Automotive News Breaking News Feed http://www.autonews.com News and commentary from the leader in North American automotive news en-us Thu, 26 Apr 2018 06:00:00 EST For Bosch diesel claim, technical details to come http://www.autonews.com/article/20180426/BLOG06/180429820/for-bosch-diesel-claim-technical-details-to-come Thu, 26 Apr 2018 12:27:12 EST Has Bosch really cracked the code and figured out how to take harmful diesel emissions off the table by simply tweaking the turbocharger and by closely controlling the temperature of the air entering the engine? GM's operating profit sinks 27% on lower pickup production; net falls 60% http://www.autonews.com/article/20180426/OEM/180429836/gm-q1-earnings-decline Thu, 26 Apr 2018 07:15:00 EST GM's net income and operating profit fell sharply in the first quarter because of planned downtime of full-size pickup output, a restructuring in Korea and other costs. GM's earnings before interest and taxes declined 27 percent. Fiat Chrysler Q1 adjusted earnings rise 5% to $1.96 billion http://www.autonews.com/article/20180426/COPY01/304269944/fca-first-quarter-earnings-income-rise-marchionne Thu, 26 Apr 2018 07:58:21 EST Fixing a "challenging" launch of the new Ram 1500 pickup has cost FCA $300 million, but it didn't keep the automaker from posting a Q1 record adjusted earnings of $1.96 billion while cutting debt. Why Ford is killing most of its cars -- and why that's the right move http://www.autonews.com/article/20180426/BLOG06/180429825/ford-sedans-killed-hackett Thu, 26 Apr 2018 10:26:13 EST Where will new Ford customers turn for an entry-level offering when the automaker's North American dealerships no longer carry a single sedan? We're about to find out. China may cut light-vehicle import duty by nearly half, report says http://www.autonews.com/article/20180426/OEM/180429838/china-may-cut-light-vehicle-import-duty-by-nearly-half-report-says Thu, 26 Apr 2018 06:22:55 EST China is mulling proposals to cut import duties on passenger cars by about half, Bloomberg reported, citing people with direct knowledge of the matter, a move that's set to give a lift to luxury brands such as BMW and Lexus. Sonic's loss widens despite record Q1 revenue http://www.autonews.com/article/20180426/RETAIL/180429823/sonic-dealer-q1-earnings Thu, 26 Apr 2018 11:01:40 EST Sonic Automotive's revenue rose to a first-quarter record on gains in FandI and new- and used-vehicle sales, but the retailer's net loss widened from a year earlier. Magna wins lidar contract with BMW Group http://www.autonews.com/article/20180426/COPY01/304269935/magna-wins-lidar-contract-with-bmw-group Thu, 26 Apr 2018 07:00:00 EST Magna says the contract with the BMW Group 'is one of the first in the auto industry to include solid-state lidar for serial production.' The Canadian supplier developed the lidar with Innoviz. Tesla's Autopilot chief steps down after two years http://www.autonews.com/article/20180426/COPY01/304269959/musk-tesla-executive-autopilot-departure Thu, 26 Apr 2018 05:58:03 EST Tesla's Autopilot chief, Jim Keller, has left the company, the latest in a rash of executive departures at the electric-car maker, which is in a fierce war for the engineering talent. Hyundai's Q1profit halves on bleak U.S., China sales http://www.autonews.com/article/20180426/COPY01/304269960/hyundai-profit-drops-first-half Thu, 26 Apr 2018 04:11:31 EST Hyundai's first-quarter net profit halved as bleak U.S. and China sales, a strong South Korean currency and labor union strikes dragged on the automaker's earnings. Lear raises outlook on rising seating, electronics sales http://www.autonews.com/article/20180426/OEM10/180429833/lear-earnings-outlook-rise-scott-ceo Thu, 26 Apr 2018 08:23:53 EST Lear raised its outlook for sales and earnings for the year after reporting record first-quarter results. It was the first earnings report for the supplier under new CEO Ray Scott. GM, South Korea to invest $4.35 billion in troubled unit http://www.autonews.com/article/20180426/OEM/180429831/gm-south-korea-to-invest-4-35-billion-in-troubled-unit Thu, 26 Apr 2018 09:02:08 EST General Motors and South Korea agreed to inject $4.35 billion into the company's unprofitable local arm to keep it afloat after it came close to seeking bankruptcy protection. AutoNation names 1st academic to board http://www.autonews.com/article/20180425/RETAIL07/180429856/autonation-executive-board-member-jackson Wed, 25 