Automotive News Breaking News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Fri, 29 Apr 2016 06:00:00 EST Inside Google's quest to shape the rules of the driverless road http://www.autonews.com/article/20160429/OEM06/160429810/inside-googles-quest-to-shape-the-rules-of-the-driverless-road Fri, 29 Apr 2016 00:01:00 EST Google is mounting a lobbying and public-relations campaign across America to win acceptance for autonomous vehicles and to shape the rules of the driverless road. Retailers need to see service as the hot money spot this year http://www.autonews.com/article/20160429/BLOG06/160429811/retailers-need-to-see-service-as-the-hot-money-spot-this-year Fri, 29 Apr 2016 00:01:00 EST Dealers are -- or should be -- preparing to take any sales slowdown in stride, by beefing up their service and parts operations. Some days, it's nice to be a Mitsubishi dealer http://www.autonews.com/article/20160428/BLOG06/160429812/some-days-its-nice-to-be-a-mitsubishi-dealer Thu, 28 Apr 2016 16:36:35 EST Facing a scandal over emissions violations, how did Mitsubishi quickly provide the kind of clarity and closure that Volkswagen dealers still yearn for? Ford will shut one F-150 line for a week over mechanical issues http://www.autonews.com/article/20160428/OEM01/160429817/ford-will-shut-one-f-150-line-for-a-week-over-mechanical-issues Thu, 28 Apr 2016 15:15:58 EST Ford is idling its F-150 assembly line in Missouri for one week in May to address mechanical issues that had been hindering the plant's output. The temporary shutdown comes as F-series inventory reaches its highest level in nearly a decade. BorgWarner Q1 adjusted earnings rise 5% http://www.autonews.com/article/20160428/OEM10/160429823/borgwarner-q1-adjusted-earnings-rise-5 Thu, 28 Apr 2016 11:19:05 EST Turbocharger and emissions systems supplier BorgWarner said today its first-quarter adjusted earnings rose on higher sales, even as one-time costs dragged down its net income. Ford profits soar on F-150 sales, Europe rebound http://www.autonews.com/article/20160428/OEM/160429830/ford-profits-soar-on-f-150-sales-europe-rebound Thu, 28 Apr 2016 07:15:00 EST Ford today posted the highest quarterly pretax profit in its 113-year history and its best-ever results in North America, driven by higher sales of the redesigned F-150 and a retooled lineup of SUVs. Supplier Tower International cancels plan to sell European unit http://www.autonews.com/article/20160428/OEM10/160429813/supplier-tower-international-cancels-plan-to-sell-european-unit Thu, 28 Apr 2016 16:10:16 EST Tower International, which makes heavy metal components and assemblies for cars and trucks, said today it will not sell its European division, citing the industry's growth in the region. Mich. bills would make hacking electronic vehicle systems a felony, with life in prison http://www.autonews.com/article/20160428/OEM11/160429815/mich-bills-would-make-hacking-electronic-vehicle-systems-a-felony Thu, 28 Apr 2016 15:41:38 EST Hacking into an electronic vehicle system would have serious consequences under bills introduced today in the Michigan Senate: life in prison for the offender. GM China sees strong growth for luxury models and EVs http://www.autonews.com/article/20160428/GLOBAL03/160429814/gm-china-sees-strong-growth-for-luxury-models-and-evs Thu, 28 Apr 2016 15:56:41 EST Chinese consumers' continued preference for luxury brands could help make that country Cadillac's largest global market in the next five to 10 years, the head of General Motors China said today. Visteon reports drop in Q1 net income but gross margin rises http://www.autonews.com/article/20160428/OEM10/160429816/visteon-reports-drop-in-q1-net-income-but-gross-margin-rises Thu, 28 Apr 2016 15:31:30 EST Visteon beat Wall Street expectations in the first quarter this year despite lower income. The supplier of automotive electronics reported net income of $19 million, or $0.49 per