Automotive News Breaking News Feed News, blogs and commentary from the leader in North American automotive news en-us Fri, 24 Apr 2015 06:00:00 EST JLR sees Mexico as 'strong' option for N.A. assembly plant Fri, 24 Apr 2015 17:04:21 EST Jaguar Land Rover is considering building a plant in Mexico, following other luxury car makers lured by cheap labor and free trade agreements. Mazda quarterly profits fall on currency losses while sales rise Fri, 24 Apr 2015 06:41:30 EST Profits fell at Mazda in the January-March quarter, undercut by higher outlays for marketing and factory startups and foreign exchange losses, despite rising sales. Ford recalls 390,000 cars to fix doors that may fly open while driving Fri, 24 Apr 2015 15:51:09 EST Ford is recalling about 390,000 cars for an issue that could prevent the doors from latching or allow them to open unexpectedly while driving. Mitsubishi posts first annual N.A. profit in seven years Fri, 24 Apr 2015 07:47:44 EST Mitsubishi booked double-digit profit increases in the latest quarter to propel the carmaker to record annual earnings and its first North America profit in seven years. GM paid Barra $16.2 million in 2014 Fri, 24 Apr 2015 11:00:00 EST GM CEO Mary Barra received $16.2 million in total compensation during her first year leading the automaker, GM said in a regulatory filing today. Barra's payout included a base salary of $1.6 million, stock awards totaling $11.8 million, and $2. Supplier ThyssenKrupp plans to invest $869 million in N.A. by 2020 Fri, 24 Apr 2015 11:39:35 EST German industrial group ThyssenKrupp plans to invest more than 800 million euros ($869 million) in North America by 2020 to take advantage of increased auto production. Lear Q1 net income, revenue up after Eagle Ottawa acquisition Fri, 24 Apr 2015 11:25:01 EST Seating and electronics supplier Lear acquired leather supplier Eagle Ottawa in the first quarter and said that net income during the period increased 20 percent and revenue jumped 3.7 percent from the year earlier. Toyota makes noise with Mirai hydrogen fuel cell vehicle Fri, 24 Apr 2015 10:18:00 EST For all its silence, Toyota's Mirai hydrogen fuel cell vehicle actually can be pretty noisy. Ironically, that is because the car is propelled by a whispering electric motor that allows the driver to pick up sounds that might otherwise be droned out. GM profit rises, aided by North America Thu, 23 Apr 2015 07:45:00 EST General Motors posted stout first-quarter profits from truck sales in North America, but trouble in Russia and Brazil and lingering fallout from last year's recall binge kept a lid on earnings. Pricing pressure in U.S., China raises fears about future auto profits Thu, 23 Apr 2015 15:20:24 EST The strength of the US and China economies has helped companies like General Motors offset weakness in others parts of the world, but growing pricing pressure in those lucrative markets could be a warning sign for future profits. Former Hitachi exec sentenced to 15 months in prison after guilty plea for price fixing Thu, 23 Apr 2015 05:45:00 EST A former executive with Hitachi Automotive Systems pleaded guilty and was sentenced to 15 months in prison for conspiring to fix prices on a number of automotive parts sold in the United States. Ford to cut 700 jobs at Mich. plant, hitting Tier 2 workers Thu, 23 Apr 2015 15:40:16 EST Ford plans to cut 700 jobs and eliminate the third shift at its small-car assembly plant in suburban Detroit, in the company's first large-scale layoff of Tier 2 workers. Fiat Chrysler recalls 46,000 vehicles for ignition switch, airbag issues Thu, 23 Apr 2015 14:48:03 EST Fiat Chrysler is recalling 43,874 Jeep Liberty, Jeep Wrangler and Dodge Viper models for possible ignition-switch issues and 2,408 Ram ProMaster City models for airbag problems. GM Financial Q1 net rises as lease volume skyrockets Thu, 23 Apr 2015 14:17:12 EST Captive finance company GM Financial had a giant increase in lease volume in the first quarter, as parent company GM switched to GM Financial as its exclusive preferred lender for Buick, Cadillac, Chevrolet and GMC subsidized leases. Dealerships can gain an edge with Spanish-language marketing Thu, 23 Apr 2015 14:10:08 EST Dealerships willing to advertise and post videos in Spanish face little competition reaching a growing number of Latino car buyers, said Ricky Lopez, Internet director at David Maus Toyota in Sanford, Fla. Goodyear to spend $550 million on tire plant in Mexico, report says Thu, 23 Apr 2015 10:54:01 EST Goodyear Tire and Rubber is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter told Reuters, the latest in a string