Apr 2018 15:58:13 EST AutoNation added the first academic and second woman to its board composed entirely of outside directors under CEO Mike Jackson. Ford doubles cost-cutting plan, earnings rise http://www.autonews.com/article/20180425/OEM/180429854/ford-nearly-doubles-cost-cutting-plans-earnings Wed, 25 Apr 2018 16:23:50 EST Ford plans to stop selling all Ford brand sedans in North America and is nearly doubling its cost-cutting target from a plan laid out only six months ago. The automaker said it will fix or eliminate unprofitable global operations. Ford shakes up China network, names new leaders http://www.autonews.com/article/20180425/RETAIL01/180429861/ford-china-distribution-management-shakeup Wed, 25 Apr 2018 12:18:06 EST Ford said it's reorganizing its operations in China by simplifying its distribution network and appointing new leaders to replace the CEO who abruptly left in January. AutoNation's Jackson, Magna's Stronach named to Automotive Hall of Fame http://www.autonews.com/article/20180425/OEM02/180429853/hall-of-fame-auto-jackson-stronach-toyoda-magliozzi Wed, 25 Apr 2018 16:33:23 EST AutoNation's Mike Jackson, Toyota's Kiichiro Toyoda, Magna's Frank Stronach and Car Talk's Ray and Tom Magliozzi will be inducted into the Automotive Hall of Fame. Tesla teardown uncovers tech prowess, production shortcomings http://www.autonews.com/article/20180425/OEM01/180429880/tesla-musk-teardown-criticism-manufacturing Wed, 25 Apr 2018 07:01:14 EST Tesla CEO Elon Musk has said the company was building advantages in the ability to make electric cars cheaply and efficiently. Those claims keep looking more questionable. FCA offering dealer incentives to push Rams through their loaner fleets http://www.autonews.com/article/20180425/RETAIL01/180429872/fca-spiffs-dealers-ram-us-monthly-sales Wed, 25 Apr 2018 10:26:50 EST FCA US, battling a decline in demand for Ram pickups, is offering added April incentives to dealers in the United States who add new trucks to service loaner fleets and count them as sales. GM to add third shift in Tennessee, plans Holden version of GMC Acadia http://www.autonews.com/article/20180425/RETAIL/180429860/gm-tennessee-shift-added-holden-gmc-acadia Wed, 25 Apr 2018 12:43:17 EST GM plans to reinstate a third shift at its assembly plant in Tennessee to meet growing demand in the United States for crossovers and add production of an all-new Holden version of the GMC Acadia. Congress to seek VW CEO's testimony in new cheating probe http://www.autonews.com/article/20180425/OEM02/180429877/congress-seeks-vw-emissions-testimony-diess Wed, 25 Apr 2018 07:49:01 EST A House committee has begun a new investigation into allegations of overseas emissions cheating by Volkswagen and was seeking testimony from VW CEO Herbert Diess. VW reaches $33.5 million diesel emissions settlement with Maryland http://www.autonews.com/article/20180425/OEM11/180429857/vw-emissions-scandal-settlement-maryland Wed, 25 Apr 2018 15:29:03 EST Volkswagen has reached a $33.5 million settlement with Maryland over state claims related to the German automaker's excess emissions, court documents show. Penske Q1 net soars behind broad gains http://www.autonews.com/article/20180425/RETAIL/180429859/penske-q1-net-soars-behind-broad-gains Wed, 25 Apr 2018 13:17:59 EST First-quarter net income at Penske Automotive Group soared 31 percent to $108 million, powered by profit gains across all areas of the auto retailer's business. BMW will export iX3 electric SUV to Europe, U.S. from China http://www.autonews.com/article/20180425/COPY01/304259974/bmw-ix3-beijing-export-china-us-europe Wed, 25 Apr 2018 01:25:22 EST BMW will export its first full-electric SUV, called the iX3, to global markets after it goes into production in 2020 at its joint-venture plant in China. GM banks on Chinese vehicle family to boost Brazil sales http://www.autonews.com/article/20180425/RETAIL/180429862/gm-china-brazil-sales Wed, 25 Apr 2018 11:39:58 EST GM is planning for long-term profitability in South America built on the back of draconian cost cutting during Brazil's recession and the same low-cost vehicles it is developing for Chinese markets. Bosch claims diesel technology breakthrough http://www.autonews.com/article/20180425/OEM06/180429878/bosch-diesel-breakthrough Wed, 25 Apr 2018 07:28:18 EST Bosch said its engineers have developed a diesel exhaust system that cuts emissions far below legal limits