share, on revenue of $802 million. Gen Y more likely than older drivers to trust self-driving tech, study finds http://www.autonews.com/article/20160428/OEM06/160429822/gen-y-more-likely-than-older-drivers-to-trust-self-driving-tech Thu, 28 Apr 2016 13:00:00 EST More than half of those born after 1976 say they trust autonomous tech, compared with 41 percent in Generation X, 23 percent of baby boomers and 18 percent of the pre-boomer generation, J.D. Power's annual U.S. Tech Choice Study found. Denso's fiscal-year net falls 5.8%; Aisin Seiki's climbs 14% http://www.autonews.com/article/20160428/OEM10/160429818/densos-fiscal-year-net-falls-5-8-aisin-seikis-climbs-14 Thu, 28 Apr 2016 15:13:21 EST Denso's net income fell 5.8 percent in the fiscal year which ended March 31, even as revenue rose 5 percent, the parts supplier said. Separately, Aisin Seiki said its net rose 14 percent as revenue rose 9.4 percent. Ford plans EV to compete with Chevy Bolt, Tesla Model 3, Fields confirms http://www.autonews.com/article/20160428/OEM05/160429821/ford-plans-ev-to-compete-with-chevy-bolt-tesla-model-3-fields Thu, 28 Apr 2016 12:42:52 EST Ford is developing an electric vehicle that would be competitive with the Chevrolet Bolt and Tesla Model 3, CEO Mark Fields said. FCA-Google talks? Marchionne may have dropped a hint http://www.autonews.com/article/20160428/OEM06/160429820/fca-google-talks-marchionne-may-have-dropped-a-hint Thu, 28 Apr 2016 13:53:27 EST Did Fiat Chrysler CEO Sergio Marchionne tip his hand at ongoing talks with Google earlier this week? During a call with analysts Tuesday as FCA delivered first-quarter results, Marchionne was asked about potential partnerships with nonautomotive... Auto industry must do more to close gender gap in leadership roles, report finds http://www.autonews.com/article/20160428/OEM/160429825/auto-industry-must-do-more-to-close-gender-gap-in-leadership-roles Thu, 28 Apr 2016 10:24:10 EST The auto industry must do more if it wants to close the gender gap in its leadership positions, a report released today found. The survey was conducted by EY, a consulting firm. China's GAC looks to Fiat Chrysler to help enter U.S. http://www.autonews.com/article/20160428/GLOBAL03/160429826/chinas-gac-looks-to-fiat-chrysler-to-help-enter-u-s Thu, 28 Apr 2016 09:44:13 EST China's Guangzhou Automobile Group, whose partnership with Fiat Chrysler Automobiles enables the Italian-American automaker to manufacture in China, wants Fiat Chrysler to return the favor by helping it launch U.S. sales. April U.S. sales expected to rise 4% with SAAR of 17.4-17.6 million http://www.autonews.com/article/20160427/RETAIL01/160429839/april-u-s-sales-expected-to-rise-4-with-saar-of-17-4-17-6-million Wed, 27 Apr 2016 15:55:24 EST U.S. new-vehicle sales in April are projected to rise about 4 percent from a year ago, according to four forecasts, easing concerns that the market is weakening. Mitsubishi says 2013-17 audit showed no U.S. testing flaws http://www.autonews.com/article/20160427/OEM11/160429838/mitsubishi-says-2013-17-audit-showed-no-u-s-testing-flaws Wed, 27 Apr 2016 16:54:15 EST Mitsubishi Motors, embroiled in a scandal over inflated fuel economy ratings for small cars sold in Japan, said today that an internal audit has found no testing problems with cars sold in the United States between model years 2013 and 2017. Group 1 CEO says automakers need to cut production http://www.autonews.com/article/20160427/RETAIL/160429848/group-1-ceo-says-automakers-need-to-cut-production Wed, 27 Apr 2016 12:01:01 EST The head of one of the biggest U.S. dealership groups said major automakers must cut production in order for dealers to keep healthy profit margins. High warranty costs reflect Tesla's struggle with quality http://www.autonews.com/article/20160427/OEM05/160429847/high-warranty-costs-reflect-teslas-struggle-with-quality Wed, 27 Apr 2016 12:25:48 EST Tesla CEO