Automotive News Breaking News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Sat, 26 Jul 2014 06:00:00 EST Millennials drawn to car-sharing services, but eventually, they buy http://www.autonews.com/article/20140726/RETAIL/307289990/millennials-drawn-to-car-sharing-services-but-eventually-they-buy Sat, 26 Jul 2014 00:01:00 EST Car- and ride-sharing programs are changing the way city dwellers get around and the way millennials think about car ownership. AutoNation: Recalls crimp service http://www.autonews.com/article/20140726/RETAIL/307289967/autonation-recalls-crimp-service Sat, 26 Jul 2014 00:01:00 EST The record recalls this year are creating capacity bottlenecks in the service shops of the country's largest new-vehicle dealership group. Mitsubishi retools flagship Japan plant before hybrid push http://www.autonews.com/article/20140726/OEM01/307289992/mitsubishi-retools-flagship-japan-plant-before-hybrid-push Sat, 26 Jul 2014 00:01:00 EST Mitsubishi is overhauling its flagship assembly plant in Japan to slash production costs and boost capacity as it readies for increased output of plug-in hybrid vehicles. Strong retail demand to push U.S. sales higher in July, forecasts show http://www.autonews.com/article/20140725/RETAIL01/140729894/strong-retail-demand-to-push-u-s-sales-higher-in-july-forecasts-show Fri, 25 Jul 2014 14:44:59 EST The pace of auto sales has slowed slightly after hitting an eight-year high in June, but July's results are still shaping up to be at least 9 percent better than a year ago, according to four forecasts. Jaguar Land Rover cuts prices on 3 models in China in response to government probe http://www.autonews.com/article/20140725/GLOBAL03/140729882/jaguar-land-rover-cuts-prices-on-3-models-in-china-in-response-to Fri, 25 Jul 2014 19:40:31 EST Jaguar Land Rover will cut prices on 3 models by an average of $32,300 starting August 1, after the National Development and Reform Commission, China's state planner, launched an investigation into monopolistic prices in the auto industry, the... Ford, FBI investigating former engineer for possible espionage http://www.autonews.com/article/20140725/OEM/140729912/ford-fbi-investigating-former-engineer-for-possible-espionage Fri, 25 Jul 2014 06:38:11 EST An engineer recently fired by Ford is being investigated for possible espionage after the FBI found 8 listening devices installed in the company's world headquarters in Dearborn, Mich. ZF's pursuit of TRW may spark wave of mergers in supply chain http://www.autonews.com/article/20140725/OEM10/307259983/zfs-pursuit-of-trw-may-spark-wave-of-mergers-in-supply-chain Fri, 25 Jul 2014 00:01:00 EST The biggest auto-parts deal since 2007 may be just the start of consolidation, with Autoliv and Visteon among the next potential targets, analysts say. Fisker's Chinese owner plans 2nd model after Karma output resumes http://www.autonews.com/article/20140725/OEM05/140729883/fiskers-chinese-owner-plans-2nd-model-after-karma-output-resumes Fri, 25 Jul 2014 17:51:33 EST The Chinese owner of Fisker Automotive hopes to launch a second model that would join the $100,000 Karma luxury plug-in hybrid in three years, according to the company's chairman. Porsche Cayenne to offer new twin-turbo engine, plug-in hybrid for '15 http://www.autonews.com/article/20140725/OEM04/140729898/porsche-cayenne-to-offer-new-twin-turbo-engine-plug-in-hybrid-for-15 Fri, 25 Jul 2014 13:15:00 EST The freshened '15 Porsche Cayenne will offer a new twin-turbo engine, a plug-in hybrid model, and prices that range from 3 to 11 percent higher, when it goes on sale Nov. 1 in the United States. Lear profits rise on higher vehicle output, record seating volume, electrical gains http://www.autonews.com/article/20140725/OEM10/140729908/lear-profits-rise-on-higher-vehicle-output-record-seating-volume Fri, 25 Jul 2014 08:03:07 EST Lear's second-quarter profits rose to $148.5 million on higher light-vehicle output, record seating sales, and solid gains and expanded profit margins in its electrical distribution business.