Automotive News Breaking News Feed http://www.autonews.com News and commentary from the leader in North American automotive news en-us Fri, 28 Jul 2017 06:00:00 EST 2017 Fiat Chrysler diesel vehicles approved for sale by regulators http://www.autonews.com/article/20170728/OEM11/170729742/2017-fiat-chrysler-diesel-vehicles-approved-for-sale-by-regulators Fri, 28 Jul 2017 10:35:44 EST The EPA and California Air Resources Board said they approved FCA's request to sell 2017 diesel vehicles with updated emissions software after months of testing. Unions urge slowdown as self-driving car bills pick up speed http://www.autonews.com/article/20170728/MOBILITY/170729743/unions-urge-slowdown-as-self-driving-car-bills-pick-up-speed Fri, 28 Jul 2017 10:15:07 EST Labor unions are urging a slowdown as lawmakers fast track legislation to allow self-driving vehicles on the road, a potential boon to some union jobs and an existential threat to others. Visteon offsets U.S. slowdown with Q2 gains in China http://www.autonews.com/article/20170728/OEM10/170729744/visteon-offsets-u-s-slowdown-with-q2-gains-in-china Fri, 28 Jul 2017 09:51:33 EST Visteon said net income ramped up during the second quarter as the supplier offset a slowdown in the US with strong sales in China and product innovations. Musk risks missing the mainstream if Model 3 strays from $35,000 http://www.autonews.com/article/20170728/OEM05/170729745/musk-risks-missing-the-mainstream-if-model-3-strays-from-35000 Fri, 28 Jul 2017 07:53:15 EST Tesla's Model 3 handover party is Friday, but the $35,000 price tag is just a starting point. Many mainstream buyers will still find the electric sedan out of reach. Wells Fargo to refund $80 million to car loan customers http://www.autonews.com/article/20170728/FINANCE_AND_INSURANCE/170729746/wells-fargo-to-refund-80-million-to-car-loan-customers Fri, 28 Jul 2017 07:11:52 EST Wells Fargo said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance. Big U.S. auto discounts are bane to Asian automakers' profits http://www.autonews.com/article/20170728/RETAIL01/170729747/big-u-s-auto-discounts-are-bane-to-asian-automakers-profits Fri, 28 Jul 2017 06:40:48 EST Asian carmakers are taking hits to their profits from having to spend more to move metal in America. Nissan and Hyundai both said higher U.S. incentives dented Q2 profits. Rolls-Royce taps art world to raise custom game with new Phantom http://www.autonews.com/article/20170727/OEM03/170729767/rolls-royce-taps-art-world-to-raise-custom-game-with-new-phantom Thu, 27 Jul 2017 16:00:00 EST Rolls-Royce Motor Cars is ramping up the personalization options on the redesigned and re-engineered Phantom flagship limousine to allow owners to embed bespoke artwork behind glass in the dashboard. Feds seize $125,000 worth of pot in rail cars carrying imported Fords http://www.autonews.com/article/20170727/OEM01/170729760/feds-seize-125000-worth-of-pot-in-rail-cars-carrying-imported-fords Thu, 27 Jul 2017 15:48:54 EST For the second time this month, Ford vehicles imported to the U.S. from Mexico were found being shipped with marijuana. FCA Q2 operating profit rises 15% http://www.autonews.com/article/20170727/OEM/170729787/fca-q2-operating-profit-rises-15-on-n-a-maserati-gains Thu, 27 Jul 2017 07:00:00 EST Fiat Chrysler's second-quarter operating profit rose 15 percent to $2.19 billion, despite roughly flat shipments and revenue. FCA was able to do so with higher margins in North America and gains at Maserati. Group 1 Q2 net falls 16% on energy markets http://www.autonews.com/article/20170727/RETAIL07/170729773/group-1-q2-net-falls-16-on-energy-markets Thu, 27 Jul 2017 12:47:26 EST Group 1 said its second-quarter net income fell 16 percent on weakness in US markets impacted by low energy prices, particularly in Houston. Maserati spearheads FCA's push to electrified vehicles http://www.autonews.com/article/20170727/OEM04/170729761/marchionne-electrified-cars-maserati Thu, 27 Jul 2017 15:41:13 EST FCA plans for more than half of its lineup to be electrified by 2022, including all Maserati models following 2019, according to CEO Sergio Marchionne. U.S. upgrades probe into 1.33 million Ford Explorers over exhaust odors http://www.autonews.com/article/20170727/OEM11/170729752/u-s-upgrades-probe-into-1-33-million-ford-explorers-over-exhaust Thu, 27 Jul 2017 22:55:18 EST NHTSA is upgrading a probe into 1.33 million Ford Explorer SUVs over reports of exhaust odors in vehicle compartments and exposure to carbon monoxide that may be linked to crashes and injuries. U.S. likely