Elon Musk has told investors his electric car company will stop burning cash and turn a profit this year, and corralling costs associated with quality problems will be critical to making good on that pledge. Superior Industries more than triples Q1 net income http://www.autonews.com/article/20160427/OEM10/160429840/superior-industries-more-than-triples-q1-net-income Wed, 27 Apr 2016 15:21:57 EST Aluminum-wheel supplier Superior Industries more than tripled its first-quarter net income, driven by a 25 percent gain in wheel shipments. Icahn's Federal-Mogul returns to profitability in Q1 http://www.autonews.com/article/20160427/OEM10/160429841/icahns-federal-mogul-returns-to-profitability-in-q1 Wed, 27 Apr 2016 14:21:02 EST Carl Icahn-controlled Federal-Mogul today reported a $35 million profit in the first quarter as sales in its aftermarket parts division rose 7.5 percent. GM to build new engine line in Tennessee, create 800 jobs http://www.autonews.com/article/20160427/OEM01/160429842/gm-to-build-new-engine-line-in-tennessee-create-800-jobs Wed, 27 Apr 2016 14:04:35 EST General Motors plans to spend $789 million to prepare its Spring Hill, Tenn., plant for production of a new engine program, creating nearly 800 jobs, GM said today. Automakers face deadline to challenge deposition orders in supplier price-fixing litigation http://www.autonews.com/article/20160427/OEM10/160429843/automakers-face-deadline-to-challenge-deposition-orders-in-supplier Wed, 27 Apr 2016 13:44:18 EST General Motors, Fiat Chrysler, Toyota and other automakers by next week must decide if they will challenge an order that they give depositions in the massive Detroit civil lawsuit alleging price-fixing in the supply chain. Lear net income surges 69% in Q1 http://www.autonews.com/article/20160427/OEM10/160429844/lear-net-income-surges-69-in-q1 Wed, 27 Apr 2016 13:13:52 EST Seating and electronics supplier Lear reported today a 69 percent increase in first-quarter net income, driven by rising sales and demand for its parts. VW presentation described how to cheat emissions tests, report says http://www.autonews.com/article/20160427/OEM11/160429849/vw-presentation-described-how-to-cheat-emissions-tests-report-says Wed, 27 Apr 2016 11:41:48 EST A Volkswagen PowerPoint presentation from 2006 described 'in detail' how the German automaker could cheat on stringent U.S. emissions tests, the New York Times reported today. Ford issues five recalls for 285,000 N.A. vehicles http://www.autonews.com/article/20160427/OEM11/160429851/ford-issues-five-recalls-for-285000-n-a-vehicles Wed, 27 Apr 2016 10:34:26 EST Ford today issued five recalls covering a total of about 285,000 vehicles in North America for problems that include transmissions downshifting into first gear at high speeds, poor welding and tires damaged by a factory conveyor belt. Volvo announces 3 regional executive moves in U.S. http://www.autonews.com/article/20160427/OEM02/160429853/volvo-announces-3-regional-executive-moves-in-u-s Wed, 27 Apr 2016 10:28:17 EST Volvo Car USA has announced three executive changes in its regional structure effective May 1. Bosch CEO: We did not say that Fiat is using defeat devices http://www.autonews.com/article/20160427/OEM10/160429858/bosch-ceo-we-did-not-say-that-fiat-is-using-defeat-devices Wed, 27 Apr 2016 07:16:28 EST Bosch did not say that Fiat is using an illegal defeat device, the supplier's CEO, Volkmar Denner, said today. "At no point in time did Bosch communicate that Fiat is using a non-authorized defeat device." Bosch posts record revenue on safety and assistance systems, warns of slowdown http://www.autonews.com/article/20160427/OEM10/160429859/bosch-posts-record-revenue-on-safety-and-assistance-systems-warns-of Wed, 27 Apr 2016 06:44:29 EST German auto parts maker Robert Bosch said it expected sales to rise at the lower end of its 3 to 5 percent forecast range this year if a slowdown in