Tesla burns cash, loses more than $4,000 on every car soldAuto News

It's crunch time for Tesla. The automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles.

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FCA swaps cudgel for counselAuto News

Exactly one year after Fiat Chrysler CEO Sergio Marchionne slammed suppliers for their double-digit profit margins, the company has adopted a more supplier-friendly approach in its purchasing operations.

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Picking up the pieces at TrueCarAuto News

The comeback Scott Painter sought to engineer at TrueCar after a dealer revolt and near meltdown in 2012 now looks incomplete, and the company faces the burden of reinventing itself yet again.

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In playful rivalry, Dodge pokes fun at Volkswagen PassatAuto News

Dodge has been throwing playful darts at Volkswagen for nearly two years in Charger ads that use the Passat as a target of punchlines. Dodge insists it has no sinister intentions in the commercials. Automotive News Staff Reporter Vince Bond Jr.

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Evolving Mini takes aim at high-end brandsAuto News

Mini is changing its marketing and will pitch to the 'executive personality' as products move upmarket, says its North American chief.

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Scion's single-trim strategy benefits dealers but also has risksAuto News

Plenty of automakers limit the number of a la carte options or even packages as a way to reduce manufacturing complexity and time. For Scion, the rationale is different.

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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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