

Strong used-vehicle gains helped Group 1 Automotive boost profits even in a third quarter in which new-vehicle sales dropped nearly 10 percent in an unfavorable comparison to the year-ago gain realized from Hurricane Harvey.

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How Adient lost $11 million on a failed Detroit real estate dealAuto News

Seating supplier Adient plc lost more than $11 million in the sale of its planned downtown Detroit headquarters, according to a report from Crain's Detroit Business.

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Visteon's Q3 earnings take hit as production slows globallyAuto News

Visteon, which provides automakers with instrument clusters, audio and infotainment and other electronics, reported lower production for its big customers in every major global automotive market, which dragged down the supplier's sales and profits...

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Why FCA is idling minivan production for a week in OntarioAuto News

Fiat Chrysler Automobiles said it will idle its minivan plant in Windsor, Ont., for a week beginning Oct. 29 in order to 'adjust inventories."

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McLaren's $2.1 million supercarAuto News

McLaren Automotive's next step in its push for electrification is its most extreme model yet. The Speedtail, a 1,035-hp gasoline-electric hybrid that was shown for the first time last week, pays homage in many ways to the iconic F1 of the 1990s.

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McLaren's $2.1 million supercarAuto News

McLaren Automotive's next step in its push for electrification is its most extreme model yet. The Speedtail, a 1,035-hp gasoline-electric hybrid that was shown for the first time last week, pays homage in many ways to the iconic F1 of the 1990s.

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Honda mulls moving U.S.-bound Fit production from Mexico to Japan, report saysAuto News

Honda is considering shifting production of its U.S.-bound Fit subcompact cars to Japan from Mexico in a few years, partly due to a new NAFTA, two people familiar with the deal told Reuters.

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GM explains why it disagrees with Trump on electric vehicle mandatesAuto News

The Trump administration wants to end California's requirement for automakers to sell more EVs in the state each year. GM has a different idea: adopt the rule nationwide.

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Volvo hits a speed bump in the third quarterAuto News

Volvo said operating income fell 50 percent in the last quarter, as the company was hit by costs from product launches and the impact of higher tariffs.

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Why Ford and VW are talking about a deeper allianceAuto News

Ford and Volkswagen are hurrying talks to broaden their alliance in ways that would help Ford reverse losses in Europe and South America and share costs for technology and small cars.

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BorgWarner Q3 earnings rise despite headwindsAuto News

BorgWarner expects to continue to outperform the new-vehicle market -- partly by ramping up its business in hybrids and electric vehicles -- despite growing headwinds.

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Why Ford is recalling 1.3 million Focus sedans in the U.S.Auto News

Ford said it is recalling nearly 1.3 million Ford Focus vehicles in the U.S. over an issue with the canister purge valve that may trigger engine stalls.

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Why a simple fender bender could cost drivers thousands of dollarsAuto News

New advanced safety systems are slowly becoming more ubiquitous across the auto industry, but new research from the AAA indicates that safety benefits may come at a price.

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New safety systems may double repair costs in minor incidents, AAA study showsAuto News

New advanced safety systems are slowly becoming more ubiquitous across the auto industry, but new research from the AAA indicates that safety benefits may come at a price.

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Autoliv spinoff Veoneer delays sales, margin goals as auto gloom spreadsAuto News

Swedish auto supplier Veoneer, the Autoliv spinoff firm, pushed back its sales and margin targets, blaming production delays at customers struggling with tougher regulations and faltering demand.

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GM’s AV Effort Said to Have Hit Rough Patch (10/25/18)

GM’s AV effort said to have hit rough patch; VW seeking stake in Waymo?; Ford recalls 1.5M Focus...
from TumblrCynthia Lin

Lyft makes aggressive acquisition, accelerates self-driving randdAuto News

Lyft said it acquired augmented reality startup Blue Vision Labs, accelerating the company another step forward in the race to revolutionize transportation through autonomous driving.

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Lear CFO laments predicting 'slippery pig' auto production cyclesAuto News

Given recent volatility in auto production schedules, trying to predict short-term production volumes is a slippery business right now, said Lear CFO Jeff Vanneste.

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Sonic's EchoPark business thrives, but Q3 net income fallsAuto News

Sonic Automotive's net income dipped in the third quarter because of lower revenue and new-vehicle sales, though the company saw gains in its standalone EchoPark used-vehicle operations.

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Ally's auto originations fall flat in Q3Auto News

Despite substantial gains in the used-vehicle market and lease originations, Ally Financial's consumer auto originations remained flat in the third quarter because of declining new vehicle business.

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Jaguar Land Rover's massive new Slovak plant opens for Job 1Auto News

Jaguar Land Rover officially launched its Slovakia plant amid warnings that UK production jobs could be at risk because of Brexit.

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California to fight 'unlawful' Trump fuel economy rollbackAuto News

California plans to attack the Trump administration proposal to freeze auto fuel economy standards at 2020 levels and unwind the state's plan for more stringent rules on tailpipe greenhouse gas emissions as "unlawful," California's attorney general...

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VW in talks with Waymo about mobility services partnership, report saysAuto News

VW Group is exploring a European partnership in the area of mobility services with Waymo and a battery investment with SK Innovation, a report said.

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Ford recalls nearly 1.5 million Focus sedans for engine stall issueAuto News

Ford will recall nearly 1.5 million cars in North America to address a faulty part that could lead to engine stalls. The recall covers 2012-2018 Focus cars with 2.0-liter GDI and 2.0-liter GTDI engines.

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Why Penske Automotive generated record Q3 earningsAuto News

Penske Automotive's third-quarter earnings set records, aided by increases in overall sales, plus higher gross profits in most parts of its retail automotive business.

