Automotive News Breaking News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Sun, 14 Feb 2016 06:00:00 EST Why Musk's new directive at Tesla has become 'cash is king' http://www.autonews.com/article/20160214/RETAIL/302159926/why-musks-new-directive-at-tesla-has-become-cash-is-king Sun, 14 Feb 2016 00:01:00 EST Facing a flood of red ink from the slower-than-planned rollout of the Model X crossover, Tesla signaled that a new era of cash-flow consciousness is underway. The power of Roger Penske http://www.autonews.com/article/20160214/RETAIL/302159923/the-power-of-roger-penske Sun, 14 Feb 2016 00:01:00 EST Fifty years ago, Roger Penske launched one of his many careers - that of a race team owner. Mercedes-Benz gives early look at C-class convertible http://www.autonews.com/article/20160213/OEM04/160219926/mercedes-benz-gives-early-look-at-c-class-convertible Sat, 13 Feb 2016 13:00:00 EST Mercedes-Benz is giving a sneak peek of the C-class convertible it will unveil at the Geneva auto show in March. It is the first time Mercedes has offered a convertible variant in the C class family. Takata engineer refused to testify in airbag failure lawsuit http://www.autonews.com/article/20160213/OEM11/160219927/takata-engineer-refused-to-testify-in-airbag-failure-lawsuit Sat, 13 Feb 2016 08:18:35 EST A Takata engineer involved in testing the company's airbags invoked his constitutional right against self-incrimination in declining to testify in a lawsuit brought by a woman left paralyzed in a 2014 accident. New airbag devices cushion crash impacts by deploying outside vehicles http://www.autonews.com/article/20160213/OEM10/302159938/new-airbag-devices-cushion-crash-impacts-by-deploying-outside Sat, 13 Feb 2016 00:01:00 EST Auto parts suppliers makers are developing a new generation airbags that cushion the impact of a crash by deploying on the outside of a vehicle. Such devices have already appeared in Europe and are mainly aimed at protecting pedestrians in a crash. Can Kia pick Prius' lock on hybrid market? http://www.autonews.com/article/20160213/RETAIL01/302159909/can-kia-pick-prius-lock-on-hybrid-market Sat, 13 Feb 2016 00:01:00 EST Many automakers have tried and failed to lure customers away from the Toyota Prius hybrid. Kia thinks it can succeed with the Niro, its first built-from-scratch hybrid. Lexus tops BMW in U.S. registrations; 2015 luxury title in dispute http://www.autonews.com/article/20160212/RETAIL01/160219935/lexus-tops-bmw-in-u-s-registrations-2015-luxury-title-in-dispute Fri, 12 Feb 2016 14:32:45 EST Not so fast on BMW winning the 2015 U.S. luxury crown over Lexus and Mercedes. According to manufacturer-reported sales released last month, BMW won. But Polk said today that Lexus was tops in U.S. vehicle registrations last year with 340,392 vs. Elon Musk's vision is not for the faint of heart http://www.autonews.com/article/20160212/OEM06/160219942/elon-musks-vision-is-not-for-the-faint-of-heart Fri, 12 Feb 2016 09:39:52 EST Leave it to Elon Musk to make a company's stock jump nearly 5 percent a day after reporting widening losses -- all in the middle of a market selloff. Woman charged in GM Tech Center stabbing http://www.autonews.com/article/20160212/OEM/160219931/woman-charged-in-gm-tech-center-stabbing Fri, 12 Feb 2016 16:08:39 EST The woman accused of stabbing her mother at GM's Tech Center in Warren, Mich., was charged today with assault with intent to murder, according to a court official. American Axle Q4 net income rises, shares surge http://www.autonews.com/article/20160212/OEM10/160219944/american-axle-q4-net-income-rises-shares-surge Fri, 12 Feb 2016 08:40:16 EST American Axle and Manufacturing today reported record sales in 2015 after a strong fourth quarter thanks to record North American light vehicle sales. Mazda launches CX-9 production