Automotive News Breaking News Feed News and commentary from the leader in North American automotive news en-us Tue, 16 Oct 2018 06:00:00 EST 40 Automotive News is the leading source of news about the global automotive industry Paul Allen, Microsoft co-founder, TrueCar investor, dies at 65 Tue, 16 Oct 2018 11:33:16 EST Paul Allen, who co-founded Microsoft, a key supplier to the auto industry who used the fortune he made from the tech giant to invest in TrueCar, professional sports teams, cable TV and real estate, died on Monday. He was 65. Tesla's Supercharger network is the template for the hydrogen era Tue, 16 Oct 2018 11:45:00 EST A Tesla-like nationwide network of hydrogen fueling stations could help reduce the time it will take for fuel cell vehicles to become economically viable to manufacture. Why a NAFTA vote will likely wait until 2019 Tue, 16 Oct 2018 11:52:43 EST The renegotiated U.S. trade deal with Mexico and Canada won't get a vote in Congress this year, Senate Majority Leader Mitch McConnell said, setting up a potential fight with Democrats next year. New Goodyear service offers replacement tires at consumers' homes Tue, 16 Oct 2018 11:09:04 EST Goodyear Tire and Rubber hopes it can sell more tires by offering consumers an easier way to buy and install them, in an effort that may challenge franchised auto dealers. Uber gets IPO proposals at potential $120 billion valuation, report says Tue, 16 Oct 2018 10:56:25 EST Uber has recently received proposals from banks for an initial public offering valuing the ride-hailing company at as much as $120 billion, The Wall Street Journal reported. Elon Musk, Tesla settlement with SEC over tweets approved by U.S. judge Tue, 16 Oct 2018 09:52:23 EST A federal judge approved a $40 million settlement by Tesla and CEO Elon Musk with stock regulators, resolving claims that Musk misled the public on Twitter about a plan to take the company private. The dirt on 'clean' electric cars is just under the hood Tue, 16 Oct 2018 08:30:31 EST Every major carmaker has plans for electric vehicles to cut greenhouse gas emissions, yet their manufacturers are, by and large, making lithium ion batteries in places with some of the most polluting grids in the world. U.S. seeks Mexican steel export quotas, negotiator says Tue, 16 Oct 2018 08:13:02 EST The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico's incoming government said, adding the issue needed to be resolved within weeks. Audi fined $927 million by German prosecutors for diesel violations Tue, 16 Oct 2018 06:15:00 EST The luxury brand will not appeal the fine, and it said the penalty will have a significant impact on its annual earnings. Elon Musk says Tesla owners who ordered full self-driving EVs to get chip upgrade Tue, 16 Oct 2018 07:54:25 EST A new chip that improves Autopilot features will be available six months in advance to people who ordered the full self-driving version of the electric cars. Ford's new Territory crossover part of plan to regain lost ground in China Tue, 16 Oct 2018 07:44:36 EST Ford, while unveiling its new Territory crossover, said its plan to release a spate of new models will help turn around tumbling sales in the world's top auto market from the start of next year. TomTom loses Volvo contract Tue, 16 Oct 2018 07:13:20 EST That fed into concerns of critics who said a deal Google made last month with Renault, another TomTom customer, meant the company risked being relegated to third place in its main market. VW CEO says German automakers have 50% odds of remaining among 'global elite' over next decade Tue, 16 Oct 2018 06:30:00 EST VW CEO Herbert Diess says that Germany's automakers have a only 50 percent chance of remaining leading players in the fast-changing auto industry. Geely-backed flying-car developer Terrafugia starts taking orders Tue, 16 Oct 2018 06:00:00 EST Terrafugia, a U.S. flying-car developer owned by Chinese automaker Geely, has begun taking orders for its first product, the Transition, a two-seat aircraft that can switch between driving and flying modes in less than one minute. Trump rhetoric unhelpful for tariff talks, says EU's trade chief Tue, 16 Oct 2018 06:15:00 EST Cecilia Malmstrom, the EU's trade chief, said that some of President Donald Trump's rhetoric was unhelpful while she was trying to make progress in tariff talks and said the bloc would have to respond if Washington imposed tariffs on EU cars. Dealers collect what's left following Hurricane Michael Mon, 15 Oct 2018 16:13:49 EST It's been five days since hurricane Michael made landfall as a Category 4 hurricane, but the restoration for the affected