Ford seeks German banking license due to Brexit Auto News

Ford has applied for a banking license in Germany to ensure its car financing business can continue on the continent once Britain leaves the European Union, a German newspaper reported.

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Penske sets next markets for used-only storesAuto News

Penske Automotive Group plans to expand its CarSense used-only operation by building and opening stores in three U.S. markets within 12 to 18 months.

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BorgWarner says adjusted earnings rise 13% in Q4Auto News

BorgWarner posted $389.8 million in adjusted earnings for the fourth quarter -- a 13 percent increase over the previous year.

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Money-Losing Tesla Starts Talking Profit (2/8/18)

Money-losing Tesla starts talking profit; In Chicago: VW’s new Arteon flagship, Sonata green...
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Uber board got assurances on due diligence ahead of self-driving deal, investor testifiesAuto News

An Uber investor said the company's board received assurances that due diligence turned up no problems with a self-driving tech firm that Uber acquired, differing from testimony by Uber's former CEO.

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Tesla, Musk delay autonomous LA-to-NYC tripAuto News

Tesla hasn't thrown its plan to demonstrate an autonomous cross-country drive out the window -- it's just tapped the brakes.

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Group 1 Q4 net rises on Trump tax breakAuto News

Group 1's fourth-quarter net nearly quadrupled on a one-time gain from U.S. tax changes and increasing gross profits in all of the dealership group's regions.

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Car thief steals from Ford dealership, then returns the vehicleAuto News

A 2013 black Ford Taurus is the latest vehicle to be snatched from Basil Ford of Niagara Falls, N.Y., in a recent string of car thefts at the dealership. But here's the catch -- the thief returns the car.

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Hyundai preps hybrid, plug-in hybrid Sonata Auto News

The estimated fuel economy of the 2018 Hyundai Sonata SE variant is 39 mpg city/45 highway/42 combined, the automaker said.

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Penske's Q4 net jumps on Trump tax benefitsAuto News

Penske Automotive's net jumped on a one-time boost from U.S. tax changes, while gross profit rose in all areas of the dealership group's business.

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VW packs 268 hp in new Arteon flagship sedanAuto News

The successor to the discontinued CC, the Arteon is more than 5 inches longer than the outgoing car and is set to arrive in U.S. dealerships in the third quarter.

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Tesla averts cash crunch as Musk mystique offsets late carsAuto News

Tesla put to rest -- at least for now -- a chorus of concern that it was going to need to raise more money soon, thanks in part to the salesmanship of CEO Elon Musk.

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Subaru marks 50 years in U.S. with special edition lineupAuto News

Subaru's 50th anniversary lineup will be true "limited editions," with prices ranging from $29,200 for the Impreza sedan to $42,055 for the WRX STI. Both prices include shipping.

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GM exec meets mayor of South Korea's biggest factory town on restructuring effortAuto News

GM called for cooperation over its restructuring effort in South Korea as a top executive of the automaker met the mayor of the South Korean city of Incheon, home of the unit's largest plant.

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Subaru quarterly operating profit slips, weighed by lower-margin sales, U.S. incentivesAuto News

Subaru reported a 4.1 percent slide in quarterly operating profit, weighed by sales of lower-margin models and increased discounting in the United States, the Japanese automaker's biggest market.

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Toyota rolls out new trail-ready TRD Pro trucks Auto News

Most of the changes to Toyota's 2019 trucks are cosmetic, including a new roof rack on the 4Runner, a snorkel-like intake on the Tacoma and rigid fog lights and special wheels on the Tundra.

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