Automotive News Breaking News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Thu, 30 Oct 2014 06:00:00 EST Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues http://www.autonews.com/article/20141030/OEM11/141039994/chrysler-recalls-33443-light-trucks-in-u-s-for-tire-pressure-issues Thu, 30 Oct 2014 09:30:52 EST Chrysler Group said that it was recalling 33,443 light trucks in two separate campaigns to prevent false warnings from the tire pressure monitor systems. Lithia's Q3 net rises 11% on 21% revenue gain http://www.autonews.com/article/20141030/RETAIL07/141039995/lithias-q3-net-rises-11-on-21-revenue-gain Thu, 30 Oct 2014 09:08:30 EST Lithia Motors today said its third-quarter net income increased 11 percent to $34.5 million, as revenue rose 21 percent to $1.30 billion, on double-digit revenue increases in all areas of operations. Hyundai plans to take on Toyota's Prius with new hybrid model http://www.autonews.com/article/20141030/OEM05/141039996/hyundai-plans-to-take-on-toyotas-prius-with-new-hybrid-model Thu, 30 Oct 2014 09:01:23 EST South Korea's Hyundai Motor said it is developing its first dedicated gas-electric car that would go up against Toyota's best-selling Prius. Airbag investigators focus on metal shards sprayed at crashes http://www.autonews.com/article/20141030/OEM11/141039998/airbag-investigators-focus-on-metal-shards-sprayed-at-crashes Thu, 30 Oct 2014 06:56:15 EST More details are emerging about accidents involving Takata airbags -- and the horrific injuries and subsequent lawsuits that resulted from them. VW Group Q3 profit jumps on record Audi, Porsche sales http://www.autonews.com/article/20141030/COPY01/310309946/vw-group-q3-profit-jumps-on-record-audi-porsche-sales Thu, 30 Oct 2014 04:37:19 EST VW Group posted higher-than-expected operating profit in the third quarter, boosted by strong demand for Audi and Porsche models in Europe and China. Earnings rose 16 percent to 3.23 billion euros ($4.07 billion), VW said. Maserati beats Ferrari in Q3 profit on Montezemolo exit http://www.autonews.com/article/20141029/COPY01/310299943/maserati-beats-ferrari-in-q3-profit-on-montezemolo-exit Wed, 29 Oct 2014 12:22:30 EST Maserati's quarterly profit topped Ferrari's for the first time since it became part of Fiat Group more than 25 years ago. The main reason was that Ferrari took a big financial hit to part ways with Luca Cordero di Montezemolo. Fiat Chrysler to spin off 10% of Ferrari, raise cash as debt surges http://www.autonews.com/article/20141029/OEM01/141029819/fiat-chrysler-to-spin-off-10-of-ferrari-raise-cash-as-debt-surges Wed, 29 Oct 2014 09:13:43 EST Fiat Chrysler Automobiles plans to spin off the Ferrari super-car brand, underpinning efforts to raise about $4.7 billion as the Italian-American carmaker counters rising debt. NHTSA steps up inquiry into defective Takata airbags http://www.autonews.com/article/20141029/OEM/141029802/nhtsa-steps-up-inquiry-into-defective-takata-airbags Wed, 29 Oct 2014 19:39:47 EST More than 18 months after Honda and other automakers announced recalls to fix exploding airbags, U.S. regulators are now asking the companies to speed up repairs. Lawmakers ask GAO to review NHTSA actions http://www.autonews.com/article/20141029/OEM11/141029803/lawmakers-ask-gao-to-review-nhtsa-actions Wed, 29 Oct 2014 16:47:08 EST Bipartisan leaders of a key House committee have asked Congress' independent watchdog arm for a review of the National Highway Traffic Safety Administration amid escalating concern over the agency's handling of the General Motors ignition switch and... Penske Automotive eyes more growth overseas, retail truck stores http://www.autonews.com/article/20141029/RETAIL07/141029815/penske-automotive-eyes-more-growth-overseas-retail-truck-stores Wed, 29 Oct 2014 10:04:56 EST Penske Automotive wants to grow by snapping up more car dealerships overseas and buying other businesses, such as heavy-duty retail truck stores. %]