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Hyundai quarterly profit drops on U.S. recall costsAuto News

Hyundai Motor's third-quarter profit plunged by two-thirds, hit by a $440 million one-off charge related to costs from U.S. airbag and engine-related recalls.

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Daimler Q3 earnings fall 27%, hit by Germany slump Auto News

Daimler said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter earnings.

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Tesla, Elon Musk report 'historic' $312 million Q3 profitAuto News

Tesla reported net income of $312 million for the third quarter, its first GAAP profit in two years, as revenue doubled amid rising production of the Model 3 sedan.

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Tesla reports $312 million profit in Q3 as Model 3 deliveries surgeAuto News

Tesla reported net income of $312 million for the third quarter, its first GAAP profit in two years, as revenue doubled amid rising production of the Model 3 sedan.The company posted a net loss of $619.

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Ford posts 37% earnings decline on China challenges, retreats on profit margin goalAuto News

Poor results in China and other overseas markets contributed to a 37 percent drop in third-quarter net income for Ford, and the automaker backed off its goal of raising its global profit margin to 8 percent by 2020.

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Ford's Q3 net income falls 37 percent behind challenges in China, company backs off 2020 profit margin goalAuto News

Ford on Wednesday posted a 3 percent revenue gain to $37.6 billion, driven by higher-profit vehicles in North America like the recently-redesigned Expedition and Lincoln Navigator. Its earnings before interest and taxes fell 27 percent to $1.

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Why the D3, Tesla Fell Short in Reliability Study (10/24/18)

Why the D3, Tesla fell short in reliability study; Lexus, Toyota reign again; Lyft accelerates AV...
from TumblrCynthia Lin

Lithia boosts Q3 net income, revenue as it cuts underperforming storesAuto News

Lithia reported net income of $93.1 million in the third quarter, a 79 percent increase over last year.

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Lithia boosts net income, revenue in Q3Auto News

Lithia reported net income of $93.1 million in the third quarter, a 79 percent increase over last year.

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GM's driverless car bet is hitting speed bumps, missing milestones, report saysAuto News

GM's Cruise self-driving car unit has landed $5 billion in commitments from SoftBank and Honda to develop a robot taxi that can safely navigate city streets. But the plan is hitting speed bumps.

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Domestic brands languish in Consumer Reports' latest vehicle reliability surveyAuto News

The Detroit 3 and Tesla were at the bottom half of Consumer Reports' 2018 Auto Reliability Survey. The top American brand in Consumer Reports' 2018 Auto Reliability Survey was Ford, and it finished 18th out of 29 marques.

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consumer-reports-reliability-survey-detroitAuto News

The Detroit 3 and Tesla were at the bottom half of Consumer Reports' 2018 Auto Reliability Survey.

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How Intel is managing its $15 billion acquisition of MobileyeAuto News

While Mobileye continues to chase the goal of autonomous driving, it is reaping the benefits of being part of larger company Intel.

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Why Ally Financial ditched the Clearmatch pilotAuto News

Ally Financial axed Clearmatch, a pilot program designed to connect customers with lenders and dealerships, just eight months after launching the feature.

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Dealers use app to help customers save on auto insuranceAuto News

Some dealerships are relying on DealerPolicy, a digital insurance platform that allows customers to compare quotes for car insurance while still in the dealership.

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Dealers grapple with buyers' interest rate expectationsAuto News

As interest rates continue to climb, car buyers are taking notice. And many of them are objecting to rates offered by dealerships.

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Why Daimler Financial is experimenting with avatarsAuto News

Through Daimler Financial Services' investment in Soul Machines, a developer of emotional intelligence for use in machines and digital avatars, customers may be able to make their purchase and finance decisions with advice from an avatar.

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Tesla's Shanghai factory to produce 2 models in first phaseAuto News

The new factory aims to manufacture Model 3 and Model Y cars, with annual capacity of 250,000 vehicles.

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Customers could someday work with avatars to finance with DaimlerAuto News

Through Daimler Financial Services'

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Offering competitive auto insurance from the store helps dealers cut customer costsAuto News

Some dealerships are relying on DealerPolicy, a digital insurance platform that allows customers to compare quotes for car insurance while still in the dealership.

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Ally ends Clearmatch pilot Auto News

Ally Financial axed Clearmatch, a pilot program designed to connect customers with lenders and dealerships, just eight months after launching the feature.

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Overcoming interest rate objectionAuto News

As interest rates continue to climb, car buyers are taking notice. And many of them are objecting to rates offered by dealerships.

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Why Volvo is investing in this California EV charging firmAuto News

Volvo, which has aggressive plans to electrify its lineup starting next year, has acquired a stake in vehicle charging company FreeWire Technologies.

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Ford will halt production in Spain for 9 days because of low demandAuto News

Engine production will also be halted for 13 days next month, a company spokesman said. Part of the Spanish production of Ford engines is sent to Canada for assembly of its Edge model.

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Self-driving car industry needs better metrics, DOT official saysAuto News

Autonomous vehicle manufacturers need a better yardstick to show that their products are safe, said Derek Kan, undersecretary for policy at the U.S. Department of Transportation.

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Tesla increases new Model 3 price by $1,000Auto News

Tesla has increased the price for its new Model 3 sedan launched last week by $1,000 to $46,000, according to the company's website.

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Has Tesla finally turned corner on profit promise? Auto News

After months of "production hell," then a period of mayhem involving Elon Musk, Tesla may finally be entering a new era -- one in which it makes money.

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Has Tesla finally turned corner on profit promise? Auto News

After months of "production hell," then a period of mayhem involving Elon Musk, Tesla may finally be entering a new era -- one in which it makes money.

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CEOs at Hyundai, Kia pledge cooperation with U.S. over rash of firesAuto News

The global bosses at Hyundai and Kia are still weighing a congressional call to have their top U.S. executives testify about a rash of reported noncollision fires in their vehicles as they work with regulators to address safety concerns.

