Automotive News Breaking News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Sat, 30 Jul 2016 06:00:00 EST Infiniti pumps up the power http://www.autonews.com/article/20160730/OEM06/308019992/infiniti-pumps-up-the-power Sat, 30 Jul 2016 00:01:00 EST Infiniti boss Roland Krueger is picking his battles to grow the premium brand. His strategy? Focus on what's under the hood. NAMAD: Prepare for a decline http://www.autonews.com/article/20160730/RETAIL/160729837/namad-prepare-for-a-decline Sat, 30 Jul 2016 00:01:00 EST The National Association of Minority Automobile Dealers is taking industry predictions of slowing new-vehicle sales seriously. Lincoln meets shoppers at the mall http://www.autonews.com/article/20160730/RETAIL01/308019997/lincoln-meets-shoppers-at-the-mall Sat, 30 Jul 2016 00:01:00 EST Lincoln has a new gambit to regain brand awareness among luxury shoppers. It's located between a Starbucks and a spa offering a "15-minute laser and light facial." Tesla mulling 2 theories to explain 'Autopilot' crash, report says http://www.autonews.com/article/20160729/OEM06/160729814/tesla-mulling-2-theories-to-explain-autopilot-crash-report-says Fri, 29 Jul 2016 14:06:00 EST Tesla told U.S. Toyota Group suppliers grapple with yen's impact on profits http://www.autonews.com/article/20160729/OEM10/160729803/toyota-group-suppliers-grapple-with-yens-impact-on-profits Fri, 29 Jul 2016 18:18:54 EST Toyota Group suppliers posted mixed financial results in the April-June quarter, reflecting varying levels of success coping with adverse exchange rates in the wake of the yen's sharp rise following the U.K.'s Brexit vote. FCA safety, recall oversight extended by NHTSA for another year http://www.autonews.com/article/20160729/OEM11/160729809/fca-safety-recall-oversight-extended-by-nhtsa-for-another-year Fri, 29 Jul 2016 15:23:43 EST NHTSA will require Fiat Chrysler Automobiles to continue meeting monthly with the agency on potential safety issues at the company for another year, extending a part of the automaker's 2015 consent order with the agency. American Axle Q2 net income rises 21% http://www.autonews.com/article/20160729/OEM10/160729805/american-axle-q2-net-income-rises-21 Fri, 29 Jul 2016 16:14:19 EST American Axle and Manufacturing's net income climbed 21 percent to $71 million in the second quarter from the year-earlier period, the supplier reported today. The company's revenue rose 2.1 percent to $1.02 billion in the quarter. Slight gains expected for July U.S. sales as analysts lower outlooks for 2016 http://www.autonews.com/article/20160729/RETAIL01/160729821/slight-gains-expected-for-july-u-s-sales-as-analysts-lower-outlooks Fri, 29 Jul 2016 11:40:01 EST U.S. new light-vehicle sales are forecast to rise slightly in July, helped by an extra weekend and sharply higher discounts from some automakers, amid more warnings the market is leveling off. New Dodge ad campaign launched with tagline 'Domestic. Not Domesticated' http://www.autonews.com/article/20160729/RETAIL03/160729807/new-dodge-ad-campaign-launched-with-tagline-domestic-not-domesticated Fri, 29 Jul 2016 15:53:24 EST Dodge is launching a new ad campaign with the tagline "Domestic. Not Domesticated." AutoNation expands TrueCar pilot, in latest sign of reconciliation http://www.autonews.com/article/20160729/RETAIL/160729808/autonation-expands-truecar-pilot-in-latest-sign-of-reconciliation Fri, 29 Jul 2016 15:32:35 EST After getting good results in an initial pilot program, AutoNation will expand its use of TrueCar to at least 23 more dealerships. Panasonic to raise about $3.9 billion from bonds to help fund Tesla gigafactory http://www.autonews.com/article/20160729/OEM05/160729810/panasonic-to-raise-about-3-9-billion-from-bonds-to-help-fund-tesla