and can help automakers avoid potential driving bans in Europe. Bosch seeks to restore diesel reputation with new staff rules http://www.autonews.com/article/20180425/COPY01/304259930/bosch-diesel-scandal-reputation-staff-rules Wed, 25 Apr 2018 11:08:16 EST Bosch said it would teach 70,000 staff a new code of conduct by the end of this year in an effort to change the "mindset" of the supplier. Aston Martin says China spurring another horse-to-cars moment http://www.autonews.com/article/20180425/GLOBAL03/180429879/china-electric-vehicles-trend-aston-palmer Wed, 25 Apr 2018 07:15:45 EST China's policies to cut pollution are driving a rapid move toward electric vehicles in the world's biggest market and causing upheaval in the global auto industry, Aston Martin CEO Andy Palmer said. Lithia Q1 net rises 2.6 percent http://www.autonews.com/article/20180425/RETAIL/180429873/lithia-q1-profits-rise-deboer Wed, 25 Apr 2018 10:19:10 EST Lithia Motors' first-quarter net grew on strong service and parts and finance results, despite a drop in new-vehicle sales and narrowing gross profit margins. BMW's iX3 concept heralds electric expansion http://www.autonews.com/article/20180425/COPY01/304259973/bmws-ix3-concept-heralds-electric-expansion Wed, 25 Apr 2018 00:01:00 EST BMW previewed the expansion of full-electric cars into its core product lineup with the iX3 concept at the Beijing auto show. Infiniti QX80 seats highlighted in new ad http://www.autonews.com/article/20180425/VIRALVIDEO/304259999/infiniti-thrones-seats-viral-video Wed, 25 Apr 2018 00:01:00 EST Infiniti is touting the quality of its seats in the newest viral video to make our list. 2019 Lexus ES redesign goes sportier with F Sport edition http://www.autonews.com/article/20180424/OEM04/180429888/2019-lexus-es-f-sport-redesign Tue, 24 Apr 2018 23:00:00 EST Lexus is so confident in the performance chops of its redesigned ES sedan that it is giving the remake of one of its frumpiest nameplates an F Sport version for the first time. Nissan to bring Sentra EV, Leaf to China in electrification blitz http://www.autonews.com/article/20180424/OEM04/180429887/nissan-sentra-electric-leaf-china Tue, 24 Apr 2018 21:30:00 EST Nissan is accelerating its global electrification blitz by adding a full-electric version of the Sylphy small car in China as it chases global sales of 1 million electrified vehicles in five years. Calif. pension plan urged to divest automakers that skirt emissions rules http://www.autonews.com/article/20180424/OEM/180429886/calif-pension-plan-urged-to-divest-automakers-that-skirt-emissions Tue, 24 Apr 2018 18:51:32 EST A group of congressional Democrats representing California urged the state's pension system to divest stock from any automaker that follows the Trump administration's plan to relax light-vehicle emissions standards. Mercedes-Maybach is betting on a hybrid SUV-sedan look http://www.autonews.com/article/20180424/COPY01/304249983/beijing-auto-show-mercedes-mayback-electric-suv-concept Tue, 24 Apr 2018 04:00:00 EST Mercedes is betting on a hybrid SUV-sedan to attract wealthy Chinese buyers to its Maybach ultraluxury brand. Mercedes seeks to keep China luxury lead with stretched A class http://www.autonews.com/article/20180424/COPY01/304249979/beijing-auto-show-mercedes-a-class-luxury Tue, 24 Apr 2018 07:30:00 EST Mercedes aims to widen the brand's appeal to Chinese buyers with a long-wheelbase version of its latest A class. A farewell toast to the Jeep 'JK' Wrangler http://www.autonews.com/article/20180424/BLOG06/180429898/jeep-bids-farewell-to-jk-era-wrangler Tue, 24 Apr 2018 11:30:00 EST The two-door Jeep Wrangler JK and four-door Wrangler Unlimited JKU represent the bookend of a game-changing, if initially flawed, vehicle that was far successful beyond anyone's wildest dreams and unmatched by rivals. Asbury's Q1 net jumps 18 percent http://www.autonews.com/article/20180424/RETAIL/180429895/asburys-q1-net-jumps-18-percent Tue, 24 Apr 2018 12:19:20 EST Asbury Automotive's first-quarter profits jumped 18 percent, driven by FandI and parts and service gains, on a revenue increase approaching 4 percent. Melrose gets green light from UK for GKN takeover http://www.autonews.com/article/20180424/COPY01/304249936/melrose-gets-green-light-from-uk-for-gkn-takeover Tue, 24 Apr 2018 09:58:16 EST UK Business Minister Greg Clark said there were no national security grounds to intervene in turnaround