Automakers and Suppliers

Hyundai humbled as investors abandon auto industry's darling

1:23 pm U.S. ET | June 2, 2015

Shares of Hyundai Motor tumbled 10 percent today to their lowest close since August 2010, making Hyundai the worst-performing stock among any major automaker in the past year.... Read More »

Takata official tells House panel ammonium nitrate is a factor in ruptures

3:18 pm U.S. ET | June 2, 2015

Lawmakers grilled a senior Takata executive about the embattled supplier’s continued use of ammonium nitrate as the primary propellant in its airbag inflators, a chemical compound that experts have said is inherently risky.... Read More »

Can you handle a 2,500-plus hp SRT? Video game will let you try

5:45 pm U.S. ET | June 2, 2015

DETRIOT -- Fiat Chrysler has joined the parade of video game concept cars with the hulkish SRT Tomahawk Vision Gran Turismo.
... Read More »

MAY U.S. AUTO SALES

Sales sizzle, set May record on light truck demand

8:30 am U.S. ET | June 2, 2015

Light-vehicle sales -- fueled by robust demand for trucks, crossovers and SUVs -- rose 1.6 percent last month, setting a May record and bucking projections for a modest decline. FCA, Honda, GM, Kia and Subaru generated gains while Ford, Nissan, Toyota and Hyundai fell as the industry enjoyed the strongest pace of sales in nearly a decade.... Read More »

2016 BMW X1 gains interior space, new tech

6:00 pm U.S. ET | June 2, 2015

The second-generation BMW X1 compact crossover gets more interior room, an updated exterior and additional technology for the 2016 model year. The X1 -- the automaker's entry crossover in the U.S. -- will go on sale this fall.... Read More »

Ford shortens summer shutdowns to meet consumer demand

12:01 am U.S. ET | June 2, 2015

Ford today said it plans to shorten the summer shutdown period to just one week at 16 North American plants, including all six assembly plants that build highly profitable pickups and crossovers.... Read More »

Nissan falls short of 'phenomenal' year-earlier results

5:15 pm U.S. ET | June 2, 2015

Nissan-brand sales dropped by 1 percent in May, even as the Rogue and Murano crossovers attracted more buyers. The industry surge in crossover and SUV sales may have pulled some of Nissan's May floor traffic away from its sedans.... Read More »

Light trucks help Honda end 2-month skid

1:00 pm U.S. ET | June 2, 2015

American Honda sales were up slightly for May, posting a 1.3 percent increase over May 2014. Standout sellers included the Honda Fit subcompact, Honda’s soon-to-be-replaced Pilot crossover, Acura’s all-new TLX sedan and its refreshed RDX crossover.... Read More »

Lower F-series volume dents Ford's tally

2:00 pm U.S. ET | June 2, 2015

Sales of the Ford F series fell to a three-month low in May, dropping nearly 10 percent from a year ago amid tight inventories and a decision not to join competitors in offering big Memorial Day discounts. Overall Ford sales fell 1.3 percent.... Read More »

Fiat Chrysler retains lead in Canada despite minivan shortage

2:09 pm U.S. ET | June 2, 2015

Fiat Chrysler Automobiles led Canada in May sales with deliveries edging up by 119 vehicles from a year earlier to 31,617 cars and trucks, as a rise in Jeep and passenger car sales helped offset lower minivan sales.... Read More »

Golf family helps VW break U.S. losing streak

12:45 pm U.S. ET | June 2, 2015

The Volkswagen brand broke a three-month slump in U.S. sales with an 8.1 percent gain in May, while its luxury sibling Audi continued its hot streak to post its second-best U.S. sales month on record.... Read More »

Toyota Motor Sales off 0.3%, despite big truck haul

4:00 pm U.S. ET | June 2, 2015

Toyota Motor Sales posted a 0.3 percent decline in May sales from a year earlier, as the continued strength of its light trucks failed to offset losses across nearly its entire car lineup. With demand for light trucks strong, Toyota is feeling the same inventory pinch as it did in April.... Read More »

Mulally joins 3-D firm's board

10:01 am U.S. ET | June 2, 2015

Former Ford CEO Alan Mulally is diving deeper into the tech sector, joining 3-D printing company Carbon3D's board of directors.... Read More »