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Ford will halt production Spain for 9 days because of low demandAuto News

Engine production will also be halted for 13 days next month, a company spokesman said. Part of the Spanish production of Ford engines is sent to Canada for assembly of its Edge model.

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Explosion, fire reported at supplier Meridian's plant in CanadaAuto News

An explosion and fire has idled production at auto supplier Meridian in Southwestern Ontario, according to local media there.

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Ford announces new CEO for China, several restructuring movesAuto News

Ford said it appointed a new head of its China operations to help turn around flagging sales in the world's largest auto market. It also announced several other China initiatives.

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Tesla Critic’s U-Turn Lifts Shares (10/23/18)

Tesla critic’s U-turn lifts shares; Dyson to build EVs in Singapore; Four straight wins for Ford...
from TumblrCynthia Lin

Why GM is expanding Maven's peer-to-peer car-sharing programAuto News

General Motors plans to expand its Maven peer-to-peer car sharing initiative to 10 cities by the end of the year.

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Nvidia's first autonomous safety report promotes simulationsAuto News

Simulated test drives enable the company to "catch a lot of things we wouldn't be able to catch otherwise, or which would take forever to see in the real world."

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Asbury net income surges on gains in FandI, parts and serviceAuto News

Asbury Automotive's net income surged in the third quarter, driven by increases in the company's finance and insurance and parts and service business lines. The company also lifted its revenue.

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Asbury net income surges on gains in FandI, parts and serviceAuto News

Asbury Automotive Group Inc.'s net income surged in the third quarter, driven by increases in the company's finance and insurance and parts and service business lines. The company also lifted its revenue.

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Why these three vehicles will get my votes for North American Car and Truck of the YearAuto News

Last week I was one of 57 jurors who drove 70 vehicles that are semifinalists for the North American car, truck and utility of the year awards. Here's my early picks for winners and losers.

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BMW expands recall on fire risk to 1.6 million diesel vehiclesAuto News

The voluntary service action follows a BMW investigation that found coolant could leak from the car's exhaust recirculation unit.

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Subaru halves profit forecast in fallout from faulty inspectionsAuto News

The inspections violated transport ministry norms and eventually led to the recall of 395,000 vehicles.

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Dyson picks Singapore to build electric carsAuto News

The choice of Singapore -- which doesn't have a single car-manufacturing plant and is one of the costliest places in the world to buy an automobile -- comes as Tesla zeroes in on establishing a factory in China.

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Faraday plans layoffs, temporary pay cuts after funding disputeAuto News

The electric-vehicle maker said it will lay off some employees and cut staff salaries by 20 percent because of "financial difficulty" following a dispute with its property-tycoon backer.

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Faraday plans layoffs, pay cuts after funding disputeAuto News

Faraday Future said it will lay off some employees and cut staff salaries by 20 percent because of "financial difficulty" following a dispute with its property-tycoon backer.

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Rolls-Royce names veteran BMW exec as manufacturing bossAuto News

Johann Wolff began his career at BMW as an apprentice before going on to manage several BMW foundries as a master craftsman in foundry pattern making.

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BMW expands recall on fire risk to 1.6 million diesel vehicles in Europe, AsiaAuto News

The voluntary service action follows a BMW investigation that found coolant could leak from the car's exhaust recirculation unit.

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FCA's Magneti Marelli sale offers chance to fulfill Marchionne dividend vowAuto News

Fiat Chrysler has not paid a dividend since it was formed in 2014, but the automaker now has the chance to change this following its sale of supplier Magneti Marelli.

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John Hennessey puts the more in Ford F-150Auto News

If anyone needed further proof that "too much" and "pickup" no longer belong in the same sentence, Texas tuner John Hennessey has created the 2019 Hennessey Heritage F-150, a supercharged 758-hp Ford pickup with a starting price of $94,950.

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Getaway cars find home in Tenn. museumAuto News

The Alcatraz East Crime Museum in Pigeon Forge, Tenn. is home to a collection of notorious getaway cars, including the white Ford Bronco made famous in the slow-speed chase involving O.J. Simpson.

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How the Ranger Fits In Ford’s Pickup Lineup (10/22/18)

How the Ranger fits in Ford’s pickup lineup; Volvo looks to pass Lincoln; Nissan Maxima preps for...
from TumblrCynthia Lin

Ford Ranger won't cannibalize F-150 sales, Joe Hinrichs saysAuto News

As F-150 prices continue to climb, the automaker's head of global operations says "there's room now" for a less expensive midsize pickup in Ford's lineup.

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Ford's Hinrichs says Trump tariffs make U.S. steel costliest in the worldAuto News

A top Ford executive is escalating its criticism of the Trump administration's metals tariffs that the company has already said took a $1 billion bite out of profit.

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Ford will place next self-driving fleet in Washington D.C.Auto News

Ford next year plans to begin testing its autonomous-driving technology in Washington D.C., in anticipation of a commercial launch in 2021 that's centered on both passenger service and package deliveries, according to multiple sources.

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Ford will place next self-driving fleet in Washington D.C.Auto News

Ford intends to make the nation's capital a pillar in its strategy to commercially deploy self-driving vehicles.

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Borgward maker looks for investorsAuto News

Reviving a long-dormant auto brand is not as easy as it might look. Consider the case of Borgward.

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London taxi company Addison Lee promises self-driving cars by 2021Auto News

A fleet of autonomous taxis could roll onto the streets of London within three years, after one of city's biggest private-hire taxi companies struck a deal with a maker of autonomous vehicle software.

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Trump's EU trade talks quickly become contentiousAuto News

A review of EU and U.S. trade ties could include a new tariff on cars, but an overhaul of their more than $1 trillion commercial relationship may be some way off.

