Automotive News Breaking News Feed http://www.autonews.com News and commentary from the leader in North American automotive news en-us Wed, 25 Apr 2018 06:00:00 EST Penske Q1 net soars behind broad gains http://www.autonews.com/article/20180425/RETAIL/180429859/penske-q1-net-soars-behind-broad-gains Wed, 25 Apr 2018 13:17:59 EST First-quarter net income at Penske Automotive Group soared 31 percent to $108 million, powered by profit gains across all areas of the auto retailer's business. BMW will export iX3 electric SUV to Europe, U.S. from China http://www.autonews.com/article/20180425/COPY01/304259974/bmw-ix3-beijing-export-china-us-europe Wed, 25 Apr 2018 01:25:22 EST BMW will export its first full-electric SUV, called the iX3, to global markets after it goes into production in 2020 at its joint-venture plant in China. Tesla teardown uncovers tech prowess, production shortcomings http://www.autonews.com/article/20180425/OEM01/180429880/tesla-musk-teardown-criticism-manufacturing Wed, 25 Apr 2018 07:01:14 EST Tesla CEO Elon Musk has said the company was building advantages in the ability to make electric cars cheaply and efficiently. Those claims keep looking more questionable. GM to add third shift in Tennessee, plans Holden version of GMC Acadia http://www.autonews.com/article/20180425/RETAIL/180429860/gm-tennessee-shift-added-holden-gmc-acadia Wed, 25 Apr 2018 12:43:17 EST GM plans to resume a third shift at its assembly plant in Tennessee to meet growing demand in the United States for crossovers and add production of an all-new Holden version of the GMC Acadia. Ford shakes up China network, names new leaders http://www.autonews.com/article/20180425/RETAIL01/180429861/ford-china-distribution-management-shakeup Wed, 25 Apr 2018 12:18:06 EST Ford said it's reorganizing its operations in China by simplifying its distribution network and appointing new leaders to replace the CEO who abruptly left in January. Congress to seek VW CEO's testimony in new cheating probe http://www.autonews.com/article/20180425/OEM02/180429877/congress-seeks-vw-emissions-testimony-diess Wed, 25 Apr 2018 07:49:01 EST A House committee has begun a new investigation into allegations of overseas emissions cheating by Volkswagen and was seeking testimony from VW CEO Herbert Diess. GM banks on Chinese vehicle family to boost Brazil sales http://www.autonews.com/article/20180425/RETAIL/180429862/gm-china-brazil-sales Wed, 25 Apr 2018 11:39:58 EST GM is planning for long-term profitability in South America built on the back of draconian cost cutting during Brazil's recession and the same low-cost vehicles it is developing for Chinese markets. FCA spiffs dealers to spin Rams through their loaner fleets http://www.autonews.com/article/20180425/RETAIL01/180429872/fca-spiffs-dealers-ram-us-monthly-sales Wed, 25 Apr 2018 10:26:50 EST FCA US, battling a decline in demand for Ram pickups, is offering added April incentives to dealers in the United States who add new trucks to service loaner fleets and count them as sales. Bosch claims diesel technology breakthrough http://www.autonews.com/article/20180425/OEM06/180429878/bosch-diesel-breakthrough Wed, 25 Apr 2018 07:28:18 EST Bosch said its engineers have developed a diesel exhaust system that cuts emissions far below legal limits and can help automakers avoid potential driving bans in Europe. Bosch seeks to restore diesel reputation with new staff rules http://www.autonews.com/article/20180425/COPY01/304259930/bosch-diesel-scandal-reputation-staff-rules Wed, 25 Apr 2018 11:08:16 EST Bosch said it would teach 70,000 staff a new code of conduct by the end of this year in an effort to change the "mindset" of the supplier. Aston Martin says China spurring another horse-to-cars moment http://www.autonews.com/article/20180425/GLOBAL03/180429879/china-electric-vehicles-trend-aston-palmer Wed, 25 Apr 2018 07:15:45 EST China's policies to cut pollution are driving a rapid move toward electric vehicles in the world's biggest market and causing upheaval in the global auto industry, Aston Martin CEO Andy Palmer said. Lithia Q1 net rises 2.6 percent http://www.autonews.com/article/20180425/RETAIL/180429873/lithia-q1-profits-rise-deboer Wed, 25 Apr 2018 10:19:10 EST Lithia Motors' first-quarter net grew on strong service and parts and