Fri, 29 Jul 2016 15:08:02 EST Panasonic Corp., the exclusive supplier of Tesla Motors' Model 3 lithium ion batteries, said today it would raise up to 400 billion yen ($3.86 billion) in corporate bonds primarily to invest in Tesla's gigafactory, Reuters reported. Tesla crash does little to sway public opinion on self-driving cars http://www.autonews.com/article/20160729/OEM06/160729812/tesla-crash-does-little-to-sway-public-opinion-on-self-driving-cars Fri, 29 Jul 2016 14:21:13 EST Consumers are more aware of self-driving cars, but slightly less interested in riding in them, according to two surveys conducted after a fatal crash of a Tesla equipped with self-driving technology. AutoNation Q2 profit slips 2.7% on lower unit sales http://www.autonews.com/article/20160729/RETAIL07/160729828/autonation-q2-profit-slips-2-7-on-lower-unit-sales Fri, 29 Jul 2016 07:45:00 EST AutoNation's net income dropped 2.7 percent to $112 million in the second quarter as it sold fewer vehicles and saw same-store gross profits from three of its four business operations fall. Tenneco boosts net income 10% in Q2 http://www.autonews.com/article/20160729/OEM10/160729818/tenneco-boosts-net-income-10-in-q2 Fri, 29 Jul 2016 13:31:16 EST Tenneco, the suburban Chicago supplier of ride-control and emission control systems, reported net income of $86 million in the second quarter, a 10 percent increase from the year-earlier period. Mazda profit falls on strong yen, lower N.A. sales http://www.autonews.com/article/20160729/OEM/160729826/mazda-profit-falls-on-strong-yen-lower-n-a-sales Fri, 29 Jul 2016 03:06:22 EST Mazda said quarterly profit fell 42 percent as foreign exchange rate losses hit earnings and sales slipped in North America and Japan. Visteon says it booked record $1.6 billion in new business during Q2 http://www.autonews.com/article/20160728/OEM10/160729838/visteon-says-it-booked-record-1-6-billion-in-new-business-during-q2 Thu, 28 Jul 2016 15:07:31 EST Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday. BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soars http://www.autonews.com/article/20160728/OEM10/160729834/borgwarner-adjusted-q2-earnings-improve-9-as-drivetrain-business Thu, 28 Jul 2016 16:16:27 EST BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statement. Lear Q2 earnings rise on gains in both seating and electronics http://www.autonews.com/article/20160728/OEM10/160729835/lear-q2-earnings-rise-on-gains-in-both-seating-and-electronics Thu, 28 Jul 2016 16:06:17 EST Lear reported a 55 percent increase in net income during the second quarter, thanks mostly to improvements in the company's seating and electronics units. The $282 million second-quarter net income rose sharply from $182 million last year. Apple taps BlackBerry talent as car project takes software turn, report says http://www.autonews.com/article/20160728/OEM06/160729829/apple-taps-blackberry-talent-as-car-project-takes-software-turn Thu, 28 Jul 2016 21:40:12 EST Apple hired the former head of BlackBerry's automotive software division as new leadership at the iPhone-maker's car team places increased emphasis on developing self-driving technology, people familiar with the project told Bloomberg. Mercedes pulls ad challenged by safety groups http://www.autonews.com/article/20160728/RETAIL03/160729833/mercedes-pulls-ad-challenged-by-safety-groups Thu, 28 Jul 2016 16:27:44 EST Mercedes-Benz USA is pulling an ad for the redesigned 2017 E-class sedan after consumer and safety advocates on Wednesday called the spot misleading in its depiction of the vehicle's driver-assist systems. Ford posts 9% decline in Q2 profit, warns of challenges ahead http://www.autonews.com/article/20160728/OEM/160729848/ford-posts-9-decline-in-q2-profit-warns-of-challenges-ahead