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London taxi company Addison Lee promises self-driving cars by 2021Auto News

A fleet of autonomous taxis could roll onto the streets of London within three years, after one of city's biggest private-hire taxi companies struck a deal with a maker of autonomous vehicle software.

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Why this Tesla wannabe has a big brother problemAuto News

Nio, the Chinese EV maker that raised almost $1 billion in recent IPO, is banking on its smart and connected car. But there are concerns over data privacy.

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Audi e-tron faces four-week delay because of software issueAuto News

A spokesman said the e-tron is delayed because the automaker needs new regulatory clearance for a piece of software that was modified during the development process.

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Fiat Chrysler agrees to sell Magneti Marelli to KKR's Calsonic KanseiAuto News

Fiat Chrysler is selling its parts unit, Magneti Marelli, to Calsonic Kansei in a $7.1 billion transaction, the two companies said. The new company will be called Magneti Marelli CK Holdings.

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Fiat Chrysler agrees to sell Marelli to KKR's Calsonic KanseiAuto News

Fiat Chrysler is selling its parts unit, Magneti Marelli, to KKR and Co.'s Calsonic Kansei in a 6.2 billion-euro ($7.1 billion) transaction, the two companies said.

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Jamie Butters joins Automotive News in new role of content officerAuto News

Jamie Butters has joined Automotive News in the new role of chief content officer. The move positions Butters to succeed Richard Johnson when he retires as editor of the weekly print edition on March 1, 2019.

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Honda tests V2X technology at intersection in Marysville, OhioAuto News

Last November, the city of Marysville, Ohio, mounted four cameras above the traffic lights at an nondescript intersection as part of a pilot project with Honda. Residents thought it was a way to trap them with speeding tickets.

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Car dealers in Florida and Georgia rebuild after Hurricane MichaelAuto News

Dealerships in several states were damaged after Hurricane Michael, but in terms of concentrated wreckage, Panama City, Fla. appears to be ground zero.

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Why automakers let some outdated vehicles hang aroundAuto News

Automakers are usually all about what's new -- new product, new technology, new brand image. But they're also pragmatic businesses willing to milk profits out of vehicles overdue for a refresh.

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Amid unease, dealers get clearest look yet at Ford's restructuring planAuto News

Dealers got the clearest look to date at CEO Jim Hackett's restructuring plan. Executives vowed to freshen showrooms through shorter product development cycles.

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New car buyers feel the pinch as interest rates rise and incentives dipAuto News

Customers coming back to the new-vehicle market are finding heftier price tags and dwindling financing options.

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Navya has plans for its Saline plantAuto News

Navya, the French maker of autonomous shuttle buses, has opened an assembly plant in Michigan and plans to add a robotaxi to its lineup.

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AutoNation: CEO to see which products need a boostAuto News

Next year, AutoNation will be ready to hand off its brand extension strategy to a new leader and decide in which elements of the brand extension to invest its capital and management expertise.

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Roger Penske joins speaker lineup at World CongressAuto News

Roger Penske, a household name in the auto world for more than a half-century, will speak at the Automotive News World Congress on Wednesday, Jan. 16.

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Dealers sue Mazda over multi-tier bonus planAuto News

Florida dealership Kuhn Mazda and the New Jersey Coalition of Automotive Retailers are suing Mazda Motor of America Inc. in two lawsuits alleging its new Mazda Brand Experience Program 2.

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Cox Automotive to shed staff as it restructuresAuto News

Cox Automotive plans to cut more jobs as the company restructures its priorities in a shifting industry landscape.

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Automotive News Mexico launchesAuto News

The Automotive News Group has created Automotive News Mexico, a Spanish-language news organization devoted to covering North America's fastest-growing auto market.

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Enterprise, Avis invest to stake claim in mobility futureAuto News

Rental car companies are partnering with some mobility players, acquiring others and leveraging their scale and expertise to play a key role in the future of transportation.

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porsche-rennsport-reunion-viAuto News

The buzz about Porsche's Rennsport Reunion VI at the WeatherTech Raceway Laguna Seca near Monterey, Calif., last month just doesn't stop. So we decided to give it another, closer look.

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Nissan store in Boulder, Colo., goes all in on the Leaf EVAuto News

A Colorado Nissan dealership amps up electric vehicle sales via a well-trained sales force and marketing alliances with local companies, aimed at getting consumers in an electric state of mind.

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FCA agrees to sell Magneti Marelli to KKR's Calsonic, report saysAuto News

Fiat Chrysler has agreed to sell its car-parts unit, Magneti Marelli, to KKR and Co.'s Calsonic Kansei in a deal valued at up to $7.1 billion, Bloomberg reported.

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China poses challenge for Nissan-Google partnershipAuto News

Renault-Nissan-Mitsubishi's plan to roll out Google connectivity faces a roadblock in China.

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Hyundai, Kia face potential safety crisis even as their quality ratings soarAuto News

The automakers and NHTSA point to recalls already issued for engine fixes. But the Center for Auto Safety says those calls weren't comprehensive enough, and Congress wants answers.

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A roundup of 2018 sales races, including those coming down to the wireAuto News

Well into the fourth quarter, we have a pretty good grasp of 2018's sales winners and losers. Still, several races will go down to the wire.

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New Audi A8 Sedan protects against side impactAuto News

The redesigned Audi A8 sedan gives new meaning to the term "active suspension".

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FCC move may affect vehicle wirelessAuto News

The Federal Communications Commission may re-evaluate the auto industry's claim to spectrum that enables wireless vehicle-to-vehicle technology.

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Multiple routes, denser areas the next test for Silicon Valley startup Drive.ai's self-driving serviceAuto News

In the summer, Silicon Valley startup Drive.ai was among the first to launch commercial service with autonomous vehicles. Now, it's taking the next step, launching its second route in suburban Dallas, this one open to the general public.