in Japan http://www.autonews.com/article/20160212/OEM01/160219946/mazda-launches-cx-9-production-in-japan Fri, 12 Feb 2016 06:22:09 EST Mazda has started production of it the redesigned CX-9 three-row crossover, a vehicle that plays a pivotal roll in the brand's strategy to expand sales. Panasonic starts China battery venture, develops new welding tech http://www.autonews.com/article/20160212/OEM10/160219938/panasonic-starts-china-battery-venture-develops-new-welding-tech Fri, 12 Feb 2016 11:54:53 EST Panasonic, the Japanese electronics giant revamping itself as an automotive supplier, has taken two more steps in that direction by establishing a new battery venture in China and developing a new technology for laser welding. Tower posts lower adjusted Q4 earnings as it gears up for major new business http://www.autonews.com/article/20160212/OEM10/160219940/tower-posts-lower-adjusted-q4-earnings-as-it-gears-up-for-major-new Fri, 12 Feb 2016 11:40:41 EST Tower, which makes heavy metal components and assemblies for cars and trucks, reported lower fourth-quarter adjusted earnings due to ramp-up costs stemming from a major new business that is supposed to spur earnings growth later this year. Lower-priced Sprinter van targets plumbers, electricians http://www.autonews.com/article/20160211/OEM04/160209823/lower-priced-sprinter-van-targets-plumbers-electricians Thu, 11 Feb 2016 08:30:00 EST Mercedes-Benz Vans USA is introducing a new, lower-priced Sprinter commercial van model in a bid to win over more plumbers, electricians and other tradespeople. GM Tech Center valet who pulled gun to stop stabbing suspended pending investigation http://www.autonews.com/article/20160211/OEM01/160219953/gm-tech-center-valet-who-pulled-gun-to-stop-stabbing-suspended Thu, 11 Feb 2016 14:15:04 EST The parking valet who stopped a stabbing at General Motors' Technical Center in Warren, Mich., on Wednesday by pulling out his concealed weapon remains employed. Penske Automotive says earnings improved 4.5% in Q4; stock rises http://www.autonews.com/article/20160211/RETAIL/160219960/penske-automotive-says-earnings-improved-4-5-in-q4-stock-rises Thu, 11 Feb 2016 11:35:57 EST Penske Automotive today posted mixed results for the fourth quarter as earnings from continuing operations improved but net income fell. The company said continuing operations income rose 4.5 percent to $73 million, but net income dropped 2. Toyota's TRD Pro version of Tacoma built to take on roughest terrain http://www.autonews.com/article/20160211/OEM04/160219955/toyotas-trd-pro-version-of-tacoma-built-to-take-on-roughest-terrain Thu, 11 Feb 2016 14:45:00 EST Toyota, fresh off launching the redesigned Tacoma late last year, is expanding the midsize truck's lineup with a high-performance off-road version. Toyota unveiled the Tacoma TRD Pro today at the Chicago Auto Show. Daimler to name Kaellenius randd head, German paper reports http://www.autonews.com/article/20160211/OEM02/160219956/daimler-to-name-kaellenius-rd-head-german-paper-reports Thu, 11 Feb 2016 12:55:18 EST Daimler AG is about to appoint its marketing and sales head Ola Kaellenius as head of research and development, Handelsblatt reported today. Ford's LaNeve stops short of confirming Bronco's expected return http://www.autonews.com/article/20160211/OEM02/160219957/fords-laneve-stops-short-of-confirming-broncos-expected-return Thu, 11 Feb 2016 12:32:42 EST The Bronco, one of Ford's storied nameplates, seems likely to be one of the four new utility vehicles coming to the Ford lineup in the next four years. But Ford's Mark LaNeve stopped just short of confirming it today. Kia adds plug-in hybrid to Optima lineup http://www.autonews.com/article/20160211/OEM04/160209827/kia-adds-plug-in-hybrid-to-optima-lineup Thu, 11 Feb 2016 10:15:00 EST Kia today unveiled the 