Tesla alters first sales incentive after Virginia cracks downAuto News

Virginia regulators have taken issue with Tesla Motors' new Model S referral program, prompting the maker of luxury electric cars to change the program in that state.

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Honda's $16,000 coupe sells out in Japan after first production runAuto News

Honda has sold out all 8,600 of its new roadsters slated for production this year and is fully booked through June. The only problem: four in five buyers of the $16,000 sports car are over 40.

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CFPB urges Fifth Third to lower its allowable dealer reserve, report saysAuto News

The Consumer Financial Protection Bureau is urging Fifth Third Bancorp to reduce the amount of dealer reserve the bank allows on its auto loans, as part of talks to settle an investigation by the agency into possible discriminatory lending practices...

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A Second F-150 Frame Supplier? (8/7/15)

A second F-150 frame supplier?; MKX drives Lincoln; Lexus leans on leasing; a physical Tesla hack;...
from TumblrCynthia Lin

Ford hires second supplier to help with F-150 frame productionAuto News

Ford is bringing a second supplier of steel frames for the F-150 on board to ease a supply shortage that has slowed production for months, a person with knowledge of the matter told Automotive News.

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Cadillac works to revise dealer incentivesAuto News

Two main elements of Johan de Nysschen's plan to rehabilitate Cadillac's image are to tighten dealers' inventories and quash their sell-at-any-cost mentality. There's a big problem though.

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AutoCanada Q2 net grows 5.4%, but same-store results declineAuto News

AutoCanada said its second-quarter net rose 5.4 percent to $13.5 million Canadian (US$10.9 million), as gains from newly acquired dealerships offset economic headwinds in western Canada's oil patch.

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Mobileye posts Q2 gains on surging demand for automated driving technologyAuto News

Mobileye NV, one of the emerging providers of vision technology and software for crash-avoidance systems, said its net income surged in the second quarter as the auto industry continues to ramp up plans for autonomous cars.

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Tata Motors quarterly profits plunge on lower JLR China demandAuto News

Tata Motors quarterly profits plunged as demand for Jaguar Land Rover vehicles slumped in China amid a market slowdown.

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Magna's Q2 earnings rise despite strong U.S. dollarAuto News

Canadian auto supplier Magna International reported higher profits in the second quarter as increased vehicle production in North America offset the impact of a strong U.S. dollar.

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TrueCar CEO Scott Painter to step down by year endAuto News

Scott Painter, founder of the online car-shopping site TrueCar, is stepping down as CEO of the company this year. TrueCar said a successor is expected to take office by year end. Painter, 46, will remain chairman of the company's board of directors.

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TrueCar CEO Scott Painter to step downAuto News

Scott Painter, founder of the online car-shopping site TrueCar, is stepping down as CEO of the company this year. TrueCar said a successor is expected to take office by year end. Painter will remain chairman of the company's board of directors.

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A Tesla Is Hacked (7/16/15)

A Tesla is hacked; Behind FCA’s purchasing makeover; Audi plug-in price tag; VW’s tool for...
from TumblrCynthia Lin

Lear targets acquisitions to enhance electrical unitAuto News

Lear is looking for acquisitions of as much as $1 billion for its electrical unit as automakers' demand for global vehicle platforms drives consolidation among their suppliers.

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Lexus leans on leases as U.S. luxury race tightensAuto News

Lexus is relying more on leasing than BMW and Mercedes-Benz as it challenges the German brands for the lead in U.S. sales of luxury vehicle sales.

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Hackers turn off Tesla Model S at low speedAuto News

Tesla Motors issued a software patch to address security flaws in the Model S that could allow hackers to take control of the sedan.

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Hackers turn off Tesla Model S at low speed, report saysAuto News

Cybersecurity researchers said they took control of a Tesla Model S car and turned it off at low speed, one of six significant flaws they found that could allow hackers to take control of the vehicle, the Financial Times reported.

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GM July sales drop 4% in China, but margins hold upAuto News

General Motors sales in China fell 4 percent year-on-year in July but the U.S. automaker said it remained on track to achieve an upbeat goal for profit margins this year in its second-largest market.

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Nexteer, TI Automotive plan new home offices in suburban DetroitAuto News

Nexteer Automotive said it would locate its new headquarters north of Detroit in Auburn Hills, Mich., by next summer. TI Automotive also said it would lease and build out a new facility in the Detroit suburb

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Lexus plans 2nd 'flagship' model to augment LS sedanAuto News

Toyota Motor's Lexus brand is planning to launch a second top-of-the-line "flagship" model to accompany a new generation of its LS sedan, the head of the brand's U.S. operations said.

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