Automotive News Automaker News Feed News, blogs and commentary from the leader in North American automotive news en-us Wed, 26 Oct 2016 06:00:00 EST Tesla's $22 million Q3 gain is second profit in company history Wed, 26 Oct 2016 16:31:59 EST For just the second time in its history as a public company, Tesla Motors reported net income, making $22 million net for the third quarter. Bob Lutz blasts Tesla, Musk, compares followers to a 'religious cult' Wed, 26 Oct 2016 15:26:49 EST Former General Motors Vice Chairman Bob Lutz, appearing on CNBC earlier today, blasted Tesla CEO Elon Musk -- and his followers. "Tesla supporters are like members of a religious cult," he told the business news network. Lear Q3 net income rises 18% to $214 million Wed, 26 Oct 2016 11:44:05 EST Seating and electronics supplier Lear reported an 18 percent rise in third-quarter net income to $214 million as its sales reached new heights. AutoNews Now: OnStar's Big Blue move Wed, 26 Oct 2016 15:15:00 EST OnStar's Big Blue move; Audi pulls out of Le Mans; Subaru, Ford recalls; LG to challenge Tesla in energy storage; Mercedes powers up E class; This driverless truck's for you. Nissan to stop making Mexican veteran Tsuru amid safety criticism Wed, 26 Oct 2016 11:56:53 EST Nissan said today it will stop production in May of the Mexican-built Tsuru, an economical and hardy sedan beloved by taxi drivers but often sold without airbags and widely criticized for its poor crash record. Audi pilots corporate car-sharing fleet in latest mobility push Wed, 26 Oct 2016 14:19:22 EST Audi of America is expanding its mobility services with a national corporate car-sharing fleet service it plans to roll out next year, the company said today. Spanish supplier Gestamp to invest $158.7 million into Mich. operations Wed, 26 Oct 2016 13:45:16 EST Gestamp North America Inc. plans to invest $158.7 million into its Michigan operations. The subsidiary of Madrid, Spain-based Gestamp Automoción SL plans to expand its plants in Chelsea, Mich., and Mason, Mich. Federal-Mogul posts Q3 gains as Icahn offer remains pending Wed, 26 Oct 2016 13:11:09 EST Federal-Mogul the diversified auto supplier that billionaire investor Carl Icahn is aiming to take private, today said it posted $15 million in third-quarter net income, up from a $63 million loss a year earlier. Amid industry turmoil, 'Thank God for F&I' Wed, 26 Oct 2016 10:45:00 EST Front-end margins are tightening, dealership-automaker relationships are on edge, and regulators are more stringent. Amidst all that, dealers love FandI. 2017 Mini Cooper Countryman becomes biggest in brand history Wed, 26 Oct 2016 11:20:46 EST While the next-gen 2017 Mini Cooper Countryman may have 'Mini' on the hood, it's actually the biggest vehicle in the brand's history. Mini increased the 2017 model's length by 7. Hyundai net income falls 11th straight quarter as strikes cut production Wed, 26 Oct 2016 06:33:25 EST Hyundai posted a drop in quarterly profit after labor strikes hurt domestic production and a stronger currency eroded repatriated earnings. Operating profit declined 29 percent to 1. Audi quits Le Mans to focus on electric car racing Wed, 26 Oct 2016 10:19:46 EST Audi will end its involvement in Le Mans next year after almost two decades to focus on racing electric cars. The move marks a shift in strategy as parent company Volkswagen Group battles to recover from its diesel-emissions scandal. Alfa will add a Giulia wagon to boost European sales Wed, 26 Oct 2016 08:06:07 EST Alfa Romeo will launch a station wagon version of its Giulia sedan in Europe late next year to help boost sales of the key model, people briefed on the matter said. Subaru to recall 100,000 U.S. turbocharged vehicles for faulty pump Wed, 26 Oct 2016 10:02:05 EST Subaru of America will recall about 100,000 vehicles equipped with turbocharged engines over increased risk of a fire. First Shift: Scion says 'sayonara' Wed, 26 Oct 2016 08:30:00 EST Scion says 'sayonara'; Hyundai profit drops; Toyota recalls 5.8 million vehicles; Takata names ethics chief; OnStar meets IBM's Watson; Asbury's Arkansas exit; Party cars? Apple said to develop car operating system in BlackBerry country Wed, 26 Oct 2016 07:12:50 EST Apple has dozens of software engineers in Canada building a car operating system, a rare move for a company that often houses research and development projects close to its Cupertino, Calif. GM to use IBM's Watson AI software for new OnStar Go service Wed, 26 Oct 2016 06:55:20 EST General Motors and International Business Machines Corp. plan to combine IBM's artificial intelligence software Watson with the automaker's OnStar system in order to market services to