Thu, 28 Jul 2016 07:15:00 EST Ford today said its second-quarter profit fell 9 percent to $1.97 billion and warned that the rest of the year would be 'much weaker than normal' as U.S. Group 1's Q2 profits flat, hit by storm expenses http://www.autonews.com/article/20160728/RETAIL/160729840/group-1s-q2-profits-flat-hit-by-storm-expenses Thu, 28 Jul 2016 11:24:10 EST Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S. Lithia's Q2 net rises 0.4% on used, service and parts gains http://www.autonews.com/article/20160728/RETAIL/160729844/lithias-q2-net-rises-0-4-on-used-service-and-parts-gains Thu, 28 Jul 2016 10:14:15 EST Lithia Motors' second-quarter profit and revenue increased, mostly as a result of gains in volume of used-vehicle sales and service and parts business. Penske Automotive's Q2 net slips 0.7% on currency, interest costs. http://www.autonews.com/article/20160728/RETAIL/160729842/penske-automotives-q2-net-slips-0-7-on-currency-interest-costs Thu, 28 Jul 2016 11:20:27 EST Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs. Wells Fargo faces U.S. probe over soldiers' car seizures, report says http://www.autonews.com/article/20160728/RETAIL/160729843/wells-fargo-faces-u-s-probe-over-soldiers-car-seizures-report-says Thu, 28 Jul 2016 10:28:20 EST Wells Fargo is facing a U.S. investigation into whether it improperly repossessed cars owned by members of the military, two people with knowledge of the probe told Bloomberg. Mercedes challenged over 'Drive Pilot' TV ad http://www.autonews.com/article/20160727/RETAIL03/160729855/mercedes-challenged-over-drive-pilot-tv-ad Wed, 27 Jul 2016 15:38:27 EST Consumer and auto safety advocates have called on the FTC to investigate Mercedes-Benz over a TV commercial for the 2017 E-class, saying the ad could mislead consumers by overstating the capability of automated driving systems available on the sedan. Federal-Mogul posts higher Q2 profit despite aftermarket, currency setbacks http://www.autonews.com/article/20160727/OEM10/160729856/federal-mogul-posts-higher-q2-profit-despite-aftermarket-currency Wed, 27 Jul 2016 15:24:45 EST Diversified supplier Federal-Mogul posted a $31 million profit in the second quarter, up 41 percent from the year-earlier period, driven by a gain in its powertrain unit. GM, aiming for strong 2016 finish, to hike truck output http://www.autonews.com/article/20160727/OEM01/160729857/gm-aiming-for-strong-2016-finish-to-hike-truck-output Wed, 27 Jul 2016 15:03:03 EST General Motors will boost production of pickups and SUVs in time for the traditionally brisk fall truck market, a top GM executive said Wednesday. Ferrari, Altair Product Design team up for next-gen vehicle platform http://www.autonews.com/article/20160727/OEM03/160729858/ferrari-altair-product-design-team-up-for-next-gen-vehicle-platform Wed, 27 Jul 2016 14:52:33 EST Ferrari is teaming up with longtime design, engineering and software partner Altair Product Design to create the company's next-generation vehicle platform. Elon Musk says it's 'pencils down' for Tesla's Model 3 http://www.autonews.com/article/20160727/OEM05/160729859/elon-musk-says-its-pencils-down-for-teslas-model-3 Wed, 27 Jul 2016 14:35:42 EST Tesla CEO Elon Musk said the final designs for Tesla's $35,000 electric Model 3 were locked up two weeks ago, and the company is moving forward on schedule to start producing them next summer. That was just the beginning of his remarks on Tuesday. Superior Industries more than doubles Q2 net income http://www.autonews.com/article/20160727/OEM10/160729864/superior-industries-more-than-doubles-q2-net-income Wed, 27 Jul 2016 12:28:38 EST Aluminum wheel supplier Superior Industries International more than doubled its