dealerships and their communities could take years. Rand study shows it's hard to gauge self-driving car safety Mon, 15 Oct 2018 14:51:31 EST The great promise of automated vehicles is that they will be safer than human-driven ones, but finding the metrics to measure this is a complicated task that has no easy benchmarks. Car-shopping company Shift seeks to follow Carvana with 2020 IPO Mon, 15 Oct 2018 13:41:27 EST Shift, the five-year-old app-driven car shopping firm, could give auto retail group Lithia a chance to hedge against auto market disruption by cashing in on an IPO down the road. Paris auto show was a showcase for wagons, hatchbacks Mon, 15 Oct 2018 00:01:00 EST Europeans still are showing some love to wagons and hatchbacks even as sales of crossovers and SUVs boom, just as in the U.S. Porsche dealers brace for electric era Mon, 15 Oct 2018 00:01:00 EST Porsche faces a future in which its signature engines are replaced by electric motors. The automaker's retailers are suiting up for the challenge. Nissan's 6th-gen Altima hits new performance bar Mon, 15 Oct 2018 00:01:00 EST Nissan's sixth-generation Altima leverages the largest investment in powertrain in the company's history. Volvo focuses on safety for autonomous cars Mon, 15 Oct 2018 00:01:00 EST Volvo, with a bevy of new tools to ensure passenger safety, is shifting its safety strategy from passenger protection to accident prediction and avoidance, says the director of the Swedish carmaker's Car Safety Center. Has the conversation on sexism changed? Take our new survey Mon, 15 Oct 2018 00:01:00 EST Automotive News is conducting a survey of women currently working in the auto industry to discover if the conversation on sexism in the workplace has changed in the last year. Can Scott Keogh repeat his Audi success at VW? Mon, 15 Oct 2018 00:01:00 EST In taking control of parent Volkswagen and its namesake marque across North America, Scott Keogh again faces a struggle to lift a German brand. Elena Ford named chief customer experience officer Mon, 15 Oct 2018 12:00:47 EST Elena Ford, great-great-granddaughter of Henry Ford, will become Ford Motor's chief customer experience officer as of Nov. 1, the automaker said. Bill Ford joins list of those canceling visit to Saudi investor conference Mon, 15 Oct 2018 07:32:01 EST Ford Executive Chairman Bill Ford canceled a multistop trip to the Middle East, including a planned appearance at a Saudi investment conference this month, the company said on Sunday, the latest such cancellation after the disappearance of Saudi... Ford gripped by new tensions Mon, 15 Oct 2018 00:01:00 EST Ford has had a tough time getting others to understand and gain confidence in the early stages of CEO Jim Hackett's companywide restructuring, and salaried workers are now wondering about their future with the company as cuts loom. Opel sites searched by German prosecutors in diesel probe Mon, 15 Oct 2018 09:30:00 EST German prosecutors searched Opel's operations in Ruesselsheim and Kaiserslautern on Monday as part of a probe into possible diesel-emissions cheating. German luxury brands face twin hurdles in USMCA and Brexit Mon, 15 Oct 2018 00:01:00 EST Both Brexit and the USMCA have the potential of redrawing the map when it comes to the complex web of vehicle and component production. 5 questions for the man behind the Ford Edge ST Mon, 15 Oct 2018 00:01:00 EST Ford engineer Ed Krenz talks the future of the Ford Edge ST. Hyundai's Kona Electric has crossover niche to itself Mon, 15 Oct 2018 00:01:00 EST Hyundai is looking to upend the notion that families with EVs need a gasoline-powered backup vehicle. Porsche CFO envisions a VW 'super group' that could top Ferrari Mon, 15 Oct 2018 07:00:00 EST Porsche could be worth a fortune if listed with its sibling VW Group ultraluxury brands, finance chief Lutz Meschke said. South Korea's Mobis develops proving ground for self-driving technology Mon, 15 Oct 2018 00:01:00 EST South Korean supplier Hyundai Mobis, determined to catch up on self-driving technology, invested $300 million to equip its new proving grounds with multiple test tracks, including an intelligent transportation system course and what it calls the... NADA chairman Wes Lutz cautions dealers to question mobility 'hype' Mon, 15 Oct 2018 00:01:00 EST "Question the hype." That's Wes Lutz's advice on prognostications of how primary transportation models will change. GM offers extensions of factory warranties Mon, 15 Oct 2018 00:01:00 EST General Motors will begin offering extended bumper-to-bumper limited warranties on new vehicles, an offer that has some franchised dealers uneasy. Keeping