of investment pledges in the country's booming auto sector. GM gets boost from smaller pickups, but doubters question for how long Thu, 23 Apr 2015 10:29:03 EST General Motors' return to selling smaller pickups in the United States has resuscitated a moribund market segment, but new data highlights the risk that the automaker's new trucks are cannibalizing sales of higher-priced models. Hyundai may boost SUV capacity in U.S., China after Q1 profit dips Thu, 23 Apr 2015 10:04:47 EST South Korea's Hyundai Motor may boost production of SUVs in the United States and China after reporting profits fell again, squeezed by the cost of promotions to bolster car sales and unfavorable foreign exchange trends. Dealers missing out on digital FandI sales, study finds Wed, 22 Apr 2015 11:30:00 EST Consumers want FandI product information online rather than all-at-once at the end of their vehicle purchases, a new study finds. TRW to sell suspension unit to THK for $400 million Wed, 22 Apr 2015 06:46:43 EST TRW Automotive Holdings said it agreed to sell its linkage and suspension business to Tokyo conglomerate THK for $400 million. EVs need more fed support, study finds Wed, 22 Apr 2015 11:32:07 EST A study commissioned by Congress says the federal government must to do more to support the market for electric and plug-in hybrid vehicles. Tesla to unveil home and utility batteries April 30 Wed, 22 Apr 2015 06:51:20 EST Tesla Motors Inc. will announce a home battery and a 'very large' utility-scale battery on April 30, according to an e-mail sent to investors and analysts. Ford F-150 regular cab, SuperCab join SuperCrew with 5-star safety ratings Wed, 22 Apr 2015 19:00:00 EST The redesigned Ford F-150 pickup has earned the government's highest possible crash safety rating, answering worries that the truck's all-new aluminum body would compromise crashworthiness. Google's 'Mobilegeddon' forces dealerships to get mobile-friendly Wed, 22 Apr 2015 15:54:39 EST If consumer preferences haven't already prompted auto dealerships to operate mobile-friendly websites and digital marketing tools, Google is giving them an extra nudge. GM, Clemson roll out Deep Orange concept for urban, young buyers Wed, 22 Apr 2015 18:30:00 EST GM and Clemson University students unveiled a vehicle -- Deep Orange 5 -- aimed at young, price-conscious consumers in big cities that takes the connected, digital car to a new level. Lithia's Q1 net income soars 64% on broad gains, DCH integration Wed, 22 Apr 2015 11:03:46 EST Lithia Motors' net income surged 64 percent to $41 million in the first quarter from a year earlier, on strong sales across all divisions and the continued integration of its purchase last year of DCH Auto Group, the dealership group said today. Auto safety technology trumps entertainment for consumers, J.D. Power study finds Wed, 22 Apr 2015 13:00:00 EST Automakers should invest in safety technology, over entertainment and convenience, to satisfy customers, according to a J.D. Power study released today. Asbury, Sonic see below-average FandI revenue at new-initiative stores Wed, 22 Apr 2015 11:30:00 EST Two of the nation's biggest publicly traded dealership groups said early, small-scale results from their nontraditional dealerships -- either stand-alone used-vehicle stores or ones that use techniques such as no-haggle pricing -- showed below... Some auto lenders let others pursue volume Wed, 22 Apr 2015 11:15:00 EST Some auto lenders are choosing not to chase volume. Consumer Portfolio Services and PNC Bank are consciously passing up volume to protect profits and their credit standards. Wells Fargo made a similar statement this month. BMW is building vehicle distribution center in Texas to serve the South Wed, 22 Apr 2015 10:44:36 EST BMW AG said it is building a vehicle distribution center in Texas to serve the Southern US. The facility at the Port of Galveston will serve the 45 BMW and Mini dealers in Texas, Oklahoma, Louisiana and Arkansas. AutoNation's Q1 net income rises 17% Wed, 22 Apr 2015 07:00:00 EST AutoNation is picking up its acquisition pace as its profits continue to rise. Net income for the nation's largest new-car retailer jumped 17 percent in the first quarter to $111.5 million, the company said today. Peugeot, IBM agree to develop new connected-car services Wed, 22 Apr 2015 08:26:33 EST PSA Peugeot Citroen and IBM are working together to hook cars up to the Internet, going beyond mapping and infotainment to link vehicles up to shops, service networks and urban transport grids, the companies said today. Suzuki recalls record 2 million cars for smoking ignition switch Wed, 