Hyundai Group slips amid shift to big SUVs, crossovers

4:15 pm U.S. ET | June 2, 2015

Hyundai Motor Group reported a 3.8 percent decline in U.S. sales for May, driven by a significant decline at the Hyundai unit. The Hyundai brand is hurting with its sedan-heavy lineup as consumers gravitate toward SUVs and crossovers.... Read More »

BMW's record May trims gap with Mercedes for U.S. luxury crown

3:31 pm U.S. ET | June 2, 2015

BMW sold a May record 31,003 cars and SUVs in the U.S., narrowing Mercedes-Benz's luxury-vehicle lead as both brands benefit from expanding lineups.... Read More »

FCA sales up 4%, back over 200,000 vehicles

12:45 pm U.S. ET | June 2, 2015

Brisk demand for Jeep and the Chrysler 200 pushed Fiat Chrysler sales up 4 percent in May. The automaker posted U.S. sales of 202,227, marking its 62nd consecutive month of year-over-year sales gains — and its first time over 200,000 vehicles since March 2007.... Read More »

Pickups, crossovers propel GM to 3% gain; car sales slide again

12:30 pm U.S. ET | June 2, 2015

GM rode strong retail sales and surging demand for pickups and crossovers to a 3 percent U.S. sales gain in May, offsetting continued weakness in car deliveries. Total sales of 293,097 marked GM's strongest monthly result since August 2008. Sales to individual buyers rose 7 percent, while fleet deliveries fell 7.6 percent.... Read More »

Fiat Chrysler delays many future vehicle programs

4:58 am U.S. ET | June 2, 2015

Fiat Chrysler has in the past year delayed the redesign or release of at least a dozen current or new vehicles in North America including the Ram 1500 and the Jeep Wrangler, suppliers familiar with the company's plans told Reuters.... Read More »

JAY RAMEY

BLOG: VW preps gesture controls for Golf

11:00 am U.S. ET | June 2, 2015

The updated Volkswagen Golf, due in 2016, will add gesture controls to its "Star Trek"-style touch screens. VW presented the new in-car technology in the Golf R Touch concept last week at CES Asia in Shanghai.... Read More »

JAY RAMEY

BLOG: Saab turbo engines to power Chinese Jeep Wrangler clone

11:00 am U.S. ET | June 2, 2015

The Beijing Auto BJ40, a 4x4 clone of the Jeep Wrangler, will soon receive a turbocharged 2.0-liter engine that its parent company, BAIC, received from GM's fire sale of Saab parts bin items in 2009, along with the Saab 9-3 and Saab 9-5 platforms.... Read More »

Is Ssangyong coming to America ... with a Jeep Wrangler rival?

11:00 am U.S. ET | June 2, 2015

Korean automaker Ssangyong is planning a Jeep Wrangler rival as a launch vehicle for the U.S., Autocar reports. The report of a small SUV that will be high on style follows the debut of the Tivoli compact crossover in Europe, which is launching this year. Company sources told Autocar that there is enough spare capacity on the Tivoli production line for another derivative.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How Peugeot CEO Picat improved the brand's pricing

June 2, 2015 06:15 CET

Peugeot CEO Maxime Picat has played a key role in PSA's financial turnaround as head of the automaker's largest division by improving the retail pricing of the French brand's vehicles in Europe. Picat told Automotive News Europe how Peugeot plans to keep improving.... Read More »

Bentley expands in hard-hit Russia with third dealership

June 2, 2015 16:30 CET

Bentley has added its third dealership in Moscow as the carmaker anticipates that wealthier Russians will shrug off an impending recession and buy its upcoming Bentayga SUV.... Read More »

German car sales fall 6.7% in May on seasonal effect

June 2, 2015 16:03 CET

German new-car sales fell by 6.7 percent in May in a month that had two fewer business days than the year-earlier month. Adjusted sales rose by almost 4 percent.... Read More »

Mitsubishi joins move to Apple-Android connectivity

6:50 am U.S. ET | June 2, 2015

Mitsubishi is the latest carmaker joining the Apple-Android car connectivity push, with plans to introduce the systems this summer in the Pajero SUV for Europe before eventually bringing the technology to other markets and nameplates.... Read More »

 
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