auto retail disruption in perspective Mon, 15 Oct 2018 00:01:00 EST Big shifts are coming to the auto retail world, and dealers say they're getting ready for them. But don't fall for all the fantastical forecasts you hear, they caution. Opel to end production of Buick Cascada in 2019 Mon, 15 Oct 2018 00:01:00 EST Opel, General Motors' former European unit, said last week it plans to stop producing the Buick Cascada in 2019. Jay Wolfe Toyota's freebies pay for themselves Mon, 15 Oct 2018 00:01:00 EST Jay Wolfe Toyota sought a more meaningful incentive than extended powertrain warranties, which customers rarely get to use. Old Dana acquisitions position it for electrified future Mon, 15 Oct 2018 00:01:00 EST Dana looks to many like an old-school maker of 20th century parts. Jim Kamsickas has a different vision. French interiors supplier, Faurecia, has new ideas Mon, 15 Oct 2018 00:01:00 EST Faurecia chief Patrick Koller says new automakers are open to new approaches to interiors. Software giant SAP plans growth in connected car services Mon, 15 Oct 2018 00:01:00 EST A global software colossus wades deeper into the connected-car business. U.S. vehicle inventory matches slowing market Mon, 15 Oct 2018 00:01:00 EST Inventory levels have stabilized in a healthy range for most automakers over the last several months as companies continue to react to a slowing U.S. light-vehicle market by tapping the brakes on production. Lexus' UX will test market for flexible lease options Sun, 14 Oct 2018 00:01:00 EST The Lexus program is aimed at attracting first-time luxury buyers who prize the flexibility of a shorter commitment and a simpler payment structure. ID theft case shows dealers what to watch for Sun, 14 Oct 2018 00:01:00 EST A manager's skepticism may have helped prevent his dealership from being victimized by what prosecutors say was an identity-theft and car-trafficking ring with expensive taste that managed to fool at least five other stores in suburban New York City. Detroit's Techstars Mobility helps startups Sun, 14 Oct 2018 00:01:00 EST While Silicon Valley and Tel Aviv are the unparalleled hot spots for advanced automotive tech, Detroit has quietly nurtured its own startups. Material prices hammer the auto industry Sat, 13 Oct 2018 00:01:00 EST Automakers buy most of their steel in North America, but certain types #8212; such as stainless and electrical steel #8212; are imports subject to the 25 percent U.S. tariff. Genesis G70 finally appears, but mostly on TV Sat, 13 Oct 2018 00:01:00 EST A Genesis spokesman told Automotive News the first G70s have been shipped, and that the brand is expecting 100 to 200 dealers to have them by the end of the year. U.S. luxury auto sales race goes down to the wire Sat, 13 Oct 2018 00:01:00 EST The two top German luxury brands were nearly neck-and-neck going into the fourth quarter, with Mercedes-Benz eyeing a third consecutive year atop the U.S. luxury market. BMW warns trade war could hit 2019 results by up to $579M Fri, 12 Oct 2018 16:04:52 EST BMW expects a hit to earnings of up to half a billion euros ($579 million) in 2019 if tariffs between the United States and China remain in place, CFO Nicolas Peter said. Hyundai, Kia urged again to recall nearly 3 million crossovers, sedans in U.S. for fire hazard Fri, 12 Oct 2018 14:32:15 EST The Center for Auto Safety on Friday renewed calls for Hyundai and Kia to recall almost 3 million crossovers and sedans in the U.S. for potential noncollision fire risk. Automakers, lenders extend relief, assistance to Michael victims Fri, 12 Oct 2018 16:37:45 EST Several automakers and lenders are offering financial relief to customers and residents in communities affected by Hurricane Michael. UAW-VEBA loses seat on GM's board Fri, 12 Oct 2018 16:20:52 EST The UAW Retiree Medical Benefits Trust has forfeited its right to designate a nominee to GM's board of directors after divesting Borgward losses spur majority stake sale by China's Foton Fri, 12 Oct 2018 04:35:39 EST China's Foton plans to sell a 67 percent stake in Borgward as losses escalate at the German brand it revived four years ago. Tesla seeks patent for 'Teslaquila' Fri, 12 Oct 2018 13:49:20 EST What started as an April Fools' Day joke that left a poor taste in Tesla investors' mouths may soon become a reality. Tesla says orders placed by Oct 15. eligible for full tax credit Fri, 12 Oct 2018 06:41:24 EST Tesla said orders for cars placed by Oct. 15 will be eligible for a full federal tax credit of $7,500 and these customers will get their cars delivered by the end of the year. 35 finalists to vie for 2019 Automotive News