22 Apr 2015 07:21:36 EST Suzuki said it would recall 2 million cars, a record for the automaker, including Chevrolet Cruzes it builds for GM, to replace the ignition switch after reports of fumes being emitted from the faulty component. Sonic Q1 revenue up, net income down on costs for new initiatives Tue, 21 Apr 2015 09:06:36 EST Sonic Automotive reported a nearly 5 percent revenue increase in the first quarter, but a drop in net income mostly because of costs associated with its One Sonic-One Experience no-haggle program and EchoPark, its new used-car business. Google exec sees self-driving cars as inevitable Tue, 21 Apr 2015 16:05:19 EST Ray Kurzweil, inventor, futurist and Google's director of engineering, opened the SAE World Congress here by pointing out that predicting the future is easy -- and saying self-driving cars are inevitable. GM's Q1 global volume climbs 1.9%; company trails VW in global sales race Tue, 21 Apr 2015 13:38:54 EST General Motors said today that it sold 2,421,123 million vehicles globally in the first quarter, a 1.9 percent increase from a year ago. Asbury's first quarter net income rises 14% Tue, 21 Apr 2015 09:06:48 EST Asbury Automotive Group's net income jumped 14 percent in the first quarter of 2015 from the year-earlier period, to $35.9 million, as all parts of its business experienced profit gains. NHTSA prepares steps to speed up Takata, Jeep recalls Tue, 21 Apr 2015 13:30:01 EST Federal auto safety regulators want to see more progress on the Takata and Jeep fuel tank recalls, and could take action in the next two weeks to achieve that goal. Mercedes' Cannon recruits fellow execs for a personal mission Tue, 21 Apr 2015 11:34:27 EST A few months ago, Steve Cannon called on the heads of Group 1 and AutoNation for big favors -- and it had nothing to do with selling more cars. Instead, the CEO of Mercedes-Benz USA had a different mission in mind. Sheila Vaden-Williams, former head of minority auto dealers association, dies at age 55 Tue, 21 Apr 2015 11:20:38 EST Sheila Vaden-Williams, former president of the National Association of Minority Automobile Dealers, died Sunday. She was 55. Volkswagen C Coupe GTE concept lands in Shanghai Tue, 21 Apr 2015 11:00:00 EST Volkswagen, continuing a march upmarket, unveiled the C Coupe GTE concept this week at the Shanghai auto show. Fiat 500 cabrio gets Nuova treatment Tue, 21 Apr 2015 11:00:00 EST Fiat is going back in time for a new edition of the 500 cabrio -- 1957, to be exact. Fiat Chrysler Automobiles is giving the 500c a retro '1957 Edition' treatment. The car takes inspiration from the 1957 Fiat Nuova Cinquecento. How Hyundai's synchronized 'Message to Space' came together Tue, 21 Apr 2015 10:41:39 EST Before Hyundai could send 'A Message to Space,' it had to deal with a slew of hurdles on Earth. TRW plans to open 3 more plants in China Tue, 21 Apr 2015 10:08:41 EST TRW Automotive, the safety components supplier being acquired by Germany's ZF Friedrichshafen, said it plans to open three plants in China this year and next. Toyota in talks to boost China output to meet 2 million sales goal Tue, 21 Apr 2015 06:57:55 EST Toyota, already planning to build one new assembly plant in China in 2017, is in talks to further ramp up production in the world's largest auto market. Hyundai's space stunt rockets up rankings Tue, 21 Apr 2015 00:01:00 EST In the latest heart-warming stunt by an automaker, Hyundai helps a daughter contact her astronaut dad. ZF sells bonds to help finance TRW acquisition Mon, 20 Apr 2015 14:37:43 EST ZF raised $2.4 billion with the company's first bond sale in its 100-year history to help pay for its acquisition of automotive safety components supplier TRW Automotive Holdings Corp. Phil Martens out as CEO of aluminum supplier Novelis Mon, 20 Apr 2015 13:56:19 EST Top aluminum rolled products maker Novelis announced Monday the surprise departure of CEO Philip Martens -- a former rising star executive at Ford -- who helped the India-owned supplier shift toward the automotive sector. Musk nearly sold Tesla to Google in 2013, new book says Mon, 20 Apr 2015 11:33:02 EST A book titled Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future says Musk had a deal with Google's Larry Page to sell Tesla to the technology giant before the electric-car maker saw a turnaround in its fortunes. PACE Award winners take on the fuel economy challenge Mon, 20 Apr 2015 21:15:00 EST Auto suppliers are responding to automakers' needs for better fuel economy, claiming half of this year's Automotive News PACE Awards with innovations that cut weight or make powertrains more efficient. %]