2017 Optima Hybrid and Optima PHEV alongside the Niro, the company's first dedicated hybrid nameplate. The new models look similar to the Optima, yet they signal the scope of Kia's ambitions. Group 1 adjusted earnings fall in Q4; Brazil hurts bottom line http://www.autonews.com/article/20160211/RETAIL/160219972/group-1-adjusted-earnings-fall-in-q4-brazil-hurts-bottom-line Thu, 11 Feb 2016 07:30:00 EST Group 1's revenue increased in the fourth quarter, thanks to higher sales volumes in the U.S. and the United Kingdom, but its profit in the final three months of the year declined because of tighter margins on new cars, especially luxury vehicles. Kia hybrid crossover aims for Prius-like mpg http://www.autonews.com/article/20160211/OEM04/302119999/kia-hybrid-crossover-aims-for-prius-like-mpg Thu, 11 Feb 2016 10:15:00 EST With gas prices under $2 a gallon, fewer people are hunting for hybrids. But they are clamoring for crossovers, which may give Kia Motors a leg up in launching its first dedicated hybrid. One-time costs drag down BorgWarner Q4 net income http://www.autonews.com/article/20160211/OEM10/160219959/one-time-costs-drag-down-borgwarner-q4-net-income Thu, 11 Feb 2016 11:59:16 EST BorgWarner, which supplies fuel-saving turbochargers and emissions systems, reported higher adjusted earnings in the fourth quarter, but net income declined after several one-time charges. Hyundai freshens Santa Fe family amid U.S. production boost http://www.autonews.com/article/20160211/OEM04/160219978/hyundai-freshens-santa-fe-family-amid-u-s-production-boost Thu, 11 Feb 2016 12:00:00 EST As it retools its U.S. factory to build more crossovers for truck-loving Americans, Hyundai is updating the midsize Santa Fe and Santa Fe Sport. Nissan's half-ton Titan will have different, shorter chassis than Titan XD http://www.autonews.com/article/20160211/OEM04/160219962/nissans-half-ton-titan-will-have-different-shorter-chassis-than Thu, 11 Feb 2016 11:30:00 EST Nissan's half-ton Titan will ride on a completely different chassis than the new Titan XD, the automaker told a Chicago auto show audience today. Ram updates off-road offerings with freshened Power Wagon http://www.autonews.com/article/20160211/OEM04/160209825/ram-updates-off-road-offerings-with-freshened-power-wagon Thu, 11 Feb 2016 00:01:00 EST Ram is updating back-country, heavy-duty offerings for 2017 with a freshened Power Wagon trim and expanded off-road packages across its three-quarter-ton pickup lineup. Tesla revenue spikes on Model S demand, but Q4 losses grow to $320M http://www.autonews.com/article/20160210/OEM05/160219980/tesla-revenue-spikes-on-model-s-demand-but-q4-losses-grow-to-320m Wed, 10 Feb 2016 16:55:54 EST Tesla set a record for deliveries in the fourth quarter as customers ignored sagging oil prices and bought the Model S sedan, the maker of all-electric luxury cars said as it reported a net loss of $320 million, up from $108 million a year earlier. Will Japan's auto industry consolidate? http://www.autonews.com/article/20160210/OEM/160219991/will-japans-auto-industry-consolidate Wed, 10 Feb 2016 10:21:33 EST Japan's crowded auto industry is poised to look more like other major markets, with three or fewer carmakers left by the end of the decade. That's more than car-loving Germany or the far bigger U.S. market. Chevy freshens Trax as crossover competition multiplies http://www.autonews.com/article/20160210/OEM04/160209810/chevy-freshens-trax-as-crossover-competition-multiplies Wed, 10 Feb 2016 00:01:00 EST The Chevrolet Trax will get a new face and freshened interior for the 2017 model year, an effort to stay ahead of a slew of newcomers in the burgeoning market for subcompact crossovers. Nissan's Patrol platform yields a new Armada http://www.autonews.com/article/20160210/OEM04/160219985/nissans-patrol-platform-yields-a-new-armada