PACE Awards Fri, 12 Oct 2018 11:00:00 EST Auto-parts suppliers specializing in sensor technology, artificial intelligence and connected mobility are among the 35 finalists for the 2019 Automotive News PACE Awards, announced Friday. Why lithium supplies will stay tight for years Fri, 12 Oct 2018 09:47:47 EST The market for lithium will remain tight through 2025 as producers struggle to lift output fast enough to meet demand, a top industry executive says. #MeToo hits Tata as Jaguar owner sends executive on leave Fri, 12 Oct 2018 06:10:57 EST Tata Motors sent its chief of corporate communications, Suresh Rangarajan, on leave following allegations of inappropriate behavior by him with female employees. Mercedes expects 62-mile electrified range on GLE plug-in hybrid Fri, 12 Oct 2018 00:45:00 EST Daimler could be the first automaker to offer a combustion engine car with a 62-mile electric range, when it launches the Mercedes GLE plug-in hybrid vehicle in the second half of next year. Why China auto sales are falling, and what happens next Fri, 12 Oct 2018 07:50:16 EST China's car market has been one of the most reliable engines of global growth for decades. Now that all might be coming to an end. Preparing employees for success results in a great place to work Thu, 11 Oct 2018 00:01:00 EST At 13 percent in 2017, employee turnover is strikingly low at Acura Turnersville, a Penske Automotive Group dealership on the outskirts of Philadelphia. Audi Chantilly General Manager Roger Kaiser meets with high school students to encourage career paths in auto retailing. Thu, 11 Oct 2018 00:01:00 EST At Faulkner Subaru Harrisburg, a robust training program keeps employee morale high and turnover low. Florida Panhandle dealerships take a significant hit from Hurricane Michael Thu, 11 Oct 2018 16:25:13 EST A service manager at a Chevrolet store in Quincy, Fla., was killed at his home as Hurricane Michael battered the state's Panhandle, with dealerships and automakers still assessing widespread damage from the powerful Category 4 storm. Arizona plans public, private automated vehicle research hub Thu, 11 Oct 2018 21:30:00 EST Arizona's governor signed an executive order establishing a public-private partnership that will form a research center and proving ground to help improve the safety of self-driving vehicles. Mercedes plans advanced self-driving tech for next S class Thu, 11 Oct 2018 00:01:00 EST Mercedes's next S class, which is due in 2020, will offer the brand's first Level 3 self-driving system capable of eyes-off conditional autonomy. Elon Musk, Tesla reaffirm settlement with SEC despite snarky tweets, Murdoch report denied Thu, 11 Oct 2018 06:20:04 EST Tesla Inc. and the SEC have put aside an insulting tweet by Elon Musk and asked a judge to accept a settlement of the fraud suit against the electric-car maker and its outspoken chief executive. NHTSA might turn on the auto industry's high-tech headlights Thu, 11 Oct 2018 14:17:31 EST U.S. auto safety regulators are moving to allow a new generation of brighter, self-dimming headlights that won't blind other drivers on the road ahead. Ford and WPP: Inside a 75-year advertising relationship Thu, 11 Oct 2018 12:35:48 EST Ford's stunning decision this week to replace WPP with BBDO as its lead creative ad agency upends a relationship that began 75 years ago, when Henry Ford was still steering the automaker. Why U.S. used vehicles price data is conflicting Thu, 11 Oct 2018 13:57:03 EST America's secondhand-vehicle market is throwing some economists and auto-industry analysts for a loop. Why Magna founder Frank Stronach is suing his family Thu, 11 Oct 2018 00:01:00 EST Magna founder Frank Stronach is suing his daughter and other family members in Ontario, alleging mismanagement of the family's assets and trust funds, according to Canadian media reports. How BMW gained control of its China joint venture Thu, 11 Oct 2018 02:35:51 EST BMW will take majority control of its main China joint venture for $4.2 billion, the first such move by a global automaker as Beijing relaxes ownership rules in the world's largest auto market. Magna lands key European seating work for BMW Thu, 11 Oct 2018 09:04:33 EST Magna International has opened a new seating factory in the Czech Republic that will employ 300 people and supply BMW in Europe. Why China's auto dealers want a major tax cut Thu, 11 Oct 2018 08:27:26 EST China's top auto dealers' association has asked the government to halve taxes on car purchases to revive faltering sales, as worries grow the country's auto market could shrink this year. GM's 2.7-liter turbo engine is in the wrong truck