to approve FCA's 2017 diesels, report says http://www.autonews.com/article/20170727/OEM11/170729754/u-s-likely-to-approve-fcas-2017-diesels-report-says Thu, 27 Jul 2017 17:51:20 EST U.S. and California regulators are expected to approve FCA's request to sell 2017 diesel vehicles, two sources told Reuters. Ally Financial chased margin, not volume, in Q2 http://www.autonews.com/article/20170727/FINANCE_AND_INSURANCE/170729755/ally-financial-chased-margin-not-volume-in-q2 Thu, 27 Jul 2017 17:44:54 EST Ally Financial's results took a hit in the second quarter from several factors, starting with lower originations, as the lender continued its strategy to pass up volume in favor of higher margins. Honda says Florida crash death could be linked to Takata inflator http://www.autonews.com/article/20170727/OEM11/170729756/honda-says-florida-crash-death-could-be-linked-to-takata-inflator Thu, 27 Jul 2017 17:15:47 EST Honda said a Takata airbag inflator ruptured in car crash last week in Florida, in what could be the 19th death worldwide linked to the supplier's faulty airbags. BorgWarner Q2 net income up 29 percent http://www.autonews.com/article/20170727/OEM10/170729757/borgwarner-q2-net-income-up-29-percent Thu, 27 Jul 2017 16:27:09 EST BorgWarner reported a 29 percent jump in net income for the second quarter, to $212 million, thanks in part to growth in its sales of drivetrains in China. 2018 Chevrolet Traverse will start at $30,875 http://www.autonews.com/article/20170727/OEM04/170729758/2018-chevrolet-traverse-will-start-at-30875 Thu, 27 Jul 2017 16:22:57 EST The 2018 Chevrolet Traverse will start at $30,875 including shipping, Chevy said Thursday, $1,280 more than the 2017 model. Marchionne expresses 'disgust' over FCA-UAW executive conspiracy http://www.autonews.com/article/20170727/OEM02/170729763/marchionne-expresses-disgust-over-fca-uaw-executive-conspiracy Thu, 27 Jul 2017 15:21:49 EST FCA CEO Sergio Marchionne expressed "disgust" over an alleged multimillion-dollar conspiracy involving the company's former labor-relations chief, Alphons Iacobelli. Ford's ride-share unit Chariot expands to New York http://www.autonews.com/article/20170727/MOBILITY/170729768/fords-ride-share-unit-chariot-expands-to-new-york Thu, 27 Jul 2017 13:52:53 EST Ford said that Chariot, the San Francisco-based shuttle service it acquired last year, will soon expand to New York. U.S. approves fix for more than 300,000 VW diesels http://www.autonews.com/article/20170727/OEM11/170729779/u-s-approves-fix-for-more-than-300000-vw-diesels Thu, 27 Jul 2017 12:01:16 EST The fix will include hardware and software upgrades, including replacing an emissions catalyst but will reduce vehicle fuel economy ratings by as much as 2 miles per gallon, VW said. House committee approves self-driving legislation, refines safety exemptions http://www.autonews.com/article/20170727/MOBILITY/170729774/house-committee-approves-self-driving-legislation-refines-safety Thu, 27 Jul 2017 12:35:08 EST The House Energy and Commerce Committee unanimously approved bipartisan legislation that would for the first time govern the manufacturing, testing and deployment of autonomous vehicles. Penske Automotive says Q2 net income rises 14 percent http://www.autonews.com/article/20170727/RETAIL07/170729775/penske-automotive-says-q2-net-income-rises-14-percent Thu, 27 Jul 2017 12:22:30 EST Penske Automotive reported a 14 percent gain in second-quarter net income, crediting increased business in used-vehicle sales, service and parts and finance and insurance. Ford recalls 117,000 vehicles for risk of seat belt failure http://www.autonews.com/article/20170727/OEM11/170729781/ford-recalls-117000-vehicles-for-risk-of-seat-belt-failure Thu, 27 Jul 2017 11:52:08 EST Ford is recalling nearly 117,000 vehicles because bolts in the seat, seat belt or seat belt buckle may fracture. KKR to acquire auto assets from S. Korea's LS Group for $943 million http://www.autonews.com/article/20170727/OEM10/170729790/kkr-to-acquire-auto-assets-from-s-koreas-ls-group-for-943-million Thu, 27 Jul 2017 06:40:58 EST Corporate buyout firm KKR said it agreed to buy auto parts and materials businesses from South Korea's LS Group for 1.05 trillion won ($943 million). Nissan posts 13% drop in Q1 profit on higher expenses, incentives http://www.autonews.com/article/20170727/OEM/170729792/nissan-posts-13-drop-in-q1-profit-on-higher-expenses-incentives Thu, 27 Jul 2017 06:26:28 EST Nissan posted a 13 percent drop in quarterly operating profit, as a rise in marketing and selling expenses, including