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Frustrated GM investors ask what more CEO Barra can doAuto News

General Motors CEO Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors.

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Diesel Woes Fuel Second Daimler Profit Warning (10/19/18)

Diesel woes fuel second Daimler profit warning; Christophe Georges back atop Bentley Americas; Trump...
from TumblrCynthia Lin

Canada's key fob replacement 'magic man'Auto News

Shawn Khan's key fob business in Windsor, Ont., allows dealerships to be more efficient during operating hours while providing customers expert service that's cheaper and faster,

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Bellwether company Gentex signals strong Q3 for suppliersAuto News

Sales and profits increased for mirror and electronics supplier Gentex in the third quarter despite new international tariffs, and despite softer-than-expected new vehicle production.

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Daimler CEO Zetsche stumbles on his victory lapAuto News

Daimler's turnaround in recent years made Zetsche a celebrity in German business circles, but as he prepares to hand the keys to a new CEO, he's starting to look tarnished.

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Christophe Georges to head Bentley Americas region once againAuto News

Christophe Georges is returning to Bentley Motors Inc. as CEO and president, following a management shuffle throughout Volkswagen Group.

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Elon Musk says Tesla's enhanced Autopilot system is being droppedAuto News

The self-driving capability that Tesla customers have been able to pay for but not activate for two years is going on hiatus.

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Daimler warns earnings will be 'significantly below' last year's resultsAuto News

Daimler issued its second profit warning in four months, saying that costs arising from recalling some of its diesel vehicles were mainly to blame.

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Why Lynn Tilton may be selling Dura AutomotiveAuto News

Financier Lynn Tilton is working with an adviser to seek buyers for auto supplier Dura, people familiar with the matter told Bloomberg, as she looks to unload some of her investment firm's holdings.

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Trump adviser Kudlow tells Detroit the economic boom will last 'bunch more years'Auto News

The Trump administration aims to keep up the U.S. economy's trajectory as it faces new trade talks with the European Union, Japan and China in the coming months.

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Ford summons its swagger, shifts marketing focus to keeping loyalistsAuto News

Ford is shifting its focus from winning new customers to persuading current owners to stick with the namesake brand.

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New Ford ad campaign includes shot at TeslaAuto News

Ford will launch a new ad campaign featuring actor Bryan Cranston this weekend after giving dealers a first look at its annual national meeting in Las Vegas .

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Why Porsche's CEO is downplaying IPO speculationAuto News

Porsche does not need a stock market listing to fund growth, CEO Oliver Blume said, adding he is confident the automaker can repeat last year's record sales in 2018.

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Tesla Model 3 offered for $45,000, but base $35,000 model still not availableAuto News

Tesla has started taking orders for a mid-range battery Model 3 that goes about 260 miles between charges for $45,000.

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Trump: Immigration 'Onslaught' Could Kill Trade Deal (10/18/18)

Trump: Immigration ‘onslaught’ could kill new trade deal; Land Rover Defender spied;...
from TumblrCynthia Lin

Northwood University chief to retire after 12 years; successor search under wayAuto News

Northwood University, a longtime training hub based in Michigan for auto dealership managers and executives, said CEO Keith Pretty is retiring after 12 years at the helm.

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Geely 'corrects' rumors about presidential family tiesAuto News

Geely Automobile Holdings, long the subject of speculation about its political ties, has moved to dispel a widely held belief its chairman's wife was related to Chinese President Xi Jinping.

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OEConnection to buy Britain's BluegrasscomsAuto News

OEConnection, which specializes in helping dealers buy and sell auto parts, has agreed to acquire Bluegrasscoms, a Newbury, England company that provides many of the same services.

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Ford to build an additional 350 GT supercars, extend production 2 yearsAuto News

The company had previously announced plans to build 1,000 GTs through the 2020 model year. It now says it will build a total of 1,350 vehicles through 2022.

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54,400 Ford F-series pickups probed by U.S. after tailgate complaintsAuto News

NHTSA has opened a preliminary investigation into 54,400 Ford pickups after receiving five complaints that tailgates had unexpectedly opened while the vehicles were in motion.

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Steel's latest automotive answer to aluminum competitionAuto News

Advanced high-strength steel, the newest, lightest steel invented, is aiming to hold off aluminum's rise as the metal of choice for an auto industry in the midst of major changes.

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Trump threatens new trade deal with MexicoAuto News

President Donald Trump threatened to deploy the military and close the southern border if Mexico did not halt large groups of migrants headed for the U.S. from Guatemala, Honduras and El Salvador.

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How electric car batteries are improving despite drawbacks, risksAuto News

In the race for the next generation battery, lithium-ion technology has made huge leaps in recent years. But the power packs continue to have drawbacks.

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How electric car batteries are improving despite drawbacks, risksAuto News

In the race for the next generation battery, lithium-ion technology has made huge leaps in recent years. But the power packs continue to have drawbacks.

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Volvo adds snow tires to Canada subscription serviceAuto News

Volvo says some of its dealers showed reticence to the idea of a subscription service, but Volvo Car Canada Managing director Alex Lvovich believes that the network is now on board.

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Porsche to price electric Taycan between Cayenne, Panamera Auto News

Porsche will position the Taycan below the brand's Panamera sedan when the electric four-door sports car reaches markets next year, with a likely starting price above 80,000 euros (about $92,500).

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Elon Musk's big China play for Tesla comes as world's top car market slowsAuto News

Tesla's breakthrough deal to secure land for a Shanghai factory commits the electric-car maker to a multibillion-dollar investment just as the Chinese vehicle market falters.

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Studies link higher crash rates with states that legalized marijuanaAuto News

The Insurance Institute for Highway Safety and the Highway Loss Data Institute said crashes in states with legalized recreational marijuana have increased up to 6 percent.