Wed, 10 Oct 2018 09:17:14 EST I'll give General Motors' new four-cylinder exactly one year in the redesigned Silverado before it fades into the Colorado and becomes a big success. A misfire of this magnitude is rare for GM these days. 2019 Chevy Silverado with 4-cylinder engine rated at 21 mpg combined Wed, 10 Oct 2018 08:00:00 EST The redesigned 2019 Chevrolet Silverado equipped with a new four-cylinder engine will achieve an EPA-estimated 21 mpg combined, which is close to entry-level pickup V-6 offerings from Ford and Fiat Chrysler that are rated 22 mpg combined. Audi's Keogh to succeed Woebcken as CEO of VW Group in North America Wed, 10 Oct 2018 11:00:00 EST Scott Keogh, who has steered Audi to 107 straight months of U.S. sales gains, will become CEO of parent Volkswagen Group's operations in North America on Nov. 1. He will succeed Hinrich Woebcken, who will become a strategy adviser. Tesla forced employees to 'renew vows' after media leaks Wed, 10 Oct 2018 17:04:20 EST A Tesla confidentiality document that's facing a legal challenge by the National Labor Relations Board originated as a response to several leaks of internal information to news organizations two years ago, an executive testified Wednesday. GM adds geopolitical consulting exec Jami Miscik to board Wed, 10 Oct 2018 11:44:49 EST The election of Miscik, 60, makes the board a 50/50 split between men and women for the third time in the company's 110-year-old history Will James Murdoch replace Elon Musk as Tesla chairman? Wed, 10 Oct 2018 15:03:37 EST Outgoing Twenty-First Century Fox CEO James Murdoch is the lead candidate to replace Elon Musk as Tesla chairman, the Financial Times reported, citing two people briefed on the discussions. Hurricane Michael poised to batter Florida with 145 mpg winds Wed, 10 Oct 2018 12:04:40 EST Hurricane Michael is hitting Florida's Panhandle as a Category 4 storm with winds of 100 mph or more, as many dealership owners in its path brace for what the National Hurricane Center is calling a "potentially catastrophic" storm. FTC orders D.C.-area dealership group to stop deceptive recall scheme Wed, 10 Oct 2018 14:49:16 EST A group of auto dealerships near Washington, D.C., and a California marketing firm settled claims they deceptively mailed more than 21,000 fake "urgent recall" notices to consumers, the FTC said. Mercedes will roll out GLC fuel cell crossover to help refine tech Wed, 10 Oct 2018 07:30:00 EST Mercedes will soon start handing over its GLC F-Cell model to fleet customers in a bid to refine its fuel cell technology through real-world testing. Nearly 200 2017-18 Ford GT supercars recalled over hydraulic fluid leak Wed, 10 Oct 2018 10:54:36 EST Ford issued a recall for 194 of its hand-built, 2017-18 GT supercars over a hydraulic fluid leak. Keogh-to-VW top job could turn out brilliantly, if Wolfsburg lets him run Wed, 10 Oct 2018 11:00:00 EST If I were a U.S. VW dealer, I'd be elated and hopeful at the news that Keogh will succeed Hinrich Woebcken on Nov. 1. Musk has 143 days before creditors start demanding their money Wed, 10 Oct 2018 08:40:33 EST With capital markets still minting bonds and loans by the trillions, it's still relatively comfortable runway for a company such as Tesla to secure a financial reprieve. Automakers criticize EU's 35% CO2 reduction target Wed, 10 Oct 2018 07:00:00 EST Automakers criticized a proposed 35 percent CO2 emissions reduction target for new cars in Europe saying the goal could hit the industry's competitiveness. Vietnamese carmaking startup VinFast gets $950 million credit line Wed, 10 Oct 2018 07:58:25 EST VinFast, which aims to become Vietnam's first domestic car manufacturer, said it has secured a 12-year credit facility for as much as $950 million to help buy machinery and equipment from German suppliers. FCA said to near sale of Magneti Marelli to KKR's Calsonic Wed, 10 Oct 2018 07:40:25 EST Fiat Chrysler is nearing a deal to sell its high-tech car-parts unit, Magneti Marelli, to Calsonic Kansei after the Japanese firm raised its bid, people with knowledge of the talks told Bloomberg. Ford starts production of Transit-based electric van in Germany Wed, 10 Oct 2018 07:15:00 EST Ford has started production of an electric delivery van using technology provided by Deutsche Post startup StreetScooter. Volvo, Nvidia expand autonomous driving collaboration Wed, 10 Oct 2018 06:30:00 EST Volvo will use chipmaker Nvidia's high-powered Drive AGX Xavier technology to help make its next-generation cars capable of up to hands-free Level 4 autonomous driving. Volvo has said it will offer a Level 4 autonomous driving by 2021.