incentives, offset a rise in global vehicle sales. Ex-Chrysler exec, widow of UAW VP charged with conspiracy http://www.autonews.com/article/20170726/OEM01/170729807/indictment-al-iacobelli-monica-morgan Wed, 26 Jul 2017 14:21:21 EST A U.S. grand jury in Detroit charged former FCA labor chief Alphons Iacobelli and the widow of a deceased UAW vice president in a broad conspiracy to pocket illegal money and gifts. U.S. House votes to kill CFPB rule barring mandatory arbitration in lending disputes http://www.autonews.com/article/20170726/FINANCE_AND_INSURANCE/170729819/u-s-house-votes-to-kill-cfpb-rule-barring-mandatory-arbitration-in Wed, 26 Jul 2017 11:18:21 EST The House voted 231 to 190 along strict party lines to kill a CFPB rule barring financial institutions from forcing customers to agree to take future disputes to arbitration. For GM and Ford, home is where the profits are http://www.autonews.com/article/20170726/OEM/307269870/for-gm-and-ford-home-is-where-the-profits-are Wed, 26 Jul 2017 18:49:20 EST North America is increasingly where the earnings are for Detroit's biggest automakers. But that's a source of heartburn as U.S. sales stall after seven straight years of growth. Ford profit edges up on lower tax rate http://www.autonews.com/article/20170726/OEM/170729825/ford-profit-edges-up-on-lower-tax-rate Wed, 26 Jul 2017 07:00:00 EST Foreign tax credits helped Ford's second-quarter net income rise 3.7 percent to $2.04 billion, but the automaker reduced its pretax profit outlook for the rest of the year amid declining U.S. sales. #8203; http://www.autonews.com/article/20170726/OEM02/170729798/indictment-says-former-uaw-president-confronted-holiefield-iacobelli Wed, 26 Jul 2017 18:59:08 EST Former UAW President Bob King attempted to investigate the spending and actions of the Vice President General Holiefield and FCA executive Alphons Iacobelli during his tenure leading the union. UAW hires outside counsel to lead internal investigation http://www.autonews.com/article/20170726/OEM02/170729799/uaw-hires-outside-counsel-to-lead-internal-investigation Wed, 26 Jul 2017 18:31:31 EST UAW President Dennis Williams said independent, outside counsel would lead an internal investigation into allegations that union officials were illegally funneled $1.2 million by FCA's former labor chief. Holiefield, future wife received $1.2 million from worker training funds, indictment says http://www.autonews.com/article/20170726/OEM02/170729800/holiefield-future-wife-received-1-2-million-from-worker-training Wed, 26 Jul 2017 17:57:11 EST While the UAW's General Holiefield negotiated with FCA at the bargaining table, he and his future wife were living luxuriously with money that was supposed to help train workers, prosecutors charged. Lear Q2 net rises 10% to $312 million http://www.autonews.com/article/20170726/OEM10/170729808/lear-q2-net-rises-10-to-312-million Wed, 26 Jul 2017 13:26:41 EST Lear posted a 10 percent increase in profit for the second quarter from growth in seating revenue and higher margins. The supplier reported net income of $311.9 million. N.Y. weighs #39;textalyzer' to combat distracted driving http://www.autonews.com/article/20170726/OEM11/170729805/n-y-weighs-textalyzer-to-combat-distracted-driving Wed, 26 Jul 2017 14:49:58 EST Imagine a Breathalyzer, but instead of measuring your blood-alcohol level, it measures your cellphone activity while behind the wheel. Porsche repeats as most appealing brand, Power says http://www.autonews.com/article/20170726/RETAIL01/170729822/porsche-repeats-as-most-appealing-brand-power-says Wed, 26 Jul 2017 10:00:00 EST Luxury brands again dominate the top spots in J.D. Power's latest study of new-vehicle appeal. Genesis debuted at No. 2, followed by BMW, Audi and Mercedes-Benz in the top five. Mercedes showcases its pickup http://www.autonews.com/article/20170726/VIRALVIDEO/307269999/mercedes-showcases-its-pickup Wed, 26 Jul 2017 11:30:00 EST Mercedes-Benz has finally added a pickup to its lineup and people have taken notice. Uber lawyers should be booted after aiding cover-up, Waymo says http://www.autonews.com/article/20170726/MOBILITY/170729820/uber-lawyers-should-be-booted-after-aiding-cover-up-waymo-says Wed, 26 Jul 2017 10:43:44 EST Waymo claims Uber had an accomplice in the theft of invaluable driverless technology trade secrets -- the ride-hailing giant's own lawyers. Hyundai faces weak outlook as U.S., China woes persist, dent Q2 results http://www.autonews.com/article/20170726/OEM/170729829/hyundai-faces-weak-outlook-as-u-s-china-woes-persist-dent-q2-results