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Chase, Wells Fargo take measured approach to auto lendingAuto News

Wells Fargo and Chase Auto remain cautious on auto finance, although Wells Fargo increased auto loan originations last quarter, and Chase Auto Finance has increased lease originations for its private-label customers.

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Why Mitch McConnell sees both sides of the tariff debateAuto News

Senate Republican Leader Mitch McConnell prodded President Donald Trump's administration to quickly resolve festering trade disputes, particularly with China.

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Sears, Walmart, Goodyear: What's in Store for Dealers? (10/17/18)

How changes at Sears, Walmart, Goodyear could alter retail landscape; Senators ask Hyundai, Kia to...
from TumblrCynthia Lin

Why Wilbur Ross is upping the ante on European tradeAuto News

U.S. Commerce Secretary Wilbur Ross challenged a fragile trans-Atlantic trade truce by accusing the European Union of dragging its feet over market-opening pledges.

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Senate panel wants Hyundai, Kia to testify on engine fire reportsAuto News

The Republican chairman and the ranking Democrat on the Senate Commerce Committee said they have asked top U.S. executives at Hyundai Motor Co. and Kia Motors Corp. to testify at a Nov.

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Why legalized pot is raising concerns about impaired drivingAuto News

U.S. transportation safety officials are sounding the alarm on drug-impaired driving, calling for regulators to do more to tackle the problem as states grapple with a more open stance on marijuana.

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Another top Tesla executive calls it quits, report saysAuto News

Tesla's vice president of manufacturing, Gilbert Passin, has left the company, Business Insider reported, citing a source familiar with the situation.

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Elon Musk will buy another $20 million in Tesla stockAuto News

Tesla CEO Elon Musk will purchase company stock worth $20 million in the next open trading session, the electric carmaker said in a filing.

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Impaired driving warnings rise as more states legalize potAuto News

U.S. transportation safety officials are sounding the alarm on drug-impaired driving, calling for regulators to do more to tackle the problem as states grapple with a more open stance on marijuana.

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After tearing down Tesla Model 3, analyst says profit potential huge, butAuto News

The manufacturing analysts who spent 6,600 hours inside a warehouse north of Detroit picking apart a Model 3 have good news and bad news for Tesla.

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Tesla secures site for China GigafactoryAuto News

Tesla has signed an agreement with the Shanghai government for an 212-acre plot of land to build its first overseas Gigafactory.

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BMW X7 to start at $74,895Auto News

BMW is filling out its product lineup with the launch of its largest crossover to date. The new X7, available at U.S. dealerships in March starting at $74,895, addresses a shortcoming in BMW's crossover lineup #8212; a true seven-seater option.

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Luxury EV startup plans for AutoMobility LA debutAuto News

Rivian Automotive, an upstart electric vehicle maker headquartered in suburban Detroit, plans to introduce its first pair of electric, off-road vehicles -- a crossover and a pickup -- in November at AutoMobility LA.

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walmart-partners-with-advance-auto-partsAuto News

Walmart announced a partnership with Advance Auto Parts that will create an automotive specialty store on Walmart.com. The news comes one day after its competing retailer Sears filed for bankruptcy.

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Tesla, GM in line for EV boost under U.S. Senate bill Auto News

Tesla and GM, which have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 federal tax credit, could get their way for up to four years under a new proposal from a Republican senator.

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Ohio dealer Rhett Ricart elected NADA's next vice chairmanAuto News

The National Automobile Dealers Association has elected Ohio dealer Rhett Ricart as its next vice chairman, meaning Ricart is in line to become chairman in 2020.

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Ohio's Rhett Ricart in Line to Chair NADA in '20 (10/16/18)

Ohio’s Rhett Ricart in line to chair NADA in ‘20; Uber worth $120B?; Images of...
from TumblrCynthia Lin

What this former Ford exec will do at PandoraAuto News

One of Ford's top connected vehicles executives has been hired by Pandora to help the streaming music company form partnerships with the auto industry.

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Cable industry moves to snatch airwaves away from 'talking cars'Auto News

Twenty years ago automakers won the rights to use a portion of U.S. airwaves for ultra-safe 'talking cars.' But now the cable industry wants more of those airwaves.

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Paul Allen, Microsoft co-founder, TrueCar investor, dies at 65Auto News

Paul Allen, who co-founded Microsoft, a key supplier to the auto industry who used the fortune he made from the tech giant to invest in TrueCar, professional sports teams, cable TV and real estate, died on Monday. He was 65.

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Why a NAFTA vote will likely wait until 2019Auto News

The renegotiated U.S. trade deal with Mexico and Canada won't get a vote in Congress this year, Senate Majority Leader Mitch McConnell said, setting up a potential fight with Democrats next year.

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Tesla's Supercharger network is the template for the hydrogen eraAuto News

A Tesla-like nationwide network of hydrogen fueling stations could help reduce the time it will take for fuel cell vehicles to become economically viable to manufacture.

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New Goodyear service offers replacement tires at consumers' homesAuto News

Goodyear Tire and Rubber hopes it can sell more tires by offering consumers an easier way to buy and install them, in an effort that may challenge franchised auto dealers.

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Uber gets IPO proposals at potential $120 billion valuation, report saysAuto News

Uber has recently received proposals from banks for an initial public offering valuing the ride-hailing company at as much as $120 billion, The Wall Street Journal reported.

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Elon Musk, Tesla settlement with SEC over tweets approved by U.S. judgeAuto News

A federal judge approved a $40 million settlement by Tesla and CEO Elon Musk with stock regulators, resolving claims that Musk misled the public on Twitter about a plan to take the company private.