drivers in their vehicles. PSA's Q3 revenue falls 5% as Europe wobble follows China weakness Wed, 26 Oct 2016 05:40:38 EST PSA Group reported a 5 percent drop in third-quarter revenue, hurt by plunging sales in China and a weaker performance in Europe, where deliveries fell 4.3 percent. Toyota recalls nearly 1.5 million cars in Europe over Takata airbags Wed, 26 Oct 2016 05:14:01 EST Toyota is recalling about 5.8 million cars worldwide, including 1.47 million in Europe, over potentially faulty airbag inflators made by Takata. The recall includes the Yaris and Corolla. Mercedes plans two powerful E-class variants Tue, 25 Oct 2016 18:00:00 EST Mercedes-Benz's latest E-class sedans went on sale in June and now the automaker has shed light on two high-performance variants. Both models, Mercedes said, are the most powerful E-class variants of all time. Germany's VW probe hasn't implicated leading execs, prosecutors say Tue, 25 Oct 2016 05:57:43 EST German prosecutors investigating Volkswagen Group say they have a "fairly good" picture of how the diesel-cheating scandal evolved and that doesn't include any clear-cut link between the automaker's top executives and decisions to implement the... Mercedes X class will target families, outdoor enthusiasts Tue, 25 Oct 2016 12:37:02 EST Mercedes unveiled two concepts for its first pickup that will go on sale next year called the X class. The midsize vehicle will target families, outdoor enthusiasts and commercial customers in Europe, Latin America, South Africa and Australia. Renault Q3 revenue rises 13% on new models, European recovery Tue, 25 Oct 2016 12:21:37 EST Renault recorded a 13 percent increase in third-quarter revenue, as a recovering European market lifted sales of its new Megane and Kadjar models. GM's Q3 net more than doubles to $2.77 billion Tue, 25 Oct 2016 07:30:00 EST General Motors today said its net income more than doubled to a third-quarter, post-bankruptcy high of $2.77 billion, as its focus on retail sales in the U.S. bolstered transaction prices. Johnson Controls spinoff Adient to move headquarters from Milwaukee to metro Detroit Tue, 25 Oct 2016 15:26:31 EST Johnson Controls spinoff and soon-to-be new public company Adient is doubling down in the Detroit area. AutoNews Now: Marchionne's profit margin mission Tue, 25 Oct 2016 15:15:00 EST Marchionne's profit margin mission; Barra on autonomous cars: Safety first; VW diesel settlement gets final OK; Poor ratings for pickup-truck headlights; Benz pickup concept. Uber begins self-driving truck deliveries with 50,000 cans of Budweiser Tue, 25 Oct 2016 14:08:14 EST Otto, the autonomous-truck company bought by Uber in August, completed its first self-driving shipment last week, transporting more than 50,000 cans of Budweiser to Colorado Springs, Colo., from Fort Collins, Colo., the company said in a statement. VW's $14.7 billion court settlement over diesel vehicles approved by U.S. judge Tue, 25 Oct 2016 11:14:21 EST A federal judge today approved VW'w record-setting $14.7 billion settlement with regulators and owners of 475,000 polluting diesel vehicles, and the German automaker said it would begin buying back the vehicles in mid-November. The Mazda Miata and Fiat 124 Spider: The future of platform sharing? Tue, 25 Oct 2016 11:00:00 EST The Fiat 124 Spider is a rare car. Not just because its U.S. sales (so far) are miniscule, but because it's better than the car that spawned it, the Mazda MX-5 Miata. Audi A3's fwd version to get more powerful engine, new transmission Tue, 25 Oct 2016 11:31:37 EST The entry-level Audi A3 compact sedan and convertible will get a new engine and transmission combo for the 2017 model year that offers more power and fuel efficiency than its predecessors. GM narrows Q3 loss in Europe but takes Brexit hit Tue, 25 Oct 2016 08:20:10 EST GM narrowed its third-quarter loss in Europe but warned that achieving its target to break even in Europe this year would be "very challenging" after the UK's vote to quit the EU. The collapse of the pound has hit the automaker's European operations. Fiat Chrysler Q3 adjusted earnings rise 29 percent, recall costs weigh Tue, 25 Oct 2016 07:49:13 EST Fiat Chrysler Automobiles today reported adjusted earnings before interest and taxes of 1.5 billion euros ($1.63 billion) for the third quarter, up 29 percent, on flat revenues and despite some headwinds in North America, its largest market. 