Wed, 26 Jul 2017 06:18:13 EST Hyundai posted its smallest quarterly net profit in five years, falling dismally short of estimates, and warned the second half of 2017 would be challenging as political headwinds hit sales in China and slow U.S. demand continues. Mary Barra: GM launching over-the-air updates 'before 2020' http://www.autonews.com/article/20170725/OEM06/170729843/barra-ota-2020 Tue, 25 Jul 2017 12:35:33 EST GM CEO Mary Barra said the company plans to launch a new electrical vehicle architecture and infotainment system capable of over-the-air updates "before 2020." GM Q2 net drops 42% on Europe restructuring http://www.autonews.com/article/20170725/OEM/170729869/gm-q2-earnings Tue, 25 Jul 2017 07:30:00 EST The discipline that helped GM beat Wall Street expectations for nine consecutive quarters will be put to the test in the coming months because several of its most profitable plants will temporarily close for retooling. VW exec Oliver Schmidt expected to plead guilty in emissions cheating case http://www.autonews.com/article/20170725/OEM02/170729849/vw-exec-oliver-schmidt-expected-to-plead-guilty-in-emissions Tue, 25 Jul 2017 11:23:54 EST Oliver Schmidt, one of the eight VW executives charged in the automaker's diesel emissions scandal, plans to plead guilty on August 4 in U.S. District Court in Detroit, a court spokesman said. Tesla Model S regains top safety rating with software update, Consumer Reports says http://www.autonews.com/article/20170725/OEM06/170729852/tesla-model-s-regains-top-safety-rating-with-software-update Tue, 25 Jul 2017 11:11:00 EST Tesla provided an over-the-air update in July to its software on the Model S to include automatic emergency braking at highway speeds. Asbury Automotive exits its used-only operations http://www.autonews.com/article/20170725/RETAIL04/170729838/asbury-automotive-exits-its-used-only-operations Tue, 25 Jul 2017 15:32:25 EST Asbury Automotive is closing its remaining Q auto stand-alone used-car stores to redirect investments that will deliver better returns. Asbury's Q2 net drops 13% to $32 million http://www.autonews.com/article/20170725/RETAIL/170729846/asburys-q2-net-drops-13-to-32-million Tue, 25 Jul 2017 11:54:15 EST Asbury Automotive's second-quarter net income dropped 13 percent to $31.9 million on lower profit margins per new and used vehicles sold. Israeli settles Mobileye insider trading case with U.S. regulators http://www.autonews.com/article/20170725/OEM10/170729841/israeli-settles-mobileye-insider-trading-case-with-u-s-regulators Tue, 25 Jul 2017 12:56:32 EST An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye before its takeover by Intel. Subaru sets modest price hike for '18 Impreza http://www.autonews.com/article/20170725/OEM/170729847/subaru-sets-modest-price-hike-for-18-impreza Tue, 25 Jul 2017 11:49:17 EST Subaru's fifth-generation Impreza is off to a strong start in the U.S. after a redesign last year, and the automaker isn't changing the starting price much for the 2018 model. Tesla buyers antsy for Model 3 keys months after $1,000 deposit http://www.autonews.com/article/20170725/OEM04/170729870/tesla-buyers-antsy-for-model-3-keys-months-after-1000-deposit Tue, 25 Jul 2017 07:52:27 EST Thousands of Tesla Model 3 reservation holders are in limbo, with deposits paid but little clarity about the status of their car -- when they'll get it or what they'll pay. Musk says Facebook's Zuckerberg naive about AI http://www.autonews.com/article/20170725/MOBILITY/170729839/musk-says-facebooks-zuckerberg-naive-about-ai Tue, 25 Jul 2017 14:33:40 EST Elon Musk insulted rival billionaire Mark Zuckerberg on Tuesday, escalating a tech wizard war of words over whether robots will become smart enough to kill their human creators. U.S. may revise 2021 fuel efficiency standards, freeze targets http://www.autonews.com/article/20170725/OEM05/170729860/u-s-may-revise-2021-fuel-efficiency-standards-freeze-targets Tue, 25 Jul 2017 10:07:39 EST The Transportation Department said it may revise auto fuel efficiency requirements starting with the 2021 model year, a year earlier than previously disclosed, and could adopt lower standards through 2025. BMW's Willisch to retire Aug. 1 as Americas chief http://www.autonews.com/article/20170725/OEM02/170729840/bmws-willisch-to-retire-aug-1-as-americas-chief Tue, 25 Jul 2017 13:37:56 EST After 21 years with BMW, including six in the U.S., Ludwig Willisch will retire as the company's Americas chief as of Aug. 1. The retirement of Willisch, 61, had been expected. %]