the first quarter continues. The rough road for Alfa, passionate fans and fast cars aside http://www.autonews.com/article/20160426/BLOG06/160429882/the-rough-road-for-alfa-passionate-fans-and-fast-cars-aside Tue, 26 Apr 2016 11:45:00 EST The brutal auto industry has left no white space for a new entry such as Alfa Romeo to come in and offer something no one else has. Subaru updates 2017 Forester for quieter cabin http://www.autonews.com/article/20160426/OEM04/160429887/subaru-updates-2017-forester-for-quieter-cabin Tue, 26 Apr 2016 09:24:58 EST Subaru is revamping the Forester crossover for 2017 with subtle exterior changes, such as a new grille, headlights and front bumper cover, and additional cabin refinement designed to reduce the road noise that was a common complaint on previous... Ally net income, originations down as it gets tougher on approvals http://www.autonews.com/article/20160426/FINANCE_AND_INSURANCE/160429877/ally-net-income-originations-down-as-it-gets-tougher-on-approvals Tue, 26 Apr 2016 12:36:46 EST Ally Financial took a more selective approach to its loan and lease approvals in the first quarter, leaving it with lower origination volume. Its net income also fell, but revenue rose, the company said Tuesday. Ford, Volvo, Google, Uber, Lyft form coalition to promote self-driving cars http://www.autonews.com/article/20160426/OEM06/160429889/ford-volvo-google-uber-lyft-form-coalition-to-promote-self-driving Tue, 26 Apr 2016 07:54:43 EST Ford, Volvo Cars, Google and two ride-hailing companies created a coalition, led by former NHTSA chief David Strickland, to urge federal government action to help advance self-driving vehicles. EPA orders Mitsubishi to conduct new vehicle testing http://www.autonews.com/article/20160426/OEM/160429867/epa-orders-mitsubishi-to-conduct-new-vehicle-testing Tue, 26 Apr 2016 17:06:34 EST The EPA ordered Mitsubishi Motors to provide additional information and conduct new tests of U.S. vehicles after the Japanese automaker's admission that it did not properly follow fuel economy test procedures in Japan since 1991. Asbury Q1 net down 14%; will open used-car stores despite slow sales http://www.autonews.com/article/20160426/RETAIL/160429879/asbury-q1-net-down-14-will-open-used-car-stores-despite-slow-sales Tue, 26 Apr 2016 11:34:49 EST Asbury Automotive's first-quarter net income dropped 14 percent to $31 million, pressured by softer new- and used-vehicle sales, even as revenue edged up 0.6 percent to $1.55 billion, the company said today. Sonic Q1 net rises 4.7% on parts and service, FandI; revenue flat http://www.autonews.com/article/20160426/RETAIL/160429886/sonic-q1-net-rises-4-7-on-parts-and-service-fi-revenue-flat Tue, 26 Apr 2016 09:25:27 EST Sonic Automotive reported net income rose 4.7 percent to $14.6 million in the first quarter from a year earlier. Despite the narrow gain, the auto retailer reported a decline in gross profits on new and used vehicles amid weaker new-vehicle sales. Penske Q1 net rises 5.7% on higher sales http://www.autonews.com/article/20160426/RETAIL/160429885/penske-q1-net-rises-5-7-on-higher-sales Tue, 26 Apr 2016 09:28:34 EST Penske Automotive Group reported a 5.7 percent rise in first-quarter net income attributed in large part to the strength of its retail sales. The nation's second-largest dealership group said net income rose to $80. BMW promotes Petter Witt to N.A. vice president of operations http://www.autonews.com/article/20160426/OEM02/160429875/bmw-promotes-petter-witt-to-n-a-vice-president-of-operations Tue, 26 Apr 2016 13:33:54 EST BMW has rewarded a regional manager who 'fully embraced' the automaker's efforts to create its Future Retail dealership standards. Petter Witt becomes executive vice president, operations, in North America, effective May 1. Ford to invest $1.4 billion to build 10-speed transmissions for 2017 F-150 