finance results, despite a drop in new-vehicle sales and narrowing gross profit margins. BMW's iX3 concept heralds electric expansion http://www.autonews.com/article/20180425/COPY01/304259973/bmws-ix3-concept-heralds-electric-expansion Wed, 25 Apr 2018 00:01:00 EST BMW previewed the expansion of full-electric cars into its core product lineup with the iX3 concept at the Beijing auto show. Infiniti QX80 seats highlighted in new ad http://www.autonews.com/article/20180425/VIRALVIDEO/304259999/infiniti-thrones-seats-viral-video Wed, 25 Apr 2018 00:01:00 EST Infiniti is touting the quality of its seats in the newest viral video to make our list. 2019 Lexus ES redesign goes sportier with F Sport edition http://www.autonews.com/article/20180424/OEM04/180429888/2019-lexus-es-f-sport-redesign Tue, 24 Apr 2018 23:00:00 EST Lexus is so confident in the performance chops of its redesigned ES sedan that it is giving the remake of one of its frumpiest nameplates an F Sport version for the first time. Nissan to bring Sentra EV, Leaf to China in electrification blitz http://www.autonews.com/article/20180424/OEM04/180429887/nissan-sentra-electric-leaf-china Tue, 24 Apr 2018 21:30:00 EST Nissan is accelerating its global electrification blitz by adding a full-electric version of the Sylphy small car in China as it chases global sales of 1 million electrified vehicles in five years. Calif. pension plan urged to divest automakers that skirt emissions rules http://www.autonews.com/article/20180424/OEM/180429886/calif-pension-plan-urged-to-divest-automakers-that-skirt-emissions Tue, 24 Apr 2018 18:51:32 EST A group of congressional Democrats representing California urged the state's pension system to divest stock from any automaker that follows the Trump administration's plan to relax light-vehicle emissions standards. Mercedes-Maybach is betting on a hybrid SUV-sedan look http://www.autonews.com/article/20180424/COPY01/304249983/beijing-auto-show-mercedes-mayback-electric-suv-concept Tue, 24 Apr 2018 04:00:00 EST Mercedes is betting on a hybrid SUV-sedan to attract wealthy Chinese buyers to its Maybach ultraluxury brand. Mercedes seeks to keep China luxury lead with stretched A class http://www.autonews.com/article/20180424/COPY01/304249979/beijing-auto-show-mercedes-a-class-luxury Tue, 24 Apr 2018 07:30:00 EST Mercedes aims to widen the brand's appeal to Chinese buyers with a long-wheelbase version of its latest A class. A farewell toast to the Jeep 'JK' Wrangler http://www.autonews.com/article/20180424/BLOG06/180429898/jeep-bids-farewell-to-jk-era-wrangler Tue, 24 Apr 2018 11:30:00 EST The two-door Jeep Wrangler JK and four-door Wrangler Unlimited JKU represent the bookend of a game-changing, if initially flawed, vehicle that was far successful beyond anyone's wildest dreams and unmatched by rivals. Asbury's Q1 net jumps 18 percent http://www.autonews.com/article/20180424/RETAIL/180429895/asburys-q1-net-jumps-18-percent Tue, 24 Apr 2018 12:19:20 EST Asbury Automotive's first-quarter profits jumped 18 percent, driven by FandI and parts and service gains, on a revenue increase approaching 4 percent. Melrose gets green light from UK for GKN takeover http://www.autonews.com/article/20180424/COPY01/304249936/melrose-gets-green-light-from-uk-for-gkn-takeover Tue, 24 Apr 2018 09:58:16 EST UK Business Minister Greg Clark said there were no national security grounds to intervene in turnaround specialist Melrose's takeover of British auto supplier GKN. Audi recalling 1.16 million vehicles worldwide over coolant pump issue http://www.autonews.com/article/20180424/OEM01/180429892/audi-recall-coolant-pump-safety Tue, 24 Apr 2018 13:48:15 EST Audi said it was recalling more than a million vehicles worldwide because of concerns that an electric coolant pump could overheat or short-circuit from moisture within the pump and pose a fire risk. Once an industry joke, electric buses start to dent oil demand http://www.autonews.com/article/20180424/OEM05/180429904/byd-electric-buses-oil-demand Tue, 24 Apr 2018 06:47:33 EST Suddenly, buses with battery-powered motors are a serious matter with the potential to revolutionize city transport -- and add to the forces reshaping the energy industry. Flying taxi start-up hires designer behind modern Mini, Fiat 500 