net income in the second quarter from a year earlier, a gain the company attributed to higher shipments and increased use of its new plant in Mexico. UAW blasts Renault-Nissan for denying French lawmaker a meeting http://www.autonews.com/article/20160727/OEM01/160729862/uaw-blasts-renault-nissan-for-denying-french-lawmaker-a-meeting Wed, 27 Jul 2016 12:37:06 EST The UAW criticized the Renault-Nissan Alliance after it turned down a meeting with a member of the French parliament at its Canton, Miss., plant, which the UAW hopes to unionize. NextGear Capital will finance vehicle purchases at CarMax auctions http://www.autonews.com/article/20160727/RETAIL04/160729863/nextgear-capital-will-finance-vehicle-purchases-at-carmax-auctions Wed, 27 Jul 2016 12:31:54 EST NextGear Capital will finance dealers' purchases of used vehicles at CarMax's 68 auction locations starting Aug. 8. FCA boosts 2016 profit target as Jeep fuels Q2 rise http://www.autonews.com/article/20160727/OEM/160729868/fca-boosts-2016-profit-target-as-jeep-fuels-q2-rise Wed, 27 Jul 2016 07:47:14 EST Fiat Chrysler Automobiles raised its 2016 profit forecast after earnings in the second quarter rose 16 percent on robust demand for Jeep SUVs. Toyota, Mitsubishi, Volvo improve the most in J.D. Power APEAL Study http://www.autonews.com/article/20160727/RETAIL/160729866/toyota-mitsubishi-volvo-improve-the-most-in-j-d-power-apeal-study Wed, 27 Jul 2016 10:00:00 EST Toyota, Mitsubishi and Volvo had the largest improvements among brands with more than one nameplate in J.D. Power's latest study of new-vehicle appeal, while Porsche paced the industry for the 12th consecutive year. Mitsubishi Motors' Q1 operating profit tumbles 75% after mileage-cheating scandal http://www.autonews.com/article/20160727/OEM01/160729872/mitsubishi-motors-q1-operating-profit-tumbles-75-after-mileage Wed, 27 Jul 2016 06:48:53 EST Mitsubishi Motors reported a 75 percent plunge in fiscal first-quarter operating profit as domestic sales slumped after it admitted to overstating the fuel economy of some of its vehicles. Sonic Automotive's Q2 net income surges 54% http://www.autonews.com/article/20160726/RETAIL/160729890/sonic-automotives-q2-net-income-surges-54 Tue, 26 Jul 2016 14:11:42 EST Sonic Automotive's adjusted net income surged 54 percent in the second quarter to $22.8 million, largely on cost controls, as revenue and new-vehicle unit sales fell. Cars.com will buy DealerRater to create review giant http://www.autonews.com/article/20160726/RETAIL07/160729908/cars-com-will-buy-dealerrater-to-create-review-giant Tue, 26 Jul 2016 08:30:00 EST Third-party shopping site Cars.com will buy DealerRater -- a platform where consumers can write reviews about salespeople, dealerships and service shops -- creating what Cars.com says will be the largest dealer-review forum in the industry. Ally nearly doubles net income to $360 million in Q2 http://www.autonews.com/article/20160726/FINANCE_AND_INSURANCE/160729886/ally-nearly-doubles-net-income-to-360-million-in-q2 Tue, 26 Jul 2016 15:01:56 EST Ally Financial's second-quarter net income nearly doubled to $360 million, and net financing revenue grew 7.4 percent, as the lender increasingly focused on profitability over quantity of loans and leases. Federal grand jury probes FCA's U.S. sales http://www.autonews.com/article/20160726/RETAIL07/160729881/federal-grand-jury-probes-fcas-u-s-sales Tue, 26 Jul 2016 19:30:00 EST Some of Fiat Chrysler's U.S. dealers have begun receiving subpoenas to provide documents and or testimony to a federal grand jury in Detroit as part of a probe into the company's sales reporting practices. Tesla Model 3 could generate $20 billion in annual revenue, Musk says