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The dirt on 'clean' electric cars is just under the hoodAuto News

Every major carmaker has plans for electric vehicles to cut greenhouse gas emissions, yet their manufacturers are, by and large, making lithium ion batteries in places with some of the most polluting grids in the world.

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U.S. seeks Mexican steel export quotas, negotiator saysAuto News

The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico's incoming government, adding the issue needed to be resolved within weeks.

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TomTom loses Volvo contractAuto News

That fed into concerns of critics who said a deal Google made last month with Renault, another TomTom customer, meant the company risked being relegated to third place in its main market.

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Elon Musk says Tesla owners who ordered full self-driving EVs to get chip upgradeAuto News

A new chip that improves Autopilot features will be available six months in advance to people who ordered the full self-driving version of the electric cars.

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Ford's new Territory crossover part of plan to regain lost ground in ChinaAuto News

Ford, while unveiling its new Territory crossover, said its plan to release a spate of new models will help turn around tumbling sales in the world's top auto market from the start of next year.

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TomTom loses Volvo contractAuto News

That fed into concerns of critics who said a deal Google made last month with Renault, another TomTom customer, meant the company risked being relegated to third place in its main market.

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VW CEO says German automakers have 50% odds of remaining among 'global elite' over next decadeAuto News

VW CEO Herbert Diess says that Germany's automakers have a only 50 percent chance of remaining leading players in the fast-changing auto industry.

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Audi fined $927 million by German prosecutors for diesel violationsAuto News

The luxury brand will not appeal the fine, and it said the penalty will have a significant impact on its annual earnings.

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Trump rhetoric unhelpful for tariff talks, says EU's trade chiefAuto News

Cecilia Malmstrom, the EU's trade chief, said that some of President Donald Trump's rhetoric was unhelpful while she was trying to make progress in tariff talks and said the bloc would have to respond if Washington imposed tariffs on EU cars.

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Geely-backed flying-car developer Terrafugia starts taking ordersAuto News

Terrafugia, a U.S. flying-car developer owned by Chinese automaker Geely, has begun taking orders for its first product, the Transition, a two-seat aircraft that can switch between driving and flying modes in less than one minute.

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Dealers collect what's left following Hurricane MichaelAuto News

It's been five days since hurricane Michael made landfall as a Category 4 hurricane, but the restoration for the affected dealerships and their communities could take years.

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Jackson Talks Manley, Barra ... But Not Hackett (10/15/18)

Mike Jackson talks Manley, Barra … but not Hackett; Profitable subscriptions; Genesis...
from TumblrCynthia Lin

Rand study shows it's hard to gauge self-driving car safetyAuto News

The great promise of automated vehicles is that they will be safer than human-driven ones, but finding the metrics to measure this is a complicated task that has no easy benchmarks.

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Rand study shows it's hard to gauge self-driving car safetyAuto News

The great promise of automated vehicles is that they will be safer than human-driven ones, but finding the metrics to measure this is a complicated task that has no easy benchmarks.

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Car-shopping company Shift seeks to follow Carvana with 2020 IPOAuto News

Lithia injected $54 million into the used-car upstart last month, becoming its largest investor.

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Paris auto show was a showcase for wagons, hatchbacksAuto News

Europeans still are showing some love to wagons and hatchbacks even as sales of crossovers and SUVs boom, just as in the U.S.

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Elena Ford named chief customer experience officerAuto News

Elena Ford, great-great-granddaughter of Henry Ford, will become Ford Motor's chief customer experience officer as of Nov. 1, the automaker said.

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Elena Ford named chief customer experience officerAuto News

Ford, 52, will work with dealers to improve the customer service experience throughout the vehicle-buying process. She'll report to Joe Hinrichs, Ford's president of global operations.

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Opel sites searched by German prosecutors in diesel probeAuto News

German prosecutors searched Opel's operations in Ruesselsheim and Kaiserslautern on Monday as part of a probe into possible diesel-emissions cheating.

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Bill Ford joins list of those canceling visit to Saudi investor conferenceAuto News

Ford Executive Chairman Bill Ford canceled a multistop trip to the Middle East, including a planned appearance at a Saudi investment conference this month, the company said on Sunday, the latest such cancellation after the disappearance of Saudi...

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Porsche CFO envisions a VW 'super group' that could top FerrariAuto News

Porsche could be worth a fortune if listed with its sibling VW Group ultraluxury brands, finance chief Lutz Meschke said.

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NADA chairman Wes Lutz cautions dealers to question mobility 'hype'Auto News

"Question the hype." That's Wes Lutz's advice on prognostications of how primary transportation models will change.

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5 questions for the man behind the Ford Edge ST Auto News

Ford engineer Ed Krenz talks the future of the Ford Edge ST.

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Can Scott Keogh repeat his Audi success at VW?Auto News

In taking control of parent Volkswagen and its namesake marque across North America, Scott Keogh again faces a struggle to lift a German brand.

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Nissan's 6th-gen Altima hits new performance barAuto News

Nissan's sixth-generation Altima leverages the largest investment in powertrain in the company's history.

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GM offers extensions of factory warrantiesAuto News

General Motors will begin offering extended bumper-to-bumper limited warranties on new vehicles, an offer that has some franchised dealers uneasy.

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Ford gripped by new tensionsAuto News

Ford has had a tough time getting others to understand and gain confidence in the early stages of CEO Jim Hackett's companywide restructuring, and salaried workers are now wondering about their future with the company as cuts loom.

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Keeping auto retail disruption in perspectiveAuto News

Big shifts are coming to the auto retail world, and dealers say they're getting ready for them. But don't fall for all the fantastical forecasts you hear, they caution.

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Porsche dealers brace for electric eraAuto News

Porsche faces a future in which its signature engines are replaced by electric motors. The automaker's retailers are suiting up for the challenge.