Wed, 10 Feb 2016 19:00:00 EST The 2017 Armada will no longer share its underpinnings and Mississippi factory with the brawny Titan pickup. Camaro 1LE performance version will offer V-6 http://www.autonews.com/article/20160210/OEM04/160209806/camaro-1le-performance-version-will-offer-v-6 Wed, 10 Feb 2016 00:01:00 EST The Chevrolet Camaro 1LE track-ready performance model that debuts this week at the Chicago Auto Show will for the first time be offered with a V-6 engine under the hood. About 1 in 5 U.S. vehicles has open safety recall, Carfax says http://www.autonews.com/article/20160210/OEM11/160219981/about-1-in-5-u-s-vehicles-has-open-safety-recall-carfax-says Wed, 10 Feb 2016 16:21:55 EST Nearly one in five vehicles on U.S. roads is in need of repair of a safety issue serious enough to be involved in a federal government recall, according to used-car history provider Carfax. Subaru recalls 77,000 Tribecas for hood latch defect http://www.autonews.com/article/20160210/OEM11/160219982/subaru-recalls-77000-tribecas-for-hood-latch-defect Wed, 10 Feb 2016 15:58:06 EST Subaru is recalling 77,000 Tribeca SUVs from the 2006-14 model years in the U.S. for a defect that could cause the hood to unexpectedly open while driving. Cadillac prices XT5 below rivals, but aims high http://www.autonews.com/article/20160210/OEM04/160219987/cadillac-prices-xt5-below-rivals-but-aims-high Wed, 10 Feb 2016 12:09:27 EST The new 2017 Cadillac XT5 will have a base sticker price of $39,990, including shipping, when it hits showrooms in April -- about $1,400 more than its predecessor, the SRX, but considerably less than key competitors in the luxury midsize crossover... GM Tech Center employee stabbed on campus http://www.autonews.com/article/20160210/OEM01/160219986/gm-tech-center-employee-stabbed-on-campus Wed, 10 Feb 2016 12:33:45 EST A General Motors employee was in critical condition today after she was stabbed multiple times on the campus of the automaker's Technical Center in Warren, Mich. VW, Audi, BMW recall 1.7 million U.S. cars with Takata airbags http://www.autonews.com/article/20160210/OEM11/160219994/vw-audi-bmw-recall-1-7-million-u-s-cars-with-takata-airbags Wed, 10 Feb 2016 08:27:28 EST The Volkswagen Group of America is recalling about 850,000 vehicles due to potentially faulty airbags made by Japanese supplier Takata -- the company at the center of a long-running global safety crisis. GM ignition-switch deal will not be reviewed, U.S. judge rules http://www.autonews.com/article/20160210/OEM11/160219989/gm-ignition-switch-deal-will-not-be-reviewed-u-s-judge-rules Wed, 10 Feb 2016 11:29:47 EST A U.S. judge today rejected a request to reconsider his approval of a settlement fund to resolve more than a thousand lawsuits over deaths and injuries blamed on an ignition-switch defect that prompted GM to recall 2.6 million vehicles. Self-driving cars succumb to snow blindness as driving lanes disappear http://www.autonews.com/article/20160210/OEM06/160219995/self-driving-cars-succumb-to-snow-blindness-as-driving-lanes Wed, 10 Feb 2016 06:41:03 EST As automakers race to get robot cars on the road, they're encountering an obstacle very familiar to humans: Old Man Winter. Simple snow can render the most advanced computing power useless and leave vehicles dead on the highway. BMW drops to 3rd place in global luxury sales race during January http://www.autonews.com/article/20160210/GLOBAL/160219996/bmw-drops-to-3rd-place-in-global-luxury-sales-race-during-january Wed, 10 Feb 2016 06:30:58 EST BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes-Benz moved closer to a goal of unseating its rival this year. Nissan profit boosted by strong U.S. demand http://www.autonews.com/article/20160210/RETAIL01/160219999/nissan-profit-boosted-by-strong-u-s-demand