http://www.autonews.com/article/20160726/OEM05/160729880/tesla-model-3-could-generate-20-billion-in-annual-revenue-musk-says Tue, 26 Jul 2016 19:42:23 EST Tesla CEO Elon Musk said the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion. FCA earmarks $1.5 billion to build Ram 1500 pickups at Chrysler 200 plant http://www.autonews.com/article/20160726/OEM01/160729899/fca-earmarks-1-5-billion-to-build-ram-1500-pickups-at-chrysler-200 Tue, 26 Jul 2016 11:01:35 EST Fiat Chrysler will invest $1.48 billion to convert its Sterling Heights Assembly plant in suburban Detroit from unibody to body-on-frame construction to build the next-generation Ram 1500 pickup. FCA restates U.S. sales, says winning streak ended 3 years ago http://www.autonews.com/article/20160726/RETAIL01/160729893/fca-restates-u-s-sales-says-winning-streak-ended-3-years-ago Tue, 26 Jul 2016 13:30:00 EST Fiat Chrysler is changing the way it reports monthly U.S. sales to make the process more transparent, and as a result of the change, said its 75-month sales streak actually ended at 41 months, in September 2013. So sorry about your analysis http://www.autonews.com/article/20160726/BLOG06/160729882/so-sorry-about-your-analysis Tue, 26 Jul 2016 18:15:00 EST FCA US' move to revise the methodology it has used to report U.S. sales for 30 years and restating monthly results since January 2011 is unsettling. Clinton, if elected, plans to renegotiate NAFTA, UAW chief says http://www.autonews.com/article/20160726/OEM01/160729891/clinton-if-elected-plans-to-renegotiate-nafta-uaw-chief-says Tue, 26 Jul 2016 13:56:34 EST UAW President Dennis Williams said Democratic presidential candidate Hillary Clinton has assured him she would renegotiate the North American Free Trade Agreement if she is elected president. U.S. report says Tesla driver speeding in fatal Autopilot crash http://www.autonews.com/article/20160726/OEM11/160729889/u-s-report-says-tesla-driver-speeding-in-fatal-autopilot-crash Tue, 26 Jul 2016 14:29:12 EST A driver killed in the May 7 crash of a Tesla Motors car while using Autopilot driving-assist software was speeding, U.S. highway safety investigators said on Tuesday in a preliminary report that did not state a probable cause. Porsche to skip 2017 Detroit auto show http://www.autonews.com/article/20160726/OEM/160729895/porsche-to-skip-2017-detroit-auto-show Tue, 26 Jul 2016 12:41:03 EST Porsche will skip the Detroit auto show next year as part of plans to focus on trade shows in New York and its most important U.S. market for sports cars, Los Angeles. Fairlane Ford dealership porter killed in parking lot incident http://www.autonews.com/article/20160726/RETAIL/160729888/fairlane-ford-dealership-porter-killed-in-parking-lot-incident Tue, 26 Jul 2016 14:33:17 EST A porter at Fairlane Ford in suburban Detroit died after he was pinned in between two trucks Tuesday morning. The Dearborn Police Department said other dealership employees found the man around 7 a.m. Mobileye says Tesla contract won't be extended; tech supplier posts 76% gain in Q2 profits http://www.autonews.com/article/20160726/OEM06/160729901/mobileye-says-tesla-contract-wont-be-extended-tech-supplier-posts-76 Tue, 26 Jul 2016 10:24:00 EST Mobileye NV, an Israeli maker of driving-assistance chips and software, posted a surge in second-quarter earnings and revenue, but said its contract with Tesla would not be renewed after it expires. VW diesel emissions settlement approved by U.S. judge http://www.autonews.com/article/20160726/OEM/160729892/vw-diesel-emissions-settlement-approved-by-u-s-judge Tue, 26 Jul 2016 13:40:07 EST A federal judge granted preliminary approval for a $10 billion settlement in which Volkswagen AG will offer to buy back up to 475,000 polluting 2.0 liter diesel-powered vehicles.