2017 Chevy Trax first drive: Refreshed crossover gets a familiar face Tue, 25 Oct 2016 10:55:32 EST The Chevy Trax has spent just a few years on sale in the U.S., but it's been largely unchanged since its global launch in 2013. That, well, changes for 2017. Ford's final Taurus -- for a while -- rolls off the line Tue, 25 Oct 2016 11:00:00 EST The last Ford Taurus, at the time, is built on Oct. 27, 2006, at the automaker's Atlanta assembly plant. Tech, an unusual name and a bit of Porsche: Geely Automobile's Lynk & CO 01 and what people are saying Tue, 25 Oct 2016 11:00:00 EST Geely Automobile's new global brand, Lynk and CO, will start sales of its first model, an SUV developed with Volvo Cars, in 2018 in Europe and the U.S. Here's a look at what people are saying about the Lynk and CO 01. 2017 Buick LaCrosse: Stylish, spacious, but with full-on luxury pricing at the high end Tue, 25 Oct 2016 11:00:00 EST Buick has rebuilt its full-size LaCrosse sedan from the wheels up, installing a new, more powerful drivetrain, new suspension and upgraded interior. Even the grille is all new. Here's what reviewers are saying: VW, BMW, Ford, Nissan seek Africa car-industry fixes Tue, 25 Oct 2016 03:56:45 EST VW, BMW, Ford and Nissan are among automakers seeking to work with Kenyan authorities to develop an auto-manufacturing industry in the east African country, building on talks with Nigerian lawmakers about their own market. Nissan-Renault open to partnerships to develop new car technologies Tue, 25 Oct 2016 07:45:14 EST Nissan and Renault are open to partnerships with other companies to develop new technologies as automakers race to develop the cars of the future, Ogi Redzic, the automakers' connected vehicles chief said. First Shift: GM, FCA post Q3 profits Tue, 25 Oct 2016 08:30:00 EST GM earns $2.77 billion; Jeep helps FCA reverse Q3 loss; Make cybersecurity part of product planning, NHTSA says; Hyundai executives take pay cut; Continental's hands-free car keys. Bill Ford says future of cars is in Detroit, not Silicon Valley Tue, 25 Oct 2016 06:46:45 EST Bill Ford is tired of hearing the future of cars belongs to Silicon Valley. Yet for years, the Apple and Google crowd have been telling him that only Big Tech can make driverless vehicles. Schaeffler launches new engine-parts operation in China Tue, 25 Oct 2016 04:29:56 EST German supplier Schaeffler has launched an operation to manufacture engine parts at its factory complex in the east China city of Nanjing. Map provider Here forms partnership with Alibaba Tue, 25 Oct 2016 04:16:31 EST Here, a major automotive provider of maps for onboard navigation systems owned by BMW, Mercedes and Audi, says it has formed a partnership with China's Alibaba to offer maps, traffic updates and navigation to Alibaba's customers. Tata management shake-up could slow group's debt reduction process Tue, 25 Oct 2016 05:07:34 EST Tata Sons' shock move to oust Cyrus Mistry and his core team of advisors and bring back Ratan Tata as chairman of the conglomerate could lead to delays in the group's bid to reduce its debt load across its businesses, analysts say. Hyundai group execs to take 10 percent pay cut Tue, 25 Oct 2016 06:24:35 EST Hyundai Motor Group said about 1,000 of its executives will take a 10 percent pay cut, the first such move in seven years at South Korea's second-largest conglomerate that shows the harsh impact of market share woes and labor strife at its flagship... Jeep owner gets surprise from the junkyard Mon, 24 Oct 2016 00:01:00 EST The redesigned 2018 Jeep Wrangler hasn't gone into production yet, but one man can already call himself an owner. Or at least could - partially. Tesla's flawed defense of direct sales Mon, 24 Oct 2016 00:01:00 EST The arguments that Tesla uses to defend its retail strategy are wrong, writes analyst Maryann Keller in a guest opinion piece. Tesla to install self-driving hardware in all new vehicles Mon, 24 Oct 2016 00:01:00 EST Tesla Motors Inc. will equip all models it builds from now on with hardware that enables fully autonomous driving, says CEO Elon Musk. Chinese tech firm learns lesson in auto logistics Mon, 24 Oct 2016 00:01:00 EST LeEco unveiled an autonomous electric-vehicle concept called the LeSee Pro at a lavish event in San Francisco last week EU official urges VW to do more for European customers hit by emissions scandal Mon, 24 Oct 2016 12:07:30 EST EU consumer champion Vera Jourova has sought to ramp up pressure on VW Group to compensate European owners of diesel vehicles rigged to cheat pollution controls. She has asked VW for guarantees that its technical fix will work. Buick becomes first U.S. brand to crack top 3 reliability rankings by Consumer Reports Mon, 24 Oct 2016 12:45:00 EST Buick cracked into Consumer Reports' ranking of the top three most reliable brands -- a feat no American brand has accomplished since the organization began tracking brand performance in the early 1980s. Buick ranked No.