http://www.autonews.com/article/20160426/OEM01/160429878/ford-to-invest-1-4-billion-to-build-10-speed-transmissions-for-2017 Tue, 26 Apr 2016 11:42:03 EST Ford today said it plans to spend $1.4 billion creating 500 jobs and upgrading a Detroit-area plant to build 10-speed transmissions for the 2017 F-150 pickup. Marchionne confirms Ram 1500 output switching Mich. plants in 2018 http://www.autonews.com/article/20160426/OEM01/160429880/marchionne-confirms-ram-1500-output-switching-mich-plants-in-2018 Tue, 26 Apr 2016 10:43:57 EST Fiat Chrysler CEO Sergio Marchionne confirmed that production of the Ram 1500 pickup would move about 10 miles north to FCA's Sterling Heights Assembly Plant from the Warren Truck Assembly Plant in suburban Detroit. Tenneco Q1 net income up 16% on record revenue http://www.autonews.com/article/20160426/OEM10/160429876/tenneco-q1-net-income-up-16-on-record-revenue Tue, 26 Apr 2016 12:56:58 EST Ride-control and emission-control supplier Tenneco has reported a 16 percent rise in first-quarter net income on a wave of record revenue. Audi teams up with Captain America http://www.autonews.com/article/20160426/VIRALVIDEO/304269999/audi-teams-up-with-captain-america Tue, 26 Apr 2016 00:01:00 EST In 'The Chase,' from Anomaly, Audi leverages its 'Captain America: Civil War' sponsorship to film a humorous take on the classic car-chase shot. Auto dealers in China, ubiquitous as KFCs, face shakeout http://www.autonews.com/article/20160425/GLOBAL03/160429901/auto-dealers-in-china-ubiquitous-as-kfcs-face-shakeout Mon, 25 Apr 2016 11:37:14 EST China has set six straight annual records for the most new vehicles bought by any country in the 150-year history of the automobile. Honda brings clarity to electrification strategy http://www.autonews.com/article/20160425/OEM05/304259960/honda-brings-clarity-to-electrification-strategy Mon, 25 Apr 2016 00:01:00 EST When Honda revealed last week that it would a three-model family of green cars under the Clarity nameplate, it also brought a measure of clarity to its electrification strategy, which has moved in fits and starts since the 1999 debut of the oddly... VW concept could preview next Touareg http://www.autonews.com/article/20160425/OEM04/304259969/vw-concept-could-preview-next-touareg Mon, 25 Apr 2016 00:01:00 EST A luxury SUV concept VW unveiled at the Beijing auto show could preview the redesigned Touareg due in 2017. How Toyota applied the lessons of 2011 quake http://www.autonews.com/article/20160425/OEM/304259956/how-toyota-applied-the-lessons-of-2011-quake Mon, 25 Apr 2016 00:01:00 EST Like all of Japan's automakers, Toyota has spent the five years since the March 2011 disaster strengthening itself for the next crisis. And when it hit this month, Toyota's preparation largely paid off. Cadillac targets 11% operating margin in 10 years http://www.autonews.com/article/20160425/OEM01/160429914/cadillac-targets-11-operating-margin-in-10-years Mon, 25 Apr 2016 06:54:20 EST Cadillac is targeting an 11 percent operating margin in 10 years, brand President Johan de Nysschen said today in an interview with Reuters, laying out a timeline for the long-term turnaround. VW to go to U.S. court to keep 160 Tenn. plant workers from UAW http://www.autonews.com/article/20160425/OEM01/160429906/vw-to-go-to-u-s-court-to-keep-160-tenn-plant-workers-from-uaw Mon, 25 Apr 2016 11:03:59 EST Volkswagen said today it would go to a U.S. federal appeals court in an effort to keep the UAW from representing a portion of the company's plant workers in Chattanooga, Tenn. Panasonic to make push into autonomous tech http://www.autonews.com/article/20160425/OEM10/304259990/panasonic-to-make-push-into-autonomous-tech Mon, 25 Apr 2016 00:01:00 EST Consumer electronics maker Panasonic grew big in automotive with vehicle displays and batteries for electric vehicles. But now, the supplier is looking for even bigger growth from its emerging technologies for autonomous-drive cars.