Wed, 10 Feb 2016 04:28:42 EST Nissan reported a 24 percent increase in operating profit in the latest quarter on the back of booming North American sales and cost cutting. GM awards more business to ad agency Commonwealth http://www.autonews.com/article/20160209/RETAIL03/160209829/gm-awards-more-business-to-ad-agency-commonwealth Tue, 9 Feb 2016 10:24:10 EST Ad agency Commonwealth/McCann has added some more business from General Motors at the expense of Leo Burnett. Google's autonomous tech can be considered driver under federal law, NHTSA says http://www.autonews.com/article/20160209/OEM06/160209807/googles-autonomous-tech-can-be-considered-driver-under-federal-law Tue, 9 Feb 2016 20:12:06 EST U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads. GM mobilizes to build more small pickups http://www.autonews.com/article/20160209/OEM01/160209816/gm-mobilizes-to-build-more-small-pickups Tue, 9 Feb 2016 15:44:25 EST General Motors will increase production of the Chevrolet Colorado midsize pickup, which has been in tight supply since its debut 18 months ago, a company executive said today. EPA, SEMA at odds over proposed racecar rule http://www.autonews.com/article/20160209/OEM10/160209811/epa-sema-at-odds-over-proposed-racecar-rule Tue, 9 Feb 2016 17:10:22 EST A potential EPA ban on many road-to-racecar conversions has touched off a battle with the aftermarket industry, whose trade group says the move would reverse decades of agency policy and deal a blow to auto racing and the parts market. Tenneco adjusted earnings rise 23% in Q4, shares rise http://www.autonews.com/article/20160209/OEM10/160209818/tenneco-adjusted-earnings-rise-23-in-q4-shares-rise Tue, 9 Feb 2016 15:14:20 EST Tenneco's fourth-quarter adjusted earnings rose 23 percent to $80 million as the the supplier of emission-control systems and ride-control components today reported higher revenue generated from light vehicle production in North America, Europe and... GM recalling 473,000 SUVs, pickups in N.A. for brake pedal problems http://www.autonews.com/article/20160209/OEM11/160209814/gm-recalling-473000-suvs-pickups-in-n-a-for-brake-pedal-problems Tue, 9 Feb 2016 16:14:32 EST General Motors said it is recalling 473,000 pickups and SUVs in North America because brake pedals could fail due to a faulty nut. Applied Acoustics International names industry veteran Larry Hagood as CEO http://www.autonews.com/article/20160209/OEM10/160209815/applied-acoustics-international-names-industry-veteran-larry-hagood Tue, 9 Feb 2016 15:55:47 EST Applied Acoustics International, the sound barrier and noise dampening supplier created last week when UGN Inc. sold its automotive acoustics business, today named Larry Hagood, 56, as its CEO. Outstanding auto loans hit record http://www.autonews.com/article/20160209/FINANCE_AND_INSURANCE/160209820/outstanding-auto-loans-hit-record Tue, 9 Feb 2016 14:54:20 EST The outstanding U.S. auto-loan balance climbed to a record $987 billion in the fourth quarter on rising vehicle sales, Experian Automotive said in part one of its quarterly State of the Automotive Finance Market report. Toyota recalling 26,000 Scion FR-S sports cars http://www.autonews.com/article/20160209/OEM11/160209822/toyota-recalling-26000-scion-fr-s-sports-cars Tue, 9 Feb 2016 14:35:29 EST Toyota today said it is recalling 26,000 Scion FR-S sports cars from the 2013-16 model years because of an ignition key interlock issue. Bob Rossiter, who helped build and rebuild seating giant Lear, dies at 69 http://www.autonews.com/article/20160209/OEM02/160209828/bob-rossiter-who-helped-build-and-rebuild-seating-giant-lear-dies-at Tue, 9 Feb 2016 11:28:05 EST Former Lear CEO Bob Rossiter, who worked with the company for 40 years and led it through bankruptcy in 2009, died Sunday after a yearlong battle with cancer. %]