specialist Melrose's takeover of British auto supplier GKN. Audi recalling 1.16 million vehicles worldwide over coolant pump issue http://www.autonews.com/article/20180424/OEM01/180429892/audi-recall-coolant-pump-safety Tue, 24 Apr 2018 13:48:15 EST Audi said it was recalling more than a million vehicles worldwide because of concerns that an electric coolant pump could overheat or short-circuit from moisture within the pump and pose a fire risk. Once an industry joke, electric buses start to dent oil demand http://www.autonews.com/article/20180424/OEM05/180429904/byd-electric-buses-oil-demand Tue, 24 Apr 2018 06:47:33 EST Suddenly, buses with battery-powered motors are a serious matter with the potential to revolutionize city transport -- and add to the forces reshaping the energy industry. Flying taxi start-up hires designer behind modern Mini, Fiat 500 http://www.autonews.com/article/20180424/OEM02/180429908/flying-taxi-startup-hires-designer Tue, 24 Apr 2018 04:12:39 EST Lilium, a startup with ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind several iconic cars such as the Mini, Fiat 500 and McLaren P1. GM, Volvo team with Amazon to deliver packages to customers' cars http://www.autonews.com/article/20180424/COPY01/304249998/gm-amazon-volvo-package-delivery-service Tue, 24 Apr 2018 07:00:00 EST General Motors and Volvo have partnered with Amazon to offer customers in-vehicle delivery of packages in the United States. Ferrari pushes possible EV launch beyond 2022 http://www.autonews.com/article/20180424/COPY01/304249978/ferrari-ev-launch-2022-frankfurt Tue, 24 Apr 2018 03:36:07 EST Ferrari Chairman Sergio Marchionne says the supercar brand will not launch a full-electric car until after its next business plan ends in 2022. PSA first-quarter revenue jumps 42% on Opel-Vauxhall acquisition http://www.autonews.com/article/20180424/COPY01/304249980/psa-earnings-quarter-acquisition-opel-vauxhall Tue, 24 Apr 2018 01:51:19 EST PSA revenue rose 42 percent to 18 billion euros ($22 billion) in the first quarter, lifted by its acquisition of Opel-Vauxhall last year. Car dealers competing with brands in auto subscription business http://www.autonews.com/article/20180423/RETAIL07/180429963/car-dealers-monthly-auto-subscriptions Mon, 23 Apr 2018 00:01:00 EST Some dealers are offering subscription programs to ensure the retailers remain relevant as automakers also experiment with the business model. Nissan's Infiniti readies platform for electrified cars http://www.autonews.com/article/20180423/OEM04/180429918/infiniti-electric-china-platform-nissan Mon, 23 Apr 2018 14:36:50 EST Nissan's Infiniti luxury brand will introduce an all-new platform for its entire range when it shifts to exclusively electrified powertrains in 2021. Car dealers fixated on costs http://www.autonews.com/article/20180423/RETAIL07/180429943/car-dealerships-cost-cutting Mon, 23 Apr 2018 00:01:00 EST Dealers are increasingly cutting costs across the board this year to offset narrowing margins, rising expenses and a potential economic downturn. Washington angles to check CFPB's power http://www.autonews.com/article/20180423/FINANCE_AND_INSURANCE/180429937/cfpb-regulation-republican-minorities Mon, 23 Apr 2018 00:01:00 EST Congressional efforts to limit the CFPB's power are moving in parallel with similar efforts by its leader. California bill would add muscle to franchise laws http://www.autonews.com/article/20180423/RETAIL07/180429932/california-franchise-laws Mon, 23 Apr 2018 00:01:00 EST A wide-ranging California bill that aims to strengthen the state's existing new-car dealer franchise laws is scheduled to have its first committee hearing today. VW's internal handling of emissions scandal 'unsatisfactory,' U.S. monitor finds http://www.autonews.com/article/20180423/COPY01/304239972/vws-internal-handling-of-emissions-scandal-unsatisfactory-u-s Mon, 23 Apr 2018 02:23:53 EST VW's independent monitor, former Deputy Attorney General Larry Thompson, has criticized the automaker's internal response to its emissions scandal, a German newspaper report said. Gentex Q1 net income up 14 percent as revenue softens http://www.autonews.com/article/20180423/OEM10/180429915/gentex-first-quarter-profits-rise Mon, 23 Apr 2018 15:53:36 EST Gentex said its first-quarter net income surged 14 percent from a year earlier as the mirror and electronics supplier managed to boost mirror deliveries despite a production glitch.