http://www.autonews.com/article/20180424/OEM02/180429908/flying-taxi-startup-hires-designer Tue, 24 Apr 2018 04:12:39 EST Lilium, a startup with ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind several iconic cars such as the Mini, Fiat 500 and McLaren P1. GM, Volvo team with Amazon to deliver packages to customers' cars http://www.autonews.com/article/20180424/COPY01/304249998/gm-amazon-volvo-package-delivery-service Tue, 24 Apr 2018 07:00:00 EST General Motors and Volvo have partnered with Amazon to offer customers in-vehicle delivery of packages in the United States. Ferrari pushes possible EV launch beyond 2022 http://www.autonews.com/article/20180424/COPY01/304249978/ferrari-ev-launch-2022-frankfurt Tue, 24 Apr 2018 03:36:07 EST Ferrari Chairman Sergio Marchionne says the supercar brand will not launch a full-electric car until after its next business plan ends in 2022. PSA first-quarter revenue jumps 42% on Opel-Vauxhall acquisition http://www.autonews.com/article/20180424/COPY01/304249980/psa-earnings-quarter-acquisition-opel-vauxhall Tue, 24 Apr 2018 01:51:19 EST PSA revenue rose 42 percent to 18 billion euros ($22 billion) in the first quarter, lifted by its acquisition of Opel-Vauxhall last year. Car dealers competing with brands in auto subscription business http://www.autonews.com/article/20180423/RETAIL07/180429963/car-dealers-monthly-auto-subscriptions Mon, 23 Apr 2018 00:01:00 EST Some dealers are offering subscription programs to ensure the retailers remain relevant as automakers also experiment with the business model. Nissan's Infiniti readies platform for electrified cars http://www.autonews.com/article/20180423/OEM04/180429918/infiniti-electric-china-platform-nissan Mon, 23 Apr 2018 14:36:50 EST Nissan's Infiniti luxury brand will introduce an all-new platform for its entire range when it shifts to exclusively electrified powertrains in 2021. Car dealers fixated on costs http://www.autonews.com/article/20180423/RETAIL07/180429943/car-dealerships-cost-cutting Mon, 23 Apr 2018 00:01:00 EST Dealers are increasingly cutting costs across the board this year to offset narrowing margins, rising expenses and a potential economic downturn. Washington angles to check CFPB's power http://www.autonews.com/article/20180423/FINANCE_AND_INSURANCE/180429937/cfpb-regulation-republican-minorities Mon, 23 Apr 2018 00:01:00 EST Congressional efforts to limit the CFPB's power are moving in parallel with similar efforts by its leader. California bill would add muscle to franchise laws http://www.autonews.com/article/20180423/RETAIL07/180429932/california-franchise-laws Mon, 23 Apr 2018 00:01:00 EST A wide-ranging California bill that aims to strengthen the state's existing new-car dealer franchise laws is scheduled to have its first committee hearing today. VW's internal handling of emissions scandal 'unsatisfactory,' U.S. monitor finds http://www.autonews.com/article/20180423/COPY01/304239972/vws-internal-handling-of-emissions-scandal-unsatisfactory-u-s Mon, 23 Apr 2018 02:23:53 EST VW's independent monitor, former Deputy Attorney General Larry Thompson, has criticized the automaker's internal response to its emissions scandal, a German newspaper report said. Gentex Q1 net income up 14 percent as revenue softens http://www.autonews.com/article/20180423/OEM10/180429915/gentex-first-quarter-profits-rise Mon, 23 Apr 2018 15:53:36 EST Gentex said its first-quarter net income surged 14 percent from a year earlier as the mirror and electronics supplier managed to boost mirror deliveries despite a production glitch. Court blocks Trump effort to delay boost in 'gas guzzler' fines http://www.autonews.com/article/20180423/OEM11/180429917/trump-court-blocks-gas-guzzler-fines Mon, 23 Apr 2018 15:20:37 EST Automakers will face steeper penalties if they fall short of annual federal fuel economy targets after an appeals court blocked a Trump administration move to delay a scheduled increase in the fines. Trump may tie Mexican immigration control to NAFTA http://www.autonews.com/article/20180423/OEM01/180429920/trump-mexico-nafta-immigration-politics Mon, 23 Apr 2018 13:16:23 EST President Trump threatened to make Mexican immigration control a condition of a new NAFTA agreement, saying the southern neighbor must stop illegal immigrants from getting into the United States. Activist investor turns up heat on Hyundai http://www.autonews.com/article/20180423/OEM01/180429926/activist-investor-turns-up-heat-on-hyundai Mon, 23 Apr 2018 06:27:25 EST Activist hedge fund Elliott Management dismissed Hyundai Motor Group's restructuring plan as insufficient on Monday and called on the South Korean conglomerate to adopt a holding company strategy and appoint more independent board members. 