How the Detroit Riots Changed the Auto Industry (7/28/17)

How the Detroit riots changed the auto industry; FCA cleared to sell ‘17 diesels;...
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Battery-powered Bollinger B1 SUV has long to-do listAuto News

Bollinger Motors unveiled what it described as a "working prototype" of the Bollinger B1, a boxy, battery-powered SUV aimed at on- and off-road use. It has a long to-do list to become reality.

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Tenneco sets up $132 million legal fund amid antitrust scuffles, posts $2 million net lossAuto News

Tenneco has established a $132 million fund to clean up antitrust lawsuits in the backwash of government investigations in Europe and the U.S., which are now concluding.

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Thinner new-car margins drag down Sonic Q2 earnings Auto News

Sonic's second-quarter net tumbled 47 percent on a 1 percent rise in revenue. The company blamed weak new-vehicle sales and thinning margins.

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New-car margins drag down Sonic Q2 earnings Auto News

Sonic's second-quarter net tumbled 47 percent on a 1 percent rise in revenue. The company blamed weak new-vehicle sales and thinning margins.

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Adient quarterly profits rebound as restructuring costs fallAuto News

Seating supplier Adient said it posted $204 million in net income during the recent quarter, compared with a $14 million loss last year dragged down by one-time restructuring costs.

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Adient rebounds from restructuring, revenue drops in Q3Auto News

DETROIT -- As Adient continues its first year apart from Johnson Controls Inc., the seating supplier reports net income increased by $218 million in its third quarter ended June 30.

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GM to expand OnStar with help from Verizon, GlobetouchAuto News

GM plans to expand its OnStar services for connected cars, pairing with Verizon Telematics and connectivity company Globetouch.

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Lithia's Q2 net rises 3.4% on 16% revenue gainAuto News

Lithia Motors said net income rose 3.4 percent in the second quarter on robust service and parts, FandI and acquisition activity. Revenue rose 16 percent.

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July U.S. sales expected to fall for 7th straight monthAuto News

July U.S. auto sales will decline for the seventh straight month from last year's record as manufacturers continue using large incentives to clear inventories before model changeover.

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Wells Fargo charged car loan customers for unwanted insurance, will refund $80 millionAuto News

Wells Fargo disclosed that it may have pushed thousands of car buyers into loan defaults by charging them for unwanted insurance. The firm said it may pay as much as $80 million to affected clients.

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New Wells Fargo scandal seen as proof controls still needed Auto News

Wells Fargo disclosed that it may have pushed thousands of car buyers into loan defaults by charging them for unwanted insurance.

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2017 Fiat Chrysler diesel vehicles approved for sale by regulatorsAuto News

The EPA and California Air Resources Board said they approved FCA's request to sell 2017 diesel vehicles with updated emissions software after months of testing.

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Unions urge slowdown as self-driving car bills pick up speedAuto News

Labor unions are urging a slowdown as lawmakers fast track legislation to allow self-driving vehicles on the road, a potential boon to some union jobs and an existential threat to others.

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Visteon offsets U.S. slowdown with Q2 gains in ChinaAuto News

Visteon said net income ramped up during the second quarter as the supplier offset a slowdown in the US with strong sales in China and product innovations.

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Visteon offsets U.S. slowdown with sales gains in ChinaAuto News

Visteon Corp. said net income ramped up during the second quarter as the supplier offset a slowdown in the U.S.

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Musk risks missing the mainstream if Model 3 strays from $35,000Auto News

Tesla's Model 3 handover party is Friday, but the $35,000 price tag is just a starting point. Many mainstream buyers will still find the electric sedan out of reach.

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Wells Fargo to refund $80 million to car loan customersAuto News

Wells Fargo said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance.

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Big U.S. auto discounts are bane to Asian automakers' profitsAuto News

Asian carmakers are taking hits to their profits from having to spend more to move metal in America. Nissan and Hyundai both said higher U.S. incentives dented Q2 profits.

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U.S. upgrades probe into 1.33 million Ford Explorers over exhaust odorsAuto News

NHTSA is upgrading a probe into 1.33 million Ford Explorer SUVs over reports of exhaust odors in vehicle compartments and exposure to carbon monoxide that may be linked to crashes and injuries.

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