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Has the conversation on sexism changed? Take our new surveyAuto News

Automotive News is looking for feedback on a new survey looking at how gender issues affect the workplace in the automotive industry.

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Volvo focuses on safety for autonomous carsAuto News

Volvo, with a bevy of new tools to ensure passenger safety, is shifting its safety strategy from passenger protection to accident prediction and avoidance, says the director of the Swedish carmaker's Car Safety Center.

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Hyundai's Kona Electric has crossover niche to itselfAuto News

Hyundai is looking to upend the notion that families with EVs need a gasoline-powered backup vehicle.

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German luxury brands face twin hurdles in USMCA and BrexitAuto News

Both Brexit and the USMCA have the potential of redrawing the map when it comes to the complex web of vehicle and component production.

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Opel to end production of Buick Cascada in 2019Auto News

Opel, General Motors' former European unit, said last week it plans to stop producing the Buick Cascada in 2019.

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Jay Wolfe Toyota's freebies pay for themselvesAuto News

Jay Wolfe Toyota sought a more meaningful incentive than extended powertrain warranties, which customers rarely get to use.

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Old Dana acquisitions position it for electrified futureAuto News

Dana looks to many like an old-school maker of 20th century parts. Jim Kamsickas has a different vision.

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South Korea's Mobis develops proving ground for self-driving technologyAuto News

South Korean supplier Hyundai Mobis Co.

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French interiors supplier, Faurecia, has new ideasAuto News

Faurecia chief Patrick Koller says new automakers are open to new approaches to interiors.

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Paris auto show was a showcase for wagons and hatchbacksAuto News

Europeans still are showing some love to wagons and hatchbacks even as sales of crossovers and SUVs boom, just as in the U.S. While these models won't be arriving stateside, they attracted attention (and some wishful thinking from U.S.

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Software giant SAP plans growth in connected car servicesAuto News

A global software colossus wades deeper into the connected-car business.

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U.S. vehicle inventory matches slowing marketAuto News

Inventory levels have stabilized in a healthy range for most automakers over the last several months as companies continue to react to a slowing U.S. light-vehicle market by tapping the brakes on production.

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Lexus' UX will test market for flexible lease optionsAuto News

The Lexus program is aimed at attracting first-time luxury buyers who prize the flexibility of a shorter commitment and a simpler payment structure.

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ID theft case shows dealers what to watch forAuto News

A manager's skepticism may have helped prevent his dealership from being victimized by what prosecutors say was an identity-theft and car-trafficking ring with expensive taste that managed to fool at least five other stores in suburban New York City.

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Detroit's Techstars Mobility helps startupsAuto News

While Silicon Valley and Tel Aviv are the unparalleled hot spots for advanced automotive tech, Detroit has quietly nurtured its own startups.

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Genesis G70 finally appears, but mostly on TVAuto News

A Genesis spokesman told Automotive News the first G70s have been shipped, and that the brand is expecting 100 to 200 dealers to have them by the end of the year.

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Material prices hammer the auto industryAuto News

Automakers buy most of their steel in North America, but certain types #8212; such as stainless and electrical steel #8212; are imports subject to the 25 percent U.S. tariff.

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U.S. luxury auto sales race goes down to the wireAuto News

The two top German luxury brands were nearly neck-and-neck going into the fourth quarter, with Mercedes-Benz eyeing a third consecutive year atop the U.S. luxury market.

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Automakers, lenders extend relief, assistance to Michael victimsAuto News

Several automakers and lenders are offering financial relief to customers and residents in communities affected by Hurricane Michael.

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UAW-VEBA loses seat on GM's boardAuto News

The UAW Retiree Medical Benefits Trust has forfeited its right to designate a nominee to GM's board of directors after divesting

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BMW warns trade war could hit 2019 results by up to $579MAuto News

BMW expects a hit to earnings of up to half a billion euros ($579 million) in 2019 if tariffs between the United States and China remain in place, CFO Nicolas Peter said.

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Fla. Service Manager Among Storm Casualties (10/12/18)

Service manager among hurricane casualties; Storm damages stores in Fla.; Bracing for China decline;...
from TumblrCynthia Lin

Borgward losses spur majority stake sale by China's FotonAuto News

China's Foton plans to sell a 67 percent stake in Borgward as losses escalate at the German brand it revived four years ago.

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Tesla seeks patent for 'Teslaquila'Auto News

What started as an April Fools' Day joke that left a poor taste in Tesla investors' mouths may soon become a reality.

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Hyundai, Kia urged again to recall nearly 3 million crossovers, sedans in U.S. for fire hazardAuto News

The Center for Auto Safety on Friday renewed calls for Hyundai and Kia to recall almost 3 million crossovers and sedans for potential noncollision fire risk.

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Tesla: Order by Monday to Get Full U.S. Tax Credit (10/12/18)

Tesla: Order by Monday to get full U.S. tax credit; Toyota recalls 2019 C-HR; NHTSA moves forward on...
from TumblrCynthia Lin

35 finalists to vie for 2019 Automotive News PACE AwardsAuto News

Auto-parts suppliers specializing in sensor technology, artificial intelligence and connected mobility are among the 35 finalists for the 2019 Automotive News PACE Awards, announced Friday.

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Why lithium supplies will stay tight for yearsAuto News

The market for lithium will remain tight through 2025 as producers struggle to lift output fast enough to meet demand, a top industry executive says.

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Mercedes expects 62-mile electrified range on GLE plug-in hybridAuto News

Daimler could be the first automaker to offer a combustion engine car with a 62-mile electric range, when it launches the Mercedes GLE plug-in hybrid vehicle in the second half of next year.

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Why China auto sales are falling, and what happens nextAuto News

China's car market has been one of the most reliable engines of global growth for decades. Now that all might be coming to an end.

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