2019 Toyota Avalon gets price bump after redesign http://www.autonews.com/article/20180423/OEM04/180429924/2019-toyota-avalon-price Mon, 23 Apr 2018 07:40:56 EST The fifth-generation Toyota Avalon that goes on sale next month as a 2019 model shares almost nothing with the previous generation, including the pricing. GM Korea, union reach tentative wage deal http://www.autonews.com/article/20180423/OEM01/180429925/gm-korea-union-wage-deal Mon, 23 Apr 2018 06:56:26 EST GM's South Korean unit said that it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the automaker to prevent it filing for bankruptcy. Texas' Reagor Dykes group climbs used-car ranks http://www.autonews.com/article/20180423/RETAIL04/180429986/reagor-dykes-auto-group-lubbock-used-cars Mon, 23 Apr 2018 00:01:00 EST Reagor Dykes Auto Group, a budding powerhouse on Automotive News' list of the top 100 dealership groups in used retail sales, sells well beyond its west Texas base. GM brings Cadillac back into the fold http://europe.autonews.com/article/20180423/COPY/304239995/cadillac-de-nysschen-carlisle-gm-executive Mon, 23 Apr 2018 00:01:00 EST In ousting Johan de Nysschen and replacing him with Steve Carlisle, a company loyalist in the vein of CEO Mary Barra, GM appears to be signaling its desire to bring Cadillac back into the fold under a single, unified corporate vision that emphasizes... Infiniti plots more local production in China http://www.autonews.com/article/20180423/OEM01/180429958/infiniti-china-manufacturing Mon, 23 Apr 2018 00:01:00 EST Infiniti wants to triple its sales in China in five years by ramping up local production of five new nameplates. Nissan wants 9,000 stories renovated worldwide in next 5 years http://www.autonews.com/article/20180423/RETAIL07/180429936/nissan-dealership-renovations Mon, 23 Apr 2018 00:01:00 EST Nissan envisions renovating 9,000 of its 10,000 worldwide dealerships over the next five years. Ford rejects 9-speed offered by GM http://www.autonews.com/article/20180423/OEM01/180429934/ford-gm-9-speed-transmission Mon, 23 Apr 2018 00:01:00 EST Ford has elected not to use GM's nine-speed transmission out of the box, opting instead for two new eight-speed transmissions on vehicles such as the Ford Edge, Ford Transit Connect and Lincoln Nautilus. Honda sweetens lease deals, a little http://www.autonews.com/article/20180423/RETAIL01/180429944/hond-accord-lease-down-payment Mon, 23 Apr 2018 00:01:00 EST The discounted lease deal puts the Accord within striking distance of the Camry in strong lease markets such as California, Ohio and Florida. More BMW dealers will qualify for bonus program http://www.autonews.com/article/20180423/RETAIL07/180429946/bmw-more-dealer-bonuses Mon, 23 Apr 2018 00:01:00 EST BMW of North America won't change the major components of its controversial dealership bonus program for 2018, but it will relax some of the metrics it uses so that more dealerships should qualify for the payments. Continental managers, all women, encourage girls to consider tech jobs http://www.autonews.com/article/20180423/OEM06/180429989/women-auto-technology-future Mon, 23 Apr 2018 00:01:00 EST Automotive manufacturers are staffing up for a new wave of innovators to drive technological change, and many realize that they need a more diverse pool of talent -- especially women -- to get the job done. Florida dealership cafes taste like success http://www.autonews.com/article/20180423/RETAIL07/180429990/florida-dealership-cafe-chef Mon, 23 Apr 2018 00:01:00 EST At two Florida dealerships, food service is treated as a department unto itself, serving both customers and staff with a wide-ranging menu. Toyota goes out on a limb with V2V http://www.autonews.com/article/20180423/OEM06/180429991/toyota-v2v-dsrc Mon, 23 Apr 2018 00:01:00 EST Toyota is hoping to break an awkward silence in the discussion over getting vehicles to talk to one another.